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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Serica Energy Plc | SQZ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.90 | 2.21% | 180.40 | 16:35:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 176.50 | 176.50 | 183.20 | 180.40 | 176.50 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 16/5/2024 18:37 by pineapple1 From the HBR board.timmy1116 May '24 - 16:11 - 4666 of 4667 0 3 0 The US oil giant Chevron has announced it will quit the North Sea after 55 years, the day after Jeremy Hunt turned down industry pleas for support at a private meeting. Chevron said that it had decided to leave the region following a review of global operations to determine “whether assets are strategic and competitive for future capital”. The company insisted this was not connected to Britain’s tax regime. It came a day after Mr Hunt rejected calls for respite from a windfall levy that has driven up the tax on oil profits to 75pc. Industry leaders told Mr Hunt that there was “one last chance” to halt a “catastrophic& However, the Chancellor is understood to have made no promises to change tack – pointing out that Labour’s threats to increase the windfall tax by another 3pc and to cut investment allowances should they win the election, were the key deterrent to investors. Chevron packing up. Everything to do with WFT despite the denial. This WFT is going to really stiff the Uk energy security If this and succesive govts believe they can just somehow drop it overnight in the future and companies will come running back they are sorely mistaken Once rigs and personel are relocated they ain't coming back. So the UK will be even less energy secure than they are now by some margin. imho |
Posted at 09/5/2024 16:23 by undervaluedassets Yup.. Investors are pretty stupid really aren't they.. Especlally on AIM,Valuations roughly match operating profits on the FTSE 100 by rank ... Roughly that is. |
Posted at 08/5/2024 14:59 by return_of_the_apeman What are these "lots of investors" reasons for thinking this is a value trap?SQZ paid out 23p in dividends during 2023 which were covered 3.27 times, what do you think the coverage is forecast to be this year? Tia |
Posted at 08/5/2024 11:35 by wallywoo With such a high dividend (14p around 7% of the share price), it makes sense to buy as many shares as possible before these go XD on the 27th June. A £15m buyback and a average share price of 190p, works out about right at an average 200k shares a day. It's interesting to guess what the share price will be once this goes XD. Lots in investors currently thinking this is a value trap. |
Posted at 02/5/2024 12:32 by weemonkey George Soros used to say, contrary to the popular take that the "market is always right", that the market was always wrong. And that shares are always too cheap or too expensive. this makes sense to me otherwise prices would be a lot more static than they are.What investors have to do is decide "what kind of wrong" they are dealing with. At the moment market action is telling us that the price is too high for this stock and that the downtrend is correct and that there is something investors have missed. The fundamentals seem to say price is wrong and that this is selling far too cheaply. which is right? We will see. |
Posted at 02/5/2024 09:15 by undervaluedassets On 17/04/19 Serica announced final results for 2018 with pre tax profits of 25.2 million dollars (dollars mark you). The share price was £1.40 on that dayPre-tax profits for the full year a few days ago were £305 million and the share price is now £1.80 "Yeah, but the UK tax situation".. Yeah, I know, I get it. But even after the ridiculous taxes of £202 million 2023 profits are £103 million.. 400% more than the profit in 2018 But the share price has moved a paltry 30% since that time. (NTAV has also gone from £131 million to £635 million over the period) The word "Undervalued" does not adequately cover the situation here. I would suggest that if British investors do not appreciate what they have; then, as seems to be the trend with UK market, it will be taken from them by grateful foreign hands. And once again UK investors will get a few pieces of silver and foreign hands will get the value that the UK's collective indifference and idiocy has created. You don't know what you got till it's gone. |
Posted at 30/4/2024 14:00 by mrscruff I don't think the the dividend should be maintained as I think it comes from the days when SQZ had too much money. I would like them to cut the dividend by a third placing the company in an extremely strong position instead of one where the future of the dividend depends on oil staying at these levels. Investors would expect a fall in share price but I would think reaction would be positive. |
Posted at 14/3/2024 17:32 by mrscruff Investors need to accept the loony tax is forever and move on. All negative sentiment eventually gets factored into a share price and then the share price can move forward as the revenue after tax is still very strong.We also need to move on from the high priced Tailwind acquisition that is now at today SQZ share price more than factored in! A better Chief Executive Officer will be announced at any point would help to change sentiment and drive us forward. I can see any new CEO changing the direction of SQZ and the share price react positively. This combined with the gas price bottoming should change sentiment and I look forward to 2024 where this looks like a recovery play. As investors we need to think 3+ months ahead. |
Posted at 19/9/2023 12:58 by ashkv 19th SEPSERICA ENERGY PLC Interim Results 19th Sep 2023 at 1:30pm Investor Presentation Mitch Flegg will provide a live presentation relating to the interim results via the Investor Meet Company platform today at 1.30pm BST. The presentation is open to all existing and potential shareholders. Investors can sign up to Investor Meet Company for free and add to meet Serica Energy plc via: Investors who already follow Serica on the Investor Meet Company platform will automatically be invited. A copy of the accompanying presentation can be found on our website: www.serica-energy.co |
Posted at 22/12/2022 16:22 by ashkv Below commentary might be of value investors/chat visitors who might have missed it prior.REPOST SQZ Share Price low on 20 Dec 22 -> 254.5p GBP 460 million Net Cash or 168.5p in share price terms Market Cap at 254.p - GBP 695 million therefore Enterprise Value is GBP 235 million. SQZ's 26,000 to 27,000 boepd valued at 254.5p (Current SP)- 168.5p (Net Cash given Zero Debt) = 86p working to an Enterprise Value of GBP 235 million KIST, HBR etc etc can easily pay 450p for SQZ for a win win deal!!! Clearly Mitch Flegg CEO of SQZ is doing a deal that is only good for himself and his entrenched lazy management. Divestments by majors and similar compelling value accretive deals to be had all over the world but lazy soft useless muppet Mitch Flegg couldn't be bothered hoofing around the world to secure a compelling deal for SQZ share holders!!! Much more comfortable working from home and earning his big fat undeserving compensation (pathetic 2022 share price performance). Clearly a win for Mercuria and Tailwind!!! What is the necessity to keep all of the senior management with the new firm? Why not pay off the Tailwind RBL - rather than undertake hedging agreements that will advantage Mercuria over Serica shareholders? Why would Mercuria benfit / give value away to Serica which is 25% owned by Mercuria versus parent Mercuria? Plainly this is a deal to secure Mercuria as a blocking shareholder to prevent SQZ being taken out to the benefit of management and the detriment of investors!!! 50% plus of SQZ shareholders are private investors!!! Why no meeting / update for us? We are being treated as unworthy lowlifes by corporate parasitic overlord / entitled corpocrat Mitch Flegg!!! I expect an offer from KIST, HBR etc or Hedge Fund activism - this corporate skullduggery can't stand!!! SQZ even presently as proposed combined entity with Tailwind is undervalued!!! But where are the catalysts that will ignite the share price post merger?? North American E&P firms have had stellar share performance due to compelling buybacks / dividends - SQZ need to allocate a large percentage of Free Cash Flow to investors NOW!!! Hydrocarbon E&P is not a tech business and cash should be shoveled back to investors. SQZ investors were promised Buybacks if North Eigg came up a duster and in place we have got this dog of a deal - and taking inflation into account negative 12m / YTD return on our investment!!! Mitch Flegg needs to step aside or be forced out - he has not lived up to his fiduciary obligations. This is the issue with UK corporates they are bureaucratic self dealing and not focused on shareholder returns!!! Need clarity on tax benefits, projections on after tax projected profits under gas / Brent price scenarios etc etc - useless presentation put forward today... very underwhelming!!! Finally from a strategic long term view - Why focus on the North Sea with high costs and high taxes? Moreover with Commie Labour most likely assuming power in 2 years from the Socialist Tories - given Labour's even more Green crazy / punitive / ominous for the UK E&P scene the outlook is not favorable!!! |
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