Share Name Share Symbol Market Type Share ISIN Share Description
Serica Energy LSE:SQZ London Ordinary Share GB00B0CY5V57 ORD USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -0.45% 27.625p 27.00p 28.25p 28.00p 27.25p 28.00p 498,279 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 17.4 2.7 3.2 9.1 69.11

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Date Time Title Posts
17/11/201716:20Serica Energy3,920
27/9/201710:28serica energy182
03/6/201716:15Serica Energy plc - Moderated7,634
10/4/201610:14L2 - Observations, comments and screenshots56

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Serica Energy Daily Update: Serica Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 27.75p.
Serica Energy has a 4 week average price of 25.25p and a 12 week average price of 20.25p.
The 1 year high share price is 34p while the 1 year low share price is currently 13p.
There are currently 250,179,040 shares in issue and the average daily traded volume is 859,282 shares. The market capitalisation of Serica Energy is £69,111,959.80.
dunderheed: sw - I do apologise you are of course right! I dont know why, I'd heard reference to the prospect and had connected this with the Ireland acreage. To be honest though this is not the driver for me when recently purchasing Serica. I like the cash, tax losses, Erskine and Columbus assets and feel this is enough to drive a re-rating in 2018. I 'may' have sold out if during drilling this prospect the share price got 'silly' high but really the expectation is a 'free' dry hole. Love to be proved wrong of course!
dunderheed: I did say 'lately' - if you compare the share price over the past three years then it looks more favorable compared to peer group as well?
dunderheed: I hear what youre saying fb - but cash IS building - still nice tax losses and columbus in theory is as good as 2p - especially with Chrys in the game now (prefer this to 'shell' option). Hence I think within 6-12 months someone else will increase the share price if the (excellent) management are not able to do so. I mean that sincerely, I think TCW has done very well for SQZ 'lately'.
dunderheed: Oh dear - hence the share price pfmce over the last few days!! Are you still positive on this almsivi because I 'think' you hold a (relatively) lot of shares? Is this linked to the earlier 'Shell HSE' issues?
dunderheed: Just saying potential placing for 'new' acquisition? No idea and was just trying to udnerstand recent share price weakness. Doesn't seem to be iceberg seller just people getting bored and frustrated?
pineapple1: First oil If you've got patience (and i mean patience on steroids) i reckon RKH and its FI field will be the most rewarding in terms of share price appreciation. I bought some a few weeks back but its likely a 5-10yr hold. imho
lord gnome: If it was to go, then it certainly wouldn't be for £60-70 millions. Any bid would need to recognise the true value of the assets and I reckon they would have to pay at least double the current share price. Nice thought Almsivi.
lord gnome: My quid pro quo will be a rocketing share price, FB. That will do nicely.
rossannan: Agreed. Today we have the classic post-tip dip. Love the way that the share price overreacts to production interruptions, behaving as if SQZ had the same cashflow problems as other AIM oilers. An absolute gift for the patient.
seconduser: From WatchMaveick on LSE. You never know.......... I was at the agm and personally met the BOD. They are a very experienced and proven group who have very senior contacts in BP, Shell, Chevron etc. They are also very old school - not interested in lots of communication and social media. They are however very focused on growing the company and delivering sustainable, long term shareholder value. I asked them myself why they were not doing Director purchases - there response was mooted, but left it at 'they cannot purchase if they are in blackout period or under NDA'. We can assume by this they are under NDA and are at advanced stages of a possible deal. Now to valuation. The year end cash position, based on the mid point of company guidance from Erskine will be circa $42m (£34m). The tax umbrella is worth 40% of $160m (£53m). Thus at year end the total value of the tax umbrella plus cash will be c£87m. This is way above current market cap so you can say any future Erskine production, plus Columbus, plus Rowallan, plus other assets are essentially not priced in at all - in essence they are given zero value ! In summary this is probably one of the most undervalued companies in AIM and is only trading at such a low price as some sellers are bored and buyers are concerned about single asset. It appears nobody is looking at the potential of a bid for the company. Any other UK producing company could use the tax umbrella themselves (worth £53m), they would keep the cash the company has and gobble up the assets. I suggest rather than speculate on this thread, that good fellow investors contact the Board members and speak to them and ask questions. At the afm I found the board very approachable. Good luck to all shareholders, you will be well rewarded for your patience in holding/adding to your shares. Now is a time to significantly add as either news of an acquisition this year, or the Columbus FDP and the Rowallan drill will rapidly accelerate the share price. There are very few cash rich companies on AIM, who have a rock solid BOD and have the assets to deliver 'life changing' changes in a companiys value. Best wishes.
Serica Energy share price data is direct from the London Stock Exchange
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