Serica Energy Share Discussion Threads

[oilinvestoral] 26/4/2024 16:33

Don't know about others but I have no personal plans to sell ! Sold down to recoup multiples of my original investment when they had the OFAC hiccup! So playing with house money here. Now that divi has been maintained , will hunker down , take the divi and continue to critically evaluate progress & performance (same as I do with all other holdings).

[undervaluedassets] 26/4/2024 14:59

In my wildest dreams, given the gas price and the taxman having the company in a headlock, I was not expecting results as good as those.

Any improvement in the gas price or relaxation of the tax regime - (gonna happen one day right? as the taxes are totally unjustifiable given current gas prices) - and this will moonshot.

[stemis] 26/4/2024 12:39

I'm pretty happy with the results but it's undeniable that there's a lot of stale holders in the stock, as we can see from this board. Many will take the opportunity of an rise to 'get their money back', so I don't expect the recovery in the share price to be linear...

[undervaluedassets] 26/4/2024 12:27

Profit taking before the weekend by short termers.

think I will take a few more.

[dcarn] 26/4/2024 12:15

They'll find something.

[loafingchard] 26/4/2024 12:07

What will the detractors whine about then ?

[xxnjr] 26/4/2024 10:04

I thought the results webcast was very grown up and positive :) And in general (not in reply to 6107), may I suggest we park the 'should have accepted the kistos offer' debate, as this has been debated to death. What happened, happened and the situation today is, what it is. Let's look to the future, not back at the past.

[weemonkey] 26/4/2024 09:00

Newbie question.. What is the value of the tailwind reserves?And what was the size of the tailwind debt?Thank you.

[croasdalelfc] 26/4/2024 08:31

Decent buybacks on ok volume . Long May it continue .

[waterloo01] 26/4/2024 07:35

Odd buying pattern in buy back. Lots of relatively small trades.

[heialex1] 26/4/2024 07:12

11% dividend plus the new share buyback. Happy to accumulate at these levels

[oilinvestoral] 25/4/2024 17:05

"I can understand the rationale for gross to gross given the debt taken on provided a large uptick in reserves"------Using that logic, the CAPEX spend (among others) should also be removed from the cash bridge because that also provided a significant uptick in reserves.... Bottom line, mountain of debt taken on was removed because it was convenient/ suited the agenda- end of!

[orchestralis] 25/4/2024 15:48

Is this the share buyback pushing up the price?

[undervaluedassets] 25/4/2024 10:58

I dunno... my thinking here is simple.. This floated at a £1 in 2005 (hugely speculative and arguably overvalued then)

It is now £2 having turned itself into a serious oil and gas producer .. and given extraordinary growth to date, it is now, IMHO hugely undervalued.

That is my simple take on everything here.

I watched the results presentation and it is clearly management's intention to keep on growing.

meanwhile, we have a near 12% yield to enjoy.

Price should be a multiple of what it is. And I think investors will work this one out.

[nigelpm] 25/4/2024 10:22

It's not easy to make it comparable - that's the issue.

If you go Net cash to Net cash that's also not sensible given the uplift to reserves/cash flow

It would have been far better to have put all Tailwind related cash flows separately but I guess that would have been messy.

In summary would have been no harm in showing it but being clear about it.

[oilinvestoral] 25/4/2024 09:06

"I can understand the rationale"-----The obvious rationale is window dressing as it makes the figures seem much better

[oilinvestoral] 25/4/2024 09:05

"The difference is tailwind's debt."-----BINGO! And therein lies the quarter of a billion dollar problem !

[croasdalelfc] 25/4/2024 07:23

A decent buy back amount - let's hope it continues - I calculate 1.8% could be bought back at an average of 200p

[nigelpm] 24/4/2024 23:29

I would have preferred if they've shown net to net cash and put all the tailwind related stuff in a box as part of the bridge. That's how I'd have done it but I can understand the rationale for gross to gross given the debt taken on provided a large uptick in reserves etc...

[nigelpm] 24/4/2024 23:03

The difference is tailwind's debt. Every moment otherwise is listed out in the bridge.

[oilinvestoral] 24/4/2024 22:25

I knew you couldn't help yourself and would've chirped in again! You're Back filtered ! I could literally write that the sky is blue and you would disagree with me ! Since you disagree with everything I write why don't you just filter my posts and leave me be!

[nigelpm] 24/4/2024 22:02

My point is net cash 1 year ago at the end of 2022: £432.5 million!

There's a helpful bridge in the IMC meeting to explain the movement since.

[creditcrunchies] 24/4/2024 21:20

I'm always critical when they deserve it my investments are anywhere from 35k worth upwards mainly in SIPPS. This company needs to protect itself from more than commodity prices they need to protect themselves from self destructive politicians that are hell bent on destroying the UK. They hit the nail on the head with their comments in the RNS the short term tax raid will destroy jobs, will create massive trade imbalances, take away UK national security, leave the UK population open to spiking energy swings as they import more energy from anywhere they can get it and long term lose tax revenue as the north sea industry shuts down