Status Quo's only uk number 1 describes the performance of the share price under this bod perfectly.
Anyone guess what it might be? |
looks like SEA is heading inexorably towards membership of the 99% club |
Stockriser - as to whether I could be described as knowledgeable would be a matter of opinion, but I'm willing to bet a substantial amount that the answer to your question is: not fekkin much. |
Any of the more knowledgeable on here know what sort of price we could get for this little company?
TIA SR |
Time to make a few effing "effigies" before Nov 5th methinks. |
Reesy - we may get our wish. Strange that Siggy is not on the "Our People" page of the Seaenergy website.
However, he is still on the AIM Rule 26 page
Also that photo of Siggy from the Scotsman article appears to be taken at the same time (notice the background) as all those other photo's which were commissioned for the "our People" page, so why is he not on there? Something in the offing? - no pun intended |
Steve that's the problem there is no sign management have any intention of cutting "central costs" ie their own salaries
Stock
Even more reason Sigsworth should go, what does he bring here?
Nothing. |
Come on Mr. Sigworth - Don't forget about SEA.
"David Sigsworth, the chairman of Edinburgh-based property group SIGMA CAPITAL, has upped his holding in the company by purchasing 133,333 shares at 75p each." |
The fact is R2S generates £2m of operating profit and central costs can be cut. If the business is sold it may still go for more than £10m and central costs then disappear. |
Bones - you are just thinking in an emotional manner which is a recipe for losing money both short and long term. |
Spot on post from pogue and the reason I still hold
Also another point bones raised was the futility of an EGM the point is not to recover what's spent but cut future costs either by redundancy or wage cuts or both |
Hi Bones
I take issue that they overpaid for R2S. It is a good prospect and will make good money it is a very useful tool for any oil company I say this from knowledge of where it would be used and how as it would be part of my day job using it.
Problem we have is that the oil price dropped just as it was starting to get adopted plus the SEA directors did not focus on it and wasted time and money elsewhere this included their pay. The company is now in a hard place and the directors are not inspiring anybody. If SEA survives one day R2S should pay out and be a goldmine but there are many unknowns as to how we get there.
Personally I am still holding but have a holding in another share that should be a good earner but the share price needs to rein back a little before I take the plunge and sell SEA and go all in. |
That's the key bones, 'recover in time'.
Which applies to PVR and logp as much as it does to any of the landmines on your list. |
 Reesy yes share trading looks all but doomed for the pi imo , has been for a while tbh far too rigged these days so get out and let them fight between themselves I reckon . Sea is going to need a miracle to recover anytime in the next 5 years and I can see more downside first making it even worse .
Don't blame you for selling now best to get what you can rather than pray for a recovery that probably won't happen , bet everyone has looked back and thought wish I'd sold at 40p plus etc but that's the problem very few do sell on the ups and end up here . Myself included .
If the missus won't let u have a leg over use the proceeds to go to the local massage parlour :) infact get a job there see if you can make a few quid :)
Stevemmg not sure where you come to that conclusion ? They have no cash , an overdraft that is likely growing fast and need to raise cash . R2s demand is slowing and they can't expand without cash get it !!! That's if there is enough buisness for the people they have now which sounded unlikely in the last update .
Some of us have been on here a long time , met the bod and know it all very well , you have just arrived and bought in after the drop thinking its cheap . I will tell you it's not and there is a good chance you will be sitting on a decent loss pretty soon imo . Your valuation is amateur tbh just because sea greatly overpaid for it doesn't mean it's worth that now for a start . Get real .
Phil how u doing been a while . Whilst I ain't keen on the majority and they all come with health warnings a few is consider are agl , Moni , Eme and even gkp the latter two for oil recovery . Depends on how long u are willing to wait and risk etc . Depends what sets your appetite and getting in at the right price as always . 3 of those are bombed out so just a case of catching the lows before any recovery . Personally the best way to make money these days is short things believe it or not , never a fan of this practice but the results speak for themselves . I like ukog too at the right price though . That's my genuine look at list atm . Plenty of others but a few of those I think have good potential to recover in time . |
Evening Philmi
Anyone who takes my advice right now needs their head examined
Anyway after a lot of soul searching I've reduced here and LOGP taken a massive hit on what I've sold but what's done is done, I'll hang on to the rest and continue to berate the BOD until they improve things.
Still hold enough to make a big difference if these were ever to return to decent valuation
And at least now I can sleep at night
Only Co I'm interested in right now outside the usual suspects is CHL whom I've I followed since I held them in the 140p days, the person who knows more about them is Nick who I believe is away right now.
Bit of a binary bet, whilst I doubt they'll get within a mile of what they are claiming fair chance on them spiking up if judgement goes their way |
Why would you sell something that is over 3 times undervalued? |
So Reesy wotcha reckon, sell up here and put everything on the black (aka GKP)?
Ultimate sh@t or bust IMHO.
bones - care to "recommend" any other potential multibaggers on your shopping list to take a look at? |
Bones I entirely agree that SEA Looks like a long slow grind which is what most of on here are used to (unlike me who's unlikely to get a LSG off my missus anytime soon now she's seen the sp)
Just think you spoke more sense when you said get out of aim rather than try to chase losses looking for the next multi bagger
I'm seriously considering withdrawing what little I have left until the markets turn around like they did in 2010/11 when you could actually make money, just wish I'd known when to stop |
The point is potential to multibbag though it was just an example there are plenty of others although hitting the right one almost takes s miracle these days . I'm pretty certain though it's not sea and as painful as it is think those still in here need to consider selling and buying something that just might rocket as I see that as the only way of getting anything back now . Sad times |
Reesy gkp isn't aim for a start , plus have you not read the latest news regarding payments from the krg including back pay for monies owed of which gkp are owed 330million. They also have the local agreement for oil sales for the next 6 months .
Regarding your losses well that's the game but low sell high . The point was the potential to multibbag and companies like that have assets worth a fortune , sea has r2s . I know which is rather take a chance on at this point to recover . I gave it as an example but sure people have their own ideas on what has big potential , sea isn't one of them so think it's fair advice to try and recoup it elsewhere .
This from the one who wouldn't listen to my thoughts on sea and logp hmmm don't think your going to get away that lightly reesy . Banning me comes with some expected consequences lol |
Doesn't bode well for the oil and gas part if this anything to go by. |
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