not even the dead cat is bouncing |
Jack your expert views don't carry much weight given you have only been here a short time and already sat on a big loss . There won't be any pump in this after the placing . Have to say id laugh if it's another lanstead type deal . An initial spike to 10p maybe then the short it down to 1-2p . What fun the last deal was .
E2s even with its blue chip clients is in decline , profit margin is small and with oil set to stay sub 50 I can see those deals ending once the contracts are up. Combine that with slow take up from the likes of the nuclear sector mean a rocky few years ahead and I'll predict now they will miss profitability in 2016 . They overpaid for r2s your the only one who thinks they didn't but we have seen the proof that what you think is rubbish guesswork the facts speak for themselves look at the graph . |
Seems that way Phil ;-) |
Has the "pump" just started then Stockriser?
;o) |
 The issue here is whether the current team can realise the potential of R2S.
Its been used by Exxon, BP (several times), Chevron and Total (several times) and many other oil majors. Its been used by the British Government for security work; its been used by several police forces, nationally and abroard, and in high profile investigations like Hillsborough. It is now being used in other areas.
It is unique technology, which in the right hands, could see revenues at a considerable multiple of the current level.
Are the current team upto the job?
The cost cutting, both voluntary and enforced, is a good sign that they are addressing the problem. Its certainly a step up from PVR for example, where the CEO continues to take a £500k a year salary having achieved the square root of sod all.
I dont think SEA overpaid for R2S. Quite the opposite, but if the current team cant realise its potential, then someone else will.
ps One mistake I made in yesterdays post was saying revenues had increased. I hadnt read the segmental reporting at the time. R2S VAM revenues were down about 15%, as expected. |
6mths and the share price will be saying ....... |
The share price says otherwise tbh , since this lot have got in they have overpaid for r2s hugely , not acted when logp were much higher , milked huge salaries with far too many directors to leave the company plotless , loss making and looking at dilution . And still no signs of things turning or action taken . Logp is dead , as is marine and everything else . This is now simply r2s but with far too many poor managers milking it . Looking at that it is a scam now imo and there is no value or big upside . Will take them years to get any traction in nuclear if ever and by then they will be back for more cash or gone imo . |
Bones - you're right, most are scams. However, they (whoever) make more money by pumping a share 10 fold, than they do on 10yrs inflated salary ;-) And, Seaenergy currently, is being primed for a big pump. However, I do not believe them to be a scam! |
Jack, I could not agree more. Having worked in the nuclear industry for 15 years (now retired), I realise the importance of getting "LIST X" status, which Seaenergy should acquire as a result of the proof of concept pilot project. In fact if, you look back through SEA's BB's, I think you will find that I was the first person to even mention that R2S would be an exceptional tool within the nuclear industry.
"2)R2S getting their first job in nuclear, albeit as a pilot starter project, is significant. Getting work in the nuclear industry is extremely difficult, for obvious reasons. R2S started off in the oil business on small projects, so it all has to start somewhere. The wider and more diverse the reach of R2S, the less dependent on any one area it becomes. The importance of the nuclear job has been completely ignored by everyone today." |
Korki m8, have you actually looked at any other AIM Co's, they're all the same, well at least 90% of them.
"Never in all my years investing have I seen such "incineration" of shareholder value, whilst (so called ) Management (former and current)reap ridiculous rewards, at shareholder expense (funded by an overdraft)." |
JackJ, what really needs to be done is to cut central costs and end the gravy train but I've seen no evidence that they intend to do that either now or in the future. They're looking at further dilution in the hope they can muddle through until things pick up. If I was still in I'd sell out now before the placing because IMO it's only going to get worse. |
How about "Cee Ourselves Right" otherwise known as COR(Blimey)PLC.
This has a Dynamic and Synergy that should appeal to our "beloved board".
Never in all my years investing have I seen such "incineration" of shareholder value, whilst (so called ) Management (former and current)reap ridiculous rewards, at shareholder expense (funded by an overdraft). |
Would have made more money investing in seasicksteve tbh . Good old British management , how to mess up everything |
They should consider a new company slogan:
SeaSick |
They should consider a new company slogan:
All at SEA |
I remember 80p. I remember buying some (idiot).
Not surprised at the results, what a shambles. |
It did hit 80p at least ht in the following years , now though it's never likely to trouble 8p tbh this lot really are awful |
bones698. Your posts 171 & 172 were spot on. |
6p now. Chart horrid. Sub 5p on the horizon. Sub 4p? Possible, IMO. |
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