"As a highly regulated industry with obvious security considerations, the spherical photographic capture and the integration of imagery into the R2S visual management system will provide stakeholders with the secure ability to visit the IFBS site from their desktop, reducing the need to travel to site, allow for enhanced collaboration and more effective planning." |
 Catching a falling knife is another lesson I learnt it very rarely works out . The share price is dropping for a reason or several and usually continues to fall . Yes you might get the odd bounce along the way but unless you trade those and get them right you will lose out 90% of the time . In my experience people tend to think it's going higher on the blips and don't sell then end up losing further as it drops back .
I don't see why anyone would buy shares in a company where a placing in the near future looks nailed on and will almost certainly be at a discount , sea is neither in a position or in the current market likely to issue shares at a premium unless it's in a lanstead type deal which ultimately will decimate the share price long term . They make their money shorting the share !!!
As I keep saying there are far better places to invest which offer much higher returns of you pick the right ones , sea looks a very long painful and now high risk place to put your money for little reward . |
Bones -tks for the reply. Yep the chart does look grim, but not too bad for those accumulating now! |
6p dropping to 4p on placing where it will stay as there is no news to come and the markets worsen . I see nothing to drive the share price higher and only dilution coming which will drag the share price lower . Not sure what news you think will come in the next 3 months to double the share price ? Even news of the nuclear deal was ignored as the city now sees it as little value . Problem is profit and sea aren't making one and don't look to for the foreseeable . No problem keeping it civil but for some reason people don't like my posts when they are negative on stocks they own . I don't hold shares and am therefore unbiased , it doesn't benefit me either way so it's my honest opinion . Anyone holding doesn't have an unbiased view .
That chart looks really grim ffs |
Bones, here is a question for you - what high do you think the share price will hit in the next 3mths - I will say 10p - cards on the table now ;-) |
Bones, at least we're keeping it civil now ;-)
When have you ever had the pleasure of being invested in a Co. which has just got it's foot through the gates of a Nuclear Establishment. I remember when I was waiting to get my + vetting for my fist post in such an establishment - it took 18mths for them to check me out, and I was not coming off civvy street. Yes a placing may be due, but have you never seen a placement done at a premium?
free stock charts from uk.advfn.com |
Stick riser with all respect unless it generates big profits it's not great news and is just filling a hole left by oil customers who aren't spending . The uptake even if r2s is the preferred choice which I doubt will be far too slow seen it many times before . You can't ignore the effects of a placing they will be very big regarding the share price going forward .so far you might know a bit about nuclear but not a lot about shares or sea . My point being the share price isn't likely to be going up for years if at all and that after all is why people invest . This is not one to bother with at this point with far better options out there that could multibbag at least unfortunately sea isn't in there at all |
Stig - Bones, you both need to look into this a bit more, and you will realise how important this contract is, regardless of whether a placing is imminent!
You may know about oil, but I certainly know a thing or two about the nuclear industry! |
Proactive puff article means they are about to do a placing |
It's called losing oil contracts so need buisness to fill the hole . It's better than none but too slow, no profit and very slow uptake and not what is needed atm . They need cash and profits fast and this isn't it although as I say better than nothing |
Believe me Bones, when it comes to winning contracts in the nuclear industry, it's not all about being the cheapest. It's about who you can trust! And, if you had worked in the nuclear industry you would know that! |
Come on Bones, it's called diversifying!
"scrambling for work in other areas" |
Problem is this is a very slow process and will have been done cheap to try and get buisness which again means little if any profits . Given sea has no cash and loss making they don't have time to prat about . Unfortunately I don't see any great profits coming any time soon and so more in the red , at some point they will have to raise funds soon and at this point that will wipe out any chance of a recovery in the share price . The other problem is if they want r2s to grow they would need extra cash to invest in staff and hardware too so would need to raise quite a lot again that's going to be bad news whilst the so is down here . That's also if r2s can grow in a shrinking low profit sector hence they are scrambling for work in other areas .
The fact it was a competitive tender also suggests there are competitors probably far better financed and equipped competing for the same contracts . My concern they won this makes me believe they are having to undercut the competition and hence no profits from it as the others will have gone in at their normal price ranges . Desperation here to try and get buisness and make it look like they are doing something where infact it's of little use to the buisness profit wise .
No faith in the bod as they had made a right mess of this company and I see nothing to provide any real positives . Little in the way of assets and little in the way of growing with profits to warrant taking the risks of investing here . The likelyhood of a placing is the biggest reason it isn't investable . That's my view on sea and I've been pretty accurate calling this one for some time . A shame to see it in this state after all this time , there were plenty of good times in the past but I really do think it's over now and just a case of plodding along as long as they can . Had some good laughs here in years gone past |
JJ - You're quite right, the contract was won in a competitive tender, but that info was only provided yesterday by a separate RNS to the half year report. Don't know how I missed that RNS - must be slipping.
GL SR |
Was it a freebie? They said in the half year report that it was done in a competitive tender. |
I have to give the board a pat on the back for securing this, even if it is being done as a 'freebie', as it is purely a proof of concept technical photographic survey. It is extremely difficult to get through the gates of these establishments, never mind being allowed to photograph the sensitive areas. |
From Energy Voice:
R2S sees more nuclear potential after Dounreay project
Industry News
Written by Keith Findlay - 25/09/2015 6:00 am
An Aberdeen firm best known for its photographic work on offshore installations and at crime scenes is to carry out a technical survey as part of the decommissioning of the Dounreay nuclear plant in Caithness.
Return To Scene (R2S) will use its visual asset management (VAM) system to produce images of part of the complex, which will in turn be used in support of dismantling and restoration work at the site.
The R2S team is already on location and project delivery is anticipated by mid-October.
R2S is owned by Westhill-based offshore energy service group SeaEenergy, whose chief executive, John Aldersey-Williams said the “proof of concept” work at Dounreay could be the forerunner of more projects in the nuclear industry.
He added: “Having proven the value of R2S within oil and gas, another industry comprising complex infrastructure and challenging operational environments, we are confident that this … will demonstrate efficiencies in cost and time and improved collaboration for nuclear too.
“It is very exciting to be involved in the decommissioning of Dounreay and we look forward to developing our relationship with DSRL (Dounreay Site Restoration Limited) and the wider nuclear sector.”
The image capture technology used by R2S will allow for safe investigation of key infrastructure fro a safe distance, via a desktop or laptop computer.
R2S was acquired by SeaEnergy in August 2012 in a deal potentially worth more than £10million.
SeaEnergy described the takeover at the time as its first “significant move” towards fulfilling its strategy of buying and building energy service businesses, while R2S said being part of a plc would help it realise its international growth ambitions. |
Keep the faith Bones, I am sure something will materialise out of the blue. |
No I don't believe there is any upside here . Fund raising and management wastage will make the share price drift lower over time . R2s whilst a steady little earner if the market picks up isn't anything world beating or extremely profitable . I don't see the point of waiting around watching them take their salaries and losing small amounts of cash for the coming years tbh surely people can find better shares than this to invest in which might at least do something special .
Ace up their sleeve like what ? Logp is pretty much done and dusted and looks to raise cash soon so even more dilution and lower share price r2s in decline and not the best market to be in oil , exiting marine won't bring anything in . What else do they have worth anything ? |
Bones, from what you are saying it sounds as though you have no confidence that the share price will ever head north again. Is that what you think (serious question) - or do you think there might be an ace up their sleeve? |
That and a lack of big growth and profit options was the biggest issue I had since remp went . Marine management , r2s etc hardly look set to create huge returns . At to that the inept management , overpaid and overpaying for r2s it really is the end of an era and a company with nothing going for it . At least with remp he had big dreams and almost succeeded . This lot look like they are sorting their retirements out |
I did mention in 2012 the directors were taking too much out of the business.The next one that concerns me is CCE but dyor |
Hi Stewy, I am genuinely sorry you have taken a hit on this.
I still have a decent holding, fortunately, effectively standing me nothing as I left only my Profits in! Still this complete "shambles" is an utter disgrace!
From your conversations with JAW, do you think they realise what they have done and do they really think they are worth their grossly inflated remuneration??
and "freebie" (now worthless) shares.
The "departure" of Chris Moar and Mike Comerford (not to mention Remp) has cost us far more than the current overdraft, which by itself restricts any ability for recovery or expansion of R2S.
They should write a book "How NOT to run a PLC, in 3 easy stages" and donate the proceeds to the other "All at Sea" shareholders.
I sincerely hope some of your other "investments" prove "winners".
Kind regards
KK |
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