 Cash is a very high priority to sea though that's the problem . Htc after watching them decimate the share price and after a decade plus of suffering I would have thought by now you might have caught on .
Anyway I gave my views and warnings years ago and find myself doing the same again now . Wether people choose to listen or not is their choice but I think many wished they had listened last time round .
Yes it's good to get into another market but I really don't think doing it on the back of falling sales is a good example of a well managed company . They are doing it because the oil sector is stopping orders for r2s and only just realising that and reacting well after the horse has bolted isn't a good thing at all . Even if they manage to get through this period and nuclear works out it will take quite some time to start seeing any recovery in sales and profits from now and sea simply doesn't have time or cash to wait and that's the big issue and threat to the share price . Seen plenty of good ideas come and go simply because the uptake is so slow and bigger outfits can force them out etc .
Good luck if you think it's a good share to invest in at these levels but I certainly don't for the many reasons I have listed and the main one bring the management . |
bones698..
'Again all very nice but where's the profit ? There are competitors who I think not have gone in as low as sea'
I used to work in the Nuclear Industry.....I hope they haven't gone in low... cash is a very low priority...the top concerns are Safety, quality,and previous experience. The work SEA has completed with various Police Authorities should put them in good stead and on the short list. |
Bones, I agree with a lot of what you are saying. However, it's good to see the company is diversifying and being dynamic. A bit slow yes, but the Nuclear industry is complex and these things take time.
With regards "many oil shares have multi bagged over the years" - yes, but most of those have now dropped off a cliff, and I am sure you know the ones I am referring to!
Has SEA itself not multi-bagged over the years?
Anyhow good to have different views on the subject. I may not be a long termer in comparison to some shareholders, but I have been here for 6yrs.
GL SR |
Standards and Guides
ISO 9001:2008 is the most commonly specified management system standard in the procurement of significant products and services. Major nuclear industry suppliers are normally certificated to ISO 9001.
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So that's why this RNS in June was so important. It was obviously required to secure the contract for Dounreay Nuclear Plant.
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17 June 2015
SEAENERGY PLC
SEAENERGY PLC ACHIEVES ISO 9001:2008 CERTIFICATION
SeaEnergy PLC is proud to announce that it has achieved ISO 9001:2008 certification following an independent audit confirming its conformity with the internationally recognised quality and environmental management standard.
ISO is a family of standards related to quality management systems and designed to help organisations ensure that they meet the needs of customers, shareholders and employees. The certification of compliance with ISO 9001:2008 recognises that SeaEnergy's policies, practices and procedures ensure consistent quality in the services provided.
John Aldersey-Williams, CEO commented that:
"This certification is a commitment to assuring the best quality and services to our customers and stakeholders and to continuous improvement in our business. Our approval, following the independent auditing of our quality management system by Lloyd's Register Quality Assurance is applicable across the Group." |
Again all very nice but where's the profit ? There are competitors who I think not have gone in as low as sea have to get it and although not the only factor is usually the main one . It's all too slow and too slim a profit margin imo and why sea isn't a good investment oppurtunity even at these levels . If they had saved the cash and not over spent buying r2s there are a lot of opportunities to buy cheap oil companies and assets now with the potential to give huge returns and whilst the odds are far from certain that odd hit could have transformed the company and why many oil shares have multi bagged over the years . Sea simply doesn't offer that kind of upside and is mainly there to pay the wages not enrich shareholders . Perhaps you need to look at that aspect more SR and realise it's not about making shareholders money but securing their pay packets imo . Then you might realuse why its not a good investment . Many companies on sum are like this and they raise funds once the cash runs out from shareholders who are gullible enough not to see it and keep thinking things will come good . Just some friendly advice . Unfortunately I can tell like others in the past you seem unable or unwilling to accept this . Might I suggest you ask many of the long term holders their view and then maybe they can get you to understand . |
Writing a Tender for Nuclear Industry
The nuclear sector within the UK offers a wide range of high value contracts for companies including operation, design, build and decommissioning.
In order to secure contracts companies must produce high quality, winning tender submissions. Competition in this industry is fierce and as such bids are incredibly complex, requiring a lot of time and resources.
Should you be successful you will be rewarded with a lucrative contract and powerful case study for future bids. |
Like I said in an earlier post, in the security industry it's more about who you can trust than price.
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What is COMPETITIVE TENDER?
A general process where a company acquires goods or services by extending to suppliers an invitation to tender a proposal. In general, the tender with the lowest price wins the order, although factors related to quality, shipping, timeliness, efficiency, AND SECURITY, may also be a consideration. |
"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. |
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