Stockriser. SEA started 2015 with a NEGATIVE cash balance of £22k. At the 30/6/15 that NEGATIVE cash balance was £461k. So in 6 months SEA's cash balance DECREASED by £439k. SEA had borrowed £22k by 31/12/14 to cover that decrease in it's cash balance. During the 6 months to 30/6/15 SEA had to borrow another £439k to cover the cash it was LOSING. Hence by the 30/6/15 it's borrowings stood at £461k because it was losing so much money!!
Learn to read a balance sheet, Stockriser. |
Do you think you should be investing in shares, Stockriser, if you think SEA are generating cash? Do you know how to read a balance sheet? Have a look at the latest interim results for SEA. Have a look at the Cash Flow Statement contained in those results. SEA is haemorrhaging cash at an alarming rate such that:
"SeaEnergy began the year with a small overdraft. At 30 June our overdraft stood at £461,000 of a facility of £650,000. The Company has an agreement in principle for additional working capital funding, to reinforce its financial position before the anticipated upturn in 2016, and expects to make further announcements on this in due course."
PS. Stockriser. Learn to read a balance sheet; that's more important than charts. |
Pap, are they not generating cash now? |
When will SEA start to generate cash from their operations, Stockriser? That's what should concern shareholders, not their job adverts. |
I was a bit concerned when SEA indicated that they were diversifying into the nuclear sector, especially with all the implications of +vetting etc. However, I noticed that one of photographers (S.Hill) employed by R2S had experience of defect photography on nuclear submarines in the 4yrs prior to joining the R2S team. Having worked in the nuclear industry, I know he will have the clearance to conduct the work carried out at Dounreay.
It's also worth noting that one of the desirable qualities required for the post of ICT Development Coordinator advertised by SEA is " Experience working in an ISO9001 accredited environment", which I still say was a prerequisite to working in the nuclear industry. |
Looks like JAW needs some help to recover from this disaster. |
Relevant experience & Qualifications
Essential:
Demonstrable knowledge and experience of working at a corporate level with:
Disaster recovery and business continuity implementation, .. maintenance and implementation of Group Policies
Oh well that's all good then.... |
That puts paid to any potential profit in 2016 no doubt. |
An opportunity has arisen for an ICT Development Coordinator for an Innovative Offshore Energy Services Company |
752 shares sold that's quite a drop , must mean the new flower pot isn't as good as the last one possibly a b and q special :) |
He's going to be a happy bunny.
As will his pal meister Lampe. |
£2m wiped off Remp’s shares in SeaEnergy |
korkikorki 6 Nov'15 - 21:48 - 31825 of 31825 0 0 (premium)
I presume this profit forecast, ....
Clucking bells now korki's been on the little weeeeeed as well? |
Information such as this(imho) should only have been released by way of an Interim Management Statement(RNS) available to all shareholders.
Not through some limited audience PR outfit............................
I can hardly believe the Nomad is impressed but then this is AIM........
I disagree with Nigel and presume this "profit forecast", rules out a Private Placing. |
"the phones are beginning to ring again" now that we have paid the bill after cutting the tea lady's hours and pay. It means we can only sup tea 3 times a day but load up on the bickies when she isn't looking.
Happy days :) |
The only ringing we ever seem to hear these days is that of the 'sell' bell. |
Thanks Pro.
Whats all this about Sellafield? |
Return2Profit (in 2016)
BUY, BUY, BUY
(LOL!!) |
Video interview with CEO Aldersey-Williams
John Aldersey-Williams, chief executive of SeaEnergy (LON:SEA), says the phones are beginning to ring again after a quiet summer with clients including BP (LON:BP), Total (NYSE:TOT) and Chevron (NYSE:CVX) now building the company’s R2S software system into their budgets.
R2S or ‘Return to Scene’ provides a 3D photographic models of facilities such as oil rigs that allow maintenance tasks to be planned from a desktop. Aldersey-Williams compares it to a “Google street view for a platform” where clients can visit a remote site virtually and save money on expenses such as helicopter flights.
The product is key to SeaEnergy’s diversification strategy outside the oil services industry and was recently selected to assist the de-commissioning of the Dounreay nuclear power site in Scotland. |
Board: "Yipeee, we won another plant pot"
Drew: "But, I'm not happy with the poor share price performance"
Board: "Don't worry Drew, we're off to sort it out" |
Personally, I prefer the Rice Crispies ad ...lol
free stock charts from uk.advfn.com |
Can we stick to facts please KK?
It was frosties, not rice crispies. |
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