Not good news for SEA/R2S |
bones, the Operating Loss for the first 6 months of this year was £881k and SEA lost £439k of cash in just 6 months. Not huge amounts for a bigger company, but huge for a company that only has a current Mkt Cap of just £2.54m, IMO.
Apart from that I agree with your analysis of SEA's current predicament. |
Pap the amount of cash lost wasn't huge 440k in 6 months wasn't bad considering the massive wages and number of bosses eTC but what is concerning is r2s is declining and not growing and the market place shrinking meaning no growth and very little chance of making a profit for the foreseeable . Not much in the way of assets either anymore of any value and so a very real risk they will red cash to plug the holes . Can't really sell anything , oil prices set to stay low won't help r2s and a bloated management teams raining the cash and profits . A very typical story on aim these days with the real worry that there isn't that surprise factor of say hitting oil or getting a coup which at least there was in the Remp days . Granted they didn't quite work out but at least the chance was there for big news . Not here im afraid anymore |
I agree, bones698. IMO this is a share to avoid until it's funding is sorted. It's last a/c's show it's loss making at an operational level and haemorrhaging cash (it's bank overdraft was rising at an alarming rate from 31/12/14 to 30/6/15). |
The issue here is that in all likelyhood dilution will come sooner or later given the inability to make a profit and market conditions staying bad for some time . In that case any form or risk of dilution at these levels or lower would be hugely damaging to anyone holding and greatly reduce the chance of ever seeing a profit . The risks atm are too high until funding is sorted and get actually show they are willing to slash costs drastically . |
"Aye I was wrong on that POO breakout, but then again when I look at the bog roll"
LOL. Good one, Stockriser. |
This is not going bust and I have lots and lots of time - touch wood! |
Aye I was wrong on that POO breakout, but then again when I look at the bog roll....lol |
My post should have read ....... "I reckon that a Barryroe farm out is SEA's only short term salvation. Can PVR pull off a successful farm out of Barryroe? If they can then the LOGP share price could rise significantly giving a boost to the SEA share price and even a possible chance to offload their LOGP share stake. Clutching at straws, I accept, but miracles can happen." |
I haven't seen a WTI chart from you recently, Stockriser. Do you only post one when the PoO is rising? No offence intended. I just think you set too much store by your PoO charts. You were looking for a breakout recently. |
Pap - Your thoughts are my hope ......lol
"If they can then the LOGP share price could rise significantly giving a boost to the SEA share price and even a possible chance to offload their LOGP share stake. Clutching at straws, I accept, but miracles can happen." |
WTI US$41.16. Brent Crude US$44.06. So the oil price isn't doing any favours for SEA's R2S customers.
In H1 2015 SEA was operating at a loss and racking up a significant bank overdraft. A fund raising surely must be on the cards.
I reckon that a Barryroe farm out is SEA's only short term salvation. Can PVR pull off a successful farm out of Barryroe? If they can then the LOGP share price could rise significantly giving a boost to the SEA share price and even a possible chance to offload their LOGP share stake. Clutching at straws, I accept, but miracles can happen. |
Digger - thanks very much for that. I'd more or less decided they were the one, but was looking for any horror stories before going for it.
Given Selftrade's current performance, I'm dreading the transfer process. Wrote to them regarding the non-payment of a divi and it took them 6 days to reply.
The actual divi payment took them 13 days. |
The SEA investors motto:
"When you find yerself in a hole, best keep digging" |
"Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.” |
Wondered when the shouting would start....
Maybe English isn't your first language but I've never met anyone who impressed me in an argument by raising their voice |
OPERATING LOSS = £881k for the 6 months ending 30/6/15. That's what the latest SEA a/c's state.
Explain to me, Stockriser & Reesyheli how SEA can be generating cash at an operating level if the latest a/c's SHOW SEA MADE AN OPERATING LOSS OF £881k!! |
SEA is losing cash hand over fist. READ THE LATEST BALANCE SHEET. The OPERATING LOSS for the 6 months ending 30/6/15 was £881k. Turnover of CONTINUING OPERATIONS was £1.838m. Cost of sales were £1.692m. OPERATING expenses were £836k.
Maybe it's just me but if I was going to start lecturing someone at least I'd learn to read a balance sheet first!!
TURNOVER of CONTINUING OPERATIONS = £1.938m. COST of SALES = £1.692m. OPERATING EXPENSES = £836k. OPERATING LOSS = £881k. All companies have operating expenses. They include admin costs, directional costs and promotional costs
HOW IS THAT GENERATING CASH AT AN OPERATING LEVEL??!!
SEA is losing cash hand over fist at an operating level. The figures contained in the latest Balance Sheet prove it. That's why SEA had a Bank Overdraft of just £22k at 31/12/14 and had a Bank Overdraft of £461k at 30/6/15. Who knows what the Bank Overdraft is now!! |
Reesyheli
11 Nov'15 - 15:48 - 31841 of 31843 0 0
Maybe it's just me but if I was going to start lecturing someone at least I'd learn to read English first.
Unless I'm seriously mistaken R2S are generating plenty of cash right now.
Unfortunately it's all being spent on Directors salaries and assorted freebies meaning the company isn't actually generating any PROFIT.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Firstly I can read English. Secondly if the cash is being "spent on Directors salaries and assorted freebies" THEN IT'S NOT GENERATING CASH!! NAME ME A COMPANY THAT DOESN'T HAVE DIRECTORS?
SEA is losing cash hand over fist. READ THE LATEST BALANCE SHEET. The OPERATING LOSS for the 6 months ending 30/6/15 was £881k. Turnover of CONTINUING OPERATIONS was £1.838m. Cost of sales were £1.692m. OPERATING expenses were £836k.
Maybe it's just me but if I was going to start lecturing someone at least I'd learn to read a balance sheet first!! |
I have no blood, but I am bleeding to death - talk about ambiguous statements! |
Reesy, exactly my point - Pap needs to know the difference between generating cash, and profit. He is implying that SEA are not making any cash at all. |
Maybe it's just me but if I was going to start lecturing someone at least I'd learn to read English first.
Unless I'm seriously mistaken R2S are generating plenty of cash right now.
Unfortunately it's all being spent on Directors salaries and assorted freebies meaning the company isn't actually generating any PROFIT.
PS
Dring Dring ... Dring Dring
"Hello, my name's Ron and I'm looking for a decent broker"
"Oh yes sir indeed we can help, may I ask what shares you currently hold?"
"SEA and LOGP"
brrrrrrrrrrrrrrr
"Hello, Hello.....?" |
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