"Pap, living in Carlisle you have to be an optimist :-("
You have my sympathies, Stockriser. Never experienced flooding, but I can imagine it is a devastating experience. |
 I'm viewing this post as more of a cathartic experience rather than to bring anything new or valued to the discussion.
I've now completely exited from SEA. It's a shame as I believe that the R2S technology offers potential however to fully realise that potential, the company needs to invest in this technology. To do that, SEA needs the capital available and the management foresight to see where this technology can be taken.
Capital will be hard to come by over the next 12 months given the huge head wind that SEA's main clients face with the oil price. Oil companies themselves are struggling with cash flows and these problems are getting passed on into the supplier market. To preserve cash flows, many companies are cutting capital expenditure and that currently includes projects that could potentially reduce future cost. This sounds counter productive, but is a sign of the times in the oil industry.
SEA's current balance sheet is also cause to believe that they will not be able to fund investment from reserves. As has been pointed out, they may be lucky to survive the next 12 months without some form of placing.
Broadly I have agreed with SEA's business ventures however the implementation of those plans by the management have been poorly thought out. Exiting the oil legacy assets was sensible to focus on renewable but still, to this day, the company has legacy assets. These distract attention and have been valued ever lower. The management should have sold out when they took the decision and used the cash to invest properly into the renewable business. LOGP only had a slim chance of success even with oil prices much higher than they are today. Now it has no chance.
I also supported the 'walk to work' business. Having been involved in offshore wind, I saw the value of this proposal. However, they hoped to win work without any tangible experience of marine activity and this was a major failing. SEA should have used the money raised from the sale of the legacy assets to purchase at least a small marine business offering services to offshore installations. This would have proven invaluable in the tendering process. It would also have provided a far better link into the Marine business that they did set up...
The value of R2S lies not just in the initial capture, but also in potential value adding service post capture. I see no ideas or investments in this space. This may be limited for forensics however the opportunity within O&G is large and would create a regular revenue stream. SEA need to rapidly develop this but we return to my original point - where is the investment?
SEA are allowing R2S to stand still and in today's technology driven world, they will lose their competitive advantage quickly. I hope that this does not happen and that SEA can turn things around however based upon the current scenario, I struggle to see how they can move forward with developing value adding revenue and innovating the product. |
Pap, living in Carlisle you have to be an optimist :-( |
All well and good, Stockriser, but how much turnover (and hence profit) will SEA generate from this extra forensic business? You're a perennial optimist, whilst I'm more pessimistic. |
We know who this is then...... |
Don't know how this did not come up in my notifications this morning.....
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08/12/2015 7:00am
RNS Non-Regulatory
TIDMSEA
SeaEnergy PLC
08 December 2015
SEAENERGY PLC
Strategic Partnership for R2S Forensic
R2S Forensic, a division of Return To Scene Ltd, a wholly owned subsidiary of SeaEnergy PLC, has agreed a strategic partnership with SceneSafe, part of WA Products. The agreement is for the international deployment of a full range of forensic solutions.
Recognised globally for its award winning crime scene management and security planning software 'R2S' and a range of bespoke forensic services, R2S Forensic will work in tandem with SceneSafe, one of the leading suppliers of forensic solutions to UK and international clients, to offer cutting edge forensic products and services worldwide.
Adam North, International Sales Manager for SceneSafe said:
"This agreement positions SceneSafe as the 'one stop shop' for high-quality products and services in the forensic space. The R2S system is already in use in the UK, US, Canada, and EU markets where it is used by police forces and strategic players in this field and we look forward to working with them to achieve even more success."
Sean Huff, Principal Consultant who leads for R2S Forensic went on to comment:
"The R2S Forensic team is excited to be working with SceneSafe to deploy a full range of high quality forensic solutions to clients internationally. The combination of skills and experience of our two organisations means that we will be able to better serve our clients with more efficient and tailored solutions. SceneSafe is a trusted, longstanding partner to many domestic and international police forces and an ideal strategic partner for R2S Forensic."
SceneSafe and R2S Forensic will work to promote the products and services of each organisation, delivering complete forensic solutions to their international clients. |
All good in the hood then ....... Thanks for that JJ
Eagle is owned 100 per cent by The Company [Seaenergy] and has royalty interests in a number of North Sea blocks. Whilst none of the blocks are currently producing, two have had hydrocarbon discoveries drilled on them. Our UK royalty interest in Block 21/8a, containing the Scolty discovery, still awaits submission of a Field Development Plan. |
Saw that." Scolty/Crathes: The Scolty/Crathes field development plan has been approved and sanctioned. The project benefits from limited cash capital expenditure until first oil in 2017 and extends field life for the GKA field. Including this field life extension, unit capital costs for the project are under $20/bbl. Unit operating cost should be under $15/bbl in the initial peak volume years." |
News about one of our legacy assets from Enquest this morning. |
The future is looking very, very, bleak for SEA. |
Tailender
Posts: 166
Off Topic
Opinion: No Opinion
Price: 3.875
The wisdom of the wise.......Today 17:29"Experts" tell us that you should sell your losers but let your winners run. Bought SEA at 24p, saw it rise to over 40p and held on for greater gains. Next time some one tells you to let the winners run, just say "Sea Energy". Do I sound bitter.................?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I think the idea is you let your winners run, BUT HAVE A STOP LOSS IN PLACE for when it falls back. |
I see one of Ramos biggest successes on the news tonight , Azerbaijan Oscar oil platform on fire in the very field remp sold for a small fortune to socar .what a fall from those days . Just colas they changed the name although think they should consider that again soon . I can think of a few that would fit this lot lol |
The only people who make any money out of the vast majority of AIM shares, bones, are the promoters, BoD, advisors, brokers and all the over hangers on; oh and of course the pumpers & dumpers who populate these boards!! |
So do I . sitting in Weymouth after great day in swanage and corfe. Off out to a meal in Weymouth s finest Indian :) all thanks to not investing lol |
Rich well at least someone listened :) might sound like im just going on about the negatives but the aim is to stop people investing and losing and has been for some time for me . I've learnt the best way to make money is not invest , certainly for the last 5 years or so anyway. Sea like so many others is destined to fail , greedy inept management like the majority of aim shares .
Always good to here that I've saved someone a few quid just wish more had listened. |
Summit offers decom strategies during ‘dead-money gold rush’
“This year’s Summit will be a crucial opportunity to tap into the best and latest thinking on new technologies and strategies, both for operators and service providers, to make the most of a challenging situation.”
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Did'nt JAW also say something like this "Never waste a good crisis"
R2S to the rescue then !! - Lets hope Jacky Power is doing a good job over in Houston |
Very true, richpassi. |
Bones if your ears were burning earlier it was me talking to my mate at work, I was saying how I wished I had listened to you earlier than I did ! and I hope some read your comments the other day and stopped themselves buying into the rise, think a lot of people have learnt a lot this year :( but if they have learnt that's a good thing :) I'm looking forward to a weekend away in Dorset, how come I can afford it , even though self employment is a bit quiet at the moment......its because I haven't visited Halifax Share Dealing site for over 4 months. |
Yes, bones698, the recent spike up was a definite bull trap. That £10k buy could have been someone closing a short as I said at the time.
SEA is burning cash and now has sizeable debt. How will it generate the cash to pay the interest on that debt? How will it generate the cash to repay the debt when it's due? Definitely a bargepole stock. Cash is KING. How is SEA going to generate cash? |
Predictable , I just hope nobody falls for these false spikes. Bent market makers trying to shaft people every chance they get . To those already in I'd suggest selling out on them and using them to either get out at a better price or trading them so you can buy back in lower although why you would want to be in here is another matter lol |
All in the timing tbh remp did well selling up when he did by the looks of it although what followed was a disaster . This lot make the muppet show look like class management lol
Perhaps they can sue for copyright infringement on that photo , would probably bring in more money than r2s tbh |
Cheeky barstewards, nicking our photo!
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Renewable Energy Generation (LON:WIND) has agreed the sale of its wind and solar business to a fund run by Blackrock.
The green power group flagged up the sale in October and Blackrock will pay £64.5mln, in line with the price indicated then.
Shareholders will get the proceeds through a 60p per share distribution to be paid in January, with a possible additional 0.3p once all the ends are tied up.
The remaining biomass operations are to be sold to REG’s management, after which the company will be liquidated.
REG blamed policy changes announced by government in June for the decision to sell up.
In their own right, closure of the Renewables Obligation (RO), reductions to the small scale wind feed-in tariff (FIT), elimination of onshore wind from feed-in tariff contracts for difference (CFD FIT), stricter planning policies and elimination of the climate change levy (CCL) exemption would have been major blows, it said.
“Taken together, the impact is profound.”
Shares rose 8% to 58.8p. |
This log chart shows that the upper Bollinger Band has acted as intraday resistance as it did in early October after a similar rise. bones698 is probably correct; this is likely to be a suckers rally without any solid foundation.
free stock charts from uk.advfn.com
This longer term chart shows that SEA has been a sell ever since the 50 day EMA crossed below a falling 200 day EMA. This happened BEFORE the PoO collapsed following the OPEC meeting of 26th November 2014. I reckon savvy investors and those in the "know" have been selling and shorting SEA for over a year. I think the chart has picked up on that. We have to accept that we are ignorant small PI's; there are more "knowledgeable" investors than us. There was a rally earlier this year on small volume (rather like today), but the share price never closed above the 200 day EMA and it soon fizzled out.
free stock charts from uk.advfn.com
EDIT: Nothing goes down in a straight line. Traders can still make money in the short term even if a share is in a marked downtrend. PVR shows that when the PVR share price went from 12p at the start of October to 25p within 3 weeks before falling back down again to earth. LOGP has shown that this year as well. Both PVR & LOGP have been in steep downtrends since early 2013. |
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