I think those buying at over 6p this morning could soon regret their decision, Stockriser. No one has got the foggiest idea of how much revenue and potential profit (if any) this latest deal could generate. Also what's the size of the potential market? Until the collapse in the PoO, SEA saw their best chance of growth with their products in the offshore oil industry.
SEA must be very low on cash and, according to recent a/c's are racking up debt. Is this latest deal bringing in cash upfront? No mention of that in the RNS. Also no mention of likely revenue to be generated by this contract.
I wouldn't be tempted to buy SEA shares at the current price and I've an idea that FAST wouldn't touch SEA with a bargepole, bwtfdik? |
Pap, maybe FAST should pile in here ....lol
That's not meant to be sarcasm BTW
GL SR |
Stockriser... Thanks. |
That's some rise after yesterdays RNS!! Perceived good news and a bombed out share with a low Mkt Cap and not many shares in issue can almost double in the blink of an eye as the optimists pile in!! Which way for the share price from here? Up towards the 200 day EMA or will the rise soon fizzle out? I think the latter, bwtfdik?
I wouldn't be buying now, bwtfdik? But good luck to those who are! |
Not billions like most other AIM Co's - hence when this gets going its fast and furious ;-)
---------------------------------------------------------------
Share Capital
Updated 4 December 2015
Total ordinary 10p shares in issue 56,364,823
Directors and Significant Shareholders Stephen Remp (former director) 4,203,272 7.46%
L C Capital Master Fund 4,018,836 7.13%
Steven Bertram (director) 2,230,133* 3.96%
Louise Warner 2,005,000 3.55%
Kieran Mahon 1,774,663 3.15%
John Aldersey-Williams (director) 1,769,596* 3.14%
Christopher Moar (former director) 420,932* 0.75%
David Laing (director) 80,000 0.14%
David Sigsworth (director) 60,000 0.10%
Shares not in public hands 10,432,400
SAYE share options in issue 196,376
In addition there are 5,000,000 warrants in issue with an exercise price of 10p per share expiring 24/11/2020.
LC Capital Master Fund 2,500,000 4.4%
Davies Newman Property Ltd 2,500,000 4.4%
The Company holds no shares as treasury shares. |
How many shares in issue? |
I originally came in at 28P many moons ago.....it could go back...eventually |
nice to see some positive news and now 2 days of raises |
 I'd agree with you Stockriser, Security is a buzz topic at the moment and given the forensic aspect, SEA could begin to build out into this area. I don't believe that Forensics will ever be more than a low margin regular revenue stream however security could generate significant growth. It would require a partner to enable this and capital to invest into their software.
Security spans a wide range of issues from short term measures such as conferences (Davos) to permanent installations (airports, container terminals, processing plants etc). By linking the core attributes of their existing solution to key security requirements, you would have a powerful offering. Imagine being able to track personnel around a photo realistic map? Or virtually positioning fences, security gates and personnel to ensure the best protection before spending the money? Many of the security needs would also be backward compatible into the HSE world of the O&G sector where they have clients already.
But SEA need to advance quickly as technology is developing. Without investing they are running the risk of being superseded. The question is where will the money come from to invest? |
Like I said the recently - "SECURITY" is the buzz word!! |
Interesting RNS. I wonder what the expected turnover and profit margin (if any) is on this kind of deal and will it lead to similar deals? I still think a placing is on the cards here because cash must be running out in the short term. Debt must also be increasing. Will todays RNS push up the share price to enable a placing (if there is one) to be got away? I wish I knew!!
I have no idea where the share price is going in the short term. The 200 day EMA is currently around 9.5p. The last time the SEA share price met the 200 day EMA as resistance was back in early March when the share price was circa 29p. Will todays rise fizzle out, or will it continue up to the 200 day EMA as resistance? Oh to have a crystal ball!!!! LOL. |
Is this the turn-a -round?.. Jack Jebb.. I was the one that complained to Remp that having now moved into the Wind turbine game, they should move out of the OIL and Gas sector and move to Electricity.....which he duly obliged...All it takes is one Email. I agree with you that they are now, yet again, in the wrong sector. Good Luck all. |
COMS - Strong finish, looks like a good bounce north from here.
DYOR etc. |
Get ready for an RNS from JAW stating that although he expected the share price to rise a little on the latest news, he knows of no reason why it should have risen so much. |
LOL!
I better not say anything, as I am a prize muppet number one who is to be ignored at all costs. |
WAKEY, WAKEY you lot, it's not every day that SEA is up 46% LOL.
PLUS - TOP of the leader board FFS!!! |
A tiny sliver of "good" news for once, and nothing to do with plant/flower pots. |
God help us. Let's call it Sherlock Bones???????
JJ, do us all a favour and philyourboots with concrete
and go for a long swim.
No offence intended to my good friend and fellow sufferer philmiboots............ |
 SEA, which is a name that really should be changed, is currently focusing more and more on forensic. Given the carnage in the oil industry, it makes absolute sense to widen their net and keep the revenues up as much as possible.
The fact that the licences for R2S VAM have been renewed by all of their clients, shows that its still being used by the oil majors, but obviously new contracts in that sector will be hard to come by with their clients cutting costs to the bone.
The technology R2S has is still unique, and using it in other areas is very sensible imo. Forensic and security is not a seasonal business, at the mercy of commodity prices, so if they can build that side up, it will help ease the financial pressure that all oil service companies are under, and put them in a much stronger position for when the upturn happens.
If I was the CEO there, I'd be badgering the home office to capture all Government buildings, for obvious reasons. Similarly, I'd be contacting all places where large crowds meet, like Wembley Stadium, Twickenham, the Royal Albert Hall etc. The potential is pretty limitless for this technology, but the question is whether the incumbent management have the skill, hunger and dedication to utilise it.
We havn't heard any further news on the nuclear job, which is another obvious area for them. Its fair to assume anything related to nuclear is bound by confidentiality, but some form of contact from the board to their long suffering shareholders wouldn't go amiss.
The whole company is currently valued at about £2m. |
another plant pot coming lol , r2s is going to suffer in the last 12 months and coming year , sea are already borrowing cash and no sign of things improving will mean the cash call will cone and at ever lowering shareprice . how long before they admit this or are they going to let things get so bad it could be forced into admin ? with this lot anything is possible except a profit lol |
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