Seascape Energy Asia Share Discussion Threads

[papillon] 04/3/2016 16:57

Stockriser
23 Feb'16 - 14:31 - 32056 of 32098 0 0


Pap - I think it's LOGP that's desperate for the farmout! Admittedly though, LOGP will have a more significant rise on that news, that's if they are not sold prior to a farmout ;-)

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No, I was right, Stockriser and you were wrong (yet again!) It's SEA that was more DESPERATE for the farm out (though LOGP needs that farm out news and fast as well!)

[bones698] 04/3/2016 16:29

Ron they can delay up to 2 hours and put them through at the current time the trades you are referring to are ones outside that window, they are con artists all designed to screw pi's.

Rich no worries just glad a few listen now and then I'm not as daft as some think lol

[wantmorethan24p] 04/3/2016 15:07

feel sorry for holders here.i was a holder here once got out in the 20s.
if anyone wants to try and recover their losses take a look at genel energy it could multi bag easily but as always no advice intended do your own research.

[richpassi] 04/3/2016 15:03

Bones I would willingly buy you a pint, and I reckon the Mrs would buy you a couple too, what with you in one ear and her in the other I am in remission from the evils of aim :) well apart from what I left riding on...... Harry Stratford !

[largeronald] 04/3/2016 14:30

Bones - you can usually tell when they're doing that because the times of the transactions are out of sequence - the time is usually delayed so as to show it as a buy/sell against the current time rather than the time of the transaction.

The transactions all appear to be in order so far today.

[bones698] 04/3/2016 14:14

Ron after all this time I thought you would have caught onto the way things like that are manipulated. They report them at different times to make it look that way. Get the tenagents out lol

[largeronald] 04/3/2016 13:47

Sudden flurry of buys - if ADVFN is to be believed, the buys outweigh the sells today.

Very strange.

[papillon] 04/3/2016 13:39

Stockriser
23 Feb'16 - 16:19 - 32058 of 32088 0 0


Aye, a large overdraft, but they do have revenue coming in! How much CURRENTLY nobody knows, unless of course you are in the know ...lol

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LOL. LOL.

[bones698] 04/3/2016 13:17

Ron I think 10m is nowhere near what they will get tbh. They grossly overpaid buying it at its peak and now in a sector that's in dire straits and a business that isn't generating anywhere near what it used to I think 3 to 4m is optimistic. Given its a fire sale to they might be lucky to get that imo. Sorry to be the voice of doom but 10m your dreaming. Rich u owe me a pint lol.
Yes I have been here since the beginning and looks like I'll see the end too. Without remp this was doomed
They way I see it is get a few million for r2s. Which replays the loan, drag it out another 12 months paying wages and redundancies then wrap it up potless.
Logp. Will get shafted on any deal now and won't add any real value that sea could realise. Dumping their shares into the market would kill any share price Rise so fast it's a non starter

[iamnoone] 04/3/2016 12:21

If there is fund raising with this train wreck then the BoD should resign and let someone who is more capable of running the business.

I have written this investment off. Any upside is just a bonus.

[pete_edwards] 04/3/2016 11:49

RNS OUT: SeaEnergy PLC announced as Finalists in the worst run business ever awards.

[richpassi] 04/3/2016 11:04

ps doesn't need to be a good vet !

[richpassi] 04/3/2016 11:03

egm to be called for ! I would ask for a good vet to put the board down,less costly and more efficient

[largeronald] 04/3/2016 11:02

Ceph - Stewy tried that - couldn't get the support...

JAW has said that the sale will need one anyway, but it depends whether we get to choose the buyer from a list, or simply vote on whether to sell or not.

I suspect the latter.

[cephalosaurus] 04/3/2016 10:58

Yes, me too. I feel that the management were trying their best to invest shrewdly, but had their fingers in too many big pies and have a habit of investing in areas in which their knowledge falls way short of the mark. Remp was a bit of a buccaneer and an entrepreneur with a vision. It was impossible for the others to emulate. They were all hanging on his coat tails. But I do not believe they have done this on purpose, and I don't think they are in it to screw over PI's. There is a bit of greed and they will now be selecting the life raft for themselves first, so that is why an egm should be called..

[largeronald] 04/3/2016 10:51

Ceph - I, for one, have difficulty in understanding what SEA's business model actually is since Rempy left.

[largeronald] 04/3/2016 10:47

If the sale of R2S were conducted honestly, there should be no reason imo why it shouldn't make at least what we bought it for i.e. £10m. That's obviously as long as the "assets" of the company don't include the board of SEA.

[cephalosaurus] 04/3/2016 10:44

Larger, the BoD milked R2S dry because they got greedy. What is actually a sound business, has been pumped up to people here to something bigger than it can be to service the Seaenegy business model. And they got unserviceable oil industry style loans which R2S now has no hope of paying off in the near term.

[largeronald] 04/3/2016 10:27

It would be obvious to any potential buyer of R2S that the problem is the SEA directors milking it dry - without them, it is fundamentally a good business even with the current lack of oil based revenue. Once the price of oil recovers, it should fly.

I have voiced my fears on here before about a management buyout for peanuts after JAW trashing the share price. The difficulty would be proving he did it on purpose.

The RNS mentions they've got rid of the ship management business. First I've heard of it - did I miss the announcement? What did they get for it?

edit: a large number of buys this morning considering the news.