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SQZ Serica Energy Plc

154.10
-0.60 (-0.39%)
Last Updated: 12:45:53
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Serica Energy Plc SQZ London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.60 -0.39% 154.10 12:45:53
Open Price Low Price High Price Close Price Previous Close
156.00 152.50 156.00 154.70
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Serica Energy SQZ Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
10/09/2024InterimGBP0.0924/10/202425/10/202421/11/2024
24/04/2024FinalGBP0.1427/06/202428/06/202424/07/2024
19/09/2023InterimGBP0.0926/10/202327/10/202323/11/2023
13/04/2023FinalGBP0.1429/06/202330/06/202327/07/2023
30/06/2022InterimGBP0.0827/10/202228/10/202225/11/2022
21/04/2022FinalGBP0.0930/06/202201/07/202222/07/2022
15/04/2021FinalGBP0.03524/06/202125/06/202123/07/2021
23/04/2020InterimGBP0.0325/06/202026/06/202024/07/2020

Top Dividend Posts

Top Posts
Posted at 05/12/2024 17:26 by elsa7878
Fandagle - appreciate your expertise. Having direct knowledge of the asset is incredibly helpful. Thank you for sharing your insights.

Just one question. Why were you positive previously then knowing it was a liability?

Fandagle - 05 Dec 2024 - 07:37:45 - 7357 of 7366 Serica Energy mobile chart - SQZ
Triton maintenance is a shambles! It always has been! I was involved with the GE Turbine control upgrade's many years ago & the place was ran like an episode of Faulty Towers ! The compressors are old and require a Retrofit upgrade to reliable dry gas seals! Why are they changing the same unreliable seals running the risk of repeated failures especially during start up! And if it’s a slow roll issue with the Turbine/compressor speed they will trash the spare seals as well, this happens when the seal surfaces are the incorrect grade, basically the seals don’t separate and grind together, then they are Fekd!
Fandagle - 26 Nov 2024 - 07:32:36 - 7326 of 7366 Serica Energy mobile chart - SQZ
The Triton is a liability now, the money invested in this rust bucket over the years is astounding. Taking months to change a Tandem seal is tardy at best, I've been on the Triton and was not impressed at best.
Fandagle - 15 Nov 2024 - 17:18:05 - 7307 of 7366 Serica Energy mobile chart - SQZ
Building up a nice portfolio at these prices, believe me this Government are worse than Truss, it’s only a matter of time before the money folk put them in line or they will toast.
Fandagle - 03 Nov 2024 - 14:59:09 - 7287 of 7366 Serica Energy mobile chart - SQZ
Can’t believe the price here, didn’t think I would ever get this opportunity to invest here at these prices. The screw will turn when they realise Muppetband is a total Buffoon and they reverse the WFT, by that time SQZ will own half of the N/S
Posted at 26/11/2024 07:50 by ashkv
From Surprised on the other forum ->

Broker note out ...Today 07:23
While our YE24 net has increased, we note UK gas prices (NBP) now stand at ~£1.20 per therm. With Russia cutting gas supplies to Austria, the fundamentals for UK gas prices in the near term are very strong. Serica continues to be committed to significant dividend returns. All else being equal, we continue to forecast >16% dividend yield for 2024. • We re-iterate our target price of £2.90 per share.

we forecast that Serica could generate ~US$500 mm of operating cashflow (post tax and interest) next year. Even assuming FY25 capex in line with FY24 (US$270 mm), this would lead to US$230 mm free cash flow. This leaves ample running room to fund a dividend at current levels (~US$115 mm) and/or make acquisitions. The new fiscal terms stability in the UK has generated multiple opportunities for the company.

Compressor at Triton back on line • The first compressor at Triton has been repaired and the platform is expected to be back online this week. This represents a few weeks’ delay but the restart will boost production materially.

With the recent addition of the B6 well (>5 mboe/d net), total production was already over 50 mboe/d on 2 October. Since then, the Gannet GE05 well has been tied-in and the EC1 well (Guillemot NW field) has reached TD (first production in 1Q25). Overall, we forecast that Serica could produce ~48 mboe/d in 1Q25

Valuation We have reduced our Brent price forecasts in 4Q24 and 1Q25 from US$80/bbl to US$75/bbl but have increased our NBP forecasts from £0.94/sh to £1.10/th in 4Q24. As we incorporate the later production restart at Triton, our Core (2P) NAV and ReNAV are broadly unchanged at ~£2.44 per share and £2.84 per share.

All else being equal, we continue to forecast >16% dividend yield for 2024. • We re-iterate our target price of £2.90 per share
Posted at 26/11/2024 07:48 by ashkv
Shunted out Serica Ex-CEO Mitch Flegg should be sued and criminally investigated to determine if there was a side-deal for the TailTrash Acquisition - the lemon of all lemon deals continues with its nightmare RNS factory!!!

18% 2025 Expected yield at a share price of 131p!!!

If new CEO sorts out Operational Issues - SQZ is a steal :)



SP-> 130.40p
SQZ Current Share Price vs 52 Week low of 110.4p on 10 Sep 24-> 18.12%
SQZ Current Share Price vs 52 Week High of 242.4p on 27 Dec 23-> -46.20%
Brent-> $73.20
British Gas Prices (Next Month)-> £118.00
Shares Outstanding-> 390,426,423
GBPUSD-> 1.255
MarketCap GBP-> £509,116,056
MarketCap USD-> $638,940,650
Cash USD (30 Sep 24)-> $258,000,000
Debt (USD) (30 Sep 24)-> $231,000,000
NET CASH (USD) (30 Sep 24)-> $27,000,000
NET CASH % of SP/Market Cap-> 4.23%
Net Cash Component of SQZ Share Price-> 5.51p
Enterprise Value (In USD)-> $611,940,650
2024 Re-Revised Down Mid-Guidance Production [2024 Guidance Down To 37kbpd from 41-44kbpd]-> 37,000
SQZ Average Production Up Till Q3 204 (30 Sep 24) -> 37,800
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel Nov 2024 Re-Revised Down 2024 Guidance Production -> $16,539
EV/Barrel SQZ Average Production Q1-Q3 2024-> $16,189
EV/Barrel Actual Average 2023 Production-> $15,252
Decommissioning Provision (Per HY 24 Results)-> $133,200,000
EV/Barrel Revised Down Mid-Guidance 2024 Production including Decommissioning Provision-> $20,139
(9p+14p) 2024 Full Year Expected Dividend Yield-> 17.64%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 20.58%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $4.37
Tax Losses to offset tax payables (Half Year 2024)-> $1,000,000,000
Posted at 21/11/2024 18:36 by spawny100
Thanks for that tipoff LG! Ith has somehow fallen off my radar recently. Think I'll put my SQZ dividend in there tomorrow!
Posted at 10/9/2024 10:24 by ashkv
Updated with net cash lower as of 4 September 24 given payment of 2023 Final Dividend [As per 10 Sep 24 presentation]

SP-> 111.10p
SQZ Current Share Price vs 52 Week low of 111.1p on 10 Sep 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -59.00%
Brent-> $71.60
British Gas Prices (Next Month)-> £89.50
Shares Outstanding-> 390,457,635
GBPUSD-> 1.310
MarketCap GBP-> £433,798,432
MarketCap USD-> $568,275,947
Cash USD (4 Sep 24)-> $262,000,000
Debt (USD) (4 Sep 24)-> $231,000,000
NET CASH (USD) (4 Sep 24)-> $31,000,000
NET CASH % of SP/Market Cap-> 5.46%
Net Cash Component of SQZ Share Price-> 6.06p
Enterprise Value (In USD)-> $537,275,947
2024 Revised Down Mid-Guidance Production [2024 Guidance 41-44kbpd]-> 42,500
SQZ Average Production Half Year 2024 (30 June 24) -> 43,700
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel Revised Down 2024 Mid-Guidance Production -> $12,642
EV/Barrel SQZ Half Year 2024-> $12,295
EV/Barrel Actual Average 2023 Production-> $13,391
Decommissioning Provision (Per HY 24 Results)-> $133,200,000
EV/Barrel Revised Down Mid-Guidance 2024 Production including Decommissioning Provision-> $15,776
(9p+14p) 2024 Full Year Expected Dividend Yield-> 20.70%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 24.16%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $3.84
Tax Losses to offset tax payables (Half Year 2024)-> $1,000,000,000
Posted at 10/9/2024 07:16 by ashkv
Finance 101/PE 101 - SQZ with relatively inexpensive financing unless SQZ undertake a deal that has metrics of EV/Flowing Barrel or EV/2p lower than SQZ share price at 150p (unlikely) than it makes sense to take on short term debt to undertake a tender offer.

Will be far more accretive to shareholder value over the longer term!!!

For example dividend yield is 15% FIFTEEN PERCENT at a share price of 150p and expected 2024 dividend 9p+14p

With future such flows being allocated to shareholders who wish to retain ownership in SQZ!!

oilinvestorAl10 Sep '24 - 08:07 - 7011 of 7016

“At this sort of share price even a $150mn Tender Offer at 150p makes sense!!!”

———;-
Erm they don’t have the cash to do a $150m tender offer ! Read the balance sheet. Add to that the ongoing LWI campaign and extensive drilling campaign capex + the H2 weighted tax and dividend payments.

There was a reason why the emphasised that cash out flows were going to be heavier in H2…. To address this question !
Posted at 10/9/2024 07:09 by ashkv
20% dividend yield with a share price of 114p and almost 24% Net Payout Yield (Including Buybacks announced so far)

SP-> 114.00p
SQZ Current Share Price vs 52 Week low of 112.25p on 10 Sep 24-> 1.56%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -57.93%
Brent-> $71.60
British Gas Prices (Next Month)-> £89.50
Shares Outstanding-> 390,457,635
GBPUSD-> 1.310
MarketCap GBP-> £445,121,704
MarketCap USD-> $583,109,432
Cash USD (30 June 24)-> $362,000,000
Debt (USD) (30 Jun 24)-> $231,000,000
NET CASH (USD) (30 Jun 24)-> $131,000,000
NET CASH % of SP/Market Cap-> 22.47%
Net Cash Component of SQZ Share Price-> 25.61p
Enterprise Value (In USD)-> $452,109,432
2024 Revised Down Mid-Guidance Production [2024 Guidance 41-44kbpd]-> 42,500
SQZ Average Production Half Year 2024 (30 June 24) -> 43,700
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel Revised Down 2024 Mid-Guidance Production -> $10,638
EV/Barrel SQZ Half Year 2024-> $10,346
EV/Barrel Actual Average 2023 Production-> $11,269
Decommissioning Provision (Per HY 24 Results)-> $133,200,000
EV/Barrel Revised Down Mid-Guidance 2024 Production including Decommissioning Provision-> $13,772
(9p+14p) 2024 Full Year Expected Dividend Yield-> 20.18%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 23.55%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $3.23
Tax Losses to offset tax payables (Half Year 2024)-> $1,000,000,000
Posted at 10/9/2024 06:46 by ashkv
SP-> 112.60p
SQZ Current Share Price vs 52 Week low of 112.6p on 10 Sep 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -58.45%
Brent-> $71.60
British Gas Prices (Next Month)-> £89.50
Shares Outstanding-> 390,457,635
GBPUSD-> 1.310
MarketCap GBP-> £439,655,297
MarketCap USD-> $575,948,439
Cash USD (30 June 24)-> $362,000,000
Debt (USD) (30 Jun 24)-> $231,000,000
NET CASH (USD) (30 Jun 24)-> $131,000,000
NET CASH % of SP/Market Cap-> 22.75%
Net Cash Component of SQZ Share Price-> 25.61p
Enterprise Value (In USD)-> $444,948,439
2024 Revised Down Mid-Guidance Production [2024 Guidance 41-44kbpd]-> 42,500
SQZ Average Production Half Year 2024 (30 June 24) -> 43,700
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel Revised Down 2024 Mid-Guidance Production -> $10,469
EV/Barrel SQZ Half Year 2024-> $10,182
EV/Barrel Actual Average 2023 Production-> $11,090
Decommissioning Provision (Per HY 24 Results)-> $133,200,000
EV/Barrel Revised Down Mid-Guidance 2024 Production including Decommissioning Provision-> $13,603
(9p+14p) 2024 Full Year Expected Dividend Yield-> 20.43%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 23.84%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $3.18
Tax Losses to offset tax payables (Half Year 2024)-> $1,000,000,000
Posted at 24/7/2024 11:37 by ashkv
New 52Week/Multi-Year Low 128.70p today

Net Payout Yield (Buybacks + Dividend) = 21%

SP-> 128.70p
SQZ Current Share Price vs 52 Week low of 132.2p on 24 July 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -52.51%
Brent-> $82.00
British Gas Prices (Next Month)-> £75.50
Shares Outstanding-> 390,457,635
GBPUSD-> 1.290
MarketCap GBP-> £502,518,976
MarketCap USD-> $648,249,479
Cash GBP (26 Jun 24)-> £301,600,000
Cash USD (26 Jun 24)-> $389,064,000
Debt (GBP) (26 Jun 24)-> £182,000,000
Debt (USD) (26 Jun 24)-> $234,780,000
NET CASH (USD) (26 Jun 24)-> $154,284,000
NET CASH % of SP/Market Cap-> 23.80%
Net Cash Component of SQZ Share Price-> 30.63p
Enterprise Value (In USD)-> $493,965,479
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [Year to 23 June 2024]-> 43,781
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $11,488
EV/Barrel SQZ YTD Production [Year to 23 June 2024]-> $11,283
EV/Barrel Actual Average 2023 Production-> $12,312
Decommissioning Provision (Per FY 23 Results)-> $150,323,700
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $14,983
(9p+14p) 2024 Full Year Expected Dividend Yield-> 17.87%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 20.86%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $3.53
Posted at 16/7/2024 11:03 by ashkv
52 Week Low Yesterday 15 July 2024 at 132.2p

At 100p SQZ would be trading cheaper on most metrics than shaky ground Kurdistan oilers - GKP / GENEL!!! And net cash would comprise 31% of share price!!!

SP-> 100.00p
SQZ Current Share Price vs 52 Week low of 132.2p on 15 July 24-> -24.36%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -63.10%
Brent-> $83.80
British Gas Prices (Next Month)-> £76.00
Shares Outstanding-> 390,457,635
GBPUSD-> 1.295
MarketCap GBP-> £390,457,635
MarketCap USD-> $505,642,637
Cash GBP (26 Jun 24)-> £301,600,000
Cash USD (26 Jun 24)-> $390,572,000
Debt (GBP) (26 Jun 24)-> £182,000,000
Debt (USD) (26 Jun 24)-> $235,690,000
NET CASH (USD) (26 Jun 24)-> $154,882,000
NET CASH % of SP/Market Cap-> 30.63%
Net Cash Component of SQZ Share Price-> 30.63p
Enterprise Value (In USD)-> $350,760,637
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [Year to 23 June 2024]-> 43,781
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $8,157
EV/Barrel SQZ YTD Production [Year to 23 June 2024]-> $8,012
EV/Barrel Actual Average 2023 Production-> $8,743
Decommissioning Provision (Per FY 23 Results)-> $150,906,350
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $11,667
(9p+14p) 2024 Full Year Expected Dividend Yield-> 23.00%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 26.84%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $2.51

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