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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Serica Energy Plc | SQZ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.80 | -0.56% | 142.90 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 144.00 | 142.40 | 144.90 | 142.90 | 143.70 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 10/09/2024 | Interim | GBP | 0.09 | 24/10/2024 | 25/10/2024 | 21/11/2024 |
| 24/04/2024 | Final | GBP | 0.14 | 27/06/2024 | 28/06/2024 | 24/07/2024 |
| 19/09/2023 | Interim | GBP | 0.09 | 26/10/2023 | 27/10/2023 | 23/11/2023 |
| 13/04/2023 | Final | GBP | 0.14 | 29/06/2023 | 30/06/2023 | 27/07/2023 |
| 30/06/2022 | Interim | GBP | 0.08 | 27/10/2022 | 28/10/2022 | 25/11/2022 |
| 21/04/2022 | Final | GBP | 0.09 | 30/06/2022 | 01/07/2022 | 22/07/2022 |
| 15/04/2021 | Final | GBP | 0.035 | 24/06/2021 | 25/06/2021 | 23/07/2021 |
| 23/04/2020 | Interim | GBP | 0.03 | 25/06/2020 | 26/06/2020 | 24/07/2020 |
| 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-> 112.60pSQZ 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 todayNet 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 132.2pAt 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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