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SQZ Serica Energy Plc

193.00
-0.50 (-0.26%)
19 Apr 2024 - Closed
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
-0.50 -0.26% 193.00 16:35:03
Open Price Low Price High Price Close Price Previous Close
196.20 189.00 197.00 193.00 193.50
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
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 02/4/2024 00:46 by oilinvestoral
Mr scruff : " looking at SQZ through the lens of 188p and a dividend yield of over 12%."---------I agree but I think someone is being presumptuous with the dividend. Rumour in the Deen is the dividend gets reset. Hope I'm wrong but there's balance sheet questions to be answered!
Posted at 27/3/2024 14:59 by mariopeter
Thing is Stemis you will see dividend growth (Mercuria will make damn sure of that) but Oilinvestor knows that Mercuria will have all the cream. KIST was the company for SQZ although I hold neither cause Government will have too much of any profit, cream or no cream. Watch how Mercuria sell more assets to SQZ with cash ripped out of them like Tailwind. Can't see existing management shaking Mercuria. If Mercuria sell SQZ you should too cause that will be top dollar but that will not be for a few years.

I liken SQZ to a beast with a lion chewing it but being very careful not to kill it. One day the lion will stich up the beast , give it a kick and it will look normal. The lion will sell the beast after applying makeup. Tell me what happens the beast after that. (one kidney, a heart, a small brain, half a stomach and cosmetic fat).

Flegg felt Mercuria were going to bring some good deals but Mercuria will keep all the good ones for themselves cause they are ferociously greedy and will bung off skeletons to SQZ.
Posted at 01/3/2024 14:13 by ashkv
It was 26k of gas plus liquids production for SQZ!!!

Moreover, prior to increased windfall tax in Nov 2022 cash post 2022 tax was equal to 205p of SQZ share price - if I recall SQZ cash was this high even after a significant Windfall Tax payment that was made in Oct 2022.

Also SQZ share holders paid 2022 dividends for the shares issued to Mercuria in Early 2023!!! Should be included in the deal cost along with Decom costs!!! Close to USD 1Bn in toto for paltry 15-19k high tax decrepit FPSO production that was hedged for peanuts!!! A scam!!!

2023 dividend to Mercuria shares was in addition to deal costs and not earned from any of their assets - as it accrued from SQZ assets!!!

Let me reiterate the onerous Tailwind 2023/2024 Capex and Decom costs and tragically that the majority of 2023 Tailwind production was hedged at mid 50s Brent...

You should shudder at the Tailwind Deal - not at the low Opex SQZ gas which would still have been hugely profitable and manageable final WFT taxes given the expensive $100mn duster in end 2022

Farmscan1 Mar '24 - 10:25 - 5705 of 5705
0 2 0
A large chunk of the cash has gone in tax (139m) and divis (89m). I shudder to think what the share price would be today with just c23k boepd of gas at £36 boepd before deducting op ex.
Posted at 05/2/2024 15:45 by ashkv
SQZ looks like a good investment today -
SQZ and crude are both oversold,
Leadership overhaul - high calibre CFO bought in and soon a high calibre CEO to replace leader who is not a tier 1 operator,
Opec will backstop,
American oil will throttle down at sub $70 WTI,
SQZ EV/Barrel and EV/2P even for high tax UK are compelling - given negligible decommissioning costs,
Labour has stated that they will not kill the industry - have promised to hold corporate rates at current levels,
I am 90% confident the tax backdating bluster etc is just to motivate their green base - when in the drivers seat the economy and tax receipts will matter more.
THIRTEEN PERCENT DIVIDEND YIELD - LETS SEE IF I AM RIGHT ON THE SAME BEING MAINTAINED OR EVEN BUMPED UP!!!

SP: 176.6p
SQZ Current Share Price vs 52 Week low of 176.6p on 5 Feb 24: 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23: -34.83%
Brent: $76.75
British Gas Prices (Next Month): £71.00
Shares Outstanding: 391,488,867
GBPUSD: 1.255
MarketCap GBP: £691,369,339
MarketCap USD: $867,668,521
Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $400,470,500
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $263,550,000
Net Cash (USD) (31 Dec 23): $136,920,500
Net Cash(GBP) % of SP/Market Cap: 15.78%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Enterprise Value (In USD): $730,748,021
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: 44,500
SQZ YTD Production [1 Jan to 2 Feb 2024]: 43,184
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]: 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: $16,421
EV/Barrel SQZ YTD Production [1 Jan to 2 Feb 2024]: $16,922
EV/Barrel Actual Average 2023 Production: $18,214
Decommissioning Provision (Per HY 23 Results): $124,998,000
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision: $19,230
(9p+14p) 2023 Full Year Expected Dividend Yield: 13.02%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $5.60
Posted at 05/2/2024 11:11 by ashkv
haha I have gotten under the skin of the PR low class loser who worships at the altar of Mitch Flegg...

Have better things to do than validate my assertions.. I recall you mentioning you are a PR and I stand by it..

Do you still stand by your paeans of SQZ leadership / performance under Mitch Flegg!!! Anyone who invested heeding your laurels of the able SQZ leadership/management should sue you!!!

Sadly I own both SQZ and JSE - but I am far more upset with SQZ management as they literally set fire to their cash rather than mishandle/mismanage a problem!!!

Also please note that JSE exceeded top end of revised guidance whereas SQZ just about met the bottom end of the revised guidance!!!

My near term targets for SQZ are an upside back to September highs of circa 270p should oil prices be supportive and for JSE my upside target is 50p should they have no further operational issues and oil prices be supportive!!!
 
SteMiS5 Feb '24 - 11:01 - 5510 of 5511
0 0 0
BH go back and review Stemis history on SQZ chat if he has not modified - Stemis conveys he worked in PR!!!

I really haven't. But you'll be able to post a link to that will you? I've been a full time investor for the last 10 years and previously a chartered accountant and then one time FD of a plc. Some on here will remember me from Motley Fool (which is actually where I first 'met' nigelpm).

Stemis has updated he is a paid PR lackey....

Probably libelous. But go on then, when did I do that? Alternatively why don't you stick to trying to ramp your way of the mess you got yourself into with the dog that is JSE?

So substantiate your accusations, you clown, (which you can't) or withdraw them...
Posted at 05/2/2024 10:44 by ashkv
Wow 12.5% dividend - I am 95% sure dividend will be reiterated and likely uplifted!!!

47% upside to September 2023 highs for SQZ...

Lets see if another RNS to the same is released with analyst meetings on 7/8 February 2024

SP: 183.9p
SQZ Current Share Price vs 52 Week low of 183.89p on 5 Feb 24: 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23: -32.14%
Brent: $76.75
British Gas Prices (Next Month): £71.00
Shares Outstanding: 391,488,867
GBPUSD: 1.260
MarketCap GBP: £719,908,878
MarketCap USD: $907,085,186
Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $402,066,000
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $264,600,000
Net Cash (USD) (31 Dec 23): $137,466,000
Net Cash(GBP) % of SP/Market Cap: 15.15%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Enterprise Value (In USD): $769,619,186
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: 44,500
SQZ YTD Production [1 Jan to 2 Feb 2024]: 43,184
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]: 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: $17,295
EV/Barrel SQZ YTD Production [1 Jan to 2 Feb 2024]: $17,822
EV/Barrel Actual Average 2023 Production: $19,182
Decommissioning Provision (Per HY 23 Results): $125,496,000
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision: $20,115
(9p+14p) 2023 Full Year Expected Dividend Yield: 12.51%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $5.90
Posted at 05/2/2024 10:06 by ashkv
SQZ is now dirt cheap given muppet empire building lifestyle CEO has been booted out / one of the key negatives of the stock...

The interim CEO has top notch experience/pedigree and is stepping in to right the rocky boat... He has already effectively taken over the CEO chair!!!

Hopefully it is onwards and upwards from this low point / series of management missteps...

I had a gut to sell in September 2023 around 260p - should have acted upon the same :(

Dividend Yield at 187p is 12.28% and EV/2p is $6 (SQZ has negligible decommissioning costs).

HBR for its recent deal was valued at 360p which equates to an EV/2P around $19-$20 including decommissioning obligations!!!

SP: 187.3p
SQZ Current Share Price vs 52 Week low of 187.25p on 5 Feb 24: 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23: -30.90%
Brent: $76.75
British Gas Prices (Next Month): £71.00
Shares Outstanding: 391,488,867
GBPUSD: 1.260
MarketCap GBP: £733,062,903
MarketCap USD: $923,659,258
Cash GBP [Including GBP28mn of soon to be reimbursed security deposit] (31 Dec 23): £319,100,000
Cash USD (31 Dec 23): $402,066,000
Debt (GBP) (31 Dec 23): £210,000,000
Debt (USD) (31 Dec 23):: $264,600,000
Net Cash (USD) (31 Dec 23): $137,466,000
Net Cash(GBP) % of SP/Market Cap: 14.88%
Net Cash(GBP) component of SQZ Share Price: 27.87p
Enterprise Value (In USD): $786,193,258
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: 44,500
SQZ YTD Production [1 Jan to 2 Feb 2024]: 43,184
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]: 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]: $17,667
EV/Barrel SQZ YTD Production [1 Jan to 2 Feb 2024]: $18,206
EV/Barrel Actual Average 2023 Production: $19,596
Decommissioning Provision (Per HY 23 Results): $125,496,000
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision: $20,487
(9p+14p) 2023 Full Year Expected Dividend Yield: 12.28%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $6.03
Posted at 08/1/2024 13:29 by ashkv
SQZ CEO is a shareholder value destroying numpty who is only interested in Empire Building..

MF should go sit at Linda Cook's feet to learn about how to transact deals!!!

SQZ CEO diluted SQZ shares when they were undervalued by grossly overpaying for Tailwind with its assets in hydrocarbon hating woke UK!!! Even the numpty Tory party has gone woke - WTF is with the loco MP who resigned over the weekend re Tory Climate Policies!!!

To wistfully reminisce at this period in 2023 SQZ had net cash more than 210p per
share (today's share price).

Absolute abdication of fiduciary duty and bottom drawer management!!!

Sickening to forecast that FY 2023 accounts will show that SQZ management has paid themselves mega bonuses for dire shareholder value creation...

ALL THIS WHILE NO SHAREHOLDER BUYS FROM MITCH FLEGG!!! AND NO SHARE BUYBACKS!!!

SHARE PRICE IS HAMMERED DAILY ON LOW VOLUMES!!!

PATHETIC!!!

AND IF SQZ DOESN'T MEET PRODUCTION GUIDANCE - CEO AND MANAGEMENT SHOULD WALK THE PLANK!!!

SHAMELESS GRIFTERS!!!

johnrxx992 Jan '24 - 08:32 - 5387 of 5387
0 1 0
Sold 50% and put into HBR.
Posted at 02/1/2024 08:16 by rivaldo
Good to see SQZ tipped for 2024 on Motley Fool (even if the analysis lacks a little detail...):



"Pumping out value

North Sea oil and gas group Serica Energy (LSE: SQZ) isn’t the kind of stock I normally look at for value. But shares in this £850m firm currently trade on just three times forecast earnings and offer a stonking 10% dividend yield. What’s going on?

In my view, the market is rightly cautious about bidding up energy stocks to high valuations.

Oil and gas prices are prone to boom and bust cycles and Serica’s profits are directly linked to these commodity prices.

Looking further ahead, the energy transition means that long-term demand for fossil fuels is expected to fall.

On the other hand, Serica’s recent profits have been supported by very strong cash generation. The company’s 10% dividend yield looks affordable to me, especially as the most recent accounts showed a net cash balance.

Serica’s acquisition of Tailwind Energy earlier in 2023 also means its production is now much more evenly split between oil and gas. That reduces its exposure to volatile UK gas prices.

The Tailwind deal has also opened up some new drilling opportunities for the year ahead, which are expected to result in quick production gains.

I’m generally cautious about investing in fossil fuel producers these days. However, I think that Serica is a well-run business that’s affordably valued. On balance, I think the shares are probably too cheap at current levels and could deliver attractive returns in 2024."
Posted at 06/12/2023 10:32 by ashkv
A positive update from SQZ though would have expected additional details.



SP: 217.0p
SQZ Current Share Price vs 52 Week low of 196.2p on 18 Jul 23: 10.60%
SQZ Current Share Price vs 52 Week High of 304p on 12 Dec 22: -28.62%
Brent: $76.50
British Gas Prices (Next Month): £98.50
Shares Outstanding: 391,309,323
GBPUSD: 1.260
MarketCap GBP: £849,141,231
MarketCap USD: $1,069,917,951
Cash GBP (31 Aug 23 - Per HY 2023 Results): £333,200,000
Cash USD (31 Aug 23 - Per HY 2023 Results): $419,832,000
Debt (GBP) (30 June 23 - Per HY 2023 Results): £213,200,000
Debt (USD): $268,632,000
Net Cash (USD) (31 Aug 23 Per HY 2023 Results RNS): $151,200,000
Net Cash(GBP) % of SP/Market Cap: 14.13%
Net Cash(GBP) component of SQZ Share Price: 30.67p
Enterprise Value (In USD): $918,717,951
Production Guidance 2023 Mid-Point (40-45kbpd): 42,500
SQZ RECENT 4 Week Production per 6 Dec 23 RNS: 52,000
Production Average on a Proforma Basis H1 2023: 49,350
Equity Production Average H1 2023: 39,350
Enterprise Value/Barrel 2023 Production Guidance Mid-Point: $21,617
EV/Barrel SQZ RECENT 4 Week Production per 6 Dec 23 RNS: $17,668
Enterprise Value/Barrel Production Average on a Proforma Basis H1 2023: $18,616
Enterprise Value/Barrel Equity Production Average H1 2023: $23,347
(9p+14p) 2023 Full Year Expected Dividend Yield: 10.60%
SQZ + Tailwind 2P Reserves as of 31 Dec 2022: 130,400,000
SQZ Combined Enterprise Value/2P Reserves: $7.05

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