Serica Energy Share Discussion Threads

[xxx] 28/3/2020 04:48

@steel, cant really see them announcing the prelim results as scheduled, the guidance seemed to dissuade directors.They could put out some selected figures to soothe nerves.

[pineapple1] 27/3/2020 13:51

Well UK gas is now at about 18.7p. Thats quite some fall from its highs. I,m going to give a lot of credit to the poster Chestnuts who comes in for a lot of flack for his calls.He predicted it. I didn't see it coming but i,ve had it in the back of my mind , so a virtual hat tip for a really good call on Nat Gas. Lets hope it does not drop a great deal more as it will make life difficult here. imho

[steelwatch] 27/3/2020 11:56

Hoping this won't be applied here in respect of reporting: AIM Regulation introduces temporary measures to help AIM companies "navigate some of the challenges arising from COVID-19". In a rare relaxation of some of the stringent rules on the AIM market the regulators have relaxed a certain rules as summarised below: Where an AIM company requires more time than might usually be the case to make a compliant announcement (for example, due to unavailability of staff or professional advisers or restricted access to information) , the company can approach AIM Regulation through its nominated adviser to discuss whether a temporary suspension is required. It will be necessary for the company to explain fully why a suspension is appropriate: the decision to suspend is at the discretion of AIM Regulation and, if granted, will be for a limited period of time to enable the company to make a fully compliant announcement. Currently, once an AIM company's shares have been suspended for a period of 6 months its admission to AIM will be cancelled. AIM Regulation recognises that in the current circumstances logistical issues may mean that further time is needed to resolve the reason for suspension. Accordingly, for any AIM company that has been suspended between 30 September 2019 and 1 July 2020, the 6 month period will be extended to 12 months. The general requirement for a nominated adviser to make a site visit and meet the directors before taking on a new nomad client has been temporarily suspended provided alternative measures are used (such as virtual meetings). Once it becomes practicable to do so, the new nomads should undertake a site visit. Under the AIM Rules, an AIM company has 6 months after the end of its financial year to publish its annual audited accounts. An AIM company, through its nominated adviser, is now able to apply to AIM Regulation for a 3 month extension to the reporting deadline. This extension will be available to companies with financial year-ends between 30 September 2019 and 30 June 2020. AIM will continue to monitor the potential impact of COVID-19 on AIM companies and will provide further guidance as necessary.

[joestalin] 26/3/2020 15:46

hTTps://www.serica-energy.com/downloads/releases/Corporate%20Update%20RNS%20Final.pdf Relevant bit is:- Serica expects to announce its maiden dividend at the time of the 2019 Annual Resultsin April2020.

[steelwatch] 26/3/2020 15:39

water - don't bet on it, LOL https://www.theargus.co.uk/news/18320489.southern-water-left-no-choice-cut-jobs---union/

[lord gnome] 26/3/2020 15:12

Almsivi - if there is to be a dividend, it will be announced with the final results. At that time they will also announce the ex-div date and the payment date. All shares in London go ex-div on a Thursday. The process is pretty much the same for all companies. Hope this helps.

[almsivi] 26/3/2020 14:56

Can anyone advise if there's an ex-dividend date published for sericas maiden or are ex-divis only used by large-caps?

[reallyrich] 26/3/2020 13:15

everybody needs water that's a safe one

[steelwatch] 26/3/2020 13:01

Utilities are under pressure: https://www.bloomberg.com/news/articles/2020-03-25/virus-starts-to-hit-utilities-as-european-energy-prices-plunge

[farmscan] 26/3/2020 10:28

Duplicate post.

[farmscan] 26/3/2020 10:28

I think Centrica have c£4 billion debt.

[farmscan] 26/3/2020 10:21

I think I'd rather stick to Serica.

[sunnysideup1] 25/3/2020 21:48

Farms and - if that is your bet you would be better to buy Centrica. While domestic demand nay be up, industrial and commercial premises are shut down. Swings & roundabouts .

[steelwatch] 24/3/2020 14:39

From share price Angel's bulletin this morning:  We recommend investors consider the following sectors for recovery:  Mining – for the building boom to restart many economies & it’s our core specialisation  Oil & Gas – economic recovery still needs to be fuelled and powered with oil and gas  Builders  Building Materials https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Tuesday_24.03.20.pdf

[lord gnome] 24/3/2020 13:28

Try telling an oil man that there is no future for oil. It's not in their DNA. They will always look for a deal.

[farmscan] 24/3/2020 12:53

One could argue that as Serica is predominantly gas, with everybody at home at the moment, there will be increased demand for natural gas.

[sunnysideup1] 24/3/2020 12:44

The point I am making is instead of spending money on oil assets they should just return it because the long term future of the oil industry is poor and the oil price may drop to levels that are uneconomic for new developments. There is a case for just maximisIng returns from existing assets and then shutter the business. TCW can then ride off into the sunset knowing he’s done his job.

[joestalin] 24/3/2020 10:59

Lining up for the next tree shake? Buying on the dips!

[captainfatcat] 24/3/2020 10:58

Sun shining and a blue share price are both welcome moments in these testing times.

[nicnic1953] 22/3/2020 11:37

I do want to see a dividend paid to shareholders ,..even if modest which would instill confidence in “our company “ ..with our cash balance I feel that we don’t need a merger ..let’s sit on patience ! and see what our bod will pull out of the hat over the summer

[robizm] 22/3/2020 11:27

Save their cash as they may be some unbelievable assets they would be able to buy from administrators if things get really bad. I have not bought many yet but this is one of the few I will buy.

[xxx] 22/3/2020 07:55

Personally, I would welcome a share buy back, if they are confident in the assets we have...the advantage is they know the assets and can scale the buyback..£10m seems reasonable and I hope they set a max price the co. would pay..

[joestalin] 21/3/2020 14:03

"Serica shouldn’t bother paying a dividend next month. They should announce a £50m share buyback. Retire about 20% of the equity." I like that, but if they find that they do need the money, they would find it hard to re-raise it, right now. It would be better if they were to buy some BP shares with their cash.

[farmscan] 20/3/2020 18:05

Aaah right, with you now.