Serica Energy Share Discussion Threads

[waterloo01] 24/10/2024 15:33

Fair play.

[97peter] 24/10/2024 15:31

Lord Knome , Bounty and others you are missing mine and Zico’s point! If we bought like I did at 129p, then sold on Tuesday at 147p, nice little profit of £10,000 on 100,000 shares!!! Plus when I buy back these at 127 or 125p next Thursday or the week after at 122p, once Rachel Reeves has her axe on O&G companies. I will be happy to buy back these 100,000 shares at an average of 125p, over coming weeks and sit and wait for share price to rise and then take the 14p divi in June next year!!!win win

[cashandcard] 24/10/2024 12:37

Farrugio,Interesting.Capital growth in a dying local industry is non-existant and a very small, token dividend won't cut it, as people could probably do better with safer bonds or some of the better savings accounts that are now available in this IR environment.Absent a healthy dividend, what other return are shareholders meant to remain here for?Only one possible option, plough funds into a more welcoming and growth orientated Oil and Gas environment abroad.Cash

[zicopele] 24/10/2024 12:28

Making money is always worth the effort.

[farrugia] 24/10/2024 11:02

i think paying big dividends for uk companies is a mistake. once you remove the dividend it removes the wall of cash holding up the valuation.

[lord gnome] 24/10/2024 10:35

Not worth the effort either way.

[undervaluedassets] 24/10/2024 09:36

It is up slightly I think .. after discounting the divi.. about right I make it

[zicopele] 24/10/2024 09:12

Looks like I made the right decision. On an up day for oil stocks, SQZ languishes.

Expecting to crystallise my dividend in a few days. Holders must wait for theirs.

[undervaluedassets] 24/10/2024 09:11

falls by the yield amount usually. Looks bang on.

lots more divis promised by SQZ at last results.

[lord gnome] 24/10/2024 08:30

That's the whole point UV. The discussion is about whether to hold on through the exdiv process or sell out cumdiv and buy back later after the share price has dropped. As of now selling yesterday and buying back this morning wouldn't have worked.

[undervaluedassets] 24/10/2024 08:02

er ...folks

Isn't it ex-dividend today?

[zicopele] 24/10/2024 08:00

The day is long bounty. It may drift down over the next few days.

[hericsaba] 24/10/2024 07:58

The reality is the first 10 minutes of the trade (8am - 8:10) the share price was 132-133p, so plenty of opportunity in the morning to top up! Worth mention: the oil price went up nicely from last closing.

[bountyhunter] 24/10/2024 07:33

143.9 (last sale yesterday) - 136.6 (first buy today) = 7.3p which is a loss of 1.7p per share for anyone selling at the close and buying back at the open today given the XD today of 9p/share (excluding any dealing charges).

[waterloo01] 23/10/2024 20:00

As I've been saying...if the budget is less worse than billed, this should rerate. If no, we'll the next investments will be ex uk and they milk uk assets.

[zicopele] 23/10/2024 18:31

It may fall back to the 120s on lack of news flow. Also, dividends are weighted in the second half.

A lot of bad can happen in a year.

[rolo7] 23/10/2024 18:14

isnt news due?
Drilling and completion activities on the Gannet GE-05 well (SQZ: 100%) have now concluded. Data collected during drilling have shown encouraging results, and production is expected to commence around the start of November. The COSL Innovator rig is now moving to drill the next well in the campaign, on the Guillemot NW field (SQZ: 10%).

[97peter] 23/10/2024 18:06

Zico is in the right! If he had bought in at 129p and sold at 143p, big bonus. Plus with x-div and share price down to 129p Friday and maybe even down to 122 or less after Reeves tax grab, it was definitely worth selling, and buying back after the budget announcements and market drop next Thursday!

[bountyhunter] 23/10/2024 16:24

Exactly Pete, and one swallow doesn't make a summer even if it potentially works out favourably this time round.

[petersinthemarket] 23/10/2024 13:19

>>bounty...
I agree with you. I have tried trading the xDiv thing a few times in the past, with variable results. By the time dealing costs and spread were taken into account, it was defo not worth the hassle. pete

[zicopele] 23/10/2024 13:12

Lers see how it goes. I may be wrong. Sold at 143.7. £3 dealing costs and then there is the spread.

Can I buy back circa 130p? Under 130p by Friday which is my cutoff would be a 14p dividend.

[bountyhunter] 23/10/2024 13:07

I forgot about that zico, you're right no stamp duty as an AIM share, but still not worth the effort generally imho despite the occasional example when it could have paid off taking into account the spread and volatility.

[petersinthemarket] 23/10/2024 13:01

Yes, I understand the xDiv share price fall thing. My only point was that it was misleading to suggest having taken the dividend, early or otherwise, as you were not entitled to it. I hope your dealing stategy works for you. pete