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SQZ Serica Energy Plc

185.50
1.70 (0.92%)
Last Updated: 14:35:30
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Serica Energy Plc LSE:SQZ London Ordinary Share GB00B0CY5V57 ORD USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.70 0.92% 185.50 185.30 185.70 188.00 183.10 183.30 1,413,897 14:35:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 632.64M 102.98M 0.2652 6.95 715.72M
Serica Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 183.80p. Over the last year, Serica Energy shares have traded in a share price range of 166.00p to 271.00p.

Serica Energy currently has 388,345,933 shares in issue. The market capitalisation of Serica Energy is £715.72 million. Serica Energy has a price to earnings ratio (PE ratio) of 6.95.

Serica Energy Share Discussion Threads

Showing 34901 to 34923 of 35400 messages
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DateSubjectAuthorDiscuss
06/3/2024
12:48
What a S show this is now 450p bid is long long away now. Sad to see a company get completely destroyed by this BOD
creditcrunchies
06/3/2024
10:46
It doesn't matter if the Treasury or the current or a new Chancellor who makes the decision taxes are only going up.
scbscb
06/3/2024
08:19
Indeed Stemis. Such basic facts seem to have different interpretations on here.
nigelpm
06/3/2024
08:13
the Treasury will make the decision …does not matter who is in power

It's the Chancellor who makes the decision, which will be Labour's Rachel Reeves

stemis
05/3/2024
21:44
The Treasury are directed by the Government - that's how it works.
nigelpm
05/3/2024
20:53
No Nigel the Treasury will make the decision ...does not matter who is in power. Labour will not rip up the extension of WFT from 2025 to 2028 ...to be announced tomorrow.
mariopeter
05/3/2024
19:34
I watched his video at the time and it was full of errors.
nigelpm
05/3/2024
19:34
Think you will find the Treasury makes the decision.

Err, yes for the time being - not in October when the new Labour government will rip it up.

nigelpm
05/3/2024
19:22
Explain this - it makes no sense.

Well...

They picked up a nice big dividend, despite not holding shares on the ex div date prior to the deal, and we paid them at least double what their assets were worth. Watch the Jeremy Raper video for further insight.

sageofonion
05/3/2024
15:23
Think you will find the Treasury makes the decision.
mariopeter
05/3/2024
15:06
Irrelevant - Labour will totally flip this up when they get into power.
nigelpm
05/3/2024
14:50
The Treasury has it lips firmly stuck to three teats of the North Sea cow and likes it. Rumoured WFT extension 3 years that means forever if you ask me. Majors need to tell NS licence authority to shove their new licenses up their ….

Ps I think the best accountants are those that can’t count. Numbers can detract from creativity ….saying that the numbers on Tailwind were bloody awful.

Rule of thumb never ever ever turn a bid down unless you have a counter bid.

mariopeter
05/3/2024
12:37
Most of our cash has now been transferred to Mercuria

Explain this - it makes no sense.

nigelpm
05/3/2024
11:40
More likely forced out rather than "resign"!!!!
ashkv
05/3/2024
07:03
None of those companies were in the cash-rich position of SQZ. Most of our cash has now been transferred to Mercuria for the sake of a few execs keeping their jobs. Ironically they have now resigned.
sageofonion
04/3/2024
23:16
How have the other NS producers faired? i.e. Enquest, Harbour and Kistos.
nigelpm
04/3/2024
22:27
The value destruction here is horrendous.
In hindsight, it looks like Mr Raper was right.
Seems like a fiduciary failing.
hxxps://youtu.be/A8eG7Pw3X_4?si=c0_ln3Ar4jWl54Rj

sageofonion
04/3/2024
18:31
That is quite the letter, no ambiguity there. Look at the share price today. Tells its own story.
cowie19
04/3/2024
18:18
At the time of the deal - Tailwind 2p figures were the end End 2021 figures Circa 39-40mn barrels!!!

The total consideration for the Proposed Combination of 703 GBPmm represents a multiple of ~$20/barrel of 2P reserves, with 52% of the purchase price being settled with Serica shares. But our Serica shares trade – referencing the acquisition mark of 278p – at an implied EV/2P reserves of ~$6/barrel, a 70% discount to the price being paid!

ashkv
04/3/2024
17:24
And what has any of that got to do with a counter to Al's $20 for Tailwind? - that I note he or anyone else hasn't been able to counter-counter.
nigelpm
04/3/2024
16:25
NigelPM change from USD to GBP for Tailwind is a sleight...

Firstly GBP has appreciated against USD - making a USD purchase less onerous if backdating figures.



Secondly Decommissioning costs are not included in NigelPM calcs

Thirdly Dividend paid to Tailwind in H1 2023 should also be included in the deal cost as Tailwind holders in effect received funds that accrued from pre-deal SQZ gas assets!!!

An onerous deal... just google the facts and figures from Jeremy Raper letters / analysis!!!

It is all there,...

ashkv
03/3/2024
10:22
I didn't say in any of my posts in this discussion whether this was a good or bad acquisition. That's a matter for opinion. But let's at least use the right numbers. No way did SQZ pay £20/boe or anything like that for Tailwind, as I've clearly demonstrated.
stemis
02/3/2024
22:13
No one said it was a great acquisition. We just questioned your numbers and rightly so.
nigelpm
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