Serica Energy Share Discussion Threads

[ashkv] 08/4/2024 17:06

Delayed results from this numpty management - clown Flegg can't even execute a smooth handover...

Hopefully a positive update and not the typical Flegg incompetence that the recent RNS have unfortunately disseminated!!!

Share price will certainly welcome Flegg's goodbye given that he has been forced out!!! Is walking the Mercuria plank....

[farmscan] 08/4/2024 16:57

Yes, I agree, I'm thinking more like 18th.

[nigelpm] 08/4/2024 16:53

I'm expecting later in April given how much has been going on and CEO transition taking place but will be RNS'ed when it is confirmed.

[farmscan] 08/4/2024 16:47

May not be any news of when to expect final results yet, but it appears there is a lot of activity going on at Bruce and Keith. Drilling rig Ocean Patriot and Well Enhancer diving support vessel are there together with supply ships Rem Mira, Fram Princess, Assister, Maersk Mover and Maersk Lifter.

[bountyhunter] 08/4/2024 10:57

It was around this time last year - 13/4 with the date announced by rns on 6/4.

[petomi] 08/4/2024 10:51

I couldn't see a results date in the investor section of their website (why not?) but happy to be corrected.

And TBH more than 3 months after year end is pretty slack these days. They should do better.

GLA

[bountyhunter] 08/4/2024 10:36

That's just an estimated date then.

[gemlotte55] 08/4/2024 10:26

From dividend max and stockopedia

[bountyhunter] 08/4/2024 10:04

Where have you got that from?

[gemlotte55] 08/4/2024 09:30

Results are due 11th April

[bountyhunter] 08/4/2024 09:09

Last year they announced around this time (a few days earlier) when finals would be published. Nothing yet this year.

[popit] 08/4/2024 09:03

The final dividend last time was 14p

So a final dividend for 2023 of less than 14p will be a cut in the dividend

And when are the final results due anyway?

The Serica website does not even say when the final results are due

They do not seem to be very concerned about their shareholders

[nigelpm] 07/4/2024 19:44

Should be a decent dividend given the stellar updates on reserves since the acquisition.

[bountyhunter] 07/4/2024 18:43

True, I've corrected my post, I was looking at the predicted column on dividend max.

[farmscan] 07/4/2024 18:41

The final was 14p last year.

[bountyhunter] 07/4/2024 17:35

I would like to see the 14p [corrected] dividend maintained but my confidence in the current management achieving that is low despite the cash inheritance from the old SQZ, and that the deal was sold partly on the suggested huge level of potential tax reclaims.

[creditcrunchies] 07/4/2024 15:16

It would have to be a guess because we don't know how much tax they're going to get hit with. Looking at other North sea operators reporting they've been royally screwed by the UK government

[xxx] 06/4/2024 09:40

Interested to hear what people estimate for the final dividend ?

I wouldnt be surprised at 10p but have little confidence in my guesstimate, as it seems to the financial performance for calendar 23 will be weak, but Q1 24 decent...

[mrscruff] 02/4/2024 08:44

"is being presumptuous with the dividend." Thankfully we have that oil barbell and with oil rising we are in luck. But longer term I get your point.

[oilinvestoral] 02/4/2024 00:46

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!

[oilinvestoral] 02/4/2024 00:44

Hunter154 : "Quick question. Does tax losses help offeet corporation tax only or does it also reduce EPL."--------------Crickets! You won't get a response from the pugnacious disingenuous accountant as the answer doesn't suit the narrative being pushed. So I will answer you instead! No my dear hunter154 ! Unfortunately Tailwind's tax losses do NOT offset EPL!! Not only that, but the losses can ONLY be used to offset Tailwind's earnings! That's why some of us question the overall supposed benefit of these tax losses! Specially once labour are in power later this year! When I raised this point last year, I was immediately told by the happy clappers that "we will utilise the losses before Labour took over"! Dare to question the value of the historical tax losses and you're immediately encircled by accountants wielding spreadsheets like a pack of hyenas! It's a good question that you raised and now you know the answer! I hope you also now know why certain prolific posters completely ignored / bypassed your question. Happy to help ...

[stemis] 01/4/2024 23:04

Does tax losses help offset corporation tax only or does it also reduce EPL.

No, wrt to EPL, there is no allowance for losses generated prior to its introduction on 26 May 2022)

hxxps://www.nstauthority.co.uk/regulatory-information/exploration-and-production/taxation/

[spectoacc] 01/4/2024 17:11

Paid to wait on the inevitable oil price rise. From what level is another matter.

[ashkv] 01/4/2024 17:01

Flegg A Bad Egg Who On Tailwind Negs!

Flegg Hurry Off The Plank Back To The Deep Dregs!

[nigelpm] 01/4/2024 15:44

Agreed. So very boring and monotonous and worst of all full of errors.