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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 1,414,241 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 35051 to 35075 of 35400 messages
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DateSubjectAuthorDiscuss
19/4/2024
07:46
After yesterday's big drop for no apparent reason, I'm expecting bad news. This company has more leaks than the vegetable aisle at Tesco.
sageofonion
18/4/2024
20:48
It's pretty close to the date last year so nothing to get worried about there. What are you on about re a results date change? There was no change, and I'd take it as a plus that there is an accompanying presentation not to mention the director buys since the start of the year with no sales.
bountyhunter
18/4/2024
17:56
you have to wonder why they kept delaying the results date then all of a sudden an RNS comes out with CEO change date / presentation / results date change. Not a good sign because it probably means they're gonna get whacked with tax and behind the scenes they need to find lipstick for the pig to try to stabilise the announcement. So could be a big dip coming.
creditcrunchies
18/4/2024
17:16
Mitch referenced tax lobbying in a previous IMC.

He said something along the lines that SQZ were engaging with both the existing Government and discussions had taken place with Labour.

I'm not sure you'll get much more detail than that but worth asking the educated question.

nigelpm
18/4/2024
11:10
I think the ones that are bugging are the future M&A Plans and while they have been referenced in presentations I'm still needing clarity.Also tax reform / lobbying is still bugging me. If you have found an answer to that feel free to share it ...
coffeecanportfolio
18/4/2024
10:39
FWIW - I went through RNS and previous presentations and found answers to all questions that were still bugging me to some degree. It's amazing how actually reading RNS generally gives investors what they need.
nigelpm
17/4/2024
23:52
Coffeecan
Talking about diversifying away from the NS I also hold I3E who pivoted away from the NS a couple of years back. After a ballistic run up, they’ve drifted down with AIM but the fundamentals and divi are great. FYI They just broke out if anyone’s interested. DYPR - (but don’t hang around).

pretax2
16/4/2024
22:30
His thoughts are to criticise others from the sidelines who have been proactive enough to ask questions...
oilinvestoral
16/4/2024
20:58
I'll give it some thought and list whatever I decide to submit.

For what it's worth I regularly submit at least a couple of sensible questions at these IMC events.

nigelpm
16/4/2024
18:50
I've asked a few questions.Mainly do with their future M&A Plans and diversification away from the UK.Also asked if they are in dialogue with the government over tax reform.Just to put it bed , I've asked if there was any particular reason for the CEO change. If it's simply a retirement then they should say so. What's your thoughts Nigel ? Have you got any burning questions?
coffeecanportfolio
16/4/2024
18:36
An investor meet as well.

Let's hope it's not littered with irrelevant and stupid questions.

The last few I've watched on other stocks have been painful at times.

I'd suggest anyone who asks a question thinks about it before posting.

nigelpm
16/4/2024
18:12
Call me old fashioned but I would rather be receiving money on my mounds of cash deposits rather than paying interest (under the guise of slightly reducing the tax bill).Each to their own though ...
oilinvestoral
16/4/2024
16:14
Great point nigelpm. If the marginal tax rate is 70% that means HMRC , in effect, picks up all but 30% of the interest cost.
The company could embark on dividend or buybac with debt.
This is another ridiculous example of how screwed up the UK tax policy is.

hunter154
16/4/2024
16:07
I hold SQZ as part of my income portfolio so a cut would be unwelcome. At the end of the day though it's all speculation so we'll just have to wait to find out.
stemis
16/4/2024
15:33
Given interest costs are tax deductible there is plenty of logic in having some level of debt as opposed to running a cash position. Simple capital efficiency.
nigelpm
16/4/2024
15:11
Hope you're right Stemis!Every 23p dividend more than pays for my 2015 shares TWICE over! So certainly won't complain with a 14p + 9p dividend! However with operational issues noted in nearly every single asset, higher operational costs, extended planned & unplanned shutdowns, the highest ever CAPEX programme in the company's history and with the egregious EPL payments any CFO worth his salt will be forgiven for taking a scissor to the dividend. No prudent CFO will use debt to fund a divi (although financial engineering means it happens on regular basis)...
oilinvestoral
16/4/2024
14:54
Results 24/04 confirmed.
I’m sure the delay was due to the additional work auditors had to do re acquisition accounting.

Looking forward to it.

hunter154
16/4/2024
14:19
I'd like to believe that the dividend will at least be held. The announcement of the Tailwind acquisition implied it would and directors buying suggests likewise. However the change in Chairman, CEO and FD would be an opportunity to re-set dividend policy without accountability for past assurances and that's what stops me having more confidence in what they'll actually do...
stemis
16/4/2024
14:10
Results 24th April, just announced
stemis
16/4/2024
14:09
24th April.
nigelpm
16/4/2024
13:28
There's often an example somewhere to discredit what might be expected generally.
bountyhunter
16/4/2024
13:23
Oil investor
That’s the spirit 😀
Your 1st response, not the 2nd.

pretax2
16/4/2024
13:18
There's literally been examples in the London market where directors bought days before disaster .... I see Mitch as counter indicator! At least this time he is not handing the keys to the administrators (unlike his last gig)He literally didn't buy a single share as the shares went up more than 40 fold. His judgement leaves much to be desired
oilinvestoral
16/4/2024
12:40
Quick scribble, few positives and negatives, it really needs the tax relief on exploration to stay at the current rate and also for some of Tailwinds tax losses to kick in.

At interim results in September, the price was around £2.60 and we had a low around £1.70 in between.

At £2.02, market cap around £800m.

Net cash dropped from around £230m end of June to £81m at year end after tax and dividend payments of around £230m which suggests the low 2nd half production which already had oil hedges of $61 wasn't generating a lot of profit.

The dividend was 14p and 9p for a total of 23p.

Output 49,350 bopd 1st half 2023

If it's 40k bopd for year then 2nd half must be around 30k bopd?

Current output around 45k bopd

Average realised gas price of 96 pence per therm (1H 2022: 136 pence per therm) and realised average oil price of US$64 per barrel (1H 2022: US$108 per barrel).

Hedging

Oil - fixed pricing under oil sales agreements (equivalent to oil price swaps): for the 2H 2023 period approximately 11,000 barrels per day at an average price of US$61 per barrel, for the 1H 2024 period approximately 5,000 barrels per day at an average price of US$70 per barrel, and for the 2H 2024 period approximately 2,700 barrels per day at an average price of US$80 per barrel.


UKA ETS - fixed price swaps for UKA ETS products for 2023 consisting of 66,000 MT at £77.12/MT for 2023 and 231,000 MT at £79.39/MT for 2024

mickinvest
16/4/2024
11:58
Normally I'm a bit of a sceptic here (since the Tailwind involvement) however regarding results and the dividend I have to say that if there was anything particularly negative about to be released I don't think that:

1. Mitch Flegg would have bought shares on 7th Feb'24 for UK£142,388 as well as other directors buying shares since the start of the year. No sales.


2. The share price would have been edging upwards in the run up towards results.

So I'm reasonably optimistic of no nasty surprises at this point.

bountyhunter
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