Serica Energy Share Discussion Threads

[waterloo01] 24/4/2024 14:46

Confident presentation.

[nigelpm] 24/4/2024 14:37

"tailwind deal was a good deal in many many ways"

Yup.

[nigelpm] 24/4/2024 14:36

"looking at lots of things in Norway" but "continuing to look at UK"

[undervaluedassets] 24/4/2024 14:29

hxxps://presentations.investormeetcompany.com/conferences/773d32153154/bigroom

[nigelpm] 24/4/2024 14:27

That's because it's a great business.

[undervaluedassets] 24/4/2024 14:25

watching the presentation.

They come over incredibly well.

[nigelpm] 24/4/2024 14:23

A reminder that full utilisation would be > $1bn - not what I noted this morning.

[oilinvestoral] 24/4/2024 14:20

"I don't think anyone expects them to make "full utilisation"!"-------The person that tried to use the full tax losses figure this morning to once again justify the egregiously disgusting acquisition of tailwind clearly expects that! Now back in the iggy bin you go (filtered)!

[andymunchkin] 24/4/2024 14:17

tUrning oOTTOo bE anOther pUmp&dUmp bY bOUntY muTT

[fenners66] 24/4/2024 14:08

What potential labour policy appeals to the most voters ?

Tell the public that and get the votes.
After that arrange a "review" of implications - does it impact jobs and longer term tax revenue and kick the can down the road....
leaving available policy to reprise just in time for the next election .... rinse and repeat.

[nigelpm] 24/4/2024 14:00

Even that will make full utilisation of previous losses difficult!

I don't think anyone expects them to make "full utilisation"!

[nigelpm] 24/4/2024 14:00

IMC starting now.

[stemis] 24/4/2024 13:23

They spcifically said they won't backdate and haven't even suggested that they'd restrict brought forward tax losses.

[oilinvestoral] 24/4/2024 12:47

"I've not read your link "-----In that case, You might want to read the link.While plans are not confirmed they have flip flopped a few times from not wanting to backdate to being adamant they will both increase the tax and also backdate. As I say , it's not confirmed and will become clear later in the year ...

[creditcrunchies] 24/4/2024 12:35

So many jobs will go then all of the tax revenue dries up as Serica pointed out decommissioning will accelerate

[bountyhunter] 24/4/2024 12:17

SERICA ENERGY PLC will shortly be holding the meeting Investor Presentation at 2:00pm.

Can't make to to prior commitment but hopefully someone here can.

investormeetcompany.com

[stemis] 24/4/2024 12:15

Labours potential tax plans :



Labour have subsquently confirmed that they would not backdate the tax changes they are planning

[nigelpm] 24/4/2024 12:05

Yes, I agree bounty - I looked into it a while back. Retrospective is highly unlikely.

[bountyhunter] 24/4/2024 11:52

I've not read your link but my understanding is that it's just the development tax reduction that's potentially affected going forwards if/when Labour win not historical tax losses. Retrospective legislation would be highly unusual so I wouldn't expect carried forward historical tax losses to be affected.

[oilinvestoral] 24/4/2024 11:46

Labours potential tax plans :https://assets.publishing.service.gov.uk/media/65c66cbf9c5b7f000c951c82/Opposition_costing_-_Oil_and_Gas_Levy__003__final.pdfNothing confirmed but would be cautious as using tax losses to justify egregious acquisition cost until Labour show their true colours When someone tells you who they are, believe them !

[nigelpm] 24/4/2024 11:07

The tax losses have little value until Labour confirm their plans.

That's fundamentally incorrect. They made use of them in 2023 and will make use of them in 2024 also. Unless you are implying that they will retrospectively claw the tax back?

[oilinvestoral] 24/4/2024 10:59

Disappointed to see the stock market doesn't seem as enamoured as I was at 7am this morning with the results. Will have to re-read in the evening to make sure I haven't missed anything...

[orchestralis] 24/4/2024 10:53

11% Divi reinvested means original stake covered in 7 years with compounding.