Serica Energy Share Discussion Threads

[oilinvestoral] 24/4/2024 22:25

I knew you couldn't help yourself and would've chirped in again! You're Back filtered ! I could literally write that the sky is blue and you would disagree with me ! Since you disagree with everything I write why don't you just filter my posts and leave me be!

[nigelpm] 24/4/2024 22:02

My point is net cash 1 year ago at the end of 2022: £432.5 million!

There's a helpful bridge in the IMC meeting to explain the movement since.

[creditcrunchies] 24/4/2024 21:20

I'm always critical when they deserve it my investments are anywhere from 35k worth upwards mainly in SIPPS. This company needs to protect itself from more than commodity prices they need to protect themselves from self destructive politicians that are hell bent on destroying the UK. They hit the nail on the head with their comments in the RNS the short term tax raid will destroy jobs, will create massive trade imbalances, take away UK national security, leave the UK population open to spiking energy swings as they import more energy from anywhere they can get it and long term lose tax revenue as the north sea industry shuts down

[oilinvestoral] 24/4/2024 20:55

I'll reduce my posts here as there is no debating with some people. If SQZ literally posted management have been fraudulent (not saying they are), some people would still fully support them! It's a share not a football team! You are allowed to be critical of management! It's not illegal

[oilinvestoral] 24/4/2024 20:52

My point is net cash 1 year ago at the end of 2022: £432.5 million! Wonder if one of the accountants can get the abacus out and calculate how much it would've been without taking on over a quarter of billion dollars of private equity debt ! That's why I was surprised at the question posed

[stemis] 24/4/2024 20:02

Serica are net cash as well aren't they?

Yes, £78m.

Also worth bearing in mind, when looking at graphs of share price performance, that since the 'offer' by KIST, SQZ have paid 31p in dividends whilst KIST have paid...nothing.

[oilinvestoral] 24/4/2024 19:41

“Serica are net cash as well aren't they?”


———;——̵2;—



I’m not sure if you are joking or being serious framscan.

How much would cash have been without spending capex on TW assets and taking on their debt?

[farmscan] 24/4/2024 19:35

"They are NET cash! That’s the whole point m! We’ve gone one way they’ve gone the opposite way!"

Serica are net cash as well aren't they?

[andymunchkin] 24/4/2024 19:33

hOws gOng bOUnts??

[bountyhunter] 24/4/2024 19:19

The offer from Kist was rejected in July 2022. It's pretty obvious from the chart I posted which company has underperformed the most since then.



Granted AA has a good track record however increasing gas exposure wouldn't have panned out well here imho. Returning the SQZ cash pile to investors would have been my preference as I said at the time (rather than either deal).

[oilinvestoral] 24/4/2024 19:14

Let's see where both companies are in 12 months time! On a LT basis I'm willing to bet that good management at KIST will release value in the end !

[oilinvestoral] 24/4/2024 19:13

Also the selective period in the chart ignores the fact that KIST went up 6 fold in the run up in gas prices.

[bountyhunter] 24/4/2024 19:12

Regardless it's not done their share price much good since that merger was mooted and rejected. Shareholders should have got Serica's cash not Kist (or Tailwind) but at least Tailwind had substantial tax losses to carry forward to compensate.

[oilinvestoral] 24/4/2024 19:10

Gas exposure aside , net cash would've protected the downside!

[oilinvestoral] 24/4/2024 19:09

They are NET cash! That's the whole point m! We've gone one way they've gone the opposite way!

[nigelpm] 24/4/2024 18:55

Great chart bounty - proves the point perfectly.

[farmscan] 24/4/2024 18:49

I don't follow Kistos, how much cash and debt do they currently have? TIA

[oilinvestoral] 24/4/2024 18:44

I don't want to prong this topic as the board perfect might not like it and will no doubt start chirping soon enough! In 2022 KIST had debt. Since then , they have paid off a huge chunk of debt and are now net cash. They did this using their own assets. If you add that cash build from KIST to a debt free SQZ! You will get a very large NET cash position! Significantly better than the current net debt balls up we find ourselves in due to enriching our private equity overlords!

[farmscan] 24/4/2024 18:35

Why would the cash position be better if Serica had merged with Kistos rather than merging with Tailwind? I don't understand your thinking.

I am aware of the c200m debt, but most of the cash has gone on tax and dividends, so the same would still apply.

[oilinvestoral] 24/4/2024 18:30

Looks like I jumped the gun! In my post to celebrate the dividend this morning , I didn't notice the facts that the company has narrowed down the production range from the upper end towards the lower end.They are also predicting little or no growth in 2025.Looks like operational mishaps are continuing. No wonder the share price has ended flat ! Will take the June divi and reassess my position thereafter. Some people are still deluded enough to think Fleggy wasn't sacked! SMH

[oilinvestoral] 24/4/2024 18:23

BH The pugnacious one has had issues with me for a long time from the Pharos board ! Long before this board! I have literally blocked him on Twitter and filtered him on here! Not sure what else to do. He still keeps on chirping away at every post I make looking for a reaction. I have tried my best not to engage but will fight my corner if i have to !

[oilinvestoral] 24/4/2024 18:21

"So just making stuff up"----Nope ! Not making anything up! Labour have posted their intentions and have flip flopped 1000 times! I say this as left leaning/ left of center person! Take out the TW / private equity debt and do the numbers! KIST is net cash now! Not that difficult!