Serica Energy Share Discussion Threads

[farmscan] 24/7/2024 15:08

Depends when you bought them, if bought just before the XD date the transaction needs to have been settled, which is normally 3 days.

[crookie3634] 24/7/2024 15:04

Thanks Sawny that’s odd as I can’t see mine, just to confirm I just needed to be a holder before X divi date to be eligible?

[imjustdandy] 24/7/2024 13:43

Directors in about them again at 1.30 before lift off

[crookie3634] 24/7/2024 13:18

Thank you anyone got it in HL?

[ashkv] 24/7/2024 12:37

Healthy Buying at these lows

# Trades 349
Vol. Sold 230,657
Sold Value £300.02k
Vol. Bought 773,446
Bought Value £1.01m

[ashkv] 24/7/2024 12:37

New 52Week/Multi-Year Low 128.70p today

Net Payout Yield (Buybacks + Dividend) = 21%

SP-> 128.70p
SQZ Current Share Price vs 52 Week low of 132.2p on 24 July 24-> 0.00%
SQZ Current Share Price vs 52 Week High of 271p on 18 Sep 23-> -52.51%
Brent-> $82.00
British Gas Prices (Next Month)-> £75.50
Shares Outstanding-> 390,457,635
GBPUSD-> 1.290
MarketCap GBP-> £502,518,976
MarketCap USD-> $648,249,479
Cash GBP (26 Jun 24)-> £301,600,000
Cash USD (26 Jun 24)-> $389,064,000
Debt (GBP) (26 Jun 24)-> £182,000,000
Debt (USD) (26 Jun 24)-> $234,780,000
NET CASH (USD) (26 Jun 24)-> $154,284,000
NET CASH % of SP/Market Cap-> 23.80%
Net Cash Component of SQZ Share Price-> 30.63p
Enterprise Value (In USD)-> $493,965,479
2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> 43,000
SQZ YTD Production [Year to 23 June 2024]-> 43,781
Production Actual 2023 [Guidance 2023 Mid-Point (40-45kbpd)]-> 40,121
Enterprise Value/Barrel 2024 Mid-Guidance Production [2024 Guidance 41-48kbpd]-> $11,488
EV/Barrel SQZ YTD Production [Year to 23 June 2024]-> $11,283
EV/Barrel Actual Average 2023 Production-> $12,312
Decommissioning Provision (Per FY 23 Results)-> $150,323,700
EV/Barrel Mid-Guidance 2024 Production including Decommissioning Provision-> $14,983
(9p+14p) 2024 Full Year Expected Dividend Yield-> 17.87%
SQZ Net Payout Yield (Dividend + Buybacks (2024 GBP 15Mn) + Special Dividends) -> 20.86%
SQZ + Tailwind 2P Reserves as of 31 Dec 23-> 140,000,000
SQZ Combined Enterprise Value/2P Reserves-> $3.53

[captainfatcat] 24/7/2024 12:15

Just checked my dividend payment is showing in my account with Charles Stanley
Payment has always been on date since SQZ started issuing them.

[davethehorse] 24/7/2024 12:12

Going to 100p imo...no support

[stemis] 24/7/2024 10:19

Dividends in AJ Bell and Interactive Investor

[arlington chetwynd talbott] 24/7/2024 09:54

The share price action seems to suggest that it will be cut.

[meanreverter] 24/7/2024 09:42

IG normally credits dividends bang on time, as with Serica's today.

[97peter] 24/7/2024 09:35

In Interactive Investor it’s already in today and spent picking up more SQZ at 129p.

[meanreverter] 24/7/2024 08:47

kenmitch, I agree: Dividend Data is reliable and up-to-date. It also welcomes feedback and acts on it promptly. The only time I caught it in error was when a company (CRU) decided to cancel a dividend. That time, DD overlooked the cancellation, which was buried in a general RNS Trading Statement issued 45 days after the original announcement of the dividend.

[mr smc] 24/7/2024 08:31

Depends on your brokerHL can be good and also pay the next day!

[crookie3634] 24/7/2024 08:13

When does the 14p dividend hit people’s trading accounts? Or does it vary?

[kernelthread] 23/7/2024 22:14

It's actually 23p - 14p will be paid tomorrow and 9p was paid in November 2023. The question is what will it be in Nov.'24 and July '25 ?

[mickinvest] 23/7/2024 22:00

How did you get the figure of 22p for the dividend BH?

[kenmitch] 23/7/2024 20:00

DEC dividend has been cut to current $0.29 a quarter. That’s about 90p a year against current share price of £1,215 to give approximately 7.5% yield.

Dividend data is imo the best site for dividends. Here’s the link for the DEC dividends:-

[bountyhunter] 23/7/2024 19:52

16.5% yield for SQZ, via the 'Dividend' link at the top of the header.



..if you add up the interim and final dividends for SQZ over the last financial year you get 22p which when divided by the current share price gives a current yield of 16.9%

Re DEC yes the dividend was cut - it's still reasonable but nowhere near that 18% yield any more.

[brucie5] 23/7/2024 19:21

97Peter, this looks a bit out of date on DEC, which no longer offers a div of 18%.

[97peter] 23/7/2024 15:26

5 Highest paying yield / dividend O&G companies:

[97peter] 23/7/2024 13:07

Enquest have assets, oil wells outside of UK. Plus their buyback is going well. They have cash assets and tax losses to claim against for many millions for the coming 4-5/years. Perfect merger and SERIQUEST new company bigger and better than the individuals.

[spectoacc] 23/7/2024 08:41

I'd rather have the cashflow.

Live in hope of a volte face on the North Sea - Starmer won't have wanted to ship too many votes to the even more ignorant Greens, but by the time of the Autumn Statement, perhaps the more idiotic policies (oil's going to be produced somewhere, & we've only so many football clubs to sell to the Middle East) may have been forgotten.

Not saying it won't be bad for producers - just maybe not as bad as feared, whether that's new production licences, or not entirely ending expensing.

[kibes] 23/7/2024 08:33

In the current situation I think Serica should announce a new strategy away from the UK. The North Sea assets should be bled dry with absolutely minimum investment and no new projects - this is actually the government's stated intention. The profits from this, still significant, should be used to purchase assets abroad in regimes wanting to encourage oil and gas development. In this context I think they should cancel dividends and refocus the cash into new assets abroad. Perhaps a merger with a non-UK company which has assets but needs cash would be the quickest way forward.