Serica Energy Share Discussion Threads

[sawney] 22/2/2018 17:53

Thanks for that Mesquida

[mesquida] 22/2/2018 17:48

The sales have been made by Hargreaves Hale, and are on behalf of their discretionary clients. If you look at the relisting document (late January, some 300 pages long ) then you will see that they then had 18.5 million shares (approx) which was about 7%. Clearly they have offloaded about 5 million since the relisting, but let's be realistic, discretionary accounts do tend to get churned! What surprises me is that a disclosure was not made when they first went below 6%, which is what they were legally obliged to do!
One can only speculate as to what level the share price might have risen to if these so called professionals had not decided to bank profits!

[chestnuts] 22/2/2018 17:20

Maybe its to do with USA and sanctions with Iran maybe they have USA clients

[sawney] 22/2/2018 17:14

It's dated 20th December 2017

[chestnuts] 22/2/2018 17:11

Sawney

Well noticed but i wonder when Sericas sharholders page was updated, it does look like they have sold 3.5m

[sawney] 22/2/2018 16:58

According to the "shareholder info" it appears they've offloaded around 3.5 Million shares in the last 8 weeks...



I wonder if they bought a few when the markets dipped last week...even I bought a few.

Be interesting to see which direction the next RNS holding goes...

[steelwatch] 22/2/2018 16:50

...or, rather, unknown clients of Canaccord:

[mr.oz] 22/2/2018 16:40

I saw the RNS stating the opposite ; they are loading up

[sawney] 22/2/2018 16:14

Can't see the price moving much, even with a restart, if Canaccord are offloading...?

[fardels bear] 22/2/2018 16:07

It's not as material now though as it was then.

[captainfatcat] 22/2/2018 15:45

I am just mindful of the interruption in production in 2016

[chestnuts] 22/2/2018 14:46

Captain
Have a read up on how they unblock apipeline with a pig in it, they have 2 problems one is the pig the other is the wax that stopped the pig in the first place, but i agree they should be well on the way of getting the pipeline open.

[captainfatcat] 22/2/2018 14:43

Its been a month now since we had the RNS on the pipe blockage surely a update on progress here is now due?

[fardels bear] 22/2/2018 14:42

I don't think I'd have any trouble selling them. ;)

[bountyhunter] 22/2/2018 13:53

especially golden tickets

[fardels bear] 22/2/2018 09:57

I'm glad I'm not selling tickets.

[fardels bear] 21/2/2018 12:52

Well, they never were daft..

[bountyhunter] 21/2/2018 12:43

CANACCORD now have 5%+

[fardels bear] 21/2/2018 09:42

Hmm. I just don't think that Erskine should be having such a dampening effect. Unless we are to call mkt cap of £217m fair value for the current 8,000 boepd production...

Did anybody see this month's Hargreaves Lansdown newsletter? They are recommending Just Eat at a P/E of 34 and Dominos Pizza at P/E into the 20s. What's ours, 2?

[chestnuts] 21/2/2018 09:41

Its interesting that uk gas prices are rising they are 55p if they can get past 60p we could well hit 80p a therm , and that would be brill news for sqz

[captainfatcat] 20/2/2018 20:10

Hopefully not to long to wait now fingers crossed, happy to see the share price tick up slowly while we wait.

[rathean] 20/2/2018 11:07

Looks like we're in a trading range with a 86-87p ceiling. Don't expect much movement above that until we get positive pipe news, happy to hold medium term with a 120p target.

[fardels bear] 19/2/2018 13:21

It'll have to be Captain America, then.

[dunderheed] 19/2/2018 13:20

No chesty was looking to buy some and do see it as reasonable value today but would prefer to keep money in sqz?
It's a shame because worked previously with some 'of them' and had I bothered to stay in contact would certainly have taken a punt on them much earlier!!