Serica Energy Share Discussion Threads

[bountyhunter] 20/11/2018 18:36

I nearly said the same but expected to be told "it's gas here"(!) but the two are linked and I agree 100% that that's the reason for today's decline as with other O&G stocks. ...and of course there is some oil being produced, we hope.

[steelwatch] 20/11/2018 18:35

reaction to oil price

[autographs] 20/11/2018 18:12

Why the 6p loss today? News supposed to be soon. Big risk dipping in and out.

[bountyhunter] 20/11/2018 09:50

Yes Dh I bit my tongue over there today. Pile in at 3p? Lol. Maybe I'll pick up the 1 for 9 but not excess.
Could come good in the end given the Irish potential if we EVER get a decent farmout! Wrestle has been very frustrating there and Morocco is risky - look what has happened at Sou.

[dunderheed] 20/11/2018 09:47

Good news over on EOG eh bounty!!

[bountyhunter] 20/11/2018 08:51

Wouldn't trust Corbyn & McD though if they ever get in!

[almsivi] 20/11/2018 08:49

I was very, very lucky to be able to transfer all of my holding into an ISA when the share price was under 20p. Feels good knowing that Hammond can't touch a bean.

[almsivi] 20/11/2018 08:45

Lord Gnome - no, my post is/was in broad agreement with what you wrote. I don't see it as feasible at all that Serica can get a FTSE listing - especially while under AIM rules for the reverse takeover.

My point about listing on other exchanges is that at one point, Serica were dual listed in Toronto as well as AIM in London - they voluntarily delisted in 2015 to both save money and streamline their brokerage efforts. My question therefore is whether Serica would countenance a return to TSX or another foreign exchange to make themselves more marketable?

[dunderheed] 20/11/2018 07:49

Yes there used to be a 2 year (aim) rule many eons ago which dropped cgt rate to 10% (I think) but long gone unfortunately.

[lord gnome] 20/11/2018 07:46

Correct steelwatch. The only way to avoid CGT is to use an ISA.

[steelwatch] 19/11/2018 23:25

...more here:

[steelwatch] 19/11/2018 23:14

jackspratt - I'm no tax expert, but I thought it was Inheritance Tax, rather than CGT.

[jackspratt] 19/11/2018 22:46

Not sure if I've got this right but - my understanding is as an Aim listed Co if you hold a stock for 3 years you don't have to pay CGT on any gains. If we moved to FTSE how would the CGT thing work, lose that benefit?

[bountyhunter] 19/11/2018 21:34

A doubling of the share price is not out of the question within the next year imho
To some extent it would depend on gas & oil prices and also we do need decent and sustained production from Erskine on top of the BKR, BK, BHP and Marubeni deals completing as planned.

[lord gnome] 19/11/2018 21:29

Ok, so the market cap of the smallest FTSE250 constituent is north of £700 millions. In that case Serica would have to more than double its share price to qualify. Nice thought, but not yet awhile.

[captainfatcat] 19/11/2018 20:41

Move to a main listing would be a big plus in my book entering and inclusion in the ftse250 would mean exposure to and inclusion in the 250 tracker funds.

[dunderheed] 19/11/2018 20:35

Yep last time I looked ft250 was about 700mm GBP as well?

[pineapple1] 19/11/2018 20:17

I think it was steelwatch that linked this which i bookmarked...

[almsivi] 19/11/2018 19:40

Some folks on the other board are convinced that Serica will make a move to the FTSE index once the BKR deal completes. However, reading the admission document, it appears that AIM Rule 18 & 19 specifies the generation of 3 reports, June 2019, Sept 2019 and June 2020.My initial thought would be that if Serica have to provide these reports as a result of the reverse takeover, they can't very well leave AIM while under the auspices of its rules, can they?I do however recall that we were listed on the Toronto stock exchange for a while. Is a listing on another exchange a feasible outcome to attract investors?

[pineapple1] 19/11/2018 16:43

I,ve seen no new notifiable holdings or sale RNS for some time. So it seems large holders are not selling and haven't added either. Who is pushing this higher.
Seems quite a sustained rise for no new 3% to turn up .
imho

[obmuj] 19/11/2018 16:31

fozzie - yes your mention of HUR; this has plummeted as the FPSO gets nearer and the exciting start of production in next month or so (or just into Q1 '19). Typical.
I bought in at 53p thinking a great entry point and they look like breaking through (down) to 39p.Must be worried the ship won't make it to the buoy.
SQZ is holding me up nicely at the moment to make me feel better.
Roll on end of the month.

[steelwatch] 19/11/2018 16:20

Couldn't help smiling when I read this, though it has little bearing here 😉

[fozzie] 19/11/2018 14:35

Needed to counteract the dreadful performance of HUR, TRIN, TXP, DGOC etc etc