Serica Energy Share Discussion Threads

[fardels bear] 23/8/2019 20:30

It was only one comment. And if it's silly why do you keep telling us?

[quemaster] 23/8/2019 20:21

What trade watchers need to take into account is that every company has a "market size" this is the minimum amount of shares that should be available at the quoted bid and offer prices, for SQZ this is 10,000 shares.

Trades below 10,000 and AT trades should be reported as they happen but trades above "normal market size" can be reported late so the best guide is the share price.

[nigelpm] 23/8/2019 19:32

If you know it's both why the silly comments?

[fardels bear] 23/8/2019 18:53

But again we have no idea when the trade actually occurred so there's no way to tell if it's a buy or a sell. And yes nige, I know that they are all both.

[fardels bear] 23/8/2019 16:43

No interest. 80p. Shows him up for what he knows. A numpty and nowt..

[fardels bear] 23/8/2019 16:40

There's another 226657 showing earlier. Looks like a rollover to me.. Hapenny more on the later trade..

[spandy83] 23/8/2019 16:27

Ahhhhhhhh that feels better

[rizler] 23/8/2019 15:27

Wonder what that whopper was (226757). Whether it was a buy or a sell

[joestalin] 23/8/2019 10:55

" Maybe a proper chartist can illuminate"

Like a lighthouse in the desert - brilliant but ultimately useless!

[rathean] 23/8/2019 10:25

Someone who knows what a cup and handle means other than its time for another brew...

[fardels bear] 23/8/2019 09:16

A proper chartist?

[rathean] 23/8/2019 08:16

What is that, a bowl, a kids W?? Maybe a proper chartist can illuminate, looking like it's broken through its short term falling channel, next resistance circa 122... imo dyor ofc.

[rathean] 22/8/2019 10:37

It's like BritishBulls automated trade signals. On some stock it's almost always wrong, others right most of the time. A useful addition to a wider range of analysis tools, fundamentals for me are a fat bank balance, highly cash generative and I suspect in the medium term deal making as big oilers continue to leave the area imo dyor ofc.

[kcr69] 21/8/2019 11:50

the abbot....for my sins yes....from Tap days rather than R1. Apologies all for brief off topic.

[kcr69] 21/8/2019 11:21

the abbot, have you had a look at MarketScreener. I can't vouch for its accuracy with regard to Serica, however where I have been able to cross reference with broker reports that I receive, the information supplied by the site has tended to be fairly accurate and indicative of 'market expectations".

A link to the Serica page is attached below. Others may know the site better than I and advise of either its usefulness or not, however as an additional tool in the toolbox I have found it fairly useful.

hxxps://www.marketscreener.com/SERICA-ENERGY-PLC-4005481/revisions/

In short the estimates supplied have changed quite frequently over the past 6 months to both the up and down side, and variations from broker to broker appear quite large, however overall I would suggest current market expectations (based on information from the site) are for revenue in the vicinity of £280m - £300m and earnings from £85m - £100m (cash would obviously be higher).

My own feel is that these are on the safe and conservative side, but either way Serica remains extremely cheap at a PE of no more than 3.5, reducing considerably further going into FY20.

[bountyhunter] 21/8/2019 11:07

at least there was until a few minutes ago when the ATs started

[bountyhunter] 21/8/2019 11:06

There's a very wide spread today

[dunderheed] 21/8/2019 09:29

I think there are far better examples of injustice in real life that really should concern u more nige, no?

[nigelpm] 21/8/2019 09:21

I believe in justice Pineapple - anyway - apologies for rambling on.