Serica Energy Share Discussion Threads

[joestalin] 07/4/2020 12:49

Paying a div when so many others are being "prudent" will enhance the attraction of the company, and increase the demand for shares in it.

I want to see it well over £1 again.

[reallyrich] 07/4/2020 12:06

sitting on all that cash and making cash everyday, so what is the issue of spending 10 million or so on a divi

[lord gnome] 07/4/2020 11:22

So many divis being pulled to conserve cash. SQZ might just see it as 'prudent' (the word of the moment).

[reallyrich] 07/4/2020 10:30

why would we not Lord Gnome? Still making cash, large cash bank

[lord gnome] 07/4/2020 10:08

Wonder if we will still get one, cfc.

[captainfatcat] 07/4/2020 09:59

Wonder if confirmation of the maiden Divi will be enough to push the share price back up over a pound.

Tick tock

Stay safe all

[loafingchard] 04/4/2020 15:20

Thanks Steel, My hats off to the guys out on the platforms helping keep the lights on around the world. Love and light to all the essential workers out there .

[captainfatcat] 04/4/2020 14:41

Touching tribute

[captainfatcat] 03/4/2020 10:33

FB Hopefully a case of no smoke without fire...

[fardels bear] 03/4/2020 10:12

You mean Trump is mouthing off playing Mr Big.

[captainfatcat] 02/4/2020 16:24

Looks like some positive progress on stabilisation of global oil production being made.

[ekon2] 31/3/2020 17:48

thanks for the advice SSU1!!

btw ..nice 14.2% rise today

[sunnysideup1] 31/3/2020 00:54

Oil will hit $10 in US. In fact some trades have already been done at $7. US gas is being exported at 3 Cents

There will be no recovery for several years until 20 million barrels a day overproduction stops. The share price is unlikely to recover.

Serica are good at battening down the hatches. But there is no future in fossil fuels. They should run the oil business for cash and diversify the business to something else. Maybe reverse into a tech company focussing on green technology.

That could their penance for being a polluter. Or Maybe start making ventilators.

[xxx] 28/3/2020 04:48

@steel, cant really see them announcing the prelim results as scheduled, guidance seems to dissuade directors [ it mentioned pressure on auditors + the risk mitigation parts of the statement from memory].
They could put out some selected figures to soothe nerves.

[pineapple1] 27/3/2020 13:51

Well UK gas is now at about 18.7p. Thats quite some fall from its highs.

I,m going to give a lot of credit to the poster Chestnuts who comes in for a lot of flack for his calls.He predicted it. I didn't see it coming but i,ve had it in the back of my mind , so a virtual hat tip for a really good call on Nat Gas.

Lets hope it does not drop a great deal more as it will make life difficult here.
imho

[steelwatch] 27/3/2020 11:56

Hoping this won't be applied here in respect of reporting:

AIM Regulation introduces temporary measures to help AIM companies "navigate some of the challenges arising from COVID-19".

In a rare relaxation of some of the stringent rules on the AIM market the regulators have relaxed a certain rules as summarised below:

Where an AIM company requires more time than might usually be the case to make a compliant announcement (for example, due to unavailability of staff or professional advisers or restricted access to information) , the company can approach AIM Regulation through its nominated adviser to discuss whether a temporary suspension is required. It will be necessary for the company to explain fully why a suspension is appropriate: the decision to suspend is at the discretion of AIM Regulation and, if granted, will be for a limited period of time to enable the company to make a fully compliant announcement.

Currently, once an AIM company's shares have been suspended for a period of 6 months its admission to AIM will be cancelled. AIM Regulation recognises that in the current circumstances logistical issues may mean that further time is needed to resolve the reason for suspension. Accordingly, for any AIM company that has been suspended between 30 September 2019 and 1 July 2020, the 6 month period will be extended to 12 months.

The general requirement for a nominated adviser to make a site visit and meet the directors before taking on a new nomad client has been temporarily suspended provided alternative measures are used (such as virtual meetings). Once it becomes practicable to do so, the new nomads should undertake a site visit.

Under the AIM Rules, an AIM company has 6 months after the end of its financial year to publish its annual audited accounts. An AIM company, through its nominated adviser, is now able to apply to AIM Regulation for a 3 month extension to the reporting deadline. This extension will be available to companies with financial year-ends between 30 September 2019 and 30 June 2020.

AIM will continue to monitor the potential impact of COVID-19 on AIM companies and will provide further guidance as necessary.

[joestalin] 26/3/2020 15:46

Relevant bit is:-

Serica expects to announce its maiden dividend at the time of the 2019 Annual Resultsin April2020.

[steelwatch] 26/3/2020 15:39

water - don't bet on it, LOL

[lord gnome] 26/3/2020 15:12

Almsivi - if there is to be a dividend, it will be announced with the final results. At that time they will also announce the ex-div date and the payment date. All shares in London go ex-div on a Thursday. The process is pretty much the same for all companies. Hope this helps.

[almsivi] 26/3/2020 14:56

Can anyone advise if there's an ex-dividend date published for sericas maiden or are ex-divis only used by large-caps?

[reallyrich] 26/3/2020 13:15

everybody needs water that's a safe one

[steelwatch] 26/3/2020 13:01

Utilities are under pressure: