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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Serica Energy Plc | LSE:SQZ | London | Ordinary Share | GB00B0CY5V57 | ORD USD0.10 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 3.40 | 2.02% | 171.60 | 1,919,295 | 16:35:22 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 171.20 | 172.40 | 173.00 | 169.00 | 172.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 632.64M | USD 102.98M | USD 0.2638 | 6.49 | 656.7M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:22 | UT | 168,510 | 171.60 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/6/2025 | 12:00 | UK RNS | Serica Energy PLC Block Listing Six Monthly Return |
| 06/6/2025 | 15:04 | UK RNS | Serica Energy PLC Transfer of Treasury Shares |
| 28/5/2025 | 16:38 | UK RNS | Serica Energy PLC Long Term Incentive Plan Awards |
| 22/5/2025 | 22:42 | ALNC |  EARNINGS AND TRADING: Block Energy loss narrows; TruFin starts buyback |
| 22/5/2025 | 15:44 | UK RNS | Serica Energy PLC Result of Annual General Meeting |
| 22/5/2025 | 07:00 | UK RNS | Serica Energy PLC Trading and operations update |
| 09/5/2025 | 13:19 | UK RNS | Global X Management Company LLC Form 8.3 - Serica Energy plc |
| 09/5/2025 | 13:08 | UK RNS | Global X Management Company LLC Form 8.3 - Serica Energy plc |
| 06/5/2025 | 12:00 | UK RNS | Peel Hunt LLP Form 8.5 (EPT/RI) - Serica Energy Plc |
| 06/5/2025 | 11:18 | UK RNS | J.P. Morgan Markets Limited. Form 8.5 (EPT/NON-RI)-Serica Energy plc |
Serica Energy (SQZ) Share Charts1 Year Serica Energy Chart |
|
1 Month Serica Energy Chart |
Intraday Serica Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/6/2025 | 17:14 | Serica Energy mobile chart | 8,344 |
| 05/4/2025 | 01:29 | P/e ratio | 1 |
| 09/1/2025 | 11:50 | SIGnet Follow-up Meeting on Serica Energy | - |
| 09/5/2024 | 13:36 | Serica Energy | 20,709 |
| 14/1/2023 | 12:21 | serica energy | 854 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:35:22 | 171.60 | 168,510 | 289,163.16 | UT |
| 15:29:49 | 171.20 | 5 | 8.56 | O |
| 15:29:49 | 171.20 | 357 | 611.18 | AT |
| 15:29:49 | 171.20 | 2 | 3.42 | AT |
| 15:29:49 | 171.20 | 299 | 511.89 | AT |
| Top Posts |
|---|
Posted at 17/6/2025 09:20 by Serica Energy Daily Update Serica Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 168.20p.Serica Energy currently has 390,426,423 shares in issue. The market capitalisation of Serica Energy is £668,410,036. Serica Energy has a price to earnings ratio (PE ratio) of 6.49. This morning SQZ shares opened at 172p |
Posted at 11/6/2025 22:05 by lord gnome I think that's just a case of people trying to rationalise why the share price is where it is at any given time. When the share price is flat on its back there must be a bearish reason, when it's going for gold every view is bullish. Sentiment is all. |
Posted at 09/5/2025 08:49 by oilinvestoral Probably relief from those who were on the sidelines during the ENQ merger. Bounty has called this one right. The divergence in share prices over the past week is even more pronounced. Wouldn't mind seeing a share price chart overlayed with both companies. |
Posted at 18/4/2025 13:50 by stemis IF there is a merger, I'd be surprised if the current high level of dividend yield (at the moment 19p on share price 125p = 15.2%) is maintained. IF the merger takes place, SQZ shareholders will end up with ENQ shares. ENQ have recently declared a dividend of 0.616p, which on a share price of 13.5p is a yield of 4.6%.Of course we don't know the structure of the merger but, as an example, if it took place at the current share prices and there was no special dividend from SQZ prior to the merger, you'd get ~9.26 ENQ shares for every SQZ share you hold. So the 0.616p/share ENQ dividend equates to 5.7p/SQZ share. Quite a drop from 19p. If the merger took place at the share prices pre announcement (120p and 11p), you'd get ~10.9 ENQ shares for every SQZ share you hold. So the 0.616p/share ENQ dividend would equates to 6.7p/SQZ share. Suspect they'd have to up the ENQ dividend, but how much is anyone's guess... |
Posted at 01/4/2025 08:21 by stemis I think it's always hard to know 'what's in the price'. Sometimes good results, share price down, bad results, share price up. Despite the cut, yield is 14.4% and, on these results, valuation is 1.9 x ebitdax. So not a lot of 'hope value' in the share price. However, probably not the best time to be doing a merger based on relative mkt values... |
Posted at 08/3/2025 16:51 by oilinvestoral Author: nigelpm Posted on: 08 Mar 2025 For Serica -- An immediate cash return to shareholders- Utilisation of further losses from Enquest- Diversification outside of NS - Enquest have Vietnam/Malaysia assets- Enquest are experts in decomFor Enquest -- Utilisation of further tax losses from Serica (from tailwind)- Scaling up? ------------Nigel Interesting post again! Keep up the good work! I'll address each of those points raised. "An immediate cash return to shareholders": indeed great for SQZ but removes the main benefit for ENQ (SQZ cash and strength of balance sheet)! They have no reason to accept this giveaway to SQZ! None whatsoever! You state "The question then is why do the deal? It makes a lot of sense for Serica but less so for Enquest.": indeed! On the terms you presented, it makes no sense for Enquest ! However I'm sure if you reduced the pay out to SQZ to £50 -£60million and the deal is executed on the basis of a merger of equals 55-45% or even 60-40%, it starts to become a lot more enticing for Enquest!"Tax losses": As you are well aware tax losses can only be utilised by the entity that incurred them (eg. previous TW losses don't offset Erskine profits). That's why tax losses are less useful than some believe! See the previous webinars where the SQZ CFO answered why they haven't been able to better utilise tailwind losses!"Enquest have Vietnam/Malaysia assets". EnQuest are currently 84% North Sea based and the Vietnam assets you speak of are only 5300 BOPD (a drop in the ocean) that they haven't even been purchased from HBR yet! So the overall production base of the new company will be more than 90% North Sea based and less than 10% international! Hardly the most diversified oil company in the world ! I would've hoped SQZ would merge with something like Jadestone that would've given it 33-35% international diversification into ASIA PAC! "Enquest are experts in decom": This statement might have been relevant 15-20 years ago ! It is no longer relevant! You see as someone who works in this industry, I know some of these people! SQZ's head of wells is an ex colleague who has years of decommissioning experience (with other operators)! I also know a number of ex BP and Repsol Engineers who now work at SQZ who have been involved in decommissioning projects worth hundreds of millions! SQZ are NOT lacking in experience in this regard ! That's what I tried to explain to Adam yesterday! Also I know it's a fancy new term for some people but North Sea decommissioning has been ongoing since the 1990s (just less so in the media)! "Scaling up?": This is a terrible reason to do a takeover or merger ! Anytime this was used as a reason for M&A , it ends in disaster. See a few examples in the link below :https://www.linkedi |
Posted at 08/3/2025 11:49 by oilinvestoral Now do I agree with your conclusion (70/30 plus a 250 million windfall to SQZ) ? Well I think you're probably being extremely optimistic and here is my reason why : why would they (the combined entity) borrow 250 million and over-leverage the company just to hand out that much cash to appease SQZ shareholders? I can't see ENQ shareholders accepting/ agreeing to that! What's in it for them ? The whole raison d'etre for this merger is that they want to join forces is to make use of SQZ's stronger balance sheet? If SQZ strip out the balance sheet strength, ENQ may as well remain independent.As an SQZ shareholder, I would accept it (as it is definitely more than I deserve). As a ENQ shareholder I would run for the hills! ENQ would probably looking to present this as a merger of equals and would probably be looking for something around 40% ENQ / 60% SQZ max! With significantly less cash handed out to SQZ than your suggested 250 million dollars. |
Posted at 07/3/2025 18:15 by bountyhunter Despite divis paid and production problems the SQZ share price has still outperformed ENQ albeit by a small margin since the start of the year to yesterday which doesn't say much for ENQ does it!? |
Posted at 07/3/2025 16:28 by oilinvestoral "And remember Al when you were completely shown up on that point also."-------Nigel Yep! The market and the current SQZ share price has definitely proven you to be right on the merits of the tax losses , the value they add and the overall benefit of the tailwind acquisition to shareholders! Lmao |
Posted at 07/3/2025 16:10 by acevalue To me, Serica is a better company than Enquest, which is why I own SQZ and I do not own ENQ. So I'm very curious to know the details of the deal. Furthermore, as an SQZ shareholder, I want to be "up" on the deal, I don't want an even-stevens situation.SQZ price is up 7.47% so far compared to yesterday and ENQ price, which is up 15.60%, based on that (whether right or wrong), the market seems to think that ENQ is going to be getting the better end of the deal, and I'm not OK with that as an SQZ shareholder. What does everyone else think? |
Posted at 07/3/2025 14:17 by mirabeau Serica and EnQuest explore North Sea mergerOil and gas producers sketch out an all-share tie-up after years of sliding share prices Serica and EnQuest explore North Sea mergerPublished on March 7, 2025 by Alex Hamer The flight of investors from North Sea shares has driven Serica Energy (SQZ) and EnQuest (ENQ) to a potential all-share merger. The companies said on Friday the tie-up would result in greater “scale and diversification&rdqu Serica is the larger producer, with a market capitalisation of around £500mn. This is a significant drop from its 2022 peak of £1.2bn, reached as cash flow surged on higher energy prices following Russia’s invasion of Ukraine. EnQuest’s market value has also tumbled in recent years, going from a peak of almost £600mn in 2022 to £207mn currently. The Energy Profits Levy (EPL) has knocked the valuations of North Sea productions alongside lower oil prices, with Serica CFO Martin Copeland saying in January the 78 per cent tax rate had made it “incredibly difficult” to bring in new investors. Serica also missed its initial production guidance for 2024 after outages at the Titan and Bruce fields, further knocking the shares. The proposed merger would see EnQuest take over Serica. Despite being the smaller company in valuation terms, as it has a main market listing while Serica is on Aim. A merger would also bring together both companies' built-up tax losses, seen as an asset given they offset corporate tax. EnQuest has around £2bn of tax losses while Serica had around £850mn as of mid-2024, acquired through the “Although discussions are ongoing, it is currently envisaged that the possible transaction will be structured as an all-share offer by EnQuest for Serica by way of a reverse takeover under the UK Listing Rules,” the companies said. “It is expected that the possible transaction would involve a return of capital to existing Serica shareholders conditional upon completion…an The combined entity would produce around 80,000 barrels of oil equivalent per day (boepd). Both own assets directly east off the coast of Aberdeen, although do not have any major holdings together currently. EnQuest chief executive Amjad Bseisu was a Serica director when it was founded in 2004, although only served on the board until 2005. Analysts expect Serica’s sales to rebound to nearly £800mn in 2025, on higher production, and for a 50 per cent rise in cash profits compared with 2024 to £470mn. Management at Serica has previously talked of adding to the North Sea assets. Chief executive Chris Cox said this fitted with Serica’s counter-cyclical approach. “People might find that a little bit odd, given where we are with the tax regime and uncertainty over the future [but] my view is it can't get much worse in the UK,” he said. “I think there's lots of companies that either want to exit the UK or reduce their exposure to the UK. And we could be in a good position to take advantage of that.” EnQuest’s sales have been sliding for some years, impacted by lower prices but also declining production. Output was close to 70,000boepd in 2019. |
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