Serica Energy Share Discussion Threads

[stemis] 18/5/2024 18:44

You don't know my views on any of those, but best to leave it there...

[stemis] 18/5/2024 13:50

Yeah, probably best we do

[farmscan] 18/5/2024 13:38

I thought the discussion had reverted back to Serica?

[bountyhunter] 18/5/2024 13:31

>> "It's ridiculous to describe Sunak.."

Now you're splitting hairs.

[stemis] 18/5/2024 13:13

It is ridiculous to describe Sunak as socialist. Socialism is characterised by social ownership of the means of production, as opposed to private ownership.

However the difference is I didn't describe you as ridiculous.

[bountyhunter] 18/5/2024 13:04

How about calling someone's opinion ridiculous Stemis? Pot kettle.

[kenmitch] 18/5/2024 12:04

I agree with everything in SteMis’s post…..but also agree it’s best now to get back to Serica.

[bountyhunter] 18/5/2024 12:02

Good points Yas, I agree 100%.
Now where were we with Serica ;-)

[yasx] 18/5/2024 11:40

Anyway, better to stick to Serica - which at current prices seems to me a rather good opportunity.

[yasx] 18/5/2024 11:39

Natural Conservative - that made me fall from my chair with laughter. As for Brexit, it has never been delivered properly, not least because there has never been any intention to do it. Look at those in charge of delivering it - May, BJ, and Sunak - hardly patriots. If one looks back at BJ's notes from prior to 2010 he was entirely pro EU. One does not suddenly change view beyond fifty years of age - BJ was simply going for the Brexit angle in order for personal gain. Once he realised that the establi9shment is anti brexit he changed tone and gave the half baked, half-boiled not quite brexit version of Brexit after several years of dithering by May. Sunak 9anohter fake Brexit supporter) then came in and appointed Badenoch who refused to implement any Brexit initiatives.

One of the reasons why many voted for Brexit 9rightly or wrongly) was to impede immigration - so Sunak has ensured it has risen exponentially since he took charge. Now the electorate foolishly links alleged implementation of Brexit with rising immigration levels.

BH- Stop the boats and Rwanda is a deliberate distraction - just look at a chart showing increased ' legal' migration from the Indian Sub Continent and non-Eu over the past two years. It has gone into another orbit. All this is countenanced by a spurious hardline non-compassionate stance on stopping the boats, the latter representing a negligible fraction of overall migration such that it is in effect irrelevant in the overall scheme of things.

But, they need those with nil ability to think or analyse critically (Stemis being a prime example) to soak up the narrative of being tough in order to get these things through.

[stemis] 18/5/2024 10:53

It's ridiculous to describe Sunak (or his policies) as socialist. Starmer is not particularly even socialist. The Conservative government since 2019 has been characterised by incompetence, corruption and nepotism. The Conservative party has been hollowed out and destroyed by Brexit to the extent that even natural Conservatives like me (who is still a member at least for the moment) are planning to vote Labour. I've seen two fundamental shifts in public opinion in my life. In 1979 when Thatcher was elected and 1997 when Blair won. This feels the same. The electorate have made up their mind and I don't think that there is anything the Tories can do (change their leader, change their policies) to alter it. I don't think it's Sunak's fault. Coming after Johnson and then Truss, anyone would have struggled to be taken seriously.

[bountyhunter] 18/5/2024 09:50

I agree, unfortunately Sunak's 'policy', if we can call it that has been to implement Labour policy(!), other than pursue the failed Rwanda plan - which has cost how many hundred million to date and delivered nothing? He doesn't really doesn't care two hoots, other than for extending his own failed premiership for as long as he can, given his family's wealth mainly attributable to his wife's very significant offshore income and assets.

[yasx] 18/5/2024 09:01

BH,

Correct - in any event, the primary tool for controlling inflation is interest rates - which are set by BOE not Sunak.

Sunak has destroyed the Conservative party but it all appears deliberate and that was the role given to him.

You can change the actors )Sunak, Starmer etc) and the parties but the ‘system’ is the one writing the script. Hence there is no point in casting a vote since this is not a functioning democracy.

[bountyhunter] 17/5/2024 19:13

Spot on yas. Sunak has been more Socialist than Tory and failed on so many fronts including on the Rwanda policy which has cost umpteen millions and delivered nothing. Ok inflation is down but that would have happened anyway as energy prices have dropped back significantly from their peaks (but not the wft), it's it's no thanks to Sunak or the BOE.

[yasx] 17/5/2024 13:34

The only capable chap in the Tory party is JRM - but the mainsteam press tarnsihed his image when he was deemed a real threat and was gaining popularity some six or seven years ago.

Whatever one thinks of him, he is articulate, intelligent and generally can back up his policies with some meat on the bones. Unlike the robotic Sunak who churns out endless repettitve meaningless guff.

[yasx] 17/5/2024 13:31

Stemis,

Give me strength - Mordaunt - chuckle chuckle. One ex minister who worked alongside her described her as being completely incapable of running any sort of department, let alone the country.

As for the 100 vote threshold, that was rigged by Brady in order to facilitate what the 'system' had indirectly suggested to the MP's. There is a reason why Hague, Cummins and Dougie Smith had ensured that Sunak was granted the Richmond seat, catapulted for no obvious reason by May and then Boris had his hand forced to give him the Chancellorship- a meteoric rise for a guy that has nil connectivity with the electorate, then got rejected by his own party but was still shoehorned into position. Clearly the remit was to ruin the Tory Party, pave the way for Stammer and eventually rejoining the EU.

Some democracy.

Meanwhile, under Sunak (both as Chancellor and PM), debt has increased by over one trillion and there is nothing at all to show for it, save for a few dodgy bounce back loans and a track 'n' trace product that makes some AIM Co's look like shining examples of corporate discipline.

Anything else? No, thought not.

[stemis] 17/5/2024 12:23

Sunak was effectively chosen by MPs because no other candidate was able to obtain sufficient support to meet the 100 nomination threshhold to take it to a run off. The main criticism actually seems to be that the membership didn't get a chance to vote.

Still not sure who you think could turn their fortunes around. Personally the only one I think would make a credible leader is Mordaunt (although I have at least 3 major issues with her). But even she couldn't save the sinking boat.

[bountyhunter] 17/5/2024 12:10

A leader elected by Tory MPs rather than someone shoehorned into place.

[kenmitch] 17/5/2024 11:54

No Nigel. My views on buybacks haven’t changed. The vast majority are a waste of money but there are, as I’ve always pointed out, exceptions. e.g Next …who only buyback when confident the share is too cheap and who have halved the share count. Their buybacks have supported the share price.

Companies like ABRDN who have been spending multiple £millions on buybacks for five years starting at £5 share price and now £1.50 have not “rewarded shareholders” or “returned money to shareholders,” as they claim. They have simply wasted a lot of money. Examples like that one are endless.

Don’t know what to make of SQZ buying back. The share is too cheap and fewer shares in issue might mean they can maintain the now huge dividend. Against that, Companies justifiably moaning about the idiotic witholding tax and punitive North Sea taxes, and bonkers North Sea policy of both Labour and Conservative, don’t help themselves when then showing they have enough spare cash to buyback their shares.