Serinus Energy Share Discussion Threads

[the donald] 26/4/2021 07:33

Robin Mayes posted this on Friday on twitter...#SENX Huge late print come up 79,543,312 share sale. Seller has been taken out. I was part of the buying consortium. Unless another seller appears, it should go up. Drilling the Sancrai well in May.

[honestmarty] 26/4/2021 07:19

Kulczyk had decided to move away from hydrocarbon investments.

There was a poster claiming to have been part of a syndicate, organised to clear out the Polish holding.

A bit of news on the date for Sancrai well is due. Price action now that the overhang is cleared will be very interesting.

[gah123] 26/4/2021 07:16

Boom seller out. This is massive, let the re rate begin. First target 8.5p, in line with broker target. By end of this yr 15p is possible dependant on increase in production!!

[the donald] 26/4/2021 07:11

Brill news. Re rate from today. Glad I have loaded up!

[cal57] 26/4/2021 07:10

Kulczyk selling completed.That's the TR-1 we were waiting for.

[the donald] 25/4/2021 22:38

Laz, someone put me onto this recently who has a huge holding. Toon also mentioned it weeks ago but I never researched it then. Glad I did recently and have built up reasonable holding now. Should see some rapid moves up once quarterlies spell it out in a the next 2/3 weeks.

[lazarus2010] 25/4/2021 14:20

Thanks for posting The Donald, vindicates the belief I had when I read about this company and bought in at 3.9p!Have topped up at 3p and might he a few more if it stays this low for much longer!

[the donald] 24/4/2021 14:46

Cheers, edited now :-)
That's 8.5p now, not including future drills and work overs.

[on target] 24/4/2021 11:09

Did you miss a bit off the end there The Donald?

[the donald] 24/4/2021 10:30

Upgrade

Cash compounder
Serinus Energy plc (SENX:LON) | 0 0 0.0%

Shore Capital
Craig Howie

18 pages


Oil & Gas - E&Ps image

Following Serinus Energy’s refinancing towards the end of last year, and recently issued prelims for FY2020A, we are pleased to introduce forecasts for this production-led operator in Romania and Tunisia. Whilst we had always fully appreciated the transformational impact of December’s debt-to-equity conversion deal, we are now struck by the significant cash generation indicated by our forecasts following a detailed modelling exercise. We expect low development costs, a progressive ramp-up in production and stronger realisations to translate into funds flow from operations (FFO) exceeding US$15m this year and next. In addition, after an estimated ~US$20m capex programme through FY2021/’22F, we forecast material free cash generation and, consequently, a growing net cash balance. Based on our FY2022F numbers, Serinus trades on an EV/FFO ratio of ~2.5x and an equity free cash flow yield approaching 20%. In our opinion, these metrics are based on assumptions which are conservative and readily established with reference to reported performance. We therefore have confidence in our numbers and highlight Serinus as a high-quality cash compounder driving growth at low capital cost. We initiate coverage with a Risked NAV estimate of 8.5p/share.

[gah123] 23/4/2021 12:02

Reckon we will get more delayed sells after close. Volume could be more than 100m by 4.30

[the donald] 23/4/2021 12:00

Approaching 50m share volume. Gonna be a good afternoon to watch.

[billthebank] 23/4/2021 11:37

Hope you are right!!

[gah123] 23/4/2021 10:21

Looks like seller will flush out today, just bought more!!

[the donald] 23/4/2021 10:17

2 5m trades at 3p just popped up. Guess they are buys at that price with huge sells at 2.6p. Great volume

[neo26] 23/4/2021 10:12

LazarusThey were not desperate, they purchased at 2p.Profit for them

[the donald] 23/4/2021 09:48

TR1's for increases welcome too :-)

[the donald] 23/4/2021 09:47

Good buying volume so far with several delayed buys coming through.

[badger60] 23/4/2021 09:44

Nice to see Quercus Towarzystwo Funduszy Inwestycyjnych S.A. buying a few

[the donald] 23/4/2021 09:36

Usually TR1's follow within 3 days.

[honestmarty] 23/4/2021 09:35

Where is the TR1 for the 78 million whale?

[honestmarty] 23/4/2021 09:29

Determining whether individual trades are buys or sells is pretty meaningless.

The larges ones are both, trades are often reported after variable delays, players with DMA, false spread.

A rising price and a huge volume is your best guide to the underlying market in this equity.

[lazarus2010] 23/4/2021 09:23

that's roughly 148mln shares sold this morning and whoever it was seemed to be desperate to cash out and was willing to let them go at 2.6 in the main. Must be pretty close to clearing this overhand which usually means just one thing...onwards and upwards!!

[dandadandan] 23/4/2021 09:18

Just check out the NAV of SENX.
This Mcap is crazy.
Far too low.

Now that the seller of those 79.5m has moved on it must be time for a TR1.

This share price is heading for its next resistance level according to my chart 6p/7p.

Those late trades look like someone had fat fingers after hours.

DDDD.

[honestmarty] 23/4/2021 09:14

There must be a holdings RNS.

I can't wait to see what sustained buying will do, if this is the overhang cleared.