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Share Name Share Symbol Market Type Share ISIN Share Description
Serinus Energy Plc LSE:SENX London Ordinary Share JE00BF4N9R98 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 4.08% 2.55 2.50 2.60 2.55 2.45 2.45 4,979,481 14:00:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 17.0 -0.2 -0.8 - 26

Serinus Energy Share Discussion Threads

Showing 351 to 375 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
25/5/2021
11:24
Amazing that they require all this cash and are still initiating a buy back of shares
stalker_boy
25/5/2021
11:14
Fundamental problem is the company has to keep investing more cash to offset the (apparently high) natural decline in well production just for production to stand still (and in the last Q it actually still went backwards). Also the Romania field production is already at the capacity of the gas plant - someone has to upgrade that plant (at a cost of ???) in order for production to increase further. Also very sensitive to any falls in oil and gas prices.
on target
25/5/2021
10:56
CP...lots more sellers than buyers? (doh) Seriously, no freakin idea!! Thinking of averaging down but no clue as to where the bottom might be. Director buying hasn't exactly helped, my opinion is that those buys were too little too late and the market has dismissed them. We could do with a few D-buys in the millions. Could also do with a BN forecast update wrt future capex and free cashflow. It seems that the wells themselves are profitable, but they're funding workovers and new wells which results in a net loss. I think solving this is the key to getting the share price to move back up.
lazarus2010
25/5/2021
10:20
Sell in May and go away. That looks like the current market sentiment here. All you need to do is wait for common sense to prevail. Look at that crazy low Mcap. Now get ready for those share buy backs, at this lowly price. DDDD.
dandadandan
25/5/2021
09:47
laz, have you any theory why the shareprice is currently so weak?
currypasty
25/5/2021
09:34
a reminder... Novykluk 13/05/2021 00:23 Posts: 126 Price: 3.20 I was alerted to SENX by Charlie1984. Having since done my own Due Diligence/research in some detail, I'm convinced it's a real gem with considerable upside!! I have concluded the share price is currently ery depressed because of; 1) It's earlier massive $33.7m debt (taken on when oil was $110/brl), 2) Uncertainty due to it's inability to make full interest repayments without default. 3) Depressed oil prices in 2019 & early 2020, and 4) Too much exploration drilling (heavy expenditure) by previous management, without regard for revenue. Those factors resulted in the shares being grossly oversold! But Jeffery Auld (ex-Goldman Sachs - brought in to turn the Co. around), has changed all of that!! Just look at this man's CV!! The opportunity: * Debt now renegotiated and the balance sheet recapitalised. The Co. is now debt free and has cash in the Bank!! * The Bank which extended the loan, has now taken a 9% stake in the company. That's amazing and very positive!! * The Co. has doubled output and now has very strong positive cash-flow. * Production has grown since Q2 2020 and is continuing to grow. * The Co. is now implementing 4 high impact low cost simple "Just Go Do" output increase projects. These target an output increase of 5,670 barells of oil equivalent/day [booe/d] (that's an additional 200% of output!!) over the next 18 months to 2 yrs. * Their lifting costs are just $8.96/booe/d. * The Co. has very low G&A costs!! IMO THIS SHARE PRICE IS ONLY GOING ONE WAY!! A great recommendation Charlie1984, thank you!! FWIW, here are my price target calculations; Note: I've applied a very heavy & conservative Discounted Cash Flow rate of 40% pa. So that reduces the target price by 60% to cater for the 18 months time frame for implementing the output increase projects. So in today's values the target is: Say 7,500 booe/d of output x 300 producing days/yr x $40/brl profit x a P/E of 10 x 0.70 US$ conversion to £'s x 0.40 (DCF effect of 100% - 60% = 40%) So a Market Cap in today's value of £252 million is implied. There are 1,140,660,629 shares in issue This suggests a target price of 22.1p NOW. IMO SENEX's price will re-rate once investors; 1) See further increased output being demonstrated and 2) Understand the upside potential i.e when the "message gets out"!! This stock is currently "under the radar" Others on this Board have flagged-up that Q1 2021 results are expected today (Thursday 13th). And also that Jeffery Auld is making a live Presentation with Q&A's at 5.30pm Monday 17th May. Others have also said, and I agree, it seems very unlikely he'd do that live session if the results were naff! For anyone interested to register to attend the Presentation, the link's here
lazarus2010
24/5/2021
11:47
There certainly is still a size seller at this level. Easy to pick up blocks of 500k+.
divmad
24/5/2021
09:28
The runes are certainly positive here. I've now bought far too many. Just sit back and wait.
honestmarty
24/5/2021
09:16
The directors can see the potential first hand and how undervalued the company is .Roll on end of June and next spud.
cal57
24/5/2021
08:22
Now the wife's are buying something going on here!!!!!
tnt99
21/5/2021
08:06
Chairman bought again.producing over 2,000 boe/d and a market cap of only £25m.Sancrai-1 expected to spud before end of June.Happy to hold.
cal57
20/5/2021
09:19
This is crazy directors buying shares and the price goes down however I find that this often happens before a large move up
tnt99
20/5/2021
07:35
Another director buying.Not huge amounts but at least the directors are buying.Value to be had at these prices.
cal57
19/5/2021
13:34
Very disappointing performance. Just have to hold & see for a bit.
stevie050
19/5/2021
12:28
Looks like plenty of buying but the share price is still down.Maybe a seller in the background.hard to judge.
cal57
19/5/2021
10:56
I averaged down, hopefully that was the right decision.
ashleyjv
19/5/2021
10:39
not enough and market not exactly impressed!! OilmanJim was a bit -ve on the accounting loss and didn't look forward to increased production from low cost workovers and downhole pumps. Average down or cut losses?
lazarus2010
19/5/2021
07:04
Good to see directors buying shares.
cal57
18/5/2021
10:10
Something goin on here.Senx have there founder dumping all his stock and we see it falling.Geoffrey in the past stated reserve life for the wells was 4 years so why is there a decline now.
neo26
18/5/2021
08:15
Not exactly a wave of buying at the open
dplewis1
17/5/2021
18:08
Solid presentation. Numbers and imminent works programmes has this screaming to be bought. Auld is an able and most pleasant character.
honestmarty
17/5/2021
11:07
Agreed, but it's hard to say when a market cap is crazy low when quite a few things have to go in its favour (successful drills / oil price remaining high etc) .. I do hold 250k shares at what I though was the bottom, but there are clearly some who are yet to be convinced of the story here.
dplewis1
17/5/2021
10:24
it makes a profit but then reinvests that profit into new exploration/drilling which should further increase production and hence boost profits even more. In any O&G business, or any business for that matter, there will be a period of investment where capital is invested, and this includes start up capital and cashflow from operations, and that money is ploughed in to develop and grow the business. At some point in time the income will then exceed the costs and hey presto the business makes free cashflow and can pay a dividend, acquire more assets etc.
lazarus2010
15/5/2021
12:06
It's a lowly market cap because it doesn't make a profit though surely?
dplewis1
15/5/2021
10:27
Getting ready for the presentation on Monday. There is obviously a 'overhang' keeping this down, linked to that debt deal. The share buyback should sort this out and the BoD are probably waiting for a double discount opportunity. The market is not rational at times and is fickle about oil stocks with large Inst' Investors wanting to be seen as ' Fit for purpose and Green'.ESG. No debt and Tunisia is about to pump and improve output considerably. Being patient. What a bargain price. Just look at this lowly Mcap. My year end share price target is 6p/7p. DDDD.
dandadandan
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