Serinus Energy Share Discussion Threads

[patio58] 05/5/2023 08:56

Something stirring here.

[researchcentre123] 04/5/2023 08:02

I guess there's no way of doing that in an app? I use Hargreaves Lansdowne - do I have to write to them?

[trader4ever] 03/5/2023 09:06

Use you voting right to remove J.Auld and rest of the incompetent management. Send it through your broker. Otherwise they will also destroy what ever is left

[dave4545] 02/5/2023 06:40

£5.4 mil market cap

Perhaps time for a rally and yes the boss does take way too much of a salary from the business but the shares could double and still have a low market cap here

[trader4ever] 28/4/2023 08:06

Management of this company is bunch of Crooks and Fraudsters. They are useless as piece of Junk.

[badger60] 27/4/2023 07:10

How much does Auld need to prove up the 25pps asset valuation....when he can't even find the assets? Overheads last year were 13 Mio USD....which produced zilch, and in the meantime existing production is falling in a much lower energy price environment. Arguably the 25pps asset valuation is highly overstated.As for Auld and his crew they will continue to milk it for themselves .....and sod the shareholders.

[researchcentre123] 24/4/2023 07:00

Given current asset value of 25p per share, there's some protection there for shareholders. However if Auld continues he shld forgo a big chunk of his salary for some out of the money options or some similar deal. This would seem reasonable. I can't see him getting a comparable package elsewhere so he should be open to it.

[researchcentre123] 24/4/2023 06:55

In fairness I don't think we'd be having such harsh conversations if the Romanian supertax hadn't suddenly appeared, which is not far off partial nationalisation. The real question is what can be done in Tunisia. Issues do happen so will they be able to either fish out the coil stuck in the well or drill a hole by it? And how about the other hole? Auld has two options to help to turn the fortunes of this company. Let's see how this develops.

[researchcentre123] 23/4/2023 09:21

Needs an entrepreneur out there suitably rewarded on the upside. Mr Sneller or Crux if you're reading this and can find someone I'm sure you'll get shareholder support. Mr Auld seems to be a banker but not so good at the details. Really needs someone who has more technical knowledge and appropriate motivation.

[researchcentre123] 21/4/2023 10:48

Here's your hero: https://youtu.be/QXRTVqkD7FMIt makes me wonder if as this is a small company it needs a more hands on person

[trader4ever] 20/4/2023 10:23

for the future of this company J.Auld must be removed. Otherwise this company is doomed. He has already wasted three years and huge amount of money delivering failures

[researchcentre123] 20/4/2023 08:49

Profits went down from 5 to 1.6m and if the chat boards are anything to go by, noone here, myself included has great technical understanding of the oil business, leaving shareholders to rely on their faith in management. Unfortunately after a few actions that didn't work out, small shareholders have lost that faith and many sold driving down the share price. So yes, company is very underpriced especially in relation to its net assets (over 25p per share). The fix is improving the company on one hand (either current bod get act together or are replaced) and better communication. At that point it Cld be a multibagger but needs some work.

[badger60] 20/4/2023 08:41

I think it's because the current reserves are quickly running out with no new reserves being found. Also because the company is being run into the ground by a cretin CEO called Auld.

[tnt99] 20/4/2023 08:31

Can someone explain to me why this company made 5 million and is valued at 5 million and they have just done a 10 for 1 consolidation seems crazy cheap to me

[researchcentre123] 20/4/2023 08:13

The fact remains though that this is trading at less than 20 pct of asset value so there is plenty of upside if something is done to correct the public's view of the management.

[researchcentre123] 20/4/2023 08:10

I shld add I'm not knowledgeable enough to say whether Mr Auld has been just hit by a string of bad luck or is truly incompetent. It doesn't look terribly good to me that there wasn't a plan in place for what happened on W1, but then again I'm no expert. However it does seem unreasonable given the size of the company to unconditionally pay someone that much, especially when the company has been going backwards. It would make more sense to reduce the salary dramatically with a system that management do very well when the company does.You can do that with a PLC in ways you can't with a private company. Of course whether Auld would have enough faith is a different story. Perhaps Mr Sneller could put this suggestion forward.

[researchcentre123] 20/4/2023 07:20

Mr Sneller and Crux have 20% between them. If the 20 people on these 2 boards is anything to go by, if they had someone good I expect they'd get small shareholders support. My main concern is lack of alignment in interests between shareholders and BOD ie they don't own much but are overpaid relative to profits

[mint1111] 19/4/2023 11:57

........or get Richard Sneller and a few iis to take him "for a walk".....

[researchcentre123] 19/4/2023 11:35

So how would one go about replacing him? I see one shareholder has crux asset management with a chunk of shares - perhaps they could lead the way? At the very least there shld be a restructure where management are paid options rather than cash

[researchcentre123] 19/4/2023 02:59

Does anyone know how Auld was appointed with such a large salary? The normal thing would be lower salary plus options so interests are aligned.

[trader4ever] 18/4/2023 13:30

J.Auld is so incompetent that he would not be able to get 65k salary outside and he is paying himself 650k salary for delivering consistent FAILURES for the last three years. Current Senior management must be removed to save this company for the future.

[trader4ever] 18/4/2023 12:00

Management of this company is group of Crooks and Fraudsters. Stay away from this company. In the AGM everyone should vote against re selecting this management