Serinus Energy Share Discussion Threads

[manual dexterity] 30/8/2023 09:32

Hopefully that should be the last of the sellers at this level.

[mick1909] 24/8/2023 15:23

I think it could as it could still consolidate more while inventories are still high I'll have a look at it closer to October see where its heading you could trade in between then as can get 50% swings but risky

[mister md] 24/8/2023 15:00

Thanks - assuming a big move happens towards winter, will decay mean price will drop much in the meantime though ? Also only seem to be getting $ quotes for this instrument, not GBP ?

[mick1909] 24/8/2023 14:50

Initially it was the big drop in gas price and when a commodity consolidates those 3 x leverage etfs decay i see michael Burry gone long now on gas the amount of rigs producing has dropped significantly so if tgere is a bad winter it will explode i think like the last rise

[mister md] 24/8/2023 12:19

Mick1909- sorry for off-topic but still intrigued by 3NGL ETF which I know you have traded before - do you know if it has had a consolidation or is the extreme drop over past year or so purely due to the 'decay' effect like 3ULS/VILX etc experience too ?

[badger60] 24/8/2023 01:49

I pity the poor sods who very recently paid 3.5p+ ..........it looks like sub 2p again coming soon.

[badger60] 24/8/2023 01:43

Just guessing here but the undeveloped assets may not be commercial, and there ain't much cash to spend on development work after salaries and general running costs are paid for.The existing producing wells are running dry........which is what Auld and his mates are doing to SENX..................

[mick1909] 23/8/2023 13:54

Last placing i can see was Nov 2020 for 20 mil so not a stock that regularly places i may be in correct though

[trader4ever] 23/8/2023 11:49

check out share price history, they have lost 90% in last three years after raising funds. This is the most incompetent management you will ever come across, they have not delivered any positive news only Failures one after another.

[manual dexterity] 23/8/2023 11:27

Hi Mick. I've built a stake here as well. Sentiment here is rock bottom however looking at it further I've dived in for a stake here.

However I could be wrong looking at my EVG stake.

[trader4ever] 23/8/2023 10:00

Current senior management has no interest in this company, all they want is huge monthly salary as long as remaining funds last. They are bunch of crooks robbing shareholders money for may years

[mick1909] 23/8/2023 08:24

For a company to have a mcap of 2.5 mil and its still making a small profit is ridiculous it needs new management and clarity going forward to drive this now as the ceo has crushed shareholder value and sentiment

[researchcentre123] 22/8/2023 16:00

£4000 of shares sold and it drops 10%! If even the worst businessman on the FTSE (Auld) regards this as cheap to buy, it must be. It wouldn't take many buys to raise the price significantly

[griffin63] 21/8/2023 10:44

They're not gonna be there much longer.

[trader4ever] 21/8/2023 10:28

Three years ago J.Auld raised funds at approximately 25p per share (post consolidation) and within three years he has wasted all the money) Paying himself and his incompetent management huge salaries without delivering any shareholder value. So from 25 p to 2.5 p lost almost 90% of the share price in three years.

i hope he is not able to raise more fund as he has no credibility left. he will definitely destroy the remaining cash as well what ever is left.

In the last three years NO success only delivering FAILURES consistently.

For new investors, be very careful before investing in this company, It is run by the most incompetent management you will ever come across. They are only interested in paying themselves huge salaries.

[manual dexterity] 20/8/2023 11:24

Rns finally dictates the seller has departed. With the new buyer we will have to wait to see whom is whom however equity has been taken up.

[mick1909] 18/8/2023 22:05

Whats he need to call a egm to propose this? And id imagine who is recommended that pi's will vote as well as they been shafted big time

[researchcentre123] 18/8/2023 21:27

Must be him. He looks like he knows what he is doing ....and probably smart enough to find a new CEO and put him up for election which I don't think he'll have trouble finding support for

[mick1909] 18/8/2023 16:15

https://www.gurufocus.com/insider/13912/michael-j-hennigan

[researchcentre123] 18/8/2023 14:36

The oil guy seems more likely - this guy is just a quantity surveyor.

[bigger is better] 18/8/2023 14:31

Of course, it's he, buys the company off the market; he could make £3m-£4m by running it for him.

You buy the company for £4m-£5m, capex and opex paying for themselves, you get £2m-£3m return.

Investors paid all the Capex and infrastructure.

[mick1909] 18/8/2023 14:18

Www.fticonsulting.com/experts/michael-henniganSomeone posted on lse its probably more likely to be him

[ulsterman73] 18/8/2023 13:17

If its the same person then this will be propelled north at great pace. To me it seems too much of a coincidence but time will tell. Another Tr1 of increased holdings then it could awesome

[mick1909] 18/8/2023 13:11

No worries it was your find this morning that got me thinking though the TR1 shows residency as uk but marathon petroleum is US based so you'd expect him to reside there so maybe not him??