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 Shares Traded Last Trade
  0.30 9.84% 3.35 6,816,362 13:19:45
Bid Price Offer Price High Price Low Price Open Price
3.20 3.50 3.40 3.05 3.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 16.97 -0.22 -0.75 34
Last Trade Time Trade Type Trade Size Trade Price Currency
14:20:10 O 73,788 3.38 GBX

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Date Time Title Posts
24/12/202011:50Serinus Energy Plc28

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Serinus Energy Daily Update: Serinus Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SENX. The last closing price for Serinus Energy was 3.05p.
Serinus Energy Plc has a 4 week average price of 2.30p and a 12 week average price of 2.05p.
The 1 year high share price is 11p while the 1 year low share price is currently 2.05p.
There are currently 1,027,735,227 shares in issue and the average daily traded volume is 5,466,887 shares. The market capitalisation of Serinus Energy Plc is £34,429,130.10.
tradedesk1: Olderandwiser (lse bb) Posts: 11,366 Price: 2.35 No Opinion Excellent risk/reward opportunity...Today 12:48 ...presenting itself here, at Serinus Energy. 1) Totally restructured balance sheet, now debt-free, with surplus placing funds to start a new pumping additional work development at the Tunisian field, where none had been done before. At all! 2) Friendly insider new shareholder, in EBRD, for 9.9%, locked in for one year. They may hold longer than that, as they are typically long term lenders/shareholders in their developing country investment projects. 3) However, EBRD may take the view that they fully recoup their foregone 50% principal + accrued interest with an equity sale in the future of 4p. They must believe that is quite doable, at a minimum, to accede to this arrangement. 4) Recent placing was clean. NO WARRANTS. 5) Management acquired shares in the placing, at the company's all-time low share price of 2p. 6) Management indication that in the next 2-3 years they can triple boe/d from 2500 to 7500 boe/d+, through a combination of development projects in both Tunisia and Romania. 7) With reduced extraction costs of circa $9/boe, current EBITDA , with reduced SG&A costs, and assuming a conservative average $40 oil, is circa $27mn p.a. (330 days operating). P/CF of 5 times for delivering this level of cash flow consistently, is feasible, or starters. MC £100mn. A 5-bagger for placees. 8) Tripling production to 7500 boepd, same oil price assumption, with expanded reserve life index from the current 10.8 years: potential gross cash flow, $75mn, or £50mn. Valuation? £200-250mn? A potential ten-bagger over 2-3 years? Why not? Risks: 1) Geopolitical in Tunisia. 2) Russian gas pipeline delivery squeezes gas prices to domestic Romanian market in 2 years' time. 3) Management team fails to deliver the resource and production enhancements outlined in the placing. Operational risk. 4) Global recession, falling oil prices.
2toptrader: Divmad, I'm no technical oil man at all, I dare not hazard with a valuation on it as so many variables at play with oilers: management(v important), jurisdictions , oil price, sentiment. If this management executes well and they achieve the stated ambition of 7-8000 boe/d mid term given the low risk jurisdictions, the current mc is very good value imv.
yellowdog: Thanks for the info everyone. Interest on the debt was circa $3m a year so presumably that now goes straight to profit? I've also looked up RS and he is taking some large stakes in a number of companies. 8% of DELT for instance. Also seems to have done very well out of Touchstone -TXP. So I agree one to follow. It's not often a PI can buy in close to the placing price.
2toptrader: This is one of the most compelling o&g plays I've seen recently. MC £24 mil , no debt, current production c 2500 boe/d with clear intention of adding c5600 boe/d within the next 18 months from low risk development work funded from own cashflow. Low risk jurisdictions as well. The game changer was the debt for equity swap from EBRD which essentially adds instant value for equity holders, I don't think they would have done it at 50c in the dollar if they didn't think that the equity would at least double for them to get their money back. ( EBRD locked in for 12 months). Compelling short /mid term trade and investment, the 2p placing should put a floor under the share price and even with the customary post placing flipping, there is good value in the underlying asset. hTtps://
yellowdog: Someone called Richard Sneller has acquired 12.5% of SENX. Who is he and is this a buy signal?
burtond1: @Robin25461631 attended the Oil Capital Conference last week & gives his view on #TRIN #TRP #IOG #TETY #SENX #BPC who attended.@AndrewScottTV & @proactive_UK also filmed the presentationsA fee was donated to @olivercurdtrust for this article
Serinus Energy share price data is direct from the London Stock Exchange
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