Specialist Energy Share Discussion Threads

[littlebro2] 11/9/2012 10:59

Sounds positive. "substantial improvement in the opperational performance" sounds promising.

Interesting that they included: "£5.0 million raised from MBE Mineral Technologies Pte Limited ("MBE") in May 2012 through a successful equity issue priced at 50 pence per ordinary share, a premium of 108% to the market price prior to the announcement"

I'd be interested to see what they thought of their investments at the moment.

[littlebro2] 11/9/2012 10:55

this mornings RNS:

FOR RELEASE 0700hrs 11 September 2012



Specialist Energy Group plc

("Specialist Energy Group", the "Group" or the "Company")



Specialist Energy Group plc - Unaudited interim results for the six months ended 30 June 2012



Specialist Energy Group plc (AIM: SEGR), the specialist engineering group, today announces its interim results for the six month period ended 30 June 2012. The results include the contribution from its operating subsidiary, Hayward Tyler Group Limited ("Hayward Tyler"), a market leader in the design, manufacture and service of critical application pumps and motors to the power generation and oil and gas markets.



Financial Highlights:



§ £5.0 million raised from MBE Mineral Technologies Pte Limited ("MBE") in May 2012 through a successful equity issue priced at 50 pence per ordinary share, a premium of 108% to the market price prior to the announcement;

§ New banking and borrowing arrangements of £14.0 million concluded post period (15 August 2012), which together with the new equity, provide a much stronger platform for the Group;

§ Net debt decreased to £5.6 million at 30 June 2012 (31 December 2011: £10.0 million) as a result of the equity proceeds;

§ H1 revenues flat at £14.3 million (H1 2011: £14.4 million);

§ Gross profit margin decreased to 31% (H1 2011: 34%) as a result of the manufacturing business;

§ EBITDA* of £0.7 million (H1 2011: £0.8 million);

§ Operating profit* of £0.4 million (H1 2011: £0.5 million);

§ Profit before tax of £0.3 million (H1 2011: loss of £0.2 million).



* measured on a trading basis



Business Highlights:



§ Order intake in H1 2012 was £15.9 million (H1 2011: £16.5 million); further strong contract wins in July saw order intake rise to £20.3 million to the end of July against £18.8 million for the equivalent period last year;

§ Hayward Tyler's largest ever oil and gas related contract secured with a value of £2.7 million in July;

§ A second syngas project valued at USD1.6 million (£1.0 million) won by Hayward Tyler's business in the USA in June;

§ Hayward Tyler's Luton operations restructured and the Group head office closed, which together are expected to deliver annualised cost savings of around £1.0 million;

§ Significant progress made on the supply chain development project with MBE Cologne;

§ New board composition following completion of the new financing arrangements.



Ewan Lloyd-Baker, Chief Executive Officer, commented:



"We expect to see a substantial improvement in the operational performance of the Group in the second half driven in part by the elimination of loss making contracts in the manufacturing division, savings from the restructuring of the Luton operations, a significantly strengthened balance sheet and a stronger Q4 2012 performance by the aftermarket business which has been held back by financial constraints prior to the new financing. These changes combined with an improving outlook mean that the Board therefore looks to the future with increased confidence."

[tigluck] 11/9/2012 10:10

Respectable results,more progress in the second half.This Company now has the chance to reward shareholders for their loyality.

[partner] 11/9/2012 07:19

Well picked up another 20,000 this morning,results look ok,plenty of good news to follow I hope.

[littlebro2] 28/8/2012 09:22

Seems to be all quiet on here.

What are peoples thoughts on the departure of Chris Every?

What are peoples thoughts on the new banking facilities?

What are poeples thoughts on possible interest in the company? A takeover in the pipeline? A back door takeover, where S/Hs will not get value, or has interest dropped?

I'm not clear on what has changed to see the share price fall to 1/7th of what it was worth 12 months ago, a fraction of what it was 5 years ago.

[littlebro2] 15/8/2012 16:34

Nice to see some positive news.

Chris Every is on his way out the door too.....not sure if thats good or bad? had a couple of comms with Chris years ago and he seemed like a good fella. Interested to see where this now goes.

[tigluck] 15/8/2012 10:25

Great News! New banking facilities signed.

[littlebro2] 14/8/2012 16:43

Wouldnt be surprised. Getting more cynical with age, there's underhanded dealings going on all over the place, so wouldnt be at all surprised.

Share dealing and big business is more corrupt than bookkeeping, at that takes some doing!

[stegrego] 11/8/2012 20:13

I've got a nasty feeling the refinancing won't go well and they will end up being bought on the cheap by the Indians.

[rocha16] 11/8/2012 16:16

I've been buying from about 22p and averaging down, I didn't quiet get any at 10p but have had a few at these levels. The investment came in at 50p and so that seems like a sensible target to me.

GLA

[transforma] 10/8/2012 18:37

Looks like the seller has gone, this may have been a classic institutional overhang. LTH will need to sit on their hands ŵhen this one starts to go

[glyn10] 09/8/2012 16:27

about time !

[rjd123] 09/8/2012 15:22

Some upward movement!

[dunluce] 09/8/2012 12:10

Just noticed that myself - would be nice to see some upward movement

[partner] 09/8/2012 12:03

Two x 300k trades not rollovers.
Buying limit now down to 5250 shares at 11p,maybe overhang as now been taken.

[littlebro2] 08/8/2012 15:41

I am doing, almost daily. Going great guns!

[solarno lopez] 03/8/2012 06:12

Now look at the price LITTLEBRO2

[jxman] 02/8/2012 20:44

80p to 10p in 12 months. Whats going on here? where the indians interested a while back? what are the company doing?
cheers

[littlebro2] 02/8/2012 14:06

Yep, I hear you.

To be honest though, I've been in so long, its almost a shame to sell for the fraction I'd get back.

I dont get it, I really thought this was a company with a great future.

[glyn10] 02/8/2012 06:49

no your not on your own although I may decide to cut my losses before too long.

[littlebro2] 01/8/2012 13:04

No news.....price goes down.

Anyone else watching this share or am I all alone? Perhaps I'm the sole PI?

[littlebro2] 30/7/2012 09:59

Thanks for yet another cryptic comment Mr Lopez.

Why don't count on it? Why do you know better than everyone else?

[solarno lopez] 27/7/2012 06:42

Don't count on it Transforma

[transforma] 26/7/2012 18:02

SEGR is very undervalued right now; the AGM announcement says further news about the banking situation which should turn this share price slide around.

[littlebro2] 25/7/2012 09:47

one at a time fellas! :)