Sterling Energy Share Chat (SEY)

Share Name Share Symbol Market Type Share ISIN Share Description
Sterling Energy Plc LSE:SEY London Ordinary Share GB00B4X3Q493 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20p -1.97% 9.95p 9.90p 10.00p 10.00p 10.00p 10.00p 131,180 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.4 -1.5 -0.7 - 22

Sterling Energy Share Discussion Threads

Showing 33051 to 33067 of 33075 messages
Chat Pages: 1323  1322  1321  1320  1319  1318  1317  1316  1315  1314  1313  1312  Older
DateSubjectAuthorDiscuss
22/7/2019
17:36		Why o why didn't they buy JOG in May ,see my post 29/5/19 could have got a bargain, really don't think they are looking to buy at all, think it's money is to be used for funding directors life ,but hey why not there running the company not me ! Lol
tarlok
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20/7/2019
07:50		Ps, not sure returning cash to share holders is viable,why would the board want that .....I'm thinking Turkey's voting for Christmas etc
tarlok
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20/7/2019
07:47		Was going to ask same question ,has anyone else noticed share activity increase over last couple of weeks? But nice to know someone else has. Not sure what it means ,but you never know with sterling !Lol
tarlok
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19/7/2019
10:36		I'd second that cash re a return of funds if no deal materialises. Saying that, they have indicated at picking up production assets so i'd prefer that. Seems to be a lot more share trading activity this past week.
zengas
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19/7/2019
10:20		Hi Zengas, I've been following this again for sometime since you mentioned it a few months ago. Are they ever going to immerse themselves in the oil&gas business again or just continue to pickup salaries for doing nowt? I have little confidence in these folk doing anything but keeping their snouts at the trough. They have managed to miss a golden opportunity to buy up assets during the oilprice downturn and even during the first couple of years of recovery from the downturn (2017-2018). Given where the shareprice is today, I would encourage remaining shareholders to petition for winding up the company and returning the 15-16p of cash to shareholders. That is the best result in my opinion - return what is left before it too gets squandered. Cash
cashandcard
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30/6/2019
18:39		$46.3m cash end of Dec 2018 "Ongoing focus on capital discipline, cash general and administrative overheads ('G&A') expenses reduced by 25% to $3.0 million and is forecast to be ca. 15% lower in 2019." "Sterling retains a strong position on the AIM listed oil and gas sector with a strong cash platform of $46.3 million and no debt or other liabilities." "Proactive focus on treasury management, with interest received totaling $1.0 million." With some interest and a reduced G&A total cost might be $2m-$2.5m for 2019. Using a forward yr end 2019 cash amount of $43m = £33m or 15p/share. In the absence of returning any cash, the company has a great cash pile that could acquire good assets. Their emphasis is on a production deal (so possibly cash generative from the off if done ?). Looking at some of the listed O&G sector companies and what they have, SEY could rerate to a £70m-£100m m/cap if the right deal is landed. Current 10p share price = £22m m/cap.
zengas
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30/6/2019
17:35		Just what are they doing with there cash? Have given them a couple of ideas lol but still share price drops now under 10p. ! Is this the worst use of funds ,,,,ever ! The market must feel it's being so badly run and no future prospects to have sellers at this price ,, any one left out there to sell lol
tarlok
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21/6/2019
14:06		You can imagine that working for SEY in main office. Coming work and looking each others face do nothing and been paid.They should be shame using shareholders money on their ownership.Have been waiting for 10 years to see some gains but losing nearly all.
dil2211
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22/5/2019
21:46		So maybe they are doing something,,,,nice buy today of 75000 shares so you never know
tarlok
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20/5/2019
21:42		So SEY are looking for a acquisition? Hope they are looking at JOG at 70p mkt cap £12million with ,£14 million cash and possibly good prospects for future oil ,if SEY are really serious about doing something why not bid £1.10 a share ,cost of £18 million ,JOG share holders gain 50 per cent and SEY gains £14 million cash and still have £15 million of there cash left,So they then have brought oil company for ,£5million a no brained to me ???
tarlok
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25/4/2019
11:02		Laugh I don't think so. Company has more cash than its current value. Question is who took them? I've seen this before in other oil gas company situations. Might/might not be a sign of impending corporate activity. There's MXO which has been a disaster with a fundraise at 0.1p barely 6 months back collapsing to 0.4p and a new funding/wealthy investor - now up 7 fold in barely 2 weeks. Biggest mistake was in watching Asos float at 20p in late 2001 and crumbling to 2p before rising again to where a director sold 1m of a 10m holding for 8.25p just 2 years after ipo. I read the sale wrongly and sold my entire holding of a few hundred thousand shares that were bought in the 3p range. Barely a year after that the shares were £1, climbing to £3 and £70 over the next 8 years without any dilution. Asos floated on 3/10/2001 and a placing of 1,125,000 shares at 20p per share, https://www.investegate.co.uk/asseenonscreen-hldgs--asc-/rns/admission-to-aim/200110030919240473L/ 20 February 2004 John Griffiths, Director, today sold 1,000,000 ordinary shares at 8.25p per share by private sale. Mr Griffiths now holds 9,002,571 ordinary shares in the Company, representing 13.24% of the Company's issued share capital. https://www.investegate.co.uk/asos-plc--asc-/rns/director-shareholding/200402201635226770V/ 01 July 2004 The Company has been notified that, John Morgan, the Company's Finance Director, has today acquired 25,641 ordinary shares at 39p per share. https://www.investegate.co.uk/asos-plc--asc-/rns/director-shareholding/200407011001273619A/
zengas
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25/4/2019
08:37		Sterling Energy Plc ("Sterling" or the "Company"), the AIM listed oil and gas exploration company with a high potential exploration asset in Somaliland and an active strategy to deliver shareholder value through disciplined, exploration and production projects, announces that Waterford Finance & Investment Limited, (an entity owned by the Kroupeev Family Trust which Michael Kroupeev, non-executive chairman is a beneficiary of), sold 500,000 ordinary shares on 18 April 2019 of £0.10 each in the Company at 11.6 pence per share. There having a laugh arnt they......high potential exploration asset in Somaliland and an active strategy to deliver shareholder value through disciplined lol
tarlok
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31/3/2019
21:50		Looks very reasonable to me at the current value Div.
zengas
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30/3/2019
07:22		Zengas, slightly o/t, but I know you were very keen on i3e last year. What are your thoughts now on it, after the recent placing which was well supported by their bod? Atb.
divmad
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29/3/2019
21:18		Is the appointment of David Marshall as CEO here last June a real catalyst for change? And the GMP First Energy appointment as co-broker last October?
divmad
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28/3/2019
20:12		zengas thanks for your optimism - you are probably correct as there are many options for SEY with that kind of cash pile , but after nearly 9 years after sangar went belly up we the long term shareholders are still waiting for SEY to do something , but what have they done ---- nothing ,and for obvious reasons we cannot sell our shares as the price would have to reach £5 to £6 before we even break even , You have to wonder what they actually do when they turn up for work , they draw a huge salary from our hard earned share money and year after year after year nothing happens and our hard earned money becomes just worthless , £140,000 in my case - i wish i could share your optimism but after nine years of this garbage you have to ask yourself have they any intention of ever doing anything at at all except keep drawing a fat salary from our share money until there is nothing left -
xiggly
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28/3/2019
10:40		13 years is a long time to sit on a share that is still tradeable and fully listed. Forget about pinning hopes on Somaliland if that's your only reason to hang on. Incompetent Clowns ? - management come and go. The key investors made a lot of money for stale and struggling Emerald Energy shareholders in a similar position to which you find yourself in. They acquired an asset, found significant oil which they then sold for 25x upside. Black and white issue is $46.3m/£34m cash and a reduced forecast cash burn of circa $2.55m for this current year. Many companies would be crying out for that sort of cash at a m/cap of £24m without having to dilute themselves to raise that sort of cash. They are more than capable of acquiring a production asset. The thing is good assets aren't just laying around everywhere to be picked up at the right money and when you get into the due diligence process of something that looks attractive, no one knows what legal minefield or delays are encountered to securing or then dismissing that asset and having to restart the process. Hague and London announced a similar strategy in May 2016 (having previously lost out a year earlier to an acquisition that Conrad Petroleum snapped up) then announced an acquisition target in May 17 and completed it 18 months later in Dec 18. Likewise Savannah Petroleum working on a deal that has taken stages of almost 2 years now while having to abandon a previous acquisition target a year before that. Sey hope to execute a deal by mid year in the recent presentation and 2 days ago reiterated that as being in the near term. It's not in their interests to do nothing given the shareholder base and the cash pile.
zengas
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