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SEY Sterling Energy Plc

16.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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
  0.00 0.00% 16.50 16.10 16.90 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sterling Energy Share Discussion Threads

Showing 32401 to 32424 of 33150 messages
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DateSubjectAuthorDiscuss
24/10/2013
09:44
The recent activity on the share register relating to an increasing number of large shareholders suggests something will happen. However the latest management report is a carbon copy of previous ones and gives no indication of progress. One assumes the new shareholders have had a nod and a wink that PI's are not privy to!
888icb
24/10/2013
06:14
profit after tax of 2.7m$ for the q3.. seems a good result?
cascudi
24/10/2013
06:13
Financial Position

In the third quarter of this financial year, Sterling reports the following unaudited results:


Q3-2013 Q3-2012 FY 2012
(Unaudited) (Unaudited) (Audited)
$ '000 $ '000 $ '000
------------- ------------- -----------
Revenue (1) 5,311 306 22,496
Adjusted EBITDA (2) 3,178 584 11,126
Profit/(Loss) after tax (3) 2,738 (742) (12,920)
Cash and cash equivalents at period
end (4) 121,645 116,548 120,348
============= ============= ===========

cascudi
17/10/2013
14:15
With Sprott now on board at SEY at over 5% holding there are 5 large shareholders owning 65% of the Company.
888icb
17/10/2013
14:10
Sprott Inc. is a leading independent asset manager dedicated to achieving superior returns for its clients over the long term. The Company currently operates through four business units: Sprott Asset Management LP, Sprott Private Wealth LP, Sprott Consulting LP, and Sprott U.S. Holdings Inc. Sprott Asset Management is the investment manager of the Sprott family of mutual funds and hedge funds and discretionary managed accounts; Sprott Private Wealth provides wealth management services to high net worth individuals; and Sprott Consulting provides management, administrative and consulting services to other companies. Sprott U.S. Holdings Inc. includes Global Resource Investments Ltd, Sprott Asset Management USA Inc., and Resource Capital Investments Corporation. Sprott Inc. is headquartered in Toronto, Canada, and is listed on the Toronto Stock Exchange under the symbol "SII".
optomistic
17/10/2013
14:07
eric and rick and marc :)
odvod
17/10/2013
14:02
SPROTT US HOLDINGS INC. Now holding 5.34%
optomistic
14/10/2013
15:16
Good afternoon Iroll, yes I am a fellow Yorkshire man indeed.
You Are quite correct, Sterling Resources has no connection with our Sterling Energy...would like to see them take a large interest in us though :-) Although shares left in the market now are much diminished in number after the recent buys of Soyuz and YF finance.
Not been able to work out the 'Ultimate Parent' companies involvement in this so would be interested if anyone can throw some light on this.
Wet in my bit of Yorkshire today.

optomistic
14/10/2013
10:08
It seems odd that YF Finance Ltd is a shareholder in Sterling Energy PLC. They were reported in May this year as holding shares in Sterling Resources Ltd, a Canadian quoted company, and I believe unconnected to SEY.

I wonder if the 11th Oct RNS is correct.

I seem to remember that there has been comment in the past on a SEY thread over the two similarly named companies. Perhaps optomistic or other long standing holders may remember the discussions which I think concluded there was no connection.

I have been an unfortunate holder of SEY shares sine Jan 2006 and I remember optomistic (a fellow Yorkshireman, I believe,) from those days.

iroll
13/10/2013
09:36
Had a look around for background on Domineco Scarfo.
Not a lot of info about for someone buying a quantity of Sterling Energy,
Information is recorded that the 'Ultimate parent Company' of YF finance is:
Malcoff Holding SA.

Director Overview
Domenico Scarfo holds 3 current appointment, has resigned from 2 companies and held appointments at 1 dissolved companies. Domenico began their first appointment at the age of 46 and their longest current appointment spans 7 years and 7 months at AGRICULTURE AND FINANCE HOLDING LIMITED.

The combined cash at bank value for all of Domenico's current businesses is £127,370, with a combined assets value of £298,717 and liabilities of £206,707. Roles associated with Domenico Scarfo within the recorded businesses include: Director, Company Secretary

Business Overview
Yf Yellow Finance Limited is an Active business incorporated in England & Wales on 24th November 2006. Their business activity is recorded as Activities Of Financial Services Holding Companies. Yf Yellow Finance Limited is run by 1 current members. 1 shareholders own the total shares within the company. It is not part of a group.

The latest Annual Accounts submitted to Companies House for the year up to 31/12/2011 reported 'cash at bank' of £121,046, 'liabilities' worth £129,230, 'net worth' of £194 and 'assets' worth £129,424. Yf Yellow Finance Limited's risk score was amended on 03/10/2012.

optomistic
11/10/2013
13:23
Thanks melodrama. share price still holding it small gain...so we are now waiting for the holdings RNS as to where they have gone.
optomistic
11/10/2013
13:12
invesco out!
melodrama
11/10/2013
12:23
I looked at the RNS on digital look. which said YF finance had purchased 7%. No doubt sniffing around the cashpile. Very difficult to find out much about Mr Scarfo although google revealed YF had been into GKP sometime ago.
ouidois
11/10/2013
11:39
Dominico Scarfo (Little Nicky) bit of a lad in his time!

Now this is another Dominico Can't see him being the one involved with SEY:

hxxps://www.duedil.com/company/03087299/agriculture-and-finance-holding-limited

Link doesn't work! but this Dominico is Sec. of Agricultural and Financial holdings Ltd.

Wouldn't have thought that there were so many around with that name.

optomistic
11/10/2013
11:32
ouidois, just checked and it is still blank on the RNS I see (on the other site..'money' that ADVFN doesn't like us mentioning)
optomistic
11/10/2013
10:46
not so. a company called Yellow Finance seem to have picked up a chunk of the Invesco sale. So a prominent south African based fund reduces in favour of what appears to be a little known BVI related company run by a swiss director called Domenico Scarfo. Wonder if he's distantly related to the infamous Domenico Scarfo of mob fame? Just trying to imagine what his interest in Sterling might be?
ouidois
11/10/2013
09:17
Holdings RNS released this morning at 10.09...but all it was... a blank form!
Maybe someone forgot to fill in the details. LOL

optomistic
10/10/2013
14:25
Volume now over 24 million
888icb
10/10/2013
14:05
Ticking up again.The market cap at this share price is virtually entirely supported by cash. If they do anything positive the share price should go up. If they continue to do not alot then they could pack up and give us our money back!
So there should be little downside risk investing at this level. They have income as well to cover the running costs.

888icb
10/10/2013
13:57
Bought a few this am, volumes don't lie
melodrama
10/10/2013
13:33
RNS released: Invesco responsible for the 19 mill sell on the 8th, should be another one soon as to who took them, and the rest up.
optomistic
10/10/2013
13:26
snape, I think it very unlikely that a tip in 'Shares Mag' would have that effect on volumes like the last three days.
optomistic
10/10/2013
13:24
Perhaps this joint venture well mentioned in the IMS s going well although I have not seen any mention of its spudding.

Cameroon
The Ntem concession area is a deep water block situated in the southern Douala/Rio Muni Basin, offshore Cameroon, in water depths range from 400m to 2,000m.
The Company holds a 50% non-operated working interest in the Ntem licence, following the introduction in 2011 of Murphy Cameroon Ntem Oil Co. Ltd, a wholly-owned subsidiary of Murphy Oil Corporation, a successful deep-water operator, as a 50 per cent working interest partner and operator.
During the period, Murphy Oil Corporation announced the acquisition, through another wholly owned subsidiary, of a 50% non-operated working interest in the adjacent Elombo block which borders the Ntem Block to the east and was previously held by Perenco with 100% working interest. Murphy Oil and Perenco plan to drill a deep water well in the Elombo block in mid-2013. This well may evaluate prospective targets that extend into the Ntem block and may also provide data to further de-risk the main prospects in Ntem.
The Ntem block remains in force majeure and the Company believes progress continues towards a resolution of the border dispute between the governments of Cameroon and Equatorial Guinea, but no specific timetable can be forecast. When force majeure is lifted, there will be 15 months remaining in the current exploration period during which time one exploration well must be drilled. The Company considers that a stacked series of submarine fans are ready to drill, offering the potential for multiple targets being intersected by one exploration well. Current work confirms the significant potential of these prospects, with each having gross un-risked prospective recoverable resources of several hundred million barrels.

optomistic
10/10/2013
13:23
What was the Shares Mag tip saying?
888icb
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