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Come on upomega. You should put your talents to writing City spiv thrillers? Just don’t hit they keyboard after your usual evening lubrication…
Agree. The major investors do not do their bidding in public, unless they are hungry for PR. Furthermore, this is a sub-£1bn mkt cap AIM stock. Only relatively few people care.
Wow! that's one hell of an after hours sale. Some big orders being filled tonight. Lets hope this kicks off something tomorrow.
Banburyboy. They cannot do this. If there is something and they have been informed in some way when the rest of us have not. Then they will go to prison on top of loosing everything which they may have worked for.
Second buy today 3pm got them this time for 255p a six month low .
Not long before leaving Park Avenue.
No stamp duty here ( GLEN likewise )
Still have one tranche left in ( W ) last sale there 449p 26th August 2022 .
The forced sales 28th September two part at 367p now looks like a God send .
The last sell 1/11/22 for 317p of the buy the day before for 290p was wise in today's hindsight .
But not as wise as those who sold the lot .
looking at this tread 31st August below I posted .
"For what its worth I think I have lost money reading the views of others on sites like this one .
"No one knows anything best advise I could give a new investor " .
BB such as this one , it is guess work who is honest and who is not .
Stevo completely correct but the question none of understand is why the major investors are voting Yes.
It's clearly something they can't put in the public domain and I can only hope it will ultimately benefiting all of us.
It's horrible being kept in the dark like this
It is looking like the underhanded spiv brigade have conducted some long running deal amongst themselves.
A);B.p
B) The board
C) The institutions
D)The so called house brokers
INMHO This type of deal has been ongoing since BKR. Probably part of the BKR deal was that Serica must not sell out without the dirty brigade agreeing to anything. My opinion so do dyor,but I posted before they would not try this in the u.s.
I will be happy to get well out of this share now
The crazy and frustrating reality is that with cash today will be close to £550m and generating positive cash flows every moth after EPL. Serica would most likely have a cash balance by end of 2023 greater than current market cap. How much is 60m barrels of gas reserves worth - at least $7-8 per barrel after EPL - or $420-480m.
So MR market is valuing current cash at about £290-340m, namely a discount of between 40-48% due to the likely capital misallocation or value destruction as a result of this deal. The answer should be return the cash to shareholder at which point MR market would value the cash at full value and share price would by at least 30% higher.
Bin this deal and give us our cash. We can then choose to invested in entities more experienced in overseas O&G development. Sadly maximising shareholder value does not appear to be priority.
No you did not have to do that .
Please do not do it again, I am not interested in anything you have to post .
So, as Upomega asked, what is there to like for institutional investors ... if indeed there is 'something' we should see a recovery in SP, otherwise, they too have been duped. Either way, long old road back to highs of 452p, if at all !!
aimo & dyor
Already thought it was a done deal. MF et al would not be doing this without sounding major s/hs beforehand otherwise their jobs would be on the line.
EV now same as last seen 6 months post BKR deal ..... way to go Serica Board !!!
General, the market is at nearly an all time high so can rule out 5. O&G shares have fallen out of favour with the market due to our socialist government.
With the deal vote on Friday and if it goes ahead, sheer dilution will suppress the SP for years. Saw earlier that Miller Homes are fitting a heat pump to every new home from 2025 instead of gas boilers. More will follow. Every company will at some near term stage switch from oil and gas to other methods so long term O&G shares will be sunk. The Green Revolution will be starting soon if not already.
One can only assume that the vote is a "yes" vote, those that are not happy with an inside view are selling.
Seller in the house I could by 30k shares under asking, volume to shift. So have added a few
i think this does need to be called. Personally i have never liked going to that extreme,but i am afraid this company is now being destroyed day by day. So there needs to be a change of tact. Which beggars the question as to why intstitutions are not furious about the goings on here.
Nobody is shorting gas @ $3 IMO ...
Well, shorter's have taken the opportunity offered by our BoD.
Totally destruction of SP over past ~4 months from 452p for a deal that on the surface should never of even been given the time of day. Many PI's will have already reached capitulation point, some waiting for that buy point. Without SP bounce I would have thought the chances of that 5% EGM would improve significantly. SP volatility is name of the game atm, where she will go, nobody knows.
atb
aimo & dyor
without the deal we are now valued at one hundred and eighty million cash stripped out. columbus on its own must be worth that.
the sooner this is over the better now inmv. im tempted to dump stock to drive the price down and maybe force a predator out. it shouldnt take that many shares to drive this judging by the sizes that go through
Is it down because of
1. Fears deal is going ahead
2. Fears deal is not going ahead
3. Gas futures down circa 10% today
4. Uncertainty of 1 and 2
5. General market malaise
6. Bit of all of 1 to 5
agree more than possible but when gas prices are depressed during a recession businesses tend to all hold back, we loose some to the wall
See my previous post - I did say call an EGM at some point
why not go the full hog. 1.78 is more realistic. Anything below 2.50 will almost certainly attract a predator inmv. I know i would definatly be a seller with an offer above the three pounds mark as market conditions together with this tax has changed things , but you never know hmg may reduce the levy come the budget and summer months.
if this hits £1.80 in 2023 i'll buy it, overall good share to own
Had to take you off filter to see what rubbish you are spouting, wish I hadn't bothered.
Interesting you are so keen on keep resurrecting a thread you started 12 months ago, sign of paid posters.
Back on filter ....
aimo & dyor