Register
Login:
Share:
Email Facebook Twitter




SEA Share Chat - RSS Feed

SeaEnergy Share Chat (SEA)



Share Price: 22.00Bid: 21.00Ask: 23.00Change: 0.00 (0.00%)No Movement on Seaenergy
Spread: 2.00Spread as %: 9.52%Open: 22.25High: 22.25Low: 22.00Yesterday’s Close: 22.00


Share Discussion for Seaenergy (SEA)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Premium Membership
mayfair21
Posts: 440
Off Topic
Opinion:No Opinion
Price:23.00
R2S Forensic
Thu 09:24
 
mayfair21
Posts: 440
Off Topic
Opinion:No Opinion
Price:23.00
Results soon!
Wed 15:15
Only three weeks to go for the Company to release its results for the year ended 31 December 2014 on 16 April 2015, namely:

· Full year results set to be in line with expectations

· International growth across the business‎ continues

· Significant turnover increase in 2014 for Marine business

· R2S Visual Asset Management achieves record turnover in 2014 with strong order book for 2015
mayfair21
Posts: 440
Off Topic
Opinion:No Opinion
Price:23.75
View Thread (2)
RE: Mayfair21
20 Mar '15
it's a safe stock to be in, but patience like any good growth share will be required. It has had a checkered history starting of in oil in the 90's and then renewable energy which they sold in 2011, so the New service-focused strategy adopted in 2012 make it a young company if that makes sense. They are moving into profit because of the change in direction primarly due to :

2014 R2S Earn-out target exceeded

2013 SeaEnergy Ship Management business launched

2012 R2S acquired
Consulting business started
New service-focused strategy adopted

The year-end accounts will show that SEA is in a good financial position meeting expectations with record turnover.

If there is a blot on the landscape it is their legacy asset of 18% interest in Lansdowne Oil & Gas plc which will create an impairment charge. There is plus point in that terms for the farm out of Lansdowne Oil's project has been agreed and when complete will provide approx 5 million to Sea. Not sure how the market will take the impairment charge at year end, although SEA have put this news in the public domain so would expect it to be already factored in.

As I stated as an illiquid stock the price can and will fluctuate on small volume, but long term prospects are healthy and so the Share price should continue it northward journey albeit on a head and shoulder basis.
Tailender
Posts: 145
Off Topic
Opinion:Hold
Price:23.50
View Thread (2)
Mayfair21
20 Mar '15
Just seen post of March 13th. Many thanks, I have just put the revolver back in the drawer. Love this company but driven crazy by the fall in the share price just when they seem to be getting some sales momentum going. Your analysis seems reasonable to me, lets hope you're right.
mayfair21
Posts: 440
Off Topic
Opinion:No Opinion
Price:25.50
disregard illiquid assets
13 Mar '15
SEA down 9% down on very, very low volume only 17k sold and 6K buys. So why the movement? I guess many will say that because SEA is neglected, ignored and much unloved it is relatively illiquid. To me Illiquidity seems to be a modern, and in my opinion irrational fear born out of electronic markets, and instant decisions. I would counter by saying from my experience the less liquid a stock is, the better it will perform in the long run, compared with more liquid stocks. The trick is to be patient., but I think patience in the market has been lost with the electronicization of markets.

If I had to guess, I would say most will continue to disregard illiquid assets. It is because of this some incredible bargains exist in illiquid assets. For example My example above isn't fabricated out of nowhere, companies like this exist. For example, SEA at a share price of 28p values the business at £16m, of which £5m is represented by the legacy stake in Lansdowne Oil & Gas. So that leaves us £11m for R2S, assuming the Consulting and Marine divisions are worth zero (being the unproven divisions). R2S produced EBITDA of £2.8m during the 12 months to February 2014. Subtract approx £251,000 depreciation and amortisation cost, and then tax at the standard 20% rate, I get earnings of £2m. On that basis, R2S on its own seems to be valued at 5.5 times earnings (i.e. £11m divided by £2m). That is a bargain in my opinion.

I believe every small investor should have at least 30% of their portfolio in illiquid stock, mine is 50%. One parting thought, for most investors, who aren't wealthy hedge fund managers, their house is their largest asset. For the most part houses aren't liquid assets, but most investors aren't panicking that they can't sell their house at the click of a mouse. Maybe we should approach our investments as we do our house, realize they have value, but that we don't need to sell it instantly.
GedW
Posts: 11,017
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:27.75
Lansdown Oil
11 Mar '15
The announcement of a placing made earlier today by Lansdowne Oil & Gas plc ("Lansdowne") and confirms that SEA did not participate in the placing. As a result its shareholding in Lansdowne remains unchanged at 30,194,193 shares although its percentage holding will be diluted to 18.72% once the placing shares are issued on 12 March 2015.
mayfair21
Posts: 440
Off Topic
Opinion:No Opinion
Price:28.50
SCOTTISH EXPORT AWARDS
5 Mar '15
SEAENERGY PLC ANNOUNCED AS FINALIST IN THE 2015 SCOTTISH EXPORT AWARDS.

Although not a fan of awards, I suppose it does give the company additional exposure. Now all they have to do is win it - COYS
mayfair21
Posts: 440
Off Topic
Opinion:No Opinion
Price:27.75
Nothing untoward
2 Mar '15
Nothing untoward in Change of Nominated Adviser and Broker. Just Oriel Securities Limited ("Oriel") their nominated adviser has been transferred following acquisition of Oriel by Stifel Financial Corp.

That said, Stifel Financial Corp is a mega big broker: http://www.stifel.com/ with Seaenergy coming under the wing of Stifel Nicolaus Europe Limited: http://www.stifel.com/Institutional/StifelEurope.

This change should also provide exposure and access to the US markets and hopefully 'Stifle' will provide a little more coverage on Seaenergy than seen to date.
mayfair21
Posts: 440
Off Topic
Opinion:No Opinion
Price:28.25
Houston we have a problem!
27 Feb '15
SeaEnergy will be landing with their lethal weapon of choice 'the R2S' at the SPE Digital Energy Conference, Houston, 3-5 March 2015. Programme attached: http://www.spe.org/events/dec/2015/documents/15DEC-ConferenceProgram.pdf
mayfair21
Posts: 440
Off Topic
Opinion:No Opinion
Price:28.00
Lloyd’s of London - Presentat..
26 Feb '15
For info - presentation at Lloyds of London onVisual Asset Management Technology for the Oil & Gas Industry; Its Application in Insurance

http://www.seaenergy-plc.com/downloads/presentations/R2S%20Lloyd's%20Lunch%20&%20Learn.pdf

Interesting to see within the presentation, the map indicating the expansion for R2S within the next 12 months.





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.