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SEA Share Chat - RSS Feed

SeaEnergy Share Chat (SEA)



Share Price: 19.50Bid: 19.00Ask: 20.00Change: 0.00 (0.00%)No Movement on Seaenergy
Spread: 1.00Spread as %: 5.26%Open: 20.00High: 20.00Low: 19.50Yesterday’s Close: 19.50


Share Discussion for Seaenergy (SEA)


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alwayshopeful
Posts: 2,115
Off Topic
Opinion:No Opinion
Price:23.50
mayfair/bopd
16 Jan '15
I believe the sp here has been hammered by the decline in oil price but that just shows a lack of understanding of this share.
R2S appears to be doing very nicely, results due soon should back this up. We won a canadian contract about 2 days ago.
The vessels side of things remains to be seen.
The wind industry is quite depressed at the moment, Tories don't like green energy however there is plenty of maintenance work to be had if the sea vessel ever makes any progress. Wind energy is booming in Japan at the moment, no surprises there..............
I hope the sp makes some headway soon, it's quite depressing.
In theory R2S is our golden egg but only time will tell.
 
mayfair21
Posts: 336
Off Topic
Opinion:No Opinion
Price:23.50
View Thread (2)
RE: mayfair -eternal optimist
16 Jan '15
Fair point bopd, but a little to simplistic for my liking, unless we all live by the code of doom and gloom. One division of SEA which creates 80% of revenue: namely R2S Visual Asset Management technology achieved record turnover in the third quarter of 2014 with a and there is a strong order book for first half of 2015. Now this technology is now just oil specific it potential is greater and SEA are looking at moving into new markets e.g. nuclear and thermal power generation, refineries, gas terminal and commercial shipping etc.

This coupled with the announcement that SEA will be moving into trading profit at the year end, driven by the continued growth of R2S and the consulting and marine business does make me an optimist.

I cannot agree with your statement that oil companies only 'CUT', They will invest in technology that have a RTO and can produce cost saving for them. I hope you will revisit this site again end of March when final accounts are published to see whether we are closer to your 15p predication or my 45p predication .

Good luck in your investments.
bopd
Posts: 28
Off Topic
Opinion:No Opinion
Price:23.50
View Thread (2)
mayfair -eternal optimist
16 Jan '15
I hope you are correct with 45 in 9 months but 15 is more likely
with a booming oil industry 28 was agood buyin prce but not now
With the oil price the way it is and likely to continue at that level te oil companies dont economise as you presume thay CUT
It would not surprise me if some of their existing contracts are not cancelled
The North Sea needs $60 a barrel or some radical tax concessions
mayfair21
Posts: 336
Off Topic
Opinion:No Opinion
Price:24.75
TAILENDER
14 Jan '15
i was trying to inform pre-Christmas that R2S Visual Asset Management technology is a cash machine during the turbulent oil crisis. It drives oil producers efficiencies and is a major cost saver. R2S achieved record turnover in the third quarter of 2014 and there is a strong order book for the first half of 2015. R2S is the key driver of profitability for SEA accounting for approx. 80% of revenues. You can see by the latest contract win its potential. Should also add the SEA have already announced the company are in profit. Finally, fear not the herd will arrive at some stage, mores the pity. I estimate 45p per share within next 9 months
Tailender
Posts: 137
Off Topic
Opinion:No Opinion
Price:22.75
SP
13 Jan '15
Wise words, Mayfair, particularly about herd behaviour on AIM. SEA undervalued. End of story,
mayfair21
Posts: 336
Off Topic
Opinion:No Opinion
Price:25.50
SOTP valuation of 45p per share
31 Dec '14
Happy New Year - let us recap on the CEO trading update comments "As we head towards the end of the year, we are delighted that the Company is on track to achieve a profit before tax and non recurring items in the current financial year." The CEO's declaration of profit for the year end should see a significant closing of the gap between the current share price and the SOTP valuation of 45p per share. This is my 2015 safe play stock that will realise a minimum 20% return Q1 with an 80% potential uplift if their LOGP legacy asset of £5m is cashed in (LOGP has imminent news of farm-out financial return - reflected in recent rise in share price),

Happy Hunting for 2015
mayfair21
Posts: 336
Off Topic
Opinion:No Opinion
Price:23.50
4x EBITDA appears modest
22 Dec '14
SeaEnergy have demonstrated the progress made in building a business capable of delivering sustainable profits, with revenue +65.7% year-on-year, and at the operating line (before exceptional items) of being in profit in the next quarter with the year end results. SeaEnergy's R2S Visual Asset Management technology achieved record turnover in the third quarter of 2014 and there is a strong order book for the remainder of the year and for the first half of 2015. R2S is the key driver of profitablitly accounting for approx. 80% of revenues. Based on the acquisition price of £10m, the acquisition multiple of 4x EBITDA appears modest for such a high growth business. The company’s equity is being seriously undervalued on the above alone.

There is also the legacy oil and gas asset (LOGP) where every 2p share move on LOGP share price equates to 1p on SEA. Following the todays RNS on the ruling in favour of Providence Resources v Transocean of which Lansdowne fully provided for the claim means LOGP can now make positive adjustment to their accounts. It also appear that Providence are shortly to be in a position to update shareholders on the Barryroe farm out process. This is all positive news for LOGP and should see their share price rise which will reflect on Sea-energy's share price. Of course disposal of this oil asset will also help reduce the gap between the market value and their asset-based valuation.

A lot can change in a few weeks and I now move my neutral stance to buy. which I have done.

Merry Christmas
mayfair21
Posts: 336
Off Topic
Opinion:No Opinion
Price:23.75
Video presentation - CEO
19 Dec '14
mayfair21
Posts: 336
Off Topic
Opinion:No Opinion
Price:22.25
View Thread (2)
RE: IC Tip
17 Dec '14
I agree with everything Thompson says, hence why I have invested in this stock. He is completely right that in this depressed market it is a great buying opportunity but will AIM investors see the potential for a great return on their investment prior to full year results next quarter that will show profit. My guess is not! there is to much herd mentality on AIM chasing rainbows rather than investing in clear fundamental that screams 'Profit'.
CaptainHindsight
Posts: 10
Off Topic
Opinion:No Opinion
Price:22.00
View Thread (2)
IC Tip
17 Dec '14
Simon Thompson of Investors Chronicle today rates this as a BUY:
'Clearly, investors are worried that with the oil price under pressure then this will impact on demand for SeaEnergy’s services. However, this completely misses the point because if anything the need to keep costs down intensifies when the oil price is low and R2S offers a cost advantage to operators whereby they can monitor rig activity without making expensive offshore visits. Moreover, when SeaEnergy released its trading update early last month the company reported R2S had a strong order book for the rest of the year, and for the first half of 2015 too. The oil price had already fallen 29 per cent from its June high at that point, so if major oil operators were going to start deferring investment decisions then that process would have already begun.
SeaEnergy may be unloved, but there is no getting away from the fact the company’s equity is being seriously undervalued. And with upbeat full-year results expected to be released in the first quarter next year, I view the current depressed valuation as a buying opportunity.'





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