John Aldersey-Williams, chief executive of SeaEnergy (LON:SEA), says the company will see ‘continuing steps’ towards making a ‘real profit’ over the next few years. He says demand has been strong despite the tough climate for oil and gas companies recently, while it is also looking at other sectors where the technology can be applied. The company, which provides software to the oil and gas industry, said revenues last year were £7.4mln, up from £5.1mln the year before, while the loss after tax widened to £2.5mln from £800,000. The company did however make an operating profit before non-recurring expenses of £151,000.
Pablo - always willing to be corrected. However, my understanding of free float is the proportion of shares that are held by investors who are likely to be willing to trade. It is a measure of how many shares are reasonably liquid. It therefore excludes those shares held by strategic shareholders - Directors-Fund Managers etc. To this end, I calculate from the strategic shareholders listing below that of the 56,364,823 shares in issue only 14,168,254 (25.14%) are not in public hands. How do you calculate it to 60%?
SEA Share Capital: Total ordinary 10p shares in issue 56,364,823
Directors and Significant Shareholders No. of shares % Stephen Remp former Director 4,202,272 7.46% Lampe Conway 4,018,836 7.13% Spreadex Limited 2,235,526 3.97% Steven Bertram Director 2,230,133* 3.96% Louise Warner 2,005,000 3.55% John Aldersey-Williams Director 1,769,596* 3.14% Mike Comerford former Director 1,386,485* 2.46% Christopher Moar former Director 420,932* 0.75% David Laing Director 80,000 0.14% David Sigsworth Director 60,000 0.10%
TOTAL SHARES NOT IN PUBLIC HANDS 14,168,254 - 25.14%
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