Whilst we know that serica must do something to remove the single producing asset risk to the balance sheet, the fact that he has chosen to mention this separately to the paragraph on the company's status, elevates the possibility of some sort of activity in the near term.
It may not be new news, however, it could indicate progress on this front.
This from the presentation, looks like a subtle hint of merger activity to come...
We can also see the significant merit of sector consolidation to increase financial capacity, spread risk and provide a platform to absorb and build on assets which major companies are likely to shed in more mature areas such as the North Sea and are reviewing opportunities but the circumstances and characteristics of any combination would have to be right to create a company of strength and capacity to expand.
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.