The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I presume "sea energy renewables Ltd" and ticker "SEA" are the same company?
Two pieces of good news for SEA in one day.......
SloppyJoe, Thanks and it does look good http://www.iii.co.uk/articles/154912/budget-2014-tax-relief-boost-north-sea-oil-and-gas-investment
The Scottish government approved two offshore wind farms in the outer Moray Firth that it said may generate 1.9 gigawatts of electricity and be worth 2.5 billion pounds ($4.2 billion) to the Scottish economy. The consents are still subject to “strict conditions,” including the required monitoring of possible impacts on birds, the Scottish government said today in an e-mailed statement. It gave the go-ahead to Moray Offshore Renewables Ltd., a joint venture between Repsol SA (REP) and EDP Renovaveis SA, and to the Beatrice offshore wind farm, which is 75-percent owned by SSE Plc (SSE) and a quarter-owned by SeaEnergy Renewables Ltd.
Not worried, as long as it rises. Budget was good for north sea oil - maybe it suggests greater investment in the region, which would knock on here in time.
SEa has started rising again,3%, this afternoon, with 87K of the 115k buys going through this afternoon. Is there, excusing the pun, a North Sea leak ?
Someone's hoovering these up ten thousand at a time. Much greater volume than yesterday. Hmmm...
LOL!
Wondered why I missed it. Think I forgot it was 2014 already.
This is a year old.
From a This is Money article in December - a little old given the recent rise but it still shows that the value case is strong, allied to very substantial growth prospects. "Sea Energy’s financial transformation is allied to the R2S acquisition. This year the business is expected to post revenues of £5million (up from £900,000 12 months earlier) and analysts reckon it will break even. According to the research house Edison, SeaEnergy will post sales of £7.4million in 2014, producing a pre-tax profit of £1.8million. And there is no end in sight for this exponential growth. The last published results revealed the group had cash of around £5.4million, which is the equivalent of 9.7p a share, while its stake in Lansdowne is worth £7.7million, or 13.8p. This means the current share price values R2S at £4.5million, or a little over 8p a share, if you ascribe zero worth to the rest of SeaEnergy’s businesses and assets. Meanwhile, SeaEnergy has to hand over the second, deferred payment for R2S of £4.6million in the first half of next year. This is based on achieving certain profit targets by February 2014 and would require R2S to report underlying earnings (EBITDA) of at least £2.5million. But even based on a total price tag of £10.1million, the acquisition multiple of four times operating profit appears modest for such a high growth business, Edison points out." So it all looks good as it stands.
LOGP looks to be trading into an uptrend and the co may see some realisation of value there in the medium term. Should really be a TO target but I suppose we'll wait and see on that...
"Offshore services specialist SeaEnergy (LON:SEA) is to pay a further £500,000 to the owners of Return to Scene after the recent acquisition hit revenue targets ahead of schedule. Return to Scene (R2S) provides 3D spherical photos of oil and gas platforms that generate a virtual model of the site. “We are pleased to confirm that R2S has met its revenue target for the six months to February 2013, ahead of schedule and, as a result a further £500,000 of consideration will be paid during March 2013,” SeaEnergy said. This was in spite of delays to a number of offshore projects caused by restrictions on platform bed space and the reduced availability of helicopter seats following recent incidents. R2S is also close to securing new orders in the North Sea and internationally, SeaEnergy added, as oil platform operators increasingly recognise that as well as improving safety, R2S's visual imagery reduces the number of platform visits, cutting helicopter trips, freeing up bed spaces and ultimately reducing operating costs." I'm not normally one for cut and paste but this does tell quite a clear story ahead of results next month, so we should see a lift here.
JF-T it is looking good and lots of good reinforcing forward looking information in the interview. By my modest calculations, and I am not ramping, I expect we could in 12 months be looking at above the 60p target set by ST, and more in the region of 90pence, and we also need to factor in the LOG factor as well. I wonder if SEA will know come onto bigger fishes radar as a possible takeover.......Any views?
video interview SeaEnergy says growth trajectory will continue in 2014 John Aldersey-Williams, CEO of SeaEnergy (LON:SEA), tells Proactiveinvestors the company's growth trajectory will continue in 2014 as its integration with oil clients grows stronger and stronger. http://tinyurl.com/qc9y642
ON ADVFN, fingers xxd has completed a nice bit of analysis of SEA share price : You can find it in : ** FINGERS BASIC CHART ANALYSIS ** (FXD,) dated 3 Mar'14 - 01:04 - 6835 of 6838 Well worth reading
No, you were deliberately posting misinformation, and registered just for that purpose. Fortunately, you've been proven completely wrong, and everyone else can now see what you registered for. The reality is that anyone with inside and priveleged information doesn't post it on a bb unless he is one sandwich short of a picnic.
RNS Conclusion Outlook SeaEnergy has enjoyed a successful year and we look forward to continuing this momentum. With the business being driven primarily by the impressive growth of R2S, our pipeline of potential contracts across all divisions is healthy. We have expanded our team and our knowledge base and our new product capabilities will allow us to leverage our core strengths to attract and retain customers. Commenting on the update, David Sigsworth, Chairman, said: "In 2013 we achieved significant delivery across all of the strands of the strategy. The business has grown strongly, particularly R2S. Looking ahead, 2014 is set to be another strong year for SeaEnergy as we fully integrate R2S and grow our offering through each of our divisions"
I didn't have to wait long for an update...
I've nipped in here this morning at 40.5p and we'll see if we're about to test resistance at 42p. Nice to see plenty of reference to I/C's Thommo on here. He may look like a geek but he's an absolute legend - Can't remember the last time I bought without his recommendation. Bit odd hedging back into LOGP though. That was my last multi-bagger, depressingly enough...
27 February 2014 Trading Update SeaEnergy PLC (AIM: SEA) ("SeaEnergy" or the "Company") is pleased to announce a trading update in advance of announcing its audited results for the year ended 31 December 2013, which are expected to be released in early April 2014. R2S Over the past year R2S has achieved organic growth and seen an increased demand for its services from a number of its North Sea clients. The business has also expanded internationally, successfully completing a number of contracts in the Gulf of Mexico and in Mexico itself. Further international expansion and roll out of the R2S technology is expected, with a number of existing clients already negotiating global framework agreements. The take up of the R2S visual asset management offering has been boosted by the introduction, late last year, of version 3 of our unique software together with the launch of a user group for clients. A wider offering of managed services is also being studied at the instigation of existing clients. This momentum has continued into 2014 and R2S has enjoyed a positive start to the year securing a record order book for the first quarter, coming mainly from the core business in the UK North Sea where R2S enjoys strong relationships with many oil and gas operators including Total, BP and Nexen. As a result R2S is on target to hit the final earn-out target which covers the year to the end of February 2014. Consultancy The Consultancy business has made continued progress with existing consultancy contracts being extended and the range of services expanded. Our contract with DONG, the largest operator of offshore wind farms, involves developing a strategic approach to asset management and asset integrity management. Another contract, with the Carbon Trust Offshore Wind Accelerator, a group of nine international energy companies which include the world's largest offshore wind developers, involves developing a standard means of assessing performance of specialist offshore wind support vessels. We are pleased to announce that Mark Stagg will join the consulting team as Director of Consulting next month. Mark has over eighteen years of experience in organisational learning, change management and workforce development. Most recently, Mark has been embedded in the Maritime and Coastguard Agency leading the design and implementation of a major modernisation programme. Mark has also led the design and delivery of an industry-wide, knowledge and culture change programme aimed at senior executive level and, established the development structure for a National Oil Company that included leadership and behavioural competency frameworks. His extensive experience in organisational development and organisational learning will further expand the range of services we can offer. The Knowledge Transfer
27 February 2014 Trading Update SeaEnergy PLC (AIM: SEA) ("SeaEnergy" or the "Company") is pleased to announce a trading update in advance of announcing its audited results for the year ended 31 December 2013, which are expected to be released in early April 2014. R2S Over the past year R2S has achieved organic growth and seen an increased demand for its services from a number of its North Sea clients. The business has also expanded internationally, successfully completing a number of contracts in the Gulf of Mexico and in Mexico itself. Further international expansion and roll out of the R2S technology is expected, with a number of existing clients already negotiating global framework agreements. The take up of the R2S visual asset management offering has been boosted by the introduction, late last year, of version 3 of our unique software together with the launch of a user group for clients. A wider offering of managed services is also being studied at the instigation of existing clients. This momentum has continued into 2014 and R2S has enjoyed a positive start to the year securing a record order book for the first quarter, coming mainly from the core business in the UK North Sea where R2S enjoys strong relationships with many oil and gas operators including Total, BP and Nexen. As a result R2S is on target to hit the final earn-out target which covers the year to the end of February 2014. Consultancy The Consultancy business has made continued progress with existing consultancy contracts being extended and the range of services expanded. Our contract with DONG, the largest operator of offshore wind farms, involves developing a strategic approach to asset management and asset integrity management. Another contract, with the Carbon Trust Offshore Wind Accelerator, a group of nine international energy companies which include the world's largest offshore wind developers, involves developing a standard means of assessing performance of specialist offshore wind support vessels. We are pleased to announce that Mark Stagg will join the consulting team as Director of Consulting next month. Mark has over eighteen years of experience in organisational learning, change management and workforce development. Most recently, Mark has been embedded in the Maritime and Coastguard Agency leading the design and implementation of a major modernisation programme. Mark has also led the design and delivery of an industry-wide, knowledge and culture change programme aimed at senior executive level and, established the development structure for a National Oil Company that included leadership and behavioural competency frameworks. His extensive experience in organisational development and organisational learning will further expand the range of services we can offer. The Knowledge Transfer Partnership announced last August has commenced and we are delighted with progress made so far. That project's objective is to
Aardvark. I may have only registered last week, but have held for over 2 years. Dubai....Never been , but have been to Bristol ..!!
Sorry guys i just thought i was being helpful
And you registered last weekend solely to give us all the benefit of your wisdom? So you speak for all the investors in Dubai too? Many thanks. Thats jolly sporting of you.