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Mr Bertram holds a chunk of shares in LOGP (Circa 88K) LOGP have some news coming up that he may be interested in off loading into - He will still retain a chunk via his SEA holding (Thats if SEA dont sell everything they have in LOGP - Which I suspect tey will for the right price)
resignation today from LOGP with immediate effect. Is there a tiff brewing or some transaction where his directorship of both companies could be regarded as a conflict of interest?
That made me giggle
A few big contracts for the new company, buy another company and a contract for sea. Could see a big rise by the end of the year.
If you been in this game( trading) a while, you'll love this video - must watch to the end though ;-) http://vimeo.com/13037609
Spot on with R2 - The website could do with a pimp - but looks quite a clever buy Notice this on the moray offshore site Maximising Opportunity for Local Content In order to assist in maximising the potential local content through the development of the local supply chain MORL is already working with the Scottish Government Energy Division, 0Highlands and Island Enterprise and Scottish Enterprise to develop a ‘pilot’ scheme to enable the enterprise agencies to access appropriate parts of the Project’s procurement process. The pilot will take the form of frequent and regular engagement between Moray Offshore Renewables and Highlands and Islands Enterprise and Scottish Enterprise. Although in its early stages, the intention is to allow partnership working between the public and private sector to facilitate the optimisation of support to the supply chain. The information provided by Moray Offshore Renewables is intended to allow the agencies which translate new markets into growth and prosperity to optimise their efficiency, effectiveness and success, with due respect to commercial confidentiality and commercial sensitivity Think a strateic dela has been done already, http://www.proactiveinvestors.co.uk/companies/news/35629/seaenergy-wins-scottish-enterprise-grant-35629.html
Well F me Pink - Now I see why the BoD wanted R2S Chancellor unveils tax break for older North Sea oil and gas fields "The chancellor said the measure would give companies the incentive to "get the most out of" older fields." http://www.bbc.co.uk/news/uk-scotland-scotland-business-19515932 and from the most recent RNS re: R2S.................... "R2S's core market is currently the UK Sector of the North Sea, where many oil & gas installations are reaching the ends of their design lives and the importance of maintaining asset integrity is increasing. The R2S service enables better and more cost effective management of this information, thereby allowing the safe extension of the productive lives of these installations and the deferment of the substantial decommissioning costs." Somehow I think R2S are going to be bringing in a lot of £££££ for SEA ;-) Nice one BoD - you are forgiven ....lol
I am new to this company and as of yesterday analysing this stock. Could anybody inform me whether the tender offer already has been finished (ie. should one deduct the GBP 6.5 mln from the cash) ? thanks !
Question...Will this be be one of SeaMarine's first major contracts...? Answer...YES. http://www.bbc.co.uk/news/uk-scotland-scotland-business-19443998 Major offshore Moray wind project plans submitted The developers say if consent is granted, the project could supply power to up to one million homes Continue reading the main story Related Stories Bid to build £1.4bn wind farm Council's wind farm ban blown out Plans lodged for major wind farm Plans to build the world's largest offshore wind project in the Outer Moray Firth have been submitted to Marine Scotland. Moray Offshore Renewables Ltd have applied to construct up to 339 turbines over three offshore wind farms - 22km (13.5 miles) from the Caithness coast. The firms said the £4.5bn project could supply up to one million households. It is the first application for consent in the latest of the Crown Estate's offshore leasing rounds. Moray Offshore Renewables is a joint venture between European firms EDP Renewables (EDPR UK) and Repsol Nuevas Energias UK. The developers want to build between 189 and 339 turbines, with a maximum blade tip height of 204m, over a 295 square kilometre area. The development would be capable of producing up to 1,500MW of power. Over the past 10 years the Crown Estate has held five offshore wind leasing rounds, the most recent being Round Three. The Crown Estate is investing £100m in Round Three. Further submissions from developers are expected to continue between now and 2020. The Crown Estate said it was "the most significant milestone yet" in its Round Three programme. EDPR UK managing director Dan Finch said: "By working in deeper water, more than 12 miles from shore, we can take advantage of the excellent wind resource in the outer Moray Firth, and make a significant contribution to cutting greenhouse gas production and reducing the need to burn fossil fuels." This is from the 06/06/2011 rns...with regard to an additional adendum to the sale of SERL 'Disposal includes a Strategic Co-operation Agreement between EDPR and SeaEnergy to seek opportunities for mutual collaboration in relation to the supply by SeaEnergy Marine of operations and maintenance vessels, field infrastructure and equipment installation vessels for offshore wind farms, and any other areas that may arise in the future' also...'with any other areas that may arise in the future'.....makes me wonder if R2 was purchased with this in mind?
21% of logp
So theY did not buy anymore logp shares, suppose they are waiting to sell them when they get a big contract.
"SeaEnergy is now well on the way to sustainable growth in shareholder value by delivering on this clear and well-formed strategy." There should be some great news in sept.
· R2S is a profitable, cash generative and growing business. · R2S's core service - Visual Asset Management - is a critical tool for the management of operational, maintenance and asset integrity information. · The acquisition is in line with the Company's strategy of building and acquiring innovative and complementary energy services businesses. · R2S's current core clients are primarily blue-chip multi-national oil & gas operators. · There are clear opportunities to expand R2S's services internationally and into new areas of operation. Looks ok more news September
Should have had a RNs of they took part in the logp placing so guess they didn't add to there holdings
We are at this price given cash and LOGP Normal for property Cos' to trend at 50% NAV but not companies such as SEA If the company were to close we would all get @ 70p -
Results wont But Barryroe figures will Farm-in news will T/O would the first two could crop up anytime, the later is possible but would be some time off
Cheap as chips
Now worth the same as the value of the shares in logp. This is below 50% of the Nav.
With my nominee holding, I found out today ALL my holding was accepted in the offer @ 36p. So I no longer have any SEA shares - worked out I could buy them all back today @ 34.7p and I'd be £27 up! I must get some chicken feed. I'm going to wait for a lower entry but when are LOGP issuing any results that could seriously up this sp - anyone know?
Nothing has changed my mind that the whole buyback and 10p back to shareholders was a complete debacle. The directors and others are now completing their spin off and potential pay off. 19m shares cancelled and now 5m issued and snaffled away for the employees(BOD!) The sp will rise from here on IMO - so I'm buying more. I've presumably sold 28% (i.e 5 ordinary shares for every 18 ordinary shares held) plus 38.274585 per cent. of my excess application(I applied to sell ALL, i.e the other 13 of my original 18). When I've worked that out, I'll know how many I need to buy to have the same holding as before the debacle and, I should be about 10p up in TOTAL not per share, by my initial reckonings.
A wee bit more that that dude As you say, its 14m + 20m (LOGP), but there is also 4.7m in the special reserve account that will become distributable when allowed plus upto 13m from Mr Remps Gasmonte limted should it ever become profitable So we have (14+20+4.7)/49 for a NAV of 78p, excluding Gasmonte which knowing Steve Remp will be cash generative
After buy back 14m in the bank and 20m of logp shares. If the sp stays the same after the 03 Aug them we will have a mkt cap of 17m ish. So half price nearly so with any news of them buying a money making company the sp should fly.
Indeed - I have SEA in two accounts, one small holding I redeemed the maximum and asked to sell them all if possible. The main account I have retained in full, I think LOGP has topped out for the time being, but I am expecting to hear some news from there before to long. SEA is now a longish term hold for me
FURTHER UPSIDE POTENTIAL IN HYDROCARBON BEARING LOWER WEALDEN AND PURBECKIAN SANDS AS WELL AS IN DEEPER UPPER JURASSIC EXPLORATION OBJECTIVES They might go down on news like last time but they could go to £1 today. That would take us near the 40p mark.
Of it stays at this price after the buy back. Then the logp shares would not be in the.