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but I don't look at every share in my portfolio every day. Not that long ago this was 40p, then it back tracked to low 20s, then I turn my back and it's 12p. What the **** has happened here ? Is it just the general wobble over anything to do with North Sea oil or is it something specific to do with SEA ? Half an hours research has failed to unearth anything that justifies this price, IMHO. Can anyone enlighten me ?
Support & Resistance More 2nd Resistance Point 16.833 1st Resistance Point 15.292 Last Price 13.750 1st Support Level 12.667 2nd Support Level 11.583
well done fella. I'm going to hold out a little longer I think, as just topped up elsewhere. Hopefully I'll get in here, but good luck anyway
Hi Cacher Decided to dip my toe in with a 15,000 @ 12.65p and will buy more if she dips further. GL
Hi all, Just looking at this share its dropped loads looks like a great time to buy some but before i do, why has the SP crashed so much, is this going into admin ? Many thanks
You're not the only one! Was in here many moons ago, and fancy a re-entry. As you say, I'm holding out for single digits too..
I'm looking to get in too...........but only if it gets to single digits. GL
I am in!
My mistake, I see that the previous forecast for 2015 was much better than 2014, but this still looks like an over-reaction.
Seems to me that this is an over-reaction. They haven't really announced anything we didn't know before, and the forecast for this year was already the same as last year, so nothing new there. But everyone seems to be nervous about anything to do with oil, so the slightest negative mention and down she goes.
Will struggle this year; and yet, the show must go on....businesses still need to look after their oil rigs, and oil is still big business....so probably this will be a good time to buy in, once the stock has bottomed out.....
ouch
http://tinyurl.com/oqh6yr9 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.
I've bailed - short and sweet. Anyway, good luck, it's a good company and the sp will probably get back into the 30's later in the year IMO.
Good set of optimistic results. Hopefully the LOGP situation has already been built into our sp. See they have issued an RNS reviewing themselves today. If we get a broker note with a new decent sp target, we might progress, otherwise...?
looking good here prior to tomorrow's results. With regards Free Float, quite right it is the amount of shares easily traded and therefore we discount all major ii holdings and the Bod. I take the easy way though and go to the FT : http://markets.ft.com/research/Markets/Tearsheets/Summary?s=SEA:LSE Scroll down a bit and you'll see 'shares outstanding' and 'free float' - now whether this is accurate, I don't know.
I stand corrected - need to have refresher course on my maths - would have helped if I first of all had tallied the percentages of holdings. Doh!
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%
Dived in.
sorry, I notice your posts late March which give me the expected Results breakdown - I think these might go down well in the market and, if I can, I'll purchse some before Wed. GL All
You've got your Free Float figures the wrong way round I think. Total share = 56m Free Float = 34m or percentage 60.7% - still that's not a massive lot if free float. Notice the results are now brought forward to next Wed. Good prospects for the company but will the Annuals be good?
No, sorry Mayfair. I only read the physical copy. Maybe try Stifel/Oriel or the company?
thanks for the info - have you got a link to the said R note/s.
There is broker coverage from their new Nomad, who issued an extensive research note in early Feb and a smaller one a month later.
Of the 56,364,823 shares in issue only 14,168,254 (25.14%) are not in public hands (free float). Easy to understand the price volatility. However with the full year results expected to be in line with expectation, this share could and hopefully will see a rapid rise. Any further news on contract wins for R2S or additional vessels for marine business in 2015 (which is expected) means additional profitability and will duly add value to the business and increase the share price. At present there is no broker coverage for SEA which I think would be a great asset now but expect Directors will have to release some of their shares for this to happen, There is the option of issuing more equity, but given the profitability SEA now find themselves in I prefer for the stock to remain illiquid as there is much more chance of a rapid rise in share price than on the back of issuing equity.