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The remaining 600ft could come out tomorrow is what they said at the presentation. I guess not
Pump it Up in Tunisia. That old lining must be out by now.
C.
This is what is written on the company website exactly the opposite of what has happened in the last three years.
They need to update this message on their website by ADDING we have the most incompetent management and our sole purpose is to destroy share holders wealth
Serinus Energy Overview
Serinus Energy plc. is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.
Through our large and extensive land base, the Company has identified a significant future opportunity set that provides growth beyond our existing production and development projects.
The management of Serinus has extensive experience and a proven track record of prudent oversight in the allocation of shareholder capital.
The Company’s ordinary shares are listed on the London AIM (SENX.LN) and Warsaw Stock Exchange (Symbol: SEN.WP).
They only need money to pay themselves Huge salaries and delivering consistent Failures for the last three years.
Total incompetent management. No one believes them anymore
I would imagine it depends on cashflow - if they need the money for the business, then buying shares now might not be the best timing. Altho it wld be in that the shares are so cheap......
Im expecting rns of buyback( as early of year).i think is an excellent entry point , so i entered with 2 buys.No advice as market is very unstable but the problem here is confidence on the board, not on assets….lack of volumes might deter buyers but news should be out soon( as delayed so much).
Adon30 that make sense . SENX can resell later say if they buy back now for example with new gas plant construction .Then acceptable to everyone . But issue here is they do not buy back now . Valuation Adrian is NAV 22p, and total risked NAV 42p – substantial upside to current share price levels.
If they are buying they are only doing it as 'back up' money. They are not deleting the shares. They are holding them as a rainy day fund.
All the shares they have previously bought have not been deleted.
I think the 3 x 50.000 shares and 1x25000 were buys from company.very modest amounts.they should buy loads more , by what they are predicting/ saying……
Really Nav 42p?they must have some news to come out to get near even 20 p! Come on, show us !https://1lo.co/tml4S
Someone or entity is taking a position here judging by all those buys.
If W1 and N2 are successful it will be in double figures in no time, at the moment though it's purely a binary share, they really need to start drilling in Romania again now we've got 100% ownership.
The BOD's only interest in the SP at the moment is for it to be as low as possible, there was virtually no liquidity in the 7-9p area and this drop has freed up some stock, I suspect we'll get some confirmation of more buybacks soon.
The most important indicator that this is a BUY, is RSI, it's never been this low, way oversold.
CEO and rest of the board are Group of crooks and fraudsters. None of them have any ability to deliver. They have been consistently Failing for the last 5 years. Only success they have achieved is paying themselves huge salaries with ZERO returs for Shareholders.
I also feel management let this SP go down on purpose . Also may be MAY BE some people buying this under radar less that 3% so it does not show up share movement but they can control the price and get the benefit of the panic sells . This is why company should buy back . No single share buy back . 11p to 6 p in few weeks time . My second point is JA said there were discussions to bring that dried well to production due to higher gas price . What we dont know is what is the gas price should be in order to bring it to production . All unclear but hope this will be back to 8-9 soon after end of panic selling
It is shown in the NAV. Now just listen to the last presentation and JAs comments especially about value and share buy backs. This would make a good Black Adder script. The Zimmer frame mindset.
C.
Agree but add on this BoD who the market seem to value as clueless. Time for a change Sebastian. C.
Just sold my holding in this crap share. Put the cash into my MTL instead.
Does anyone know if there is a time limit on a CFD? Spreadex were playing games almost exactly a year ago. Does this correspond to the large continual sells over the past month and previous matched sells which could indicate a position closing. Most posters appear to be holding firm, as even with last years poor performance and unfortunate well results, the company does appear undervalued, even more so now.
Seems to me that with reserves at $85m then this has to be massively undervalued. Anyone have .a view
Shldnt the arbitration success have boosted their asset value?
Anyone know what the $1.9m asset impairment is? What does that mean?
The lack of news in regards Romania is a red flag for investors
Problem is no liquidity in the shares also you can't buy more than 10k if you do your buying at a 30% premium
Pointless being public, shareholders just getting rinsed
But when you put out statements like were only public so we can have access to more cash from raising capital it doesn't bode well with the market
Has to pay a dividend of some kind but the cash is drying up with oil prices going lower
Either the greatest value in history if oil rockets or your looking at 90% losses just a deadly game
Agree it's incredible that with a nav of 24p the sp is 6p, maybe they are looking to take it private?
I find it gross that I find this company dirt cheap like everything on the AIM
Market cap at like 7 million is just insanity the market lost full confidence with the board
They should try and sell the company to unlock shareholder value