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Pin to quick picksSerica Energy Share News (SQZ)

Share Price Information for Serica Energy (SQZ)

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Share Price: 152.30
Bid: 152.70
Ask: 153.60
Change: -1.00 (-0.65%)
Spread: 0.90 (0.589%)
Open: 152.80
High: 156.10
Low: 151.40
Prev. Close: 153.30
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Sunday shares tips: Serica Energy, Greene King, CMC Markets

Sun, 06th Jan 2019 14:41

(Sharecast News) - In this Sunday's round-up of newspaper share tips, there was Serica Energy in the Sunday Times, Greene King in the Mail on Sunday and CMC Markets in the Sunday Telegraph.Serica Energy, the AIM-listed oil and gas producer, was tipped as a 'buy' in the Sunday Times' Inside the City column. In late November, a year after first agreeing the deal, the company tied up a tricky deal to buy stakes in the Bruce, Keith and Rhum fields in the UK North Sea from BP, Total and BHP. Instantly becoming one of the largest mid-tier exploration and production companies in the region in a deal that constituted a reverse takeover under AIM rules, Serica acquired operating rights on the three fields, with a 98% interest in Bruce, a 100% interest in Keith and a 50% interest in Rhum.Bringing these fields into the group means Serica is producing around 26,000 barrels per day, more than FTSE 250-listed Cairn Energy. The North Sea portfolio is over 85% weighted towards natural gas. Annual profits are forecast to jump from a predicted $9m in 2018 to $175m for 2019, according to broker Peel Hunt, as revenues rise from $41m to close to $400m.Elsewhere in the portfolio there are exploration and development interests in the Rowallan, Columbus, Skerryvore and Ruval fields of the North Sea, plus an existing 18% non-operated interest in the Erskine field. Drilling has begun at Rowallan, while the 50% operated interest in the Columbus field is scheduled to start development in 2019 and expected to begin producing from 2021.Shares in Greene King were tipped as a tasty investment tipple by Midas in the Mail on Sunday, saying buying now gave access to an "undervalued" stock paying a 6% dividend.As well as brewing the likes of Abbot Ale and Greene King IPA, the company is the UK's largest managed pubs operator, with its chains including English Inns, Loch Fyne eateries, family pubs under the Hungry Horse and Wacky Warehouse brands, and the Spirit portfolio of pubs under the Chef & Brewer and Taylor Walker brands.First-half results in early December showed a 2.7% increase in like-for-like sales in the pub company, which was well ahead of rivals such as Marston's and EI. Progress was also made on boss Rooney Anand's priorities of improving underlying sales growth and efficiency and refinancing the debt taken on from the Spirit acquisition in 2015.Anand steps from behind the bar in April, with analysts at Liberum suggesting that the announcement of a successor could be a "positive catalyst" for sentiment towards the stock that will draw the line under a period of acquisitions.Questor in the Sunday Telegraph said CMC Markets "could be a doubled in a year or two". With spread-betting firms tending to do well when markets are volatile, CMC's shares "look cheap".
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13 Jul 2022 19:32

TRADING UPDATES: Eqtec seeks raise; Black Sea Property buys

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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12 Jul 2022 12:19

LONDON MARKET MIDDAY: Stocks fall; euro drops to parity against dollar

(Alliance News) - Stock prices in London were lower at midday on Tuesday on fears that central bank moves to fight inflation will spark a recession, while the euro hit parity against the dollar for the first time in almost 20 years.

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12 Jul 2022 11:29

AIM WINNERS & LOSERS: Serica, Kistos trade offers; tinyBuild upbeat

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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12 Jul 2022 10:42

Kistos, Serica reject each other's takeover bids but see merger merits

(Alliance News) - Kistos PLC and Serica Energy PLC on Tuesday revealed they have traded takeover offers, with each rejecting the other as they mull combining to create a company that could rank within the FTSE 250 index.

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12 Jul 2022 07:47

Serica Energy rebuffs £1bn approach from Kistos

(Sharecast News) - North Sea specialist Serica Energy has rejected a £1bn takeover approach from smaller rival Kistos, it was confirmed on Tuesday.

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11 Jul 2022 14:38

IN BRIEF: Serica Energy spuds North Eigg well in North Sea

Serica Energy PLC - London-based oil & gas company - Says the North Eigg exploration well in the Northern North Sea spudded on Monday. If successful, Serica says the reservoir will be gas filled and provide low emissions gas to the UK domestic market during 2025 to 2035. "It is anticipated that a discovery at North Eigg would be developed utilising Serica's nearby 98% owned and operated infrastructure on the Bruce platform," the company notes.

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11 Jul 2022 14:03

Serica Energy announces spudding of North Eigg well

(Sharecast News) - North Sea-focussed upstream oil and gas company Serica Energy announced the spudding of the North Eigg exploration well on Monday.

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8 Jul 2022 09:44

LONDON BROKER RATINGS: HSBC cuts pub stocks; Goldman downgrades M&S

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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23 Jun 2022 16:04

UK dividends calendar - next 7 days

Friday 24 June 
Alfa Financial Software Holdings PLCdividend payment date
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BP PLCdividend payment date
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Euromoney Institutional Investor PLCdividend payment date
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Henderson Opportunities Trust PLCdividend payment date
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Thursday 30 June 
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Caledonia Investments PLCex-dividend date
Caledonia Investments PLCspecial ex-dividend date
Cardiff Property PLCdividend payment date
Chelverton UK Dividend Trust PLCex-dividend date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
F&C Investment Trust PLCex-dividend date
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Imperial Brands PLCdividend payment date
IntegraFin Holdings PLCdividend payment date
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Learning Technologies Group PLCex-dividend date
Liontrust Asset Management PLCex-dividend date
Lowland Investment Co PLCex-dividend date
NextEnergy Solar Fund Ltddividend payment date
Palace Capital PLCex-dividend date
Premier Foods PLCex-dividend date
Premier Miton Global Renewables Trust PLCex-dividend date
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Schroder Real Estate Investment Trust Ltddividend payment date
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Serica Energy PLCex-dividend date
Smart Metering Systems PLCex-dividend date
Spectris PLCdividend payment date
Tate & Lyle PLCex-dividend date
Temple Bar Investment Trust PLCdividend payment date
Treatt PLCex-dividend date
Troy Income & Growth Trust PLCex-dividend date
Urban Logistics REIT PLCex-dividend date
Vertu Motors PLCex-dividend date
Warehouse REIT PLCdividend payment date
Watkin Jones PLCdividend payment date

 

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23 Jun 2022 16:02

UK shareholder meetings calendar - next 7 days

Friday 24 June 
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Devolver Digital IncAGM
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Northcoders Group PLCAGM
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Celadon Pharmaceuticals PLCAGM
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IQE PLCAGM
Katoro Gold PLCAGM
Rockhopper Exploration PLCAGM
Sound Energy PLCAGM
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UK Oil & Gas PLCAGM
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Zegona Communications PLCAGM
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23 Jun 2022 15:14

North Sea firms warn Britain's Sunak windfall tax will slow investment

LONDON, June 23 (Reuters) - North Sea oil and gas companies on Thursday told Britain's finance minister Rishi Sunak that a planned windfall tax on energy profits could undermine new developments in the basin.

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6 Jun 2022 12:46

Serica Energy shares surge as moves to soothe fears on UK levy

(Alliance News) - Shares in Serica Energy PLC climbed on Monday after the company said it expects its planned investments to be eligible for tax savings, offsetting "a large element" of the UK's Energy Profits Levy.

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27 May 2022 17:03

LONDON MARKET CLOSE: Stocks rise as key US inflation measure moderates

(Alliance News) - Stocks in London ended higher on Friday after data showed a key measure of US inflation eased, fuelling hopes that price increases could be slowing.

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27 May 2022 10:34

Harbour, EnQuest and Serica shares slump on UK windfall tax

LONDON, May 27 (Reuters) - Shares in British North Sea oil and gas producers Harbour, EnQuest and Serica slumped on Friday, a day after the British government announced a windfall tax on domestic hydrocarbon companies.

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26 May 2022 16:23

EnQuest, Serica shares fall 12% after UK oil and gas windfall tax announcement

LONDON, May 26 (Reuters) - Shares in oil and gas producers EnQuest Plc and Serica Energy Plc fell around 12% each on Thursday after the UK government announced a windfall tax on oil and gas producers.

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