Member Info for Adobong

SP should be at least 4p and hopefully will be shortly. WAS has fingers in several pies and a money-saving technology people pay good money to utilise - what's not to like? And the more people who buy the technology the more profit WAS make yet their costs stay the same. Potentially a 100-bagger. And ISA-able.

I can quite understand OilyPete bailing out as I've considered it myself. At 69p I was up 155% and considered selling half my holding but greed got the better of me. Ditto almost every other investor. Since the plunge I've hung on. Perhaps I'm emotionally attached? However I did sell 25% of my holding @ 26p in order to invest in RMP which I think has a brighter future. But I still have faith in SEA - it's a question of how many more appealing investments hove into view...

Whatever's going on?

If you're going to dis SEA I think we deserve to know which share you think is a better bet! Unfortunately, there are several thousand contenders. For my part, if SEA outperforms RMP, XEL or WAS over the next 6 months I'll be very surprised. But stranger things have happened...

I note your comments. It's always difficult to know what to do. Buying is easy - selling is more problematic. Basically it's down to comparing one investment against another - I recently sold an investment which subsequently rose but the new investment rose a lot more so it was the right decision. I'm currently thinking that SEA is not going to rise dramatically in the near future so the money could be better invested elsewhere. But I'm reluctant to sell out completely as I suspect an unexpected announcement at any time which could have a dramatic impact on the SP. Remp hasn't invested for nothing! Sorted - sell 66% and hold 33%. And kick myself later but I've stuck with no-hopers before on many occasions. Timing is everything.

SEA is my largest holding but I'm starting to see other more compelling investment opportunities which, if I'm going to invest, will mean slashing my investment in SEA by two thirds. Unfortunately, my history tells me that selling some shares in a company almost always means I completely bail out later for even less! So maybe I need to bite the bullet? I'm also invested in LOGP which appears to be SEA's best short-term hope so why not cut out the middle man?

...when risk appetite returns. So come on the USA - print even more money and make energy even more expensive so Alternative Technologies are more attractive.

Well, it's up! Of course, Remp buying never meant it MUST rise but why would he invest money if he didn't think he was going to get a return? There are plenty of other opportunities. And despite everyone moaning that Remp has not delivered Shareholder Value - it just depends on when you invested and failed to sell!

If the SP is going to hover around 30p for the next 2 years why would Remp buy another 311,000 shares? Maybe he knows something you don't? And someone else bought 500,000 shares today. Expect the unexpected - what could make SEA double in value? I'm not sure but finding it # 1 Top Riser one fine morning would not surprise me.

I note your comments but I'm still inclined to sit tight and await events. Ironically, I'm still just in profit having seen £28k wiped out. I expect the unexpected but it's impossible to make money!

Pleased to see WAS up at last. I have a major holding and I've advised my X-Wife to put it into her ISA. Hell hath no fury like an X-Wife whose ISA doesn't perform! I'm convinced this investment could multi-bag. The more clients who sign up the more money WAS makes. If they don't sign up many clients then it could stall but they have other interests... Desperation, perhaps, but worth 10% of anyone's portfolio.

Rabbit in the headlights? The question one has to ask oneself is would the money I have invested in a share that's crashed be better invested elsewhere? The answer is almost always Yes. Wish I'd sold SEA and re-invested in XEL before it bounced. I bunged everything else I had into XEL and it more than doubled. In the meantime SEA has barely moved. Up a bit, down a bit. But if your calls are wrong you soon get wiped out.

AIM shares which are dual-listed (i.e. on the AIM and another stock market) are ISA-able.

And don't forget all future multi-bagger profits are tax-free if you hold WAS in an ISA.

Can't be bothered to read all the rampers' tales. I've failed to bank profits twice but I'm still convinced SEA will deliver. It's a question of timing. Or maybe I've become emotionally involved? I know it's fatal but the Meerkat doesn't obey any rules. As I've learnt to my cost. So why did I bung everything I had available into XEL yesterday? It's up but it's still only part of my portfolio. Boring.

...to buy just over half the shares in SEA and once in control of the company I'd declare a special dividend of 40p a share. Instant 133% profit and I'd still own half the company for free. Or am I missing something?

Nice to see a 6% rise and let's hope the SP continues to rise. SEA is still my largest investment even though it's contributed greatly to the 25% drop in value of my portfolio over the past fortnight. But plenty of other shares are seriously down too albeit over a longer timescale. With an average buy in at 25p I could've sold at 69p but didn't so I can't argue that Remp didn't deliver shareholder value! It's a question of timing. I'm still convinced that SEA has a great future on several fronts.

SEA ends the day with a Mkt Cap of £27m. The offer for SERL is £38.8m! And that's for only part of the company - what is the rest of SEA worth? Admittedly their investment in LOGP is in the doldrums but could eventually be worth a fortune. Wishful thinking? Yes, but fortune favours the brave or wipes them out. I share regvarny's optimism about a counter-offer - I can't believe that Repsol can get away with what is almost highway robbery! Ironically, I'm still in profit after the 42% plunge but I certainly wish I'd sold 40% of my holding on Friday after seriously considering what the upside from 69p could be. A bird in the hand etc. But I decided that £1 was in sight and the rest is history.

Agreed. If Remp really wants to create shareholder value then why not sell the whole of SeaEnergy for £75m and the SP would be over £1.

Just increased my holding by 20% at 39p which equates to a mkt cap of less than the proceeds from the SERL sale. SEA has many other strings to its bow but I'm also hoping a higher offer might materialise.