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http://www.bbc.co.uk/news/uk-scotland-highlands-islands-15690682 nice to see the price improvement this morning, hope it lasts!! logp seems to be have been on fire recently.........
http://www.investegate.co.uk/Article.aspx?id=201109121740560946O
http://www.investegate.co.uk/Article.aspx?id=201107040705016629J
9.00am
rns released this am ref: barryoe seismics.
TIDMSEA RNS Number : 9748H SeaEnergy PLC 07 June 2011 Date: 7 June 2011 SeaEnergy PLC ("SeaEnergy" or the "Company") Posting of Circular and Notice of General Meeting Following the announcement by the Company on 6 June 2011 regarding the conditional agreement for disposal of SeaEnergy Renewables Limited, SeaEnergy PLC is pleased to announce that on 6 June 2011 it posted a circular to shareholders convening a general meeting to be held at 9 a.m. on 22 June 2011 at the offices of Ambrian Partners Limited, Old Change House, 128 Queen Victoria Street, London EC4V 4BJ. The circular sets out the background to and reasons for the Disposal, explains why the Board considers that the Disposal is in the best interests of the Company and its Shareholders as a whole and details the resolution to be proposed at the General Meeting. The Board unanimously recommends that all shareholders vote in favour of the resolution to be proposed at the General Meeting as the Company's directors have irrevocably undertaken to do so in respect of the shareholdings in which they are interested, amounting to 13,178,080 Ordinary Shares, representing approximately 19.1 per cent of the Company's issued share capital. A copy of the circular is also available from the Company's website at www.seaenergy-plc.com Defined terms in this announcement have the same meaning as those defined in the announcement made by the Company on 6 June 2011 at 07:00.
good luck mate, probably see you over at angm!
same here mate, still in profit but only just. gutted to see this slaughtered. by my reckoning the cash is worth 42p/share and logp 5p/share so we should be 47p + any other bits and pieces. ironically I actually think fridays closing price was about right for where we are now. (ie mcap of a little under 50m) apparently there was 4.9m buys to 5.1m sells today and we drop 40%, figure that one!!! i for one am hoping things will settle in a few days and we will stabilise in the mid 50's, dreaming? moi??
who thinks this is now not a done deal is deluding themselves imho. sea need a deal to go through, even if it is not as good as everyone would like.
I'm obviously very disappointed with the serl sale price and the sp reacion this morning. a huge chunk of my profit has been wiped out however with 30m in the bank and 69m shares in issue we are trading below cash value now. I think/hope the drop is overdone. managed to sell a few at 48 and buy them back at 41, small consolation but hey........ so imo these have to be a good buy at these levels. don't forget we have a chunk of logp which is effectively cash too then there's all the other interesting bits and pieces. what with this nvta, ppc not doing well recently!
but the market currently values the company at 50m which is probably about right. even if if you value the company at 40m thats a share price of 57p. wouldn't be surprised if we settle in the mid 50's for now. thats probably the best we can hope for.
nice to see a little more progress here pre-sale, it has lessened the pain a little on nvta! what a nightmare although sounds like you played it well. aah well one step forward, two back it seems................
between this and sle things have looked up, for a moment anyway.
stop ramping, you know theres no way it'll go to more than 40 :-)
serl sale imminent. the header on the advfn thread gives a lot of info.
thanks for that snippet. didn't realise wave 2 was a pullback, does that mean we've had wave 3 then as after the big rise there was a slight pullback from 40's to high 30's??? interesting stuff but as we all know it all hangs on that rns really.
I'm no charting expert but generally the greatest gains are made once a stock is in 'overbought' territory ;-) and wave 3 is generally the biggest, guess what we're waiting for ;-)
or could be............ i wouldn't want to try and trade a decent wedge as it's pretty difficult to buy a decent lump here at the best of times, sitting tight with what I've got for now. nvta very cheap since consolidation, we did discuss them once upon a time. I have some in the isa.
that is exactly what it's saying. maybe traders exiting as they were expecting the news immediately rather than a couple of weeks time :-)
guess thats the end of our rise for now then!!! if it takes a breather in the low 60's that wouldn't be bad at all.