Member Info for D220

This might have an impact on future pricing:
https://www.telegraph.co.uk/business/2022/07/21/britains-biggest-gas-storage-site-course-reopen-autumn-race/

I know we were crazily undervalued but this looks like something more...?

https://www.cmcmarkets.com/en-gb/opto/is-serica-energys-share-price-undervalued
I think we know the answer to that question without logging in....

This sums up what I think:
From tigerbythetail on advfn:
"Two thoughts:
1. It's a great operational update.
2. It's the RNS you hurriedly release to market when you're expecting a hostile bid and you want to ward it off."

Just been reading advfn bb. Might the rise in KIST not be due to leaks/speculation re. A.N.Other looking to bid for them? As UO suggests, Ineos could snap them (and us) up without any indigestion and they have already said they are looking for fossil fuel assets.
That would put the "cat amongthe pigeons" ! :-)

I do know the answer thanks - if the exact proceeds are reinvested in another qualifying AIM share immediately, the exemption continues.
For me SQZ is a great investment anyway but the IHT exemption will mean an additional 40% return which is serious money on well over 200k shares. Clearly if SQZ move to main market or are taken out by a main market company, I would need to sell up to keep the exemption.
I don't know how old the Hardys are but I bet the IHT exemption is very attractive to them. Or their family at least! :-)

chinch, NO! I wouldn't accept £4.
£4.50 now, then I would.

sasa, I generally agree with most of what you say, most of the time but can't let this go:
"moving onto the main mkt as an advantage (not a silly 'IHT loss' reason not to do so) and thereby gain genuine Institutional interest in us"
Silly IHT loss reason? Seriously? That "Silly IHT loss reason" stands to save me and my siblings several hundred £k if SQZ stay on AIM. So not that "Silly" eh?

NewK, I completely agree with your sentiment. The Hardy's are clearly smart people so I can't understand why they wouldn't angle after an increased offer from AA, before agreeing to side with him. For me, I would be content with 450p equivalent. I still think that undervalues the potential of SQZ (even without a hit on N Eigg) but there currently SO many undervalued opportunities in the commodity sector that I would be easily able to recycle funds from Serica to elsewhere.

So, what if Ineos joins the party with a bid for SQZ?
https://www.telegraph.co.uk/business/2022/07/16/jim-ratcliffe-rides-energy-crisis-ineos-bets-big-oil-gas/

Nice to see the BOD give a definite " thanks but no thanks". With supporting reasons.
Seems the door IS left ajar but I think the best outcome would be an offer from AN Other.

NewK, agreed, it comes down to what the Hardys will take. Really hope it is 450p minimum. That would do me too!

I wonder what the Hardys are thinking....?

Serica is "considering its' position"...

Although the offer from KIST as tabled is derisory, I am pleased that this has brought the value of Serica into focus. No more sub 300p trading. We are now firmly in the spotlight of predators. Bring on the offers!

I thought this might have opened higher on "hope value" of a competeing offer. Only 10% up???

flex, I have already emailed urging them NOT to consider this offer!

"we are now also actively exploring how we can roll out a much-more expansive reconnaissance campaign across our 8,800km2 property."
Sounds like a partner of somekind IS in the offing. Deal with a major? Keith, AA riding in shortly? :-)

Joe, I really hope you are right. Certainly seems to be some momentum building this week...

I am not getting excited yet. Bought at around 50p in February and have held (stupidly?) all the way down, even when the Telegraph Questor said sell at 8.25p. ( I have TGP as part of an IHT portfolio). Haven't bought more. Would be pleased to see this in the twenties next week though.