Member Info for NewKOTB

As Rishi was instrumental in the WFT one would hope that it's not therefore further tinkered with .... as now leader of Conservatives and soon to be PM hope he looks towards energy providers (wind / solar / nuclear / hydro ) for more WFT who have benefited from higher electricity prices.

We closed the day prior to RNS at 305p and opened at 320p which created a gap on news of KIST approach, which has now fully closed .... ;-)

Our BoD BOD didn't just ask shareholders to do nothing, we were "STRONGLY advised not to take any action".

https://www.lse.co.uk/rns/SQZ/statement-re-possible-offer-8vvrhdr0py6sypz.html

... Chips out of a yesterday's newspaper with curry sauce on Blackpool's Golden Mile, Kiss Me Quick !!!!

Guess yesterdays ~28% jump in futures yesterday was down to lost production from NS for next 48 hours or so !

Why is it that Serica's luck always manages to find the hardest route to doing anything !!!

aimo & dyor

"Institutions and pension funds love that kind of thing...." not if we are still listed on AIM !!

TS,

Fair points, however past few weeks have shown us that cash really count for little when NBP falls. Our reserves need to be replenished and production upped. Cash has to be used to grow the business in an accretive way not with BB, maybe in addition too but certainly not as a standalone solution to spending OUR cash.

As for Andrew, yes my eye has been on that one for sometime now and would forgive all other 'lost' opportunities if ACW et al land that fish, fingers crossed. ;-)

aimo & dyor

Info,

We would be negotiating from a position of weakness ..... Other players must be looking at us with envy and thinking, "If only we had £600m to spend ..."

Buyback would signal utter failure in our M&A strategy afaic.

aimo & dyor

Yep,

If economics were good enough for Petrogas, I'm sure they would have been for us too.

https://www.crgplc.com/our-assets/

https://www.energy-pedia.com/news/united-kingdom/cornerstone-resources-completes-abbey-and-baker-farm-out-completion-189378

Our M&A strategy .... not sure where we go from here, opportunity after opportunity appears to pass us by !

M&A Strategy, what strategy, clearly it needs to be amended... 4 years 11 months and counting !!

aimo & dyor

Think you need to know much debt had been paid down, plus several other +ve factors which I'm sure you will DYOR to find out, then you will see why HBR is undervalued atm

shanklin,

Thanks for the link ...

I'm a little late, but welcome and we all look forward to informative exchanges and +ve contributions to our troll free BB.

atb

Blackrock shown as holding 5.16% on Serica's Shareholder Register Analysis ..... yet this RNS states their position of previous notification was below 5% .... So have they sold down previously at some point then added again to now settle at 5.02%, appears so !

Google .. "uk day ahead +nbp +da", different search engine provide different result although your "NBP gas price" gives Marex on the second page !

Sorry if I offended you as this BB suffers regularly from, shall we say, 'unwanted guests', hence my skepticism.

PS Could you possibly re-post the ADVFN link but without 'advfn' in the URL

Many thanks.

Info,

Not got a clue .... my previous estimate, which it bounced off yesterday, got smashed through this morning ... so revised, I'm now looking at Friday ~289p, can't believe it tbh unless we recover to >316p today, we may then stand a chance.... sentiment is a strange bed partner. The helter-skelter of NBP needs to be addressed and mechanics of market pricing investigated. How can we go from ridiculous highs to ridiculous lows in a matter of weeks when fundamentals haven't particularly changed, at least we can't go negative unlike WTI in April 2020. Smoothing mechanism of NBP would give assurance to both producers and UK GOV for their cap and subsequent additional debt levels / taxation, may even mean WFT would not have been needed either !!

In the meantime, we just need to 'roll with it' !!

aimo & dyor

Info,

See the whole article is based on futures prices, as we all know mean nothing. UK consumer prices are taken from NBP DA spot.
He goes on to say, based on yesterdays reporting "On the spot market, gas is trading at £2.32 per therm in the UK,.." errr no, futures are !!! He then states "However, futures markets which track contracts for months ahead remain historically elevated..." so he's not got a clue, hacks of this type do so much damage.

aimo & dyor

shanklin,

ADVFN users post these links and others all the time over on there, strange with you being such an experienced poster, over 20 years, premium ADVFN account holder too, you never opened an account here until today after Vlad got banned also that you don't know where to get this basic information. Even though these links are posted all the time and a simple internet search would give you answers required, strange .... Just saying !

Maybe you just hi-jacked that username for acceptance and validation here, who knows ... jury is out !

On the other hand we all look forward to positive posts from yourself and not in the style of Vlad.

atb

shanklin,

Hope you are not re-incarnated Vlad as your new account will not last long ..... !!

See recent previous post for various free links ....

"the lowest level since mid-June.." for TTF maybe, not for NBP, that goes back to Sept 2020

As I mentioned last week .... NBP market is totally broken. HMG need to look at mechanics of how NBP is determined as I'm sure gas is worth more now than it was during Covid when the world shutdown. Not targeting O&G's as their profits and subsequent prices consumers pay are determined by NBP market, that's real crux of the problem.

Hope relevant O&G associations are penning letters to Hunt explaining these wild market swings and asking for WFT to be removed forthwith. Need Looney to make a statement, something akin to, 'BP are like a cash drain machine'

PS Thank goodness for our "Prudent Hedging".... words I never though I would utter.

PPS Looking like our reluctance to spend appears a strategically inspired move, now ~65% cash and equivalents with zero debt .... lol

aimo & dyor

surprised,

Agree, there was a disconnect between supply and demand way before Putin's madness started .... only mild weather and relatively high EU storage situation is impacting NBP atm .... that will all change as reserves begin to empty and competitive buying on open market for the Northern hemisphere kick off in earnest, Nov / Dec.

For SQZ a lot rides on NE for short-term sentiment but one would hope come well results mid Dec that NBP will be elevated once more. To counter that we will of course accrued significant cash on top of our est ~£520m held atm.

PS Could Ithaca open its purse our way, who knows !

aimo & dyor