Member Info for sasa43

Quite so, DTP - with the 'wait and see' posture adopted by the BoD no longer relevant, post Budget, something now needs to be done to enhance our potential; doing nothing is no longer an option...sasa.

As hoped, to improve the sp somewhat but it's only a temporary refinement of the punitive tax on our NS O & G industry.

Hopefully, the BoD will now make up their mind to better position Serica by utilising their cash / borrowing facilities in acquiring an overseas asset, as the attrition against our domestic energy production will merely continue with Miliband so intent on doing so...

Buying a cheap NS operation as an alternative will only extend our vulnerability to this pernicious policy over time, so come on, DL & others, earn your keep and adopt HBR's pragmatism at last! - sasa.

'Retail investors piling into gilts on good yield grounds' ahead of RR hiking CGT rates on shares - well, good luck with that idea, is all I can say.

Current yields, both running and redemption, are barely above inflation levels here (RPI) - ISA's are tax free, too, as things stand and you can find a host of 'blue chips' / decent shs yielding a good deal more than gilts right now, like this one.

Over the long term, shs have comfortably out performed gilts in total return terms and for well understood reasons - sasa.

Serica's sp is discounting all but the proverbial 'kitchen sink' right now, surely?

Whilst I'm not expecting any change to the injurious proposals outlined towards our domestic O & G industry from RR's budget on Wednesday, any modest respite or refinement even of the Govt's plans could well spur a decent price recovery, at last.

Whatever the outcome, if it finally prompts our new BoD to take action, especially widening our involvement by acquiring an overseas asset, such news should significantly enhance our investment perception / SP to major advantage.

They did loosely mention the possible move off AIM a while back, too and if RR's plans to remove the IHT exemption applicable to most issues on the junior mkt, they'll be an additional incentive here to do so as well.

Hopefully, things can only improve from here - sasa.

You'd think / hope that someone in the new government would rein in this maverick but no; these novices are all too busy prancing around enjoying the novelty of suddenly being in charge thinking the world now revolves around them.

Reality will crash in soon enough, though, with all of us paying the price, as ever! - sasa.

That, albeit sick joke about Serica doing so, NewK, made me laugh, somewhat nervously, I have to say!

I guess the unfunded GB Energy creation will probably get involved with the cash coming from either the additional borrowing 'card trick' RR has in mind or just a slew of new gilt sales, if the bond mkt obliges?

I can't imagine any seasoned Insto representative attending their recent 'growth seminar' would really pay anything but 'lip service' to their ideas, given the investors they're answerable to but you never know, vis a vis the inherent 'gongs' opportunity for some... sasa.

Yep, go Linda go! Just wish Serica's BoD would follow suit; it's all very well hoping that, somehow, Labour's 'leopard will change its spots' at the last minute with RR's upcoming budget relenting somewhat but it never does...

Nothing beats dogma but disaster which costs us all in the end, like Gordon Brown selling much of our gold holdings @ $250 per oz back in the day and stupidly telegraphing his intentions beforehand! - sasa.

But the upturn is likely to be also some 'cum' divd buying ahead of Thursday's 9p ps going XD then.

Payment is scheduled in a month's time on the 21st November - sasa.

Couldn't agree more, TDT - these vids. are all about a quality presentation, especially where good news is concerned.

No 'spin'; just a compelling story of successfully progressing matters of what they preside over, primarily for those unfamiliar with the company and its potential. Merely blustering through a Q&A session 'ain't sufficient use of such a good PR opportunity...

Done much better to enhance Andrada's profile and we should see the sp get off its knees sooner than otherwise and all us LTHs would welcome that respite, I'm sure - sasa.

I'm inclined to agree with TDT's view on the vid. front...

Putting over a more lucid explanation of what's been released can only be helpful in assisting appreciation of the event, rather than a somewhat disjointed effort in doing so. Some are naturally better at it than others, that's all - sasa.

Agreed Richy - I've just done the same with a small top up just now - as pekingduck observes, the outlook now is a good deal more promising than hitherto and when this seller finally gives up, the sp should be released to sensibly reflect a lot more of the potential here - sasa.

The trouble is the new Govt. is as 'green as grass' - like kids having been given the keys to the tuck shop.

Those that think they know what to do, don't have a clue; meanwhile, Miliband struts around thinking that as he's now got the hang of handling a bacon butty at last, he warrants being the 'big cheese' / the best they've got, to preside over our domestic energy policy - like a 'Carry on' film in the making and all at our cost!

Starmer still doesn't get any of this going on around him, of course, as he's still lapping up the plaudits of somehow getting his motley crew into power - sasa.

Cheers, Copper, for the further info - sasa.

That's interesting, Copper - I hadn't realised that.

The only other Aussie group with a Chinese holder (approx. 10%) I was aware of is Askari Minerals, which acquired an Exploration licence in the middle of Andrada's Spodumene Hill ops. a while back, which has always intrigued me - their recent drilling results there have been quite encouraging, apparently... sasa.

Given the strength of gold, copper and most other commodities as the US$ weakens / interest rates ease, the 8 % NAV discount now + the 6.25% yield, makes for an attractive combo, imv - sasa.

Hi, Solo - Investor, as dadean rightly says, nobody can really answer that question for you, given the vagaries of the stock mkt, as it's your cash / your risk profile, etc., after all...

I reiterate that but as far as Serica's concerned, the interim divd was maintained recently, being decently covered by their eps and, statistically, the shs are very cheap on normal considerations but, right now, nothing's normal ahead of Labour's end Oct budget details and their horrendous tax proposals on our domestic energy producers, as things stand.

Many on here have been pressing the new BoD to lessen their 100% involvement in the North Sea by investing in something overseas, too, given their healthy balance sheet currently but will they? If they do, Serica's sp should jump smartly from today's very low level and also if they move off AIM onto the main mkt where greater Institutional interest would be afforded.

A safer bet, given those aspects, might be Harbour Energy (HBR) which has already pulled off a major overseas deal and being on the main mkt, could be promoted to the FTSE 100 by the year end. Well worth a look as a decent alternative, possibly, (yield 7% odd right now) but, given the mkt vagaries, etc., it can only be your choice...

I hold both, by the way, so my comments are naturally biased.

Hope that helps, anyway - sasa.

Yeah, quite right, bonker - that's the obvious bottleneck to keep an eye on now - sasa.

New Govts. are not noted for 'U' turns until reality sinks in and suggests otherwise. Maybe, some 'tweaking' on the capital allowances front might be seen as this would be less of a 'headline' than anything else, if we're lucky, I'd say.

Regardless, Serica needs to improve it's perception by moving off AIM (already mooted soon to some extent) and acquiring something overseas to materially lessen its horrendous tax burden once the offsetting Tailwind losses are exhausted - that's the main incentive for the new BoD to address, surely? - sasa.

Yep, agreed surprised - Miliband's naivete is breathtaking; killing off our domestic energy supply which powers industry at a time when it'll be needed the most to build out our 'green' infrastructure is utterly stupid. Doesn't anybody in the Treasury or Starmer's govt. realise that?

Apparently not, quite apart from the costs in importing the fossil fuels required, in lieu, to undermine our balance of payments which RR doesn't seem to 'cotton on' to that consequence in undermining her supposed 'growth' plans, either!

Drunk with the novelty of getting into power, the lot of 'em, with no idea of how to govern responsibly now they're in charge - pathetic! - sasa.

The impression I got from the last webinar was that they're waiting to see whether there'll be any respite in the budget from the idiotic plans to decimate the NS producers, as things stand.

The unions have berated the new govt for jeopardising some 100k jobs of their members who work in the industry + 100k more in businesses relying on their custom unless they moderate their plans; hopefully, they will heed their warnings...

If they don't, the BoD should already have in hand an overseas deal to safeguard Serica's future, given the approaching threat has been looming for sometime now but if does RR relent somewhat next month, then such a decision can be adjusted accordingly. Doing nothing isn't a viable option, imv - sasa.