Member Info for sasa43

Well, Ed Miliband's Dad was one, Jeffrey, having looked up his background, so 'like father, like son'...?

Fortunately, LC saw this coming and did something about it in good time and now HBR looks pretty well set after their monster deal; astute management invariably pays for itself - sasa.

Nah, it's the lack of news on the 'partnering front' which remains outstanding - sasa.

Give it a rest, Notsofastyou - this BB is about Serica / its appeal or otherwise, not your jaundiced view of those perceived to be better off than others nowadays; you're probably better off than many 'Gen Z' peeps anyway, if you're an investor here, as you claim - sasa.

Absolutely bang on with that comparison, NewK - starkly illustrating the importance of proactive management teams over passive ones...

Now they've got the Wintershall Dea acquisition confirmed earlier than expected, HBR can really move forward having joined the big league which this deal propels them into; assuming promotion back into the FTSE 100, Insto research will follow, augmented by subsequent tracker buying surely getting Harbour's overdue re-rating underway?

I wonder if LC might have in mind going for a dual listing in the US once things are properly 'bedded down'? Or even a move across to the States entirely? Either would do the sp a power of good from here, of course - so much to look forward to...

Would that Serica's 'new broom' in charge have in mind being so pragmatic to thwart labour's planned onslaught on our company now considered by them as being one of several 'cash cows' to be plundered? DL has been noticeably more aggressive about the implications of all this of late, so next week's webinar might throw some light on it, hopefully!

If they do contemplate unveiling an overseas deal being close at hand and / or consider promoting Serica onto the main mkt, then our sp could well be swiftly moving North for a change, too - sasa.

Interesting this collaborative event, flex but it needs definitive action by both the operators and the Unions to get really restive about this destructive programme which will hobble our domestic energy production, with time so short.

Starmer / Miliband / Reeves would likely 'listen' more to their paymasters (the unions) if strikes were threatened, given they're also funded / employed by their membership but I fear that only when it dawns on the new Government what's really the political and economic cost involved here, might they have a 're-think' of sorts.

Other than that, operators will surely have to regard the UKNS as 'no go' area henceforth, given all the political risks involved? - sasa.

It's all about pursuing the socialist dream - soaking the perceived 'haves' and funding the 'have nots', who'll keep them in power (envy) regardless of the economic consequences for the Nation, as a whole.

The Treasury's contention to continue constructive 'discussions' with industry is just an expedient 'line', given its 'left wing' agenda, anyway - the misconceived plans by them have already been drawn up and the urgent thing the NS operators need to do is stop hoping for some sort of respite from the prospective havoc and make real plans to move elsewhere, asap...

Serica's better positioned than most in this regard but will the new BoD finally act at the 11th hour? Hopefully, the upcoming 'Investor Meet' webinar will throw some light on this - sasa.

Echo that, NQM - the trouble is that Miliband, in particular, is steeped in socialist dogma, augmented by economic ignorance of what havoc that will cause and RR seems similarly unable to grasp such consequences, despite being lauded as 'fiscally competent' by those around her.

The solution would be for Starmer to wake up and replace both of 'em before our domestic energy production is emasculated / imports are boosted / the, so called, 'black hole' isn't remedied and Labour's growth plans are shown to be quite contrary to economic competence; it's quite scary that nobody on the new front bench seems to recognise that...

Given the bleak outlook, Serica needs to move away, asap! - sasa.

Hi tonynorstrom - Serica's 18% yield would normally be regarded as quite unsustainable as you rightly surmise but it is reasonably covered by recent earnings and, more importantly, the sizeable cash hoard on the balance sheet.

I'd be very surprised if a reduction was announced with the interims in a fortnight's time, unless that was deemed necessary to part fund an overseas acquisition which has been long overdue with Serica's 100% involvement with the UKNS with Labour's aggressive taxation programme against the domestic 'upstream' operators there ever closer, as most LTHs would attest.

It has been this vulnerability which has poleaxed the sp by some 70% this past 18 months or so which has driven the historic yield up so much from a 5% odd level at 450p back then. It is to be hoped that the new BoD will finally 'grasp the nettle' and lessen Serica's handicap in the present climate; the shs are fundamentally 'cheap as chips' if this constraint was removed at long last...

Hope that helps somewhat, anyway - sasa.

The interims being declared in a fortnight's time is somewhat earlier than usual if I recall correctly but more interesting, is the reversion to quoting the figs. in US$ - why the need for that, really?

NewK and flexmw have both picked up on the possible connotations here, as I've just done. A US listing would be facilitated by that later on after, perhaps, an overseas acquisition or deal which might be close to being announced soon - now that would be very good news if it's not too fanciful! - sasa.

Yep, good spot, NewK - thanks.

I've now received notification from Investor Meet and have just submitted a question on the 'hot topic' we're all concerned about with several others going in about it, too, I guess...

Just hope that it's seriously at the top of their agenda this time in contrast to MF paying 'lip service' to it previously - sasa.

The critisms and poor coms are well made, bohercom - I echo that, too...

The 'key' here is very much the long drawn out 'partnership negotiations' to get the sp going, at last. One can only hope that a positive RNS on this front will soon be issued to elevate ATM properly into the 'mid tier' miner's league which AV's always confident about, so let's hope he doesn't disappoint - sasa.

Echo that, HappyInvestor re: Jimmy - it's always worthwhile / informative in reading his considered posts on this one -

sasa.

The interim figs should be RNS'd...

Given DL's more vociferous warnings of late over RR's and Miliband's chaotic plans for decimating our domestic energy industry, maybe some definitive action to finally do something about safeguarding Serica's future will be announced?

If they do, then fine (depending on the nature of it, of course) we should see a very welcome respite for the sp - if not, then this, hitherto fine, domestic energy producer, will be rendered a mere 'bond proxy' at best.

The catalyst for moving on or not will be the extent of RR's likely devastating budget a few weeks later to wreck our own industry as things stand - Labour's concept of promoting economic growth; talk about a sick joke! - sasa.

Given the potential size / payback from Anchois / the onshore possibilities and the other ancillary interests elsewhere, I'd think AP would be thinking more along the lines of double that to acquire the co, ianfer.

Hope springs and all that, though... sasa.

Yep, echo that, Nss - bring it on...sasa.

It's all very nice AV 'tweeting' the good news every so often but an RNS confirming the outcome of the long running 'partnering discussions' is what's required to get the sp moving north for a change - surely it's gotta be close now after all this time, unless they've stalled - sasa.

Quite so, Brentw1 - after so many being badly burnt with this one, I thought it was worth a bit of mirth - sasa.

Yes, agreed and the 'earlyQ4' projected timeline is only a few weeks away now - sasa.

Might well prompt a boost to those few groups like NCYT who already have a testing capability / product to market but if they get a request from the NHS to supply them, I'd hope that they'd insist on a COD arrangement this time! - sasa.

Hopefully the latter, D220 and not before time - sasa.