Member Info for sasa43

Thanks, bohercom - will have a look at this one...sasa.

Nice idea, Pete but the problem here is a case of "there's none so deaf as will not hear"...

Additionally, the new government has little or no experience of running anything in the business world and, for now, they rely on the age - old dogma of - 'if it's profitable in the private sector, then tax it all the more to benefit the 'working class' who produce it', as if wealth generation doesn't first require private capital / risk taking and hard work to create it!

They usually realise their folly later on but by then it's often too late and, anyway, it'll become the next incoming government's problem to deal with and so the carousel continues - sasa.

I'll add more once we have the long overdue news of the 'partnering ' details which have been ongoing for 18 months now.

Assuming the terms are deemed 'reasonable', such will add credibility to Andrada's potential which it badly needs, if the subsequent sp performance is anything to go by. Then the mkt can latch on to tangible progress but for now, the waiting game continues... sasa.

Hi Nss - as we all know, the mkt hates uncertainty and it merely awaits confirmation that the Watershall deal is finally nailed on and then the sp should get going in earnest.

It's impressive how many ops they're involved with ahead of the WD acquistion and naturally hope that nobody 'drops the ball ' in the interim - that's my take as Q4 approaches, anyway - sasa.

Hi flexmw - pity that Mitch only now lambasts Labour's idiotic NS energy policy once he's out of it - he could / should have done something about it for Serica's sake when he / the old BoD had the chance to sidestep the oncoming threat.

Let'd hope that the new lot in charge are pragmatic enough in finally addressing this impediment, at last - sasa.

'Completion in early Qtr 4' is a positive enough qualification for me, Nss...

A 'transformational deal' is often an over used event statement these days but in this case, it's certainly justified, given the propelling nature of it into the top rank for HBR.

Once it's 'in the bag', the sp should readily shake off the recent doldrums and enjoy a steady re-rating, as analysts get to grips with the tangible implications of this 'sea change' for the Co. - sasa.

That's what's needed / hoped for, upomega, to get Serica's sp off the floor...

Doubtful whether the new management team here could emulate anything as impressive as HBR has managed to achieve but anything away from the UKNS would be very welcome, certainly - sasa.

'the main positive for Harbour is the acquisition' - quite so, Megla, along with the string of their existing overseas assets under development to substantially reduce their UKNS exposure - in short, impressive management being 'key'...

Once the Wintershall deal completes, the stock should regain their FTSE 100 status and beyond that, LC might well ponder becoming dual listed in the US to garner further international appeal where O&G concerns are more highly rated, of course.

In that case, such a move would materially boost the sp (whilst ramming home Labour's idiotic NS plans in the process) so much to look forward to here, all being well, methinks - sasa.

Hi Megla - 'Mkts hate uncertainty' - indeed, they do and that's amplified all the more by being on AIM, unfortunately, as we know...

If Serica finally makes an overseas move, I'd hope that that would also stimulate their desire to get off AIM and onto the main mkt after completion, to help close the yawning valuation gap we've had to put up with for so long - it was mooted 'back in the day,' so 'hope springs' in that respect, too! - sasa.

Will the new government listen to the energy industry here and relent somewhat on their excessive 'crusade' against our domestic upstream production capability in the October budget proposals, as loosely framed so far, or not?

If they do make such a 'concession', then a decent price recovery from this 'sub - bargain basement' level can be expected, depending on what the respite might comprise. Better yet would be confirmation from Serica's new BoD that they have found a worthwhile investment outside this now risky UKNS area to reduce our 100% dependence on it at last.

In that event, one could anticipate a much stronger price recovery, bearing in mind the sp has tumbled some 70% over the past two years - should one or both of these big 'Ifs' transpire, then Couerdelion's hopes would be vindicated, of course and we'd all be the better for it!

Without either positive influence, however, I guess the 18% yield, prompted by the dramatic sp decline, would be more understandable, given the problematic outlook for the company ... sasa.

Quite agree, Megla - if only such realism was taken up in The Guardian / The Mirror, / the main stream media etc., as Dennis TP previously posted, then the insanity of what Miliband & Reeves are pursuing might get better across to Joe Public.

Most of those now in government have never had any experience of producing anything / still less knowledge of running a business providing employment and that's much of the problem here.

Similarly, those in the Treasury who hold the purse strings are generally of the same ilk - it's all economic theory to them with no regard for the realities of what it costs to generate wealth from which prosperity flows to facilitate reasonable levels of taxation. Free enterprise has never been a limitless 'cash cow' to be plundered at will...

The only alternative is borrowing, which all governments have to turn to in the end - sasa.

Yes, gold is often associated with copper deposits, apparently, Richy - let's hope so for BW here, to give our sp a decent lift for a change! - sasa.

Heard him on the 'Today' programme on R4 this morning about the consequences of Labour's latest misconceived domestic O&G plans which will emasculate our NS energy industry as things stand, so good for him...

Let's hope he and the new, beefed up, BoD are serious about reducing our 100% NS involvement by finally investing overseas - actions speak louder than words, after all!

Meanwhile, the near 20% yield on the shs, must afford a measure of resilience during the present mkt wobbles but few outside investors seem to be aware of it, unfortunately: I wonder why? - sasa.

Agreed, now on a 7% yield, the shs offer exceptional value; if next week's figs are well received, with the Q4 Wintershall Dea acquisition confirmed, as forecast, the sp should rebound strongly - sasa.

The only way to avoid a 'wrecking ball' is to move out of the way.

I hope DL's laudable criticisms of the new Government's intentions don't end there - doing something about it is what matters. Hopefully, they're now working earnestly on investing in something overseas to ram the point home and thus more effectively highlight Miliband's 'mad cap' plans - sasa.

"Buy out Harbour" you say, Pete - you gotta be joking!

They're 'chalk and cheese' these two - one's impressively pragmatic and well positioned today, whereas the other isn't (so far, at least) and Serica couldn't afford it, anyway - sasa.

Hi Nss - the most appealing aspect of HBR for me is the quality of management. As Buffet once intoned, "It's better to have good management presiding over poor assets than poor management presiding over good assets".

Here we have both qualities in evidence - impressive management led by LC (exemplified by the shrewd move to significantly reduce HBR's UKNS exposure in a timely manner and successfully acquire the much larger Wintershall Dea business with their substantial array of overseas ops, which will treble HBR's energy output upon completion in Q4, as intimated.

'Timing is everything', they say...

Assuming they get back into the FTSE 100, post the Wintershall completion, there should be increasing research into HBR revealing the potential / value on offer here, quite apart from tracker demand which will probably see the current sp a good higher than it is now.

Moreover, if the BoD thereafter decide to jointly list in the US where quality O&G producers are more highly rated, well, say no more... That's my take on things at this stage, anyway, fwiw - sasa.

For the NS energy producers to get together and 'raise hell' over this anti - business statement by 'Red Reeve' , the new Chancellor, this is it!

Moreover, the 'workers' in the industry who are represented by Labour's financial backers, the unions, with 100,000 jobs (mainly in Scotland) now in serious jeopardy, should insist their representatives threaten to withdraw their funding if this self - destructive policy is confirmed in the October budget. Marching on Downing Street would be quite persuasive, too!

Meanwhile, the new BoD at Serica need no greater an incentive to rapidly re - orient the Co's direction than this, for the sake of those who own the business - the hapless shareholders... sasa.

Hi bohercom - thanks for your take on the selling activity - that's as good an explanation for it and, if so, it's reassuring - sasa.

Hi nesty - thanks for your general comments...

Re: the sustained selling aspect, AV must be aware of this, especially if it's a manipulative tactic as it can only dilute his negotiating stance with whoever he reaches agreement with, vis a vis poorer terms than what might otherwise have been for a probable 'farm in' and certainly so, if a T/O attempt lies behind it - no 'eye watering' offer in that event!

It could be an insto seller or two but then why would they be driving the sp down ahead of themselves all the time? An 'off mkt' deal would be the best way forward for them but if there were no takers in that case, that's a bit disconcerting, too.

I, too, have seen similar situations like this in my time but nowhere near as persistent as we have recorded here. I just hope there's no other reason for it, obviously... sasa.