Member Info for sasa43

That's the obvious aspiration here, NewKOTB, with so much going for Serica but we'll need to see the sp double from today's level to meet the first requirement you mention.

Ergo, any such move will need to be after the next big deal is secured to get us there and if the BoD then decide to apply for a listing on the main mkt, the promised discussion about a sustainable dividend policy being introduced next year would tie in with that very nicely.

The Instos additionally warm to an exciting growth counter where confidence is expressed through being an income producer, too - next year should be another exciting one for all the LTH's, as I alluded to last week. Roll on Serica - sasa.

Hi IANAA - Roger that; we all need a bit of luck in this game, after all...

TCW's statement just out was a polished / informative overview of Serica's transformational year thus far and what the Co. is addressing looking ahead. I particularly liked the reference to considering a maiden but sustainable dividend policy next year, probably after the next deal is determined / nailed down and bedded in for Serica, as NewKOTB infers, to then see what's what?

Currently, even a token distribution of, say, 2p ps would be 10 x covered by existing earnings, so the leeway is quite considerable, even now - next year, given the hefty cash accruals ongoing and post any major acquisition, looks another exciting one in prospect - sasa.

Thanks IANAA - interesting comment on RRE. Have tried to evaluate this, relative to SQZ and there are several similarities, as you say. As the Marathon deal hasn't been signed off, as yet, though / the shs re-quoted, etc., much remains to be seen.

Assuming the deal is consummated, the implication appears to be a doubling of the sp to around the £16 - £20 ps level on the re-quote which will be good for you - so well done, there!

Their prospective de - commissioning costs could be quite a negative to me, however, unlike Serica and with only a handful of staff on the payroll currently, SQZ are clearly some way ahead of them, as exemplified by the impressive AGM presentation out this morning.

Just my initial take, fwiw but good luck, anyway - sasa.

I gather the failure of BP to sell its stake recently was on price but that was then and this now.

However, BP might be happier to relinquish their 17% odd stake to a 'friendly' like Serica (where BP already holds around 5% of us) and if structured like BKR, that would propel us into the first Division at a stroke, with the sp responding accordingly, as you say, NewKOTB.

The slight disappointment of such a deal would be SQZ not being the operator where their skill set primarily resides but a huge boost to our 2P and income generation would compensate, I guess.

Btw, anyone know much about Rockrose Energy (RRE) other than the scant RNS's issued? They're suspended right now trying to buy Marathon's oil interests, I see... - sasa.

With the gas price near to being on the floor right now (notwithstanding the extent of our hedged protection) Mitch's search for another 'transformational' deal might well encompass the likes of BP's share of the Shearwater facility or a similar gas production field to take advantage of today's 'bombed out' gas price. One operator's discomfiture is another man's opportunity...

Although it would be preferable to even up our 80% gas / 20% oil ratio at present, he might well be inclined to 'take a view' on the gas price recovering significantly before too long and enjoy the prospective 'timeliness' of doing such a deal now - sasa.

Hi Joe - I moved to streaming prices + L2 on here from moneyam a few months ago ( now costing £23.99 inc VAT) which is quite competitive, I think but I never joined ADVFN as I found their site far too cluttered with distractions and 'in your face' all the time, if you know what I mean.

Moneyam streaming + L2 was the best site I'd come across for the same cost as this LSE equivalent but it's not quite so well put together but okay for ongoing purposes. I also took up a subscription to the Shares mag alternative when moneyam was subsumed into it but no L2 available with it.

Comparing the two streaming services, they're almost identical, although the LSE page is easier to navigate / get onto the chat pages and other relevant stuff, I've found. Hope that helps - sasa.

Smith's recent exit from plastic packaging looks very prescient, one has to say, given the demand for 'green' alternatives can only intensify; bodes well for a decent re-rating, imv - sasa.

Hi fourier - yes, it's always testing to guess when to sell; especially with a problematic recovery situation like this one. As the saying goes - 'it's never wrong to take a profit' - just less right if you quit too soon but then hindsight never made anyone any money.

I'm into this somewhat higher than you and even deos, fwiw but, only pro rata in my overall, thus it doesn't bother me unduly; I have my stuff spread over some 15 - 20 stocks and that diversification affords two things.

Firstly, when you unexpectedly walk into a 'bummer', the others take the sting out of worrying about it too much and that facilitates objectivity as to how best to deal with the dog. Often, something else held can carry the casualty if perseverance seems worthwhile.

Secondly, if it does go 'phut' ultimately, you'll only be wounded, not killed by it and, with a bit of luck, one or more of the others will nullify the experience entirely.

Ergo, 'spread the eggs...' That has always been my motto in this game - sasa.

Deos - it's rarely useful asking for advice on these bb's, even though those who respond try to help alleviate the suffering somewhat which is all too familiar to most of us on occasions - it's also illegal to do so under the regs these days, given the need to be licensed and have all the relevant info about somebody's circumstances / risk profile etc., to hand before attempting to do so.

All a respondent can do is generalise about the situation and on this basis alone, I'd say the first thing you need to do is stop gambling in stocks (T20 trading) - which is effectively borrowing money temporarily to take a position and then 'fighting the clock' - not a good idea over time.

Re; Saga - current views on the future here are 'mixed' at best. Clearly, the Co. has lost its way since the IPO under very poor management. With LB now on the way out, however, just as some remedial action is being implemented at last, one can reasonably conclude that a corner might be being turned, in which case, the shs do look cheap on this hope and an opportunistic approach for Saga at this low point wouldn't surprise me at all, tbh.

However, in the absence of such a predatory move, the co needs to be seen to be on the mend before the mkt begins to ascribe a more reliable / realistic rating to it and this usually takes some time - I'd guess that your 62.5p ave. price currently should be within reach on this basis.

Patience is all too often in short supply in this game but it usually wins out in the end, especially where a management change is under way as we now have here. If you can discipline yourself on this score and keep way from the foolhardy T 20 activities henceforth, you stand a good chance of 'getting out from under' before too long, I'd have thought, like most of us hope on here.

And, assuming this is achieved, I wouldn't have so much committed to one stock next time...

That's my take, NOT advice, about your situation, fwiw, if it helps - sasa.

Roger that, Jack and share your view on the potential here, all being well...sasa.

Jack - it always takes a short while (15 mins or so) for the Mm's to put in their bid and offer prices from 8am onwards, so a wide spread is almost inevitable until things settle down.

Attempting to deal within those opening minutes, therefore, can easily lead to a poor exe. price, more often than not; I usually wait until both sides of the order book are filled, if that helps - sasa.

Yes, agreed, macaumike - silver is a much smaller mkt than gold and because of that, it tends to emulate the trend in gold much faster in either direction. The present AG/ AU ratio of 90 odd overtly indicates that silver offers the better upside potential right now - sasa.

Echo that, CF73 and ors supporting TDT's contributions on here - not that he needs defending.

He puts in an awful lot of work in what he posts and information, positive or negative, is always better to have than not. His approach is refreshing, being neither ramping nor de-ramping - just clinical and it helps to keep things in perspective - sasa.

It would be better for us, though, to add to our limited oil production rather than yet more gas to balance up our energy source mix, I'd have thought.

Then again, if the price is right and structured along similar lines to the BKR deal, taking advantage of a depressed gas price might prove quite timely looking ahead...sasa.

Well, Silver certainly should do even better, relative to Gold, bonker, given the AG / AU ratio is now on 90 - the highest I've seen it in a very long time - sasa.

This bb seems to be all but dead; only ericeric and I seem to follow this periodically.

The next results, hopefully, will garner some interest in this near unique share. I notice that one broker has consistently rated EAH a firm 'buy' with a t/p of 725p which would be nice to see it move higher from here even part of the way towards that sort of level - hope springs....sasa.

Hi arsenal - no, I never short any share (don't believe in it) - just sayin' that talk of the sp having 'bottomed' right now looks a bit premature, post the figs, that's all...

Was in this before but after the 'blue passport' fiasco, I sold and sustained a loss but am now looking to get back in. Not trying to talk it lower, either ( no individual on here can be that influential) - just trying to gauge a more timely re-entry point which might yet be seen, as my previous post suggested - sasa.

Despite Crystal Amber adding recently and thus 'talking its own book' after the precipitous fall of the sp, one needs to be mindful of the short term pressures applicable here, too. Despite holding the dividend rate currently ( xd on 4th July) the 16.7p ps distribution is only 75% covered by earnings, so a significant cut in the payout must be expected next time.

Also, the forecast of 'continuing pressures' for this year doesn't inspire in the short term, so a decent rally in the sp looks a few weeks away yet. Often, a reliable upturn is only seen once a feared dividend reduction is announced to get that concern out of the way, along with the subsequent trading update to 'clear the air', so a sustainable rally seems premature at this stage and caution looks the more prudent approach right now.

Yes, DLAR looks vulnerable to another approach at some point, possibly soon but not, I suspect, until the present misgivings are confirmed or otherwise; meanwhile a move below the 300p level until then wouldn't surprise me at all, fwiw - sasa.

Yep - they're merely gaining exposure to the new constituents of the MSCI small cap index to closely mirror its performance and when the gas price, especially, picks up again / further news from SQZ is released, the sp will reflect that to advantage - sasa.

Yep, agree with that, rxdav - sell off the drag of the insurance side to help with the prospective funding of the two new ships.

Then, SAGA might be back to nearer its roots (holidays / cruises etc.,) and that should see a sustained recovery, at last. Trouble is, management can't address 'grasping the nettle' here with LB in charge. His departure would certainly accelerate the upturn which is long overdue here - hopefully an 'activist investor' will get involved to effect the remedy - sasa.