focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I think there's potential. Trouble is, its not something I have a great understanding of. Gaming software can be a goldmine if backed by the right company but it can be impossible if opposed by the wrong company... Wish I knew more about it.
I don't think there's many of us, or indeed such a lot to talk about. This is clearly an attractive technology in a growth industry. The company is well run and cash positive, growing all the time. There's value on offer here, as well as growth but this is under most people's radar at the moment. SP should move up steadily over the coming months but there doesn't seem to be too much to discuss. Might be set for a breakout above 40p though...
Just the sort of thing we need here. Should put the co on a few more people's radar. Lots of potential here.
Not read it yet - work all night, bed most of the day but will have a look in a bit hopefully. I do agree though, should add a bit of a tailwind here. All looking good at the moment...
Well, that article certainly puts a little meat on the bones. Nice find, ta. Tarquin, you presume incorrectly I'm afraid. It was sold to Repsol in 2011 - its on the co website.
Not worried, as long as it rises. Budget was good for north sea oil - maybe it suggests greater investment in the region, which would knock on here in time.
Someone's hoovering these up ten thousand at a time. Much greater volume than yesterday. Hmmm...
Wondered why I missed it. Think I forgot it was 2014 already.
From a This is Money article in December - a little old given the recent rise but it still shows that the value case is strong, allied to very substantial growth prospects. "Sea Energy’s financial transformation is allied to the R2S acquisition. This year the business is expected to post revenues of £5million (up from £900,000 12 months earlier) and analysts reckon it will break even. According to the research house Edison, SeaEnergy will post sales of £7.4million in 2014, producing a pre-tax profit of £1.8million. And there is no end in sight for this exponential growth. The last published results revealed the group had cash of around £5.4million, which is the equivalent of 9.7p a share, while its stake in Lansdowne is worth £7.7million, or 13.8p. This means the current share price values R2S at £4.5million, or a little over 8p a share, if you ascribe zero worth to the rest of SeaEnergy’s businesses and assets. Meanwhile, SeaEnergy has to hand over the second, deferred payment for R2S of £4.6million in the first half of next year. This is based on achieving certain profit targets by February 2014 and would require R2S to report underlying earnings (EBITDA) of at least £2.5million. But even based on a total price tag of £10.1million, the acquisition multiple of four times operating profit appears modest for such a high growth business, Edison points out." So it all looks good as it stands.
LOGP looks to be trading into an uptrend and the co may see some realisation of value there in the medium term. Should really be a TO target but I suppose we'll wait and see on that...
"Offshore services specialist SeaEnergy (LON:SEA) is to pay a further £500,000 to the owners of Return to Scene after the recent acquisition hit revenue targets ahead of schedule. Return to Scene (R2S) provides 3D spherical photos of oil and gas platforms that generate a virtual model of the site. “We are pleased to confirm that R2S has met its revenue target for the six months to February 2013, ahead of schedule and, as a result a further £500,000 of consideration will be paid during March 2013,” SeaEnergy said. This was in spite of delays to a number of offshore projects caused by restrictions on platform bed space and the reduced availability of helicopter seats following recent incidents. R2S is also close to securing new orders in the North Sea and internationally, SeaEnergy added, as oil platform operators increasingly recognise that as well as improving safety, R2S's visual imagery reduces the number of platform visits, cutting helicopter trips, freeing up bed spaces and ultimately reducing operating costs." I'm not normally one for cut and paste but this does tell quite a clear story ahead of results next month, so we should see a lift here.
I didn't have to wait long for an update...
I've nipped in here this morning at 40.5p and we'll see if we're about to test resistance at 42p. Nice to see plenty of reference to I/C's Thommo on here. He may look like a geek but he's an absolute legend - Can't remember the last time I bought without his recommendation. Bit odd hedging back into LOGP though. That was my last multi-bagger, depressingly enough...
To have stalled for the time being at least. Possibly the presentation, or lack thereof did little to improve sentiment. This could be a problem, given that sentiment is the only issue (if we take the fundamentals at face value). Hmm.
At 87p for a decent little profit. Difficult to predict the daily swings with this - very volatile indeed. Still think we'll see this well over a quid but we might see some dips on the way. Watching.
Simon Thompson's advice, with just a pinch of my own judgement thrown in. Doubtless I'll be flat on my face again in due course...
I'll be selling these for more than a quid in the very near future. How I love being right...Makes a change...
Your Gucci bag analogy may well not be far wide of the mark, however, at these levels, its cheap even for a fake. I've done enough research on this to be happy at these levels and I trust Simon Thompson's judgement implicitly - I've never had a problem with any of his tips and he does research them very thoroughly. In short, I'm confident that I can sell these at more than a quid in the near future and that's enough for me - I'm not intending to be long term here.
1-2 years back, the SP was a lit higher than it is now. I can understand anyone's concerns over Chinese companies listed on AIM as they have a decidedly dodgy track record but that risk appears to be factored in at these levels. In fact, if that's the only real concern, then the risk here must be firmly to the upside. This co is about as transparent as a Chinese co will ever get and whilst it will never sit on par with a UK co of similar fundamentals, there us a clear and obvious case for value here, as well as growth. Fair value for this, even with the China issue factored in, is much higher than here. If you don't fancy the co, why post?