Member Info for surprised

The below should read

If ever there was a disconnect between a profitable, cash generating, divi paying business and it's share price, today is it !

The oil/gas will keep flowing and SQZ tax losses will ensure profits and cash continue and by the time the 'offset losses' run out SQZ should be operating outside the UK if Labour do not row back on their talk.

If ever there was a diconnect between a profitable, cash generating, divi paying business and it's share price, today is it !

Unique and frustrating times with incompetent politicians of all main parties damaging UK business and more. The UK needs much better.

Well it is mispriced now 🤬..the sp's dropped but the business is solid and no doubt poised to leave @UKLabour

tax regime, new CEO starts 1.07.24

https://x.com/surprised_trade/status/1801259168688452010

Have we stopped producing oil and gas ? lol

ENQ 13p

HBR 303p

Volatile day on the markets

The dividend is not dependant on the share price and cash flow has been good as far as we know and SQZ are planning longer term as on 24.05.24

''Serica Energy plc (AIM: SQZ) announces that the Company has granted nil-cost options over a total of 1,291,130 ordinary shares in accordance with the rules of the Serica Energy plc 2017 Long Term Incentive Plan ("LTIP").

The total awards above include a nil-cost option over a total of 274,574 ordinary shares of US$0.10 each to the Company's Chief Financial Officer as set out in the table

The awards are subject to performance vesting criteria that are designed to incentivise performance that delivers value for all shareholders.

The performance vesting criteria include sliding scale measures of share price performance and of relative total shareholder return performance , in each case, in respect of a three year period ending at the end of April 2027; in respect of 2024, 2025 and 2026. For the awards to vest in full, the 90 day end average share price must be at least equal to 400p''

When Labour are in power this will be the key factor they will have to rwo back on imo , ''we will partner with business and workers to manage our existing fields for the entirety of their lifespan. Crucially, oil and gas production in the North Sea will be with us for decades to come, and the North Sea will be managed in a way that does not jeopardise jobs. ''

They'll have to adjust their manifesto plans to keep growth and jobs in place and any tax take ot it will all unravel at spectacular speed.....we will find out in a few weeks

Hi Monmur, just trying to keep it all in perspective, a share price drop in KIST happened a long time ago and it typically has gas alone and the sp has been hit hard since the highs and it's potential going forward is imo nowhere near the portential od SQZ, we have a few negative nellies who rightly feel aggrieved at the sp lows, don't we all, however, stocks and shares is not an exact science as we know and there are long periods where true/fair value are not reflected in the sp, both highs and currently lows....

Apologies Jeffrey I should have been more specific, the Uk market is down across the board, DAX , Euro stock 50, and a few others. Specifically UK is hit today .

And gas prices, very profitable, are rising and expected to continue ;-)

Markets are falling everywhere, not SQZ specific, Hbr down from 333p to 306 and falling, ENQ dropped from 17p to 14p etc etc....it'll test stops and holders conviction...it's what markets do ..SQZ is making money, profits , provides top end divi, has cash and the share metrics and their operations are not reflected in the sp clearly .....and there is no aspect in the sp about potential moves away from UK, new Ceo startting etc etc ...

We may wake up one day to the announcement that Serica acquires Sval Energi or NEO Energy. We shouldn’t fool ourselves thinking that there is a done deal, it could go the other way and be acquired by Aker BP. Although, I’m sure of one thing, Serica will make a huge acquisition soon. Is 2024 feasible? I don’t know, but I think it is very likely that something will be closed during 2024.

The strategy that the new management is applying is crystal clear to me, they will extract all value left in the British assets they already own, but the focus is on expanding outside the UK. This is something they share with Harbour Energy, another company where I’m invested at the moment.

the market isn’t pricing in any potential new deal, but the new team seems to be fitted for that task. I think Serica’s share price could provide an interesting return in the next 12 months just by continuing drilling its low-risk redevelopment opportunities and distributing dividends and buying-back shares. In the case that it manages to close a transformative acquisition like Sval’s, the share price could easily double

I can image that Chris Cox would like to arrive to the job with a positive announcement, sending a strong message to the market

Ailwind’s production of 40,000+ boepd was higher than Serica’s 26,200 boepd in 2022. Another positive aspect of the deal were Tailwind’s tax losses of $1,366 million of UK Ring Fence Corporation Tax losses and $1,202 million of Supplementary Charge losses, at a time that Serica had already utilised all its tax losses. All in all, the deal was positive for Serica’s needs: more production, better oil-gas ratio and addition of tax-losses.

Serica’s production profile now is better than it was before. I’d rather have a balanced production than 90% of oil or gas.

A balanced production in the UK is still good, even after the drop from the record levels in 2022, the production of gas is very profitable.

A partnership with Mercuria is always a good thing.....One of the main changes after the deal was completed was the replacement of all top management positions and some of the directors

The new CEO and CFO combine experience in the North Sea with a long list of M&A transactions in the North Sea. These changes mark the transformation of Serica from the old mindset to a new approach to conducting businesses in the oil and gas sector

A new Ceo starts on 1.07.24......a few days to wait to see the new direction , Norway ? etc. along with Labours actual plans, then business can decide on their next actions, SQZ is better placed than many North Sea operators (see below posts etc) .

''Dividends are now being considered. In anticipation of further new contract wins, guidance upgrades, and periodic financial results to highlight this to the market, we have a positive outlook for the shares and value them at 28p.''

https://x.com/surprised_trade/status/1800227357028171813

I can image that Chris Cox would like to arrive to the job with a positive announcement, sending a strong message to the market that Serica should be ignored no more

https://zerogcos.substack.com/p/serica-energy-tradition-meets-modernity

Tailwind’s production of 40,000+ boepd was higher than Serica’s 26,200 boepd in 2022. Another positive aspect of the deal were Tailwind’s tax losses of $1,366 million of UK Ring Fence Corporation Tax losses and $1,202 million of Supplementary Charge losses, at a time that Serica had already utilised all its tax losses. All in all, the deal was positive for Serica’s needs: more production, better oil-gas ratio and addition of tax-losses.

Serica’s production profile now is better than it was before. I’d rather have a balanced production than 90% of oil or gas.

A balanced production in the UK is still good, even after the drop from the record levels in 2022, the production of gas is very profitable.

A partnership with Mercuria is always a good thing.....One of the main changes after the deal was completed was the replacement of all top management positions and some of the directors

The new CEO and CFO combine experience in the North Sea with a long list of M&A transactions in the North Sea. These changes mark the transformation of Serica from the old mindset to a new approach to conducting businesses in the oil and gas sector

New CEO, Chris Cox, has experience in the UK o&g sector as well as in international operations, The role of Martin Copeland is also very relevant for the ‘new’ Serica. Martin has been working on many large acquisitions, sales and mergers during his tenures at Kirk Lovegrove & Company, RBC Capital Markets or Evercore. So, he is more than capable of managing large transactions in the oil and gas sector. In my opinion, his nomination as CFO confirms Serica’s intention to secure a pipeline of M&A opportunities and close at least one deal in the short-term.

We may wake up one day to the announcement that Serica acquires Sval Energi or NEO Energy. We shouldn’t fool ourselves thinking that there is a done deal, it could go the other way and be acquired by Aker BP. Although, I’m sure of one thing, Serica will make a huge acquisition soon. Is 2024 feasible? I don’t know, but I think it is very likely that something will be closed during 2024.

The strategy that the new management is applying is crystal clear to me, they will extract all value left in the British assets they already own, but the focus is on expanding outside the UK. This is something they share with Harbour Energy, another company where I’m invested at the moment.

the market isn’t pricing in any potential new deal, but the new team seems to be fitted for that task. I think Serica’s share price could provide an interesting return in the next 12 months just by continuing drilling its low-risk redevelopment opportunities and distributing dividends and buying-back shares. In the case that it manages to close a transformative acquisition like Sval’s, the share price could easily double

I can image that Chris Cox would like to arrive to the job with a positive announcement, sending a strong message to the market that Serica shou

Happy for them to get going on this now...😀

London, 24 May 2024 - Serica Energy plc (AIM: SQZ) announces that the Company has granted nil-cost options over a total of 1,291,130 ordinary shares in accordance with the rules of the Serica Energy plc 2017 Long Term Incentive Plan ("LTIP"). The total awards above include a nil-cost option over a total of 274,574 ordinary shares of US$0.10 each to the Company's Chief Financial Officer.

The awards are subject to performance vesting criteria that are designed to incentivise performance that delivers value for all shareholders.

The performance vesting criteria include sliding scale measures of share price performance (35% weighting) and of relative total shareholder return performance (35% weighting), in each case, in respect of a three year period ending at the end of April 2027; together with annual emissions intensity targets (30% weighting) in respect of 2024, 2025 and 2026. For the awards to vest in full, the 90 day end average share price must be at least equal to 400p,

The awards have a normal vesting of date of 23 May 2027

Added to SQZ.... 162p....😳

https://x.com/surprised_trade/status/1798353108462121306

RFX reports 8% rise in Profit Before Tax to £4.0m, Gross Revenue up 12% to £43.8m, and Net Assets increase to £47.8m. Interim dividend up 9%

https://x.com/surprised_trade/status/1798237037050609814

Share buy backs on this weeks AGM ....