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European Wind giant Orsted is out with another shocker:

Dividend suspended for 2023, 2024 **and** 2025

It exits several markets, including Norway

Slows down projects elsewhere

Guidance for wind installation cut by ~30% for 2030

Job losses: 800

Oil and gas investment compares favourably with wind farms, despite our politicians rhetoric.

Fair play to David Latin particularly 👍

Upomega , the CEO announcement imo was not a worry, many have regularly posted their dissatisfaction with Mitch and most expect an overseas acquisition, not what sqz have been specialist at, so s new CEO would seem logical, if that is indeed the plan. Analyst meets are often s day or two later so no issue for me there....at the end of the day it is about, profits, free cash flow, healthy Divi and a sustainable outlook, if they can detail that at the analyst call then game on again...

Thanks for clarifying, no one who holds shares will be happy with the current sp level and as we know markets over react both ways (up and down) on news releases etc. SQZ have consistently stated share holder value is a priority, they now have the opportunity to prove to the market and holders their commitment to that, starting with the analyst call....

Upomega, out of interest did you sell out yesterday as you posted ?

The day after the day before. Markets calmer with a few hundred million £'s now knocked off the mcap will the market see value at 52 week low ahead of analyst call in next couple of days.

https://twitter.com/surprised_trade/status/1754785981041951218

Kistos 78% down from high

HBR 50% down from high

ENQ 65% down from high

All have the potential to rise from current levels

From the rns - '' Serica is now well placed for further growth in service of increased shareholder value, to which the Board is committed as its top priority. With the executive team strengthened by the appointment of Martin Copeland as CFO and a depth of talent both within the management team and on the Board, we have an enviable platform for growth and delivery of value to shareholders and all stakeholders."

Analyst call later in the wek will reveal a lot more detail

Broker note out...Shares opened 7% down due to delayed production in 4q23 restarts and slower than expected production ramp-ups after summer shut downs.

There have been changes to the leadership team and the recent farm-in to a non-operated 30% interest in the 100mb Greater Buchan Area redevelopment, which we think signals a broadening in the Company’s strategy that follows the merger with Tailwind making Serica more comfortable investing in larger and more long-term development projects to make use of EPL offsets for new investments.

Serica will host a presentation for analysts this week, where we expect the Company to give greater granularity on the the capital allocation policy given the planned organic investments during 2024 and beyond.

190p...😳 markets can be 'testing' at times, as it hits a 52 week low....I may be out of sync with the sellers down here but I'm holding all mine.

https://twitter.com/surprised_trade/status/1754440730196451535

Alteration , below post should have stated ....'' finding opportunity in current market is not an easy game with few companies providing steady profits, decent divis and having a positive outlook/catalyst with potential for uplift in sp.''

if Sqz does not fit your profile upomega then it is time to move on, good luck with whatever you choose.

Good luck upomega there are some cheap shares out there at the moment (Sqz included)..Kistos has fallen off a cliff and they dont have Oil or a tailwind deal, ENQ is struggling to get past their lows of 12p, HBR has a great deal but price still stuck under 280p for some reason or you could try retail sector where many are also hitting new lows.... finding opportunity in current market is not an easy game with few companies providing steady profits, decent divis and having a positive outlook without potential for uplift in sp.

From last week rns

''Mitch Flegg leaves the Company in its best ever health, very well positioned to deliver full value from its assets and exploit opportunities in the UK and beyond..''

A new ceo who can take SQZ to the next level looks like a smart move and should benefit all.

Sp has been languishing, however, it generates profits, Free cash flow of approx £200m, has cash close to £150m+ & generates a divi of 10%+, North Sea is unloved by some (they may acquire outside UK soon) however, the actual figures suggest much greater upside from current sp levels....initial target 300p+

https://twitter.com/surprised_trade/status/1751713746777489660

Https://twitter.com/surprised_trade/status/1754406584157975033

Nothing too shabby about today's update, steady as you go and the money for aquisition available for a new ceo to take SQZ to the next stage.....200p is clearly somewhat undervaluing the business ....expect a few folk will be gathering a few shares at these lows over coming days 👍

Mitch Flegg will step down from this role and as a director of the Company AFTER publication of the Company's 2023 full year financial results. Mitch Flegg will remain as an adviser to Serica until after the Company's 2024 AGM, expected to be held in June 2024.

So after 40 years in the industry he announces he is stepping down after the results.....SQZ will have a new Ceo and change is often good with new ideas, outlooks etc

We all have different views, it's what makes a market, as it moves in strange ways at times.

Sp has been languishing, however, it generates profits, Free cash flow of approx £200m, has cash close to £150m & generates a divi of 10%+, North Sea is unloved by some (they may acquire outside UK soon) however, the actual figures suggest much greater upside from current sp levels imo....

.....and SQZ have just increased the RBL to $500m with the option of $1bn, surely an acquistion awaits sometime soon ...

202p ...... markets are irrational at times ..

https://twitter.com/surprised_trade/status/1753334966975439356

After some forty years in the industry, including six years as CEO of Serica, Mitch Flegg will step down from this role and as a director of the Company. This change is expected to take place AFTER publication of the Company's 2023 full year financial results. Mitch Flegg will remain as an adviser to Serica until after the Company's 2024 AGM, expected to be held in June 2024

Mitch leaves SQZ '' in its best ever health, very well positioned to deliver full value from its assets and exploit opportunities in the UK and BEYOND. Serica is now well placed for further growth in service of increased shareholder value, to which the Board is committed as its top priority''