Member Info for surprised

Https://twitter.com/surprised_trade/status/1724342214636060808

Another high dividend. Production reverting to normal

• The 3Q23 production of 10,909 bbl/d and the liquidity position at the end of September had already been reported

. • Amazon river levels are now gradually increasing. Production in October was 11,808 bbl/d and is now 13,420 bbl/d. It is expected to reach ~20 mbbl/d consistently by the last week of November.

• The current quarterly dividend of US$0.02 per share (US$0.08 per share per year) represents a dividend yield of ~15%.

The ongoing share buyback programme represents a further return of >2% per year.

We re-iterate our target price of £1.50 per share

Could be the time to add at under the bod's 11.3p.........they'll want to reward themselves well from 11.3p, their option buy price.

Https://twitter.com/surprised_trade/status/1720383879977083312

A free cash flow monster, with 11%+ divi & buybacks in operation.......initial target 100p+

Just a reminder as the share price appears to have forgotten CVSG is in excellent shape 👍

Revenue increased by 9.8%, to £608.3m from £554.2m,

The Group delivered adjusted EBITDA growth of 13.0%, to £121.4m from £107.4m

Profit before tax increased by 49.7% to £53.9m from £36.0m

Proposed dividend per share (p)7.5p+7.1%

Cash generated from operations (£m) £107.9m+15.9%

https://www.cvsukltd.co.uk/wp-content/uploads/2023/10/CVS-Group-plc-2023-Annual-Report-and-Financial-Statements.pdf

Https://twitter.com/surprised_trade/status/1718897615973011946

generated more than $170m in free cash flow ytd, 'confident that we can conclude our transformational acquisition of MPNU'

Net debt at end September fell to $347.6 million (9M 2022: $452.2 million),

Cash generation of $365.1 million & increased to $391.0 million cash at bank

Increase of $391.0 million cash at bank (9M 2022: $305 m) net debt down & quarterly divi @ 2.4p

Increasing confidence that President Tinubu's administration will approve our acquisition of ExxonMobil's share capital of Mobil Producing Nigeria Unlimited (MPNU).

CEO states

"Seplat Energy's operational performance was strong in the third quarter, particularly September which mitigated some of the outages experienced on third party infrastructure and supported production growth of 11% on the same period in 2022.

Our balance sheet remains strong and thanks to higher commodity pricing and our proactive approach to cash management, we have generated more than $170m in free cash flow year to date.

2023 will deliver further strengthening of our cash position. This keeps us on track for an excellent year that will support the increased quarterly dividends we announced in April and allow us to continue our commitment to reward shareholders.

We remain confident that we can conclude our transformational acquisition of MPNU''

A lot to like :-)

It's getting silly now 🤪...2100p 6 weeks ago to 1400p today in company that is sound and as stated by the brokers ' the Competition and Markets Authority’s review is unlikely to result in a negative outcome''

It's a good job SQZ have oil in the mix now ..look at Kist who have gas alone as near as dammit as their sp is down from 600p to 200p !

The sp is currently reacting to macro /geo political issues as are almost every other sector, many much worse than oil stocks....

The TW deal is done, it provides SQZ with Oil to profit from, use tax losses and the major holders all voted for it as they see value in the deal and any acquistion has to be the right one in these difficult political times. In the mean time a handsome divi is payable, free cash flow continues and SQZ is on a sound footing with options of an aquisition if it adds value at the right time.

It's been a difficult year for markets, not just just company specific, many sectors are down, SQZ is much better placed than many .

Crude 84

Brent 88.4

UK Gas 125.5

Despite sp's being pushed down recently the profits and free cash continue to flow for Oil stocks ensuring they are positioned to bounce back on sound fundamentals.

https://twitter.com/surprised_trade/status/1717097141041009028

Shore now state this morning that '' the Competition and Markets Authority’s review is unlikely to result in a negative outcome''

The Pets share price in early trading is down from 400p just 12 weeks ago to 286p, a second tranche of the Share Buy Back Programme is expected to be undertaken and details are due to be published.

'PETS management said teething problems at the new distribution centre resulted in lower product availability for a few weeks between August to mid-September, these temporary issues are now resolved. '

'Shore Capital, says it has added pressure on the second half to deliver more than 55 per cent of the annual profit.' ..

Pets have not gone out of fashion, Xmas period is likely to make up for a few weeks shortfall and the importantly the new distribution centre will aid quicker more cost effective deliveries over the next period.

With respect 1863 you posted on 16 Oct 2023 13:42 -'' I wouldn't be too bothered about the drop in SP. Patience is the order of the day here. Ceres looks well placed through its 'licensing model' to take full advantage of this market ...eventually.''

You then posted on 19 Oct 2023 19:54 - ''I remember holding Glencore when it was 80 pence. Sold my holdings. Same with Rolls Royce. Had I kept my nerve & held I would have tripled my money. Ive only got 9,000 CWR but I shan't sell. My advice..Come back in 6 months. GLAH.''

Today you posted - ''Anybody who isn't seriously concerned about the catastrophic drop in price since we joined the FTSE is either a paid ramper or mentally ill. On Monday I shall offload all my CWR because there's something going on here that small investors are not being told about. Just ignore all this ramping garbage they are as clueless as we are. Markets DON'T lie.''

Imo markets do lie more often than not. A share price is often either over or under valued at different stages and different times and therein exists the reasons investors see value or not depending on their time scales etc.

If the facts change then clearly views will change, currently the facts are the same, as far as we know, the only change is the sp (as are many this week) and a rising sp often has no more good news built in than a falling one has bad news. It's what makes a market.

Testing times when an sp falls and it can have an effect on peoples judgements and views over a short space of time....there's always risk in any share, however, there is equally opportunity too and that is also what makes a market.

Good luck with your investment choices, it's not easy in current markets and hopefully 200p will be just a short term dip as I'm sure the Phil the Ceo will share the same view after his substantial purchase at 320p a few weeks ago 😳

200p don't mind if I do, so I did

too good an opportunity down here when markets are testing investor's resolve 👍

Indeed and with oil at higher prices free cash flow keeps rising ;-)

All climbing today....

Crude 85.3 +3% week

Brent 88.6 +4.5% week

UK Gas 137 +45% week

SQZ Selected as one of the top five biggest UK yields covered more than 1.5 times by earnings

Serica Energy (SQZ:AIM) Forecast dividend yield: 8.2%

North Sea oil and gas firm Serica Energy (SQZ:AIM) offers a generous yield despite a strong balance sheet and robust energy prices – this presents an opportunity for investors.

Having previously been almost exclusively focused on producing natural gas, the company added oil to the mix through the £367 million acquisition of Tailwind Energy which completed in March 2023. Its output is now 55% gas and 45%

oil and the transaction also made Serica one of the top 10 North Sea producers by volume

first-half results published on 18 September revealed the company generated cash flow from its operations of £266 million through the period....

... the 12.5% increase in the first-half dividend is a marker of the company’s commitment to continue rewarding shareholders in this way.

Serica’s enviable financial position should allow it to invest to help sustain and build its production, both organically and through acquisitions, providing the cash flow necessary to fund dividends.

https://www.sharesmagazine.co.uk/magazine/apiDownload/2023-10-12-Shares/8d7ee952c7d87705ae4194cd27bf8753?edition=ajbyi

Https://www.cmegroup.com/markets/energy/natural-gas/uk-nbp-natural-gas-daily.html#venue=globex

day ahead...