Member Info for surprised

https://*********************/newsfeed/article/kistos-plc-proposed-combination-revised-terms-1449316

another NO Deal offer,...again using SQZ own funds to buy our own shares at a 'low point' in the market, before for the winter scramble for oil and gas begins ....

https://twitter.com/surprised_trade/status/1550034282885877762

CPX confident, rns states 'court cases are progressing favourably and the Bod, under advice from our lawyers, remain confident of the Company's prospects of securing a favourable outcome'- better for both to settle before full court case...20p+ target on a win

https://www.reuters.com/business/energy/exclusive-shell-places-us-gulf-mexico-assets-up-sale-sources-2022-07-20/

uly 20 (Reuters) - Shell (SHEL.L) is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday.

Potential divestments of some aging assets would allow the company to focus on newer and larger fields around the world, including its giant Whale development in the Gulf which is expected to start production in 2024, the sources said..........
The London-based company is targeting a valuation of around $1.5 billion from the sale of the fields

https://twitter.com/KwasiKwarteng/status/1549701317278539778

Today I’m meeting with investors to attract £9billion into our hydrogen sector.

I’ve also today appointed Jane Toogood - our new Champion - to accelerate clean, domestic hydrogen production.

We’re also announcing new round of funding later today…

clearly a major disconnect between share price and the actual vale of the business currently and the potential for even larger profits ahead....once the short term sp moves settle all analyst projections on value plus the potential global squeeze on supply and rising prices all point to a major uplift in the sp to a more forward looking and realstic level :-)

https://www.thetimes.co.uk/article/really-high-gas-prices-loom-for-uk-as-europe-faces-winter-rationing-8q9w6dz8x

European leaders to put “very significant contingency plans” in place.

“I think we will be facing a really tough winter in Europe. Some countries will fare better than others but I think we will all be facing very significantly escalating pricing,” he told the Aurora Spring Forum, an energy conference in Oxford. “In a worst case, we will be in a situation where we have to ration.”

:-)

it'll get interesting from here, I'm sure, and should be of benefit to the sp and holders as it has brought into focus the disconnect between current sp and the business as all recognise the value is far greater than 382p :-)

The unanimous view is that SQZ at 382p is seriously undervalued and would be using some of it's own cash to buy itself...not many right minded people would sell a business in the hot energy sector for massively less than it's worth, particulalry to a smaller rival when bigger fish are able to offer far better options at some point...equally SQZ can continue to go it alone and aim to provide both business and shareholder value

The unanimous view is that SQZ at 382p is seriously undervalued and would be sing some of it's own cash to buy itself...not many right minded people would sell a business in the hot energy sector for massively less than it's worth, particulalry to a smaller rival when bigger fish are able to offer far better options at some point...equally SQZ can continue to go it alone and aim provide both business and shareholder value

short term price movements are just that, ultimately it is the basic fundamentals that will count, profit, cash etc....for investors and stock pickers the key is recognising when there is a disconnect between the fundamentals and the sp....impossible for folk to pick tops and bottoms , it's a case of judging is the current price value against known knowns :-)

brokers tending to mark up and down on oil price moves currently and not what investors are looking at which is profit, cash and growth all of which PTAL have in abundance , lower oil prices and PTAL makes very good money , higher oil prices and PTAL is seriously banking cash...sp and the business at a disconnect currently, hence recently added to holding :-)

at least with the low ball offer at 382p it has brought into focus the undervalued nature of SQZ business and obviously the share price....brokers tending to mark up and down on oil price moves currently and not what investors are looking at which is profit, cash and growth all of which SQZ have in abundance. All analysts have stated 382p seriously undervalues SQZ on both it's current figures and ignores any future uplift from egg, prices etc........clearly the sp is not forward looking currently and all set to go much higher to get closer to realstic value... 450p -500p seems closer on current view

....Analysts at Investec said that the Kistos offer underplayed Serica’s exposures to high British gas prices and its exploration acreage. “We expect discussions to continue to make up the shortfall on overall value and therefore the balance of ownership in any combined entity,” they said.

That view was echoed by analysts at Stifel, which said that the proposal undervalued Serica and pointed out that a successful result from the North Eigg exploration, where drilling started this week, could provide another positive for the business. They feared that Kistos would use debt to complete the deal, then take Serica’s cash reserves, forecast to be £570 million at the close of this year, to pay down the borrowing.

Stifel said: “We believe the quality of the Kistos asset base to be inferior to that of Serica’s.”

https://www.thetimes.co.uk/article/smaller-rival-goes-public-with-serica-bid-6rphs5rlh

https://www.ft.com/content/f29ef92d-7a3b-4599-bdb4-a3c35ebe2696

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/f29ef92d-7a3b-4599-bdb4-a3c35ebe2696

Opec expects global oil demand next year to rise to levels the cartel would struggle to meet, in the latest indication that big producers are not expecting the supply crunch to ease any time soon.

https://www.investorschronicle.co.uk/news/2022/07/12/north-sea-buyout-standoff-between-serica-and-kistos/

Investors Chronicle article out....

Serica has done well out of the significant increase in gas prices and new projects coming on stream, with its cash profit climbing from £28mn in 2020 to £415mn last year, while consensus estimates see this almost doubling to £808mn for 2022.

We have a buy rating on Serica and have not put out a view on Kistos. Both companies are generating huge amounts of cash at current prices, while the outlook for gas indicates this will continue through winter at least.

https://www.youtube.com/watch?v=MoaW-p9Cp98

Bison's Young: Oil and Gas Stocks Are Very Mispriced

https://www.bloomberg.com/news/articles/2022-07-12/worst-of-global-energy-crisis-may-be-ahead-iea-s-birol-warns?sref=Kf0MXoXH#xj4y7vzkg

Worst of Global Energy Crisis May Still Be Ahead, IEA Says

Security of oil and gas supplies remains a major challenge

Another record year and more to come in FY23, 24 and 25 Following a significant upgrade to forecasts in April 2022, Totally delivered preliminary results for the year ended March 2022 that were ahead of our revised expectations. This is a remarkable result given the continuing challenges affecting the healthcare market and the delivery of services. We see many opportunities for further growth ...

With macro-economic and political headwinds increasing almost daily we consider that an investment in Totally offers strong growth with significantly lower risk than many other businesses.

sp target 75p

Results above expectations ...

12% increase in revenue to £127.4 million (2021: £113.7 million).

· 18% gross margin (2021: 18.3%).

· 24% increase in underlying EBITDA to £6.2 million, excluding £0.2 million in exceptional items (2021: £5.0 million EBITDA).

· Substantial increase in profit before tax to £1.3 million (2021: £0.1 million).

· Cash as at 31 March 2022 of £15.3 million (31 March 2021: £14.8 million).

· Total dividend for the year of 1.00 pence per share (2021: 0.50 pence per share).

· Substantial increase in basic earnings per share to 0.59 pence (2021: 0.17 pence).

· Urgent Care revenue increased by 3.6% to £109.2 million (2021: £105.4 million); 17.8% gross margin (2021: 17.8%).

· Planned Care revenue increased by 43.7% to £7.5 million (2021: £5.2 million); 20.6% gross margin (2021: 23.7%).

· Insourcing revenue increased substantially to £10.3 million (2021: £3.1 million); 17.4% gross margin (2021: 26.8%).

Importantly since 31st March results above ...
Post period highlights

· Multiple contract extensions awarded, underpinning recurring revenue, including:

o Contract extensions, together valued at £19 million, for the management of five UTCs across North West London, awarded to Greenbrook Healthcare Limited ("Greenbrook") and Vocare Limited ("Vocare").

o Vocare awarded three contract extensions to continue to deliver GPOOH services across the North East of England with a total value of c. £4.2 million.

o EFP awarded five-year contract extension for the delivery of on-site gyms for the Royal Mail, valued at a total of £2.5 million.

o Greenbrook awarded a contract extension for the delivery of its virtual consulting service in South-East London valued at £0.4 million, enabling patients who have been directed to a UTC by NHS 111 to see a clinician virtually.

· Final dividend of 0.50 pence per share proposed, bringing total dividend for the year to 1.00 pence per share.

https://twitter.com/surprised_trade/status/1546744141136142337