Member Info for thehickster

Someone is going to have to be paid to get hold of Serica.
I'd be very generous and take it for nothing if the market isn't going to value it at anything.

With the current market cap at supposedly a few months cashflow, there has to be more to it I reckon. Being softened up for a lowball private takeover offer perhaps ? Then flog off the Dutch assets and get your money back in short order from the UK assets where at least you get to keep some of the profit, even with the windfall tax.
If not will Kistos have to increase borrowings to pay the EU tax?
Maybe as an act of solidarity, EU politicians could pay an extra 33% of their gross earnings going back to 2020.

I'm guessing this is priced only based on the UK assets now if the EU windfall tax comes in.
How a so called "trading block" can basically mandate that pretty much all the profits of private companies have to be paid over to some sort of solidarity fund is incredible. Really is 3rd world banana republic stuff, although that's probably a bit unfair on banana republics.
Who would ever invest in Europe ever again if they can just take all your profits on a whim and even backdate it ?

Anyone got any rough idea how much of our market cap is cash now ?
Must be over 60% now ?

I see the market has forgotten again that SQZ is mostly gas now that gas is going back up.
Funny how the market remembered yesterday when gas was down.

The offer from Kistos woefully undervalues Serica at a paltry 3.82 a share.

Also the market: Have some Serica shares for fair value at 3.57.

?

The only MP speaking any sense in that link you posted seems to be Craig Mackinlay.

Can't wait to fill my car up later. Price at the pumps must have plummeted looking at the price of a barrel of oil.

Weirdly all my oil and gas shares are down today.
Has the USA dragged us down or something?
Was expecting Brent to have taken a big hit judging by my portfolio but that's still touching $119 a barrel.

TSSZ I'm going to go out on a limb and say 30p next week then 40p the week after!
Bigmoney.

Anyone would think we're an oil producer without any hedging the way it dropped today.
At least with our hedging the dividend should be safe and the lower the market takes it the more tempting it is to top up for a plus 11% yield.

If the price holds then free dividend! Happy days!

and if so, why didn't the share price drop or will that be tomorrow morning?

After seeing the price action I assumed the Dutch TTF price must have crashed today or something, along with the UK price per therm spot price.
Actually UK gas prices are up 10% and Dutch TTF is up 3.5%
Very strange market.

To see Kistos managing to not get too much of a hammering today when the rest of my portfolio is carnage.

Anyone got any ideas? Has the gas price in the USA collapsed or something.

The way that article goes on about well capping, you would think it was Diversified that drilled them all.

Once you've filled in that form you should only be taxed at 15% on any dividends you receive.
That's what happens with me anyway and I'm with HL. In a SIPP I believe you won't get taxed at all but it does depend on who you're with for the share dealing.

By the time the latest acquisition goes through, will Kistos actually owe any money to Total with the way prices of gas have been since then ? Can't be a lot if any.

With oil at only 102 a barrel, does anyone know how i3e are going to cope??