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Newkotb
Let's hope they get on with it .if were annoyed imagine how the hardys feel

That was with the cash removed. Maybe a private equity company would be interested as well.the other problem we have is the dividend. If when we trading at 130
You can guarantee it will half what they originally planned.unless we get a special dividend

I cant believe they will not be looking at this. Today's valuation puts the company valued at 70 milion .and as you know it was undervalued before. All very odd

Maybe some kind of agreement with rockrose will happen. They probably take this over now with a full cash offer.. I would now except 1.10 if it came in now. Maybe the larger holders would as well
I'm sure most of the smaller would sell

Looks like the market has fallen out with this. I am now hopping that we get taken over as quick as possible. As posted earlier we could have 18 months of this
A bad sign inmv that this did not bounce today and now the reverse is happening . I would be happy to hold but their looks like there is zero appetite for this now

We still might get lucky with the dividend. My view is that if no asset purchase is imminent. Then they should pay a special dividend. Say 10p

Has anyone any thoughts re today. Personally a bit surprised we didn't get a bounce. Especially as the share has followed the market down
Gas has also recovered from its lows which should offset the price of oil. Yet the share is not responding. Hope we haven't got 18 months of stagnation.

But Serica falls. Maybe people are using the rest bite to offload shares as opposed to buying. Its going to be interesting what the dividend transpires to be. Maybe they should consider 10p if there isn't going to be an asset purchase

Gas futures are also drifting up again today

The key point here is . No trade should fail to settle on settlement day due to lack of stock. As buying rules still apply. It just requires a properly run back office with the fca monitoring the situation. There is also counterparty risk requirement for a regulatory firm where they need to put up collateral on all positions which have not settled. For example a million pound trade which didn't settle on settlement day would require the broker to put collateral up of three quarters that amount by t 5 past settlement day.. These are rough figures, but hopefully it has given people an idea.

give it a rest guys.....

At the end of the day this is one of the most protected o and g companies. .. The pair of you are showing your shoe size and not your age. ..
Maybe it wouldn't be a bad thing if markets are suspended for three months. inmo

I have been out of the industry for a number of years but the following may be of use.
In the uk before crest/Euroclear. Shorting only existed on a imited scale. Due tio settlement day. People would generally sell an buy back before settlement called a closing
. A little bit that now transpires sell t 20 buying back t 1 before settlement. My understanding is that mifid was supposed to limit this.
In the past different countries had buying in rules. For instance the states used to instigate buying in on T 5 past settlement day . Then leverage hefty fines against the shorter. INMO what has failed is either that any shorter can borrow as much stock as they want. Which I find very hard to believe. You still have to be a accredited stock lender i.e bony / merill etc.

Where things seem to be failing is the middle office/settlements is not doing their job. By not buying in on positions that fail on settlement day. I will eat my mondeo if every short position is being settled on settlement day.
INM humble opinion this is where settlements should be showing a broker/regulatory body how valued they can be if they fully understand what settlements are about.

Gas futures trading up

Newkotb
I never thought I would be trying to offer you words of support. Remember why we all have stayed invested and all of your valid possitive postings in the past This will pass and eventually bounce. Personally I am resigned to a two year hold. I feel pretty confident this will be nearer two pounds come 2022

Gas futures are trading upwards of 35 from November onwards. My question is could serica be hedging at that price if they wanted to .if so this surely is excellent news in terms of guaranteed income.

If the CEO wants to protect his intetests in rockrose then he will need to do something soon inmo.as you are aware I always thought a merger would be good but where would a combined group stand if crude falls to 20.
The only consolation with the oil price is that shale production will fall. Maybe had the us agreed to cut production in the first place the Saudis and russia would have been on board.

I wonder if we will get a pleasant surprise in the budget

Hope rockrose doesnt go too cheap as I will lose money. If it did go that way then at least it would be an all cash offer for serica. Who knowa we may even end up north of 150

I know this has been covered many times, Inmo it does look more and more obvious to me that serica and rockrose will either merge or bid for each other.inmo it is now just a race between the two as to who snaps up the next big deal. I hope they do it as a combined force rather than alone as that would give them even more opportunities in the future

Thanks