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it is also not helping us with the continuing fall in gas prices.Hopefully they will soon steady along with the share price

Careful what you wish for. As you know there always seems to be problems when Serica takes to the drill. I have written of n eigg. What i am hoping for is some kind of deal whatever that form may take purely to take the interest away from eigg. Its looking like we are going back to the bad old days when we were not valued much above cash at hand. For me in a way i would like this to drop sharply below gbp 3.00 as this would give an excellent buying opportunity

Sericas fate inmv together with the majority of my investments is will the civil service/ hmg sack and replace the deliquents who are about to create another crisis ??
A concervative gvnmt who has no understanding of the city. The whole lot needs to go inmv

I would not be against them having another go at some kind of merger. I would probably vote in favour if this happens. A merger would still give us dividends together with a stronger company inmv

Herbieridesaga
If your analysis is correct,Then the only way we can outprform now is to instigate a share buy back programme inmv

maybe there has never been a crisis.Ukraine / Russia will only get resolved by diplomacy. Probably all ready has been.

We have a group i.e Nato,and the others dictating millions of peoples lives.

Its like going back in time . the emperors of the world. What a sh...t shower this world is becoming inmho so dyor

Newkotb remember the poster nickel. Please dont become like that re posting of gas prices inmv

There is a possitive in all of this despite the falling share price in terms of yield.
The company will need to maintain a decent yield going forward to match gilts/boe rates. So we could end up with dividends of twenty pence per six monthly intervals. Also i know a number of lth are not in favour of share buy backs ( i wasnt until recently), but maybe this is now the answer to stabalise the share price.
I did post this before, imperial tobacco is a good example of how this can work inmho

That makes perfect sense, but we are dealling with an inept un educated gvmt at the moment who will turn on a penny inmo.Also what i mean by uneducated are persons who are text booked educated and have no real understanding of the real world. People usually surround themselves by the same type of people. Unfortunatly the current gvnmt together with boe have the wrong people at the helm and this has filtered down.

fwie I bought a few today . Probably not the best decision of late. I just have dreadful feeling that we could be in for a shock with global markets now.

Agree. It's more likely more than ever now. I think we need to merge with a bigger player more so than we did before. I am not sure on tax rules but could there be a way around this if a foreign entity became involved. alternatively de list and re list overseas could that also be an option.

Sorry forgot to add. They could always appoint dil.....do har.....ING to complete the mess they have created. Track and trace for posters who don't understand who I am referring to.

But what about that tw....t at the boe

Re what they really need to do.
Inmho they really need to show some integrity and honour and carry through and back people companies up when they spout their garbage. This gvmnt has proven to be the most dishonest liars from my living memory
Three times i have and i am sure many others have been caught out by trheir child like lies during past three years.
Going back to Serica. INMHO i just hope Serica does not go for any of these licences . Better to sit on the cash and invest it into overseas exploration.Somewhere like the U.S wouldnt go a mis now inmv.
As for the boe .That bloke giving deadlines on the bond buy back is a typicle pr...t that wanted a career in the city but failed. So he ended up at the fca. Worst still the boe took him on. I suppose it could have been worse he could have ended up working for a registrar like c....psh,,re

There are some very good write ups on the net concerning the future of ldi. Basically they are saying that there will still be a future for them,but funds will scale back there use forcing them to invest more into equities. Maybe we could be in for a mini boom in the stocks once this settles.

Did the boe and gvmt use the same rhetoric towards banks as they are now be applying to the pension industry. Quite the opposite inmv
As far as i can see there is a bottle neck where the pension funds need to adjust by unwinding positions to cover margin calls and positions. Is boe and gvmt trying to cause a market crash. If not they are certainly trying their best to do so inmo.
Theres still a possitive in this for Serica in terms of buying up government debt.Excellent rates of interest now.

There is also the fear that this honourable or should I say horrible gvnmt will back track and add a additional tax.

Had hmg a credible plan they would have announced it already. In other words they haven't got one yet. I am more concerned with my Legal and general holding than Serica ATM,I just hope that both shares do not collapse.

Thanks Mommur.
I think i shall also be following you re investing my dividend back. Hopefully hmg and boe will come up with a plan to steady the market. Otherwise i hate to think what will happen if pension funds have to dump stock on a mass scale to cover margin calls .

newkotb
come on there is game plan. Both of us have been here a long time. I think what may have changed this time is the spike in gas prices. My view is that either they will merge shortly or simply be taken over. As you know the cash balance and short term income will dicktate this. That is also not taking into account the interest rate situation and mess created by that bloke and woman of late.
Personally i am one of the lucky ones having held at a very low price and now seeing dividends. Fwiw i treat this as a solid investment paying dividends with a strong balance sheet .

Maybe serica could merge and pay the bond off before majority. Otherwise wait for a fire sale.
Hopefully Serica has taken some solid advice with regards to it's cash deposits and short term income. Inmho so dyor etc