AIM Soiree Butler SeaEnergy SEA.L

SeaEnergySeaEnergy PLC (formerly Ramco Energy plc), a Scottish public limited company, and its subsidiaries and associates form an energy group, headquartered in Aberdeen, Scotland. The Group is currently establishing an offshore energy services business, which aims to provide access and other services to the expanding offshore wind industry as well as to other offshore energy clients, and also holds a number of investments in oil and gas.

SeaEnergy is trading above the moving 50 day average and below the moving 200 day average on above-average volume.
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  • Bounce by neilio
    Fri, 29 Aug 2014 12:09:00 GMT

    Nice bounce lately. I hoped this is based on leaked half year figures in line with the previous RNS By neilio
  • Re: BUSINESS GROWTH by lordbletherington-smythe
    Mon, 18 Aug 2014 16:29:00 GMT

    There hasnt been much correlation for a while. LOGP have tumbled 80% or so in the last year, and SEA is pretty much flat in that time frame.

    Should LOGP surge back to 30p+, or have some positive corporate activity, then SEA will rise too, as its widely known that SEA will distribute most of the gains back to shareholders. Their cost is about £5mln, which is about 16p per LOGP share.

    Even if there was a takeover of LOGP at something like 25p, I would still expect SEA to benefit, as they would receive £7.5mln in cash, against their current market cap of about £19mln, which gives little value to their block holding in the illiquid LOGP shares. By lordbletherington-smythe
  • Re: BUSINESS GROWTH by david polson
    Sat, 16 Aug 2014 11:31:00 GMT

    Daft lad question, is there any/much correlation in the share prices of sea energy and landsdowne, or is the availabilty of shares over ride it?
    By david polson
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  • Re: BUSINESS GROWTH by SlagChops
    Thu, 14 Aug 2014 08:00:00 GMT

    Yes a record second half as I said, not a record 2nd quarter....


    "After a record first quarter R2S activity returned to more normal levels in the second quarter as some projects were delayed and rescheduled later in the year. With a strong order book for the second half of the year driven by growing demand from the UK North Sea, US and Mexican markets and additional international potential, the trend for R2S to have a strong second half of the year is expected once again, with forecasts for the second half considerably ahead of the first six months of 2014."
    By SlagChops
  • Re: BUSINESS GROWTH by neilio
    Thu, 14 Aug 2014 07:32:00 GMT

    "I think the message is don't expect the same great results for the 2nd quarter as the 1st due to delays, but it'll be more than worth the wait by the end of the year."

    I would say exactly the opposite they are predicting a record second half for R2S
    "With a strong order book for the second half of the year driven by growing demand from the UK North Sea, US and Mexican markets and additional international potential, the trend for R2S to have a strong second half of the year is expected once again, with forecasts for the second half considerably ahead of the first six months of 2014."

    First pending half results will show a profit I believe. By neilio
  • Re: BUSINESS GROWTH by SlagChops
    Thu, 14 Aug 2014 07:13:00 GMT

    I think the message is don't expect the same great results for the 2nd quarter as the 1st due to delays, but it'll be more than worth the wait by the end of the year.

    All in all very positive but some figures would be nice, especially for the Marine side. By SlagChops
  • BUSINESS GROWTH by PERPETUAL OPTIMIST
    Thu, 14 Aug 2014 06:47:00 GMT

    As anticipated the business continues to prosper; but no mention of predictions of return to profit. Is this a warning shot of jam tomorrow? Another year?. Or perhaps at least not until the final year end results. By PERPETUAL OPTIMIST
  • Thanks Simon by pharmaspecialist
    Wed, 13 Aug 2014 12:03:00 GMT

    Simon Thompson of the IC has obliged with a positive update on Seaenergy sooner than I expected. He has updated his buy tip with recently released news on Seaenergy's contract wins and has repeated his positive view on the company's legacy assets. I expect this explains the share price increase today, up 6.92% at the time of writing. By pharmaspecialist
  • Re: Alarming Slide by pharmaspecialist
    Tue, 12 Aug 2014 13:15:00 GMT

    I would agree with your sentiment, although there are still major uncertainties which will no doubt combine with the limited liquidity ro result in more "alarming slides" along the way, but I think the long term direction over the next few years will be up, no doubt boosted by the occasional comment from the Investors Chronicle which of course has an ongoing buy tip on the shares. I particularly like the company's strategy of diversifying its energy related interests as, in the longer term, this should provide better stability in earnings and this in turn should provide the opportunity to pay a dividend. Another listed company, James Fisher, has shown how a diversified marine services company can exploit the opportunities in this specialist sector. I know that Seaenergy is much smaller and more focused on energy than Fisher but I think it may benefit from the same dynamics (eg.relatively high barriers to entry, need for technical expertise) of this sector. By pharmaspecialist
  • Re: Unable to buy by pharmaspecialist
    Tue, 12 Aug 2014 12:26:00 GMT

    One factor in deciding how easily a trade goes through is the Normal Market Size. For Seaenergy this is only 5000 shares so if you try to buy or sell more than this number of shares it may move the price, depending on what the Marketmaker decides, so this may prevent the trade going through if you have put a limit price on the deal or it may be the case that the Marketmaker does not want to deal in larger volumes. I was able to buy 5000 shares at T D Waterhouse on the phone at the indicative price without any problem and when I pointed out that their online dealing system did not recognise the Seaenergy code they applied the online dealing rate. I think they might havee ntered the code into their system later as I was able to deal online later, but the online deal was not done instantaneously as usual, it had to be passed to one of their dealers so their was a few minutes delay in execution and the price was not guaranted although it turned out to be the indicative price at the time I placed the deal. Hope this experience helps. By pharmaspecialist
  • Re: Alarming Slide by PERPETUAL OPTIMIST
    Sat, 09 Aug 2014 13:21:00 GMT

    The recent RNS advising of ship deal, plus the confidence of buyer who now has broken the 4% threshold, plus the forthcoming end August interim results should pave the way for a broker review. Any statement in the interim is going to be favourable, and company growth is set to continue with a respective profit profile. SEA is is on its way, and headed for great things. By PERPETUAL OPTIMIST
  • Re: Unable to buy by tessa the investor
    Fri, 08 Aug 2014 09:35:00 GMT

    Well you are probably right but I am still unable to buy, only sell via Selftrade. And although the price is up 5% thats it, and there are only 3 tiny trades reported today, all in the hundreds of pounds not thousands.
    Does this mean there is no stock to trade, and if so when i test a sell price why is this not better if it appears there is demand to buy? By tessa the investor
  • Re: Unable to buy by lordbletherington-smythe
    Fri, 08 Aug 2014 08:25:00 GMT

    I think early in the day, especially after news, mms dont like putting up electronic prices in anything other than minimal amounts. Its times like these where you need a phone service, as on line is no good.

    Good progress for the company today, and another string to their ever more powerful bow. By lordbletherington-smythe
  • Unable to buy by tessa the investor
    Fri, 08 Aug 2014 07:40:00 GMT

    I thought i would add to my stake on the news today.
    I have tried repeatedly to buy but Selftrade say they cannot "fulfil the request".
    They can sell my current stake, but not sell me any at any price apparently.
    This is annoying for me as i would like to add at this price, and rubbish for Selftrade who cannot deal when you need them to, but i assume is good news for the share price By tessa the investor
  • Re: Alarming Slide by PERPETUAL OPTIMIST
    Thu, 07 Aug 2014 11:40:00 GMT

    End August is due date for interim results to end June. Unless the directors have been telling porkies then the market should expect something favourable. By PERPETUAL OPTIMIST
  • Trading update by GedW
    Thu, 14 Aug 2014 06:05:18 GMT

    link

  • RE: Investors Chronicle today by aardvark
    Wed, 13 Aug 2014 16:25:24 GMT

    Its actually 60p, but I take your point. Having read the article, I disagree with his valuation of R2S. He says its worth £22.5mln (40p per SEA share). I think its worth double that.
  • Investors Chronicle today by jammers
    Wed, 13 Aug 2014 12:14:49 GMT

    Is predicting a fair value target price of 80p...loads of potential here..!!!!
  • RE: Onwards yes./ Upwards ????? by aardvark
    Fri, 08 Aug 2014 16:39:51 GMT

    Thanks bopd. So your job is to talk it down until the mystery buyers can load up at the Remp level? or do you mean looking for gas at 7H? Or do you make it up as you go along? I dont quite know how anyone will buy any size in this. I tried to buy 20k at 33p for most of the afternoon, and didnt get any. Its just too illiquid.
  • Return to scene by TheLibrarian
    Fri, 08 Aug 2014 16:39:40 GMT

    is going to drive this business forward, didn't anyone wonder why Louise Warner increased her already significant shareholding? One thing about significant shareholders is that they are kept informed of developments, unlike us insignificant shareholders :)
  • Onwards yes./ Upwards ????? by bopd
    Fri, 08 Aug 2014 15:04:31 GMT

    Only a reinstatement of the old order will see this one move significantly upwards
  • gus by bopd
    Fri, 08 Aug 2014 15:01:11 GMT

    Gus; Is the penny slowly dropping now ? Incidentally ship management is very low margin for major hassle. I am beginning to think these guys have lost their way and are chasing rainbows
  • Any chance that by TheLibrarian
    Fri, 08 Aug 2014 07:37:05 GMT

    It will breach the 40p level this time? Looks like they are moving forward!
  • What a week by Gus18
    Fri, 08 Aug 2014 06:46:45 GMT

    2 new ship contracts

    link

    announced today Earlier in the week the share price went down,yesterday it was announced a large shareholder buys more shares and now todays news..
  • Double take ! by GedW
    Fri, 08 Aug 2014 06:39:49 GMT

    SEA announce that its recently established joint venture (JV) GOSeaEnergy Ship Management Limited (GOSEA) has this week been awarded the ship management of two more vessels. GOSEA was established in June 2014, as a JV between Go Offshore (Asia) Pte Ltd. a Singapore based shipping company and SeaEnergy Ship Management Limited, the latter holding a 51% share. The first vessel, the newly built Go Pegasus, is a DP2 anchor handler (AHTS), owned by the Singapore based Otto Marine Limited (Otto). The Go Pegasus is flagged in the Marshall Islands and will shortly arrive in the U.K. where it will be operating under charter and deployed on ploughing activities in the western UKCS. The vessel has a crew of 20. The GOSEA team is responsible for the full management of the vessel's crew, provisions and technical support. The GOSEA team have also taken over the operational management of the Go Electra, a DP2 multi-purpose support vessel is owned by RY Offshore Pte Limited. It is currently operating under charter for Harkand ISS and is carrying out ROV surveys and air diving operations, primarily in the North Sea. The vessel which is flagged in the Marshall Islands has a crew of 21. Mike Comerford, Operations Director for SeaEnergy PLC, commented: "It is a busy and exciting time for us as a Group and we are delighted to have increased the number of ships under management in such a short timeframe. We have had excellent feedback from the companies chartering these vessels - a credit to the wealth of experience of our team at GOSeaEnergy."
  • Reason for drift down ? by Gus18
    Thu, 07 Aug 2014 13:08:31 GMT

    The RNS may partially explain the price drop, if you are a conspiracist that MMs drop the price...

    link

    Louise Warner now holds above 4%(2,271,000) of the shares Previously she held 3.59% (2,025,000). Therefore an additional 246,000 shares purchased. The volume on 06/08/2014 was 681,747 shares , so only approximate 36% of gthe shares traded could have been bought by Louise Warner. Hmm now has does this fit into BOPDs theories ?
  • otto by aardvark
    Wed, 06 Aug 2014 15:01:22 GMT

    This is worth a read, particularly the bit about Otto expanding in the North Sea.

    link

  • RE: almost there by aardvark
    Wed, 06 Aug 2014 14:48:31 GMT

    Oh yes, the much talked about Remp level!
  • almost there by bopd
    Wed, 06 Aug 2014 11:11:58 GMT

    Get ready guys
  • Dissapointing drift down by CaseyJones
    Mon, 04 Aug 2014 21:09:05 GMT

    Negative windflow here. Shareholders need more than a 1m us dollar contract to lift spirits and share price. Suggest we recover turbines to generate positive movement.