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 below the moving 50 day average and above the moving 200 day average on below-average volume.
Visit the SeaEnergy website.
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  • Indi by forwardloop
    Tue, 15 Apr 2014 07:55:00 GMT

    link By forwardloop
  • Re: Still no improvement by avb123
    Thu, 03 Apr 2014 09:03:00 GMT

    Given Sea have left R2S relatively untouched and the business has performed well it may not be a sinister as you hint. Paying the earn out in shares may have been negotiated or subsequently asked for (by either party). It is not unusual to pay earn outs in shares. I agree, they may want the cash buffer, the burn rate is not high so they may want it for something positive. As you say there is a lump of cash hopefully coming from LOGP (I have recently invested there, great value I think at the moment and used to be invested here), Sea is not a company in my view that is in dire financial need. By avb123
  • Still no improvement by Tentative Predator
    Wed, 02 Apr 2014 16:47:00 GMT

    Last analysis link

    I continue to have no holding. Nothing really changed, the sp has bumped on some tips which is great for you holders. I see the vanity consulting continues to fail to provide any real contribution. The only significantly interesting thing I saw was down in point 8 of the notes - that the earn out can be paid in shares at the discretion of the board. That's a fascinating pointer for you on where the board thinks value is. If they pay out in cash, that means they think the shares are seriously undervalued and have huge confidence in the business they're generating to cover future costs and growth. If they pay out in shares, it means that they want the cash buffer - despite the Lansdowne holding - which makes you wonder why.

    Good luck to you holders.
    By Tentative Predator
  • Re: 2013 ANNUAL RESULTS by PERPETUAL OPTIMIST
    Wed, 02 Apr 2014 15:30:00 GMT

    Results are just not good enough; profit and deals are what will count. Jam tomorrow, means investors go elsewhere till strategy begins to deliver profit. It will come but share price will linger till a juicy deal comes along, or profits emerge. Whichever is soonest. Reading between the lines, continuing growth is possible on all fronts, but deals are pending and are more than likely medium term. By PERPETUAL OPTIMIST
  • Re: 2013 ANNUAL RESULTS by neilio
    Wed, 02 Apr 2014 11:18:00 GMT

    I simply can't understand people selling when the company is in its best position since the iraq fiasco. I cal only assume its people got in low and are now taking profits. By neilio
  • Re: 2013 ANNUAL RESULTS by mjolnir1
    Wed, 02 Apr 2014 10:36:00 GMT

    Good results - wondering what is driving SP down? By mjolnir1
  • Re: 2013 ANNUAL RESULTS by PERPETUAL OPTIMIST
    Wed, 02 Apr 2014 06:26:00 GMT

    Results are indeed favourable. Hopefully the statement, especially the near same statement about walk to work vessels made in 2012 will now come to fruition .Our energy services strategy began to bear fruit in 2013, with contributions from R2S and the Consulting division. R2S was the strongest financial contributor during 2013, and the Company's strategy in 2014 is to maintain the focus of R2S on delivering photographic capture and model building for offshore installations, whilst positioning the growing Consulting division to realise synergistic opportunities.
    In parallel, we are at an advanced stage with discussions on vessel opportunities which are expected to lead to ship management work in the near term as well as opportunities to provide vessels for "walk to work" using motion- compensating gangways.
    By PERPETUAL OPTIMIST
  • Re: 2013 ANNUAL RESULTS by mjolnir1
    Fri, 28 Mar 2014 12:42:00 GMT

    yes I agree - hope to see some positive movement on the SP too By mjolnir1
  • 2013 ANNUAL RESULTS by PERPETUAL OPTIMIST
    Wed, 26 Mar 2014 08:00:00 GMT

    Results due early April if following same timetable as previous years. Anticipate favourable report following on from presentation earlier this year. By PERPETUAL OPTIMIST
  • Re: SeaEnergy says growth trajectory will co... by kevyd33
    Tue, 04 Mar 2014 19:05:00 GMT

    Interview impressed me and gives confidence going forward. No fund raise required to capitalise on opportunities, cash in hand, cash generative R2S business growing with great opportunities to synergise with consultancy strand of business. 2014 to be profitable so lots of reasons to stay invested. Glad I held here and looking forward to seeing acceleration in share price as the R2S technology really catches on. This has all the hallmarks of a success story going forward with a sound development strategy. Just my opinion fwiw.
    KD33 By kevyd33
  • SeaEnergy says growth trajectory will continue in 2014 by SlagChops
    Tue, 04 Mar 2014 14:03:00 GMT

    Encouraging interview

    link By SlagChops
  • Growth of R2S helps SeaEnergy to success by SlagChops
    Fri, 28 Feb 2014 07:31:00 GMT


    HTTP://www.heraldscotland.com/business/company-news/growth-of-r2s-helps-seaenergy-to-success.23551905


    SeaEnergy (LON:SEA) enjoyed a successful 2013 thanks to increased demand for its offshore services from its North Sea clients.

    The company, behind a technology called R2S (Return to Scene) that allows the remote control of oil rigs, said the R2S business achieved organic growth in the past year.

    The division expanded internationally, completing contracts in the Gulf of Mexico and in Mexico itself.

    The take-up of the R2S visual asset management service has been boosted by the introduction at the back end of last year of version 3 of the software, the company added.

    The momentum, it says, has continued into 2014 and the company has secured a record order book for the first quarter, coming mainly from the UK North Sea, where it has deals with Total and BP.

    R2S is on track to hit the final earn-out target for the year to the end of February.

    The consultancy business has also made progress, SeaEnergy said, adding that it is in talks with a potential joint venture partner to bolster its position for tenders expected over the coming months.

    Chairman David Sigsworth said: “In 2013 we achieved significant delivery across all of the strands of the strategy.

    “The business has grown strongly, particularly R2S. Looking ahead, 2014 is set to be another strong year for SeaEnergy as we fully integrate R2S and grow our offering through each of our divisions. By SlagChops
  • Re: rise (tikky) by deeps
    Fri, 21 Feb 2014 15:47:00 GMT

    Thank you the response. Fingers crossed for £0.60 then ! By deeps
  • Re: DM Article Effect - SFA! by woodcroft53
    Fri, 21 Feb 2014 01:50:00 GMT

    I eat my words unreservedly - that is a massive rise in a single day.
    I have been in this share for an eon - since Ramco days and have seen lots of up & downs. I need to get to 45p to break even and 60p would be my out price. Lets hope the sp consolidates and continues it's rise towards that 60p - GLA By woodcroft53
  • Re: rise by Nick763
    Thu, 20 Feb 2014 15:32:00 GMT

    Moreover, if any farm-out deal does take place then expect shares in both Providence Resources
    and Lansdowne to re-rate with an obvious read through to SeaEnergy given its 21.4 per cent stake
    in Lansdowne. It would also offer the real prospect of SeaEnergy being able to sell off this legacy
    asset. And the best part is that this investment in Landsdowne is in the price for free. That’s
    because even if you only attributed a modest valuation of six times cash profits to R2S, or the
    equivalent £15m, then the subsidiary is worth almost as much as SeaEnergy itself. And remember
    SeaEnergy also has net cash of around £5.6m on its balance sheet prior to the earn-out payment
    of £4.6m due to the former owners of R2S.
    Technical set-up
    The chart set-up is also encouraging. Having drifted down on the lack of newsflow in recent
    months, SeaEnergy shares are trading well below their December high of 36p having come back to
    their 200-day moving average around 26p. There was always going to be some stiff resistance at
    the 36p level since this coincided with the March and July highs in 2012 which capped progress.
    It’s worth noting though that the 14-day RSI is now in oversold territory, giving a reading well
    below 40. Interestingly, the share price is sitting on its 20-day moving average which has been
    falling during the recent drift, but a move above 29p would enable the price to cross this trend
    line and could signal that the downtrend is now over. For good measure, the moving average
    convergence divergence indicator, a trend-following momentum indicator also known as the
    MACD, has given a positive cross over, albeit the signal line is still below zero.
    What’s also clear is that an improvement in investor sentiment could have quite a dramatic
    impact on SeaEnergy’s share price given the low valuation being attributed to the equity right
    now. Moreover, with the forthcoming final results set show that the company turned a first half
    pre-tax loss of £611,000 into a profit of the same magnitude to break-even in 2013, then we are
    guaranteed a good news story in April especially since profits at R2S have been surging.
    Target price
    In my opinion, fair value for the shares is closer to 60p, or double the current share price to
    reflect cash on the balance sheet, the increased value of R2S since its acquisition in 2012, the
    potential for significant value to be realised from SeaEnergy’s shareholding in Landsdowne Oil &
    Gas, and upside to current analyst earnings estimates if R2S continues to make the stellar
    progress as seems highly likely.
    From a charting perspective, if SeaEnergy’s share price can break above 36p then there is no
    technical resistance at all until a band between 60p and 66p. Positive newsflow at the full-year
    Lansdowne Oil & Gas
    Providence Resources
    20/02/2014 11:45
    Investors Chronicle - Making waves
    Page 4 of 4
    link
    results could just be the catalyst needed to spark a much overdue re-rating. So ahead of that
    announcement I have no hesitation recommending a buy on SeaEnergy’s shares on a bid offer
    spread of 27.5p to 29p. My initial target price is 60p on a 12 month basis.
    MORE FROM SIMON THOMPSON...
    For more of Simon's columns, see his IC homepage...
    View Simon's Bargain Shares portfolio
    Simon's second book, Stock Picking for Profit, can be purchased online at
    www.ypdbooks.com, or by telephoning 01904 431 213 and is priced at £14.99, plus
    £2.75 postage and packaging
    visible-status-Subscription-Only story-url-MAKING WAVES_IC_SIMON THOMPSON_20.02.14.xml
    By Nick763
  • Gus by SloppyJoe
    Thu, 17 Apr 2014 10:02:01 GMT

    I think there's potential. Trouble is, its not something I have a great understanding of. Gaming software can be a goldmine if backed by the right company but it can be impossible if opposed by the wrong company... Wish I knew more about it.
  • RE: Gus by Gus18
    Thu, 17 Apr 2014 09:04:57 GMT

    Morning SloppyJoe LOGP up again....re conversationsAm I the only one who thinks there is considerable potential re the Google link and also gaming ....My 20 yo son perked his head up when I showed him the RNS and he spent time checking out gaming possibilities!
  • Gus by SloppyJoe
    Thu, 17 Apr 2014 06:40:43 GMT

    I don't think there's many of us, or indeed such a lot to talk about. This is clearly an attractive technology in a growth industry. The company is well run and cash positive, growing all the time. There's value on offer here, as well as growth but this is under most people's radar at the moment. SP should move up steadily over the coming months but there doesn't seem to be too much to discuss. Might be set for a breakout above 40p though...
  • RE: Todays RNS Reorg of business struct by aardvark
    Thu, 17 Apr 2014 06:40:42 GMT

    Hello Gustavo. I am still here. Interesting RNS yesterday, or it would be if I could actually understand what it means:-)
  • Todays RNS Reorg of business struct by Gus18
    Wed, 16 Apr 2014 20:33:05 GMT

    Digested todays RNS

    link

    SEA primarily focussing on the R2S division . When one:- A Puts this in context of last weeks RNS which stated "The fact that R2S exceeded its earnings target demonstrates the considerable value that the business brings to the SeaEnergy Group. R2S is continuing on its growth trajectory, driven by the oil & gas industry where we have built a stable of world class clients. Whilst the energy sector remains our primary focus, the R2S technology can be applied to many other business sectors. The Board and management team are confident of R2S' ongoing growth potential." B.In todays RNS the following statement appeared" The digital media and forensic experts in R2S's Max and Co business will join SeaEnergy's Consulting Division. This will harness their proven skills in making sense of complex information, thereby helping the combined team target high value opportunities through the Group's unique service offering " Again IMHO one needs to puts this in the context of last weeks RNS which was headed ""Aberdeen based Max and Co pioneering the use of technology ahead of Facebook's acquisition", albeit referring to their partner. It is IMHO looking fo SEA.... EXCELLENT. I have a target of 65p and this is prior to including SEAs 20% share in LOGP BUT IS ANYBODY ELSE HERE....
  • LOGP RNS.... by Gus18
    Tue, 15 Apr 2014 10:39:24 GMT

    link

  • Watch SEA due to LOGP by Gus18
    Tue, 15 Apr 2014 08:09:30 GMT

    SEA worth watching today as LOGP up 10% this morning and SEA own 21.48%. Why rise..Talk of investment from US & PVR and Irish Sea liscence
  • Proactive Investor Report and Inter by Gus18
    Wed, 09 Apr 2014 15:08:16 GMT

    Published about 2hours ago...

    link

    Interesting that IC also running a SEA article as well...Shows excellent PR, with the 3 RNS's in a week
  • Simon's article in IC today by Gus18
    Wed, 09 Apr 2014 14:19:29 GMT

    Simon Thompson of Investors Chronicle has tipped it again today. Primed for profitability Shares in Aberdeen-based small-cap energy services company SeaEnergy (SEA: 35.5p) have proved volatile since I initiated coverage a couple of months ago ('Making waves', 20 February 2014), but are still up around 25 per cent on my recommended buy in price of 29p. You would expect this given the company is in the early stages of a profit recovery and it will take time for investors to get a grip on the likely projectory of earnings, and the implications on the valuation. Having appraised last week’s results, I still feel there is significant untapped value in the company and believe that my 60p a share target price is a realistic goal, assuming of course the earnings recovery takes hold. I was first attracted to the company after SeaEnergy acquired R2S, a profitable, cash generative and growing business, around 20 months ago. The purchase has gone to plan and in last week's full-year results SeaEnergy confirmed that R2S achieved cash profits "in excess of £2.5m" in the 12-month trading period to end-February 2014, ahead of target. That triggered the final earn-out payment of £4.6m to the vendors and means SeaEnergy has in effect purchased a fast growing and highly profitable business for a bargain basement total consideration of £10.1m. In my opinion, the robust growth is set to continue because R2S's core service - Visual Asset Management - is proving as popular as ever. The VAM technology involves taking 360 degree spherical photographs of locations and then building up three-dimensional (3D) models. Data can then be embedded, indexed and managed. R2S initially provided these services to Police Forces and Courts across the UK, to model crime scenes and to index and manage associated evidential data. But it is the oil and gas sector where the real profit potential lies. That’s because VAM enables oil rig operators to keep a visual record of all key parts of an oil rig, monitor its condition and any changes to the fabric, with a view to carrying out maintenance. It’s cost effective too because the technology can be operated remotely, so it cuts overheads and reduces the need for trips out to the oil rigs. As one would expect, R2S's core market is in the North Sea, where many oil & gas installations are reaching the ends of their design lives and the importance of maintaining asset integrity is increasing. Revenues are generated from both the "asset capture" project of initially setting up the 3D models and from ongoing software licensing fees charged to the operators of assets which have been captured. Since entering the oil & gas sector market, R2S has developed a strong market presence, and is now finding that clients, who have successfully utilised the company’s service on UK installations, are replicating the cost savings they have achieved in other geographies. In tur
  • RE: Todays RNS by Gus18
    Wed, 09 Apr 2014 14:07:10 GMT

    Even

    link

    has SEA has a strong buy....OMG...but as ever DYOR
  • Todays RNS by Gus18
    Wed, 09 Apr 2014 14:05:21 GMT

    Love the part where it states ""The fact that R2S exceeded its earnings target demonstrates the considerable value that the business brings to the SeaEnergy Group. R2S is continuing on its growth trajectory, driven by the oil & gas industry where we have built a stable of world class clients. Whilst the energy sector remains our primary focus, the R2S technology can be applied to many other business sectors. The Board and management team are confident of R2S' ongoing growth potential." I do link this to this weeks earlier RNS which was headed ""Aberdeen based Max and Co pioneering the use of technology ahead of Facebook's acquisition", albeit referring to their partner. I am personally putting a 70p plus target on the SEA shares in a 6 to 12 month period
  • nice by cashfornuthin
    Wed, 09 Apr 2014 13:11:35 GMT

    RNS all good
  • Rereading RNS...Facebook connection by Gus18
    Mon, 07 Apr 2014 11:26:46 GMT

    This is not a ramp( and YES I hold shares, and I do like this share)Max and Co digital media who are part of SEA, are the focus of the RNS.It is amazing technology they have developed that applies to the business world and the gaming world.See their website

    link

    Hence why it appears the RNS starts off by saying "Aberdeen based Max and Co pioneering the use of technology ahead of Facebook's acquisition" As ever please DYOR
  • That's by SloppyJoe
    Mon, 07 Apr 2014 07:56:20 GMT

    Just the sort of thing we need here. Should put the co on a few more people's radar. Lots of potential here.
  • RNS out . Price Up by Gus18
    Mon, 07 Apr 2014 07:37:43 GMT

    link

    Excellent news.