Investor 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.
Take me straight down to the chat SeaEnergy is trading above the moving 50 day average and below the moving 200 day average on above-average volume.
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  • by aces and eights
    Tue, 01 Dec 2015 13:51:00 GMT

    Are Mms trying to get some interest in these shares?? By aces and eights
  • gloomy by forwardloop
    Wed, 25 Nov 2015 20:18:00 GMT


    By forwardloop
    Fri, 06 Nov 2015 08:34:00 GMT

    Proves the worth of the technology. All they need now is to refill the order books with commitment. By PERPETUAL OPTIMIST
  • Re: Hopes of Revival by SlagChops
    Fri, 09 Oct 2015 13:41:00 GMT

    Good luck. I reckon this is just the MM's suckering people in. Wouldn't be surprised to see a placing soon. By SlagChops
  • Hopes of Revival by RegalPrince
    Thu, 08 Oct 2015 20:11:00 GMT

    I was in Ramco fifteen years ago with fellow investors like hotrocka. Bones and few others, after demise of Ramco I could not take it anymore. I got in back in SEA when it was 65p I think 7 years ago...and got out at 45p when the trend was not going to my expectation.
    Hence now I decided to get in back again I would say its Boom or Bust. Good luck Long term shareholder, I will ride the storm with you guys. By RegalPrince
  • Re: going south by delightful
    Tue, 29 Sep 2015 13:39:00 GMT

    4.5p now. 0p soon. By delightful
  • going south by delightful
    Fri, 18 Sep 2015 10:03:00 GMT

    6p now. 0p soon. By delightful
  • LOGP rise by barontaylor
    Wed, 24 Jun 2015 09:20:00 GMT

    LOGP might go up a bit more yet and give share price a lift maybe sea will get to off load it soon. By barontaylor
  • Open Letter to JAW by SlagChops
    Mon, 08 Jun 2015 14:55:00 GMT

    The following is from stewy_18 on ADVFN. If you agree then please support this.


    Below is an open letter I have written to JAW expressing my concerns about the way SeaEnergy is being run. If you agree with the content, I would really appreciate if you could send me an endorsement mail also noting your holding in number of shares to . Depending on whether I get a satisfactory response from JAW or not I may have to set up a conference call to impose upon him the seriousness of the situation we find ourselves. If I do not get any endorsements however....

    Please be kind enough to have a read. I will ask David Stredder and Chris Boxall if they can retweet and I will be asking David the best way to continue here.

    Open letter to John Aldersey-Williams CEO of SeaEnergy 08th June 2015


    Having presided over massive shareholder value destruction over the past 2 years, I am becoming very concerned you are not taking this grave situation we, as shareholders of SeaEnergy, find ourselves at this moment in time, seriously.

    I’m afraid the feedback received from the AGM was less than satisfactory. I would like clarification on certain points to ensure we, as shareholders, and the board of SeaEnergy are aligned going through this difficult time.

    One cannot help the low price of oil environment we find ourselves in. This is unfortunate, but the low price of oil means you have to react accordingly. To start with, you have to lower your central costs.

    Saying you are going to lower your central costs is one thing. You have been saying you are aware central costs are too high for at least two years now. There was no clear plan given at the AGM on how you are going to do this. You need to provide an action plan and make this visible to shareholders so we can monitor your success. It is clear to all shareholders that you have a layer of management that is not necessary and needs slimming down drastically. You need to spell out how you are going to reduce costs and how much you are going to reduce them by. This is the most crucial point and I expect a bit more detail in the coming weeks on what exactly you are going to do to reduce these costs.

    Can you also assure shareholders there will be no placing this year?

    The asset sale of SeaEnergy’s stake in Lansdowne Oil and Gas is another important topic. We have seen the value of this asset diminish from £18 million at the height of its value to circa £1 million presently. The wisdom of not selling that asset in full or in part remains a very dubious decision. Can you provide assurances that you will do what’s best for SEA energy shareholders, not what is best for you (as a Lansdowne Oil and Gas shareholder) or Lansdowne Oil and Gas where you are a non-executive director?

    Could you also advise us how you are exiting the ship management business? Have you put this part of the business up for sale? If so what do you expect sell it for?

    I was also concerned to hear in the AGM you are meeting with a nuclear authority next week. You have mentioned the uses for R2S in nuclear for as long as I have been invested, yet there has been no headway in this area. I am not surprised to be honest. There is not the cost saving there is on oil rigs, neither the cost savings on flights nor the bed space issues. Can you please explain why you continue to pursue this avenue?

    Finally John, I find it rather antagonizing that you post an RNS that announcing SeaEnergy as a finalist for an award the day after you issue such a poor trading statement. I, as a shareholder, am far more interested in revenue generating/cost saving RNS’s and see very little value in mentioning this kind of news when we face such a critical time for SeaEnergy.

    I would really appreciate a candid response to this letter. If I do not receive the assurances I need I will face no other choice but to sell my holding for a large loss. SeaEnergy is at serious risk of becomin By SlagChops
  • info by forwardloop
    Sun, 07 Jun 2015 23:11:00 GMT

    IC update 3 June

    Aim-traded shares of SeaEnergy (SEA: 15.5p) have had a rollercoaster ride since I recommended buying at 29p ('Making waves', 20 February 2014), hitting a high of 44p at one stage, but they have been a victim of the falling oil price since the autumn.

    For the past six months the share price performance appeared to be completely at odds with the operational progress SeaEnergy has been making. The company reported a record year for its highly profitable R2S's core service division in 2014, buoyed by demand from the energy sector for its Visual Asset Management technology that enables oil rig operators to keep a visual record of all key parts of an oil rig, monitor its condition and changes to the fabric, with a view to carrying out maintenance.

    But the oil price slump has caught up with the company as it warned yesterday of project deferrals due to oil companies implementing budget freezes. As a result management guidance is that R2S's revenues this year will be marginally below that achieved in 2014, prompting analyst Ken Rumph at brokerage Stifel to cut his fiscal 2015 revenue estimate for R2S by 30 per cent to £3.7m, or 11 per cent below the £4.1m of turnover the business unit generated in 2014. On this basis, R2S is now expected to report operating profit of £1.85m, down by almost £1m from Mr Rumph’s previous estimate, and well down on the £2.1m profit the unit earned in 2014. Add to this small contributions from both SeaEnergy's marina and consulting divisions, and factor in central overheads of around £2m, and the company only looks like breaking even in 2015, rather than delivering the six-fold rise in pre-tax profit to £1m that Stifel had predicted when I updated the investment case when the shares were 21p ('Profiting from M&A', 13 April 2015).

    This means that although there is value in the shares, as I have made the case for in the past, the risk to earnings now looks to the downside. Moreover, the fall in the share price of Aim-traded North Celtic Sea-focused oil and gas explorer Lansdowne Oil & Gas (LOGP: 5p), a company in which SeaEnergy owns a 18 per cent legacy stake, worth £1.5m, means that SeaEnergy will have to book a non-cash asset impairment charge on this holding of almost £1.5m given that Lansdowne's share price has virtually halved since the start of the year. This is hardly good news for sentiment either.

    Binary option

    Lansdowne's latest share price weakness reflects the delays in closing a farm-out deal on the Barryroe licence in the North Celtic Sea Basin which has 346m barrels of oil equivalent of recoverable 2C resources. Aim-traded Providence Resources (PVR: 23p) is the operator of the licence with an 80 per cent interest in the field and has been negotiating on behalf of Lansdowne which has a 20 per cent interest in Barryroe. A farm-out partner has been found, but the closing conditions have yet to be satisfied and disconcertingly Providence is now seeking to clarify the status of those conditions and the proposed farm-in partner's position. Lansdowne has also instigated a strategic review of its own businesses.

    It's a binary bet as a successful farm-out would enable SeaEnergy to exit this legacy holding, but if the deal falls apart then expect Lansdowne's share price to fall further and SeaEnergy to be forced to write-down its investment even further. Having assessed comments from all the parties involved, I am no longer confident that a farm-out can be agreed.

    That's not to say there isn't value in SeaEnergy's shares as ascribing a valuation of 10 times current year operating profit estimates to R2S as a standalone entity implies a valuation for that business alone around double SeaEnergy’s depressed market value of £9m. As I have made the point before, the company’s North Sea and Bulgarian royalty interests have some value, too - Mr Rumph at Stifel believes these are worth about £1.8m, a sum equivalent to 3p per SeaEnergy share or a fifth of the company’s c By forwardloop
  • Delightfully stupid by avb123
    Fri, 05 Jun 2015 10:33:00 GMT

    Proper funny buddy, you went all the way back to 2011 to find a post to show how I got SEA wrong. Did it make you feel better? Yes! Make you feel big? Yes! Make up for having a small ****, nope mate, that's as big as it will get :-)

    By avb123
  • Re: Email Contact with Sea by delightful
    Thu, 04 Jun 2015 10:13:00 GMT

    Ramco going south. 0p soon. By delightful
    Wed, 03 Jun 2015 14:50:00 GMT

    If obviously well thought of on the awards circuit, then SEA must have something worthwhile to offer the industry.
    If it is merely a case of postponed work, the innovation attraction persists and is worth something in the industry. How much though? By PERPETUAL OPTIMIST
  • How to waste £30m by indaknow
    Wed, 03 Jun 2015 00:41:00 GMT

    After the sale of serl seaenergy was supposed to focus on servicing the wind farms in the north Sea and other areas. 4 years later and the directors have flipped from one failed strategy to another.

    Today the sp sits at 50% less than it did when they sold off serl for a derisory sum. Basically the directors have wasted shareholders money and added zero value to the business.

    I thank God that I sold out after they messed up the serl deal. I genuinely wouldn't let these incompetent manage my shopping list! By indaknow
  • Shoot the proof reader? by Patrick K Murphy
    Tue, 02 Jun 2015 22:20:00 GMT

    SeaEnergy (LON:SEA) was the sector's biggest riser after it said although current conditions are challenging it expects to achieve operating performance before any non-recurring items broadly comparable with 2014.
    RISER????? That should read faller.
    Having said that, I do feel that the drop in price is overdone (as often happens) which is why I doubled my (small) stake, By Patrick K Murphy
  • FK
    Wed, 25 Nov 2015 18:40:03 GMT

    Check out ShareProphets Tom Winnifrith, he gives a frank opinion on these type of stocks. BOL
  • I waved goodbye
    Wed, 25 Nov 2015 11:47:58 GMT

    this morning to my punt on this after following the Daily Mail Tip for the new year. It was up 30% at one stage and I should have bailed. Oh well never to late to jump ship and a salutary lesson for me to cut my losses when my investment runs out of steam.
  • and the management.
    Wed, 25 Nov 2015 11:05:54 GMT

    look weak
  • can they avoid
    Wed, 11 Nov 2015 12:47:50 GMT

    a placing?
  • entrepreneur Steve Remp
    Sun, 08 Nov 2015 08:42:25 GMT

    19:31Saturday 07 November 2015
  • Video interview with CEO
    Fri, 06 Nov 2015 15:11:29 GMT
  • Another RNS..still can't be arsed
    Fri, 06 Nov 2015 07:33:52 GMT

    No improvement, no contracts, just not getting the work.
  • RNS..can't be arsed to read it
    Tue, 03 Nov 2015 14:25:59 GMT

  • DELUDED!!!
    Thu, 22 Oct 2015 20:09:42 GMT

    MM are deluded if they think that a 40% spread ( 5-7) will attract buyers.
  • Interim Report Summation
    Mon, 19 Oct 2015 09:19:55 GMT

    Having viewed past two IR statements on turbine sell off, marine exit and dry wells, it would appear as stated that all we have left is VAM - which dosn' t stand for "Very Astute Management"
  • sensible rns
    Fri, 09 Oct 2015 15:19:54 GMT

    says wot's clear
  • sea
    Fri, 09 Oct 2015 14:54:47 GMT

    No reason? don't they look at their balance sheet - Nice rise, shame about the spread.
  • Unbelievable
    Fri, 09 Oct 2015 14:04:41 GMT

    They don't want the share price to recover bit.
  • TW take on the Award Nom.
    Thu, 08 Oct 2015 10:00:37 GMT

  • Undecided!!
    Thu, 08 Oct 2015 08:44:20 GMT

    Is SEA rising due to the Company's holding in Lansdowne oil (up 12.5%) today OR have they developed 'legs' in their own right.