Enquest [ENQ] - Updated Interim & FY Turnover (2022) - is the ENQ share ...

Serica Energy: H1 2022 Forecast Turnover (11th August 2022)

Now that Serica Energy [SQZ] have confirmed (9th August 2022) that they no longer intend to submit a firm offer for Kistos plc [KIST] and the reverse has also been confirmed by Kistos, we still need to consider what the likely H1 Results will be for Serica Energy. Has anything changed recently to alter my view of the likely turnover for SQZ - either for the half year to 30th June (completed) or for the full year (12mths to 31st December 2022)?

If you haven't seen my video (26th July 2022), you may wish to watch this first...

   

  Update (11th August 2022)

Now that things have settled down, it's worth checking the recent UK gas prices, for clues on the second half turnover and also for the com pleted first 6 months of the Serica financial year.

As you can see (above), the prospects for a positive pricing framework for the second half seems very likely. Incidentally, I've added vertical lines & annotation, to make the SQZ first half clear. We approach the winter, with the energy crisis very much on everyone's minds. The gas price, in the first 6 weeks of this second half period are clearly higher than the Q2 price levels (April-June).

In summary, if anything the turnover levels that I've calculated in the above video could well be too conservative. Had there been any recent (negative) announcements, regarding production, from Serica, then I might have had doubts but on current information I'm reasonably confident about my calculations!

Mick (11th August 2022)

How to Add a Stock Alert (LSE) - 2nd April 2019

Tutorial : Adding a Stock Alert - Using the LSE Website

Kenmare Resources (27th October 2017)

Kenmare Resources (KMR) - VideoCast

Recent News-Flow

Mick (27th October 2017)

Portfolio Review (23rd August 2017)

Mick Pavey Reviews The Active DIY-Investors Portfolios

In this short VideoCast, Mick outlines the recent changes in the 2017 Portfolios...

Join our community of DIY-Investors Here! 

Mick (23rd August 2017)

Serica Energy - Overlooked (16th Nov. 2016)?

Is Serica Energy(SQZ) - Being Overlooked?

DIY-Investors Inner Circle Members will be aware that I've mentioned Serica Energy before (See Part 2 of the Post from 7th June 2016), however, for those that like following trends, now might be a good time to take a fresh look...

As you can see from the graph (below), SQZ has had a good twelve months - breaking through the 200 day moving average and more than doubling in price.

Graph (SharePad - intra-day [16th Nov. 2016])

However, there are a few reasons why I think that Serica Energy may be worth a fresh look, such as:

• The OBV has stayed consistently strong over the past twelve months, not falling back as the share price has retreated periodically.
• The RSI is now towards th eoversold end of its range (at its lowest for more than 12 months).
• There seems to be a strong uptrend developing in the200 day moving average, mirroring the support line that I've added (in blue) on the graph.

With that said, let's have a look at the Sharescope Key Metrics...

Key Metrics

Key points to note, from the Key Metrics include:

• Low PE (3.1[h] and 4.9[pr])
• Rising Turnover (PSR still below 3)
• Positive ROCE (23%) last year
• Profits forecast to grow from £2.92m to £4.25m
• Free Cash Flow of £2.26m last year (77% of the pre-tax profit)
• No borrowings

News-Flow

Following pipeline disruption earlier in the year, oil and gas production from the Company's Erskine field resumed in early September.

As ever, DYOR!

Mick (16th November 2016)

Avocet Mining (AVM) - Breakout?

Breakout (28th April 2016) - AVM, Q1 Production Report

The RNS released this morning, by Avocet Mining, certainly produced a positive price reaction (see the Sharepad graph below):

The RNS (Q1 Production Report) is below:

This follows hard on the heels of the preliminary results, released just two days ago...

AVM - Preliminary Results (Summary):

Mick's View:

The combination of improved gold prices, the prelim and Q1 reports (above), should be of interest to all DIY-Investors in my opinion... of course, you'll need to DYOR and make up your own minds on that!

As usual, I'd be interested in your views, so why not leave a comment below?

Mick (28th April 2016)