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)

Where Next For The ASX (11th Feb. 2016)

ASX Down 2.3% Today

What do you think about "Where Next" For The ASX?

Mick (11th February 2016)

Make Space for SAL (1st Feb 2016)

Space & People : Trading Update & New Contract

The RNS released this morning looks interesting...

Summary of RNS Text...

New Contract Signed

• SpaceandPeople has signed a multi-year contract, which commenced on 1st January 2016, to manage promotional space at British Land's Drake Circus Shopping Centre in Plymouth. SpaceandPeople expects to extend this contract across 40 other assets, covering the majority of British Land's multi-let retail portfolio in due course.
• With a high quality vision for their venues, British Land has chosen SpaceandPeople based on the company's track-record in brand experience and outdoor marketing.
• Retail assets in the portfolio include Meadowhall, Sheffield; Ealing Broadway, London; Old Market, Hereford; Glasgow Fort, Glasgow; Fort Kinnaird, Edinburgh; Teeside, Stockton-on-Tees; Broughton, Chester; and New Mersey, Speke.

Matthew Bending, SpaceandPeople CEO, said:

"This is a significant win for SpaceandPeople, and will complement our existing business. Our team has a wealth of knowledge and we are looking forward to supporting British Land's vision of 'Places People Prefer' across the UK."

Trading Update

• Trading in the second half of 2015 was in line with management expectations. Management expects profit before tax attributable to shareholders for the year to be approximately £1.0 million. Whilst this is slightly below current market expectations, the principal reason for this is due to a timing difference following a decision to recognise an element of promotional revenue that is now derived from Mobile Promotions Kiosks ("MPKs") on the same basis as we recognise revenue from Retail Merchandising Units. This change has resulted in the deferral of £150k of net promotional revenues from 2015 to 2016. The decision to account for revenue in this manner gives management better sight of future revenue and will be the standard accounting treatment applied to this type of revenue going forward.
• During 2015 the new MPK concept was rolled out as planned with 46 units operational by the end of the year. A decision was also taken to accelerate our investment in France during the final quarter of 2015, in advance of the Immochan contract start date of 1 January 2016, which is expected to help drive revenue more effectively.
• Despite these decisions, basic EPS is expected to be in line with market expectations at 4.3p and as a result, the Board intends to propose a final dividend of 2.2p per share at the forthcoming Annual General Meeting. This is a 10% increase on the 2.0p dividend paid in April 2015.
• After the investment of £650k in MPKs during 2015, net cash as at 31 December was £0.75 million plus an additional £400k held in escrow (2014: £1.6 million).

---------------------  End of RNS Summary  --------------------------------------------------------------

This could be of interest to us DIY-Investors... what do you think?

Mick (1st February 2016)