(SEA) SeaEnergy

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SeaEnergy PLC (formerly Ramco Energy plc), a Scottish public limited company AIM listed under the ticker SEA, and its subsidiaries and associates form an energy services group, headquartered in Aberdeen, Scotland.For more background information, please visit the SeaEnergy website

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Fri 16:08	Re: Video Interview	PERPETUAL OPTIMIST


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Shareholders still anticipating: -expect news of a co-operation agreement with a major vessel owner, -Further progress on securing additional consulting resources -RFI progress and outcome schedule in client hands. It's a shame the broadcast did not maintain some consistency and directly give progress report on these three elements. Equally the presentation. Statements are vague and uninformative references to progress. The only positive was the suggestion of update soon. When is soon? Just to recap; September last year. 1)...Over the coming months, the Group will be securing additional consulting resources to develop this aspect of the business. 2) ...SeaEnergy is now in advanced discussions with a major vessel owner and operator to finalise the scope of a Cooperation Agreement 3) ...SeaEnergy has received a formal pre-tender Request for Information ("RFI") from a turbine manufacturer for a project and notification of another RFI to be issued imminently, as well as enquiries from two others. We are also responding to a request for a full logistics scope, including vessels, logistics support, and O&M strategy from another turbine manufacturer and have other enquiries pending. More View thread 2 Respond Login to Vote up
17-05-13	Video Interview	Ribz


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SeaEnergy will shed legacy assets and return money to shareholders John Aldersey-Williams, CEO of SeaEnergy (LON:SEA), tells Proactiveinvestors that the company now has three integrated businesses in marine, consulting and in offshore software services and support with R2S, the company it bought last year. John reckons R2S, which, he says, offers a type of 'Google Street View' for offshore installations, should prove popular with blue-chip international oil companies. John also says that the existing interests in the 'legacy' assets, like its 21% stake in Lansdowne Oil & Gas, are no longer core to the business and over time SeaEnergy will exit these and return a proportion of funds to shareholders. http://www.proactiveinvestors.co.uk/companies/stocktube/1994/seaenergy-will-shed-legacy-assets-and-return-money-to-shareholders--1994.html More View thread 2 Respond Login to Vote up
16-05-13	Presentation from AGM	neilio


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Thought it was disappointing. Few diagrams describing what we already now. More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
14-05-13	Re: Good feeling	neilio


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Nice little bonus. More View thread 3 Respond Login to Vote up
23-04-13	Re: Good feeling	PERPETUAL OPTIMIST


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Neilo- its more the fact of when will they get there. Seven odd months ago they implied they were well advanced. Obviously not the case, and raising questions about the proverbial "are we there yet" ? Obviously not. Gives rise to questions about whether they have even left yet. The BOD will have a lot to answer for if the next annual statement and AGM comes round and the "well advanced" partner issue turns out to be hollow hype. More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
22-04-13	Good feeling	neilio


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I've got a good feeling about SeaEnergy going forward. Profits on the way. I also believe the new maintenance ships although taking sometime will be a gamechanger for the company. Rome wasn't built in a day but once a partner is found then contracts will follow. More View thread 3 Respond Login to Vote up
17-04-13	Re: CONFIDENCE	indaknow


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The board have sat on the sale proceeds from SERL and added no value to the business in 24 months. The SP drift is exactly what was predicted. Every month that passes more of the proceeds from SERL are p1ssed away on the directors' remuneration. Brilliant! More View thread 2 Respond Login to Vote up
12-04-13	Re: SeaEnergy - remains on course - Edi...	PERPETUAL OPTIMIST


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The concern lies with the use of words "well advanced" seven months ago; a deal to partner with a vessel company. No news after a further 7 months suggests this is no longer the case, and with no update dents the credibility of the management. They are now hyping with no actual progress to show. More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
11-04-13	SeaEnergy - remains on course - Edison	Aled Waldo


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Is paid for research but still....valaution of 42p on SOTP SeaEnergy’s FY12 results indicate that progress is being made in establishing a company with a growing and sustainable earnings stream. Continuation of this trend in 2013, together with the potential for the sharing of profits on the disposal of legacy oil and gas assets, and in time the commencement of regular dividend payments, could help close the gap between our valuation and the current share price. http://www.edisoninvestmentresearch.com/researchreports/SeaEnergy110413update.pdf More View thread 2 Respond Login to Vote up
10-04-13	CONFIDENCE	PERPETUAL OPTIMIST


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The board are to blame for this slow deterioration of confidence. They portrayed the strategy favourably over 7 months ago and so far have not closed out whatever was well advanced. High salaries and misrepresented hype have eroded confidence. Down down down... they have themselves to blame. More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
05-04-13	RNS	PERPETUAL OPTIMIST


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Statement is rather vague. Chairman says happy with progress. For a company that made a statement September last year re well advanced Joint venture with major offshore vessel company; this is a whitewash. Whenever is something on their deal making ever going to materialise? Credability is wearing very thin now. More View thread 1 Respond Login to Vote up
16-02-13	Buy Re: Edison - 45p SOTP target price..12pa...	Go Han


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Good to see the company increasing efforts to get more information out to the wider public and investors. Hope to see more positive developments this year. More View thread 2 Respond Login to Vote up
15-02-13	Edison - 45p SOTP target price..12page n...	Aled Waldo	1


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SeaEnergy’s strategy of establishing a business to service the needs of the offshore energy industry is well placed to exploit the growth we expect in this market and at the same time deliver a less-volatile earnings profile than the company has experienced in the past. Delivery of a recurring earnings stream could enable the company to close the significant gap that exists between the current share price and our SOTP valuation of 45p/share. http://www.edisoninvestmentresearch.co.uk/researchreports/SeaEnergyOutlook150213.pdf More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
07-02-13	Re: SeaEnergy's model route to success i...	avb123


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One of the most postive bits of press on sea energy in a long time. More View thread 2 Respond Login to Vote up
06-02-13	SeaEnergy's model route to success in of...	SlagChops


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http://www.proactiveinvestors.co.uk/companies/news/53366/seaenergy-models-route-to-success-in-offshore-services-53366.html More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
05-02-13	Hold Patience	lordbletherington-smythe


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Because their major asset, bar none, is their holding in Lansdowne, their hands are tied until they can divest/sell their stake. Given it should mean a cash inflow of anything from £7mln to £100mln for them, it kind of makes planning for the future rather difficult. More View thread 1 Respond Login to Vote up
04-02-13	Re: WHEN WILL PAINT BE DRY	woodcroft53


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More smoke and mirrors while they continue to take fat salaries. More View thread 3 Respond Login to Vote up
04-02-13	Re: WHEN WILL PAINT BE DRY	PERPETUAL OPTIMIST


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Not really in line with the September time scale perception. Now the bog standard "exciting" forthcoming 2013. Still has potential, but the September statement gave the impression of something more imminent, especially wrt to discussions with vessel owner. -In the coming months... Secure additional consulting services... - Advanced discussions with a major vessel owner. - Enquiries. Now: In late 2012 we were invited to participate in the first of what we expect to be a number of tenders for offshore wind farm Service Operation Vessels. We are working to secure a joint venture with a larger partner which will both allow us to participate in several such tenders simultaneously and spread the capital cost of any vessels for which we successfully secure charters. More View thread 3 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
22-01-13	WHEN WILL PAINT BE DRY	PERPETUAL OPTIMIST


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Four months ago; it seems "in the coming months" could well be in the coming year. Advanced discussions obviously not so advanced after all.. Enquiries... at the mercy of client speed. Reassurance needed. Credibility will suffer if this pans out for too long. Either they are on track or the strategy has gone astray. What is reasonable interpretation on time frame of "coming months" and "advanced"? - In the coming months... Secure additional consulting services... - Advanced discussions with a major vessel owner. - Enquiries. More View thread 3 Respond Login to Vote up
07-01-13	Analysis	Tentative Predator	1


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I've cast my eye over this as it came up on my value screen. As of the end of August 2012: - mkt cap @31.5p is ~17.5m - cash ~7m, no significant debt - 21% of lansdowne owned, worth ~16m (@56p/share). The stated intention is to pay out some of the value over time, or use it for building more business. - R2S current turnover ~4m. Even assuming a 20% profit rate, that would only imply a 1m profit. And actually profits are likely to be ploughed back into the 'fast growing' business, so unlikely there will be distributable profits for a few years. - Offshore wind farm O&M vessels: this will be a drain on cash for a few years at least. And no distributable profit as they build it up. - Consulting: TBH, the "thought leadership" consulting sounds like a vanity project, I can't give it any value. - Operating expenses - for being a cash shell over H1, though presumably that did include all the efforts in setting up the >12m decrease in cash in H2 (7m cash returned and 5m buying R2S) - were 1.8m. Seems high to me. - If R2S hit targets, it's another 5m due out, so those better be awesome targets. I'm taking my usual very conservative view. So, in summary, they're building a new business from scratch by acquisition and effort, using the company assets. Likely next year (not current year) full year turnover could range 5m-10, I suspect 7m. By the end of that year I wouldn't be surprised if they've gone through the 7m cash. So being optimistic and assuming there's effectively a 10m turnover business here after burning current cash (which would mean turning 17m cash into a fast growing 10m turnover business), they'll still have the 16m in assets which leaves an asset backed company worth about 25m, currently valued at 17.5m. Take the standard fair value discount of 30%, and that leaves the company priced about right for now (until further news). That's mainly because there is no value given to the management in this analysis. If I'm wrong, and these guys really are 'thought leaders', the business is vastly undervalued. Not for me though, good luck to the holders. More View thread 1 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
18-12-12	Re: The most boring share ever	PERPETUAL OPTIMIST	1


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Patience!! From little acorns... If the new Director of Operations and Head of Project Delivery are worth their salary, then SEA should mature some sort of Strategic Progress in the short term. Unless their September statement has gone astray. Hopefully now just a case of dotting the i's and crossing the t's. - Secure additional consulting services... - Advanced discussions with a major vessel owner - Enquiries To recap; In September: Over the coming months, the Group will be securing additional consulting resources to develop this (Return to Scene) aspect of the business. ...SeaEnergy is now in advanced discussions with a major vessel owner and operator to finalise the scope of a Cooperation Agreement ...SeaEnergy has received a formal pre-tender Request for Information ("RFI") from a turbine manufacturer for a project and notification of another RFI to be issued imminently, as well as enquiries from two others. We are also responding to a request for a full logistics scope, including vessels, logistics support, and O&M strategy from another turbine manufacturer and have other enquiries pending. More View thread 2 Respond Login to Vote up
09-12-12	Is this the most boring share ever?	contrasena


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Actually,no.I have just strayed from some of the more exciting share sites in my "portfolio" into this grim site. I can tell you that the toy co. Character Group must be near the top in the Mega Boredom Stakes with BATM close behind. Unfortunately, I have shares in all three of these total DOGS! Not too much sympathy, please as other holdings make up for them. When is someone going to get of their a---s and make some MONEY!? C More View thread 1 Respond Login to Vote up
06-12-12	The most boring share ever	lordbletherington-smythe


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Is this it ? More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
05-12-12	Re: Boring, Boring, Boring	SlagChops


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Well, there's this.... http://finance.yahoo.com/news/liberty-energy-announces-bulgarian-asset-130000481.html We are excited by this further news of 11 trillion cubic feet of natural gas adjoining our exploration block in Bulgaria. At current prices this equates to over $35 trillion. We will be exploring ways to engage our partners on this project, and to identify a way forward with the project," ....of which SEA hold 0.1%. http://www.seaenergy-plc.com/oilandgas.html (d) Other Oil & Gas interests The Company holds a small royalty interest onshore Bulgaria, over acreage shortly due to commence production. It is expected that as the Bulgarian acreage moves into production and the royalty starts to generate cash flow that there will be buyers for the royalty. See the ADFVN thread for discussion. More View thread 2 Respond Login to Vote up
04-12-12	Boring, Boring, Boring	woodcroft53


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Need some earth shattering news to spark some life into this - directors taking nice fat salaries and f all joy for shareholders. More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
28-09-12	STRATEGIC PROGRESS	PERPETUAL OPTIMIST	1


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Now just a matter of making it work. ...Over the coming months, the Group will be securing additional consulting resources to develop this aspect of the business. ...SeaEnergy is now in advanced discussions with a major vessel owner and operator to finalise the scope of a Cooperation Agreement ...SeaEnergy has received a formal pre-tender Request for Information ("RFI") from a turbine manufacturer for a project and notification of another RFI to be issued imminently, as well as enquiries from two others. We are also responding to a request for a full logistics scope, including vessels, logistics support, and O&M strategy from another turbine manufacturer and have other enquiries pending. More View thread 1 Respond Login to Vote up
24-09-12	Re: On the move again	PERPETUAL OPTIMIST	1


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If hypothesis correct then just hope the cash is put to good use; Steve Remp tended to make non event statements such as "this has enabled us to fund "something"...uneventful. This has got to be meaningful and supportive of the strategy announced earlier in the year and which has seen little progress to date. Only 3 months left this year. To recap. We are currently working to secure a relationship with a partner, whose strengths complement our own..…we are currently negotiating a joint venture with a large vessel owning and operating company to market, build and operate vessels in support of offshore wind farms in Northern European waters. …We expect there to be a number of tenders for vessels of this type during the course of this year, and believe that we are well positioned to win this work. … identifying profitable companies whose services would complement the planned O&M-based business and which would benefit from the synergy opportunities gained from being part of a larger group. We have already identified a number of candidates and are working to secure our first acquisition. More View thread 2 Respond Login to Vote up
24-09-12	Buy On the move again	the old trout	1


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Some massive buys coming through today and also at LOGP. With Steve Bertram having resigned from the board of the latter I wonder if a farm-in deal has been concluded with SB stepping aside to allow the farm in partner a place on the board of LOGP? Hopefully the farm in partner will also be buying out SEA's stake for a nice premium. Tot More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
18-09-12	Re: How many shares sold?	secret name


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LoadsaDosh2 - My entire holding was sold?? Where your shares in a Nominee account? If so, what broker/bank did you use? Many thanks, More View thread 4 Respond Login to Vote up
18-09-12	Re: Nominee accounts and tender offer	secret name


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Did anyone apply for excess shares to be purchased via a broker/bank rnominee account? Is so, could you let me know if you had any excess shares purchased as I am having a dispute with HSBC nominnees and other peoples experience may be helpful to me should I need to go the the Financial Ombusman. Thanks. More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
13-09-12	EDINBURGH INVESTOR FORUM	papapapasmurf


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EDINBURGH INVESTOR FORUM - 19TH SEPTEMBER The directors of Nostra Terra Oil & Gas (AIM: NTOG), Ferrex (AIM: FRX) Bridge Energy and Green Dragon will be presenting in EDINBURGH on Wednesday 19th September. Venue: The Scotsman Hotel, 20 North Bridge, Edinburgh, EH1 1TR The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception Free to attend. REGISTER HERE: http://www.proactiveinvestors.co.uk/register/event_details/161 More View thread 1 Respond Login to Vote up
05-09-12	Resource upgrade	SecModEd	1


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RNS on logp site More View thread 1 Respond Login to Vote up
25-08-12	Re: I see no ships	woodcroft53	1


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I agree - they have robbed shareholders blind for years and thrown so many false leads into the mix. No value created at all for us shareholders in the past 5 yrs (or more) - a real dog run by a bunch of shysters. More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
24-08-12	Sell I see no ships	indaknow	1


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So still no ship chartered? Berty and Co must sit in Aberdeen and simply plan how to magic up another employee incentive to burn through the SERL proceeds. Remp and Berty should have fallen on their swords for giving away the family silver, yet Berty is still going strong delivering nothing of substance. More View thread 2 Respond Login to Vote up
24-08-12	Re: Market Cap	LoadsaDosh2


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Glad to be out with the 36p offer More View thread 5 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
24-08-12	Re: Market Cap	PERPETUAL OPTIMIST


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OK, so they have secured their first aquisition. What is next? Unless plans have gone sour there is more to come. The RNS could have been endorsed with some meat about the rest of the strategic plan. We are currently working to secure a relationship with a partner, whose strengths complement our own..…we are currently negotiating a joint venture with a large vessel owning and operating company to market, build and operate vessels in support of offshore wind farms in Northern European waters. …We expect there to be a number of tenders for vessels of this type during the course of this year, and believe that we are well positioned to win this work. … identifying profitable companies whose services would complement the planned O&M-based business and which would benefit from the synergy opportunities gained from being part of a larger group. We have already identified a number of candidates and are working to secure our first acquisition More View thread 5 Respond Login to Vote up
24-08-12	Oh Dear God What Next...??!!!	Baron Penfold Ward


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No further comment................. :-/ More View thread 1 Respond Login to Vote up
24-08-12	Re: Market Cap	Atrocity Exhibition


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What with the 3d talk is it part of a film studio special effects dept they bought? AE Have the dreams have changed.... I fell for the original spin about windmills hook line and sinker, and now its about taking photos and model making... Mind you, sperical photos at that... More View thread 5 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
18-08-12	Re: Market Cap	lavinia m	1


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They just spent 6.9m pounds on the tender offer so cash in the bank would be nearer 14m than 20m but SEA is still clearly undervalued. Cash = 14m . 25% of LOGP = 17.6m 14 + 17.6 = 31.6m = 57p per share . More View thread 5 Respond Login to Vote up
16-08-12	Market Cap	neilio	2


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SeaEnergy has over 20m in the bank and its share of LOGP is almost 20m yet its Market Capitalisation is under 18m. Seems a nobrainer to me. More View thread 5 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
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