jnknill
- 16 Jan 2004 16:13
Can anyone give me information on this stock? Would appreciate.
ringos_tar_2000
- 26 Jan 2004 12:17
- 8 of 11
Oh! I forgot.
They also now look very attractive in respect of any takeover of them!
Maybe one of the bigger Giants is already looking at them?
If you recall from the Fusion takeover, other interested buyers of Fusion needed more time to look at the figures before making a counter bid.
I suppose that there is always a chance that they have now had time to do that, and also the other Sterling assests.
The Company is definitely under valued by a long way, so it looks prime to me.
jnknill
- 26 Jan 2004 16:30
- 9 of 11
According to the info which I have been reading, particularly @ Citywire(Edmond Jackson, "ringos_tar_2000" appears to be on the road to follow! The main points which I am seeing are 1) The City preferred the Management of SEY rather than FOG. 2)FOG had a good portfolio BUT the Institutions could NOT see a viable Growth Plan and hence, were happier to back SEY. 3)The current Mananagement @ SEY have proved on at least two previous occasions that they are very adept when Acquiring, Portfolio Expansion AND @ the right time, Selling-on! Bearing in mind several other points made---a "winner" perhaps. Thanks for the input on this stock. Good Luck & keep digging!
ringos_tar_2000
- 30 Jan 2004 08:35
- 10 of 11
Looks like the answer is expansion!!!
They have announced the purchase of gas fields in the Gulf of Mexico, and on shore production installation which having sold the gas will net them $1m per month net.
Does not say how much for but finanaced by company funds and bank loan.
Deal completes on 26th February
jnknill
- 30 Jan 2004 12:19
- 11 of 11
Morning ringos_tar_2000. I am very interested in this latest deal. It appears that SEY really do have a pre-conceived plan AND they intend to follow it to, in the Management eyes, a fruitful conclusion. Looks as though my "delving" has not been for nothing BUT IMHO you seem to be the "quickest on the draw". Good Luck and Keep Digging!
http://SEY