Just a robot trade....but why, doesn't seem to make sense...but what does with SEY!

.

Seems to have been such a long time since we had any release from SEY...perhaps they are to busy enhancing shareholder value to let us know what is happening to what's left of the company :-/

.

Almost 1.5 million traded so far today.

ps laughed enough for today mnamreh :-)

.

Cheers, you too.

N,

Don't be so abusive.



8-)

... _ _ _ ...

Sudden burst of shares trading within last week ???
Half yearly report is due out - probably within the next two weeks.

Perhaps some good news at long last ???
- or could it possibly be that Afren , or Shell, or other oilers are buying SEY ,
as two SEY very large license areas off shore Madagascar are not too far from
Cove offshore gas - ( Tanzania / Mocambique ).
Shell and others seem to be presently in an auction to buy Cove.

Cash in SEY bank is probably worth 33p per share at a guess -
the whole business excluding cash, is valued at about 4p per share at a guess.
Could be a fair punt at 37p, for risk takers.

Present market capitalisation at 37.50p is stated as £82.00 million
say cash in SEY bank was / is now $115 m or about £73.71 million
_____
All business excluding cash is valued at £ 8. 29 m

219 million shares - Cash is worth 33.655 p per share
Other business interests 3.785 p per share
______
37.44 p

Not much downside risk if all oil licenses fail - any comments. Am i wrong !!

About time we had some chart's and link's to company website put on the header rekirkham

$120 million in bank = £77.49 million cash in bank
Market capitalisation at 37.50p £82 million
Business excluding cash in at £ 4.51 million
Business ex cash valued at 2.06 p per share *
Business cash valued at 35.38 p per share
*( excluding tax liability )

AFREN - TAKE SEY AS A GIFT ---- Take SEY for almost nothing

SEY has $120 million in bank = £77.49 million
SEY market capitalisation at 35.5p £77.74 million
SEY business interests excluding cash £ 0.25 million


SEY share price at 35.50p represented by cash 35.25p
SEY share price value of business interests .25p
( Excluding taxation )

Almost no downside risk now to a SEY share buyer at 35.50p

and upward potential almost for nothing

A bit of life.
Any move has to be cracking....

Today a few buyers and share price is coming back to life
Perhaps someone knows something that I do not ?
Price moved up from 38p where it has been for months to 40p

?????????????

I do not know what is happening but share price is beginning to show signs of life.
I think someone may know something, as a bit of buying now taking place.
Hopefully some good news may be announced soon ???????
Maybe the time to buy SEY is now -
very little downside risk - perhaps 3p only as plenty of cash in SEY bank ???

Have a look at SEY trades today
All buys no sells
Is this insider trading - somebody knows something we do not !!!!!
Perhaps I may advise LSE - I will continues to wait and watch

certainly being ramped.

It was disaster over the last five years, always spent and failed....

They just need one success to make it jump a couple of folds.

Madagascar off-shore licenses would slot in nicely by
the side of Afren on-shore license area at very little cost.

Cash in bank $107m or £66.875m
SEY market capitalisation £52m
So is business worth - minus £15m ???

Some possibilities of drilling next year - Somaliland etc.
A share that has not dropped in the current market much
and that has been supported by its cash in the bank.
Looks like a fair bet on any future oil finds
I still hold on to 50,000 shares