anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

CAPITAL GROUP COMPANIES HAS INCREASED ITS HOLDING IN STERLING ENERGY
TO 86 165 000..........6.14%

SOURCE: RNS

Please note that any holdings by intitutional investors above 5% is significant and can not be disregarded. Now it is interesting.
I repeat: SEY is a top banana company for longterm investors

Best luck to all and to myself

georgetrio,

Sorry wrong thread!

AGM was in June, interims are on 22/09/2006.

Thanks Andy, looking forward to that.

Andy

PER below 4. How do you arrive at this number?.

churchill2,

Ooops, I meant earnings v market cap, as market cap is currently 280 million, and I expect 70 million earnings this year, more in 2007.

This appears too low to me, Max petroleum for eaxmple have a market cap in excess of 300 million, and no definate resources, and certainly no earnings in 2006.

Andy

I think you are confusing Revenues with Earnings. Earnings are calculated after all expenses have been subtracted. Estimated earnings for 2006 are 20 million divided by 1400 million shares equals 1.40p a share. That equates to a prospective PER of approximately 14 times at the current share price. Is that cheap or expensive probably only time will tell.

churchill2,

Correct, I should have said revenues.

I was wondering where you got 1.40p from, as I saw it on the other thread.

I was under the impression they would make more than 20 million this year, but time will tell.

I have just spoken to SEY, and queried why they are doiing Oilbarrel two days before the interims, and they have confirmed they are trying to release the interims before Oilbarrel.

If they do, they will be able to clarify some of their figures.

Andy

Average of Brokers Forecasts. Digitallook have something similar.

churchill2,

Ok fair enough, i think they may surprise on the upside as the price of oil has been higher than expected, but we have lost production too, so one may well cancel out the other.

There has been at least one lift since the cutoff for the interims.

What is going on here? More buys than sells again and sp drops to 19p!!!!!!!!!!
Last week, investor mops up 30m but sp falls back again, he must be a tad pissed off??

andysmith
it takes time sometimes to clear the bears but soon will be blue again. should be adding more at this rediculous price.

Oil price dips, so do earnings, therefore so does share price.

SWW,

Although I agree, the dip in the oil price seems to have effected SEY more than others recently, and I think it's overdone personally.

I am looking forward to the interims and the subsequent oilbarrel presentation with interest, now they have moved the interims forward!

Andy - I still think there is a lack of understanding amongst most concerning the royalty payments which is why it has been hit the hardest in respect of percentage mark down.

Frankly the last thing we want at these prices is interest from another Company because it's cheap, so I hope the results blow the analysts out of the water.

The really good news so far, (touch wood), is that there have been no interuptions in the GOM due to the weather.

not sure why a predator should be that interested in SEY

I think over time SEY will do VOG, well, how would you feel. lol
did anyone bought SEY at very early stage at around 5p? I wish got in early as i hold a modest amount. i always believe SEY will perform and deliver the goods.

cynic - you obviously do not have a good handle on this one then?

It is the CEO's intention to sell the Company if the Market fails to recognise it's worth.

The interims should be interesting, they arrive on Thursday.

SWW,

I agree, they need to clarify the royalty payments, and hopefully the interims will explain the payment structure better, and then as you rightly say, I hope they blow those analyst figures into next week!



georgetrio,

I first bought at 8p, and have averaged up at varying intervals since then.


Cynic,

In the immortal words of a certain John MaCenroe, "you cannot be serious!"

ANDY
LUCKY YOU, 8P is a very cool price, i got in at 18p,20p,then 25p but still good price

Profit forecasts for 2007 cut by 10m by brokers consensus forecasts not helping but again more buys than sells and down she goes, 14p at this rate and that would be forward PE 13, is that about right for oil and gas producers?
Good earnings expected with interims but was that factored in before the problems at Chinguetti? The next few weeks should be interesting, as Amvescap were accumulating when sp in 20's will they be back in for more at these prices?