Serinus Energy NPV (SENX)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 9.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 2,150.00
  • 52 Week Low: 8.50
  • Currency: UK Pounds
  • Shares Issued: 110.80m
  • Volume: 100,267
  • Market Cap: £10.80m

Serinus Energy H1 losses widen on Covid-19 hit

By Iain Gilbert

Date: Friday 14 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Exploration and production company Serinus Energy said on Friday that losses had widened in the six months ended 30 June.

Pre-tax losses widened 258% to $12.9m despite the group more than doubling interim revenues to $13.3m, as the improved income performance was offset by higher royalty and production costs and asset depletion and depreciation.

Funds from operations surged 207% to $4.3m.

The AIM-listed company lowered production expenses per barrel throughout the period to an average of $8.68, almost half of what it was a year earlier, as a result of a significant decline in commodity prices during the half.

While capex ballooned 93% to $3.1m, Serinus noted that the "ongoing uncertainty" around Covid-19 and the difficulty in moving personnel and equipment, all future capital investment pl ans had been postponed and would only be allocated to ensure "safe and continued" operations at its production facilities.

Operationally, Serinus' Romanian 3D acquisition programme, due to be completed in the first half of 2020, has been postponed due to Covid-19 restrictions, while production increases in Tunisia were "lower than anticipated" as a result of lockdowns stemming from the pandemic.

As of 0840 BST, Serinus shares were up 4.35% at 6.0p.

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SENX Market Data

Currency UK Pounds
Share Price 9.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 2,150.00
52 Week Low 8.50
Volume 100,267
Shares Issued 110.80m
Market Cap £10.80m

SENX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.96% above the market average45.96% above the market average45.96% above the market average45.96% above the market average45.96% above the market average
53.09% above the sector average53.09% above the sector average53.09% above the sector average53.09% above the sector average53.09% above the sector average
Price Trend
81.42% below the market average81.42% below the market average81.42% below the market average81.42% below the market average81.42% below the market average
70.45% below the sector average70.45% below the sector average70.45% below the sector average70.45% below the sector average70.45% below the sector average
Income Not Available
Growth
50.50% above the market average50.50% above the market average50.50% above the market average50.50% above the market average50.50% above the market average
37.25% above the sector average37.25% above the sector average37.25% above the sector average37.25% above the sector average37.25% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SENX Dividends

No dividends found

Trades for 27-Jan-2023

Time Volume / Share Price
16:35 20 @ 10.00p
16:28 100,000 @ 9.50p
16:24 247 @ 9.60p

SENX Key Personnel

Chair Łukasz Rędziniak
CFO Andrew Fairclough

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