Serica Energy (SQZ)

Sector:

Energy Producers

Index:

FTSE AIM 100

117.60p
   
  • Change Today:
      1.40p
  • 52 Week High: 206.80p
  • 52 Week Low: 114.80p
  • Currency: UK Pounds
  • Shares Issued: 393.03m
  • Volume: 2,348,910
  • Market Cap: £462.20m
  • RiskGrade: 160
  • Beta: 0.07

Serica completes reserves-based lending redetermination

By Josh White

Date: Wednesday 03 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Serica Energy announced on Wednesday that it has completed the first semi-annual redetermination under its $525m reserve-based lending (RBL) facility, increasing the borrowing base from $463m to the full committed amount of $525m.
The AIM-traded firm said the increase reflected its enhanced reserves and its recent hedging programme.

As of 26 June, Serica reported cash and cash equivalents of £301.6m and debt drawings of $231m (£182m).

As a result, Serica's liquidity now exceeded £500m.

"We are grateful for the support of our bank group in completing our first redetermination under the new RBL," said chief financial officer Martin Copeland.

"Serica's robust liquidity supports our ability to deliver on the two-pronged strategy of investing in our assets and executing on attractive merger and acquisition opportunities."

At 1428 BST, shares in Serica Energy were up 1.26% at 136.7p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serica Energy Market Data

Currency UK Pounds
Share Price 117.60p
Change Today 1.40p
% Change 1.20 %
52 Week High 206.80p
52 Week Low 114.80p
Volume 2,348,910
Shares Issued 393.03m
Market Cap £462.20m
Beta 0.07
RiskGrade 160

Serica Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.03% above the market average96.03% above the market average96.03% above the market average96.03% above the market average96.03% above the market average
97.10% above the sector average97.10% above the sector average97.10% above the sector average97.10% above the sector average97.10% above the sector average
Price Trend
59.23% below the market average59.23% below the market average59.23% below the market average59.23% below the market average59.23% below the market average
18.92% below the sector average18.92% below the sector average18.92% below the sector average18.92% below the sector average18.92% below the sector average
Income
92.93% above the market average92.93% above the market average92.93% above the market average92.93% above the market average92.93% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
86.96% below the market average86.96% below the market average86.96% below the market average86.96% below the market average86.96% below the market average
78.72% below the sector average78.72% below the sector average78.72% below the sector average78.72% below the sector average78.72% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serica Energy Dividends

  Latest Previous
  Final Interim
Ex-Div 26-Jun-25 24-Oct-24
Paid 25-Jul-25 21-Nov-24
Amount 10.00p 9.00p

Trades for 10-Apr-2025

Time Volume / Share Price
17:06 5,000 @ 117.60p
16:35 148,634 @ 117.60p
16:35 767 @ 117.60p
16:35 5,744 @ 117.60p
16:35 5,276 @ 117.60p

Serica Energy Key Personnel

CFO Martin Copeland
CEO Chris Cox

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