SeaEnergy sees “a world of opportunity” for the company and its investors
July 2, 2014 1:02 pm
Having recently reorganised internally, as well as securing a contract with Mexico’s national oil company and as a ship management joint venture, it has been a busy period for SeaEnergy. Its CEO John Aldersey-Williams discusses these developments with Sara Walker, as well as the company’s attempts to return to profit. Mr Aldersey-Williams acknowledges SeaEnergy’s recent failure to be a profitable company, blaming the company’s previous restructure in 2012. However, he expects a profit (albeit a ‘small’ one) to be generated this year. ‘Cash engine’ is the label that Mr Aldersey-Williams have given the R2S strand of the company, believing that the two other strands (businesses in consulting and marine) are longer-term projects with the potential to be of the same fiscal importance as R2S. Internationally, he suggests that SeaEnergy has designs on branching out into West Africa, the Far East and South-East Asia, and hopes that the recently opened Houston office will trigger further growth in North America and Mexico. The CEO is also fairly non-plussed by the potential impact of Scotland gaining independence in the not-so-distant-future, stating that the impact on SeaEnergy would be ‘minimal’. When asked to give reasons why potential investors should consider putting money into SeaEnergy, he urged people to ‘understand the full story’ and see the growth potential across each of the company’s strands – prompting the assertion: ‘We have a world of opportunity available to us’.
The comments in this video do not constitute investment advice and IG accepts no responsibility for any use that may be made of them.
Having recently reorganised internally, as well as securing a contract with Mexico’s national oil company and as a ship management joint venture, it has been a busy period for SeaEnergy. Its CEO John Aldersey-Williams discusses these developments with Sara Walker, as well as the company’s attempts to return to profit. Mr Aldersey-Williams acknowledges SeaEnergy’s recent failure to be a profitable company, blaming the company’s previous restructure in 2012. However, he expects a profit (albeit a ‘small’ one) to be generated this year. ‘Cash engine’ is the label that Mr Aldersey-Williams have given the R2S strand of the company, believing that the two other strands (businesses in consulting and marine) are longer-term projects with the potential to be of the same fiscal importance as R2S.
Internationally, he suggests that SeaEnergy has designs on branching out into West Africa, the Far East and South-East Asia, and hopes that the recently opened Houston office will trigger further growth in North America and Mexico. The CEO is also fairly non-plussed by the potential impact of Scotland gaining independence in the not-so-distant-future, stating that the impact on SeaEnergy would be ‘minimal’.
When asked to give reasons why potential investors should consider putting money into SeaEnergy, he urged people to ‘understand the full story’ and see the growth potential across each of the company’s strands – prompting the assertion: ‘We have a world of opportunity available to us’.
The comments in this video do not constitute investment advice and IG accepts no responsibility for any use that may be made of them.
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