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Longboat Energy Plc
(LSE:SEA)
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Rating:52Neutral
Price Target:
94.00 p
▲(2.73% Upside)
Action:Reiterated
Date:08/24/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn), partially offset by a cleaner balance sheet and improved 2025 loss profile. Technicals are supportive with the price above major moving averages, but near-overbought RSI tempers momentum. Corporate updates are positive around project progress and financing mandate, while valuation support is limited due to negative earnings and no dividend yield data.
Positive Factors
Debt-free balance sheet
Eliminating debt materially reduces financial leverage and interest-related pressure. The rebound in equity to 9.00m and assets to 10.91m in 2025 also provides a stronger base for progressing projects and securing future financing.
Negative Factors
No recurring revenue base
The absence of revenue means the company has not yet demonstrated a recurring operating engine or commercial scale. Until Malaysian assets reach production, results remain dependent on exploration success, transactions and external funding rather than operating cash inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Eliminating debt materially reduces financial leverage and interest-related pressure. The rebound in equity to 9.00m and assets to 10.91m in 2025 also provides a stronger base for progressing projects and securing future financing.
Read all positive factors
Longboat Energy Plc (SEA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£71.04M
Dividend YieldN/A
Average Volume (3M)283.40K
Price to Earnings (P/E)―
Beta (1Y)-1.10
Revenue GrowthN/A
EPS Growth76.87%
CountryUK
Employees10
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.07
Shares Outstanding70,339,110
10 Day Avg. Volume159,341
30 Day Avg. Volume283,402
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)4.73
Price to Sales (P/S)0.00
P/FCF Ratio-15.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.08
Revenue Forecast (FY)N/A
Longboat Energy Plc Business Overview & Revenue Model
Company Description
Operating as an integrated exploration and production firm, Seascape Energy Asia plc primarily seeks to acquire petroleum and natural gas properties. Its geographical focus for these acquisitions spans Norway, Malaysia, Southeast Asia, and the Uni...
How the Company Makes Money
Longboat Energy makes money primarily through upstream petroleum value-chain cash flows tied to equity interests in oil and gas assets and licenses. Its core potential revenue stream is the sale of hydrocarbons (oil, condensate, and/or natural gas...
Longboat Energy Plc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -14.95K | -7.41K | -10.48K | -10.30K | -30.06K |
| EBITDA | -4.37M | -5.67M | -3.85M | -2.58M | -11.40M |
| Net Income | -4.17M | -16.45M | -4.19M | -15.47M | -4.68M |
Balance Sheet | |||||
| Total Assets | 10.91M | 4.42M | 18.07M | 89.15M | 60.24M |
| Cash, Cash Equivalents and Short-Term Investments | 6.23M | 2.47M | 3.68M | 12.06M | 26.28M |
| Total Debt | 0.00 | 0.00 | 0.00 | 37.25M | 582.80K |
| Total Liabilities | 1.91M | 1.75M | 1.13M | 68.21M | 24.12M |
| Stockholders Equity | 9.00M | 2.66M | 16.94M | 20.93M | 36.12M |
Cash Flow | |||||
| Free Cash Flow | -2.78M | -4.01M | -6.78M | -7.58M | -29.31M |
| Operating Cash Flow | -2.75M | -3.93M | -6.62M | -7.57M | -2.32M |
| Investing Cash Flow | 3.75M | 2.09M | -3.64M | -43.08M | -9.80M |
| Financing Cash Flow | 3.02K | 1.78M | 2.03M | 35.18M | 31.34M |
Longboat Energy Plc Technical Analysis
Positive
91.50
Price Trends
89.13
Positive
89.56
Positive
81.37
Positive
Market Momentum
3.39
Negative
73.37
Negative
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SEA, the sentiment is Positive. The current price of 91.5 is below the 20-day moving average (MA) of 93.61, above the 50-day MA of 89.13, and above the 200-day MA of 81.37, indicating a bullish trend. The MACD of 3.39 indicates Negative momentum. The RSI at 73.37 is Negative, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SEA.
Longboat Energy Plc Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | £39.28M | -11.58 | -2.71% | 99.01% | ― | ― | |
52 Neutral | £71.04M | -15.26 | -46.66% | ― | ― | 76.87% | |
52 Neutral | £92.62M | -88.32 | -0.47% | ― | ― | 7.69% | |
51 Neutral | £83.73M | 131.62 | 0.55% | ― | ― | ― | |
48 Neutral | £34.95M | -20.46 | -7.42% | ― | ― | 51.66% | |
43 Neutral | £54.39M | -22.50 | -25.54% | ― | ― | ― |
* Energy Sector Average
GB:SEA
Longboat Energy Plc
101.00
21.00
26.25%
GB:ENW
Enwell Energy
12.25
-9.25
-43.02%
GB:BOR
Borders & Southern Petroleum
10.45
-1.15
-9.91%
GB:JOG
Jersey Oil and Gas
107.00
-19.00
-15.08%
GB:UPL
Upland Resources
3.15
1.80
133.33%
GB:CHAR
Chariot Oil & Gas
2.92
1.37
88.51%
Longboat Energy Plc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Seascape Energy Asia Names Interim Chair as Executive Chairman Takes Medical Leave
Neutral
Jul 6, 2026
Seascape Energy Asia plc has announced that Executive Chairman James Menzies will take an initial three‑month medical leave of absence following a cycling accident. Senior Independent Director Geraldine Murphy has been appointed Interim Non&...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Seascape Energy Asia reshapes board roles after director’s retirement
Neutral
Jun 29, 2026
Seascape Energy Asia plc has reshaped its board responsibilities following the retirement of long‑serving director Graham Stewart at the company’s annual general meeting on 25 June 2026. The moves fine‑tune governance as the comp...
Business Operations and StrategyShareholder Meetings
Seascape Energy Asia wins strong shareholder backing at 2026 AGM
Positive
Jun 25, 2026
Seascape Energy Asia plc reported that all resolutions at its 2026 Annual General Meeting were approved by shareholders, with each motion passing by an overwhelming majority on a poll vote. The strong support, including for special resolutions, si...
Business Operations and StrategyPrivate Placements and Financing
Seascape Energy Taps Macquarie for Debt Financing of Malaysian Gas Projects
Positive
Jun 25, 2026
Seascape Energy Asia has mandated Macquarie Bank Limited as sole structuring, technical and modelling bank to arrange debt financing for the development of its DEWA Cluster and fully owned Temaris Cluster offshore gas fields in Malaysia. The plann...
Business Operations and StrategyPrivate Placements and Financing
Seascape Energy Advances Malaysian Gas Projects and Secures Financing Mandate
Positive
Jun 25, 2026
Seascape Energy Asia has advanced its Temaris Cluster development in Malaysia, awarding all key FEED contracts, completing well design and targeting FDAP submission in Q4 2026, with first gas from the Tembakau field expected in 2028 at around 100 ...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Seascape Energy Asia Schedules AGM and Investor Presentation
Positive
Jun 24, 2026
Seascape Energy Asia has confirmed that its Annual General Meeting will take place on 25 June 2026 in London, with the audited report and financial statements for the year to 31 December 2025 available on its website. The meeting underlines the co...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Seascape Energy Asia Sets AGM and Investor Presentation for June 2026
Positive
May 28, 2026
Seascape Energy Asia has circulated the notice of its Annual General Meeting, scheduled for 25 June 2026, alongside its audited report and financial statements for the year ended 31 December 2025, which are now available on the company’s web...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.