Jeremy Raper on his Serica engagement campaign (SQZ)

Jeremy Raper returns to the podcast to discuss his latest "engagement campaign" at London listed Serica Energy (SQZ). In particular, he focuses on why Serica is trying to rush through their most recent deal and why shareholders should consider voting against the share issuance at the meeting next week.   Jeremy's letter to Serica: https://rapercapital.com/wp-content/uploads/2023/01/open-letter-Serica-Board-1.pdf  All of Jeremy's engagement campaigns: https://rapercapital.com/engagement-campaigns/   Chapters  0:00 Intro  2:30 What's happening at SQZ  8:45 SQZ's past deal rejections and timing on this deal  15:45 Why an "accretive" deal does not necessarily create value  17:30 How this deal insulates management and discourages shareholder feedback  22:05 Discussing SQZ's shareholder base 27:30 How this deal gives away a controlling stake in Serica for free  30:00 What should shareholders who don't like this deal should do  32:20 How Serica management will respond if the current vote fails  36:05 Providing an update on the coal trade  47:35 Discussing Unit Corp (UNTC)