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Share Name Share Symbol Market Type Share ISIN Share Description
Coro Energy Plc LSE:CORO London Ordinary Share GB00BDCFP425 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.27 0.26 0.28 0.27 0.27 0.27 4,326 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -5.8 -0.7 - 6

Coro Energy Share Discussion Threads

Showing 2526 to 2550 of 3050 messages
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DateSubjectAuthorDiscuss
10/11/2020
12:52
Why would Conrad sell when they will get multiples of this price when the Duyung sale is completed ?.
10owen
10/11/2020
12:46
Conrad selling down?
mrzippo
10/11/2020
12:44
That didn't last long lol
digger2779
09/11/2020
11:34
Looks encouraging
digger2779
02/11/2020
08:42
Very good, fresh team onboard and eager to prove themselves. Some shovel ready projects cannot fail to make money in the energy business.
allinforabigprofit
02/11/2020
08:33
Nice to see a tick up this morning. Worth a look at the website of this new investment:www.ion.ventures
nithbank
02/11/2020
08:07
De ja vu. I think that's German. Doesn't matter. Is Parsons going to offload on Coro Energy again? Ion ventures. Isn't that the Corcel baby? Worked wonders there. Coro have got the "shovel ready" tag already. Is this Italian assets all over again? You can fool mug punters once and you can fool them twice and again and again. Be careful.
helpfull
02/11/2020
08:02
https://uk.advfn.com/stock-market/london/coro-energy-CORO/share-news/Coro-Energy-PLC-Acquisition-of-interest-in-ion-Ven/83580652
currypasty
30/10/2020
10:55
Yes, I did wonder that... pay over the odds in interest in cash or shares, and just extend the deadline... and blame corvid I bet! That gives some breathing space on sale of Duyung, but if its not sold, they are then on the hook for % development costs, and as I see it no way of funding that. Interesting Conrad still has 7% coro shares.
currypasty
30/10/2020
10:49
Curry - regarding the debt, see the most recent SOU announcement. Likely CORO will go down a similar route, i.e., a can kicking exercise involving some dilution, the common denominator being Marco Fumagalli.
steelwatch
30/10/2020
08:34
its a great presentation, and a prudent move, but they completely avoid the question of how they will fund this. Likewise there is no mention of the looming debt repayment in not many months time. The only way forward IMO is that they will have sold Duyung before the debt is due.
currypasty
30/10/2020
08:16
https://www.coroenergyplc.com/media/2211/coroenergy-retail-2020-q4-final.pdf
nithbank
29/10/2020
15:58
Plan emerging to use Mako as a platform to move into SE Asian renewables, if I've read this right: https://www.coroenergyplc.com/media/2211/coroenergy-retail-2020-q4-final.pdf https://twitter.com/coroenergy?lang=en
steelwatch
16/10/2020
20:36
I think both Serica & Cairn are well run companies. Both have some upside and could have a good run if oil prices recover. Perhaps balancing that with some of these high risk plays is not a bad idea for oil sector investing. But I would keep the exposure to these high risk bets quite small relative to the 'proper' companies.
mrzippo
16/10/2020
17:58
Are there any companies in the area you would recommend Mr Z as I have some cash to invest.
10owen
16/10/2020
17:50
I follow all the Companies active in the region. Investors just need to be careful. Easy to think a share is cheap because its at a low historic price. Reality is it could be worth zero. But as you say, if they pull a rabbit out of the hat, then it could be worth something. As long as risks are understood.My guess is that Coro will need some cash soon. To raise it they need an equity story. Syspect they may dream up some new 'pot of gold' story to get that done.
mrzippo
16/10/2020
17:39
Just back from my local.What is your interest in the regions e&p business Mr Z because on the face of it you seem to want to talk the value of this share down.
10owen
16/10/2020
16:50
Not a great price in context of recent Indo pricing and a remote development. Though Singapore will remain the prime target market, Indo wont let that happen without taking what they want first. And at $6, it might be all of it.
mrzippo
16/10/2020
16:20
the cap on gas prices is set quite high, $6
currypasty
16/10/2020
15:44
Singapore market close at hand. We have been told that is the main target market: https://www.coroenergyplc.com/our-asset-portfolio/south-east-asia/duyung-psc/ https://www.oedigital.com/news/478783-conrad-mako-discovery-one-of-largest-ever-in-west-natuna-basin
steelwatch
16/10/2020
15:34
Fair enough.Coro need a gross sale price of more than $170 mill, to clear debt. There will be tax to pay on that so probably closer to $190 mill. Indonesia will want some or all of that gas and they are passing legislation to limit gas prices. Not good.Youre right that I'm not invested, but have an interest in the regions e&p business.
mrzippo
16/10/2020
14:22
You may prove to be right Mr Z that's where I guess the risk/reward plays out. I think the original coro deal valued the asset at slightly more than your number but not that much at 102m but of course since then the resource figures have been significantly increased and classified as the largest undeveloped gas resource in the region. If your right I will lose money if not I make money.I am comfortable with my investment but not complacent enough to know that there are no sure fire things. I guess from your comments your not invested so nothing for you to worry about but you are right this is not without risk.
10owen
16/10/2020
13:43
$40mm implies a gross asset value of around $270 mm for the discovery. Coro's original deal valued the asset at around $95 mm. Since then they have successfully appraised it, but I would think a value in this new world of $270 mm is pretty challenging.Coro need to sell for $25 mm as a minimum just to repay debt. Even then the equity value would be zero. Tough pisition.
mrzippo
16/10/2020
13:40
People with shares to sell. Buyers of these shares today can expect a 50%+ dilution of their holdings when the necessary cash raise materializes. Someone is trying to reel in the mug punter. Don't get caught holding. Be careful.
helpfull
16/10/2020
13:11
Sorry guys, this is my fault. I am invested in EME and the $20m was the figure I had in my mind conservatively for EME's holding. I have edited my post to $40m for Coro.
showmethemoneyhoney01
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