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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 0.27 140,440 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 2551 to 2575 of 3050 messages
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DateSubjectAuthorDiscuss
13/11/2020
16:43
I think on EME people were speculating betweem $20m - $30m for our 8.5% that would equate to $35 to $53, or £27m to £40m so it all equates to flat to £13m so Zero benefit to 6 bagger on mcap imho
currypasty
13/11/2020
15:07
Curry you still looking for calculator? Reckon they need $225m for Duyung then for us to clear debt and running costs. Seen $400-$500m quoted for asset sale so $450m would be double and leave us with £27m in bank for company compared to current mcap of c£2m! Upgraded by 5 bagger to 10 bagger lol...
blueblood
13/11/2020
11:38
a few calcs on sale of Duyung... what do you think ?? roughly assuming 1.1 euro = £1, and $1.3 = £1 obviously exchange differences leading up to due date will have effect Apr 2022 Eurobond repayment due, of e22.5 +5% / year sp if compounded for the full term will be e26m = £23.7m Apr 2021 and Apr 2022 5% per year on that tranch, e1.125 + e1.125 = £2.05m Overheads stated at $1.3m / year, so say 1.5 years = £1.5m so to get to Apr 2022, they will need £27.25m back in a bit to work out what they may get on sale...
currypasty
13/11/2020
11:03
For some reason they have tweeted that they have an experienced BOD lol. All of the replies have been uncomplimentary. Parsons has been likened to a used car salesman at best.
digger2779
13/11/2020
09:27
I know we dumped Bula but no mention of Malaysia either in that presentation. Not sure the point of it really as adds little and no Duyung update.
blueblood
12/11/2020
12:06
https://twitter.com/CoroEnergy/status/1326083432443748352 Today's tweet is inviting shareholders and potential new investors to review the renewables presentation at the website hxxps://www.coroenergyplc.com/media/2228/coroenergy-retail-2020-q4-final.pdf Seem to be pushing this side of the business. All quiet on the Dingdong side despite EME latest rise.
digger2779
12/11/2020
09:40
Not sure why these are being marked back up as something stirring around Duyung imo
blueblood
11/11/2020
16:57
They can pay themselves a good wedge as soon as the sell Duyung and pay off the debt!
blueblood
11/11/2020
16:45
Trouble is they like paying themselves a good wedge and if they want to keep it going they just do a fund raise. Parsons is known for shareholder destruction elsewhere so I've read.
digger2779
11/11/2020
16:42
Everything pinned on Duyung sale agreement by April. That's why I can't get frivolous spending on renewable punt at this stage. Surely they aren't completely stupid???
blueblood
11/11/2020
16:20
from last results " I am pleased to report that as a consequence the Company now runs on an annualised corporate overhead cost budget of $1.3m, a fraction of its 2019 level of $4.0m." "The Group ended the period with cash of $3.3m (excluding cash recorded within assets of the Italian disposal group held for sale). As explained further in the notes below, whilst the Board considers that its existing cash resources will provide sufficient working capital to meet the Group's requirements until April 2021, when the second annual coupon payment becomes due on Tranche A of the Company's EUR22.5m Eurobond, the Group will likely need to raise additional funds thereafter, during the going concern forecast period, in order to remain a going concern. " Final results not till next April, so I guess they are off the hook 'going concern' wise till then.
currypasty
11/11/2020
16:12
yes, that's right blueblood, Ive just had a read, redemption is due April 2022, of EUR 22.5 m, plus interest of 5% per year on half of the bonds (tranch b) so that's about eur 24m due. On the tranch A its 5% per year, so EUR 1.125 m due in April next. Like you say, how can they spend 500k, when 1.1m due in 5 months.
currypasty
11/11/2020
15:57
Debt isn't due until April 22 but interest payment of c£1m due in April 21. Not sure why they have spent $500k on renewables at this point unless they are confident of asset sale being agreed before April!
blueblood
11/11/2020
15:49
ha ha nice one!
currypasty
11/11/2020
15:23
curry - don't think I'll get a reply to this " What is the point of this tweet? When is the debt due and how do you intend to pay it? Sale of Duyung dragging on and the share price has lost 93% of it's value in just over a year!! Please explain yourselves"
digger2779
11/11/2020
15:19
ask them on twitter when the debt is due, and how will they repay it? or ring them up, give them some grief...lol
currypasty
11/11/2020
15:17
Pointless tweet today - sorry yesterday. My phone doesn't get timely updates as I live in manana land. https://twitter.com/CoroEnergy/status/1326118663624282113
digger2779
11/11/2020
15:15
I agree that this could/should multi bag on Duyung sale that's why I bought in and why I have added to my holding.Still cant buy today though but can now sell 2.5m.
10owen
11/11/2020
15:09
So we are now valued just under £2m! Clearly something is way out either Duyung gets sold and we repay debt hopefully with quite a bit left over or we are in trouble. Is the debt secured on asset only? At current rate we would be valued higher even if we lost Duyung to debt funder but highly unlikely imo. The upside case is easy 10 bagger for starters...
blueblood
11/11/2020
09:22
Topped up myself yesterday Blue.Strange market both days.Early on only 300k on offer.Once taken out @0.2375 could buy upto 1.5m.Now after the 600k buy can get none but can sell 2m.Go figure.Not convinced all yesterdays so called sells were actually sells but who knows.Still looking for Duyung to be sold soon Gla.
10owen
11/11/2020
09:12
Just had small top up after recent excitement and EME strength
blueblood
10/11/2020
16:22
Strange with all the sells can only buy 300k.
10owen
10/11/2020
16:20
someone keen to get out today
currypasty
10/11/2020
14:55
that would be insider dealing
currypasty
10/11/2020
14:08
Cos they know the sale situation better than anyone else. May not be what you think.There are few other large holders to dump stock. Could be Lombard Odier I guess.
mrzippo
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