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CORO Coro Energy Plc

0.114
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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 0.00% 0.114 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Natural Gas Liquids 6.71M -4.12M -0.0014 -0.79 3.27M
Coro Energy Plc is listed in the Natural Gas Liquids sector of the London Stock Exchange with ticker CORO. The last closing price for Coro Energy was 0.11p. Over the last year, Coro Energy shares have traded in a share price range of 0.114p to 0.425p.

Coro Energy currently has 2,866,858,784 shares in issue. The market capitalisation of Coro Energy is £3.27 million. Coro Energy has a price to earnings ratio (PE ratio) of -0.79.

Coro Energy Share Discussion Threads

Showing 7826 to 7845 of 8375 messages
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DateSubjectAuthorDiscuss
24/11/2023
21:18
"This transaction, timed as we move towards finalising our previously announced Vietnam funding arrangements with a view to initiating our rollout of the 50MW rooftop solar project"

Currently Coro has two solar installations rated at c. 5.4 MW

This deal is TEN TIMES BIGGER and worth over $30m .

At close tonight Coro had a market cap of UNDER $9m !!!???.....this has been silly for some time but it is now moving into the bizarre zone.

It would be even more strange if they had two well advanced projects in the Philippines worth $275m with two more in early stage development......no....wait a minute !!??

pavey ark
24/11/2023
17:37
I've calculated around Euros 35m back to bondholders. (includes interest and shares after a full Duyung disposal)

Let's hope they have the option to sell their full share of Duyung ($101m), before this financial year end. This would negate having to renegotiate an extension with bondholders. (Coro have said this is a possibility).

Then there's the cost for Coro's capital to first gas ($38m)?

So net to Coro after a Duyung sale could be around $28m which is not to be sniffed at.

Plenty of cash to move ahead with their renewables and possibly partner again with Conrad on some further upcoming gas fields which Conrad are currently developing once Mako deal is finalised. Remember that Coro had a big hand to play in developing Mako Gas Field to this commercialisation point.

This is all best case scenario in my opinion.

jason90
24/11/2023
15:12
Anyone know how much is owed to Bond holders at this point of time.. Is it around $35m??
bengal1
24/11/2023
11:10
Keep an eye on that Curry and let us know...first sign of any uptick could be a leak 🤞
lazarus2010
24/11/2023
10:01
doesnt look like anything soon from conrad


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currypasty
24/11/2023
09:13
Nor me so far Curry but there is a lot of potential for very significant gains once Duyung is sold and financing with Capton is finalised.Heres hoping anyway.
10owen
24/11/2023
09:05
TBH, its not been a great investment for me



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currypasty
24/11/2023
09:03
Your not alone with that wish Laz.Have you still got zillions of these with a capital Z?.
10owen
24/11/2023
08:58
They must be confident that the share price will be above 0.4p by June 24 and here's me hoping it will be above 1.4p by then!!
lazarus2010
24/11/2023
08:25
This is obviously very significant news.

The Vietnamese partners are willing to take a smaller share of a (potentially) much, much bigger cake.

Coro can now sell a sizeable part of their now 92.5% share to Capton and still retain 50%+.

Very reassuring that their partners in Vietnam are willing to take shares at a 67% premium and more when 100MW has been installed!!!

This business in Vietnam....built up on a shoestring budget... must now be worth more (much more ?) than the entire current market cap

pavey ark
23/11/2023
09:29
No argument that we are way undervalued that's why I keep topping up.Got a decent number now but will probably add a few more.
10owen
23/11/2023
09:17
I wouldn't hold your breath....this could be the deal of the decade and I doubt if it would make any difference to the share price.

There are any number of current shareholders who absolutely refuse to see ANY value in renewables.
The only way forward for the share price is to get Duyung over with and a big change in the shareholder base.

On a more positive (less depressing) note is that the current share price totally and completely ignores the massive value (current and potential)in the renewable side and is totally focussed on the never ending soap opera that is Conrad and the Duyung negotiations......opportunity !!??

Give Duyung away for the debt....call yourself "Coro: SE asian renewables"and the share price doubles immediately (at least) and a long orderly queue form outside your door with people wanting to give you money.......with Duyung ..all that debt..messy (stalled) negotiations ....not so sweet.

EDIT: I will obviously take all the gold anyone is willing to throw at DUYUNG !!!

pavey ark
23/11/2023
07:23
Let's hope so Pavey we need some good news to get the share price re rated.
10owen
22/11/2023
21:15
10owen, rather more confident that Coro and Michael Carrington can deliver ....as they have in the past.
Coro has absolutely no control/input at Duyung ...it's all down to Conrad.

The Capton Energy deal looks rather linked to the recent Mobile World "estimated at 50MW of rooftop solar capacity"
Capton Energy: "The funding proposal received is for Capton to buy into Coro's current Vietnamese solar projects and provide investment into Coro's project pipeline of up to 50 megawatts"

Coro does have a large pipeline of solar deals so perhaps not a direct connection with World Mobile but given the recent data coming out of SE Asia and the need/desire for renewable energy Capton is unlikely to be the only source of capital.....but I'm sure they are very interested.

One last point: I can't see Coro going chasing new 50MW deals without lining up the capital.....they have enough existing projects to go one at a time 3Mw-4Mw....so 50 MW suggests to me that things are moving along.

pavey ark
22/11/2023
19:52
The 4 months period of exclusivity re funding with Capton Energy is up a week on Friday.Hoping for positive news and not another drawn out Duyung saga.Gla.
10owen
21/11/2023
16:22
Barony, thanks for that.

Not much (anything?)new but good to see it all set out.

As we all know it's down to Duyung and they are saying c $100m to Coro if it goes well but I think most sensible investors would settle for the bond holders paid off and cash to move the rest of the deals onward.

pavey ark
21/11/2023
10:05
hxxps://x.com/coroenergy/status/1726892200561443098?s=61&;t=GTRW5CgFRbsqPU2b14N2vQ
barony
16/11/2023
09:58
Two new /potential wind farms in the Philippines !!
pavey ark
15/11/2023
16:31
Posted by CORO on their twitter X account
pavey ark
14/11/2023
10:42
echo rns

"Martin Hull, the Company's existing CEO, and James Parsons, the Company existing Non Executive Chairman, are both transitioning into the role of non-executive director "


another company parsons has destroyed

currypasty
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