Coro Energy Share Discussion Threads

[currypasty] 20/2/2019 11:02

shares presentation

[steelwatch] 19/2/2019 01:08

It's possible a placing was touted, but pulled in favour of the bond issue. Both James and Andrew may have toyed with the possibility, but plumped for the latter, reading between the lines of the presentation last week.

[xxx] 19/2/2019 00:33

@jaknife, have you got a link to that claim ?

[steelwatch] 18/2/2019 17:28

James Menzies, Chief Executive Officer of Coro Energy, has today purchased 1,000,000 Ordinary Shares in the Company at an average price of 2.184p

[steelwatch] 18/2/2019 14:22

Shares Magazine presentation last week - video:

[burtond1] 18/2/2019 10:48

@DDS_DocHoliday caught up with Andy Dennan CFO of @CoroEnergy to better understand the companies most recently announced news......Dennan clearly outlines the companies disinterest at issuing equity in #CORO at current levels.https://total-market-solutions.com/2019/02/18/coro-energy-cfo-interview/

[currypasty] 15/2/2019 16:55

I don't know where he is coming from. The average cost over the 3 year period is 12.5%. Where else can a tiny AIM oiler get that sort of cash from at that rate.

Its either debt, or issue confetti with massive dilution. I don't think they would have had a chance of raising that cash from equity at half the shareprice.

[sandcrab2] 15/2/2019 16:35

What's all this about death spiral financing with the Eurobond?

[currypasty] 15/2/2019 16:16

Dan levi, credibility.....lol

[soultrading] 15/2/2019 15:02

Is there any credibility to this placing rumor?

[apfindley] 15/2/2019 10:57

There are always huge placings on EVERY stock which the twitter Pumper group promote. They take part in the placings, so end up benefitting both ways, by pumping up the pre placing price and opening a short from which they're guaranteed to profit from as the price collapses to the placing price. And thrn they will still hold their "wholesale" price placing stock. Win-Win for them, but Lose-Lose for the lemmings which followed their pump but failed to exit.

[geordy2] 15/2/2019 10:33

Extract from today's newsletter "Finding Petroleum"

Over the last 6 months or so, I have heard some (typically bigger) oil & gas companies referred to as ‘Leaders’; and others – typically smaller-to-medium sized E&Ps – referred to as ‘Laggards̵7;.

What does a company need to do to ‘qualify’; as the latter?

As far as I can tell, there are 3 broad reasons, the first two of which can be discerned from information that can be found in Annual Reports:
1. Having potentially unsustainable amounts of Debt (or having diluted equity investors by frequent returns to them for more capital).
2. Enjoying Executive Remuneration that is not justified by Performance – indeed perhaps depends on and is funded by 1.
3. Appearing to be uninterested in Sustainability – as evidenced by not reporting openly on GHG Emissions, environmental ‘footprintR17;, social & community impact, corruption contamination……..
One, two or all of these seem to be in the minds of different groups – investors, investment advisors, activists.

But let’s start by thinking about the ‘digital generation’ whom these companies aspire to hire. Why would they (you!) join a ‘Laggard’; company where the CEO thinks it’s OK to earn 25+ times what you will earn? And where they trample all over the environment as well?

And if you’re an investor, why would you want your money to be in a ‘Laggard’; company as opposed to one of the ‘Leaders’;?

Perhaps if a ‘Laggard’; has a decent asset or two but is atrophying under the impact of some or all of 1., 2., and 3, maybe one of the cash-rich ‘Leaders’; is going to come along and gobble it up, but not at any sort of premium, the house being made of straw or sticks?? Perhaps a new period of consolidation is dawning…..

I think my colleagues at Kimmeridge Energy are right to make the case for Zero-Premium Mergers but not only in the US Onshore.

I’m making a little list!

David Bamford

[daniel levi bmd] 15/2/2019 10:17

FYI


Coro Energy £10M-£20M Placing! It's A Shambles!


Dan
x

[currypasty] 14/2/2019 08:43

cheers steel, seems to have done the trick up 5%

[steelwatch] 13/2/2019 18:08

There was a Q&A session today if you weren't aware:



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