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CORO Coro Energy Plc

0.0225
-0.0025 (-10.00%)
12 Dec 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 Shares Traded Last Trade
  -0.0025 -10.00% 0.0225 2,792,640 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.02 0.025 0.0225 0.0225 0.0225
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Natural Gas Liquids USD 3.26M USD 5.2M USD 0.0018 0.11 716.71k
Last Trade Time Trade Type Trade Size Trade Price Currency
14:23:27 O 397,510 0.0239 GBX

Coro Energy (CORO) Latest News

Coro Energy (CORO) Discussions and Chat

Coro Energy Forums and Chat

Date Time Title Posts
12/12/202417:04CORO ENERGY PLC - SOU35,946
29/11/202415:51Good newz465
28/10/202423:32CORO. Renewables304
02/3/202420:36CORO .... READY FOR LIFT OFF !!!!306
27/5/202106:16Coro Energy at the UK Investors Show2

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Coro Energy (CORO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:23:270.02397,51095.00O
13:53:080.02864,978205.00O
10:03:440.0340,00010.00O
09:44:220.0314,0173.50O
09:44:220.0376,00019.00O

Coro Energy (CORO) Top Chat Posts

Top Posts
Posted at 05/12/2024 00:08 by odillon
RadioShip

Lombard are not listed on Coro's website as significant shareholders. The only two listed are River Merchant Capital 9.45% and Novum Securities 8.32%.

Lombard may have a holding but not one Coro deem to be significant.
Posted at 02/12/2024 17:23 by digger2779
Something definitely smells. The share price is stuck at 0.00025 bid but I only get that price on a dummy sale of 1k shares! Anything above that and can't get an electronic quote. Loads of sales have gone through past few weeks to bring us down to this level but quoted bid remains static.
I'm still waiting for a reply to my email of 28th October to "info@vigoconsulting.com"
Maybe a few more of us need to start emailing company and brokers to find out what's going on or not?
Posted at 04/11/2024 09:33 by odillon
There is the pump and dump, when the price is pushed up artificially and those in the know sell up before a drop, but there is also also the poop and scoop where the price is pushed down artificially and those in the know sow seeds of discontent in the hope of buying shares at the lowest possible price before a rise.

I am hoping that when the pricing is finally revealed, and a value thus put on the Coro 15%, that it will be a pleasing value and the share price will wake up.
Posted at 22/10/2024 13:14 by luckygit
So rafboy, you said I was wrong in my assumptions of Coro. So tell us all when this pile of poo will see a rise in its share price as it's been down at bottom of it's trend for a long time now. Always interested in the facts. LG
Posted at 01/10/2024 08:36 by luckyabbeygale
From the LSE:

RE: Conrad Asia share price up - Duyung GSA imminent? CORO 20 BAGSToday 09:15
So 1000% rise should be the minimum.

FYI at £10MILLION still undervalues the Duyung in my humble view
Posted at 15/9/2024 15:37 by pavey ark
I certainly don't want to get into any kind of a bun fight and I am aware that I set up this board to try and get some appreciation and awareness of the importance of renewable energy and its vital importance to CORO and its shareholders.

The problem is that I suspect the majority of holders are still focusing on Duyung and if that is the case I can certainly understand the high level of selling and the very low share price.

I have had a number of conversations with management in the past and as I am interested in the renewable side these have been mainly with Michael Carrington.
However a question I asked of James Parsons was if the Renewables side was tied to Duyung and the debt.
The answer was that the debt deal was set up BEFORE there was a renewables business .....hmmmm....still not clear but events have shown that it looks like the renewables are not linked.......my opinion !!

If the debt and the long drawn out GSA was over the whole company I simply cannot see:-

1. After a long period of due diligence a Vietnamese bank has agree to fund their large rooftop solar deal.
2. The contractor in this deal would not have agreed to a two month deferred payment scheme up to $1m (without security).
3. The recent convertible loan is against the renewable assets.
4. The Philippine government continues to engage and grant wind service agreements.

The renewable business has an up and running 3.2MW revenue producing solar scheme and the Philippine wind mast has 70% of the required data for very valuable ready to build stage on three large wind farm projects.


Now if Duyung did not exist nor the debt that goes with it then Coro would be trading at many multiples of the current price ..........so although I suspect that the renewables are not linked to Duyung I can't be sure ......it looks like the sellers haven't separated them ???!!!
Posted at 11/9/2024 18:39 by helpfull
Oh! How rude?

Posted something similar on the Empyrean board.

The current price of 1,000scf in Singapore is US$10 at the moment.

The GSA agreement with Sembcorp suggests a 111,000,000scf daily production at Mako.

That would give an annual revenue of US$405 million, and at Coro Energy 15% share, an annual revenue of US$60.75 million or £46.7 million.

Allowing for the cost of getting to first gas, if Coro Energy received one years revenue for the 15% Mako share, a guesstimate can be made of the value of Mako to shareholders.

At 31 July 2024 the obligation under the Eurobond was £24.95m.

The convertible loan is about US$600,000 after 6 months.

Allowing also for 20% of sale value going to Euorbond holders that would leave Coro Energy shareholders with about £16.8 million.

Compared to a market cap. at close tonight of £2 million.

Positive points for Coro Energy are:

It could receive more than 1 years revenue for the 15% Mako stake ($81 million would give a residual £29 million).

The drag along with Conrad would ensure the best price would be received by all partners.

Singapore gas price in GSA might be higher than $10.

Coro Energy has the residual Renewables business.

Negative points:

The convertible loan has a mechanism to produce billions of new shares if there is another cash raise in the next six months. Best result would be to monetise Mako and pay off the loan in the next 6 months.

The Parsons legacy, Lombard, Spreadex and the current diectors.

As ever, you pays your money, you makes your choice.

Be careful.
Posted at 11/9/2024 15:06 by lazarus2010
Just checked Conrad's chart and it's clear that the investors over there like the news and they have 76.5%. share price is up c. 20% since GSA news released. Some skullduggery going on with the MMs over EME and Coro methinks, moreso with Coro since suspension ended.

Hopefully as others have commented, once MMs have played their games we should be looking at a healthy bounce!!
Posted at 10/9/2024 15:37 by digger2779
Very strange. I recall the day it was suspended and for a brief moment the share price stood at somewhere in the region of 0.00068ish just before the suspension was announced. I thought maybe the mm's got wind of suspension and slashed the price. This was the bid shown by interactive investor. The next day the share price was shown as 0.001366. Just weird this has dropped so much with the GSA being signed off and we are only awaiting for numbers on the door.

See a few biggies sneaked in at the death
Posted at 10/9/2024 10:41 by pavey ark
I consider that CORO is becoming more and more detached from Duyung.
If the final figures were available for the gas sale I would be quite happy for the debt to be cleared and Coro walk away.

I have said many times that in my opinion Duyung (with debt)is a dead weight.

Free of Duyung and the debt the share price would rise significantly.....obviously if there were a few dollars left over from the sale then all the better.

Back to today and it looks like there have been many more buys than sells so unless the mms are working a big sale then then things should improve....who knows!!
Coro Energy share price data is direct from the London Stock Exchange

Coro Energy Frequently Asked Questions (FAQ)

What is the current Coro Energy share price?
The current share price of Coro Energy is 0.0225p.
How many Coro Energy shares are in issue?
Coro Energy has 2,866,858,784 shares in issue.
What is the market cap of Coro Energy?
The market capitalisation of Coro Energy is GBP 716,714.70 .
What is the 1 year trading range for Coro Energy share price?
Coro Energy has traded in the range of 0.0175p to 0.29p during the past year.
What is the PE ratio of Coro Energy?
The price to earnings ratio of Coro Energy is 0.11.
What is the cash to sales ratio of Coro Energy?
The cash to sales ratio of Coro Energy is 0.18.
What is the reporting currency for Coro Energy?
Coro Energy reports financial results in USD.
What is the latest annual turnover for Coro Energy?
The latest annual turnover of Coro Energy is USD 3.26M.
What is the latest annual profit for Coro Energy?
The latest annual profit of Coro Energy is USD 5.2M.
What is the registered address of Coro Energy?
The registered address for Coro Energy is C/O PINSENT MASONS LLP, 1 PARK ROW, LEEDS, LS1 5AB.
What is the Coro Energy website address?
The website address for Coro Energy is www.coroenergyplc.com.
Which industry sector does Coro Energy operate in?
Coro Energy operates in the NATURAL GAS LIQUIDS sector.

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