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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jadestone Energy Plc | JSE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.25 | -1.03% | 24.00 | 10:27:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 24.25 | 23.75 | 24.30 | 24.25 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 08/11/2024 19:17 by yasx One thing that needs curtailing is the dismissive, flippant approach by PB when addressing issues.As for just selling up, although I accept it is illogical to hold a position when not supportive of management, I take the view that in more capable hands the assets could be managed far better thus delivering both underlying value and one would hope the shares would rise to reflect that.It is my hope that Tyrus and/or others push PB out - one hopes there is not morevto PB being retained than meets the eye. With PB one just has a sense that at any point a surprise announcement might come out that turns the entire business upside down. Rather than investors selling up, perhaps PB can go (and take his ridiculous glowing smile with him). |
Posted at 08/11/2024 16:06 by nigelpm I would agree with that criticism Yas. There is form for it but if investors don't like it they should simply sell up and walk away. No point in investing in something you have no faith in. |
Posted at 08/11/2024 14:39 by puzzler2 I've e-mailed Jadestone Investor Relations today:"I note from your RNS dated 17 September, in connection with the Akatara facility, that the following statement was made: "Production has been recently curtailed by a small mechanical issue in the gas processing facility's refrigeration compressors, with repairs underway. These repairs and their associated cost remain the responsibility of the EPCI contractor." Are you able to confirm please that all such repairs are now complete and that Akatara is producing at its planned capacity?" Now will I get a reply? |
Posted at 31/10/2024 15:44 by mount teide yasX - with respect, some high quality research will reveal the field was abandoned as a result of the 4,000 to 5,000 bopd production level no longer supporting the operating cost after the oil price dropped to average $25/bbl during 1999 to 2001.At $75/bbl Brent, the light oil field, where the production commanded a premium to Brent was highly profitable at that production level. 'Anyone that looked into Adv knew the probability of a commercially successgul hit was less than 30pc at best - read the reports from back then.' For your comments to be taken seriously please post evidence/a link to such reports since many good investors at the time carried out decent research and I don't recall any posting links(even the trolls) suggesting anything remotely like a 30% at best CoS. |
Posted at 31/10/2024 13:35 by oilinvestoral Exactly but XEL is one that is fresh in the minds of some investors as it went from being worth hundreds of millions to zilch! Once again, it's nothing to do with the size of the companies but the outcomes for shareholders! How would he even answer "what is your proudest career moment at a listed company?" That would've been my first question in an interview after seeing the dross that litters his CV! |
Posted at 31/10/2024 09:58 by oilinvestoral "In this respect, as for the new CFO only having O&G micro/small cap experience - so does Arrow Exploration CEO Marshall Abbott. I doubt few if any PI's could name one of the previous eight small caps that Marshall took over or started from scratch,"--------Mr TeideApples & oranges ! Unfortunately UK based investors can name every miss-step that the companies our new CFO worked at with a great level of detail and therein lies the problem.... I'm not saying have small cap experience is a bad thing! I'm saying having the likes of XEL on your CV is an unmitigated disaster! If I was interviewing him, that's where I would've discontinued the discussion.... |
Posted at 30/10/2024 12:29 by mount teide After headhunting PB to run Mitra/Jadestone, very much doubt PB will have made this CFO appointment without Tyrus first running their slide rule over Andrew Fairclough and his 17 years of investment banking experience.In this respect, as for the new CFO only having O&G micro/small cap experience - so does Arrow Exploration CEO Marshall Abbott. I doubt few if any PI's could name one of the previous eight small caps that Marshall took over or started from scratch, that he successfully developed regardless as to the stage of the long term boom and bust commodity market cycle, and subsequently sold for an average of many multiples of the valuation/share price that the early HNW and retail investors secured, by routinely following him around for decades from company to company. Name one medium or large UK Port or Shipping company where the CEO or CFO holds any Shipping or Ports Industry professional qualifications, never mind like my friends and I, the highest both industries currently examine for. I can answer that for you - yet to come across one! Yet, it has not stopped many of them from doing quite well for their shareholders/owners. AIMHO/DYOR |
Posted at 29/10/2024 08:48 by yasx Incidentally Nigel, as for running the business, PB has through egregious errors almost sunk the ship and ran the business into the ground.Whenever PB reassures investors that a problem is well under control, you can be certain there is trouble ahead. |
Posted at 16/10/2024 12:43 by mount teide winnet - 'It seems to make no sense to invest in risk capital anymore.'AIM like the FTSE 100 is a stock pickers market - the average holding period of my 'Buy & Hold" portfolio of equities is now nearly 6 years. Following a request, posted two portfolio performance updates earlier this year on my Arrow Exp thread(5.4 year performance), and a 1 year performance on my Afentra thread. Jadestone, as a result of the badly handled Montara collapse, is the worst performing stock over the 6 year holding period by some considerable margin. The 'Market' - From my research, 99.9% of stock market Analysts and Fund Managers go straight from university into the City - few, if any, hold any professional qualifications or have first hand senior management experience of the sectors they cover. They may be well educated and able to write what appears relatively plausible analysis but, I've found in my area of professional experience - the global shipping and ports industries - its generally superficial and limited in quality and so, proved almost without exception of little value for equity investment purposes. By implication would expect the same to be the case of their 'coverage' of virtually most other sectors/industries. Almost certainly, this is the primary reason why over 95% of Fund Managers and their teams of analysts are unable to beat a low cost FTSE tracker. In today's 'markets', over a 5 year view, many sectors and individual equities appear to spend as much time under or over valued as they do at fair value - so much for market efficiency! Since the London IPO Arrow Exploration has returned a CAGR of over 70% - and yet by any objective analysis the share price price still considerably lags the huge additional value generated to date, never mind a premium for a likely continuation of this performance over the next 18 months. I consider Arrow's present valuation as a market anomaly - an exception to market efficiency. Similar to the 15 month period up to October 2023, due to the impact of the exercise of the huge number of warrants well 'in the money' issued to IPO investors - the share price has since returned 76.4%. Unless the investment case/fundamentals materially change, long market history shows that investor greed corrects most market anomalies over time..... major market indexes have a near perfect record of returning to their long term mean value over time. |
Posted at 19/5/2024 12:29 by mount teide neo26 - at a £155m market cap - based on the fundamentals, strongly suspect investors(as opposed to traders), are likely to consider such a scenario, were it to occur, as a buying opportunity.Took advantage of a similar situation last summer at Afentra, while waiting for completion of three acquisitions to reduce my average price to 25.8p - the stock is now trading at 53.5p. Even the best traders with perfect timing shorting Afentra during that period could have only scalped a max of circa 20%. While buy and hold investors who bought the pullback are since up CIRCA 130-150%, on a stock with fundamentals that are now almost certainly better than last summer, such has been the production growth from the two deals they've since closed......combined with the huge financial benefit they generated from the effective economic date of the deals(and soon to be completed third deal), at an average $85/bbl oil price while they awaited completion. Have a number of other holdings, some of which were mentioned here, where similar share-price pullbacks delivered 'value' buying opportunities for investors who had carried out the research and could see the bigger, longer term growth picture. With first production imminent from Akatara, and Montara Venture's regulatory issues under effective control, posted recently that I now consider JSE to be in the same category.....ie - a 'Value' investment. AIMHO/DYOR |
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