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Share Name Share Symbol Market Type Share ISIN Share Description
Jadestone Energy Plc LSE:JSE London Ordinary Share GB00BLR71299 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 7.5% 86.00 84.00 87.00 86.50 79.30 80.00 1,618,538 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 159.4 -41.9 -9.5 - 400

Jadestone Energy Share Discussion Threads

Showing 11501 to 11524 of 12425 messages
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DateSubjectAuthorDiscuss
16/11/2022
08:43
in the end of year accounts to december 2020 JSE stated that there were no environmental incidents to report, however, one regulatory enforcement notice, that referred to internal processes was received, that had been resolved.

this would be that regulatory enforcement notice....issued in November 2020 and the link is dated March 2021, as when it was probably uploaded.

page 4 explains the reasons

hTTps://www.nopsema.gov.au/sites/default/files/2021-03/A758979.pdf

sea7
16/11/2022
05:17
Thx, was just trying to illustrate my thoughts about it and the concept, but was to quick with giving my example
jeff114
15/11/2022
21:03
Jeff - you have halved the number of shares by buying back 50% of them - presumably your illustrated production per share will double to 20 boe.

Which is even better than you thought then :)

thedudie
15/11/2022
18:15
I was not alluding at the tax regime, just the principle of a buy back with a company that is undervalued and has a strong balance sheet and good future prospects... I look at my investment as e.g. I have a small oil company that delivers me 10 boe a day, if they can buy back 50% of the shares in 3 to 5 years. I have 15 boe if they keep production flat
jeff114
15/11/2022
17:57
Shell and BP are paying 65% in UK corporation tax .........yet most of Apple's UK sales are considered to be through their EU/Dublin tax haven where the corporation tax rate is 12% but, I have heard from an extremely reliable source, Apple are actually getting away with a figure much closer to 2%.

Racket worthy of the Mafia comes to mind - so long as these companies are run by compliant left leaning management they are allowed to get away with legalised theft on an industrial scale.

Get a right of centre management take over like at Twitter and everything changes with threats flying around before they've even got in through the Boardroom door.

mount teide
15/11/2022
17:46
A buyback is the best a company this undervalued can do, look at how Apple decreased it's outstanding shares the last 8 years or so and so increasing the EPS
jeff114
15/11/2022
17:31
If a government spots a company awash with cash and able to afford buy backs then they will sense easy pickings. I hate buybacks as mostly, they do no good at all for the company or its shareholders - not that I have been able to detect, anyways. This could be yet another reason not to buyback.Please don't give Rishi any more silly ideas, though.
lord gnome
15/11/2022
17:30
Can someone explain the merits for a tax on buybacks. Is it just to curry favour with the electorate; an easy target for overspending governments, or is there a more worthy rationale?
jacks13
15/11/2022
16:53
Not currently. Canadian govt has just announced one though: 2% on value of buyback, starting Jan 2024.
bradvert
15/11/2022
16:16
Is there a tax on buybacks?
fardels bear
15/11/2022
15:57
Thanks MT. That makes things easier and makes sense. So multiply by 365.
moonshot3
15/11/2022
15:31
M3 - 'When calculating total bbls for the year do you multiply the guided boepd by 365 days or do you multiply by say 335 days to allow 30 days of downtime?'

The company's production guidance figures will be an average of what they expect to produce per day AFTER adjustment for planned field shutdowns. Any unplanned shutdowns will lower the figure.

So, 11,000 - 13,000 bopd guidance means they expect to produce an average of that every day of the year inclusive of planned shutdowns.

In 2021, JSE averaged around 92% field uptime. The previous owner, a NOC, were averaging circa 70% prior to JSE acquiring the asset.

mount teide
15/11/2022
15:16
Pugh if there was a tax on buybacks it would have to be across the board, not just oil and gas stocks surely.
royalalbert
15/11/2022
14:41
I was referring to a tax on buybacks that might affect JSE, not a WFT.
pughman
15/11/2022
14:41
Can I ask another potentially stupid question? When providing guidance, JSE give a boepd figure. For 2022, they gave a lower and higher range figure for guidance but acknowledged when providing guidance that there would be some downtime for repairs and maintenance. When calculating total bbls for the year do you multiply the guided boepd by 365 days or do you multiply by say 335 days to allow 30 days of downtime?
moonshot3
15/11/2022
14:22
Some surprisingly uninformed posts on here this afternoon.
fardels bear
15/11/2022
14:05
JSE doesn't operate in the north sea - so no WFT applied
sea7
15/11/2022
13:38
Is a buyback tax on the way this Thursday. The WFT even with a jump to 35% will not really hurt BP or Shell, but it will impact the smaller producers. Since hitting the two majors is where the political capital is, a scaled tax on buybacks could happen, with JSE having to cough up £500k, if its 5%.
pughman
15/11/2022
13:07
After nearly 3 months of at sea inspections and repairs it would beggar belief if they decided only now that DD was required. Operational soon is a nailed on certainty for me at any rate.
fireplace22
15/11/2022
13:01
my view on the fpso - if there was an expectation of dry docking, the share buy back scheme would probably stop to preserve cash for something like this.

as they continue to buy shares, I think the repairs are proceeding and we will be back on line in due course. Just reading between the lines imo.

sea7
15/11/2022
12:58
Chelverton Asset Management Ltd have sold down over 7m shares according to the morning star link and now hold 528k shares.

i noticed that chelverton have issued a prospectus in october and appear to be up to something - perhaps they are dumping some o and g to make their latest plans look cleaner.

sea7
15/11/2022
12:22
'The fpso has always been the main concern here and a reason many investors stay well away...'

I have been far from shy in commenting that the issues identified with the FPSO are my main concern too but, on the basis of the public information provided by the company to date and, especially the detailed tank and deck plating photographs, two industry professional friends and I believe the likelihood of the Montara Venture now requiring dry docking to effect the repairs and remediation work is zero.

The work currently being carried out in situ by the onboard personnel assisted by a specialist shore based team, is to complete the tank repairs and to bring up to date the outstanding ballast tank inspection, planned maintenance and repair work that the they fell behind with during Covid 19. In this connection, they are far from alone across the industry.

These are the normal routines of the managers of every commercial ship operating under Classification Rules, and on FPSO's can mostly be carried out without stopping production for an extended period, other than when completing major Class Survey Inspection Work or to effect major machinery repairs/overhauls, that few O&G field operators ever report. Other than via the field 'uptime' report for the year, in order to conceal any major unplanned shutdowns.


AIMHO/DYOR

mount teide
15/11/2022
11:42
Thommie - No one does, but selling down over 1% of their holding according to that report, is far from immaterial for them. They surprising elected to sell down and out of Touchstone AFTER the share-price had dropped nearly 40% from a previous high to facilitate a placing, which North Energy largely took up.

Touchstone demonstrated well that placings are nothing for shareholders to be concerned about if the management use the funds productively to create shareholder value, rather than as far too many do across the small cap sector, to largely keep the lights on and Board in the lifestyle many have become accustomed to at shareholder expense.

mount teide
15/11/2022
11:37
Nearly 2 months since half year results and still no news regrading the fpso..

While the Montara FPSO hull and tank remediation work is in progress. This will include weekly progress updates and reports.

If reports are weekly then why no update to alleviate worries regarding the fpso?

The fpso has always been the main concern here and a reason many investors stay well away...

celeritas
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