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JSE Jadestone Energy Plc

26.75
1.50 (5.94%)
Last Updated: 13:13:46
Delayed by 15 minutes
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
  1.50 5.94% 26.75 26.00 27.50 27.25 24.90 25.00 2,254,013 13:13:46
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 323.28M -91.27M -0.1688 -1.58 136.56M
Jadestone Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 25.25p. Over the last year, Jadestone Energy shares have traded in a share price range of 23.00p to 39.00p.

Jadestone Energy currently has 540,817,144 shares in issue. The market capitalisation of Jadestone Energy is £136.56 million. Jadestone Energy has a price to earnings ratio (PE ratio) of -1.58.

Jadestone Energy Share Discussion Threads

Showing 22501 to 22524 of 22975 messages
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DateSubjectAuthorDiscuss
20/9/2024
07:41
Thanks KS - the business appears now to have stabilisd with a concerted effort by management to repair the recent damage over time. My thoughts are that the share price may well now be around the low, so on that basis I have added a few more today.
puzzler2
20/9/2024
07:08
Thanks KS for your summary - very helpful
sea7
20/9/2024
06:12
KS - thanks for the updateIt's always worth remembering that Akatara is now the largest portion of 2P reserves for the whole group at 25.8m 2P.The gas has grown from 55BCF to 81BCF and the liquids from 8m to 12.3m.The liquids alone make this very cashflow generative and worth about £500m when produced and sold
croasdalelfc
19/9/2024
22:38
I'd prefer if everything material was released via RNS but then I'm an old fashioned so and so.
nigelpm
19/9/2024
22:30
This is why it is good to go to these things first hand as you never know what might be revealed in the informal chats.

The point greatly emphasised about Akatara is that all of the cost recovery happens in the first 2-3 years, so the cash flow is very strong. Not only what JSE spent on development, but also I think he said around a further c$120m spend by the previous operator(?) so all in all $250-300m is cost recoverable whilst JSE earn their 90% - then it moves to 45% JSE share once all costs recovered.

They can produce far above the contracted rate, but they are only 'allowed' by the government to produce at a certain rate based on the formal reserve size - so currently they can do another 3mmcf - which they have negotiated with another taker at a slight premium to the rest - this will kick in at some point next year I think he said. After that they could raise it again, with a reserve upgrade, or alternatively extend the life of the contracts instead.

king suarez
19/9/2024
22:25
Thanks KS for your feedback.
chessman2
19/9/2024
22:23
Thanks King S - some of that is quite material in my view - should really RNS that!
nigelpm
19/9/2024
20:21
Significant shareholders list updated from 31st july to 31st august

only changes are

hargreaves down to 3.98% from 4.13%
invesco up to 3.82% from 3.63%

sea7
19/9/2024
13:45
What a good time to be taken out by Tyrus or MBO or hybrid (for them, anyway). Very disillusioned shareholder base, Akatara yet to be seen to have any positive effect, potential for significant oil price hike at year end, share price on it's uppers?
fireplace22
19/9/2024
13:17
Hi Pogue - they made a reference in an earlier presentation about talking with a second customer for taking additional gas at Akatara. Do they see that as still possible / straightforward without lots of capex etc(e.g. do they have enough gas volume)and are the discussions still ongoing? Can you also let us know if they give any hint or indication about how far off they think Akatara is from Full DCQ? Appreciate they cant be definitive and cant give sensitive information out but can you let us know if the give any indication e.g. they are expecting it to be a few weeks or is it months? Cheers
paduardo
19/9/2024
10:27
KS - Lol

Reminds me of an old Sea Captain addressing a new group of officers and crew who had just joined his ship:

"There are only two rules you need to concern yourselves with on this ship.

Rule 1 - The Captain is always right.

Rule 2 - On the very rare occasion when the Captain is not right, Rule 1 applies!"

mount teide
19/9/2024
08:52
1) What the eff are you going to do to turn around the share price?!

2) See 1

king suarez
19/9/2024
08:33
I am going to the Proactive presentation tonight where JSE are presenting any questions anyone wants asked. I usually do this after the presentation when face to face.
pogue
19/9/2024
07:13
I would also add, regarding Tyrus, that everyone thinks these investment houses would automatically know how to run the businesses they invest in, better than the industry experts who currently run them, and that they have a reserve of super-execs waiting in the wings to take over the management. They do not. It's a fallacy.
winnet
18/9/2024
20:51
With JSE paying 9.8%(SOFR+4.5%)on their drawn RBL, the 50 basis point reduction in the Fed rate should lower the SOFR.
pughman
18/9/2024
13:33
Tyrus Capital - Investment philosophy:

"Downside protection is key to all of our strategies"

Interesting comment considering they too are now circa 25-30% underwater after 6 years, having been up over 300%.

Tony Chedraoui(with Gordon Gekko hairstyle to match) - Founder, CIO & CEO of Tyrus Capital since 2009, is the Manager of the Event/Structured Portfolio the Jadestone investment sits in.

Tyrus Capital appear to have little researchable history of buying out even small businesses they're invested in.

AIMHO/DYOR

mount teide
18/9/2024
13:00
they would have to have more than 24% to win any vote on that and if they start to go to the market to buy, that would push the price up. So, unlikely IMO.
winnet
18/9/2024
12:58
same thoughts yasx ... happened too many times. just after all is set and before the free cash flow starts we get a 30 pc premium and a goodby

timing is always the same ... after all is invested and running but before the free cash flow starts. it usually is also the lowest sp

and here we are

kaos3
18/9/2024
12:55
One potential cause for concern is (as I have stated previously) the intention of Tyrus and Co - perhaps a bleak picture suits them to take the entire business at some stage?

Not stating that with any degree of confidence, but it is worth bearing in mind.

yasx
18/9/2024
12:15
Messers Neuhauser and Waldner will be seriously down on their investment in JSE and I imagine they will have some grown up conversations about the future of this business. Is Blakley past his sell-by date? They will be the ones to decide. Can't remember the last time JSE released some news and we managed to hold any gain. It's depressingly poor and the temptation is to cut and run.
winnet
18/9/2024
10:41
Let's not forget that Tyrus own 26.4% of the company with Board representation - plus Gunter Waldner, also with 26.4% and who is a director. These are both substantial investments that both shareholders will expect to come good, so we can probably take some comfort from the fact that they will be directing decision making along the right path. The share price decline is annoying, but the company is now in a more positive position than it has been for a long time.
puzzler2
18/9/2024
09:49
How ridiculous
fardels bear
18/9/2024
09:13
Blakeley needs to make a substantial share purchase, because punters are starting to throw the towel in.
pughman
18/9/2024
05:56
Not sure why no one pointed out that the payments for closing the wells and cleaning up will reduce in @H from 165 million to 18.5 million. That is an incrlease in profit of over 40 million.
controlledmadness
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