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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.75 | 6.93% | 27.00 | 26.50 | 27.50 | 27.00 | 24.90 | 25.00 | 276,527 | 08:06:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 323.28M | -91.27M | -0.1688 | -1.50 | 136.56M |
Date | Subject | Author | Discuss |
---|---|---|---|
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 | |
17/9/2024 22:54 | That kind of says it all from the presentation. Market just doesn't believe the story. "Akatara NPV10 at 31.12.23 exceeds Jadestone’s current market capitalisation" | nigelpm | |
17/9/2024 22:35 | Exactly that. Back to work.. | nigelpm | |
17/9/2024 21:27 | Glad '0ne shareholders happy with JSE's performance ' Nigel,but then you preferred it when the shares were suspended, back to sleep for another six months. | e43 | |
17/9/2024 21:18 | Probably because back to the patience point investors with more capital tend to have a timeframe of longer than a few hours. | nigelpm | |
17/9/2024 20:22 | Remains a mystery why major shareholders especially Tyrus Capital have been so lenient on PB.Smacks of too much cronyism in BOD's. | e43 | |
17/9/2024 12:34 | I am not concerned about akatara at this time - it is worthwhile highlighting this from the accounts today.. "Whilst the site currently remains formally under the control of the EPCI contractor, a detailed Operational Readiness program has been undertaken by the Company to ensure that when the performance test is completed, and the facility is formally handed over, Jadestone Energy is ready to safely operate the facility." Akatara is still undergoing testing - it isn't in Jadestones full control yet. | sea7 | |
17/9/2024 11:00 | Very rare, if ever, for JSE share price to rise on results day, even back when results and sentiment were good and the share price was generally rising. Not good H1 as expected, given oil prices and Akatara revenue delays probably a rough H2 also. Moving in the right direction from 2023 at least. "After the H1 2024 reporting period, the Group generated US$53.0 million in revenues from three liftings of 0.59 mmbbls in July from Montara, Stag and PenMal" "Net debt of US$69.1 million at 30 June 2024 reflects c.US$130.9 million of consolidated Group cash balances and US$200.0 million of debt drawn under the Group's reserves-based lending ("RBL") facility. As at 31 August 2024, net debt was US$94.6 million, based on consolidated Group cash balances of US$105.4 million and US$200.0 million of debt drawn under the RBL facility." Where is the COO? Will 2025 be the turn around? who knows, -Australia will continue to be an ongoing concern across the board, with an outlook of cost control and being properly maintained. -Malaysia, Indonesia and Vietnam on the other hand have great opportunity, -Malaysia PM323 being a fantastic result and "The Group is progressing plans for further infill drilling on the East Belumut field, in particular focusing on the undrained southwestern area of the field discovered during the 2023 campaign." -Indonesia, of course Akatara coming online and paying back the years of heavy investment with revenue and large margins. - Vietnam, obviously further out then 2025 and would need funding but opportunity at least. IMO DYOR this is not advice. | 1ajm | |
17/9/2024 10:45 | An exact 20,500 boe/d average production required from Sep to Dec to meet 2024 low guidance / I updated from prior revised down Mid-Guidance. JSE Share Price -> 28.00p Brent Current Price -> $72.50 JSE Current Share Price vs 52 Week low of 23p on 9 Feb 24 -> 21.74% JSE Current Share Price vs 52 Week High of 39p on 5 Dec 23 -> 39.29% Shares Outstanding -> 540,817,144 GBPUSD -> 1.3200 JSE 2024 Production Mid-Guidance Revised Down July 24 (18,500-20,000 Boe/d) -> 19,250 JSE YTD Average Production To End August -> 17,500 JSE Sep to Dec 2024 Min Production To Meet 2024 LOW Guidance Taking Into Account YTD Avg Prod Till End August 24-> 20,500 JSE Production Average for 2023 (Montara Curtailed for a period) -> 13,800 JSE Production Average for 2022 (Montara Curtailed for a period) -> 11,487 Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) -> NA Cash (USD) -> NA Net Debt (USD) 31 Aug 24 -> $94,600,000 Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility) -> $140,400,000 Market Cap (GBP) -> £151,428,800 Market Cap (USD) -> $199,886,016 ENTERPRISE VALUE (EV) (Market Cap + Debt - Cash) (USD) -> $294,486,016 EV/Barrel(USD) 2024 Mid Guidance Production 21,000 Boe/d -> $15,298 EV/Barrel(USD) YTD Average Production To End August -> $16,828 EV/Barrel(USD) Projected Sep to Dec Average Production To Meet 2024 Low-Guidance-> $14,365 JSE Decommissioning Expense Provision i.e. Asset Restoration Liability per HY 2024 Results -> $682,915,000 EV/Barrel (USD) JSE 2024 YE Exit Boe/d 23,000 Boe/d Production (Q1 Avg + Akatara 6k boe/d H2 24) [Added Decommissioning Provisions Per FY 2023 Results to EV] -> $42,496 2P Reserves (Boe) as of 31 December 2023 -> 68,000,000 2P Reserves (Boe) YE 23 + 6.8 mmBoe Second CWLH Acquisition H1 2024 -> 74,800,000 EV/2P -> $3.94 EV(Including Decommissioning Costs)/2P -> $13.07 | ashkv | |
17/9/2024 10:41 | The £200m of losses over the last 2 years have been the direct result of the complete mismanagement and poor communication of the FPSO Montara Venture's Class inspection, planned maintenance and repair/remediation issues. To be paying $1m a month ($32k/d) to charter an LR1 shuttle tanker during the last two years is yet further evidence as to how ill equipped the Executive management are to successfully handle operations outside their core area of O&G sector expertise. If only they had taken the advice offered 4 years ago to secure a sale and long term leaseback of Montara Venture to a shipping sector FPSO specialist like BW Offshore. When I asked the CEO and FD in 2020 how long they expected to retain the IMO 2020 Stag premium(which had increased from an $8/bbl discount to Brent to a $10-$15/bbl premium), they said their research suggested 6 months. I suggested they talk to some shipping industry professionals, as we expect it to be for a minimum of 10 years through to IMO 2030, and probably long beyond that date. Frustratingly, after being invested here for 6 years and at one point in time being over 300% up prior to the FPSO debacle, the investment is now 30% underwater. Management hubris has clearly played a leading role in the still ongoing debacle that is 'Montara Venture' over the past two years - its time the Board, and in particular Paul Blakeley accepted this and demonstrated some accountability to shareholders who have seen a large 8 figure sum transfer from their funds into his bank account over the last 6 years in return for a totally unacceptable level of performance. AIMHO/DYOR | mount teide |
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