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JSE Jadestone Energy Plc

26.50
1.25 (4.95%)
Last Updated: 14:31:17
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
  1.25 4.95% 26.50 26.00 27.00 27.25 24.90 25.00 2,264,247 14:31:17
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 22601 to 22624 of 22975 messages
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DateSubjectAuthorDiscuss
04/10/2024
07:23
It's when he doesn't deliver is the issue, he gets paid a lot anyway. I think that's what gets up my nose. Remember Cedric "the pig", the British Gas CEO in the 1990's. He was taking huge salaries at a time when pensioners couldn't heat their homes. Theres something about equity and fairness here. We shareholders struggle, while he gets a 300k living allowance!
winnet
03/10/2024
19:22
Anyway much more important is delivery. A few hundred k is peanuts if he delivers
nigelpm
03/10/2024
19:13
Pretty normal to be honest.
nigelpm
03/10/2024
18:36
'In addition to his base salary he is getting around $300k a year in living expenses, plus performance bonus(up to 150% of salary), pension, health and life insurance cover.'

this looks like an outrageous package to me.

farrugia
03/10/2024
17:51
it does, its a terrible system, isn't it? No one ever wants to be a bottom-quartile payer!
winnet
03/10/2024
17:50
Winnet, all companies benchmark against peers to ensure they are paying the market rate - however, many companies select inappropriate peers to give the appearance of being underpaid - explains the ratchet of executive pay over the past 20 years.
wooster4
03/10/2024
15:56
PB was based in the Far East for the last circa 10 years of his employment with Talisman Energy, following which he was headhunted by Mitra Energy/Jadestone Energy.

However, his LinkedIn account has Hunters Hill, Sydney NSW as his contact base at that time.

Sounds like, while based in SE Asia with Talisman, he either already owned or bought a property in Sydney after leaving Talisman. Enabling him to use this as his actual home base when negotiating with the activist hedge funds then running Mitra, to qualify for an 'overseas allowance' with Jadestone.

AIMHO/DYOR

mount teide
03/10/2024
15:29
I once asked if he was glad to be home (UK) to see family (just post pandemic) - he replied he had no family in UK - I wonder what overseas means?
croasdalelfc
03/10/2024
13:02
winnet - it you're referring to performance targets governing vesting, then all companies either disclose them on a forward-looking (most) and failing that, a retrospective basis. I think MT is referring to annual bonuses which are often rather more opaque and subjective.
wooster4
03/10/2024
08:14
Well MT as I remember the biggest evalution criteriul was reserve growth... one of the reasons why I sold, because it's not in the benefit of shareholders and company to grow at whatever cost.... And to base bonuses on that
jeff114
03/10/2024
08:09
Isn't there a slightly negative flip side to this - it means there isn't material undisclosed information e.g. they are not just about to announce full DCQ at Akatara.
paduardo
03/10/2024
07:27
22594, good post MT.
22596, don't disagree but there should be an over riding TSR clause linked to "performance" as well IMHO.

dunderheed
03/10/2024
07:21
MT, it'll probably be because enough of the conditions of his LTIP, unrelated to the issue you notes, were met. The composition of LTIPs is not in the public domain.
winnet
03/10/2024
07:20
Good to see PB putting a decent chunk of his money into JSE!!

Now please exceed your self set expectations/guidelines!!!

Good luck!!!

ashkv
03/10/2024
06:53
Yes, and very welcome.

Although for perspective, it's 1.5% of the circa $10m+ he has trousered, including circa $2m of 'overseas allowance support' in shareholders funds in the 6 years since the London AIM IPO.

In addition to his base salary he is getting around $300k a year in living expenses, plus performance bonus(up to 150% of salary), pension, health and life insurance cover.

With the share price still 15% below the IPO price, Paul Blakeley needs to deliver big time over the next 12-18 months.


ps: why the remuneration committee thought he was worthy of $830k in performance related pay over the two years - 2021 and 2022 - the period of the Montara Venture debacle, which saw the share price commence a period of freefall, has never been explained to shareholders.

mount teide
03/10/2024
06:46
Its a good sign.
11_percent
03/10/2024
06:39
Okay, 150 grand is quite a lot of cash. Good stuff Blakely.
winnet
03/10/2024
06:11
Pretty clear message from Paul b. Excuse me mr Market what are you doing? :)
nigelpm
03/10/2024
06:03
Hefty director buy
mirabeau
01/10/2024
17:05
Technically, I thought this was in a nice place before the results. Now the moving averages are not our friends as we dipped below... I suspect we may have issues in the 31-33p area. A lot depends on the oil price, once through the 100 and 200 MA regions, it could be game on.

No more F-up's Blakley.

Note. I do feel that the failure of these Siemens electric motors is highly unfortunate, but I am beginning to wonder if JSE is just "one of those businesses". I mean, we all have friends that we stay away from, as they tend to be unlucky... is JSE just one of those business?

Note 2. I hope not.

winnet
01/10/2024
15:34
Greats posts on here at the moment, thanks KS in particular. Hopefully today's share price gain is repeated on a bit more of a regular basis and we can at least get to a new 12 month high.

I've increased slightly at just below 27p, so it would be nice to see the back of any number starting with a 2.

lloydypool
01/10/2024
15:27
Great work from both KS +MT, many thanks..
birotop
01/10/2024
15:22
Thanks - you are welcome.

Took me an hour or so this morning to dig through the accounts and summarise. The answers are in there, broadly, but without familiarity of how they present things it's easy to make incorrect assumptions I'd say.

I would expect and hope that they have everything broken down segmentally internally for each field for management to look at so they know what the margins are - but we investors won't get to see this in an aggregated annual financial report.

I could perhaps IR for some historical info explicitly on Montara, but I don't know to what level of detail it would be reasonable to request!?

king suarez
01/10/2024
14:52
KS - That's a tremendous piece of analysis. Thanks.

'Perhaps this helps better explain some of the jump in operating costs? They do these big repair jobs every 3 to 5 years that are reported within recurring operating costs during the year, even though it's not consistently happening every year. If you dig into the notes it describes what kind of stuff they do, but I guess it is lumpy and doesn't help smooth the cost profile - ideally they should probably be estimated up front and amortised evenly across each financial year, but perhaps they are never sure on timing, scope of work and cost?'

You've indirectly identified and explained very well how the cost of inspecting and maintaining an FPSO to Classification Society Rules, where in-water surveys and continuous survey inspections are carried out in lieu of dry dockings, can typically create the potential for large cost variations yr to yr, due to the widely varying type of examination work carried out during each year of a 5 year continuous survey cycle.

mount teide
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