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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.50 | 5.94% | 26.75 | 26.00 | 27.50 | 27.25 | 24.90 | 25.00 | 2,264,013 | 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 |
Date | Subject | Author | Discuss |
---|---|---|---|
18/10/2024 08:20 | I don't think that there's any time requirement to submit a TR1 - fairly sure the wording is "as soon as practicable", in which case the above is completely in order. | puzzler2 | |
18/10/2024 08:08 | pretty poor, i think if we were main market listed there would be more fines handed out for this sort of behaviour. | winnet | |
17/10/2024 19:55 | One would guess that they delayed notifying the company until they were completely out to avoid moving the market against themselves. In this sort of situation, the rules about timely disclosure rarely get enforced. | dangersimpson2 | |
17/10/2024 16:47 | Correct. PM reduced on the 27th - that does not mean they notified JSE immediately. | yasx | |
17/10/2024 14:42 | Yep - the company won't know who is selling until they get the TR1 from the seller | sea7 | |
17/10/2024 13:27 | 'The Company has been notified by Premier Miton Group plc ("Premier Miton") that on 27 September 2024, Premier Miton reduced its shareholding to below 3% of Jadestone's issued share capital.' Reads to me that Premier Miton reduced their holding through the 3% notifiable level on 27th Sept, but failed to advise the company as they are required to do under the rules until now - probably because they continued to reduce their holding after moving below 3%. | mount teide | |
17/10/2024 12:05 | I don't understand why its taken them since the 27th of September to tell us that a major holder has reduced below 3%. Why wait? | winnet | |
16/10/2024 16:56 | 'I can assure you, most fund managers are in the 40-60 bracket and are not fresh faced grads.' Was not suggesting that - the point I was making is that they ALL enter the financial services sector straight from University and work their way up.....NOT after acquiring long first hand senior management experience holding the highest professional qualifications for the sector's they cover as Fund Managers. A number of Fund Managers I've had long conversations went into the financial services sector equipped with nothing more than a history or geography degree. Their professional knowledge of the sectors they were investing in that my friends and I have long senior manager experience of was extremely modest - at best, at the level of one of our junior managers. There is often a highly significant difference between the best performing management and the rest in most sectors. And they are relatively easy to identify if you have the professional training and operating experience to know what to look for. Ask any port operator that specialises in handling and storing high value forest products - Newsprint and Magazine Paper reels - what storage density they are achieving in their highly expensive warehousing and, you'll likely find at least 50% would not know( The CEO and Operations Director of the UK's largest port by throughput that I spoke to did not know). Most achieve a storage density around 1 tonne/m2 including access aisles. A well designed layout for paper and magazine reels would see the storage density around 2 tonnes/m2. Which means that the high performing operators would need only half the number of circa £10m warehouses each the size of Wembley football pitch to handle the same amount of cargo throughput. Likewise in the O&G sector - what small cap CEO, has sold his last 8 companies for a very high premium to the price paid for the assets? And is well on his way towards achieving a ninth, having already delivered a 70% CAGR in the shareprice in the three years since taking over at Arrow Exploration. In less than 3 years following the AIM London listing Arrow Exploration's management has ORGANICALLY increased its low cost, ultra high margin Colombian oil production from 308 bopd(2021 YTD) to over 5,800 bopd - a 19 fold increase / 265% CAGR - while almost doubling the net cash position from $8m to $15m....after inheriting a $12m net debt position 18 months earlier! An astonishing achievement considering the company is still in its infancy with respect to monetising the discoveries and proving up the large number of high impact, very high CoS fault bounded prospects identified from analysis of new 3D seismic shot on the Northern end of its primely located llanos Basin Tapir Block asset. In addition, Arrow is shooting new 3D seismic on its equally prospective southern end of the asset in Q1/25, where it is expected to add to its long list of low risk, very low cost E&P drilling inventory which already stretches out to 2027/8 Over the last three years only a few other O&G small caps have got remotely close to Arrow's level of production growth performance but, like second phase O&G specialist Valeura Energy they ALL BOUGHT the overwhelming majority of their production growth. AIMHO/DYOR | mount teide | |
16/10/2024 13:09 | I think you're showing your age there MT... Having worked in financial services for 20+ years, I can assure you, most fund managers are in the 40-60 bracket and are not fresh faced grads. Yes, some analysts have to write the research notes, as a rite of passage, but ultimately the decisions are made far higher up. I take the Benjamin Graham point you make pertaining to value. Cannot disagree. But history is not always a guide to the future, especially in the energy sector which is going through a significant paradigm shift. I often ask myself the question about my investment strategy being a bit too 1990's! The other point you make [essentially blaming universities in general for producing grads who are ill-equipped to do basic analysis] is odd. Of course, I cannot dispute your first-hand experience in your niche, but I actually find that when I interact with the "youth of today" - they are very well-equipped with basic skills and produce cogent work. They know how to calculate a PE or IRR, but they lack the "outside the box" thinking. There are several reasons for this, first, the school & higher ed system, from a early very age [I have a 8 year old daughter so I know this to be true], is so hell-bent on instilling the core disciplines [maths and english] into them, without a proper explanation about how different subjects work together. Second, in higher ed, they also need proper interdisciplinary scholarship... i.e economics and ecology is a good example of subjects that are taught by different faculty's in universities, but should be taught in the same IMO of course - I know there this board is full of climate deniers, so I'm not expecting that to be a popular example]. The old universities figured this out years ago [i.e. PPE]. I also think experience is important and its always been thus. I didn't really grow up until I was 30 and even now in my mid 40's I know considerably less about my specialization, than colleagues in their 60's. I actively look to work with older colleagues for this reason. That said, several are half-deaf or work on small fractional contracts to keep the money coming in so they can spend more time on their Sunseekers! So it's swings and roundabouts... | winnet | |
16/10/2024 12:43 | 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. | mount teide | |
16/10/2024 12:16 | I'm just bored with having to share in his continual misery. Never anything positive to say. Mr Glum every post. | fardels bear | |
16/10/2024 11:46 | 50% of my wealth is in some form of ETF or investment trust, maybe that's why I'm struggling with these AIM businesses. It seems to make no sense to invest in risk capital anymore. I might as well just by an index fund! | winnet | |
16/10/2024 10:39 | Share price is not a great arbiter of value. If it was we'd all invest in index trackers | nigelpm | |
16/10/2024 09:56 | Nigel, lets have a look at the share price. Its shocking. Patience of course is required, but operational f-ups have caused all this and there no sense they have learned anything from Montara. The CEO needs to be put out to pasture. I don't think he cares about the PIs. | winnet | |
16/10/2024 09:41 | You do need patience as an investor yas. I share your concerns but operational activity is difficult. | nigelpm | |
16/10/2024 09:03 | In the context of his remuneration package, the recent purchase by PB is not very significant. I would like to see him replaced- and soon. Otherwise I expect we will stumble upon yet another forseeable hazard of some sort. | yasx | |
16/10/2024 08:03 | bear, its a fair point, is it not? | winnet | |
16/10/2024 08:02 | I've finally filtered you. You really are such a depressing person | fardels bear | |
16/10/2024 07:42 | This is starting to feel uncomfortably familiar. Shareholders have only heard the JSE IR version of events. The last 2.5 years have shown they should be treated with caution. | pughman | |
16/10/2024 07:22 | is anyone lese worried that something that was painted as very trivial is now costing tens of thousands of dollars in lost income? Surely they would have RNS'ed a restart. What is it with Jadestone? Some companies are just unlucky, I guess. | winnet | |
15/10/2024 19:04 | a poster on another board has managed to find out that the photos in the above link are date stamped 6th jan 2023 - which means that my view on the document date just being an upload date look correct. As the photos are dated Jan 2023 according to the poster on another board, it could be that this document relates to the delivery of kit for the initial build. | sea7 | |
15/10/2024 09:14 | This is the transportation plan from Jse and Jgc uploaded 15 jul 2024 and relates to the movement of coolers/condensate coolers/compressors and gas engine generators. It is a detailed route plan identifying transport risks such as bridges along the route. I cannot see any dates actually on the document, so the date could be purely an upload date you will note in section 2 cargo list, there are ETA for these items. Items coming from Ciwandan say mid october and those from singapore end october. | sea7 | |
14/10/2024 12:13 | Major shareholders list updated to 30th Sept Invesco moves up to 4.05% from 3.82% Hargreaves down to 3.92% from 3.98% Premier Miton have gone below 3% as they were at 3.09% at 31st Aug and no longer show on the list today. | sea7 | |
09/10/2024 11:11 | Reviewing the investment at year end - in expectation they will have ironed out the Akatara construction/enginee | mount teide |
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