Share Name Share Symbol Market Type Share ISIN Share Description
Jadestone Energy Inc LSE:JSE London Ordinary Share CA46989Q1000 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 55.25p 283,340 08:00:00
Bid Price Offer Price High Price Low Price Open Price
54.50p 56.00p 55.25p 55.25p 55.25p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 88.94 -16.83 -7.84 254.7

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Date Time Title Posts
26/5/201908:22Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture1,136
08/11/201808:39Still time to look at Jadestone Energy (JSE)-
25/10/201819:57Jadestone Energy 201826
23/9/200922:47JSE, A Neglected Gem46
15/9/200217:20Jo'burg prices8

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Jadestone Energy Daily Update: Jadestone Energy Inc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 55.25p.
Jadestone Energy Inc has a 4 week average price of 49.75p and a 12 week average price of 39.70p.
The 1 year high share price is 58.75p while the 1 year low share price is currently 33.40p.
There are currently 461,009,478 shares in issue and the average daily traded volume is 1,333,181 shares. The market capitalisation of Jadestone Energy Inc is £254,707,736.60.
tim000: The great thing is, assuming that the company's stated targets for 2019 will be achieved, the share price remains incredibly cheap. The oil price remains robust, and OPEC is likely to ensure that it remains so, while sterling continues to weaken (boosting profits in £ terms).
tim000: Incidentally, the return of a pro-business, pro-O&G Australian government can't do any harm. I wonder whether there has been a political risk premium embedded within the share price?
tim000: I agree. Buy-backs are not always sensible, but in this case I'd say they are justified. I too am an RRE shareholder, and they had the sense to buy back shares prior to their latest major acquisition. That results in the acquisition having even greater leverage to the share price. JSE would do well to follow that approach.
tim000: Cash, as I recently became a pensioner, I too look forward to a small dividend. But I think I've already stated that I'd like the company to target their growing resources on further acquisitions - which I'm sure they will. Because JSE's market capitalisation is still pretty small, another acquisition similar to Montana could really set the share price alight. MT has mentioned the price targets for the company of its main shareholders. But really there is no limit to what the share price might attain in the longer term, given the opportunities that exist in their market place - arising from a booming SE Asian economy and the disposal of non-core assets by the O&G majors in the region.
zengas: A combined 50/50 oil/gas output of 30,000 boepd in just over 2 years at an average $55/boe would propel yearly revenues to over $600m. $30m imo would pay a dividend of 5p/share or 10% yield at the current share price. Plenty of room for share price appreciation and dividend growth imo.
tim000: I'd prefer them to steadily pay off debt and accumulate cash to fund acquisitions. I'm not at all interested in the business returning cash to shareholders through dividends. I think the Directors can earn shareholders a substantial return on capital by replicating the Montara deal. RRE has seen its share price multiply over a short period of time by making accretive M&A deals. If JSE's management is as good as you think MT, I'd like to see them follow the same route. If they can find the right deals, the share price likewise could multiply quickly.
tim000: These posts illustrate how hard investing is. There are so many known and unknown unknowns, especially in politically unstable countries, which is all made so much worse by the fact that PI's have very little access to insider information. And so few small-cap stocks are able to escape share price mean reversion over the longer term, making them a solid long-term hold. Even with JSE, it's not difficult to come up with bad luck scenarios that would cause the company serious financial distress, given its lack of asset diversification in its early years. For me, that necessitates portfolio diversification across geographies, industries and mkt caps - although I too have a strong bias towards O&G companies.
zengas: Only a pointer cash and always on the look out for any possible opportunities re turnarounds etc but the cash pile is extremely attractive to me and at a discount which can't be argued with imo, but I do recognise the staleness. Though like GKP and others in the past it can be an advantage hence the discount. As regards multi baggers and new assets - who knows? Serica a long history and I think were as low as 3.7p in 2015 with subsequent asset acquisitions and a share price recently over 130p. Sou likewise and a funding in 2014 of around 4.5p and a share price touching 103p in 2016 though back to mid 20s after dilution and not the impact from subsequent wells after earlier success. EME had a chequered history but in 2017 couldn't get a funding fully away at 3.5p but acquired an asset that was a discovery requiring testing off Indonesia yet many avoided it due to company history/management and investor apathy. I thought it could be worth about 17p. Ran on to 31p in 4 months and stayed there for quite awhile now back to 8-9p as activity is slow and another asset impacted it. Basically it's the assets for me and why i'm not too concerned about a company name as long as management have a decent level of experience and past success. E&P will always have its ups and downs and I think every investor has to reassess things if they feel the tide turning at some point whether that be for the worse or better.
zengas: At least that explains the delay given the time since the rig arrived. Was beginning to think they may have spudded without issuing an RNS. Off topic and going to flag Sterling Energy (SEY) up to any investors who may like myself see it as a very undervalued opportunity ie for its significant cash pile which could create a material upside change to its valuation. Results out this am and appear closer to a near term deal according to the Chairmans comments this am. Share price has suffered out of boredom, lack of activity and a thin market and now below actual cash asset value. 220m shares in issue and at 11p current share price = m/cap of £24.2m versus $44m minimum cash ($46m end Dec 2018) or £32.5m (using ex rate £1/$1.35) = 14.8p share cash value with existing asset not included in this. "Sterling retains a strong position on the AIM listed oil and gas sector with a strong cash platform of $46.3 million and no debt or other liabilities. Activity has doubled on opportunity and asset screening and we are gaining deal traction due to the renewed focus and simplicity of the Group as mentioned above. Many smaller companies with viable developments but low cash reserves are looking for merger opportunities, giving them access to cash that is currently not available from capital markets. The Group's remaining African exploration focused Odewayne block provides fully carried exposure to a frontier basin that has the potential to deliver material hydrocarbon reserves. Our team is working hard screening a number of opportunities. Expectation is that from these efforts will materialise a value creating deal in the near term. The outlook for 2019 is exciting." =============================================== 220m shares in issue Waterford Finance 29.45% Zion SPC 16.64% MistyVale 15.66% Denis O'Brien (Irish Telecoms Billionaire) 7.16% Banque Heritage 6.78%. Other retail and institutional 24.31% (which would account for circa 53m shares). Waterford Finance' Michael Kroupeev is the Chairman - they invested in EEN and created 25+ bag returns. David Marshal (ex Enquest) CEO Leo Koot a recent n/e Director Most recent 2019 presentation.
zengas: Vermilion have about 11% of their operations in Australia and where the Ensco 107 rig is currently. 152.5m shares in issue @ $24.55 ($1.30 = £1) = £18.88/share = £2.88 billion m/cap. Net debt $2b. 300 mmboe 2P end 2017 + 210 mmboe contingent (mid case) resources. Q3 2018 production = 96,200 boepd 2019 production guidance = 101,000 - 106,000 boepd. Dividend yield 8.6%. Monthly dividend 23c/share. Paid accumulated total of $36.87 per share over last 15 years in dividends 2003-18. Floated 1994 at 30c/share. ===================================== JSE m/cap on 461m shares @ 38p = £175m. Net debt circa $50m. Reserves 45 mmboe 2P with circa 100 mmboe 2C plus a host of exploration opportunities. Production 13k+ boepd. Infill drilling + if Ogan Komering is acquired - closer to 20k boepd next year and to be circa 30k boepd producer from existing assets within another 4 years (without any new acquisitions.). Generating significant cash - expecting further acquisitions which in turn will lift prouction. See No1 mission statement re acquiring production.I expect this through debt/cash generation. Management ex Talisman who have created $6b+ valuation. December 2018 interview reference rewarding shareholders with dividend. Would require $6.8m to pay 3% dividend against current 38p share price. (Revenue already circa $310m/yr with circa $8-$10m/month free cash flow). With further acquistions and the companys own 30,000 boepd target from 3 of the existing assets - could be capable of future $1b revenue and $100m+ dividend stream. On a buy/hold basis at this price - could see very good long term growth trajectory in both dividends and share price once asset growth and momentum builds.
Jadestone Energy share price data is direct from the London Stock Exchange
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