Update required from STAR - share is in the pits...
With Brent at close to year highs STAR is printing money - given its tax shelter / which leaves only the windfall tax as the primary government due!! |
What you are claiming is fraudulent.
ashkv24 Jun '24 - 14:13 - 209 of 236
I have been updated that Buyback and Dividends are soon to be announced!!! |
Tax up by 3% and 90% investment offset to be reduced
I doubt below Target Price modulates more than 5p to 10p
24 Apr 24 66p new target Cannacord Equity Research ->
"Valuation, target price and rating We take account for our new commodity assumptions and
make a number of adjustments to our model, taken together we increase our risked NPV10
based target price to 66p (from 55p) and maintain our Buy rating on Star Energy" |
Star Energy revenue for H1 2024 -> Avg Brent usd84.16 * 2000 boed * 183 days =USD 30.8mn |
 From April
"Securing this facility is an important milestone for Star Energy. It allows us to use cashflows from our existing oil and gas business to optimise near-term conventional production (with quick pay-backs) and deliver our transition strategy; namely developing and monetising our geothermal business in both the UK and Croatia.
We believe that we have particular, tangible competitive advantages in making the energy transition. We have a highly qualified team already in place and an established track record in onshore development - everything from sub-surface expertise and knowledge of planning and other environmental processes through to long-term and responsible operatorship competence. These skills are valuable in conventional and geothermal projects alike.
The size and structure of Kommunalkredit's facility evidences their confidence in Star's people and its transition strategy. Our ability to drawdown on this facility for our geothermal activities will allow this business to be positioned for longer term and sustained growth. It will also give us greater flexibility to continue to optimise the value of our entire asset portfolio, with short cycle returns."
Key Facility Terms
The new five-year €25 million secured facility matures on 31 December 2028. This unique, tailored package secured with KommunalKredit has two components - Facility A and Facility B.
Facility A will fund the repayment of the outstanding US$7 million balance on Star Energy's reserves based lending facility from BMO, which was due at the end of June 2024. It has a fixed interest rate of 9.384% and is repayable on 30 June 2025.
Facility B provides funding for Star Energy's geothermal development activities. It carries an interest rate of Euribor + 6% and has a five year term, with repayments scheduled to commence from 31 December 2025. |
They have a new bank facility (only partially drawn) and net debt at the of the year was almost net cash
Brent has been around 5% hughe4 on average HY24 vs FY23 |
Buy back means they have cash, but they just borrow €25m at 9.5% apr.
They used that loan to pay RBL, and that $7m needs to be repaid next year at at 9.6% apr |
24 Apr 24 66p new target Cannacord Equity Research ->
"Valuation, target price and rating We take account for our new commodity assumptions and
make a number of adjustments to our model, taken together we increase our risked NPV10
based target price to 66p (from 55p) and maintain our Buy rating on Star Energy" |
It was the tories did for STAR in the end imo. They stated they'd allow fracking where locals weren't in opposition, STAR got exciteable again then the tories changed their minds again.
Was nowhere for the co to go after that so they panicked and ended up in Croatia of all places. |
Reform looks very popular for a political party..
They're pro fracking so presuming STAR still have their shale plays they're likely the stocks best chance of a rise. |
If you do not have any dividends on performing business, you aren't surely going to see anything on the non-performing business. |
Facility A will fund the repayment of the outstanding US$7 million balance on Star Energy's reserves based lending facility from BMO, which was due at the end of June 2024. It has a fixed interest rate of 9.384% and is repayable on 30 June 2025.
Facility B provides funding for Star Energy's geothermal development activities. It carries an interest rate of Euribor + 6% and has a five year term, with repayments scheduled to commence from 31 December 20
Look at the interest charges on €25m. Paying the debt on top of the interest charges will be nearly impossible.
"Securing this facility is an important milestone for Star Energy. It allows us to use cashflows from our existing oil and gas business to optimise near-term conventional production (with quick pay-backs) and deliver our transition strategy; namely developing and monetising our geothermal business in both the UK and Croatia." |
So you think the share price is at 7.0p, and you get 50p?
Getting rid of them means you have no more folly debt and pay dividends. Did you see how much interest there is?
If they want to do GEO stuff, sell the O&G assets, and do a special dividend, then they do what they want |
Rather than requisitioning an EGM to oust the board - a takeover hopefully more likely.
CRIMINAL THAT MANAGEMENT HAVE NOT INSTITUTED A BUYBACK AT THESE ROCK BOTTOM LEVELS GIVEN BALANCE SHEET STRENGTH!!!
Crazy valuations given tax assets held by STAR Energy - Just 2% of 52 week low!!!
STAR Share Price-> 7.30p
Brent-> $85.75
STAR Current Share Price vs 52 Week low of 7.12p on 29 Feb 24-> 2.53%
STAR Current Share Price vs 52 Week High of 14.98p on 4 Jul 23-> -51.27%
Total Voting Rights-> 129,306,506
Market Cap GBP-> £9,439,375
GBPUSD-> 1.265
Market Cap USD-> $11,940,809
Net Debt-GBP (31 Dec 23)-> £1,600,000
Net Debt-USD (31 Dec 23)-> $2,024,000
Enterprise Value (USD)-> $13,964,809
STAR Actual Production Average Full Year 2023 Boe/d)-> 2,100
STAR 2024 Production Guidance (Boe/d)-> 2,000
STAR/IGAS Actual Average Production 2022-> 1,898
EV/BARREL- Actual 2023 Average Production-> $6,650
EV/BARREL-USD FY 2024 Guidance-> $6,982
Decommissioning Provision FY 2023 Results (GBP)-> £62,411,000
Decommissioning Provision FY 2023 Results (USD)-> $78,949,915
EV/BARREL-USD FY 2024 Guidance with Decommissioning-> $46,457
IGAS 2P Reserves Year End 2023 Boe-> 17,470,000
EV/2P-> $0.80 |
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