I would hope so!!! Back in net cash on sale!!!
7 Other expense
Other expense of £2.0 million relates to the preparation for sale of a non-core asset. It is expected that the sale proceeds will exceed the costs incurred in preparing the asset for sale. |
Ross Glover. Chief Executive Officer of Star Energy appears to be a gross incompetent or possibly a more dubious sort!!!
Sack the useless Chief Administrative Officer and all useless staff!!!
Run a barebones operation!!! Give yourself stock options!!!
Initiate buybacks and increase your/CEO wealth and those of shareholders whom you work for!!!
You do not work for your incompetent do nothing overpaid colleagues!!! It is not your obligation to pay them more even when there is no work!!!
This is capitalism not a job for life!!!
BEING A GOOD LEADER ENTAILS MAKING THE TOUGH CALLS!!! |
Trusting the tories with their on/off for fracking was bad enough they definitely shouldn't be trying to work with this labour gov it'll bankrupt them.
Find plays outside the country or close down and give any cash left back to investors imo. |
 Very disappointed in Star Management!!!
Vast increase in administrative expenses!!!
Stoke on Trent Geothermal a write-off!!
Pre-sale expenses WTF is that?
It appears STAR Management are swinding money from shareholders via dubious insider related consultancy contracts etc
Needs to be investigated!!! Sack the lot!!!
Which asset are they preparing for sale?
" Impairment of development costs of £4.3 million (H1 2023: £nil million) relating to the Stoke-on-Trent geothermal project following the decision by SSE to change the focus of the project towards an 'Energy from Waste' project. The majority of the Stoke-on-Trent development costs arose as part of the GT Energy UK Limited acquisition. A significant portion of the contingent consideration was based on achieving various milestones on that project. As a result of its cancellation, £2.3 million (H1 2023: £nil million) of the contingent consideration provision was released in the period;
· Other expenses of £2.0 million (H1 2023: £nil million) relating to the preparation for sale of a non-core asset. It is expected that the sale proceeds will exceed the costs incurred in preparing the asset for sale. £1.5 million of the expense will be paid in H2 2024;" |
This always seems to just wipe its face, seems a bit of a lifestyle company. Lets hope they can continue to fund their improbable geo thermal projects or else they'll start having to raise cash somehow. |
Very strange action here, this drop is specific to Star not the sector as a whole. Last dump for a bigger seller? |
Some manner of update from Star Energy management would be welcome! |
only 8 months ago, angus announced this...
The Company is pleased to announce that Ross Pearson, former Technical Director of Star Energy plc (formerly IGAS plc) is joining the Company as the lead on all wells and subsurface activity |
could angus be looking at stars onshore business...
Mr Herbert has been Angus Energy’s chief executive since 2023
In his DrillOrDrop interview, he also said:
There are plans for new wells or workovers at the Saltfleetby gas field and hints of onshore acquisitions |
could angus be looking at stars onshore business...
Mr Herbert has been Angus Energy’s chief executive since 2023
In his DrillOrDrop interview, he also said:
There are plans for new wells or workovers at the Saltfleetby gas field and hints of onshore acquisitions |
one possibility... from wikipedia
HFT algorithms also try to “sense” any pending large-size orders by sending multiple small-sized orders and analyzing the patterns and time taken in trade execution. |
What is the purpose of these tiny trades of one or two shares? The uncrossing trade today of 2 shares at 8p (total 16p), who bothers to do that and why? Is it an attempt to manipulate the price? |
Maybe get another opportunity to buy in before any rise September is just around the corner and I am an investor at this Mcap |
But then the government pulled the rug from under STAR a look where we are now. |
UK prime minister Keith Starmer standing up and saying the UK is going to be a geothermal global powerhouse Last time the government got involved with Star energy (igas) The share price went over £1.00 Don't leave it too late ! |
HTTps://oilprice.com/Alternative-Energy/Geothermal-Energy/Geothermal-Market-Poised-for-Accelerated-Growth-in-Coming-Years.html |
Geothermal Market Poised for Accelerated Growth in Coming YearsBy Rystad Energy - Aug 05, 2024, 3:00 PM CDTGeothermal energy is set to play a more significant role in the future energy mix, building on its current 0.3% share of the world's power supply.Geothermal capacity is expected to reach 28 GWe by 2030 and 110 GWe by 2050, driven by greenfield projects, brownfield developments, and resource optimization at existing assets. |
The windfall tax on the profits of energy and gas companies will rise 3%, to 38%, from November; |
The UK government has announced that the rate of the EPL (Energy Profits Levy) will increase from 38% from 1 November 2024, bringing the headline rate of tax on upstream oil and gas activities to 78%. The period that the levy applies is also being extended to 31 March 2030, the end of the financial year in which the current Parliament is due to finish. The Energy Security Investment Mechanism will remain in place "helping to provide confidence the levy will no longer apply if prices fall consistently to, or below, historically normal levels for a sustained period). The investment allowances will also be removed from the EPL for qualifying expenditure on or after 1 November 2024. As part of this, the government will also reduce the extent to which capital allowance claims (including first year allowances) can be taken into account in calculating levy profits. There are no plans to change the availability of capital allowances in the permanent regime. This isn't the kind news we need. |
Energy levy is coming. Labour wants to kill all O&G.
Enjoy !!
Regards,
F911
RMC |
NEW CEO NEEDS TO DO SOMETHING - SIGNIFICANT/I.E. 6 figure Share Buy would be a START!!!! |
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