Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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STAR not moving but COPL is.
The cheer leaders have turned up here!!😀
Welcome people!
Yep - over 900k now just seen a 75k share buy at 8p
Volume crossed 825,000 now ....great buying going on this morning expect a big rally this afternoon
Wow this has massive upside ..... saying its a 5 bagger....nice
Investing.com has this 525% upside!
https://twitter.com/EquityTrader888/status/1757006443910160610?t=J9JAcP9kuL6_9d_cDQtQtA&s=19
Thanks SEA7
On the leaderboard ...moving up the leaderboard nicely and primed for a massive breakout today i see a lot of people buying
Https://www.voxmarkets.co.uk/articles/canaccord-genuity-lowers-target-price-on-star-energy-fbdcc5a/
Volume over 800k today - and nearly 20 times the volume, all day on friday
You have the link?
Volume crossed 700,000 and majority all buys.... strong buying pressure coming in now
Buys coming in strong ..8.00 taken out expect mms to push this higher and let go very soon
Over the past year, Canaccord said Star has turned around "a declining UK production profile" for the first time in many years, through a combination of greater focus on incremental low-cost enhancements to well performance and significantly improved surface facilities efficiencies and uptime.
"That has clearly borne fruit over the past 12+ months, and we think there is plenty of scope to maintain that elevated performance at least over the next few years. That is important because while the company sees longer-term growth through its geothermal businesses, it is the UK conventional hydrocarbons that provide the backbone of cashflow in the nearer-term," said Canaccord.
The Canadian bank thinks the progress made by Star in the UK and in Croatia was "substantial", and certainly not reflected in its recent market performance.
Cannacord have a 65p target price on star energy as of December 2023
The only reason this stock is in the doldrums, is because sandgrove were selling into it, as they don't want exposure to geothermal
they are about done, if not already
$810m Current resource, Mcap £10m that's 97 bagger
wow 97 bagger!!!
$810 million dollars - not sterling - my mistake
Multiplying the volume (1 trillion cubic feet) by the current market price per unit would give an approximate value. For instance, if the current market price is $3 per thousand cubic feet (Mcf), then the value of 1 trillion cubic feet of natural gas would be approximately $3 million.
using the above, then 270tcf would be £810 million
Sea7
how much is this then
can anyone do the maths please
for 270 TCF (trillion cubic feet of gas)
How much is 1 billion cubic meter of natural gas worth?
To convert the price of 1 mmbtu of gas into the price for 1 bcm, multiply the price by 36.7 million, so that if for instance natural gas is priced at $5 mmbtu then the value for each 1 bcm is $183.5 million.
Company balance sheet shows...
£143 million total assets
£84 million total liabilities
net asset value of star energy as at last accounts was £59.3 million - 6 times the current cap.
Omg
how much is this then
can anyone do the maths please
for 270 TCF (trillion cubic feet of gas)
How much is 1 billion cubic meter of natural gas worth?
To convert the price of 1 mmbtu of gas into the price for 1 bcm, multiply the price by 36.7 million, so that if for instance natural gas is priced at $5 mmbtu then the value for each 1 bcm is $183.5 million.
270 Tcf
Sea7
is it 270 TCF of gas or 27 TCF?
Wow!!
19 years gas security for the UK!
that's like Qatar style gas for UK!
Sp is ridiculously cheap for what Star Energy has on their books