Coro Energy (AIM: CORO)

Currency in GBP

Last close As at 20/09/2023

GBP0.00

0.01 (3.85%)

Market capitalisation

GBP7m

Latest Insights

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Oil & Gas | Flash note

Coro Energy — Cost reductions result in board restructuring

Oil & Gas | Flash note

Coro Energy — Positive Mako appraisal, Tambak non-commercial

Oil & Gas | Initiation

Coro Energy — South-East Asia growth strategy

Sector

Oil & Gas

Balance Sheet

Forecast net debt (US$m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 27.7 29.3 (7.0)
Relative 31.8 37.1 (9.3)
52 week high/low 0.4p/0.2p

Financials

Coro Energy has announced that in light of the unprecedented market changes, its board has initiated a material cost-reduction programme. As a result, James Menzies, the company’s CEO, saw his employment terminated with immediate effect. The board also mutually agreed with Nick Cooper that he will leave the company with immediate effect. Following these changes, the board will consist of James Parsons as nonexecutive chairman and Andrew Dennan, Marco Fumagalli and Fiona MacAulay as non-executive directors. As result of recent developments and Coro’s current situation, we are suspending our valuation.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2017A N/A N/A N/A N/A N/A N/A
2018A 0.0 (3.5) (3.5) 0.0 N/A N/A
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A

Thematics

thematic

Consumer

IPO apocalypse

thematic

TMT

ESG, moving beyond the box tick

thematic

Oil & Gas

Decarbonisation

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