LONDON, July 6, 2026, 10:02 BST
- Coro saw just one trade on AJ Bell by 08:43 BST Monday: 256 shares at 3.001p, a £7.68 deal, traded against a 3.00p bid and 4.00p offer.
- The AGM will take place July 7 at 10 a.m. The most recent RNS on Investegate is the June 12 AGM notice.
- Coro’s planned US$20 million debt facility for Vietnam works out to roughly £15.0 million using the current GBP/USD rate, close to four times its £3.8 million equity value.
Coro Energy Plc LON:CORO saw barely any trading on Monday. The move didn’t tell much for the AIM-listed renewables developer, with a financing deadline still looming before Tuesday’s annual meeting.
London was open at the dateline period; the London Stock Exchange trades between 0800 and 1630 local time. AJ Bell reported Coro’s last print at 3.001p at 08:43 BST, down 14.26% on the day from a 3.50p prior close. Only 256 shares moved, worth £7.68. Market makers quoted 3.00p on the bid, 4.00p on the offer.
| Market marker | Coro Energy | AIM comparator |
|---|---|---|
| Last seen Monday trade | 3.001p | |
| Trade value on that print | £7.68 | |
| Bid/ask | 3.00p/4.00p | |
| Spread to mid price (%) | 28.6% | |
| FTSE AIM All-Share at 0945 BST | 779.09, up 0.39% |
Google Finance had the FTSE AIM All-Share at 779.09, up 0.39%, as of 0945 BST. For Coro holders, that’s the story: just one small trade can drive the daily move even while the rest of AIM stays inside a regular band.
Proactive Investors listed Coro at 3.50p, giving it a market cap near £3.8 million. ADVFN reported 108.5 million shares outstanding and said the stock started trading at 3.50p. That level puts the equity value around £3.80 million.
Coro said April 2 it got internal credit committee sign-off for a planned senior secured debt facility of up to US$20 million, starting with a committed tranche of up to US$10 million. The company said it was targeting completion in the first half of 2026, pending diligence, documents and other conditions. The AGM is just one date of note.
The first-half window closed June 30. As of Monday morning, Investegate’s Coro feed still showed the June 12 AGM notice as the most recent RNS. No later financial close statement was on the feed.
| Item | Amount | Against £3.8 mln market value |
|---|---|---|
| Equity market value now | £3.8 mln | 1.0x |
| First debt part | US$10 mln, about £7.5 mln | 2.0x |
| Total proposed facility | US$20 mln, about £15.0 mln | 3.9x |
| Company quoted Vietnam annual cash flow run-rate | US$720,000, about £540,000 | 14.2% |
| Estimated 2025 operating revenue | US$644,000, about £483,000 | 12.7% |
The deal uses GBP/USD at about 1.3333. The funding will cover up to 70% of capital costs for rooftop solar and battery storage projects in Vietnam that have contracts in place. The facility will be backed by Coro’s Vietnam operating platform, which includes project assets, contracts and cashflows.
Chairman Tom Richardson called the April debt deal “potentially transformative for the Company.” In Coro’s June annual results, Richardson said the focus is on building a scalable solar and battery storage business in Vietnam serving commercial and industrial buyers. Investegate
Coro posted 2025 revenue from operations of US$644,000, higher than last year’s US$297,000. Operating loss for 2025 came to US$2.7 million. As of Dec. 31, 2025, total equity stood at US$3.9 million, up from negative US$28.0 million twelve months before. The turnaround was supported by a US$17.8 million gain from Eurobond restructuring.
Coro wrapped up the sale of its Duyung PSC stake after getting the go-ahead from Indonesia and got 500,000 Conrad Asia Energy Ltd (ASX:CRD) shares. Coro pegged the value at around US$177,500, using Conrad’s April 24 close.
River Merchant Capital Limited owns 21.9 million Coro shares, or 20.20% of the voting rights, a June 5 filing showed. With Monday’s opening trade valued at under £8, that big holding means River Merchant has major influence at the AGM.
