View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsSolgenics 배당 및 자사주 매입배당 기준 점검 0/6Solgenics 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률-62.0%자사주 매입 수익률총 주주 수익률-62.0%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • May 04Solgenics Proposes DelistingSolgenics Limited announced that it will shortly be posting a circular to shareholders in connection with a proposal for the cancellation of admission of the ordinary shares of no par value in the Company to trading on AIM, pursuant to Rule 41 of the AIM Rules for Companies. The Directors have conducted a review of the benefits and drawbacks to the Company and its shareholders in retaining its quotation on AIM, and believe that Cancellation is in the best interest of the Company and its shareholders as a whole. In reaching this conclusion, the Directors have considered the following key factors: the continued listing on AIM is unlikely to provide the Company with significantly wider or more cost-effective access to capital than the funding options it already has from majority shareholders in the near to mid-term; with a market capitalisation of £3.26 million the Directors have concluded that the most likely source of future funds will be through private capital; the considerable cost, management time and legal and regulatory burden associated with maintaining the Company's admission to trading on AIM are disproportionate to the benefits to the Company; there are negative operational influences on the business which come about directly as a result of being quoted, something which is accentuated by operating in an industry where the vast majority of the Company's peers are privately owned. The Company's peers also have far greater insight into its strategy, operational activities and future plans than the Company has into theirs, a factor which reduces the Company's relative competitiveness; the Company's market capitalisation and lack of liquidity in the Ordinary Shares have impacted certain of the potential advantages to having the shares admitted to trading on AIM. Accordingly, the Directors believe that it is in the best interests of the Company and its shareholders as a whole to cancel the admission of the Company's Ordinary Shares to trading on AIM. The Board does not consider that any potential benefits to the Company or Shareholders from retaining the AIM Admission are sufficient to justify the associated costs. In accordance with Rule 41 of the AIM Rules, the Company's Nominated Adviser has notified the London Stock Exchange of the proposed Cancellation. Pursuant to AIM Rule 41, the Cancellation can only be effected by the Company after securing a resolution of Shareholders in a general meeting passed by a requisite majority, being not less than 75 per cent. of the votes cast by Shareholders (in person or by proxy). The Directors have indicated they will vote in favour of the Cancellation. Under the AIM Rules, the Cancellation can only take place after the expiry of a period of twenty Business Days from the date on which notice of the Cancellation is given. In addition, a period of at least five Business Days following the Shareholder approval of the Cancellation is required before the Cancellation may be put into effect. Accordingly, if the Resolution to cancel the Admission is approved, the last day of dealings in the Ordinary Shares on AIM is expected to be 6 June 2023, and the Cancellation is expected to become effective at 7.00 a.m. on 7 June 2023.Recent Insider Transactions • Jan 19Non-Executive Director recently bought UK£56k worth of stockOn the 16th of January, Scott Fletcher bought around 7m shares on-market at roughly UK£0.0077 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£127k more in shares than they have sold in the last 12 months.공시 • Dec 02Ncondezi Energy Limited, Annual General Meeting, Dec 30, 2022Ncondezi Energy Limited, Annual General Meeting, Dec 30, 2022, at 12:00 South Africa Standard Time. Location: The Silo Hotel, Silo Square, V&A Waterfront, Cape Town, 8001 Cape Town South AfricaBoard Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Scott Fletcher was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Nov 01+ 1 more updateNcondezi Energy Limited Provides an Update on Its 300MW Solar Photovoltaic and Battery Energy Storage System Project Feasibility StudyThe Company plans to utilise the economies of scale to deliver a more competitive tariff solution than smaller projects being developed in the region. WSP conducted a red flag review of the Company's existing ESIA and supporting documentation completed on the Company's coal power project and mine, with no major issues identified. As the Solar Project is planned to be installed within the coal project's concession area, the existing ESIA, which was approved by the Mozambican authorities, can be utilised and updated to meet the latest requirements, local and international standards. This is expected to save significant cost and time for the Solar Project in preparing the ESIA for approval. The FS results provide key inputs to update the Solar Project tariff financial model. This is crucial to establish a more robust valuation for the project at the various generation stages as well as provide a tariff proposal for offtake negotiations. Given the positive draft FS results, the Company is targeting the delivery of an attractive project with a competitive tariff offering. The Company expects to have this work completed during November 2022 and will update shareholders as appropriate. In the same time period, the FS results will also be presented to the relevant Mozambican authorities to receive additional support to progress to the next phase, including confirmation of preferred grid connection solution and project design parameters. Potential off takers are also to be engaged in parallel to confirm potential power demand. The Company also expects to approach a select group of Engineering Procurement and Construction ("EPC") companies for indicative equipment pricing to further strengthen the capex and opex forecasts in the tariff model.분석 기사 • Oct 01Is Ncondezi Energy (LON:NCCL) Using Debt In A Risky Way?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...공시 • Sep 29Ncondezi Energy Limited Provides Update on Its300mw Solar Photovoltaic and Battery Energy Storage System ProjectNcondezi Energy Limited provided an update on its300MW solar photovoltaic and Battery Energy Storage System project; Solar Project feasibility study for up to 300MW solar PV power plant plus BESS (the "Study") on track for completion by the end of October 2022; Positive initial results including: Solar resource of 1,980kWh/m2 (Global Horizontal Irradiation) confirms excellent irradiation results; Energy yield over 2,000kWh/kWp confirms top tier performance potential; Transmission integration confirms grid capacity on existing infrastructure; No red flags identified on target plant sites; No red flags identified on Environmental and Social Impact ("ESIA") assessment review;o Development programme indicates first power target in 2024 is achievable; Solar FS Initial Results; Site Location; 3 preferred site locations were investigated for their suitability for the Solar Project, all with similar climate conditions and a generation potential of c.500MW each. Site visits were completed earlier this month by the Company's lead Study consultant, WSP Group Africa (Pty) Ltd. and no red flags were identified on any of the sites. A preferred site has been identified and will be confirmed at the completion of the Study. Solar Resource Assessment; Four weather datasets were obtained and reviewed for the Solar Project to confirm the solar energy that can be utilised by the solar modules. To ensure the solar data used was representative, a minimum of ten years of historical data was used to reduce any risks relating to inter-annual variation in the solar resource. The critical parameter for solar resource assessment is the Global Horizontal Irradiance ("GHI"), with the Solar Project achieving an average annual GHI of 1,980kWh/m2 which is considered excellent for the region. Energy Yield Assessment; Solar Project GHI results were used with system design assumptions to estimate the energy output of the project, achieving a specific yield of over 2,000kWh/kWp and performance ratio over 80%. These results are very positive, being in line with some of the most competitive grid scale projects in South Africa. It is worth noting that the specific yield and performance ratio do not vary considerably as the Solar Project is scaled to 300MW, although the project will benefit from economies of scale in the overall capex. Grid Connection; A full generation integration study was launched in parallel to the main Study to determine the optimal transmission line connection into the Mozambican grid. Various integration studies have been produced for the coal power project, and formed the basis for the Solar Project assessment. Working with the relevant local authorities, 6 potential solutions are being investigated taking into account potential scaling of the project, available or under construction transmission infrastructure and planned generation plants in the region. Initial results confirm that there is grid capacity for the Solar Project and more than one feasible evacuation solution. The next phase of the study will look to confirm the preferred transmission solution which optimises project economics, network capacity and timing. ESIA Red Flag Review; WSP conducted a red flag review of the Company's existing ESIA and supporting documentation completed on the Company's coal power project and mine, with no major issues identified. As the Solar Project is planned to be installed within the coal project's concession area, the existing ESIA, which were approved by the Mozambican authorities, can be utilised and updated to meet the latest requirements local and international standards. This is expected to save significant cost and time for the Solar Project.공시 • Sep 17Ncondezi Energy Limited announced that it expects to receive £0.1 million in fundingNcondezi Energy Limited announced a private placement of convertible loan for gross proceeds of £100,000 on September 16, 2022. The transaction will include participation from Michael Haworth and NED Scott Fletcher. The interest rate is 12% and will mature on November 30, 2023. The loan is being convertible into common shares at the higher the amount calculated by applying a 25% discount to the Volume Weighted Average Price on the thirty days immediately preceding the date of the conversion notice, the amount calculated by applying a 25% discount to the placing price if a placing of Shares has been concluded within 30 days prior to the date of the conversion notice and £0.005 per ordinary share. Converted Shares will be subject to orderly market provisions for 12 months after the conversion date공시 • Jul 15Ncondezi Energy Limited Updates on Its Solar Photovoltaic and Battery Energy Storage System Project in Tete, MozambiqueNcondezi Energy Limited provides an update on its solar photovoltaic ("PV") and Battery Energy Storage System ("BESS") project in Tete, Mozambique (the "Solar Project") being carried out through its wholly owned green energy subsidiary, Ncondezi Green Power Holding Ltd. ("NGP"). NGP launches feasibility study for up to 300MW solar PV power plant plus BESS ("FS Study"), FS Study requires approximately 4 months to complete and will be led by WSP Group Africa (Pty) Ltd. ("WSP"), Solar Project to be located within Ncondezi concession area with 3 preferred sites of c.500MW generation potential each already identified, Solar Project uniquely positioned to fast track first power to the grid as early as 2024, leveraging existing advanced stage development work, Estimated pre-money NPV of between $60m and US$65m and fully diluted cash flows of between $130m and $180m over 25 year period, All Mozambique permissions and approvals received to commission FS Study, FS Study expected to be funded through available capital following completion of the Seritza Limited ("Seritza") working capital facility term loan restructuring ("Restructuring") and Working capital position extended to October 2022 subject to the successful completion of the Restructuring and taking into account the working capital requirements of the FS Study.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Scott Fletcher was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Jan 18Ncondezi Energy Limited Provides an Update on the Integrated Ncondezi 300MW Power Project in Tete, MozambiqueNcondezi Energy Limited provided an update on the integrated Ncondezi 300MW power project in Tete, Mozambique. The case for the Project remains strong, there is a clear need for new baseload power in Mozambique to meet the Mozambique Government's own targets however the company also recognises that the environment for new coal power is challenging and the uncertainty on timing is causing a drag on the share price. The company see USD 2 billion Temane Gas Power (450MW) and related transmission infrastructure projects reached financial close last month and that work has begun on the Mozambique - Malawi interconnector project. Both demonstrate the Government is delivering on their "Energy For All" strategy and improving credibility as an investment destination for large infrastructure projects, particularly in the energy sector. As one of the most advanced baseload development power projects in the country we are in a prime position to assist the Government in continuing to meet their targets and energy transition to more cost effective and reliable forms of supply. While the company awaits for clarity on financing for the Project and feedback from EDM on the Transmission Integration Study, the Board has taken the decision to review and implement a cash conservation strategy to further extend the Company's working capital position beyond first half of 2022 to ensure no further funding is required in the immediate future.공시 • Aug 27Ncondezi Energy Limited has completed a Follow-on Equity Offering in the amount of £0.6 million.Ncondezi Energy Limited has completed a Follow-on Equity Offering in the amount of £0.6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 40,000,000 Price\Range: £0.015 Security Features: Attached Warrants Transaction Features: Subsequent Direct Listing공시 • Jun 09Ncondezi Energy Limited Provides an Update on Its Pipeline of Solar and Battery Storage Projects in the Commercial and Industrial SectorNcondezi Energy Limited provided an update on its pipeline of solar and battery storage projects in the Commercial and Industrial sector. NGP and CPL have signed the binding CPL Relationship Agreement giving NGP a right of first refusal to fund up to USD 5.5 million of CPL developed Projects in Mozambique. Under the agreement, CPL has identified 6 Initial Projects for development with a combined potential installed PV capacity of 2.8MWp and 6.2MWh battery storage. Capital costs range from USD 250,000 to USD 2.1 million. Should these Initial Projects meet the minimum KPI's and NGP exercise its right to fund, it would represent a potential annuity revenue stream of over USD 750,000 per annum. Each Project must meet a minimum set of KPIs before being presented to NGP for funding. These minimum KPIs include: Project must be located in Mozambique; Project size between USD 100,000 and USD 10,000,000; Use of proven technology; Minimum post tax unlevered equity IRR of at least 10% to Ncondezi; Minimum credit requirements met; Bankable offtake denominated in USD; Completion of credit checks on potential clients with additional credit support in place where required; Finalised Engineering Procurement and Construction and Operations & Maintenance contracts in place; and All consents and permits required to start construction in place. NGP will have the right to fund 100% of each Project's equity requirement, and Projects will be assessed for funding on a project by project basis. NGP will look to identify the optimal financing strategy for each Project and will look at both debt and equity options with gearing of up to 50%. Discussions with potential investors and debt providers to date have been positive as investment mandates and appetites to fund energy access and renewable power projects continues to grow. The first Projects are anticipated to be presented for funding review by NGP during second half of 2021. If a Project does meet the minimum KPIs, NGP has the right not to fund that Project without any penalty. However, should NGP elect not to fund any further Projects that meet the minimum KPIs, it will lose its ROFR over the remaining Projects. If a Project does not achieve the KPIs within the proposed time frame allocated, CPL has the ability to substitute that Project for alternative projects. As part of its ordinary course business as a developer, CPL is entitled to a capped development fee for each Project that Ncondezi funds, included as part of the Project capital cost. CPL is expected to provide management and operations & maintenance services for each of the Projects that achieves financial close in accordance with market-related commercial terms for projects of a similar nature, contracting directly with the power offtaker. Certain incentives to encourage CPL to achieve the best returns for each Project, will be paid through a profit sharing mechanism where an equity IRR hurdle of above 10% is achieved by NGP. The CPL Relationship Agreement will expire at the earlier of Ncondezi financing USD 5.5 million of Projects or 24 months from the date of entering into the CPL Relationship Agreement.공시 • Jun 02Ncondezi Energy Limited Announces Solar Battery Project UpdateNcondezi Energy Limited provided a further update on progress at maiden Commercial and Industrial ("C&I") 400kWp solar PV plus 912kWh battery storage project located in Mozambique (the "Project"): Construction of solar panels completed; Tesla battery packs and inverters now on site and installation underway; Commissioning of the Project on track for end of June 2021. 400kWp solar PV plus 912kWh battery storage project. Fully off-grid project, believed to be the first project of its type in Mozambique. Target Project commissioning in June 2021. Utilising market leading equipment including JA Solar panels, ABB Inverters and Tesla Power Pack. Targeting generation of up to 600MWh and CO2 savings up to 517t per annum. 15 year fixed price offtake agreement, denominated in USD with annual price escalations. Contracted revenues of USD 3.1m over the life of the Project.공시 • May 19Ncondezi Energy Limited Provides Project UpdateNcondezi Energy Limited provide an update on the integrated Ncondezi 300MW coal fired power project and coal mine in Tete, Mozambique (the "Project"). Ncondezi and their partners continue to await formal feedback from Electricidade de Moçambique ("EDM") and the Government of Mozambique following submission of all agreed studies in December 2020. Engineering, Procurement and Construction ("EPC") power plant contract with China Machinery Engineering Corporation ("CMEC") nearing completion. Approval received from relevant parties, including EDM, to conduct further work on optimised transmission integration solution, which is expected to further reduce costs.Recent Insider Transactions • Apr 10Non-Executive Director recently bought UK£350k worth of stockOn the 6th of April, Scott Fletcher bought around 10m shares on-market at roughly UK£0.035 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£8.8m more in shares than they have sold in the last 12 months.공시 • Nov 26Ncondezi Energy Limited has completed a Follow-on Equity Offering in the amount of £0.75 million.Ncondezi Energy Limited has completed a Follow-on Equity Offering in the amount of £0.75 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,666,667 Price\Range: £0.045 Transaction Features: Subsequent Direct Listing공시 • Nov 24Ncondezi Energy Limited, Annual General Meeting, Dec 16, 2020Ncondezi Energy Limited, Annual General Meeting, Dec 16, 2020, at 12:00 South Africa Standard Time. Location: Club Room 1, Main Club House Inanda Club, Forrest Rd & 6th Avenue, Inanda, Sandton Joannesburg South Africa Agenda: To consider report and accounts; to consider remuneration committee report; to re-election of Directors; to re-appointment and remuneration of auditor; to consider authority to issue ordinary shares; to consider disapplication of pre-emption rights; and to consider other matters.분석 기사 • Nov 21Scott Fletcher Just Bought 6.3% More Shares In Ncondezi Energy Limited (LON:NCCL)Ncondezi Energy Limited (LON:NCCL) shareholders (or potential shareholders) will be happy to see that insider Scott...Recent Insider Transactions • Nov 20Insider recently bought UK£8.3m worth of stockOn the 16th of November, Scott Fletcher bought around 2m shares on-market at roughly UK£3.77 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.공시 • Nov 17Ncondezi Energy Limited Enters into Supplementary Agreement to Joint Development Agreement with China Machinery Engineering CorporationNcondezi Energy Limited ("Ncondezi" or the "Company") announced that further to the announcement on 12 November 2020, it has signed a Supplementary Agreement to the Joint Development Agreement (the "SA") with China Machinery Engineering Corporation ("CMEC") pursuant to which CMEC will fund specified accelerated development works at the Ncondezi 300MW coal-fired power project and coal mine in Tete, Mozambique (the "Project"). JDA Supplementary Agreement: The SA sets out the agreed basis for accelerated development work to be carried out on the Project. Provisional budget of USD 1.8 million approved by the parties and to be funded by CMEC. Accelerated development work will focus on a number of milestones, including: Additional survey drilling required by CMEC to complete Chinese Government approvals for their investment in the Project. Ensuring key agreements such as the Engineering Procurement and Construction ("EPC") agreements are compliant with Mozambican laws. The SA is a supplement to the Joint Development Agreement announced in July 2019. The provisions of the JDA remain in full force and effect. Funds drawn down as part of the SA will be treated as pre financial close Project development costs, to be reimbursed at Financial Close along with the Company's approved historical development costs or by the Company or its affiliates in certain circumstances including the Company achieving financial close with a third party, or on the sale or liquidation of the project company holding the mine project or the power project. Ncondezi and CMEC to agree a form of share pledge as security for funding made by CMEC as part of the SA. Ncondezi will pledge shares in its wholly owned Mozambican subsidiary that holds the power project ("PowerCo"). The number of shares pledged will be equivalent to the amount funded by CMEC, divided by the nominal value per share of PowerCo's shares. The total nominal value of all PowerCo's shares is USD 15.7 million, so assuming CMEC funds the full USD 1.8 million, Ncondezi would need to pledge approximately 11% of its shares in PowerCo to CMEC. Pledge will be released upon achievement of Financial Close with CMEC as strategic partner.공시 • Oct 29Ncondezi Energy Limited Appoints Scott Fletcher as A Non-Executive Director of the Company with Immediate EffectNcondezi Energy Limited announced that Scott Fletcher MBE has been appointed as a Non-Executive Director of the Company with immediate effect. Scott Fletcher is a director of UK Bond Network Group Limited which has been in administration since 1 November 2019.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 SGN 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: SGN 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Solgenics 배당 수익률 vs 시장SGN의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (SGN)n/a시장 하위 25% (GB)2.2%시장 상위 25% (GB)5.6%업계 평균 (Oil and Gas)4.0%분석가 예측 (SGN) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 SGN 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 SGN 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 SGN 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: SGN 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YGB 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/06/07 00:15종가2023/06/06 00:00수익2022/06/30연간 수익2021/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Solgenics Limited는 3명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Alexander BrooksCanaccord GenuityMartin PottsCavendishAndrey LitvinEdison Investment Research
공시 • May 04Solgenics Proposes DelistingSolgenics Limited announced that it will shortly be posting a circular to shareholders in connection with a proposal for the cancellation of admission of the ordinary shares of no par value in the Company to trading on AIM, pursuant to Rule 41 of the AIM Rules for Companies. The Directors have conducted a review of the benefits and drawbacks to the Company and its shareholders in retaining its quotation on AIM, and believe that Cancellation is in the best interest of the Company and its shareholders as a whole. In reaching this conclusion, the Directors have considered the following key factors: the continued listing on AIM is unlikely to provide the Company with significantly wider or more cost-effective access to capital than the funding options it already has from majority shareholders in the near to mid-term; with a market capitalisation of £3.26 million the Directors have concluded that the most likely source of future funds will be through private capital; the considerable cost, management time and legal and regulatory burden associated with maintaining the Company's admission to trading on AIM are disproportionate to the benefits to the Company; there are negative operational influences on the business which come about directly as a result of being quoted, something which is accentuated by operating in an industry where the vast majority of the Company's peers are privately owned. The Company's peers also have far greater insight into its strategy, operational activities and future plans than the Company has into theirs, a factor which reduces the Company's relative competitiveness; the Company's market capitalisation and lack of liquidity in the Ordinary Shares have impacted certain of the potential advantages to having the shares admitted to trading on AIM. Accordingly, the Directors believe that it is in the best interests of the Company and its shareholders as a whole to cancel the admission of the Company's Ordinary Shares to trading on AIM. The Board does not consider that any potential benefits to the Company or Shareholders from retaining the AIM Admission are sufficient to justify the associated costs. In accordance with Rule 41 of the AIM Rules, the Company's Nominated Adviser has notified the London Stock Exchange of the proposed Cancellation. Pursuant to AIM Rule 41, the Cancellation can only be effected by the Company after securing a resolution of Shareholders in a general meeting passed by a requisite majority, being not less than 75 per cent. of the votes cast by Shareholders (in person or by proxy). The Directors have indicated they will vote in favour of the Cancellation. Under the AIM Rules, the Cancellation can only take place after the expiry of a period of twenty Business Days from the date on which notice of the Cancellation is given. In addition, a period of at least five Business Days following the Shareholder approval of the Cancellation is required before the Cancellation may be put into effect. Accordingly, if the Resolution to cancel the Admission is approved, the last day of dealings in the Ordinary Shares on AIM is expected to be 6 June 2023, and the Cancellation is expected to become effective at 7.00 a.m. on 7 June 2023.
Recent Insider Transactions • Jan 19Non-Executive Director recently bought UK£56k worth of stockOn the 16th of January, Scott Fletcher bought around 7m shares on-market at roughly UK£0.0077 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£127k more in shares than they have sold in the last 12 months.
공시 • Dec 02Ncondezi Energy Limited, Annual General Meeting, Dec 30, 2022Ncondezi Energy Limited, Annual General Meeting, Dec 30, 2022, at 12:00 South Africa Standard Time. Location: The Silo Hotel, Silo Square, V&A Waterfront, Cape Town, 8001 Cape Town South Africa
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Scott Fletcher was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Nov 01+ 1 more updateNcondezi Energy Limited Provides an Update on Its 300MW Solar Photovoltaic and Battery Energy Storage System Project Feasibility StudyThe Company plans to utilise the economies of scale to deliver a more competitive tariff solution than smaller projects being developed in the region. WSP conducted a red flag review of the Company's existing ESIA and supporting documentation completed on the Company's coal power project and mine, with no major issues identified. As the Solar Project is planned to be installed within the coal project's concession area, the existing ESIA, which was approved by the Mozambican authorities, can be utilised and updated to meet the latest requirements, local and international standards. This is expected to save significant cost and time for the Solar Project in preparing the ESIA for approval. The FS results provide key inputs to update the Solar Project tariff financial model. This is crucial to establish a more robust valuation for the project at the various generation stages as well as provide a tariff proposal for offtake negotiations. Given the positive draft FS results, the Company is targeting the delivery of an attractive project with a competitive tariff offering. The Company expects to have this work completed during November 2022 and will update shareholders as appropriate. In the same time period, the FS results will also be presented to the relevant Mozambican authorities to receive additional support to progress to the next phase, including confirmation of preferred grid connection solution and project design parameters. Potential off takers are also to be engaged in parallel to confirm potential power demand. The Company also expects to approach a select group of Engineering Procurement and Construction ("EPC") companies for indicative equipment pricing to further strengthen the capex and opex forecasts in the tariff model.
분석 기사 • Oct 01Is Ncondezi Energy (LON:NCCL) Using Debt In A Risky Way?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
공시 • Sep 29Ncondezi Energy Limited Provides Update on Its300mw Solar Photovoltaic and Battery Energy Storage System ProjectNcondezi Energy Limited provided an update on its300MW solar photovoltaic and Battery Energy Storage System project; Solar Project feasibility study for up to 300MW solar PV power plant plus BESS (the "Study") on track for completion by the end of October 2022; Positive initial results including: Solar resource of 1,980kWh/m2 (Global Horizontal Irradiation) confirms excellent irradiation results; Energy yield over 2,000kWh/kWp confirms top tier performance potential; Transmission integration confirms grid capacity on existing infrastructure; No red flags identified on target plant sites; No red flags identified on Environmental and Social Impact ("ESIA") assessment review;o Development programme indicates first power target in 2024 is achievable; Solar FS Initial Results; Site Location; 3 preferred site locations were investigated for their suitability for the Solar Project, all with similar climate conditions and a generation potential of c.500MW each. Site visits were completed earlier this month by the Company's lead Study consultant, WSP Group Africa (Pty) Ltd. and no red flags were identified on any of the sites. A preferred site has been identified and will be confirmed at the completion of the Study. Solar Resource Assessment; Four weather datasets were obtained and reviewed for the Solar Project to confirm the solar energy that can be utilised by the solar modules. To ensure the solar data used was representative, a minimum of ten years of historical data was used to reduce any risks relating to inter-annual variation in the solar resource. The critical parameter for solar resource assessment is the Global Horizontal Irradiance ("GHI"), with the Solar Project achieving an average annual GHI of 1,980kWh/m2 which is considered excellent for the region. Energy Yield Assessment; Solar Project GHI results were used with system design assumptions to estimate the energy output of the project, achieving a specific yield of over 2,000kWh/kWp and performance ratio over 80%. These results are very positive, being in line with some of the most competitive grid scale projects in South Africa. It is worth noting that the specific yield and performance ratio do not vary considerably as the Solar Project is scaled to 300MW, although the project will benefit from economies of scale in the overall capex. Grid Connection; A full generation integration study was launched in parallel to the main Study to determine the optimal transmission line connection into the Mozambican grid. Various integration studies have been produced for the coal power project, and formed the basis for the Solar Project assessment. Working with the relevant local authorities, 6 potential solutions are being investigated taking into account potential scaling of the project, available or under construction transmission infrastructure and planned generation plants in the region. Initial results confirm that there is grid capacity for the Solar Project and more than one feasible evacuation solution. The next phase of the study will look to confirm the preferred transmission solution which optimises project economics, network capacity and timing. ESIA Red Flag Review; WSP conducted a red flag review of the Company's existing ESIA and supporting documentation completed on the Company's coal power project and mine, with no major issues identified. As the Solar Project is planned to be installed within the coal project's concession area, the existing ESIA, which were approved by the Mozambican authorities, can be utilised and updated to meet the latest requirements local and international standards. This is expected to save significant cost and time for the Solar Project.
공시 • Sep 17Ncondezi Energy Limited announced that it expects to receive £0.1 million in fundingNcondezi Energy Limited announced a private placement of convertible loan for gross proceeds of £100,000 on September 16, 2022. The transaction will include participation from Michael Haworth and NED Scott Fletcher. The interest rate is 12% and will mature on November 30, 2023. The loan is being convertible into common shares at the higher the amount calculated by applying a 25% discount to the Volume Weighted Average Price on the thirty days immediately preceding the date of the conversion notice, the amount calculated by applying a 25% discount to the placing price if a placing of Shares has been concluded within 30 days prior to the date of the conversion notice and £0.005 per ordinary share. Converted Shares will be subject to orderly market provisions for 12 months after the conversion date
공시 • Jul 15Ncondezi Energy Limited Updates on Its Solar Photovoltaic and Battery Energy Storage System Project in Tete, MozambiqueNcondezi Energy Limited provides an update on its solar photovoltaic ("PV") and Battery Energy Storage System ("BESS") project in Tete, Mozambique (the "Solar Project") being carried out through its wholly owned green energy subsidiary, Ncondezi Green Power Holding Ltd. ("NGP"). NGP launches feasibility study for up to 300MW solar PV power plant plus BESS ("FS Study"), FS Study requires approximately 4 months to complete and will be led by WSP Group Africa (Pty) Ltd. ("WSP"), Solar Project to be located within Ncondezi concession area with 3 preferred sites of c.500MW generation potential each already identified, Solar Project uniquely positioned to fast track first power to the grid as early as 2024, leveraging existing advanced stage development work, Estimated pre-money NPV of between $60m and US$65m and fully diluted cash flows of between $130m and $180m over 25 year period, All Mozambique permissions and approvals received to commission FS Study, FS Study expected to be funded through available capital following completion of the Seritza Limited ("Seritza") working capital facility term loan restructuring ("Restructuring") and Working capital position extended to October 2022 subject to the successful completion of the Restructuring and taking into account the working capital requirements of the FS Study.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Scott Fletcher was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Jan 18Ncondezi Energy Limited Provides an Update on the Integrated Ncondezi 300MW Power Project in Tete, MozambiqueNcondezi Energy Limited provided an update on the integrated Ncondezi 300MW power project in Tete, Mozambique. The case for the Project remains strong, there is a clear need for new baseload power in Mozambique to meet the Mozambique Government's own targets however the company also recognises that the environment for new coal power is challenging and the uncertainty on timing is causing a drag on the share price. The company see USD 2 billion Temane Gas Power (450MW) and related transmission infrastructure projects reached financial close last month and that work has begun on the Mozambique - Malawi interconnector project. Both demonstrate the Government is delivering on their "Energy For All" strategy and improving credibility as an investment destination for large infrastructure projects, particularly in the energy sector. As one of the most advanced baseload development power projects in the country we are in a prime position to assist the Government in continuing to meet their targets and energy transition to more cost effective and reliable forms of supply. While the company awaits for clarity on financing for the Project and feedback from EDM on the Transmission Integration Study, the Board has taken the decision to review and implement a cash conservation strategy to further extend the Company's working capital position beyond first half of 2022 to ensure no further funding is required in the immediate future.
공시 • Aug 27Ncondezi Energy Limited has completed a Follow-on Equity Offering in the amount of £0.6 million.Ncondezi Energy Limited has completed a Follow-on Equity Offering in the amount of £0.6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 40,000,000 Price\Range: £0.015 Security Features: Attached Warrants Transaction Features: Subsequent Direct Listing
공시 • Jun 09Ncondezi Energy Limited Provides an Update on Its Pipeline of Solar and Battery Storage Projects in the Commercial and Industrial SectorNcondezi Energy Limited provided an update on its pipeline of solar and battery storage projects in the Commercial and Industrial sector. NGP and CPL have signed the binding CPL Relationship Agreement giving NGP a right of first refusal to fund up to USD 5.5 million of CPL developed Projects in Mozambique. Under the agreement, CPL has identified 6 Initial Projects for development with a combined potential installed PV capacity of 2.8MWp and 6.2MWh battery storage. Capital costs range from USD 250,000 to USD 2.1 million. Should these Initial Projects meet the minimum KPI's and NGP exercise its right to fund, it would represent a potential annuity revenue stream of over USD 750,000 per annum. Each Project must meet a minimum set of KPIs before being presented to NGP for funding. These minimum KPIs include: Project must be located in Mozambique; Project size between USD 100,000 and USD 10,000,000; Use of proven technology; Minimum post tax unlevered equity IRR of at least 10% to Ncondezi; Minimum credit requirements met; Bankable offtake denominated in USD; Completion of credit checks on potential clients with additional credit support in place where required; Finalised Engineering Procurement and Construction and Operations & Maintenance contracts in place; and All consents and permits required to start construction in place. NGP will have the right to fund 100% of each Project's equity requirement, and Projects will be assessed for funding on a project by project basis. NGP will look to identify the optimal financing strategy for each Project and will look at both debt and equity options with gearing of up to 50%. Discussions with potential investors and debt providers to date have been positive as investment mandates and appetites to fund energy access and renewable power projects continues to grow. The first Projects are anticipated to be presented for funding review by NGP during second half of 2021. If a Project does meet the minimum KPIs, NGP has the right not to fund that Project without any penalty. However, should NGP elect not to fund any further Projects that meet the minimum KPIs, it will lose its ROFR over the remaining Projects. If a Project does not achieve the KPIs within the proposed time frame allocated, CPL has the ability to substitute that Project for alternative projects. As part of its ordinary course business as a developer, CPL is entitled to a capped development fee for each Project that Ncondezi funds, included as part of the Project capital cost. CPL is expected to provide management and operations & maintenance services for each of the Projects that achieves financial close in accordance with market-related commercial terms for projects of a similar nature, contracting directly with the power offtaker. Certain incentives to encourage CPL to achieve the best returns for each Project, will be paid through a profit sharing mechanism where an equity IRR hurdle of above 10% is achieved by NGP. The CPL Relationship Agreement will expire at the earlier of Ncondezi financing USD 5.5 million of Projects or 24 months from the date of entering into the CPL Relationship Agreement.
공시 • Jun 02Ncondezi Energy Limited Announces Solar Battery Project UpdateNcondezi Energy Limited provided a further update on progress at maiden Commercial and Industrial ("C&I") 400kWp solar PV plus 912kWh battery storage project located in Mozambique (the "Project"): Construction of solar panels completed; Tesla battery packs and inverters now on site and installation underway; Commissioning of the Project on track for end of June 2021. 400kWp solar PV plus 912kWh battery storage project. Fully off-grid project, believed to be the first project of its type in Mozambique. Target Project commissioning in June 2021. Utilising market leading equipment including JA Solar panels, ABB Inverters and Tesla Power Pack. Targeting generation of up to 600MWh and CO2 savings up to 517t per annum. 15 year fixed price offtake agreement, denominated in USD with annual price escalations. Contracted revenues of USD 3.1m over the life of the Project.
공시 • May 19Ncondezi Energy Limited Provides Project UpdateNcondezi Energy Limited provide an update on the integrated Ncondezi 300MW coal fired power project and coal mine in Tete, Mozambique (the "Project"). Ncondezi and their partners continue to await formal feedback from Electricidade de Moçambique ("EDM") and the Government of Mozambique following submission of all agreed studies in December 2020. Engineering, Procurement and Construction ("EPC") power plant contract with China Machinery Engineering Corporation ("CMEC") nearing completion. Approval received from relevant parties, including EDM, to conduct further work on optimised transmission integration solution, which is expected to further reduce costs.
Recent Insider Transactions • Apr 10Non-Executive Director recently bought UK£350k worth of stockOn the 6th of April, Scott Fletcher bought around 10m shares on-market at roughly UK£0.035 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£8.8m more in shares than they have sold in the last 12 months.
공시 • Nov 26Ncondezi Energy Limited has completed a Follow-on Equity Offering in the amount of £0.75 million.Ncondezi Energy Limited has completed a Follow-on Equity Offering in the amount of £0.75 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,666,667 Price\Range: £0.045 Transaction Features: Subsequent Direct Listing
공시 • Nov 24Ncondezi Energy Limited, Annual General Meeting, Dec 16, 2020Ncondezi Energy Limited, Annual General Meeting, Dec 16, 2020, at 12:00 South Africa Standard Time. Location: Club Room 1, Main Club House Inanda Club, Forrest Rd & 6th Avenue, Inanda, Sandton Joannesburg South Africa Agenda: To consider report and accounts; to consider remuneration committee report; to re-election of Directors; to re-appointment and remuneration of auditor; to consider authority to issue ordinary shares; to consider disapplication of pre-emption rights; and to consider other matters.
분석 기사 • Nov 21Scott Fletcher Just Bought 6.3% More Shares In Ncondezi Energy Limited (LON:NCCL)Ncondezi Energy Limited (LON:NCCL) shareholders (or potential shareholders) will be happy to see that insider Scott...
Recent Insider Transactions • Nov 20Insider recently bought UK£8.3m worth of stockOn the 16th of November, Scott Fletcher bought around 2m shares on-market at roughly UK£3.77 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
공시 • Nov 17Ncondezi Energy Limited Enters into Supplementary Agreement to Joint Development Agreement with China Machinery Engineering CorporationNcondezi Energy Limited ("Ncondezi" or the "Company") announced that further to the announcement on 12 November 2020, it has signed a Supplementary Agreement to the Joint Development Agreement (the "SA") with China Machinery Engineering Corporation ("CMEC") pursuant to which CMEC will fund specified accelerated development works at the Ncondezi 300MW coal-fired power project and coal mine in Tete, Mozambique (the "Project"). JDA Supplementary Agreement: The SA sets out the agreed basis for accelerated development work to be carried out on the Project. Provisional budget of USD 1.8 million approved by the parties and to be funded by CMEC. Accelerated development work will focus on a number of milestones, including: Additional survey drilling required by CMEC to complete Chinese Government approvals for their investment in the Project. Ensuring key agreements such as the Engineering Procurement and Construction ("EPC") agreements are compliant with Mozambican laws. The SA is a supplement to the Joint Development Agreement announced in July 2019. The provisions of the JDA remain in full force and effect. Funds drawn down as part of the SA will be treated as pre financial close Project development costs, to be reimbursed at Financial Close along with the Company's approved historical development costs or by the Company or its affiliates in certain circumstances including the Company achieving financial close with a third party, or on the sale or liquidation of the project company holding the mine project or the power project. Ncondezi and CMEC to agree a form of share pledge as security for funding made by CMEC as part of the SA. Ncondezi will pledge shares in its wholly owned Mozambican subsidiary that holds the power project ("PowerCo"). The number of shares pledged will be equivalent to the amount funded by CMEC, divided by the nominal value per share of PowerCo's shares. The total nominal value of all PowerCo's shares is USD 15.7 million, so assuming CMEC funds the full USD 1.8 million, Ncondezi would need to pledge approximately 11% of its shares in PowerCo to CMEC. Pledge will be released upon achievement of Financial Close with CMEC as strategic partner.
공시 • Oct 29Ncondezi Energy Limited Appoints Scott Fletcher as A Non-Executive Director of the Company with Immediate EffectNcondezi Energy Limited announced that Scott Fletcher MBE has been appointed as a Non-Executive Director of the Company with immediate effect. Scott Fletcher is a director of UK Bond Network Group Limited which has been in administration since 1 November 2019.