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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mustang Energy Plc | LSE:MUST | London | Ordinary Share | GB00BJ9MHH56 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 30.60 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | -559k | -0.0460 | -6.65 | 3.72M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 30.60 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 30/4/2024 | 17:17 | UK RNS | Mustang Energy PLC Annual Financial Report |
| 12/4/2024 | 09:00 | UK RNS | Mustang Energy PLC Extension of PUSU deadline for Mustang and Cykel |
| 08/4/2024 | 11:35 | UK RNS | Mustang Energy PLC Issue of Convertible Loan Notes |
| 15/3/2024 | 09:00 | UK RNS | Mustang Energy PLC Extension of PUSU deadline for Mustang and Cykel |
| 14/3/2024 | 09:30 | UK RNS | Mustang Energy PLC Rule 2.4 announcement - possible offer by Mustang |
| 21/2/2024 | 10:40 | UK RNS | Mustang Energy PLC Form 8.3 - Mustang Energy PLC |
| 16/2/2024 | 07:00 | UK RNS | Mustang Energy PLC Extension of PUSU deadline for Mustang and Cykel |
| 15/2/2024 | 13:05 | UK RNS | Mustang Energy PLC Form 8.3 - Mustang Energy PLC |
| 15/2/2024 | 13:00 | UK RNS | Mustang Energy PLC Form 8.3 - Mustang Energy PLC |
| 06/2/2024 | 17:38 | UK RNS | Elizabeth Marguerite Bowyer Form 8.3 - Mustang Energy PLC |
Mustang Energy (MUST) Share Charts1 Year Mustang Energy Chart |
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1 Month Mustang Energy Chart |
Intraday Mustang Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/5/2024 | 07:28 | Mustang Energy MUST - SPAC/Shell Main Market listed | 1,105 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 06/5/2024 09:20 by Mustang Energy Daily Update Mustang Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker MUST. The last closing price for Mustang Energy was 30.60p.Mustang Energy currently has 12,161,966 shares in issue. The market capitalisation of Mustang Energy is £3,721,562. Mustang Energy has a price to earnings ratio (PE ratio) of -6.65. This morning MUST shares opened at - |
Posted at 01/5/2024 07:24 by begorrah88 From the annual reportA draft prospectus was filed with the Financial Conduct Authority (FCA) and it is in the FCA review process. It is currently expected that should the Proposed Acquisition proceed to completion, subject to FCA approval the prospectus will be published during Q2 2024. Then... To cover backs & ensure the Gallegos band wagon can keep rolling Going Concern On 23 November 2023 the company issued £200,000 10 per cent. unsecured convertible loan notes (the “November 2023 CLNs”), the proceeds from the November 2023 CLNs were used to satisfy trade creditors and future working capital. The November 2023 CLNs mature on the 31 May 2024 and convert automatically on Readmission at a conversion price of 6 pence. On 4 April 2024 the Company executed subscription agreements with 3 investors to issue a total of £200,000 unsecured convertible loan notes (the “April 2024 CLNs”). The April 2024 CLNs will bear no interest and subscription by the investors shall be conditional on (i) the approval of the Company’s shareholders of the Proposed Transaction; and (ii) the approval of Cykel’s shareholders of the Proposed Transaction. The April 2024 CLNs will mature on the 31 May 2024 and convert automatically on Readmission at a conversion price of 6 pence. Under the terms of the November 2023 CLNs Instrument, the November 2023 CLNs are automatically convertible into new Mustang Energy Shares if Readmission occurs on or before the Maturity Date. If Readmission occurs on or before the Maturity Date, the Directors, having assessed cash flow forecasts prepared for a period of at least 12 months, are of the opinion that the Company will have adequate working capital to meet the overhead costs of the enlarged group and given that upon Readmission the proposed acquisition would be unconditional. If Readmission does not occur by the Maturity Date the Company will need to raise additional funds through the issuance of debt or equity to pay overhead costs for the next 12 months from the date of approval of these financial statements. This will be to fund redemption of the November 2023 CLNs, due diligence costs for any new acquisition, publication of a new prospectus and readmission of the entire issued Mustang Energy Shares to trading. The directors are confident that sufficient funds will be raised in this scenario. This line made me laugh - Key Performance Indicators (KPI) The sole KPI for the company has been to source a suitable acquisition target. As at the date of this report this KPI has been met with the acquisition of a 22.1% equity interest in VRFB-H in April 2021. It does look as though they recognised the shame of them all having their snouts in the trough until the Enerox deal finally collapsed last year and stopped taking money out [as each of the other directors were paying themselves £2k pm for just being a director! & the chairman was taking £2.5k pm in addition to DG taking £10k pm]. Set out below are the emoluments of the Directors for the year ended 31 December 2022 (GBP): Director Salary and fees Taxable benefits Annual bonus and long term benefits Pension related benefits Share based payments Total £ £ £ £ £ £ Alan Broome, AM 30,000 - - - - 30,000 Dean Gallegos 120,000 - - - - 120,000 Peter Wale 24,000 - - - - 24,000 Simon Holden 24,000 - - - - 24,000 Jacqueline Yee 24,000 - - - - 24,000 Total 222,000 - - - - 222,000 Given the limited cash position of the company all payments to non-executive directors were waived in March 2023 and all payments to the Managing Director were waived in June 2023. This was the last date of approval of the directors’ remuneration policy by the company. |
Posted at 12/4/2024 07:47 by begorrah88 The deadline is 5pm on the 12th so might not be until after the market closes but we know MUST are no respectors of rules as the constant failures to update on missed deadlines with BMN showed us. |
Posted at 08/4/2024 11:50 by begorrah88 Raising funds to meet the terms and yet MUST haven't even made a formal offer yet? Or has Gallegos forgotten to inform the market? |
Posted at 08/4/2024 11:48 by begorrah88 So 6p admission price if DG ever gets around to getting this moving forward.Today's update could just as well be ensuring his income continues for the foreseeable future whilst he announces the next set of delays.'3 investors' divvying up £200k, which based on the RTO numbers, represents 20% of MUST total value! |
Posted at 15/3/2024 09:28 by begorrah88 To save everybody time why don't they just cut to 11th April - Gallegos announces change of terms to 2 MUST shares per Cykel.12th April further extension announced while Cykel consider terms but Gallegos has rooked another £10k out of it.Then Cykel walk away having wasted 4/5 months of their time but found other suitors & Gallegos announces looking at other opportunities for MUST. |
Posted at 28/2/2024 07:04 by begorrah88 From Cykel's results RNS todayOn 19 January 2024 the Company announced the suspension of our Aquis listing and that we had entered into non-binding heads of terms with Mustang Energy plc ("Mustang") for Mustang to acquire the entire share capital of the Company. This transaction, commonly referred to as a Reverse Takeover, will allow Cykel's shareholders to benefit from a listing on the Main Market of the London Stock Exchange. See hxxps://www.cykel.ai so, all seems to be on course |
Posted at 16/2/2024 09:47 by begorrah88 I'm sure Bixby is a smart cookie.He might be puzzled that DG has put a date into the public domain & once again, either misjudged how long it takes the FCA to review a potential prospectus, or has made errors in its' submission resulting in delays.He might be using DG/Must as useful idiots to get a better approach from another party or to get a better deal from MUST.It is notable that the 'takeover announcement' can be extended again next time but only if Cykel want to. |
Posted at 19/1/2024 08:27 by begorrah88 Well that is out of left field!Not quite the energy focussed play MUST are supposedly looking at.At least it is an interest & there is some excitement around the AI sector that MUST might be able to capitalise on.The Cykel guy seems quite switched on (if only in setting up businesses & selling them on).Absolutely no idea of any value of a MUST share if it ever does get to list but better outcome is now possible from what I expected.https://www |
Posted at 06/11/2023 07:12 by begorrah88 No hanging around at PineappleDays after pulling out of their previous plan they are straight on the case with a new one. Not like the shambling chancers at Must who continue to hide and will not update the market until every single other party has told them they are not part of any deal and announced it to their own shareholders [we may never hear as Garnett don't have to tell any markets and the FCA say MUST are not governed by them, MUST own website says they do not have to comply other than voluntary adoption of 'guidelines' so there will be no pressure on them from anywhere] Shame on you MUST |
Posted at 27/5/2022 08:32 by megaman2 Thnx for news unfortunately kibo energy is not really a big player that one would hang your hat on delivering big results .it's basically a new venture for them at the lower value end of the market. If they deliver great but bushveld energy has been claiming 200 MWh by 2020 and has been promising to deliver Installations In the near future since 2017 and has so far delivered zero. We don't know if that's their incompetence or just lack of market for vfrbs in the west . Neither cellcube or invinty seem to be delivering the volume of contracts forecast and consequentially the invinty share price is at an all time low from flotation mkt cap £75 mill and that's after a recent big fund raise . Talk is as talk until contracts start rolling in. A market cap of £75 mil for cellcube puts must share price at about 22 per share by my reckoning I'm open to being disagreed with there . Be delighted if it re-lists at 200 million market cap like invinity floated at but maybe that's now a fantasy . |
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