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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lift Global Ventures Plc | LFT | Aquis Stock Exchange | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade | |
|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 16:29:59 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.225 | 0.225 | 0.25 | 0.225 | 0.225 |
| Top Posts |
|---|
Posted at 02/3/2025 14:50 by hedgehog 100 LFT has £1.25M. of convertible loan debt in TAE (Trans-Africa Energy Limited), which LFT still appears to be confident of recovering: as it was just due to uncertainty over the TIMING of recoverability that this debt has prudently been written down to zero.The first phase of the Takoradi-Tema Interconnection Project (TTIP) in Ghana was built in 2019, so the new Takoradi to Tema Pipeline expands existing infrastructure, as well as being onshore, which makes it less risky. Combined with the fact that Ghana is also one of Africa's economic success stories, and most stable countries, and it's easy to see why there are multiple parties interested in funding this attractive project. Ghana's debt restructuring probably delayed things, but with this now looking sorted, progress should accelerate. And once funding into TAE is agreed and received, LFT will immediately receive a payment of £350K., with a further £0.9M. on top of this still due (current deadline end of next month). It's worth noting that the price of any equity funding into TAE doesn't affect the value of LFT's investment, and that just one new strategic investor into TAE can be sufficient. 21/11/2024 07:00 RNS Regulatory News Lift Global Ventures PLC Final Results to 30 June 2024 AQSE:LFT Lift Global Ventures Plc " ... The consideration for Lift agreeing to the two New Redemption Dates, is that the Loan Notes shall be increased by TAE in the amount of £500,000 without Lift subscribing for further cash. Therefore, the principal amount to be redeemed on the New Redemption Date shall be £1,250,000. Whilst management continues to believe in the prospects of the TAE project and remains in continuous contact with its management, the delays to the receipt of the Funding has cast uncertainty over the timing of recoverability of the Company's investment. As such, management has adopted a prudent approach when valuing its investment in TAE and has therefore reduced the value of the investment to nil. TAE remains active in pursuing a variety of funding options to complete this phase of the first project, and the Company hopes to provide an update on the project in due course. ..." |
Posted at 27/2/2025 18:18 by hedgehog 100 LFT has fallen to just 0.2p mid this week (down 0.15p from 0.35p on Monday 24.2).That's a market cap. of just £191,420! And this looks like a very compelling buy opportunity. The TAE funding discussions have (since LFT's 21.11.24 finals) progressed to an advanced stage with one investor, and there's every reason to be optimistic about a successful conclusion:- 25/10/2024 06:00 RNS Regulatory News Lift Global Ventures PLC Update on Investee Company AQSE:LFT Lift Global Ventures Plc " ... TAE is in discussions with a number of parties regarding the funding of the Project which it hopes to conclude in due course; these parties include strategic investors, large EPIC contractors, oil and gas companies, and others. ..." 21/11/2024 07:00 RNS Regulatory News Lift Global Ventures PLC Final Results to 30 June 2024 AQSE:LFT Lift Global Ventures Plc " ... In the meantime, TAE is in discussions with a number of parties regarding the funding of the Project which it hopes to conclude in due course; these parties include strategic investors, large EPIC contractors, oil and gas companies, and others. ..." 31/01/2025 07:00 RNS Regulatory News Lift Global Ventures PLC Update on Investee Company AQSE:LFT Lift Global Ventures Plc " ... TAE is focused on developing energy infrastructure projects located primarily in Sub-Saharan Africa, the first of which is in Ghana. TAE is in advanced discussions with a Southern African state investor in relation to an investment into TAE ("Investor"). The Investor is looking to invest in oil and gas infrastructure and has undertaken extensive due diligence in relation to the TAE gas pipeline projects. ..." |
Posted at 02/2/2025 13:53 by hedgehog 100 31/01/2025 07:00 RNS Regulatory News Lift Global Ventures PLC Update on Investee Company AQSE:LFT Lift Global Ventures Plc"Lift Global Ventures Plc (AQSE:LFT), an investment company focused on financial media, technology and the energy sector, provides an update on its investment portfolio company, Trans-Africa Energy Limited ("TAE"). TAE is focused on developing energy infrastructure projects located primarily in Sub-Saharan Africa, the first of which is in Ghana. TAE is in advanced discussions with a Southern African state investor in relation to an investment into TAE ("Investor"). The Investor is looking to invest in oil and gas infrastructure and has undertaken extensive due diligence in relation to the TAE gas pipeline projects. In the event that any investment is secured by TAE then TAE and Lift have agreed the immediate repayment by TAE to Lift of £350,000 of the TAE Loan Notes ("Initial Payment"). Notwithstanding the Initial Payment, TAE shall remain liable for the outstanding principal of the Loan Note. In support of TAE's efforts to finalise the investment the Company has agreed to extend the Redemption Date from 31 January 2025 to 30 April 2025. In addition to the above, there have been several positive developments in Ghana over recent months. Ghana is a stable democracy, following the recent elections on 7 December 2024 there was a peaceful change of power from the New Patriotic Party to the New Democratic Congress party and the new President, John Mahama. On 29 January 2025, the Ghanan Ministry of Finance announced that Ghana has reached a significant breakthrough in its debt restructuring efforts, with all 25 participating creditor countries signing a Memorandum of Understanding (MoU), marking a crucial step toward the nation's economic recovery. Capitalised terms shall have the same meaning as the RNS dated 25 October 2024, unless otherwise defined. Related Party Transaction Roy Kelly, Non-Executive Chairman of the Company, is also a non-executive director of TAE in which the Company has the investment. Mr Kelly has been advising TAE since March 2021 and was appointed as a director of TAE in September 2022. Mr Kelly has no shares or equity in TAE. Zak Mir and Sandy Barblett (as the Independent Directors) of the Company have considered and agreed to the proposal to extend the Redemption Date. The Independent Directors have therefore decided to treat the extension of the Redemption Date as a related party transaction under the AQSE Growth Market Rules. The Independent Directors believe that the Redemption Date is in the best interests of the Company and that, having exercised reasonable care, skill and diligence, confirm that the related party transaction is fair and reasonable as far as the shareholders of the Company are concerned. The directors of the Company accept responsibility for the contents of this announcement The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014. Enquiries: Lift Global Ventures Plc Zak Mir, CEO +44 (0) 7867 527 659 Oberon Capital (AQSE Corporate Adviser and Broker) Nick Lovering, Adam Pollock, Mike Seabrook +44 (0) 203 179 5300 For more information please visit: www.liftgv.com " |
Posted at 03/1/2025 17:55 by hedgehog 100 From LFT's AQSE Growth Market Admission Document, dated 25th. April 2022, page 9:-"SHARE ADMISSION STATISTICS Number of Existing Ordinary Shares 34,000,000 Ordinary Shares Issue Price £0.03 Number of new Placing Shares and Subscription Shares issued at the Issue Price 57,543,334 Enlarged Share Capital 91,543,334 Total number of Options in issue on Admission 15,750,000 Total number of Warrants in issue on Admission 22,199,442 Fully diluted number of Ordinary Shares following Admission 129,492,776 Gross Proceeds from the Fundraise £1,726,300 Market capitalisation on Admission based on the Issue Price £2,746,300 AQSE Growth Market symbol (TIDM) LFT ISIN Number GB00BNG59574 LEI 2138002ZPE6M5X7XFX54 SEDOL BNG5957" |
Posted at 31/12/2024 12:53 by hedgehog 100 23/12/2024 07:00 RNS Regulatory News Lift Global Ventures PLC Update on Investee Company AQSE:LFT Lift Global Ventures Plc"Lift Global Ventures Plc (AQSE:LFT), an investment company focused on financial media, technology and the energy sector, notes that its investment portfolio company, Trans-Africa Energy Limited ("TAE") who is focused on developing energy infrastructure projects located primarily in Sub-Saharan Africa, the first of which is in Ghana is in discussions with a Southern African state investor in relation to an investment into TAE. As such the New Redemption Date of 31 December 2024 has been extended to 31 January 2025. Capitalised terms shall have the same meaning as the RNS dated 25 October 2024, unless otherwise defined. Related Party Transaction Roy Kelly, Non-Executive Chairman of the Company, is also a non-executive director of TAE in which the Company has the investment. Mr Kelly has been advising TAE since March 2021 and was appointed as a director of TAE in September 2022. Mr Kelly has no shares or equity in TAE. Zak Mir and Sandy Barblett (as the Independent Directors) of the Company have considered and agreed to the proposal to extend the New Redemption Date. The Independent Directors have therefore decided to treat the extension of the New Redemption Date as a related party transaction under the AQSE Growth Market Rules. The Independent Directors believe that the New Redemption Date is in the best interests of the Company and that, having exercised reasonable care, skill and diligence, confirm that the related party transaction is fair and reasonable as far as the shareholders of the Company are concerned. The directors of the Company accept responsibility for the contents of this announcement. The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014. Enquiries: Lift Global Ventures Plc Zak Mir, CEO +44 (0) 7867 527 659 Oberon Capital (AQSE Corporate Adviser and Broker) Nick Lovering, Adam Pollock, Mike Seabrook +44 (0) 203 179 5300 For more information please visit: www.liftgv.com" |
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