ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

AXM Alexander Mining Plc

0.0275
0.00 (0.00%)
11 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alexander Mining Plc LSE:AXM London Ordinary Share GB00B06K1665 ORD 0.001P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0275 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.025 0.03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0275 GBX

Alexander Mining (AXM) Latest News

Real-Time news about Alexander Mining Plc (London Stock Exchange): 0 recent articles

Alexander Mining (AXM) Discussions and Chat

Alexander Mining Forums and Chat

Date Time Title Posts
25/2/202022:53Alexander Mining from mining to technology4,484
20/9/201815:38alexander mining - 2018 and beyond2
04/4/201621:46AXIOMLAB ACTION GROUP215
04/2/201520:23Alexander Mining-
02/4/201314:16Axmin inc. African Gold Explorer and Miner333

Add a New Thread

Alexander Mining (AXM) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Alexander Mining (AXM) Top Chat Posts

Top Posts
Posted at 02/1/2020 09:37 by moneymunch
Number of New Ordinary Shares of 0.3 pence each to be admitted
following consolidation:

New Ordinary Shares: 130,926,167

Issue price per new ordinary share: 7.5 p

All of the Company's AIM securities will be freely transferable.

No ordinary shares will be held as treasury shares on Admission
to AIM.
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised on admission: GBP2 million

Anticipated market capitalisation on admission: GBP9.8 million
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
41.9%

EXPECTED ADMISSION DATE:

9 January 2020
Posted at 30/12/2019 21:03 by moneymunch
Preferably we want the market cap of the new entity, EAAS, on listing to be much greater than AXM's current £2m market cap....the share consolidation is a matter of fact, divide the number of AXM shares you hold by 75,000 and then x by 250, to give you the number of new shares in EAAS that you will then hold.

According to the acquisition RNS, elight Directors on completion and subsequent share consolidation, will hold 86,264,528 of shares in EAAS, which represents 65.89% , which will mean there will be 130m plus shares in issue for the new entity EAAS. ( including the 26,666,667 placing shares which raised £2m at 7.5p a share ) which would suggest an initial listing and market cap of £9.8m at 7.5p a share....but of course this could be much much higher dependent on sentiment and demand and any positive news that might be included. Gla ;-)
Posted at 30/12/2019 18:22 by seagreen
in theory they are reversing a company worth £6.5m into a vehicle with a market cap of £2m (they raised a further £2m)

I am not worried about share price as long as each share ranks pari passu maybe this is pre rto market cap?
Posted at 30/12/2019 13:26 by moneymunch
Description of business:

On 25 September 2019, the Company announced that it intended to dispose of its wholly owned subsidiary, MetaLeach Limited, and make an acquisition which constituted a reverse takeover under Rule 14 of the AIM Rules.

On 29 November 2019, the Company announced that it was seeking a suspension of trading in its shares on AIM and was seeking to acquire the entire issued share capital of eLight Group Holdings Limited ("eLight") and, inter alia, undertake a placing, share consolidation, disposal of MetaLeach and change of name to eEnergy Group plc, subject to shareholder approval.

Following Admission, the main countries of operation will be UK and Ireland. eLight is an "Energy Efficiency as a Service" Republic of Ireland registered company which provides commercial customers with immediate energy and cost reductions with zero upfront investment by delivering Light-as-a-Service.

eLight had revenues of approximately €4.5 million and loss before tax of approximately €1.6 million in the period to 30 June 2019. eLight has built a strong position in the UK and Ireland, offering customers the ability to switch to LED lighting technology without capital investment, improve the quality of their lighting and reduce their carbon footprint.

eLight's service agreements provide customers with a fully maintained solution for the term of the agreement. The monthly energy savings which are unlocked are more than the monthly service fee, so customers generate immediate positive cash flow in addition to reducing their carbon footprint.

Energy efficiency upgrades are typically capital intensive, which has traditionally acted as a barrier for organisations looking to reduce their energy consumption. eLight removes these barriers with its service agreement-based business model.

The market in the EU for energy efficiency services in 2017 was approximately ?25 billion and is expected to double by 2025. eLight can also provide customers with LED lighting installation services under a traditional "supply and install" service.

eLight's use of performance-insured contracts for its customers and partnerships with providers of project finance in the UK and the Eurozone enables it to generate positive cashflows upon completion of an installation, with no residual credit exposure to the customer under the service agreement.

eLight has secured contracts directly with certain of the world's leading technology manufacturers, bypassing distributors and wholesale channels to ensure a competitive advantage for its projects, and is in negotiations with a leading green and clean technology funding partner to obtain a dedicated fund for its energy service agreements.
Posted at 24/12/2019 22:51 by moneymunch
Current market cap is £2m....!!!

Elight to trade on London’s AIM after £6.6m reverse takeoverIrish-founded company, which is to rebrand as eEnergy, also raises £2m from investorsThe renamed eEnergy is expected to start trading on the AIM on January 9th.

Charlie Taylor

Fri, Dec 20, 2019, 09:30

    

Irish-founded energy-saving lighting specialist eLight has raised £2 million (€2.3 million) from investors and is to start trading in London early next year following a £6.6 million reverse takeover of an AIM-listed company.

The company, which is to rebrand as eEnergy Group, installs and manages energy-efficient LED lighting solutions for the commercial sector. It provides an energy efficiency-as-a-service model in partnership with the likes of Philips ;and Actavo that means it pays upfront costs for installing LED lighting. Clients include Ires Reit, the State’s largest landlord, and hotel group Dalata.

The firm was founded by Ian McKenna in 2012, a former EY Entrepreneur of the Year finalist, and has more than 800 client projects across Ireland and Britain.

The company is now led by Harvey Sinclair, founder of Energy Works, which merged with eLight in 2018 in a move that enabled the combined group announce plans to invest €100 million in sustainable projects over a three-year period.

The renamed eEnergy is expected to start trading on the AIM on January 9th following a reverse takeover of Alexander Mining. It also said it has raised conditionally £2 million (before expenses) through a placing of 26,666,667 new ordinary shares at 7.5 pence per share, which will be used to finance the development of the group and for working capital.

In the year to the end of June, eLight secured contracts with a total value of €7.4 million, earned revenue of € 4.5 million and generated an operating Earnings before interest, tax, depreciation and amortisation (ebitda) loss of €800,000.

The EEaaS market is estimated to be worth £25 billion and eEnergy’s directors expect regulatory, commercial and social pressures to cause this to double in the next five years.
Posted at 20/12/2019 09:33 by akramms
The Concert Party will not be restricted from making an offer for the Company.

Maximum Controlling Position

Immediately following Admission, the Concert Party will hold, in aggregate, up to 86,264,528 New Ordinary Shares, representing 65.89 per cent. of the Enlarged Ordinary Share Capital. The Concert Party's acquisition of New Ordinary Shares would, without a waiver of the obligations under Rule 9 of the Takeover Code, oblige the Concert Party to make a general offer to Shareholders under Rule 9 of the Takeover Code.

The following table sets out the Concert Party's shareholdings in the Enlarged Group on Admission.


% of
Total No of Enlarged
New
No of % of Shares Issued
in
eLight total Enlarged Share
Shares eLight Group Capital
on on
Concert Party Member held Shares Admission Admission(1)
Harvey Sinclair 476,500 23.55% 20,645,428 15.77%
Ian McKenna(2) 476,500 23.55% 20,645,428 15.77%
Stella Murphy(2) 440,000 21.75% 19,063,984 14.56%
David Nicholl 303,000 14.98% 13,128,153 10.03%
Marian Rainey 120,000 5.93% 5,199,268 3.97%
Charles Cryer 40,000 1.98% 1,733,089 1.32%
Nicole Street 24,000 1.19% 1,039,854 0.79%
Wayne Harris 24,000 1.19% 1,039,854 0.79%
Fergal Roche 23,000 1.14% 996,526 0.76%
Diana Baldwin 16,000 0.79% 693,236 0.53%
Aisling McGrath 12,000 0.59% 519,927 0.40%
Caroline Rogers 12,000 0.59% 519,927 0.40%
George Hurley 12,000 0.59% 519,927 0.40%
Ronan Creaney 12,000 0.59% 519,927 0.40%
--------- ------ ---------- ------------
TOTAL 1,991,000 98.41% 86,264,528 65.89%
Posted at 20/12/2019 08:30 by eezymunny
The fundraise is .025p/current share (7.5/(75000/250)). Those buying significantly above that are breathtakingly naive IMVHO.
Posted at 14/12/2019 09:53 by mhrangoon
We got lots of AXM. Can someone update me what's happening with this share??
Posted at 10/9/2019 12:19 by nudog69
Good luck mate with that my experience with Burton is collapse in share price! Anyway Atb ✌️313;👍
Posted at 30/11/2016 12:15 by futuredlighter
AXM share price is similar to PROX a few months back.....waiting and waiting and waiting then BOOM.. out of nowhere Google...

could there be a big curve ball here too

before christmas would be nice

just topped up

GLA
Alexander Mining share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock