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DISH Amala Foods Plc

0.10
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amala Foods Plc LSE:DISH London Ordinary Share JE00BG12QT70 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.10 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.10 GBX

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Date Time Title Posts
15/11/202407:50Small-Dish-A completely open un-moderated thread7,534
23/8/202318:58Amala Foods...cash shell3
27/7/202309:40Amala Foods - Looking Tasty - Could 100x bag77
15/3/202220:40THE YEAR OF BIGDISH COMING BACK STRONGER320
02/6/202114:43BigDish - The fully moderated thread 4,590

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Posted at 13/9/2024 12:36 by tenapen
Amala Foods PLC
13 September 2024



Amala Foods Plc

("Amala" or the "Company")



Annual Financial Report



Amala Foods Plc (LON: DISH) is pleased to announce the publication of its Annual Financial Report for the year ended 31 March 2024.

The Annual Financial Report can be downloaded from the following link:


The Report will shortly be uploaded to the National Storage Mechanism.

The Company will provide a further update early next week on the Reverse Takeover that is currently being undertaken.

---

Silly wee chung
Posted at 09/11/2023 10:27 by wewillwin20
Watch them start bailing out when price doesnt rise
Posted at 05/8/2023 13:09 by tenapen
Big balls - 101

Your all over advfn knocking the company's that are not doing so good. Mocking anyone who fancies a gamble accusing people of ramping just for posting thier interest. So Big balls give us proof that DISH or any other company your all over is being ramped by the boiler room trash - I would like to know and interested in knowing how you know this information.

Failing that ..... as I'm sure you have no proof.... Tell us of a penny stock that is rising at the moment ! so we can see if your any good at picking a stock or if your just a schoolboy Troll.

I will await your reply .... but won't hold my breath.
Posted at 01/8/2023 06:58 by moonshine3
Going Concern

The Company entered into a Deed of Standstill with a creditor to reprofile outstanding debt to an amount of GBP 787,719 (amended further after year-end with the conversion of shares to the value of GBP 80,150 - refer note 18 of the audited financial statements) that would convert to shares at the re-admission price upon a Reverse Takeover and that no interest will accrue and for all existing warrants to be cancelled upon a Reverse Takeover. Should a Reverse Takeover not take place by 22 September 2023 then the creditor may call upon cash repayment.

Furthermore, the Company announced that it raised GBP 405,000 in Convertible Loan Notes that would be largely utilised to fund a transaction leading to a Reverse Takeover. These Convertible Loan Notes are automatically converted into shares upon a Reverse Takeover. However, the holders of the convertible loan notes may call upon cash repayment between April 2023 and the end of June 2023 should there be no Reverse Takeover. Given the passage of time, agreements have been made with certain of these parties that the cash repayments will not be called upon despite the due dates passing.

Having prepared and reviewed cashflow forecasts, the Directors have ascertained that further finance will need to be raised should the convertible loans be required to be repaid in cash in the next 12 months. The Directors are confident that should the convertible loan notes, in part or in full, require repayment then they would be able to raise sufficient funds to be able to make such repayments whilst still funding the Company's forecasted expenditure. They are also confident of a transaction occurring and therefore the share conversion option of the convertibles presenting the best value opportunity to holders. The Company has been reviewing several potential transactions and has prepared a shortlist of reverse takeover opportunities in various sectors including healthcare, natural resources, and technology, but as completion of a reverse takeover by the required dates and thus avoiding cash repayment of the convertible loan notes is not guaranteed and given the requirement to raise further funds in such an event, next 12 months, they acknowledge that a material uncertainty relating to going concern exists.
Posted at 31/7/2023 20:59 by dave4545
RNS at the close.

The Company is a cash shell and as such is seeking to identify a transaction that will lead to a reverse takeover.

During the year the Company entered into a Share Purchase Agreement (SPA) with Terra Rara UK Ltd, a mining company, that could have led to a transaction that would have been considered a Reverse Takeover. Terra Rara UK Ltd held Rare Earth Elements (REE) exploration assets via two subsidiaries in Angola and Uganda. These exploration assets are located in close proximity to advanced stage REE exploration assets held by other mining companies. The Company intended to acquire 100% of the share capital of Terra Rara UK Ltd subject to regulatory approvals. The listing was suspended on 23 May 2022. The Company announced the termination of the proposed transaction with Terra Rara UK Ltd on 17 March 2023. This decision was taken due to identified administrative issues relating to some of the mining assets of Terra Rara following further due diligence. Terra Rara are seeking to develop mining exploration assets in two countries in Africa, where due diligence is lengthy and complex. The Company has introduced interested parties who are having discussions with Terra Rara.

The Directors are actively seeking to identify new opportunities for the Company with a view to identifying and completing a successful transaction resulting in a Reverse Takeover.

The Directors have agreed to not receiving any remuneration for the period prior to and during the period of suspension and until a successful transaction reaches the stage of a Reverse Takeover, upon which GBP 125,000 will be issued to the Directors in equity at the readmission price.

The Company raised GBP 405,000 in convertible loan notes during the year ended 31 March 2023 (refer note 12 of the audited financial statements).

Ms Celia Li was appointed to the Board as a Non-Executive Director on 17 March 2023.

It is my sincere hope that after a challenging couple of the years, that a path to generate value for shareholders will be realised.
Posted at 31/7/2023 18:37 by firestorm911
Look, this pig is going down, I am not talking about DISH; I am talking about the nonce MadMong.

Keep shorting, the first target is 0.05p and administration end of December. Suspension is coming.



Regards,
F911
RMC
Posted at 28/7/2023 06:18 by dave4545
The current madness in the stock ITS has given a bit of life to Dish.

The Company is a cash shell and as such is seeking to identify a transaction that will lead to a reverse takeover.

During the year the Company entered into a Share Purchase Agreement (SPA) with Terra Rara UK Ltd, a mining company, that could have led to a transaction that would have been considered a Reverse Takeover. Terra Rara UK Ltd held Rare Earth Elements (REE) exploration assets via two subsidiaries in Angola and Uganda. These exploration assets are located in close proximity to advanced stage REE exploration assets held by other mining companies. The Company intended to acquire 100% of the share capital of Terra Rara UK Ltd subject to regulatory approvals. The listing was suspended on 23 May 2022. The Company announced the termination of the proposed transaction with Terra Rara UK Ltd on 17 March 2023. This decision was taken due to identified administrative issues relating to some of the mining assets of Terra Rara following further due diligence. Terra Rara are seeking to develop mining exploration assets in two countries in Africa, where due diligence is lengthy and complex. The Company has introduced interested parties who are having discussions with Terra Rara.

The Directors are actively seeking to identify new opportunities for the Company with a view to identifying and completing a successful transaction resulting in a Reverse Takeover.

The Directors have agreed to not receiving any remuneration for the period prior to and during the period of suspension and until a successful transaction reaches the stage of a Reverse Takeover, upon which GBP 125,000 will be issued to the Directors in equity at the readmission price.

The Company raised GBP 405,000 in convertible loan notes during the year ended 31 March 2023 (refer note 12 of the audited financial statements).

Ms Celia Li was appointed to the Board as a Non-Executive Director on 17 March 2023.

It is my sincere hope that after a challenging couple of the years, that a path to generate value for shareholders will be realised.
Posted at 27/7/2023 09:40 by mam fach
If at first you don't succeed!
Perhaps we can change from DISH to DOSH.
Long term holders might as well hold on now.
GLA
Posted at 26/7/2023 08:01 by stockhunters
dish was smallest market cap CTEA is now smallest unmoved currently
Posted at 26/7/2021 09:32 by george gently
Archie Rodriguez does indeed have a good track record. DISH share price could move quickly once they start launching their veg based food products.
Amala Foods share price data is direct from the London Stock Exchange