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Cindrigo Holdings Limited

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Cindrigo Holdings Limited LSE:CINH London Ordinary Share GG00BV0LCK35 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Offices-holdng Companies,nec 0.00 -0.52 -0.40 - 0.00
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

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Date Time Title Posts
01/6/202311:20Cindrigo goes to London Stock Exchange48
21/3/202208:51Cindrigo goes to London Stock Exchange16

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Posted at 29/5/2023 09:18 by pureinvestor
Cindrigo could have a great future.
Geothermal energy has very big advantages compared to solar energy and wind energy because Geothermal energy produces 24/7 regardless of weather and wind. With EUR 55 million in expected EBITDA in 2025, the share should reach USD 2 shortly. Communicated agreements on the website provide good growth opportunities.

Posted at 11/4/2023 17:08 by songig
i like the part from
quote"A goal multiple of 10x EBITDA
2025E indicates a fair value of GBP 2.7 per share, whereas Ormat’s 36x
EBITDA 2025E indicates GBP 9.8 per share" (Ormat is listed in the US)

Posted at 21/3/2023 19:45 by songig
Smile :)

Posted at 29/12/2022 16:13 by songig
My source, which I don't want to burden too much! says waiting for news (I thought it would come last week),
However, the below info came instead.

Posted at 01/10/2022 21:54 by hedgehog 100
mrweine 13 Oct '21 - 12:24 0 0 0
"The RTO is closed and the company have a valuation of 4 USD per share, ..."


What do you think of the minimum CLNs conversion price of £1.25/share?
That equates to about US$1.39/share at current exchange rates.

Posted at 01/10/2022 14:49 by hedgehog 100
30/09/2022 10:10 UK Regulatory (RNS & others) Cindrigo Holdings Limited Interim Results and Loan Note Issue LSE:CINH Cindrigo Holdings Limited

Cindrigo Holdings Limited (LSE: CINH) announces its interim results for the six months ended 30 June 2022. The Company is also pleased to announce that it has exchanged a Loan Note Subscription Agreement with BK Fortuna AS, a Norwegian company, in respect of a subscription of GBP4,000,000 unlisted, convertible loan notes. The first tranche of the subscription, GBP1,000,000, is due by the end of October 2022 with the balance due by the end of November 2022. The term of notes is 24 months with an interest rate payable of 10% per annum and a conversion right at a 15% discount to a 30-day Volume Weighted Average Share Price with a minimum conversion price of GBP1.25 per share. The use of the proceeds will primarily be used for development expenses in Croatia ,expansion projects, and repaying the Danir loan which is referred to in the Interim Report of the CEO set out below. ...

Readmission to Trading

The Company continues to prepare a prospectus to allow an application for the readmission its issued share capital to the Official List and to trading on the Main Market of the London Stock Exchange ('LSE') with a Standard Listing. ...

The company undertook a share consolidation on 28th September 2020. Every 266.7609 of Existing Ordinary Shares of £0.01 were consolidated into one New Ordinary Share of £2.667609 each. ...

Posted at 12/9/2022 10:37 by mustafa15a
Anyone else sick of this same bog standard line?!!Further to the announcement of 7 March 2022, following the reverse takeover of Cindrigo Limited and the resulting eventual cancelation of its existing listing, the Company is continuing the process that should lead to an application for readmission of its entire issued ordinary share capital to the Standard Segment of the Official List and to trading on the Main Market of the London Stock Exchange.
Posted at 31/3/2022 12:57 by mrweine
Cindrigo has focused on Waste to Energy with a focus on Eastern Europe and start in Ukraine, the need to take care of garbage in these countries is enormous and that was one of the reasons why Cindrigo chose to invest in Ukraine. Unfortunately, there were two major setbacks in recent years, which were Covid and the invasion of Ukraine, hence there were delays in the stock market process and when Russia invaded Ukraine, Cindrigo stopped this process.

If we look at the turn that Cindrigo has made recently from being completely dependent on Ukraine, it has gone fantastically fast and the board / management has worked very well and efficiently, which is important when running a business, Cindrigo has had as ambition to broaden its energy portfolio a few years ago and it was the right decision. Now Cindrigo is equipped for the future with agreements on Geothermal heating projects in Europe, Ukraine will remain as a future project until it becomes stable in the country. The management has come so far that an update of the prospectus is submitted next week / week thereafter to the FCA, if all goes well, I think we can be on the stock exchange within 6-8 weeks, absolutely before the holiday.

Cindrigo has already finished with major agreements and it looks like below, normal construction time for a power plant of 20 MW is 12 months until cash flow.
Clear agreement of 60 MW
• 60 MW ready with land, boreholes are available, state price guarantee gives in profit before tax 36 MGBP per year, valuation with pe / number 10 = 20 - 30 NOK / share. (Depends on the ownership distribution in the power plant).
- These first 60 MW will probably be built faster than 12 months because there are already boreholes.
Upcoming agreements in 2022
• 200 MW within 12 months.
Upcoming agreements before 2025
• 400 MW within 36 months.
Upcoming agreements before 2030
• 1000 MW within 8 years.

Posted at 21/3/2022 07:15 by tomboyb
Cindrigo Holdings Limited Cindrigo to Acquire 100% of Energy Co-invest
21/03/2022 7:00am
UK Regulatory (RNS & others)

Cindrigo (LSE:CINH)
Intraday Stock Chart

Monday 21 March 2022

Click Here for more Cindrigo Charts.

RNS Number : 3639F

Cindrigo Holdings Limited

21 March 2022


21 March 2022

Cindrigo Holdings Limited

("Cindrigo" or the "Company")

Cindrigo to Acquire 100% of Energy Co-invest Global Corp

Cindrigo is pleased to announce that, in line with its strategy to broaden its business into new renewable energy sectors and geographies, it has exercised the option agreement entered into, and as announced on 30 November 2021 (the 'Option Agreement'), to acquire the entire issued share capital of Energy Co-invest Global Corp ('ECG') (the 'Acquisition'). ECG is an established international energy developer with interests in a broad base of projects within the renewable energy sector, particularly the geothermal energy sector. The Acquisition will give the Company an immediate position in the geothermal energy sector and a strong platform for future growth, in line with its strategy as a clean baseload power developer.


-- Acquisition of 100% of ECG positions Cindrigo as a significant renewable energy provider, primarily focussed on geothermal assets

-- Geothermal is classed as 'Green Energy' and commands premium power prices due to its decarbonising impacts, grid security and strong demand; with yearly global market growth of 5-9%, the market for geothermal power is expected reach US$7-9 billion by 2026

-- Chief amongst ECG's active projects are three geothermal licence blocks in Croatia:
o Each have planned capacity of 20MW with potential expansion on site and additional blocks for a target 100 MW

o Each project is anticipated to annually produce an EBITDA of GBP12 million, with potential dividend streams to accrue to project owners, including ECG and/or the Company directly

o First operational geothermal plant targeted for next year

o Acquisition brings a short-term debt related to these projects of GBP1million, with maturity 30 April 2022

-- ECG is also the largest shareholder of GEG ehf., a geothermal Engineering, Procurement and Construction (EPC) contractor and project owner with an established portfolio of assets

-- Targeting additional expansion opportunities, primarily focussed on Central Europe, with a first round of projects identified in Croatia and Hungary

-- Aiming to have contracts in place for geothermal power plant projects with up to 200 MW of installed capacity within a year, up to 450 MW within three years and 1000 MW by 2030

-- Ability to achieve these targets will depend on the raising of debt and equity finance, with the financing for each power plant project to primarily be sought on a project-finance basis

Lars Guldstrand, Cindrigo CEO, commented "I am thrilled that we have completed the acquisition of ECG, which gives us a solid platform and a basis for further development in the geothermal energy sector.

With pressures on clean energy supplies globally and power prices forecast to remain high, geothermal energy is expected to contribute significantly to increased clean, domestic decarbonised electricity resources as a unique green baseload power".

"Alongside ECG's established portfolio, there is a plethora of countries in our sights which have plentiful, yet underdeveloped, geothermal resources and we aim to become a formidable player in this exciting clean energy space, aiming to deliver 1000MW of installed capacity by 2030. The market fundamentals are ripe for major geothermal expansion, which essentially harnesses the earth's natural heat to create energy, in the race to net zero and the push for national energy security. I am excited for the road ahead".

Posted at 23/11/2021 12:24 by mustafa15a
Any idea what the share price will be? I have heard crazy talk from 10p to £3
Cindrigo share price data is direct from the London Stock Exchange
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