Share Name Share Symbol Market Type Share ISIN Share Description
Ncondezi Energy Limited LSE:NCCL London Ordinary Share VGG640631039 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  2.15 30.50% 9.20 9,987,182 11:53:14
Bid Price Offer Price High Price Low Price Open Price
8.90 9.50 9.90 6.75 7.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.73 -1.02 30
Last Trade Time Trade Type Trade Size Trade Price Currency
11:52:52 O 49,362 9.10 GBX

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Date Time Title Posts
23/7/201912:07Ncondezi Energy - Power Generation in Mozambique6,446
21/2/201809:41Nconduzi - 20101,143

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Ncondezi Energy Daily Update: Ncondezi Energy Limited is listed in the Mining sector of the London Stock Exchange with ticker NCCL. The last closing price for Ncondezi Energy was 7.05p.
Ncondezi Energy Limited has a 4 week average price of 6.70p and a 12 week average price of 5.75p.
The 1 year high share price is 10.13p while the 1 year low share price is currently 4.20p.
There are currently 323,493,717 shares in issue and the average daily traded volume is 1,523,827 shares. The market capitalisation of Ncondezi Energy Limited is £21,997,572.76.
imjustdandy: Best coal to power play ever to have listed on Aim. World class asset , World class project, World class partners. A few more days and we should have a World class share price.
escapetohome: Oh dear ! Oh deary me! trade spat with US. This could SLOW things down a TAD, well, maybe, just a little then. Hold off or buy? YOU DECIDE - the share price tomorrow will show youre vote.
bushranger: Those selling the placing shares need to do so when there is enough buyers to take the volume to ensure a profit. JDA is being ramped like there is no tomorrow, thus people willing to take the shares. If the JDA is delayed or the JDA is not that favourable to private shareholders there will be no one to buy their shares at a reasonable price. Until the terms of the JDA ( when/if it happens)are seen no one knows the share price reaction. Could soar, could be a damp squid.
babbler: OMG it's a 10 percent odd discount and same price as share price 1 month ago Ffs. Go deramp elsewhere.
yogaboy: Those warrants granted on 25 May 2018:WarrantsThe Company has also agreed to issue 1,000,000 warrants over Ordinary Shares to a contractor ("Warrants"). Each Warrant entitles the holder to subscribe for one Ordinary Share at an exercise price of 5 pence per Ordinary Share and will be exercisable at any time for a period of two years from the date of grant. The exercise price has been set at the prevailing share price at the time contractor services were originally agreed.
cl0ckw0rk0range: From the KIBO board but actually relates to NCCL oddly."Even going by sizes of projects and resources (before its larger project share) NCCL is much the larger.1) It has much more coal over and above needed for its long term power plans (1,800 MW), and is close to export opportunities now being developed.2) Tete capex is $1bn against Kibo's projects' (Mbeya or Moz+Bots) capex around $650m (assumed). At equivalent profitability, means NCCL's total project profit to be shared is 1.5x Kibo's3) NCCL has paid a lot more in costs which it will receive back on financial close. Around $30-$40m - against $19m as would have been at Mbeya, but nothing so far for Moz and Bots.4) NCCL's share of its project will be far higher than Kibo's could ever have been. With its back costs, NCCL expects to end with c 40%. Kibo never could have had more than 19% for Mbeya, and will have less than 10% of Mabeseweka on spending so far. To get more it will have to spend more, which it doesn't have !5) NCCL has only 285m shares in issue (more to be issued on loan conversion but still low) against Kibo's 640m and rising.Add up all those factors, and you'll see why NCCL has ADB as a cornerstone investor while having signed up GE and CMEC to fund its project, which has completed and paid for all its necessary studies while Kibo has spent nothing so far on Moz or Bots or Med. All adds up to why NCCL has also always warranted a larger market cap than Kibo, and an even higher share price"
cl0ckw0rk0range: I would like to see the share price up closer to 15p before JDA and then dependent on content 20p upwards realistically. GE and CMEC taking 30% each of the project and NCCL has the remainder.
terranadonjohnson: this is the time be getting in with partners agreeing work on timetable sufficient for nccl to move forward progress to jda, should mean we have clear sight - finally! :D low free float. see the share price 5% on barely any volume. got to be the time to be getting an holding firm. 25p on the cards looking at all the information available.
cl0ckw0rk0range: Ramping exercise? We are waiting for the next update from the company due this month, if it's an agreed time table which opens the door for the JDA then it will certainly increase the share price from 5p. How is a target share price of anything higher than that ramping exactly?
lurker5: YogaB There isn't a project to 'own' until its been financed to the tune of more than $1bn, In any case, NCCL doesn't 'own' it. The Moz government has given NCCL licenses etc so that it can 'sponsor' the Tete power station (because it already owned the coal mine) But Moz can easily take way the power station sponsorship and give it to someone else. Exactly the reverse of what you say - and in either case GE and CMEC will deal with and enter into partnership with the new sponsor. When and if GE / CMEC put up '60%' of the equity, unless NCCL puts up (by paying for) its 40%, GE /CMEC will actually own 100% of what has been financed thus far, and NCCL will own nothing. Although Hanno has said he hopes NCCL will end up with 40% - that will only be so if 1) a certain amount of NCCL's past spending will be accepted by GE / CMEC as having been an essential part of the project capex and 2)NCCL can raise the funds to 'buy' the remaining share up to 40%. If it can't find the funds, it will stick with the (11% or so I estimated - it might be different)share 'bought' by its past spending. See the emails (very minor parts redacted) below which I republished at the time From: Hanno Pengilly Sent: Wednesday, November 15, 2017 4:26 PM To: Lurker (not real name) Subject: RE: re NCCL research and voxmarkets Hi -- redacted ! Im sure you can appreciate that we cant be making statements in the market every time someone makes a misinformed comment on an internet forum. Please feel free to share the information I have given you. Regards Hanno From: (Lurker) Sent: 15 November 2017 12:50 To: Hanno Pengilly Subject: Re: re NCCL research and voxmarkets Thanks Hanno Yes, I realise that. But those on the BB’’s are convinced you will get a 40% ‘free carry’ !! We all know that is nonsense, but they are inexperienced and ferocious in insisting on their fantasy ‘valuations217;.(Lurker) From: Hanno Pengilly Sent: Wednesday, November 15, 2017 10:26 AM To: (Lurker) Subject: RE: re NCCL research and voxmarkets Hi (Lurker) We are deep in due diligence and negotiation at the moment so I cant be too specific about the exact terms of a deal for NCCL. I mentioned in the VLOG that Ncondezi would look to retain 40% of the cashflows of the power project. You are correct that NCCL would need to fund its 40% share of the equity check at FC. However, the size of this equity check will depend on how much development premium and return on historical spend Ncondezi receives at FC, which is expected to be reinvested as part of NCCL’s equity contribution. These are key negotiation terms for the project that are still under negotiation. There have never been any references to NCCL’s 40% being a free carry. It is important to highlight that NCCL will be raising capital for its equity contribution at or close to FC, where the project will be materially de-risked (PPA and debt financing in place), as well as having world class partners leading the project development. We would expect this to attract infrastructure and annuity income investors who will recognise the value of this project de risking and invest on return metrics not currently factored into the NCCL share price due to its stage of development. We have also not taken into account any additional benefits generated from the mine, which should provide additional cashflows to investors. I hope this clarifies things. Regards Hanno
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