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
  0.25 6.49% 4.10 3,054,907 16:10:44
Bid Price Offer Price High Price Low Price Open Price
4.00 4.20 4.10 3.85 3.85
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.73 -0.53 15
Last Trade Time Trade Type Trade Size Trade Price Currency
18:19:49 O 799,650 4.00 GBX

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Date Time Title Posts
10/4/202109:57Ncondezi Energy - Power Generation in Mozambique8,519
25/7/201912:53Nconduzi - 20101,145

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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 3.85p.
Ncondezi Energy Limited has a 4 week average price of 3.44p and a 12 week average price of 3.44p.
The 1 year high share price is 6.31p while the 1 year low share price is currently 2.85p.
There are currently 370,714,119 shares in issue and the average daily traded volume is 362,878 shares. The market capitalisation of Ncondezi Energy Limited is £15,199,278.88.
livewireplus: I think he picked the 10m up at bid price a couple of days ago .... so presume an agreed deal as opposed to purchase on open market? Anyway todays RNS seems to have triggered some other buying this morning so share price up a bit now .....
yasx: Re 8473 from Extrader - not always seen eye to eye with Extrader but he makes some very salient points in that post. Incidentally, I wrote this last July, which can be regurgitated again today: "Looking at this more closely, the unnecessary foray in the C&I renewables sector, for which they raised $1.1M, which could have been deployed to the main project-instead Co. entered into a loan for $750k with Seritza at 10%pa-funnily enough, Seritza is owned by Hanno. Worse still, when the working capital facility was taken on the Co. stated this prevented "having to raise equity at a time when the Board considers the market price to materially undervalue the Co."-I see, but the price was over 5p then, instead he raised now at 3p. Oh dear. Put simply a)there was no need for getting into renewables if the main project can deliver what it's expected to(unless it is all smoke & mirrors) and b)there was no need for raising $1.1M for renewables if thereafter you had to do an emergency placing at 3p for main project. Bottom line is, I only backed #NCCL for the long term chart (that may still come good)-but, if I were investing on the basis of backing Hanno, not a chance. I will leave my stake for now, but fundamentally not even remotely confident of Hanno delivering except for himself."
extrader: I've sent this to Elizabeth Johnson at Pimlico Advisory : .."I'd be grateful if you could pass on to each of the Chairman, Hanno and Scott Fletcher my confusion at this RNS. I'm using your good offices since emails and chasers to the office in Mozambique go unreplied. (1) As I understand it, the Lenders get 30% coupon on the $500k at the earlier of 6 months or commissioning of project and the right to convert the Bridge Loan into equity of NGP with a coupon of 50% should NGP default. These rates appear high, on the face of it, but may be justifiable in context. The problem is that I don't believe we as shareholders have 'the context' : If NGP defaults the Lenders get $750k of equity in NGP. But what is NGP and how is it currently structured? What is NGP worth, how much cash does it have to hand, and how much do NCCL shareholders currently own? Is NGP re-paying the $500k or is NCCL re-paying the $500k? I ask because - with contract revenues of USD 3.1million over 15 year Project life = approx USD 200K pa, it's not evident to me that NGP will itself have the cashflow to repay ie it seems to be setting itself up to fail ? And if it's NCCL that'll end up re-paying then it's hardly 'non-dilutive', as NCCL shareholders are effectively paying $150k for the directors to put up $500k [ into a partially ?owned subsidiary] for a max 6 month loan. (2) At a strategic level, what is the potential impact on NGP , if any , of our partner CMEC getting involved in solar ? See hxxps://; and hxxps:// (3) I'd further like you to convey to the Lenders/Directors that shareholders are overdue news from NCCL on fronts other than NGP : I 'get' that tariff decision is with EDM, but news on any progress would be welcome - we were told to expect feedback 'early in the new year'. It would be good to hear of the progress being made on the accelerated development work being carried out on the project as a result of the approved budget of UD$1.8 funded by CMEC which was announced on 16 November 2020. What is progress made thus far on the additional survey drilling ? As Hanno mentioned at the time ‘’Consultants have been instructed and work has commenced. We look forward to providing further updates in due course." Who are the consultants and is the purpose of the drilling to do with (a) the quality of the coal or (b) in connection with building work on the proposed construction site ? What is the status of EPC and O & M agreements (which AIUI are not EDM input-dependent) ? What if any, is the role of GE in the Project, going forward ? There are a number of 'deliverables' or helpful information within the Company's 'gift' and COULD be provided. I hope some of this will be forthcoming. " ATB
escapetohome: Of course great research will make you believe or disbelieve. Buy or sell. If you bought , From that point on youre at the whim of the mrket maker , no matter how good the story , theyll move the share price according to supply and demand for the shares. Good research is valuable and of use. But i Value more knowing about the supply and demand situation for the shares, and never ever blindly follow research.
upthetic: Gary if NCCL is sold off then we will refocus on the minor solar projects we have signed up for. Personally if NCCL sells up, my view is that most long term holders will be too busy spending their windfalls to worry about NCCL beyond 2023. I dont think anyone is expecting NCCL to exist in its present setup for long.. its a small fish swimming in a big fish pond.... big fish eat small fish. Bring it on.
soultrading: LOOK at Ncondezi (NCCL) while it still trades at low price. It should and could be trading at much higher prices very soon. Market capitalization: £21 million $21million minimum is agreed and being paid to the company in back dated historic costs and on top of that they will get $5.6m as a subscription fee and about another 2-5% of this entire figure in the form of a developer’s fee. This alone makes the market cap look low and I think some have read the words cost and fee and assumed the monies were out bound they are inbound. The Ncondezi project is about to get its commercial tariff agreement which has been being negotiated for a life time but now should be arriving in the next couple of weeks. This is what we have been waiting for and is a green light to the project and the start of a new beginning! It should be the start of a rerate in share price as NCCL trading at 5 and half pence is undervalued in my view. I encourage others to look at the projects and do their own research and see what values they think a project like this should be worth. What is the coal worth? The project worth? What is being able to be part of a project like this worth? It is going to become a huge asset with huge rewards not only for shareholders but also the people of Mozambique. Nocondezi is an African power development company with an advanced staged, integrated 300MW thermal coal power plant and mine project. This large scale project will be developed in phases, starting with a 300MW integrated mine and power plant but has the potential to expand to an 1800MW power plant. The Power DFS was conducted by Parsons Brinckerhoff and independently reviewed by STEAG, one of Germany’s largest electricity producers, from an operator’s perspective. NCCL are supporting Mozambique’s energy strategy which in itself is huge as only 30% of the population currently have access to energy. NCCL will bridge the gap in infrastructure in the region and serve as a catalyst to bigger economic development. NCCL will provide reliable, affordable 24 hour power to the grid. Buying here now is getting involved with something that gives you a warm glow and will dramatically change lives across the region. It is an opportunity in my view and that is why there are a number of strong partners involved or ready to be involved with the project. Including their lead development partner China Machinery Engineering Corporation and General Electric are likely to be the technology partner. I also understand that the company is likely to attract further investment from the China and it would not surprise me if a bid from the Chinese for the entire project was made at some point or if not all then part of the project could be sold at a huge premium, this of course would benefit shareholders and has been mentioned in meetings. The Mozambique Gov has said that they want to be able to provide energy to all by 2030 and providing energy in line with the GOV targets by 2023. Ncondezi is the favoured company and selected as a priority infrastructure project for Mozambique. The power plant is in line with the most stringent emission standards using state of the art technology that will reduce local air pollutants and minimizing the plant’s impact on the environment. In addition to this in 2019 the company announced its first investment into a joint venture, off grid solar battery project. The move into the C&I solar and battery storage sector offers a significant opportunity for the Company to complement the existing large-scale baseload power project and access near-term low-risk annuity income streams which have significant growth potential. The board are dedicated and driven to achieve success with this project and are also aligned with shareholders in a number of ways. They recently took major shareholder and investor Scott Fletcher onto the board as they had realised that shareholders are not realising the potential of the company. In addition to this they hope to high light the company further with more PR, more shareholder meetings and a more dynamic approach so that new retail investors can understand the potential here. There is a tiny amount of shares in issue 366m shares and a huge amount are sticky with major investors and large amount held by long term retail investors, as a result the share price fluctuates about on low volume. I say this because it would take very little buying to push the price higher. I think the price could and should be in double figures in the not too distant future and could very well be a lot, lot higher in the future. But the point of my post is not to sell it to you but to get you to look at the project and do your own research, look at the website, look at the interviews, the RNS, social media sites and then come back and share your thoughts. If you want to chat I am hTTps://
lurker5: Interesting thought. The reason why NCCL reached (briefly) over 200p after its Dec 2010 IPO (raising £35m) was the potential to export coal to india via new port and rail infrastructure being planned. See below. But it all fell apart when all commodities plummeted a year later and the port etc scheme was dropped. So, like Kibo and EDL, NCCL thought "Why not have a coal mouth power station instead ?" If China really wants Moz coal (has to be right type - thermal or coking) it would have to finance that infrastructure. But Tete does seem to have enough coal to fulfill both Fron Dec 2010 Ncondezi Coal Co Ltd (LON:NCCL) has joined London’s AIM market this morning, following a £35.6m fundraising to fast-track a bankable feasibility study (BFS) at its flagship Ncondezi project in the Tete province of Mozambique. The company aims to complete the BFS in the second half of 2012. Ncondezi holds 4 prospecting and exploration licences in the Tete Province, which the company describes as one of the world’s last remaining undeveloped coking and thermal coal basins. “The company’s main objective is to upgrade and extend the existing JORC resource and to complete a fast-track bankable feasibility study on the Ncondezi project. We also aim to carry out further test work in order to assess the potential for coking coal”, Ncondezi Coal chief executive Graham Mascall commented. At its flagship Ncondezi project - hosted on two of the four licenses (804L and 805L) – the company has defined a JORC 1.8 billion tonne coal resource. Supported by its new listing, Ncondezi plans to further explore the licence areas - to increase its overall coal resource, upgrade the current JORC resource, and ultimately to develop mining operations producing thermal and potentially coking coal. Recently, SKR - an independent mining and engineering consultant - completed a Scoping Study on the Ncondezi Project, confirming the economic and technical viability of a 37 year open pit mine. The scoping study envisions a mine producing 10 million tonnes per annum (tpa) of export quality thermal coal, with production commencing in the second half of 2014. The Mozambique-focused coal exploration and development company placed 28.95m new shares to a broad base of institutional and other investors, at 123p each to raise £35.6 million (US$52m). The company’s Nominated Advisor Liberum Capital Ltd, along with its joint-broker Renaissance Capital Ltd, arranged the placing as joint book-runners. Ncondezi intends to use the placing proceeds to conduct further exploration work and a fast-track BFS. It is anticipated that the BFS will encompass further drilling and evaluation of the Ncondezi project, along with social and environmental studies, which will advance the project towards production. Based on the 123p placing price, with the combination of the pre-existing share capital and the placing shares, Ncondezi has a market capitalisation of £146 million. “The Ncondezi project presents an exciting opportunity to develop a new coal mine in one of the world's largest underdeveloped coal regions. Work to date has already defined a JORC resource of 1.8 billion tonnes. We are excited about the potential for upgrading existing resources as well as the potential for coking coal”, Mascall added.
cl0ckw0rk0range: 13 November 2020: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) announces that in lieu of salary and to further align Non-Executive Director, Scott Fletcher, with the Company's long term ambitions and the wider shareholder base, the Company's Remuneration Committee has agreed to grant Scott Fletcher share options which will vest at any time over a three year period from the date of grant subject to the following conditions being satisfied: · 5,000,000 Shares at an exercise price of 3.0p per share upon (i) the Average Share Price equalling or exceeding 5.0p or (ii) a fundraising in one or more tranches of more than £250,000.00 in aggregate has occurred at any time after the Date of Grant whilst this Option subsists at or above 5.0p per Share and before any participation in the fundraise by Scott Fletcher or his direct family either directly, through a majority owned company (taking into account all direct family holdings) or a family trust;· 2,500,000 Shares at an exercise price of 5.0p per share upon (i) the Average Share Price equalling or exceeding 7.5p or (ii) a fundraising in one or more tranches of more than £250,000.00 in aggregate has occurred at any time after the Date of Grant whilst this Option subsists at or above 7.5p per Share and before any participation in the fundraise by Scott Fletcher or his direct family either directly, through a majority owned company (taking into account all direct family holdings) or a family trust; and· 2,500,000 Shares at an exercise price of 7.5p per share upon (i) the Average Share Price equalling or exceeding 10.0p or (ii) a fundraising in one or more tranches of more than £250,000.00 in aggregate has occurred at any time after the Date of Grant whilst this Option subsists at or above 10.0p per Share and before any participation in the fundraise by Scott Fletcher or his direct family either directly, through a majority owned company (taking into account all direct family holdings) or a family trustIn addition to the vesting conditions listed above, the options shall not vest unless on the date of vesting it can be demonstrated that Scott Fletcher is beneficially interested in at least 65,000,000 shares in the Company (either directly, through a majority owned company or a family trust) and such holdings have been properly disclosed as required by the AIM Rules. Scott Fletcher currently holds 56,913,197 Ordinary Shares in the Company."Average Share Price" is defined as the average mid-market closing price of the Company's shares for the dealing days in any four week period following the date of grant as derived from the Stock Exchange Official List (AIM section) but excluding any dealing day on which the shares of the Company are suspended. Ncondezi Non-Executive Chairman, Michael Haworth:"Scott's option packaged has been designed to reflect his further commitment to the Company at this critical time in its development. The Board and I look forward to working with Scott as we continue to progress our financing strategy as well as progressing our various workstreams both for Ncondezi Energy and our C&I subsidiary." Ncondezi Non-Executive Director Scott Fletcher:"I am excited to have joined the Board of Ncondezi at a pivotal time in its development. My remuneration is aligned to a positive outcome for all shareholders and will be focussing on increasing shareholder value. I look forward to working with the Board to address our funding requirements as we look forward to the next few months."
dozyduck: The reason, of course, the shares haven't reacted yet, is the unknown amount NCCL will have to contribute (in addition to back costs) to keep its 40% share. Assuming the $11bn capex and a 70% project loan, this totals $132m. Back costs not likely to exceed $30m (can be worked out from accounts and past statements) and there is no such thing as a 'development premium' (except maybe a small fee) for power plant projects like this. They are for the likes of commercial property which, until recently, could be sold off at a profit (the premium) over their build cost. So, still around $100m to be raised in NCCL equity at an unknown share price unless some of that 40% is relinquished to some other equity investor. Second reason is NCCL hasn't published an up to date NPV since 2014 - which was for a different scale project. (Any tariff agreement won't answer that question either) . Putting those two unknowns together means new investors will hold off until they're clarified. And Cannacord's May 'initiation' note showed it hadn't a clue either.
mike2909: Don�t need to reassess my strategy but thanks for the advice! All I am saying is that many people on the forums and twitter seem to take every increase in holdings by SF as though it is the catalyst for an increase in Nccl share price, which thus far is not the case.
Ncondezi Energy share price data is direct from the London Stock Exchange
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