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
  0.00 0.0% 3.20 266,509 08:00:23
Bid Price Offer Price High Price Low Price Open Price
3.10 3.30 3.33 3.20 3.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.73 -0.53 12
Last Trade Time Trade Type Trade Size Trade Price Currency
12:57:02 O 7,405 3.295 GBX

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Date Time Title Posts
16/6/202115:11Ncondezi Energy - Power Generation in Mozambique8,641
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 3.20p.
Ncondezi Energy Limited has a 4 week average price of 2.70p and a 12 week average price of 2.70p.
The 1 year high share price is 6.31p while the 1 year low share price is currently 2.70p.
There are currently 370,714,119 shares in issue and the average daily traded volume is 402,821 shares. The market capitalisation of Ncondezi Energy Limited is £11,862,851.81.
yasx: lurker514 Jun '21 - 12:43 - 8617 of 8628 0 0 0 Charts of of no use whatsoever for a small, illiquid, share like this." ------------------------------------ They may not be a precise indicator of how things unfold, but certainly far better than the head in the sand blinkered 'back Hanno' come what may drivel you espouse. To provide some sort of context, one pie in the sky hopeful was writing this back in 2016: "Overall, NCCL’s project looks to be almost there – at which time the shares can be expected to start reflecting the considerably higher market value that the power station and the mine will warrant. Given the plan to expand generation 6-fold to 1,800 MW eventually, the whole project looks likely to start to appeal to institutional investors in the UK, who might not want to see the Chinese – both loan providers and equity investors – racing away with the fruits. " Almost there! Chuckle chuckle. Five years on, now readers conceding this project likely never to complete, less still the 1800 MW! If the cap fits....
lurker5: The original plan was for NCCL to take a stake in the coal project alongside the Chinese. That would have required raising funds in the UK, so if not now possible, the only option, as being said elsewhere, is to sell off all of NCCL's residual interest - probably (and hopefully) to the Chinese. Would mean an earlier flow of cash into NCCL than from the earlier idea, even if the long term value is smaller. I know which I'd prefer. Its worth backing Hanno to pull that off, rather than throwing toys out of the pram.
yasx: "lurker514 Jun '21 - 10:49 - 8614 of 8615 0 2 0 Fairly reassuring spiel by Hanno on Pro-Active re main project still going ahead." Really? Nothing reassuring about that - he all but confessed it was game over for that aspect as far as NCCL is concerned. He stated "we as a Co. have to look at a future beyond coal...." If this microcap has to consider a future beyond what was a substantial project it means there is nil prospect of that project ever going ahead, at least not with NCCL as a significant player in it. You have to accept Lurker that you have with your banal articles called this badly wrong for years (I remember when you appeared on the AAZ thread suggesting readers forget that Co. and consider this!!). Give it up - I have bought this on the basis of the chart and will sell any spike. Those buying thinking Hanno will deliver anything meaningful either in batteries or coal are utterly deluded.
lurker5: SF didn't know the mechanics of this company when he jumped in - tempted like many half-experienced investors by the NPV/shareprice argument, which is no guide to actual potential share price. Admittedly there is the big past capex repayment which will come only at financial close. But when SF realises the eventual potential is less than he thought, what will he do with his holding ? Guess.
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 .....
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
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://
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."
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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