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Share Name Share Symbol Market Type Share ISIN Share Description
Ncondezi Enrg LSE:NCCL London Ordinary Share VGG640631039 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.10p +1.74% 5.85p 440,607 15:07:25
Bid Price Offer Price High Price Low Price Open Price
5.60p 6.10p 5.95p 5.65p 5.75p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.25 -0.52 16.5

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Date Time Title Posts
23/1/201913:18Ncondezi Energy - Power Generation in Mozambique5,291
21/2/201809:41Nconduzi - 20101,143

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Ncondezi Enrg Daily Update: Ncondezi Enrg is listed in the Mining sector of the London Stock Exchange with ticker NCCL. The last closing price for Ncondezi Enrg was 5.75p.
Ncondezi Enrg has a 4 week average price of 4.90p and a 12 week average price of 4.20p.
The 1 year high share price is 10.13p while the 1 year low share price is currently 4.20p.
There are currently 282,826,073 shares in issue and the average daily traded volume is 1,167,531 shares. The market capitalisation of Ncondezi Enrg is £16,545,325.27.
escapetohome: Come on now Ncondezi, your followers have been going on about a turnaround in the share price, even advoocating as much as 50p, but it just hasnt happened. Lets make it happen, because I want to say N CON DAY ZEE ; and I want to shout it at the top of my voice, when it reaches 50p ( if it ever does)
cl0ckw0rk0range: 'unless they need the money or believe something is about to happen'So you think they have converted 2.5m of a loan to equity at nearly double the current share price as they want to sell them at a loss? Don't think so...
yogaboy: The first Key Milestone in the document released on 21 December is the Timetable Approval, scheduled for Q4 2018 - ie within 10 days of the release.kEY MILESTONE... 10 DAYSToday's announcement indicates this will now be in January.I know this is never easy, but please NCCL stop putting out timetables that you cannot meet. It does investor confidence (and therefore the share price) no favours.
yogaboy: Let me start the conversation around why this is so disappointing. The 11 June 2018 RNS referred to submitting the FM to MIREME and EDM in mid-June, stating that the JDA was expected to be signed by 31 July - ie only six weeks later. The submission turned up an unexpected (?) change to the plan (the workshops), but the 26 July RNS stated that the JDA would follow 3 months after receiving EDM and MIREME’s support. That support was announced on 5 November, which put the JDA in early February. We are now in late November and the JDA is expected in Q1. No-one believes that “Q1” means anything other than “at the end of March”. It certainly doesn’t mean any time in January or February, but most likely the last week in March, which is four months away. Signing the JDA is what will move the share price. This announcement therefore tells the market that there’s nothing to see here for four months, which is why we are 16% down on the day. When you keep announcing dates that subsequently you keep revising to be ever further away, sooner or later investors stop believing you. I’m back at my buy price, and seriously considering selling up for four months. Why leave the funds locked up?
daddy warbucks: Thanks Clock.I think the conversion at 30% discount etc only lasts for7 days after the maturity date unless I am reading it incorrectly. It also needs the consent of over 50% of remaining lenders to agree.If FC occurs as you suggest as a possible scenario, the company could repay the loan from funding that would be available.Today's news has given the company some breathing room, but it doesn't guarantee the lenders will exchange at 10p a share. That is a safeguard for the lenders should the JDA be signed and the share price rise accordingly.I would expect some forward selling by these lenders at that point to ensure profits are taken.
cl0ckw0rk0range: Well as an example in say December next year when share price might be say 15-20p or higher given FC could have occurred, the swap occurs at the higher of 30% discount to 60 day VWAP or 5.2p, if the 60 day VWAP is 15p, then it's 10.5p, at 20p it's 14p etc or they convert at 10p. Simples.
daddy warbucks: Why would they they take their debt at 10p a share now, when in 12 months time they would have an extra 12.5% in interest on the loan, which in the past has already had interest of 50% and 25% added in the past?They would need the share price to be substantially higher before they have better terms.We await the JDA, for that to happen.
daddy warbucks: I was expecting this to be 10p today. I thought with the loan repayments set at 10p a share, that would have put a floor under the share price.Obviously have to wait for the rns confirming the details.
cl0ckw0rk0range: Interesting comments from Lurker recently on LSE. He usually keeps his cards very close to his chest but on this occasion reveals that a share price in excess of 26p is the likely outcome for #NCCLRedacted for transposition!"20% is what NCCL will probably have ( due past spending contribution ) but on my own guess it's likely to be more than 3x currently"
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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