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
  -0.40p -5.84% 6.45p 281,244 16:04:33
Bid Price Offer Price High Price Low Price Open Price
6.40p 6.50p 6.85p 6.45p 6.85p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.25 -0.52 18.2

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Date Time Title Posts
19/11/201804:49Ncondezi Energy - Power Generation in Mozambique5,112
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 6.85p.
Ncondezi Enrg has a 4 week average price of 6.05p and a 12 week average price of 5.50p.
The 1 year high share price is 10.13p while the 1 year low share price is currently 3.38p.
There are currently 281,849,844 shares in issue and the average daily traded volume is 561,298 shares. The market capitalisation of Ncondezi Enrg is £18,179,314.94.
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.
daddy warbucks: A fairly decent rns this morning. Hopefully puts to bed the directors loan for 12 months and possibly will put a floor under the share price near to 10p.Anyone any thoughts?
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"
daddy warbucks: It is easy to pick out posters at certain times in the life of a company to try and denigrate them. The fact the share price fell from 8p to 2p, showed the markets did not have confidence in the company at that time, never mind posters.The fact that I have also wished clockwork well since our discussions doesn't really matter either does it? Anything for a cheap plus point.These boards are for discussion, both positive and for questioning. I am sorry you need to try to score points at this time. I think we all want everyone to make money and I just hope you haven't put your foot into your mouth too early. It is hoped a deal is just around the corner and the directors are paid off with some of the cash rather than diluting the shareholding of long term holders. We shall see. Nothing is signed yet although it is hoped an rns is published tomorrow morning.I wish you well divmad.
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
josephrobert: It's the cash position that worries me - while KIBO has made a recent placing - NCCL has 'of mid-April 2018 US$ 317k, sufficient to cover activities until August 2018'. hTTps:// In my experience I'm not sure how easy it is to compare projects and while there appears a lot of merit here, the share price appears to be rather binary while running on fumes. If the decision takes longer than expected, then what then? There are a lot of significant shareholders on the register, but, forgive me, will they pony up on this one trick affair so close to a major hurdle?
jimmyhoffa262: The share price is not ready to do anythingThe bod do not want let shareholders in on much as there isn't much really going onThe next rns will destroy this share price lower It's what the bod do
Ncondezi Enrg share price data is direct from the London Stock Exchange
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