Last 4.38 GBp
Change Today -0.125 / -2.78%
Volume 400.0K
NCCL On Other Exchanges
Symbol
Exchange
London
As of 11:35 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

ncondezi energy ltd (NCCL) Snapshot

Open
4.38 GBp
Previous Close
4.50 GBp
Day High
4.38 GBp
Day Low
4.38 GBp
52 Week High
05/2/14 - 8.50 GBp
52 Week Low
01/12/15 - 4.38 GBp
Market Cap
10.9M
Average Volume 10 Days
60.0K
EPS TTM
-0.06 GBp
Shares Outstanding
249.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NCONDEZI ENERGY LTD (NCCL)

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ncondezi energy ltd (NCCL) Details

Ncondezi Energy focuses on the development of thermal power plant project in northern Mozambique. It also owns 100% interest in the Ncondezi project that is located in the Zambezi coal basin in the Tete province, Mozambique, which covers an area of approximately 38,700 hectares in the Zambezi coal basin. The company was formerly known as Ncondezi Coal Company Limited and changed its name to Ncondezi Energy in July 2013. Ncondezi Energy was incorporated in 2006 and is based in Road Town, the British Virgin Islands.

46 Employees
Last Reported Date: 05/20/14
Founded in 2006

ncondezi energy ltd (NCCL) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $447.0K
Compensation as of Fiscal Year 2013.

ncondezi energy ltd (NCCL) Key Developments

Ncondezi Signs MOU with Shanghai Power as Potential Strategic Investor

Ncondezi Energy Limited announced that it has signed a non-binding Memorandum of Understanding ('MoU') with Shanghai Electric Power Company Limited to progress and agree a transaction where SEP could potentially become the controlling shareholder in the 300MW power plant project, located near Tete in northern Mozambique. The MoU documents SEP and Ncondezi's mutual intention to further cooperate with each other and sets out a work plan and timetable, with a view to executing a legally binding Joint Venture Agreement Heads of Terms ('JVAHOTs') during fourth quarter 2014. It is currently the intention within the MoU that the JVAHOTs will outline a transaction whereby SEP acquires a controlling equity position in the Power Project. In addition, it is also the intention that SEP will acquire a minority interest in the Ncondezi Mine Project ('Mine Project'). Following execution of this MOU, the Parties will commence the negotiation of the JVAHOTs. Such process shall run concurrently with the final due diligence process to be conducted by SEP in order to meet the fourth quarter 2014 timetable. Ncondezi has agreed to give SEP a short period of exclusivity to agree the JVAHOTs.

Ncondezi Energy Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Ncondezi Energy reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported loss before taxation of $2.903 million compared to $3.774 million a year ago. Loss attributable to equity shareholders of the parent company was $2.925 million or 1.6 cents per basic and diluted share compared to $3.816 million or 3.2 cents per basic and diluted share a year ago. Net cash flow used in operating activities after tax of $1.472 million compared to $4.011 million a year ago. Payments for property, plant and equipment was $1,000.

Ncondezi Energy, Annual General Meeting, Aug 14, 2014

Ncondezi Energy, Annual General Meeting, Aug 14, 2014., at 12:00 GMT Standard Time. Location: Berwin Leighton Paisner LLP, Adelaide House. Agenda: To receive and adopt the company's financial statements for the year ended 31 December 2013 together with the Directors' report and auditors' report on those accounts; To approve the Directors Remuneration Report for the year 2013; to consider re-election of Directors; to consider re-appointment of Auditors and Auditors remuneration; to consider authority to issue shares; and to consider disapplication of pre-emption rights.

 

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