Reiterate Buy Wincanton (WIN) says VectorVest. Substantial upside on offer over the coming year

Founded in 1925, Chippenham-based Wincanton plc (WIN.L) is a provider of supply chain solutions. Through its subsidiaries, WIN provides contract logistics services principally in the UK, Ireland, and Mainland Europe. The company provides supply chain services, including warehousing, transport and distribution, international supply chain, intermodal, freight management, high tech logistics, construction, records management, and home delivery; and value enhancing services, such as 4PL, consulting, inventory management, product manipulation, procurement, fleet management, reverse logistics, recycling, and retail solutions. It offers road, rail, barge, sea, and air transport solutions, as well as provides enabling services, including change/project management, solution design, technology, project financing, property management, health and safety/compliance, and industrial relations management. WIN serves consumer products, retail, automotive, energy and petroleum, industrial, agri-food products, chemical, high tech, and food service customers.

On May 17th 2017, WIN announced full year results, revealing a 17.6% increase in pre-tax profits to £41.5m, on revenues down 2.3% to £1.11bn, primarily due to the disposal of WRM and exit from loss making Pullman home shopping contracts. Closing net debt fell by £15.2m to £24.3m (2016: £39.5m) on the back of strong cash generation, and WIN paid a final dividend of 6.1p, (full year dividend of 9.1p). CEO Adrian Colman said Wincanton had delivered “a strong set of financial results, supported by a good stream of contract renewals and new business wins in the year. “ He added that the business is “well positioned to invest and continue to grow in attractive markets such as eCommerce and construction.”

I wrote an article on WIN in December 2016, pointing out how the VectorVest indicators had picked up on the start of a recovery in the stock as far back as Q2 2016. Trading then at 233p, WIN has since moved higher to push over 300p. Today, key VectorVest indicators including Earnings Growth Rate (GRT), (reflects a company’s one to three year forecasted earnings growth rate in percent per year), log a rating of 16%, which is very good. Additionally, the VST-Vector, a master indicator that combines a number of key VectorVest metrics rates WIN with a score a VST rating of 1.26, which is very good on a scale of 0.00 to 2.00. Last but by no means least, VectorVest raises the value of the stock from our December target of 356p to 422p.

Wincanton

The chart of WIN.L is shown above in candlestick format with the VectorVest calculated valuation shown as the green line study above the price. The share has recently broken out of a 5 wave triangular consolidation pattern after testing major trendline support. In the last few days WIN has broken above a 52 week high and is on a BUY recommendation on VectorVest. Technical analysts measure the height of the “flagpole” or upward move which precedes the triangle to calculate a target for the move. The technical target by this method (known as a measured move) is around 370.

Summary: Since we first identified WIN as a growth prospect, the company has cut out loss making operations, reduced debt and substantially improved earnings. With the CEO upbeat about the stream of contract renewals and new business wins, VectorVest metrics have re-rated the stock with a new target price of 421p, meaning WIN now offers substantial upside over the coming year. The view is also supported by the technical charting breakout. Buy

David Paul

May 24th 2017

Readers can examine trading opportunities on WIN and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

FREE! For free VectorVest analysis on any stock, go to this link here

VectorVest Unisearch

On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.

Link here for more info and to set up a trial. 

European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com

Marks & Spencer – Awaiting Sir Archie

Marks & Spencer M&S must be desperately awaiting the arrival of Archie Norman in the hope that he can achieve the turn round which has so far eluded the company. Todays results paint a sorry picture for a company which was once the leading presence on the UK high street.Profit before tax for the year to 1st April fell by 63.5%, basic earnings per share by 70.7% and profit after tax by 71.1%. Revenue growth of 4.2% in food sales came from new stores.On a constant currency basis like for like sales in home and clothing fell by 3.4% but home and clothing was a main item in current plans for recovery and growth. Despite this management is to reduce space for home and clothing by between 1 and 2%  Overall like for like group sales for the year fell by 1.1%.

Babcock International BAB continued its enviable record of strong growth in the year to the end of March. The full year dividend is to be increased by 9.1% after a revenue increase of 7.1% and rises of 7.6% in profit before tax  and 8% in basic earnings per share.. The year saw significant breakthroughs with receipt of the first ever orders from the French Ministry of Defence and becoming the first non US company to win business for a critical US nuclear submarine programme. The order book remains robust.

Mediclinic international MDC is to pay a final dividend of 4.7% making a total for the year to the end of March of 7.9%, in line with its dividend policy. revenue for the year rose by 30%, earnings per share by 5% and earnings by 29%. The company benefited from the weakness of sterling.  South Africa’s performance was particulary strong but the Middle east was very and did not come up to expectations.

Dixons Carphone plc DC. claims another good year with a 4% rise in like for like revenue, although in the final quarter to the 29th april, this fell to 2%, due mainly to a late Easter and the delayed arrival of the Samsung S8. Southern Europe has had a very good year with like for like revenues up by 6% and Greece being a particularly strong performer.

 Luxury Villas & Houses For Sale In Greece; http://www.hiddengreece.net

Advanced Oncotherapy (AVO) – Conversion of loan notes

Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, announces that Bracknor Investment Group has advised the Company that they will convert a portion of the Convertible Loan Notes into new ordinary shares of 25p each in the share capital of the Company.  Further details of the conversion are set out below.

Number of CLN converted: 20

Total nominal value of the CLN converted: £200,000

Lowest VWAP in 15 days preceding conversion notice: £0.2135

Conversion price: £0.25

Number of shares issued from the conversion: 800,000

Shares issued for the satisfaction of the conversion fees: 24,000

Application will be made for admission to trading on AIM of the 824,000 new Ordinary Shares deriving from the conversion of the CLN and in satisfaction of the conversion fees and it is expected that Admission will occur on or around 30 May 2017.

Additional fees of c.£32,000 are to be paid to reflect the conversion price being below nominal value of the Ordinary Shares. These fees may be paid in cash or deducted from the net funds owing to the Company in the draw down of the next tranche from Bracknor.

Total voting rights

Following Admission, the Company’s enlarged issued share capital will comprise 78,257,194 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 78,257,194. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Advanced Oncotherapy Plc

www.avoplc.com

Dr. Michael Sinclair, Executive Chairman

Tel: +44 20 3617 8728

Nicolas Serandour, CEO

Stockdale Securities (Nomad & Joint Broker)

Antonio Bossi / David Coaten

Tel: +44 20 7601 6100

Stifel Nicolaus Europe (Joint Broker)

Jonathan Senior / Ben Maddison

Tel: +44 20 7710 7600

Walbrook PR (Financial PR & IR)

Tel: +44 20 7933 8780 or avo@walbrookpr.com

Paul McManus / Anna Dunphy

Mob: +44 7980 541 893 / Mob: +44 7876 741 001

Andalas Energy and Power (ADL) – Admission of Placing Shares & Total Voting Rights

Andalas Energy and Power Plc, the AIM traded Indonesian focused energy company, provides a correction and clarification to the announcement made earlier today.  Andalas confirms that admission of the Placing Shares to trading on AIM is now expected to occur in two tranches as follows:

  • Admission of 550,000,000 Placing Shares (‘Tranche 1 Placing Shares’) is expected to occur and trading in the Tranche 1 Placing Shares is expected to commence at 8.00 am on 24 May 2017; and
  • Admission of 50,000,000 Placing Shares (‘Tranche 2 Placing Shares’) is expected to occur and trading in the Tranche 2 Placing Shares is expected to commence at 8.00 am on 7 June 2017.

Following Admission of the Tranche 1 Placing Shares, the Company will have an enlarged issued share capital of 3,043,167,975 ordinary shares and there are no shares held in treasury. This figure may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the Company.

The Company will provide a further update following Admission of the Tranche 2 Placing Shares.

**ENDS**

For further information, please visit www.andalasenergy.co.uk or contact:

David Whitby Andalas Energy and Power Plc Tel: +62 21 2783 2316
Sarah Wharry
Craig Francis
Cantor Fitzgerald Europe
(Nominated Adviser and Joint Broker)
Tel: +44 20 7894 7000
Jon Belliss

Frank Buhagiar
Susie Geliher

Beaufort Securities Limited
(Joint Broker)

St Brides Partners Limited

Tel: +44 20 7382 8415

Tel: +44 20 7236 1177

Cadence Minerals (KDNC) – Macarthur Minerals sampling programme update

Cadence Minerals Plc (AIM/NEX: KDNC; OTC: KDNCY) is pleased to report that Macarthur Minerals in which Cadence currently owns a 20.37% shareholding, has announced that it has conducted an extensive near surface geochemical sediment sampling program at the Company’s Stonewall Lithium Project, located in Lida Valley, Nevada. The Lida Valley is the basin adjacent to the Clayton Valley, which hosts North America’s only producing lithium mine, Albemarle’s Silver Peak Lithium Mine. All 380 samples contained lithium with sediment assays ranging from 14.6 parts per million (“ppm”) lithium (“Li”) and up to 187 ppm Li, with 19 samples over 100 ppm. This sampling program confirms last year’s first pass sediment sampling program, that anomalous concentrations of lithium are present in the playa surface sediments of Lida Valley.

The full Macarthur announcement can be found at: https://web.tmxmoney.com/article.php?newsid=6684263957909321&qm_symbol=MMS

Results of Extensive Sampling Program

A United States mineral exploration company performed the extensive lithium sampling program for the Stonewall Project. The sampling program on the Stonewall Project for the purposes of collecting sediment samples for lithium was conducted during late April 2017.

The sampling program returned 380 sediment samples collected from depths of ~ 1.5 ft. (~ 45 cm) with grades ranging from 14.6 to 187 ppm Li.  Samples were collected from a grid pattern on the playa (dry lake bed) surface, with a sample spacing of 200 meters (656 ft.) and from N – S oriented lines with a spacing of 500 meters (1640 ft.) between sampling lines (refer to Figure 1). All holes contained lithium with sediment assays ranging from 14.6 ppm Li and up to 187 ppm Li.

The highest value analytical results were from sample ’21-3′ at 187 ppm Li and from sample ’12-16′ at 159.5 ppm Li. The sediment samples were taken under chain of custody to the ALS Chemex lab in Reno, Nevada.  The samples were analysed for 51 individual elements by Method ME – MS 41, which is an ultra trace level analysis using Inductively Coupled Plasma – Mass Spectrometry (ICP – MS) methods, with an Aqua Regia digestion. Figure 1 shows the location of the Stonewall Project claims over the majority of the playa, sample locations and lithium results.

Stonewall Project

The Stonewall Project covers an area of approximately 12,019 acres (48.64 square kilometers) and most of the playa in Nevada’s Lida Valley Basin. The Lida Valley is located 32 miles (53 km) to the SE of the Clayton Valley Basin, which hosts the United States’ only producing lithium mine.

The Stonewall Project is strategically located in the Nevada lithium supply hub, 306 kilometers (191 miles) southeast of Tesla’s new Gigafactory, which has a planned production capacity of 35 gigawatt-hours per year by 2020[1].

The Stonewall Project is located in an intermontane basin and is surrounded by tertiary volcanic rhyolitic rock units, which are anomalously high in lithium.  These rhyolitic units are thought to act as a potential source rock for lithium in the Clayton Valley brines. The potential lithium source rock includes flows and tuffs that likely extend below the alluvial cover.

There are two clusters of anomalous sediments; one in the north and one in the south of the Stonewall Project playa. The higher Li values in the sediments are proximal to fault intersections revealed by bedrock outcrop patterns. The foot prints of the anomalous sediments defined by our sampling are on the order of 1.5 km (~ 5000 ft.) long by 0.5 km  (~ 1600 ft.) wide.

The fault intersections comprise the bounding structural framework of the moat sediment zone of the Stonewall Volcanic Caldera (rhyolitic – now extinct). The Company’s preliminary interpretation is that leakage of Li rich geothermal solutions at these fault intersections probably enriched the moat sediments which were deposited alongside the faults when the volcano was active (~ 5 million years BP).

The Stonewall Project is located in the mining friendly Nye and Esmeralda Counties of Nevada and is serviced by excellent infrastructure with access to power, water, labour and is bisected by the Veterans Memorial Highway Number 95. The regional climate also favours natural and inexpensive evaporation for brine concentration and allows year-round work.

ASX IPO of Macarthur Australia Limited Update

The Company also provides an update that it has extended the Australian Securities Exchange Initial Public Offering of Macarthur Australia Limited to issue between 25 and 50 million shares at A$0.20 to raise between A$5 – 10 million to close on 30 June 2017 with an expected date for quotation on 12 July 2017.

Qualified Person:

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance).

For further information please contact

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce

James Bavister

Square1 Consulting

+44 (0) 207 929 5599

David Bick

Brian Alexander

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £40 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Advanced Oncotherapy (AVO) – Holdings in company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

 

 

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights :

Other (please specify):

CHANGE TO THE NUMBER OF VOTING RIGHTS IN ISSUE

 

 

3. Full name of person(s) subject to the
notification obligation:
iii

Aviva plc & its subsidiaries

4. Full name of shareholder(s)
(if different from 3.):iv

Registered Holder:

Available on Request                                          7,068*

Chase (GA Group) Nominees Limited        1,950,852*

HSBC Global Custody Nominee (UK) Limited
328,573*

*denotes direct interest

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

19 May 2017

6. Date on which issuer notified:

22 May 2017

7. Threshold(s) that is/are crossed or
reached:
vi, vii

3% to <3% Change at Direct Interest Level

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares    GBP 0.25

GB00BD6SX109

2,296,493 *

2,296,493 *

2,286,493

2,286,493

** Not disclosable

2.98%

** Not disclosable

 

* Includes Right to Recall Loaned Shares (10,000)

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

RIGHT TO RECALL LOANED SHARES

 

N/A

N/A

10,000*

 

*Direct Interest

0.01%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

2,296,493

2.99%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

The voting rights are managed and controlled by Aviva Investors Global Services Limited and Friends Provident International Limited, with the following chain of controlled undertakings:-

 

Aviva Investors Global Services Limited:

·      Aviva plc (Parent Company)

·      Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)

·      Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited)

·      Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited)

 

Friends Provident International Limited:

·      Aviva plc (Parent Company)

·      Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)

·      Friends Provident International Limited (wholly owned subsidiary of Aviva Group Holdings Limited)

Proxy Voting:

10. Name of the proxy holder:

See Section 4

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:


13. Additional information:

Figures are based on a total number of voting rights of 76,609,194 as per the Company’s ‘Conversion of Convertible Loan Notes’ announcement of

16 May 2017.

** Although not reportable, as per DTR5.1.5,the non-disclosable (indirect) position is currently 865,438 shares, and is included here in the interests of transparency.

14. Contact name:

Neil Whittaker, Aviva plc

15. Contact telephone number:

01603 684420

Brand CEO Alan Green talks markets, Cranswick (CWK) & Vipera (VIP) on TipTV Finance Channel

Brand CEO Alan Green talks markets, Cranswick (CWK) and Vipera (VIP) with Zak Mir on the TipTV Finance Channel.

Severn Trent Admits To Love Affair With Customers.

Image result for severn trent logoSevern Trent SVT  trumpets  “Customers are at the heart of our business” , which no doubt, after all these years of rejection, must come as something of a surprise to those customers. Strange that it has taken all these years for Severn Trent’s management to wake up to the fact and give it such publicity. However, there does, appear to be an ulterior motive for this new found love affair, as there usually is when a company has to dig deep to find justifications for major increases in its dividends over the next few years. And to be fair to Severn Trent makes no bones about it. Customer delivery and strong operational improvements are its sole justifications for a new dividend policy which is upgraded to growth of at least RPI+4%, which will take the proposed 2017/18 dividend to 86.55 pence.

Group turnover rose by 3.7% for the year to 31st March, basic earnings per share were up by 19.9% or 4.9% on a like for like basis, whilst underlying PBIT was up by 4.3%. None of these figures you will note, gets anywhere near to exceeding RPI by 4%.

Image result for cranswick plc logoCranswick CWK is increasing its final dividend by 19.7% after a year of strong financial and strategic progress. Like for like revenue rose by 12.7% for the year to the end of March whilst adjusted profit before tax and earnings per share rose by17.2% and 17.6% respectively. It made further strong progress in its key export markets, particularly the Far East where revenue rose sharply by 49% and claims it is in excellent shape for the new financial year.

Image result for aveva logoAveva AVV produced a resilient performance in the face of challenging conditions in the year to the end of March. The final dividend is to be increased to 27p per share making an 11% rise for the year. Profit before tax rose by 60%, although on an adjusted basis this was reduced to 7%,  Basic earnings per share were up by 86% or 8% on an adjusted and diluted basis. Recurring revenue rose to 76.9% of total revenue, which on a constant currency basis was down by 3.8%.

Image result for big yellow group logoBig Yellow Group BYG is increasing its final dividend for the year to the end of March by 10%, making a total increase for the year of 11%. Like for like revenue rose by 6% but adjusted profit before tax and basic earnings per share each fell by 11% and 12%. The company excepts to break through the 80% occupancy level during the summer bringing it nearer to its admittedly long term goal of 85%

 Luxury Villas & Houses For Sale In Greece; http://www.hiddengreece.net

Andalas Energy and Power Plc (ADL) – Placing, Lifting of Suspension and Operations Update

Andalas Energy and Power Plc – Placing, Lifting of Suspension and Operations Update

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR).  Upon the publication of this announcement via a Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain

Placing, Lifting of Suspension and Operations Update

Andalas Energy and Power Plc, the AIM traded Indonesian focused energy company, is pleased to announce that it has conditionally raised £600,000 via a placing (‘the Placing’) of 600,000,000 ordinary shares of nil par value (the ‘Placing Shares’) at a price of 0.1 pence per share (‘the Placing Price’).  Certain Directors are participating in the Placing by way of a subscription for a total of 168,000,000 Placing Shares. The Placing Price represents a premium of 29% to the mid-market price at the time of the suspension of trading in the Company’s ordinary shares on AIM. Following today’s announcement, the Company has requested a restoration of trading in the Company’s ordinary shares, which will recommence trading on AIM from 7.30 a.m. on 23 May 2017.

Andalas CEO, David Whitby, said: “The Directors’ participation in this placing at a 29% premium to the last traded share price demonstrates the team’s conviction that real progress continues to be made towards establishing Andalas as a leader in the gas to power space in Indonesia.  The opportunity in front of us remains more compelling than ever and I look forward to updating the market as we look to generate significant value both for our new and existing shareholders.”

Details of the Placing and Total Voting Rights

The Placing is conditional only upon the lifting of the suspension in trading of the Company’s shares and admission of the Placing Shares to trading on AIM.  The proceeds of the Placing will be used to provide additional working capital, as Andalas focuses on advancing its first Wellhead IPP project with Pertamina, Indonesia’s national energy company.  In connection with the Placing, the Company has also issued 50,000,000 5 year warrants to third parties in lieu of fees, with an exercise price of 0.1 pence per warrant.

Application has been made to the London Stock Exchange for admission of the Placing Shares to trading on AIM (‘Admission’) and it is expected that Admission will occur and that trading in the Placing Shares will commence at 8.00 am on 24 May 2017. The Placing Shares will rank pari passu in all respects with the Company’s existing issued ordinary shares. Following Admission of the Placing Shares, the Company will have an enlarged issued share capital of 3,093,167,975 ordinary shares and there are no shares held in treasury. This figure may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the Company.

Lifting of Suspension

The Company notes the suspension in trading of its ordinary shares on AIM on 8 May 2017, and its announcement of 9 May 2017 referring to recent media speculation concerning a significantly discounted equity fundraising. The Board can confirm that at the time of the suspension, it was advised by its broker that it could raise up to £1.0 million at a price of approximately 0.06 pence per ordinary share.

However, the Board elected to pursue other alternatives and has now concluded the Placing at the Placing Price, which represents a significant premium of 29% to the mid-market price at the time of the suspension of trading in the Company’s ordinary shares on AIM.

Following today’s announcement, the Company has requested a restoration of trading in the Company’s ordinary shares, which will recommence trading on AIM from 7.30 a.m. on 23 May 2017.

Operations Update

Discussions are currently ongoing with potential partners who have the appropriate technical and financial resources to co-develop and fund the roll-out of Andalas’ pipeline of projects, including the first IPP.  The Company is encouraged by the calibre of the interested parties, a number of whom have completed detailed due diligence on both the Company and its projects.

Related Party Transaction

Certain of the Directors are participating in the Placing by way of a subscription for a total of 168,000,000 Placing Shares. Details of these subscriptions and subsequent beneficial holdings as a result of the Placing are shown below:

Director Ordinary shares held at today’s date Placing Shares Ordinary shares following Placing % of Enlarged Share Capital
David Whitby 77,983,109 42,000,000 119,893,109 3.88%
Paul Warwick 13,366,982 15,000,000 28,366,982 0.92%
Ross Warner 71,485,738 31,000,000 102,485,738 3.31%
Simon Gorringe 71,875,153 31,000,000 102,875,153 3.33%
Daniel Jorgensen 48,366,281 31,000,000 79,366,281 2.57%
Graham Smith(1) 18,000,000 18,000,000 0.58%
  1. FIM Capital Limited, a company in which Graham Smith is interested has subscribed for the shares.

The subscription by certain of the Directors for Placing Shares pursuant to the Placing, constitutes a related party transaction under the AIM Rules for Companies. The independent Director for the purposes of the Placing, being Robert Arnott, having consulted with Cantor Fitzgerald Europe (the Company’s nominated adviser), considers that the terms of the Placing are fair and reasonable in so far as the Company’s existing shareholders are concerned.

**ENDS**

For further information, please visit www.andalasenergy.co.uk or contact:

David Whitby Andalas Energy and Power Plc Tel: +62 21 2783 2316
Sarah Wharry
Craig Francis
Cantor Fitzgerald Europe
(Nominated Adviser and Joint Broker)
Tel: +44 20 7894 7000
Jon BellissFrank Buhagiar
Susie Geliher
Beaufort Securities Limited
(Joint Broker)St Brides Partners Limited
Tel: +44 20 7382 8415Tel: +44 20 7236 1177

Cadence Minerals (KDNC) – Hastings Technology Metals successfully completes Hydromet pilot plant operations for Yangibana project

Cadence (AIM/NEX: KDNC; OTC: REMMY) is pleased to report that Hastings Technology Metals Limited, Cadence’s 70% joint venture partner in the Yangibana Neodymium Project in Western Australia, has announced that it has successfully completed the crucial continuous Hydromet pilot plant operations for the Yangibana Rare Earths Project.

The full Hastings release is available at:

https://gallery.mailchimp.com/6cc38f730035ae0a04d99359c/files/0f71c819-ef48-4bdf-a2ce-89a7834ec808/HAS_2017XXXX_Hydrometallurgy_Piloting_2_CT_TH_11_May_2017GR3.pdf .

HIGHLIGHTS

·      Pilot plant testing of the hydrometallurgy (Hydromet) circuits successfully validated the simple and effective flowsheet of the Yangibana Hydromet processes

·      Three phase piloting undertaken:

Acid bake

Water leach and impurity removal

Carbonate product precipitation

·      All three phases achieved or exceeded laboratory results

·      Key engineering data was collected from the pilot plant operation for the Definitive Feasibility Study (DFS)

·      Effective operational processes parameters identified

·      Over 50 kg of high purity Mixed Rare Earth Carbonate (MREC) produced for marketing purposes 

For further information please contact

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce

James Bavister

Square1 Consulting

+44 (0) 207 929 5599

David Bick

Brian Alexander

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £35 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.