Home » Andalas Energy and Power (ADL) » Andalas Energy and Power #ADL new CEO Simon Gorringe faces Brokermandaniel on FinancialFox

Andalas Energy and Power #ADL new CEO Simon Gorringe faces Brokermandaniel on FinancialFox

On the Financial Fox, an exclusive interview with Simon Gorringe, new CEO of Andalas Energy. Under the lights, Simon faces one of Andalas’s main critics, Daniel Levi, the infamous multi-award-winning blogger and high-net-worth British investor. He addresses Dan’s hard questions, discusses the failure of the old strategy and explains his mission and commitment to drive the company forward and deliver value to its shareholders

In the interview Simon answered a question regarding the financial expenditures of the Group.  The information provided was based on the financial accounts of the Group for the period 1 May 2015 through to 31 October 2017 (extracted from the financial information reported in the audited financial statements for the years ended 30 April 2015 and 30 April 2016 and the unaudited 6 month period ended 31 October 2017).  The analysis was as follows:

Category Analysis
Travel  12.2%
Brokers and costs of share issues  17.5%
Rest G&A  9.1%
Due diligence (data purchase/studies/consultants)  38.1%
Directors 18.7%
Readmission 4.3%
Total 100.0%


For further information, please contact:

Simon Gorringe Andalas Energy and Power Plc Tel: +62 21 2965 5800
Roland Cornish/ James Biddle Beaumont Cornish Limited
(Nominated Adviser)
Tel: +44 20 7628 3396
Colin Rowbury Novum Securities Limited
(Joint Broker)
Tel: +44 207 399 9427
Christian Dennis Optiva Securities Limited
(Joint Broker)
Tel: +44 20 3411 1881
Stefania Barbaglio Cassiopeia Services Ltd Stefania@cassiopeia-ltd.com

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