Andrew Hore – Quoted Micro 7 January 2019
NEX EXCHANGE VI Mining (VIM) has not made the required $2.19m loan repayment to Tassili by the end of 2018. Tassili also has right of refusal over the first 24,000 ounces of gold production. The loan is secured by a charge over the VI subsidiary that owns the interest in the Ora Pesa concession. VI […]
Andrew Hore – Quoted Micro 31 December 2018
NEX EXCHANGE China-based Gamfook Jewellery (GAMF) joined NEX on 24 December. The online retailer of customised jewellery was introduced at 15p a share, and the shares ended the first week at 15.5p (14p/17p). That values Gamfook at £15.5m. Executive chairman Jindian Lin and his wife own 72.8% of Gamfook. A dividend based on 28% of […]
Andrew Hore – Quoted Micro 17 December 2018
NEX EXCHANGE Ecommerce software provider Netalogue Technologies (NTLP) moved into profit in the first half and had £648,000 in the bank at the end of September 2018. Revenues increased by £168,000 to £647,000, even though subscription-based pricing is reducing the initial revenues from B2B clients. A loss of £60,000 became a pre-tax profit of […]
Andrew Hore – Quoted Micro 20 August 2018
NEX EXCHANGE Health and community care properties developer Ashley House (ASH) reported a much-improved profit for the year to April 2018. There was a strong second half performance because of the completion of four schemes. Full year revenues were flat at £18.5m, while pre-tax profit jumped from less than £100,000 to £1.8m, although that […]
Andrew Hore – Quoted Micro 14 May 2018
NEX EXCHANGE Ashley House (ASH) is expected to achieve its full year profit target of £1.8m, although that includes a non-cash write back. The health and community care property developer had year-end net debt of £1.5m. The Morgan Sindall joint venture has reached financial close on its first extra care apartments and bungalows scheme […]
Andrew Hore – Quoted Micro 7 May 2018
NEX EXCHANGE Forbes Ventures (FOR) has sold its stake in KCR Residential REIT (KCR) for £145,000. The remaining investment is in challenger bank Civilised Investments Ltd. Nigel Quinton, who has run two building societies, has been appointed as finance director of Forbes. Igor Zjali has become a non-executive director. The investment strategy covers disruptive […]
Andrew Hore – Quoted Micro 16 April 2018
NEX EXCHANGE London Nusantara Plantations has become Panther Metals (PALM) and it has sent out notice of a general meeting on 1 May to enable directors to issue up to one billion shares. This power will expire after 15 months. The company is issuing 17 million shares at 0.1p a share to pay a […]
Andrew Hore – Quoted Micro 12 February 2018
NEX EXCHANGE Western Selection (WESP) maintained its NAV at 95p a share at the end of the six month period of December 2017. Net debt was £1.13m. A sharp upturn in the value of the stake in Bilby (BILB) and offset declines in other investments. The interim dividend is unchanged at 1.1p a share. […]
Quoted Micro 11 September 2017
NEX EXCHANGE Milamber Ventures (MLVP) has signed non-binding heads of terms to acquire vocational training provider Essential Learning Company Ltd and it wants to raise up to £2m. Milamber already owns 15% of Essential, which it acquired for £75,000 last May. The other 85% would be acquired for a deferred payment of £800,000 in cash […]
Quoted Micro 28 August 2017
NEX EXCHANGE Good Energy (GOOD) and Ecotricity have come to an agreement that means the latter has withdrawn its requisition of a general meeting. No details were released about the reasons behind the withdrawal. Cadence Minerals (KDNC) is in talks to sell part of its 16.1% stake in AIM-quoted Bacanora Minerals (BCN) to a strategic […]