ripley94's Posts

Savannah Energy A financial and operational update from SAVE this morning and they announce that FY cash collections from their Nigeria assets were $168.8m and from the beginning of their ownership to date in 2020 $96m. They are already seeing significant deleveraging with $40m of the restructured debt paid down by 31/3/20. AIIM acquired a 20% interest in SUGL and Accugas in return for $54m in cash giving an implied combined valuation of $270m of those assets, most impressive. Average daily gross production increased by 25% during SAVE’s ownership to 19.6 koepd (15.7) which includes a 34% increase in Uquo gas production from 77 MMscfd to 103.8 MMscfd with a peak daily rate of 164 MMscfd. They have also announced a new GSA, the first in five years, with FIPL for their Afam power plant, in addition successful transfers of operatorship of both the Uquo Central Processing Facility and the FUN Manifold crude gathering station, from Frontier Oil Limited to Savannah. As previously announced and based on the CPR prepared by CGG and published on 11 December 2019, net asset-level free cash flow generation, on a maintenance adjusted take-or-pay basis, by the Nigerian Assets, assessed to be an average of c.$130m p.a. 2020–2023. In Niger the company issue an updated CPR for those assets by CGG, they give 35 MMstb of gross 2C resources for R3 East discoveries with an additional 90 MMstb of gross unrisked prospective, in best case, with tie-in distance of R3 East facilities. In the CGG report, a subset of 11 prospects and leads from the extensive exploration portfolio comprising 146 prospects and leads are given unrisked prospective best case of 360 MMstb. Savannah plans to deliver the development of the R3 East and continue to progress with the installation of the EPS within 12 months, market conditions and finance permitting. The R4 area previously relinquished will now be combined with units R1/R2 PSC area the thus retaining the full acreage position previously covered by the R1/R2 PSC and the R3/R4 PSC. Andrew Knott, CEO is clearly pleased, ‘In Nigeria, we are responsible for the provision of gas supplies to providers of over 10% of the country’s current power generation capacity, a responsibility we take very seriously . In this time of global uncertainty, it has been widely reported in the local press that many companies have struggled to supply gas-for-power in recent months, which has led to significant power outages in country. In stark contrast Savannah … has increased our gas production levels by 34% since completing the acquisition of the Nigerian Assets. We continue to expect to increase production levels further during the course of this year as we add new customers, such as FIPL who we announced earlier this year.’ Overall this is exceptional progress by Savannah and give significant optimism for the future.

Traced it back to Oct 2018 you can get page up now . left an article on PLE page which is still live with recent comments .

News June 22, 2018 Related News CityFibre makes key appointment to lead Wolverhampton’s digital transformation CityFibre completes its acquisition of FibreNation increasing its rollout plans to pass up to 8 million premises CityFibre’s COVID-19 update – 24/03/20 CityFibre’s COVID-19 update – 19/03/20 Acquisition by Connect Infrastructure Bidco Limited positions CityFibre to lead the UK’s transformation to full fibre Today CityFibre has confirmed that the acquisition of CityFibre shares by Connect Infrastructure Bidco Limited (a newly formed company indirectly jointly-controlled by a consortium formed by Antin Infrastructure Partners and West Street Infrastructure Partners, a fund managed by Goldman Sachs) completed on 21 June 2018 (the “Acquisition”). The Acquisition was priced at 81 pence in cash for each CityFibre share, representing a 92.9 per cent. Premium to the Closing Price of 42 pence per CityFibre share on 23 April 2018, valuing the entire issued and to be issued ordinary share capital of CityFibre at approximately £537.8 million. Trading on AIM in CityFibre shares was suspended with effect from 7.30am on 21 June 2018. It is expected that cancellation of CityFibre’s shares admission to trading on AIM shall take effect at 8.00am on 22 June 2018. Since admission to AIM in January 2014, CityFibre has rapidly established itself as a leading alternative network provider, delivering wholesale full fibre infrastructure in towns and cities nationwide. By pursuing a strategy of constructing new networks under anchor contracts and network acquisitions, CityFibre now has major fibre infrastructure projects across 51 towns and cities and has commenced the build of active service platforms across 31 of these locations in readiness for Fibre to the Premises (“FTTP”) roll-out. After signing a joint venture agreement with Sky and TalkTalk in April 2014 to trial FTTP in York, CityFibre went on to complete a number of acquisitions, including KCOM’s national network assets for £90 million in January 2016 adding fibre networks in 24 towns and cities and a national long-distance network to CityFibre’s portfolio. CityFibre went on to acquire wholesale connectivity provider Entanet Holdings Limited for £29 million in August 2017. For the 12 months ended 31 December 2016, Entanet serviced approximately 1,500 channel partners in the business and residential markets. In November 2017, CityFibre secured a 20-year strategic partnership with Vodafone to roll-out full fibre FTTP connectivity to one million UK homes across 12 existing towns and cities. The build is already underway and is expected to be largely complete by the end of 2021. The agreement with Vodafone provides a framework for expansion to five million homes across approximately 50 towns and cities by 2025. When deployed, this would position the company’s infrastructure across approximately 20% of the current UK broadband market. As a private company, the board of CityFibre believe the Acquisition will create the required environment for CityFibre to deliver meaningful growth and attain a strong market position with the appropriate funding and support. Antin Infrastructure Partners and West Street Infrastructure Partners are supportive of CityFibre’s development, and intend to work with management to accelerate the Company’s national FTTP development, delivering on management’s vision to provide full fibre infrastructure across no less than 20% of the UK. CityFibre is now positioned as a primary deliverer of the Government’s national full fibre ambition; transforming the digital infrastructure in towns and cities nationwide and unlocking billions in long term economic reward for the UK’s digital economy. Greg Mesch, Chief Executive of CityFibre, commented: “Having shaken up the UK telecoms market over the last five years and sparked the race to deliver a full fibre future for Britain, this transaction will enable CityFibre to accelerate our deployment of transformational digital infrastructure still further. These are exciting times, and as the only builder of scale, CityFibre is ideally positioned to make the most of this opportunity to modernise the UK’s digital infrastructure.” “I would like to take this opportunity to thank the shareholders who have supported us since our initial listing on AIM. We have raised over £320m on AIM and believe that without the support of the capital markets, our progress both operationally and strategically would not have been so rapid.” Commenting on the Acquisition, Philippe Camu, Global Head of West Street Infrastructure Partners and Mark Crosbie, Managing Partner of Antin Infrastructure Partners, said: “We are delighted to be supporting CityFibre through its next cycle of growth and believe the business is ideally placed to continue to transform the UK telecommunications market. With the need for next generation infrastructure growing at pace, the provision of high quality fibre networks is vital to the ongoing economic development of the UK, and CityFibre sits firmly at the centre of that structural shift.”

CEO .. on LBC this morning .

Not sure what is going on here rang ( D ) as some sort of corporate action showing Otto mentioned some sort of recent event ( C.A ) article below indicates it is now sibanye -stillwater which appears to be only 16 days ago. Good news is they might list on market i can sell on with ( D )

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at [link] [link] Neil Hume in Cape Town FEBRUARY 9 2020Print this page0 The chief executive of South Africa’s Sibanye-Stillwater hailed as a success its acquisition of Lonmin, a rival platinum producer, and forecast that dividend payments could resume this year. Neal Froneman said the £285m purchase of London-listed Lonmin was shaping up to have the “lowest payback period” of all the deals done by the highly acquisitive company. “It is literally going to be a little bit more than a year,” he said. “We took a lot of flak when we announced the deal but we have had commodity prices behind us. The wind in our sails.” Johannesburg-listed Sibanye launched its all-stock takeover of Lonmin in December 2017 but the deal was not finally closed until June 2019.  The timing of the takeover surprised analysts because Sibanye’s balance sheet was stretched after paying $2.2bn in cash for Stillwater, a US palladium producer. However, over the past year the prices of palladium and rhodium — two of the company’s main commodities — have surged to record or multiyear highs on strong demand from global carmakers.  Recommended Tail RiskNeil Hume Analysts wonder when palladium’s record run will be exhausted Palladium and rhodium are critical ingredients in catalysts for petrol and hybrid cars that convert toxic emissions, such as carbon monoxide and nitrogen oxide, to carbon dioxide, water and nitrogen. After nearly a decade of undersupply, analysts say stocks of the metals are almost exhausted. “I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium,” said Mr Froneman.  “You can’t run deficits and consume surface stockpiles and inventories for ever and a day. At some point that turns into a real shortage. And that’s what happened in rhodium and I dare say it could happen in palladium.” I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium Neal Froneman Rising platinum group metals and gold prices meant that Sibanye was deleveraging fast and would be in a position to return cash to shareholders in 2020, Mr Froneman said. Sibanye last paid a dividend in 2016. James Bell, analyst at RBC Capital Markets, said he expected Sibanye to reinstate its dividend once net debt was lower than one times underlying earnings. “This would mean scope for a potential interim dividend this year. In terms of structure of the policy this will probably be a share of earnings rather than a link to free cash flow,” he said. Known in the industry as Neal “the deal” Froneman, the South African has turned Sibanye into a big force in the precious metals market through a string of acquisitions. As well as PGM’s it is also a big gold producer. The company now has a market value of nearly $7bn and Mr Froneman is weighing plans to list in either London, New York or Toronto. Its shares have risen almost 190 per cent in the past year. Mr Froneman confirmed Sibanye had made an offer for AngloGold Ashanti’s Mponeng, the world’s deepest gold mine, but doubted it would be accepted. “We put in an offer we thought was commensurate with the risk . . . I’m not sure they have decided on the outcome yet but if we are not successful it is not the end of the world for us.” Mr Froneman said Sibanye’s next deal was likely to be outside South Africa and in battery metals.  “We want to play in the international arena. We are probably ex-growth in South African because of our market position in PGMs,” he said.

Rang ( W ) never in ISA ( might be idea ) June 2013 purchased with them transferd in 1500 July 2015. multiplied by 1.91 Palinghurst take over. .

Position in ( D ) based on ADRs 31500 . last May 2019 they were in Value know shown as 0 explains bigger loss there of late .

Fabergé owner Gemfields (GEM:AIM) has returned to AIM after an almost three year absence. The gemstone miner left London’s junior market in July 2017 following an acrimonious takeover saga which culminated in it being taken off the market by South African private equity firm Pallinghurst. But having cited a ‘lack of broker research and share trading liquidity, as well as feedback from shareholders’ in South Africa where it is listed, the company decided to return to AIM in a bid to access greater liquidity and more global investors. The firm has a primary listing on the Johannesburg Stock Exchange and another listing on the Bermuda Stock Exchange. LISTING TO GIVE INVESTORS ACCESS TO GEMSTONE MARKET As well as owning the Fabergé jewellery brand, Gemfields - which has counted the likes of actress Mila Kunis as a ‘brand ambassador’ - produces around half of the world’s rubies and a fifth of the world’s emeralds from two of its mines in Mozambique and Zambia. CEO Sean Gilbertson said, ‘Today’s admission to the London market is an important milestone for Gemfields after a decade of growth in the demand and prices for precious coloured gemstones. READ MORE ABOUT GEMFIELDS HERE ‘The AIM listing seeks to provide UK, European and international investors with more expedient entry into the precious coloured gemstone market, to improve share trading liquidity and to widen Gemfields’ current investor base.’ GEMFIELDS RETURNS AFTER LOW-BALL TAKEOVER Gemfields returns to the market around 30 months after being the subject of a bitter bidding war in which Pallinghurst won, though not without controversy after accusations that it acquired the company on the cheap. Pallinghurst launched an unsolicited bid in 2017 for the 53% of Gemfields it didn’t own in an offer which contained no premium to Gemfield’s 39p share price at the time and valued the company at £211m. Pallinghurst needed approval from investors owning at least 75% of the shares, but that approval wasn’t too difficult to gain as it already owned 47.09% of the business. Minority investors weren’t best pleased with the outcome, arguing the firm was being sold on the cheap, especially considering stockbroker Numis said at the time that fair value for Gemfields would be 94p per share. Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.

12p / 11.4 .. can trade with bell . have nearly twice as many after takeover so eq 22p .