ACP.L - Armadale Capital Plc
| Previous close | 3.2500 |
| Open | 3.3475 |
| Bid | 3.2000 x 0 |
| Ask | 3.5000 x 0 |
| Day's range | 3.1825 - 3.4475 |
| 52-week range | 0.0321 - 4.4000 |
| Volume | 3,200,270 |
| Avg. volume | 6,575,493 |
| Market cap | 15.84M |
| Beta (5Y monthly) | 1.25 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.1000 |
| Earnings date | 04 Jun 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 4.40 |
- Business Wire
Mining Licence Application Submitted
Armadale Capital plc (LON: ACP) the AIM quoted investment group focused on natural resource projects in Africa, is pleased to report that it has commenced the formal Mining Licence application process for its 100%-owned Mahenge Graphite Project (‘Mahenge’ or the ‘Project’) in south-east Tanzania. The lodging of the Mining Licence Application marks the culmination of a period of intensive work by our project development team and I would like to thank all those involved for their efforts thus far.
- Business Wire
Project Finance Update
Armadale Capital plc (LON: ACP), the AIM quoted investment group focused on natural resource projects in Africa, is pleased to report on progress with respect to project finance initiatives ahead of construction for Phase 1 of its 80,000 tpa nameplate capacity Mahenge Liandu Graphite Project (‘Mahenge Liandu’ or the ‘Project’) located in the world-class Mahenge Graphite province in Tanzania. Following on from the results of its updated Feasibility Study delivered on 5 June 2020, the Company announces that it is now under NDA with two separate parties with the aim of advancing project level funding discussions with a view to bringing in an investment partner to progress through to mine construction.
- Business Wire
Conversion of CLNs, Exercise of Warrants and Issue of Equity
Armadale Capital plc, the AIM quoted investment group focused on natural resource projects in Africa, announces that it has received notice to convert a total of £150,000 convertible loan notes (‘CLN’) into Armadale shares at a price of 3p per share, being 4,999,997 ordinary shares (‘Ordinary Shares’). In addition to this, Armadale has received warrant exercise notices over an aggregate of 9,265,960 Ordinary Shares at a price of 2.2p per share, providing the Company with proceeds of £203,851.12.
- Business Wire
Exercise of Warrants and Issue of Equity
Armadale Capital plc (LON: ACP), the AIM quoted investment group focused on natural resource projects in Africa, announces that it has received five warrant exercise notices over an aggregate amount of 2,656,184 ordinary shares at a price of 2.2p per share in the capital of the Company ('Ordinary Shares') providing the Company with proceeds of £58,436.04. Application will be made to the London Stock Exchange to admit the 2,656,184 new Ordinary Shares to trading on AIM.
- Business Wire
Subscription
This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
- Reuters - UK Focus
LIVE MARKETS-Coronavirus: "At this stage we do not adjust forecasts"
* Apple suppliers in demand as iPhone back to growth Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Interesting to note that the travel and leisure index has been rising in sync with the STOXX 600 this morning, as the market continues its recovery (or gets complacent -- you choose) after Monday's big coronavirus scare. "As we highlight earlier in this report, the impact from the Novel Coronavirus may impact travel demand, but historically air volumes were resilient in the UK and Europe during the SARS epidemic".
- Reuters - UK Focus
RPT-GRAPHIC-Why the 'devil' coronavirus has hit European stocks hard
A whopping $200 billion was wiped from European stocks at the start of this week as the deadly coronavirus prompted investors to cut back exposure to companies with a strong presence in China, the world's fastest-growing consumer market. Hundreds of millions of people have been preparing to travel for the Chinese holidays, stoking concerns infection rates may accelerate during the period - which is also a peak retail season in China and overseas. The virus - which Chinese President Xi Jinping has described as a "devil" - has had a bigger impact on European companies than their U.S. peers due to their high revenue exposure to China.
- Reuters - UK Focus
GRAPHIC-Why the 'devil' coronavirus has hit European stocks hard
A whopping $200 billion was wiped from European stocks at the start of this week as the deadly coronavirus prompted investors to cut back exposure to companies with a strong presence in China, the world's fastest-growing consumer market. Hundreds of millions of people have been preparing to travel for the Chinese holidays, stoking concerns infection rates may accelerate during the period - which is also a peak retail season in China and overseas. The virus - which Chinese President Xi Jinping has described as a "devil" - has had a bigger impact on European companies than their U.S. peers due to their high revenue exposure to China.
- Reuters - UK Focus
LIVE MARKETS-New year rally succumbs to virus scare
* European shares down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks outperform sector as regional vote brings relief * STOXX set for worst day since October * Volatility surges * Wall Street slumps 2% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. The pan-European STOXX 600 index, France's CAC 40 and Germany's DAX are now in negative territory year-to-date as markets are heading for their biggest one-day fall in four months on fast-spreading China virus fears.
- Reuters - UK Focus
LIVE MARKETS-Buying the dip in mining?
* European shares down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks outperform sector as regional vote brings relief * STOXX down 2%, set for worst day since October * Volatility surges Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves.
- Reuters - UK Focus
LIVE MARKETS-Coronavirus outbreak fuels volatility surge
* European shares down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks outperform sector as regional vote brings relief * STOXX down 2.1%, set for worst day since October * Volatility surges Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net CORONAVIRUS OUTBREAK FUELS VOLATILITY SURGE (1134 GMT) Mounting fears about the coronavirus outbreak in China have fuelled a rare volatility surge across European stock markets.
- Reuters - UK Focus
LIVE MARKETS-Bleeding from virus: 586 out of 600 stocks in red
* European shares down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks outperform sector as regional vote brings relief * STOXX down 2.1%, set for worst day since October Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Airlines, hotels, cars, luxury goods, oil, industrial stocks, you name it, are all among fallers. Here's a snapshot of the intensity of the sell-off: (Thyagaraju Adinarayan) ***** LUXURY UPGRADES IN THE TIME OF CORNAVIRUS (1048 GMT) China is by far the No. 1 growth market for European luxury and the space is understandably hammered this morning on the mounting worries over the impact of the spreading Cornaviris.
- Reuters - UK Focus
LIVE MARKETS-There goes the FTSE post-election buzz
* European shares down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks rise as regional vote brings relief * STOXX down as much as 2%, set for worst day since October Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net THERE GOES THE FTSE POST-ELECTION BUZZ (1038 GMT) Among all the big casualties on the trading floor this morning is the post-election buzz which turbo-charged UK equities after Boris Johnson's landslide win in December.
- Reuters - UK Focus
LIVE MARKETS-Luxury: China virus stings hard, $50 bln wiped off
* European shares open down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks rise as regional vote brings relief Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net LUXURY: CHINA VIRUS STINGS HARD, $50 BLN WIPED OFF (0925 GMT) It's not surprising to see more than 95% of the STOXX 600 constituents in red this morning as China's spreading virus outbreak is taking a toll on stocks ranging from miners to perfume makers. The jolt is immediately felt in the top luxury names in Europe with nearly $50 billion wiped off from their market value since the outbreak.
- Reuters - UK Focus
LIVE MARKETS-Postcard from Italy
* Italian banks rise as regional vote brings relief Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Clouds may be darkening on markets this morning on the growing China virus scare but it looks the sun is shining over Italy. UniCredit: "We expect the center-left victory in Emilia Romagna to help ease some pressure within the ruling coalition and provide some support to government action in the coming months".
- Reuters - UK Focus
LIVE MARKETS-Opening snapshot: China-exposed sectors under pressure
* Miners, luxury, airlines lead sectoral fallers Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. The China-sensitive mining sector is down 3.4% and travel & leisure index is 2.2% lower as investors are growing anxious about the new virus. Despite the week-long holiday to celebrate the Chinese new year, investors are concerned people will avoid travelling.
- Simply Wall St.
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