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Again more lrg buying but no change in share price!!
Invest in Cameroon) - During the 3rde In the 2021 quarter, the overall level of investment accelerated in Cameroon. According to the report of the National Institute of Statistics (INS) on national accounts, investment in the country, during the period under review, grew by 5.8% year-on-year (after 5.5% last quarter), thus contributing 1.2 points to GDP growth.
According to the explanations of the INS, this "dynamism of the level of investments results from the intensification of the demand for transport equipment, machinery and equipment, furniture and a consolidation in buildings and public works (BTP) for several quarters".
This increase in investment between July and September 2021 was observed in both the private and public sectors. Indeed, notes the INS, "with a contribution of one point to GDP growth, private investment grew by 5.7%, while the public component evolved by 19.8%, for a contribution of 0.6 points to GDP growth attributable to a continuous increase in capital expenditure".
https://www.investiraucameroun.com/gestion-publique/1803-17662-btp-transports-equipements-boostent-l-investissement-5-8-au-cameroun-au-3e-trimestre-2021
That’s 8 mil bought if it’s the same person, will get an holding Rns
Follow the money..... :-)
More lrg buys at end od day ??
some body is in the know !!!
ASK Prometal
According to the promoters, the cylinders produced will comply with both Cameroonian and international standards.
Contact https://prometal-cm.com/
How could l find out if the New gas bottles that are going to be produced by prometal will meet UK standards
From 14 September 2021
Iron: the most modern processing plant in sub-Saharan Africa will be operational in Douala in October 2021
Impact on the economy
So far, we learn, these products are imported by African countries (except for two from the Maghreb). Their production in Cameroon, according to Prometal's estimates, will allow the country to reduce its trade balance deficit on iron-based building materials by about 50%.
In addition, according to the analysis, the entry into production of Prometal 4 should contribute to boost the turnover of some of the company's strategic suppliers. These include the electricity company Eneo, to which Prometal, its 2e customer after Alucam (Cameroonian Aluminum Company), already pays annual bills of about 4 billion FCFA; and Gaz du Cameroun (GDC), which already receives annual payments of CFAF 1.6 billion from Prometal.
https://www.investiraucameroun.com/gestion-publique/1409-16844-fer-l-usine-de-transformation-la-plus-moderne-d-afrique-sub-saharienne-sera-operationnelle-a-douala-en-octobre-2021
Who knows - just under the 3% for a TR1 notice unless an existing holder (Differing rules for UK/offshore) - Expect the latter - can't see a 'newbie' picking up that amount via an MM order that's been filled over days/weeks. May have been an institiuton shifting between funds, and we haven't seen the matching sell yet. Stranger things have happened tho!
If a buy one would expect a rise let's hope it is and up it goes
Apologies wasn't meant to be having a go
Just more of is a possibility?
Always read your informative post and find very good information !
Cheers
14-Mar-22 11:07:42 4.00 7,000,000
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BRWR3752GBGBXAMSM.html?lang=en
Nice to see a level playing pitch when a 7m trade gets done - assume a buy. Hmmmm
Not suggesting anything just posting items which may be of interest to followers / watchers of VOG
Prometal are a client of GDZ on our doorstep increasing their plant size to five which may increase sales to company
Info were getting from VOG is minimal atm so just trying to keep some news relating to area in which we operate
https://www.gazducameroun.com/our-clients/
You suggest vog can supply the Gas ??
Since November 2021, the company Prometal, the leader in the rebar market in Central Africa, has launched in the city of Douala, the Cameroonian economic capital, the construction works of its 5th plant , which will will produce domestic gas cylinders. “ ?Two other projects are annexed to this factory, in particular the manufacture of wheelbarrows and metal frames? ”, specifies a source close to the file.
Investment of a total amount of 12 billion FCFA, supported by a banking consortium in which we find BGFI Cameroon and CCA Bank, the plant should be commissioned in July 2022. This industrial production unit, which will make it possible to create 250 direct jobs, will then put on the Cameroonian and sub-regional market some 600,000 bottles of domestic gas each year, we learn.
“? Cameroon currently imports around 450,000 to 500,000 cylinders of domestic gas per year, for an amount of around 8 billion FCFA. At full capacity, this plant should allow the country to no longer depend on imports and to export up to 100,000 bottles of domestic gas per year. This should not only allow the Cameroonian metallurgical industry to shine on the African market, in the context of the African Continental Free Trade Area (Zlecaf), but also reduce the country's trade balance deficit ?,” explains an internal company source.
According to the promoters, this plant will market gas cylinders to international standards, while respecting the Cameroonian standard. This should contribute to reducing the tragedies experienced in Cameroonian households, because of old gas cylinders that have become defective. Indeed, according to a joint study carried out in 2011 by the Department of Metrology and Consumer Protection of the Ministry of Commerce and the Hydrocarbons Price Stabilization Fund (CSPH), "70% of domestic gas cylinders in circulation in the country are defective” .
https://t.co/5nWyMZ52Jn
I fully understand how much Roy has done todate given the mess he inherited .
But can't explain why we have not seen results of arbitration!!.
And should be increased Gas sales with oil sky high!!
https://www.lse.co.uk/rns/VOG/roy-kelly-appointed-as-new-ceo-and-board-change-6s0z2xpq1gkfvn8.html
Roy Kelly Appointed as New CEO and Board Change
Roger Kennedy, Chairman said:
"Roy is a seasoned oil and gas professional and is well known and respected in the industry and amongst investors in the sector. His experience in asset development, both upstream and downstream, and history and knowledge of African oil and gas projects, particularly in Cameroon, will be invaluable to our Company. Roy has shown great leadership and resolve in his past positions, building dedicated and professional teams which have successfully executed their technical and strategic goals. He is known for a pragmatic, hands on and direct approach to creating value.
I have known Roy professionally for eighteen years and have full confidence that he will positively manage the Company and set it on a new, long-term course to ensure increase of shareholder value.
I and the rest of the VOG team are extremely excited to have Roy lead the Company forward.
Roy Kelly, Chief Executive Officer said:
"I am excited and flattered to be joining Victoria Oil & Gas at this time. The company has a unique position and business model in Cameroon, and I look forward to continuing its growth in this and other markets. The Company is not without its challenges and
I look forward to communicating clearly how we plan to tackle these tasks for the benefit of shareholders and indeed all stakeholders."
SP that day
11 Mar 2020 Opened @ 3.8400 Closed 3.5800
That said. What a time to have all your gas sales at low fixed rates when every other gas provider is raking it in
Sp holding up fairly well during the ""special military operation"" otherwise known as a brutal invasion.
Maybe our title has left the herd with the impression that we are involved in oil.
Guinness Cameroon declares having invested 15 billion FCFA to boost its production capacities by 29%
(Business in Cameroon) - In an announcement released on March 9, the Guinness Cameroon brewing company, a subsidiary of Britain's Diageo, declared that it had invested 15 billion FCFA over the past four years. The money was injected, indicates the company, in the production tool, the production projects of local inputs in the North and the Far North of the country.
According to the brewing company, this investment has created more than 15,000 indirect jobs and boosted its annual production capacity by 29%. It thus went from 1.2 million to 1.55 million hectolitres, or 120 million to 155 million litres.
But this announced production capacity remains far below that of the SABC. The subsidiary of the Castel group remains the market leader with 74% of the shares. The SABC, according to the available data (those of 2017), shows a total production of 8.2 million hectoliters of beer, soft drinks and alcohol-mixes.
But the Diageo subsidiary has been involved in the import and marketing of spirits for a few years, with a view to diversifying into this market largely dominated by the SABC.
https://www.investiraucameroun.com/gestion-publique/0903-17616-guinness-cameroun-declare-avoir-investi-15-milliards-de-fcfa-pour-booster-ses-capacites-de-production-de-29
...........................
https://www.gazducameroun.com/our-clients/
https://ocamer.com/en/news/tramway-de-douala-le-demarrage-des-travaux-annonce-pour-2023-2/6994
(Business in Cameroon)
Wednesday, 30 January 2019
Belgian-Turkish consortium Iristone-Ilci to start construction of a tramway in Douala, in H1 2019
https://www.businessincameroon.com/transport/3001-8807-belgian-turkish-consortium-iristone-ilci-to-start-construction-of-a-tramway-in-douala-in-h1-2019
........................
In an interview with the newspaper Défis Actuelles, the mayor of the city of Douala, Roger Mbassa Ndine announces the start of construction work on an 18 km tram line in 2023.
The project will be carried out by the Belgian-Turkish consortium Iristone-Ilci. Although the cost of the work has never been disclosed, the builder intends to deliver the work in 2023, it is assumed. The start of construction of this mode of urban transport had already been announced in 2019, for commissioning in 2021.
Work that will never see the light of day. Then in January 2022, the mayor of the economic capital resurrected the project. According to him, it was only in 2021 that the project was implemented in the urban community for which he is responsible.
With respect, are you having a laugh.
VOG can’t even sell gas to customers in Douala, who were supposedly crying out for the stuff, according to Foo.