Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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That’s a very upbeat news article….
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Had a msg from m ellwood indicating things seemed to be progressing well. Think we may hear pretty soon ref the prospectus and the investor webinar. Also read somewhere that line wanted to complete by September, which is pretty fast -4 months roughly…
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Https://www.businessnewsaustralia.com/articles/green-light-for-tasmania-s-first-green-hydrogen-facility-as-line-gears-up-for-lse-listing.html
Interesting read, which seems to indicate Line has a £43million valuation, pre-raise... would be interesting to understand the numbers backing that number up.
Https://www.linehydrogen.com.au/news/line-hydrogen-announces-uk-listing
The Australian green hydrogen company is merging with UK organisation, Net Zero Infrastructure PLC, and is set to be listed on the LSE by September.
Any views what this could be worth to existing shareholders?
"Proposed Acquisition and Suspension of Listing
01/06/2023
DOCUMENT DOWNLOAD"
https://nziplc.com/rns-news-headlines-2/
"Possible Acquisition and Suspension of Listing
NET ZERO INFRASTRUCTURE PLC
Released 07:51:00 01 June 2023
... The Directors of the Company are pleased to inform shareholders that it has signed a non-binding letter of intent ("LOI") to acquire the entire issued share capital of LINE Hydrogen (Australia) Pty Ltd, a limited liability company in the renewables energy sector incorporated in Australia (the "Potential Target") in consideration for an issue of new shares in the Company (the "Acquisition"). The Acquisition, if completed, and an associated proposed private fundraise by the Company, details of which will be announced in due course, would result in the shareholders of the Potential Target having a majority interest in the enlarged group. ...
NZI's Chairman, Mike Elwood said: "Joining forces with LINE Hydrogen means we can leverage our joint resources with a view to expanding operations and driving the development of the green energy sector. Together, we believe that we are well-positioned to capitalize on the growth potential in this market and contribute to a more sustainable future."
Brendan James, Founder and Executive Chairman of LINE Hydrogen, added: "We are thrilled to announce our proposed transaction with NZI," said Brendan James, Founder and Executive Chairman of LINE Hydrogen. "The planned merger reflects our shared vision of advancing the hydrogen economy and accelerating the adoption of clean energy solutions. We believe that, by combining our strengths and expertise, we can create significant value for our shareholders and make a positive impact on the global energy landscape." ...
About LINE Hydrogen (Australia) Pty Ltd
LINE Hydrogen (Australia) Pty Ltd is an Australian-based hydrogen production company. The company specializes in the production, distribution and storage of hydrogen for various applications, offering innovative solutions that contribute towards a sustainable and decarbonized future. ..."
file:///C:/Users/adult_int/Downloads/Possible-Acquisition-and-Suspension-of-Listing.pdf
"Green
Hydrogen Production
Now"
"LINE Hydrogen will deliver early market, commercial scale green hydrogen for diesel replacement in Australia."
https://www.linehydrogen.com.au/
Looks like it could be a large and exciting RTO.
NZI has been suspended today at a price of 1.35p, market cap. £819,450 (60.7M. shares in issue).
Hmm hydrogen play…
V interesting
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Main market cash shell. Lol . No chance of it delisting.. way too valuable given new rules for cash shells now…
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There is not a cat in hells chance this lot get a deal done before they have to delist.
Agreed, sounds like an amicable split and the ropey markets caused by the "mini budget" caused them not to be able to raise sufficient capital. Still deemed it to be a good company though and sounds like the DD didn't throw up any nasty surprises.
One thing of note is the areas they are exploring mentioned in the video, waste to fuel, C02 Capture being notable mentions.
I bought into another company called IX.NetZero which has exposure to those two industries already, mainly as it was trading at a 90% discount to reported NAV and it's done well the last week or so. I know the industry isn't necessarily talk of the town at the moment, but a 90% discount felt ludicrous, when looking at the potential of their investments.
Hopefully NZI releases an RNS soon indicating an acquisition in the pipeline! Even if it is Taylor Construction that would be welcomed.
Also, from what I’ve gleaned about the previous offer they walked away from, I would t necessarily discount it being explored again in the future either…..
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Liked the interview.
My understanding is that they’re focused on a couple of opportunities at the moment.
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Not sure if anyone saw this, the latest video. But I flicked through and Mike seemed upbeat regarding the current opportunities available. Link dropped for anyone who wants a listen.
https://www.thearmchairtrader.com/podcast-mike-ellwood-net-zero-infrastructure/
'Thetruth23' appears to have some sort of agenda, as why post on a company they don't have an interest in. Other than abuse the BOD by posting insulting comments based on their capability, they seem to struggle with providing anything with credibility.
IMO NZ is still big on govt agenda, but took a back seat primarily due to the immediate requirements of energy by nations, caused by the conflict in Ukraine.
What this has highlighted is the requirement for cleaner alternative sources of energy at a more quicker pace and I personally feel there are opportunities in this space, which have the opportunity for substantial long-term gains.
GLA.DYOR.AIMHO.
Haha the fact people haven’t cut their losses here is comical, an absolute AIM **** show of the highest order
Not good is it really. Doesn't exactly give a lot of confidence for those holding.
Apparently docs were sent to shareholders registered on the register .
But they should have published them on the website and issued RNS’s in advance of the meeting.
They need to get on top of that
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Notice all resolutions were passes at the recent AGM, but when was the notice of AGM given? And what exactly were the resolutions that got passed.
You honestly think this lot of clowns have any chance in doing a deal in their 24 month grace period? Couldn’t run a hot bath.
A main market cash shell delisting? Lol. Not a chance …….
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"Eminent Delisting" and what logic is that based on? Doesn't appear to be an RNS to that effect.
A precursor to your eminent delisting - yes.
Opportunistic, or precursor to something….
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You’re missing the key difference.
Pineapple actually have a BOD with credentials and some expertise on the markets and raising significant funds.
NZI have….errrr….less said the better I think.
True, though that will gradually decline during the normal ongoing operations of the company, at least until a deal is completed .
That being said, directors taking no salaries at moment, and corporate advisor budget is being kept at a minimum, so they’re taking prudent steps to preserving cash for progressing deals…
Main market listing is also inherently valuable too…
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Probably low liquidity. 1/3rd of stock concentrated in just 4 shareholders hands…
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