Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"London Stock Exchange Group welcomes The Net Zero Delivery Summit
Posted: 11 May 2022
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Mark Carney, UN Special Envoy on Climate action and Finance, and Co-Chair, GFANZ opened the market to celebrate the Net Zero Delivery Summit, organized by the City of London Corporation in association with COP26 Presidency UK and Glasgow Financial Alliance for Net Zero (GFANZ).
The City of London Corporation, in association with the COP 26 UK Presidency 2022, is organizing the Net Zero Delivery Summit at the Mansion House, London, on 11th and 12th May 2022.
This international summit, delivered at the halfway milestone between COP 26 in Glasgow and COP 27 in Sharm El-Sheikh, will focus on net zero delivery and the progress of key priorities for finance agreed at COP 26 in Glasgow.
COP26 attracted unprecedented presence and engagement from the financial and professional services (FPS) sector, with the UK and City leading on the commitment to realign trillions of dollars towards global net zero. Almost 200 countries agreed to the Glasgow Climate Pact which aims “to keep 1.5C alive” and complete the Paris Agreement, by accelerating action on climate this decade.
In Glasgow, countries agreed the way forward for the new post-2025 climate finance goal with up to $130tn of private capital committed to reaching net zero by 2050.
The Net Zero Delivery Summit will evaluate the progress made so far, set new milestones, and accelerate on delivery.
Senior international policymakers, experts and Ministers will address what the current challenge to energy security and disruption to supply chains means for the net zero agenda and its implementation; how financial and professional services are supporting net zero delivery across the wider economy; and how finance is being effectively mobilised to support the net zero transition in emerging markets, to build climate resilience in developing countries and secure a just transition to net zero.
Hosted by The Lord Mayor of London, Vincent Keaveny, with participation from the COP 26 and the Glasgow Financial Alliance for Net Zero (GFANZ) leadership, as well as FPS and business leaders, the summit will commit to driving three objectives:
• Maintain momentum on key policy initiatives for finance from COP 26;
• Present as best practice, the role of FPS in helping the wider economy achieve net zero;
• Secure London’s role as a strategic leader on sustainable finance.
Speakers include, John Kerry, Special Presidential Envoy for Climate, Alok Sharma, MP, and COP 26 President; Mark Carney, Co-Chair of GFANZ and UN Special Envoy for Climate Action and Finance, Mary Schapiro, Vice Chair and Head of the Secretariats for GFANZ and Task Force on Climate-related Financial Disclosures ...
www.netzerodeliverysummit.com"
https://www.londonstockexchange.com/discover/news-and-insights/london-stock-exchange-group-welcomes-net-zero-delivery-summit
A shell like NZI - with both great cash underpinning and great deal prospects - is a great place to 'park funds' at the moment.
Many investors may wish to reduce their exposure to shares in companies with trading businesses, but holding cash for months doesn't give any real direct upside - certainly in the short term.
NZI though has both underpinning, and great potential upside - it could easily multibag from this level on a good deal, and it could be soon.
And you don't have to worry about funds being tied up here for a while if you won't be using them anyway.
Thanks to Burton for flagging up the article below in January, which is worth revisiting.
There's only about four months left to meet that one year target, though of course something could be unveiled sooner.
Either way though, good progress on assessing target companies, and due diligence, should have been made since listing eight months ago.
Though NZI has been very quiet, with shells that tends to be a sign that it's busy, and has keeping its cards close to its chest.
"DATE
26.01.22
Time to zero in on Net Zero Infrastructure ?
“…We’ll have something done within the first year of IPO…” ...
Fund managers of the Association of Investment Companies are tipping that renewable energy will be the best performing sector in 2022, and that’s one of the reasons why before September 2022, Net Zero Infrastructure hopes it will have made its proof-of-concept, proof-of-listing investment.
Chairman Mike Elwood is confident his wish to make the first post-listing deal within 12 month’s of IPO will be done.
“I’m looking forward to finding that target that we believe is the right fit for NZI. I’m looking forward to NZI being a real company with a real business and a good purpose behind it.”
He says that the company was established to connect power sources around the grid by making investments into, for example, the entrepreneurial smaller companies with green energy tech capability.
The intelligence about the right fit investee enterprises is coming from within. Elwood credits his shareholders and their own networks as being the conduits who are introducing the ideas and businesses that are ripe for investment at the right stage of development.
One shareholder in particular has confidence. Rupert Labrum has built up a 29% interest in NZI and is responsible for the multiple ‘Holding(s) in Company’ RNS’s that are dominating NZI’s official news feed. Labrum is also the film producer behind the critically acclaimed ‘Let Me Go’ starring Juliet Stevenson, and he’s all about authenticity and true story narratives.
Elwood is aware, and as he explains to Sarah Lowther in this podcast: “Getting the right type of investment is critical to making sure we get the story right for the shareholders.”"
https://total-market-solutions.com/2022/01/net-zero-infrastructure-plc-january-2022/
Poor stock market conditions tend to make it harder to IPO, increasing the attractions of the RTO route, and increasing the bargaining power of shells like NZI.
And meanwhile, the valuations of RTO targets for shells tend to be depressed.
So ironically, the s.p.s of shells like NZI can become depressed at the same time as they are in effect becoming more valuable: more capable of cutting a cracking RTO deal on great terms - i.e. a better shell valuation and lower target valuation, and great quality targets.
NZI should be making great progress towards a potential RTO, and should be updating us very soon.
NZI's current market cap., at 2.1p (down from 2.5p late morning), is just £1.27M.
It raised £1.5M. at 3p when it floated eight months ago.
It could be the cheapest shell on the London Stock Exchange.
15th Sep 2021 7:00 am RNS Admission to the Official List and First Day of Dealings
"Net Zero Infrastructure PLC, a UK company established as a special purpose acquisition company to seek and acquire businesses in the clean energy sector, is pleased to announce that its ordinary shares of £0.01 each have been admitted to the Standard Segment of the Official List and to trading on the Main Market of the London Stock Exchange, following a successful placing of 50,000,000 ordinary shares at £0.03 pence per share raising gross proceeds of £1,500,000, before expenses.
First dealings in the Ordinary Shares are due to commence at 8am today under the ticker symbol “NZI”.
On admission, the Company will have 60,700,000 ordinary shares in issue. ..."
https://www.lse.co.uk/rns/NZI/admission-to-the-official-list-and-first-day-of-dealings-a1bx6vnwsukw7lb.html
Added more today
L
“…We’ll have something done within the first year of IPO…”
Podcast interview...
https://total-market-solutions.com/2022/01/net-zero-infrastructure-plc-january-2022/
Added more last week
L
https://total-market-solutions.com/2021/12/12-companies-to-follow-in-2022/
Great research skittish, bring on Monday...
Interesting link up announced on 12-11-2021 at COP26 - SDCL and Rolls Royce to launch "Energy-as-a Service" with SDCL providing the finance and Rolls Royce the nuts and bolts.
https://www.sdclgroup.com/blog/2021/11/12/rolls-royce-and-sdcl-join-forces-to-accelerate-the-take-up-of-sustainable-power-with-launch-of-energy-as-a-service/
The interest here is that Rolls Royce is of course a major UK company, and that Alejandro Ciruelos a director at NZI, is MD Renewable Energy at SDCL.
"Rolls-Royce will work with SDCL and other partners to design, finance, build, commission and operate new projects. SDCL has more than a decade of experience of developing and financing clean and decentralised energy infrastructure projects in the UK, continental Europe, North America and Asia. Rolls-Royce, through its Power Systems business unit, has a portfolio of microgrid systems that bring together renewable energy sources such as solar and windpower with mtu-branded battery storage and gensets (an engine and electrical generator) to ensure reliable power generation. It is currently developing fuel cell systems and making its existing mtu engines compatible with sustainable fuels, paving the way for net zero microgrid solutions within the next two years."
Key words here I think are "other partners" and "net zero microgrid solutions" - opening for NZI?
me, let me go.......light the fuse
So under radar here. 2m cash shell uber cheap when you look at market peers... Big big re rate incoming. Dyor
Paid. Let's get this moving..
close to liftoff??
and another buy to start the mornng off with
l...
T321 - possibly , but having looked briefly at Palatine I'd say this was a private holding rather than anything to do with Palatine, as it doesn't immediately appear to fit with the areas in which they operate - but then what do I know?
As for links with Primorus, a brief search reveals that there could be a link through Christmas golfing!!!
https://wildernesse.intelligentgolf.co.uk/competition.php?go=info&compid=796
Rupert Labrum is there at No3 (clearly he is a keen golfer) and open sources reveal he is married to Sue.
Hedley Clark of Primorus is there at No18 (obviously he spends far too much time in the office).
And at No22 is a Richard Thomas (but is it this Richard Thomas?), maybe the same, maybe not.
They cannot be acting in concert, but if it is the same Richard Thomas maybe he and RL see value in the same opportunity.
No doubt time will tell if there is any link between the two, but that another shareholder has acquired a largish stake is interesting in itself.
One would think that there is a plan involving Primorus and one of its SPAC's (but then NZI is a SPAC in itself), so we will see how all this plays out.
One interesting point is that resolutions passed by NZI at the last GM allows the directors authority for 5 years to issue shares up to a nominal amount of £50M, bearing mind the nominal amount of the shares is 1p that allows for an awful lot of funding to take place, given the right opportunity.
Also of interest here is that Alejandro Ciruelos, a director at NZI from 4-8-2021 was also appointed a member of SDCL Edge Sponsorship Participation LLP on 9-4-2021,
https://find-and-update.company-information.service.gov.uk/officers/d_EikEoHB-aXSUgJW5R4HcNOExM/appointments
which appears to be a subsidiary of US SDCL which IPO'd on the NYSE on 1-11-2021, and presently has in excess of $2Bn in renewable assets under administration.
He is listed on the main SDCL website as MD Renewable Energy.
https://www.sdclgroup.com/investments/team/
https://www.sdclgroup.com/investments/news-insights/
Similar in someway to Primorus' new friends at Alteration Earth plc, Andrew Coull and his links with Gneiss Energy
https://find-and-update.company-information.service.gov.uk/company/13571750/officers
http://gneiss.energy/team/andrew-coull/
Companies with which Rupert Labrum is connected do appear to have some well financed eco friendly friends - I'm sure that there is a plan here somewhere, but I'm not sure what it is.
But raising finance doesn't look like it will be a problem for them.
So a Richard Thomas has just gone over 5%. Wonder who he is, possibly the director in the West Midlands PE firm Palatine? https://www.palatinepe.com/our-team/
A nd another large buy before the close !
Who is he buying from?
Executive Chairman of Primorus Investments: https://primorusinvestments.com/about/the-board/
Rupert Labrum is the Executive Chairman of Primorus Investments PRIM.
Who is Rupert Labrum?
Bill Gates: Funding clean technology is the way to avoid climate disaster
https://amp.ft.com/content/ea71f4f8-e5d8-4324-a42c-8fa09ccb1cc5
But who's selling? Interesting article on ************* just now! As was previously suggested Bargepole!
Rupert Labrum continues to increase his holding, a significant 24.7 % now. Follow the money