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Share Price Information for Kavango Resources (KAV)

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Share Price: 1.175
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TRADING UPDATES: Menhaden net asset value up but Marble Point's slips

Fri, 15th Sep 2023 13:48

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

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Menhaden Resource Efficiency PLC - invests in businesses and opportunities, delivering or benefiting from the efficient use of energy and resources - Net asset value per share at June 30 half-year end rises 17% to 151.4 pence from 129.8p at the end of December. Reports total return of 17%, beating benchmark return of 5.9%. Menhaden says: "Notable contributors to our performance included private equity clean energy developer X-ELIO, which is expected to realise 2.2 times invested capital following its proposed acquisition by Brookfield Renewable, expected to conclude by the end of 2023. Taken together, our three largest digitalisation (decarbonisation) themed public equities (Microsoft, Alphabet and Amazon) contributed 9.2% to NAV. The two largest detractors were two sustainable infrastructure and transport companies, Union Pacific and Canadian National Railway, which reduced our NAV by 0.3%."

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Marble Point Loan Financing Ltd - closed-ended investment company focused on dollar-denominated, broadly syndicated floating rate senior secured corporate loans - Net asset value per share falls to USD0.52 at June 30 half-year end, from USD0.55 on December 31. Marble Point says: "In a welcome respite from the volatility that impacted global credit markets throughout 2022, leveraged loan markets experienced an auspicious start to the year before being roiled by the March 2023 banking crisis, earnings volatility and nagging recession and rate concerns. However, the Silicon Valley Bank collapse in March spurred retail loan fund outflows and a risk off mindset across broader credit markets, causing loan prices to decline. While loans in the second quarter of 2023 experienced additional bouts of price volatility, the arc ultimately trended positively as broader markets

recovered from the throes of the March banking crisis."

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Cambria Africa PLC - Zimbabwe-focused investment company - Shares return to trading after it reports belated annual results as well as half-year results. For the six months to February 28, net asset value per share fades to USD1.06 from USD1.16 a year prior. "We remain cautiously optimistic about achieving full value for the company's assets beyond its NAV. While we still see value in our listing, the board is considering whether to maintain its listing. With the publishing of the group's FY 2022 and HY 2023 results, the suspension of the company's shares on the AIM will be lifted. This should enable shareholders to trade with a comprehensive understanding of the investment landscape confronting Cambria," the firm adds. Cambria's NAV per share at its August 31, 2022 financial year-end was also USD1.06, down from USD1.16 the year prior. Cambria shares were 25% lower at 0.22 pence each on the return to trading on Friday.

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Kavango Resources PLC - metals exploration company with assets in Botswana and Zimbabwe - Pretax loss in half-year ended June 30 widens to USD1.4 million from USD883,000 a year prior. Administrative expenses increase 32% to USD1.0 million from USD794,000. In addition, it posts USD249,000 worth of pre-licence exploration costs, compared to none a year prior. Kavango generates no revenue, unchanged from a year prior.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
1 Jun 2023 15:52

UK shareholder meetings calendar - next 7 days

Friday 2 June 
Cap-XX LtdGM re fundraising
Conduity Capital PLCGM re future direction of the company
Kibo Energy PLCEGM re renewal of director authorisations to issue shares
Mirriad Advertising PLCGM re new ordinary shares admitted to trading on AIM
Purplebricks Group PLCGM re proposed sale of business & assets to Strike Ltd
Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
WANdisco PLCGM re new shares authorisation and fundraise
Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
10 May 2023 12:37

Kavango shares jump on return to drilling at Kalahari Suture Zone

(Alliance News) - Kavango Resources PLC on Wednesday said it is due to start a drilling campaign on its Kalahari Suture Zone North project.

Read more
9 May 2023 12:20

Kavango Resources to receive GBP6.0 million investment from Purebond

(Alliance News) - Kavango Resources PLC on Tuesday said a GBP6.0 million investment in the company by Purebond Ltd will completed via a direct subscription.

Read more
5 May 2023 14:13

IN BRIEF: Kavango in advanced talks to buy Zimbabwe gold project

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Says it is in late-stage discussions to acquire an unnamed gold project in Zimbabwe. Says it has carried out preliminary drilling and exploration in the project area ahead of negotiations.

Read more
28 Apr 2023 17:13

EARNINGS SUMMARY: Supply@Me and Kavango Resources annual losses widen

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
5 Apr 2023 11:50

Kavango identifies evidence of wider mineralised system in Botswana

(Alliance News) - Kavango Resources PLC on Wednesday said it has identified further evidence of a potential wider mineralised system at its Ditau project in southwest Botswana.

Read more
31 Mar 2023 16:39

TRADING UPDATES: FireAngel signs with British Gas; Shanta pours gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
13 Mar 2023 17:26

TRADING UPDATES: RC365 signs deal with Wching; Woodbois raises cash

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
6 Mar 2023 14:20

Kavango shares rise on possibility of gold at Ditau following review

(Alliance News) - Kavango Resources PLC on Monday touted a review of its Ditau project in Botswana, which has identified further gold potential at the site.

Read more
2 Mar 2023 20:02

IN BRIEF: Kavango Resources to focus on B conductors at Kalahari

Kavango Resources PLC - mineral exploration company focused on Botswana - Provides an operational update for its Kalahari Suture Zone North project.

Read more
28 Feb 2023 16:32

Kavango Resources in acquisition talks and outlines review findings

(Alliance News) - Kavango Resources on Tuesday said it was in talks regarding two possible acquisitions as it outlined three key areas of focus following a strategic review of its operations.

Read more
21 Feb 2023 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 22 February 
Barkby Group PLCAGM
Gooch & Housego PLCAGM
Itaconix PLCGM re open offer shares
RWS Holdings PLCAGM
Tharisa PLCAGM
Thursday 23 February 
Bankers Investment Trust PLCAGM
Foresight Sustainable Forestry Co PLCAGM
IntegraFin Holdings PLCAGM
Friday 24 February 
Caledonian Trust PLCAGM
Ediston Property Investment Co PLCAGM
Monday 27 February 
Bonhill Group PLCGM re proposed capital reduction
Carr's Group PLCAGM
Diversified Energy Co PLCGM re capital raise and proposed acquisition
Oncimmune Holdings PLCAGM
Ramsdens Holdings PLCAGM
Tuesday 28 February 
Aberdeen Diversified Income & Growth Trust PLCAGM
Aquila Energy Efficiency Trust PLCGM re initial public offering vote
Cora Gold LtdGM re equity fundraising
Edge Performance VCT PLCGM re voluntary liquidation
Hambro Perks Acquisition Co LtdEGM business combination extension
Image Scan Holdings PLCAGM
Kavango Resources PLCGM re approving the issue of the Warrants 
Ncondezi Energy LtdEGM re change of name
Newmark Security PLCAGM
Reabold Resources PLCGM re capital reduction
Watkin Jones PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
20 Feb 2023 10:03

Kavango to refocus efforts on Karakubis after consultancy advice

(Alliance News) - Kavango Resources PLC on Monday emphasised the significance of consulting work over its Kalahari exploration programme, as it looks to refocus on the Karakubis project area.

Read more
17 Feb 2023 14:49

IN BRIEF: Kavango Resources completes drilling at Kalahari copper belt

Kavango Resources PLC - Botswana-focused metals exploration company - Completes drilling on the Kalahari copper belt licence. Says a total of 1,885.6 metres across seven holes were drilled, using combination of reverse circulation and diamond drilling. Kavango has sent samples from holes KCBRD005 and KCBRD007 to an internationally accredited laboratory to verify metal values

Read more
13 Jan 2023 14:46

IN BRIEF: Kavango Resources restarts drilling at Kalahari Copper Belt

Kavango Resources PLC - Botswana-focused metals exploration company - Starts drilling on the sixth and final hole in the current drilling programme at Kalahari Copper Belt this weekend following a summer break. Upon completion, the company expects to have drilled around 1,640 metres in the programme, exceeding original guidance.

Read more

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