The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKavango Resources Share News (KAV)

Ben Turney, CEO, Kavango Resources will be presenting and taking live Q&A at focusIR Investor Webinar on 14th May. Please register here.

Share Price Information for Kavango Resources (KAV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.175
Bid: 1.10
Ask: 1.25
Change: 0.00 (0.00%)
Spread: 0.15 (13.636%)
Open: 1.175
High: 1.175
Low: 1.175
Prev. Close: 1.175
KAV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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:

----------

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%."

----------

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."

----------

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.

----------

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.

----------

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
21 Jul 2021 20:19

TRADING UPDATES: Spectra cash cleaner strong on Covid; Fintel grows

TRADING UPDATES: Spectra cash cleaner strong on Covid; Fintel grows

Read more
19 Jul 2021 19:13

TRADING UPDATES: Sareum raises GBP1 million; Marlowe buys Core Stream

TRADING UPDATES: Sareum raises GBP1 million; Marlowe buys Core Stream

Read more
7 Jul 2021 08:49

IN BRIEF: Kavango raises GBP2.0 million; Botswana tests ongoing

IN BRIEF: Kavango raises GBP2.0 million; Botswana tests ongoing

Read more
2 Jul 2021 17:37

TRADING UPDATES: ZAIM Credit launches app; Benchmark in Norway boost

TRADING UPDATES: ZAIM Credit launches app; Benchmark in Norway boost

Read more
22 Jun 2021 14:39

EXECUTIVE CHANGES: Dialight Non-Exec Bird steps down for Headlam role

EXECUTIVE CHANGES: Dialight Non-Exec Bird steps down for Headlam role

Read more
17 Jun 2021 16:01

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
16 Jun 2021 09:21

IN BRIEF: Kavango modelling finds "encouraging" results at Kalahari

IN BRIEF: Kavango modelling finds "encouraging" results at Kalahari

Read more
10 Jun 2021 13:39

IN BRIEF: Kavango to begin drilling Kalahari Suture northern section

IN BRIEF: Kavango to begin drilling Kalahari Suture northern section

Read more
10 Jun 2021 11:15

SMALL-CAP WINNERS & LOSERS: Customers flock to DFS as showrooms reopen

SMALL-CAP WINNERS & LOSERS: Customers flock to DFS as showrooms reopen

Read more
3 Jun 2021 19:20

BUSINESS UPDATES: HSBC issues notes; discoverIE reports profit fall

BUSINESS UPDATES: HSBC issues notes; discoverIE reports profit fall

Read more
14 May 2021 12:02

Kavango and Power Metal confident of major discovery at South Ghanzi

Kavango and Power Metal confident of major discovery at South Ghanzi

Read more
5 May 2021 19:20

TRADING UPDATES: SIG in good start to 2021; Accsys taps EUR37 million

TRADING UPDATES: SIG in good start to 2021; Accsys taps EUR37 million

Read more
20 Apr 2021 10:20

Kavango Resources partners with Spectral for Botswana exploration

Kavango Resources partners with Spectral for Botswana exploration

Read more
29 Mar 2021 17:47

TRADING UPDATES: SDCL Energy inks agreement with Chargemaster

TRADING UPDATES: SDCL Energy inks agreement with Chargemaster

Read more
17 Mar 2021 14:44

TRADING UPDATES: Novacyt expands VersaLab with rapid Covid tests

TRADING UPDATES: Novacyt expands VersaLab with rapid Covid tests

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.