Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video 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: -0.05 (-4.08%)
Spread: 0.15 (13.636%)
Open: 1.225
High: 1.225
Low: 1.175
Prev. Close: 1.225
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
25 Feb 2021 17:58

TRADING UPDATES: Yellow Cake And Asiamet Resources Plan Fundraises

TRADING UPDATES: Yellow Cake And Asiamet Resources Plan Fundraises

Read more
3 Feb 2021 14:09

IN BRIEF: Kavango Eyes Furthering Southern Part Of Kalahari Suture

IN BRIEF: Kavango Eyes Furthering Southern Part Of Kalahari Suture

Read more
1 Feb 2021 21:26

TRADING UPDATES: REA Production Dips But Sees Stronger Second Half

TRADING UPDATES: REA Production Dips But Sees Stronger Second Half

Read more
29 Jan 2021 18:26

TRADING UPDATES: Character Extends Peppa Pig Deal; Dekel Raises Cash

TRADING UPDATES: Character Extends Peppa Pig Deal; Dekel Raises Cash

Read more
11 Jan 2021 14:58

UK EXECUTIVE CHANGE SUMMARY: M&G Chair Evans Takes Temporary Break

UK EXECUTIVE CHANGE SUMMARY: M&G Chair Evans Takes Temporary Break

Read more
6 Jan 2021 19:11

IN BRIEF: Power Metal Resources To Pay USD150,000 Into Kavango JV

IN BRIEF: Power Metal Resources To Pay USD150,000 Into Kavango JV

Read more
4 Jan 2021 16:21

IN BRIEF: Power Metal, Kavango Progress Ditau Project In Botswana

IN BRIEF: Power Metal, Kavango Progress Ditau Project In Botswana

Read more
23 Dec 2020 19:50

UK TRADING UPDATE SUMMARY: Polarean And Amryt Get US FDA Boost

UK TRADING UPDATE SUMMARY: Polarean And Amryt Get US FDA Boost

Read more
23 Dec 2020 13:44

UK EXECUTIVE CHANGE SUMMARY: United Oil & Gas Hires Former Tullow CFO

UK EXECUTIVE CHANGE SUMMARY: United Oil & Gas Hires Former Tullow CFO

Read more
17 Dec 2020 22:00

UK TRADING UPDATE SUMMARY: SolGold Encouraged By Drilling At Cascabel

UK TRADING UPDATE SUMMARY: SolGold Encouraged By Drilling At Cascabel

Read more
30 Nov 2020 20:36

IN BRIEF: Kavango Selects 4 Primary Target Areas In KSZ Project

IN BRIEF: Kavango Selects 4 Primary Target Areas In KSZ Project

Read more
10 Nov 2020 17:40

UK TRADING UPDATE SUMMARY: Newly-Listed Wheaton Reports Bumper Quarter

UK TRADING UPDATE SUMMARY: Newly-Listed Wheaton Reports Bumper Quarter

Read more
23 Oct 2020 19:27

IN BRIEF: Kavango Resources Finds Evidence Of Metal Sulphides In KSZ

IN BRIEF: Kavango Resources Finds Evidence Of Metal Sulphides In KSZ

Read more
1 Oct 2020 11:45

IN BRIEF: Kavango Resources Interim Loss Narrows As Expenses Fall

IN BRIEF: Kavango Resources Interim Loss Narrows As Expenses Fall

Read more
29 Sep 2020 17:26

IN BRIEF: Kavango Resources Resumes Field Exploration In Botswana

IN BRIEF: Kavango Resources Resumes Field Exploration In Botswana

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.