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Pin to quick picksMc Mining Share News (MCM)

Share Price Information for Mc Mining (MCM)

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Share Price: 7.50
Bid: 7.00
Ask: 8.00
Change: 0.00 (0.00%)
Spread: 1.00 (14.286%)
Open: 7.50
High: 7.50
Low: 7.50
Prev. Close: 7.50
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MC Mining refreshes cooperation agreement with Haohua Energy

Fri, 21st Jun 2019 09:41

(Sharecast News) - MC Mining announced the signing of a cooperation agreement with Haohua Energy International Hong Kong (HEI) on Friday, which is a wholly-owned subsidiary of Shanghai-listed Beijing Haohua Energy Resource Company, the largest exporter of anthracite coal from China.The AIM-traded firm said the original cooperation agreement between the parties was signed in 2013.However, the board said the introduction of new shareholders during the last six years resulted in HEI not maintaining the required 19.9% shareholding in MC Mining, with the agreement subsequently lapsing.The revised 2019 cooperation agreement reportedly aligned HEI's threshold with other substantial shareholders eligible to have a board seat, with the company needing to maintain an interest of at least 5.4% to have the right to nominate a potential director to the MC Mining board.Shangren Ding is HEI's current representative, and would remain on the board as their nominee."MC Mining believes it is important to maintain the relationship with HEI in order to benefit from their substantial knowledge, and the cooperation agreement facilitates a long-term mutually beneficial strategic partnership," the board said in its statement."The agreement includes details on the commercial, technical, financial and operational issues pursuant to which MC Mining will be able to draw on HEI's technical expertise."Furthermore, HEI will assist and use its best endeavours to arrange further funding in the development of the MC Mining's substantial coking coal assets."
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27 Mar 2014 09:02

Thursday broker round-up UPDATE

Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom

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26 Sep 2013 16:21

Motivcom aims for ISA appeal with steady growth and dividend

Motivcom is a cash-generative business with a good dividend yield and a strong management team - it has fans among professional and private investors alike. With AIM shares finally allowed into ISAs since August, this looks a suitable piece for a broad portfolio. The group is split into two core ar

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26 Sep 2012 16:52

Motivcom signals confidence with divi hike

Employee retention and company events specialist Motivcom signalled confidence for the full year with a big hike in its interim dividend, despite a decline in revenues and profits. Timing differences in major contracts and other phasing issues meant that revenue in the first half of 2012 retreated

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28 Mar 2012 12:31

Motivcom tops reduced expectations

Things look to be back on a sound footing at Motivcom, the business services group which went through the pain of a profit warning back in September. Finance director Sue Hocken told Sharecast at the time of its profits warning that it had set its full year guidance at a cautious level and that the

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27 Sep 2011 18:18

Motivcom undone by events

Employee benefits and corporate events management firm Motivcom saw its shares lose almost one-sixth of their value after it issued a profit warning along with its interim figures, but the company is confident that revised market expectations for the full-year are achievable. House broker Numis Sec

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19 Sep 2011 13:52

Motivcom grows events division with £5.25m acquisition

Zibrant, a subsidiary in the Events and Communications division of business services group Motivcom, has bought marketing solutions company Goldserve for £5.25m in cash. "Goldserve operates more than 2,000 global lead and enquiry websites, generating in excess of 10,000 new event enquiries per year

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6 Apr 2011 16:47

London close: M&S leads FTSE 100 higher

London's leading share index finished with good gains Wednesday, with high street favourite Marks & Spencer the star of the show. Brokers have been queuing up today to praise the results from the bellwether of the UK retail sector after it delivered a forecast busting trading update. The company

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6 Apr 2011 14:56

London afternoon: M&S marches higher

Brokers have been queuing up today to praise the results from Marks & Spencer after the bellwether of the UK retail sector delivered a forecast busting trading update. The high street stalwart saw a sharp drop in like-for-like sales of clothes and other non-food items in the 13 weeks to 2 April, t

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6 Apr 2011 12:19

Cash rolls in at Motivcom

Motivcom, the marketing services group, hailed another year of strong growth in 2010. For the year in question its revenues rose by 12.8% to £15.48m. Headline profit before tax improved by 34% to £4.69m. Its cash generated from operations improved considerably, slightly more than doubling, to reach

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18 Jan 2011 12:38

Small caps round-up: ATH Resources, Hellenic Carriers, Oakley Capital...

One of Britain's biggest coal producers ATH Resources traded in line with expectations during the first quarter, although geological issues at its Glenmuckloch site continue to cause concern. The firm is also worried about the recent dramatic increase in the price of gas oil which, if it continues

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29 Sep 2010 15:12

Motivcom significantly ahead

Marketing services group Motivcom expects full year results to be significantly ahead of the expectations it held at the start of the year, after a strong first half. Although revenue in the six months to 30 June dipped slightly to £47.3m from £49.0m the year before, profit before tax jumped to £2

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31 Mar 2010 13:16

Small caps round-up: Aurum, Berkeley Minerals, CSS Stellar ...

Aurum Mining has reached commercial agreement with Kentor Gold for the acquisition of its remaining 10% interest in the Andash asset for a consideration of US$2.2m, to be paid in three instalments by 30 July 2010. Berkeley Minerals posted a loss of £232,000 for the six months ended December, compar

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