'Further to the announcement on 29 July 2016, the board of Braveheart is pleased to announce that it has agreed terms to conditionally sell its 1.25 per cent. interest and the 3.75 per cent. interest held by Strathclyde Investment Fund ("SIF"), in which the Group has an 89.3 per cent. interest, in mLED Limited ("mLED") to a large US based technology company. The sale is conditional, inter alia, on the termination of certain '
I would this to mean that BRH hold 89.3% of SIF's 3.75% interest.
Not 89.3% of mLed as a whole.
all IMO - Happy to be advised otherwise.
Expecting news any day wrt new technology release.
From TU on 5th May.
'At the end of this month, Rosslyn's R&D team will be releasing a new technology that enables a client to extract, process and visualise their data with less effort. By focusing on developing these smart technologies, that mask the complexities of analytics, the Directors believe that it greatly improves Rosslyn's clients' success rates and returns on investment. Enabling Rosslyn's clients with easy to use and intuitive solutions is an essential ingredient to them being able to move at speed and with certainty. '
London, United Kingdom — June 2nd, 2016 — Rosslyn Analytics today announced it has been named a finalist in the 2016 Microsoft Data Platform Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.
"We are delighted to be the recipient for this award”, said Hugh Cox, Co-Founder and Chief Data Officer. "This award recognizes the significant achievement we have made in developing a data analytics platform that utilizes the best technologies in the market whilst also delivering against our client requirements."
Awards were presented in several categories, with winners chosen from a set of more than 2,500 entrants from 119 countries worldwide. Rosslyn Analytics was recognized for providing outstanding solutions and services in Data Analytics Platform.
“We are honored to recognize Rosslyn Analytics as this year’s finalist of the 2016 Microsoft data platform partner of the year award,” said Gavriella Schuster, general manager, Worldwide Partner Group, Microsoft Corp. “Rosslyn Analytics is a prime example of the excellent talent we see in our Microsoft partner community to deliver innovative and transformative solutions to our mutual customers.”
The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered exceptional Microsoft-based solutions during the past year
From Admission Document.
Number of Existing Ordinary Shares in issue at the date of this 30,000,000
Number of Placing Shares 12,475,000
Number of Ordinary Shares in issue immediately following Admission 42,475,000
Posted in: SEN
Because SEN is being valued at 15% of the new group and has 27million shares , you calculate that the rest of the company will then have 153million shares.
Does this need to be the case?
Surely they could raise the other funds at higher than the current SP of SEN.
Posted in: SEN
Senterra Energy plc
The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 23/05/2016 7:30 AM at the request of the company pending an announceme
Posted in: RAME
The Chilean renewables market has been the focus of much interest in recent years as the industry reacts to the potential for growth. In August 2014, the government awarded 76 concessions to more than 30 companies for development of 3.1GW of wind and solar energy projects.
Latest figures released by the Centre for Renewable Energy in Chile in September 2015 have exceeded all expectations, with an encouraging pipeline of 50 renewable energy projects, corresponding to 2,394MW, declared under construction and planned to become operational between September 2015 and August 2017. As of August 2015, there were 69 renewable energy projects undergoing environmental evaluation by the environment authority with a total capacity of 6,015MW.
Renewable power is likely to continue to develop and to take a more prominent role in the energy profile in Chile. In August 2014 the installed renewable energy capacity represented 8.7 per cent of the total electrical capacity of the distribution system in Chile, whereas as of August 2015 this figure has increased to 11.27 per cent. Its growth will be sustained by a new renewable generation target of 20 per cent by 2025
Trading Emissions PLC (the "Company") announces a distribution of capital to Shareholders of 5.0 pence per Share, equivalent to approximately £12.5 million ("the Distribution"). The Distribution will be financed from the Share premium account. The distribution will be paid on 29 April 2016 to Shareholders recorded on the register on 8 April 2016. The Shares will be marked ex on 7 April 2016.
Directors options - A realistic possibility or pie in the sky?
It was announced in November 2015 that director options would not be exercisable unless and until the Company's share price equals or exceeds 37p for a period of at least 90 consecutive days and upon exercise is at or above the 37p threshold.
Is it a realistic possibility that the shares can reach 37p and stay above that price for a least a 3 month period?
Well this certainly won't happen overnight.
At 9.5p the current MCAP is only £5.54M ,at 37p ,with the same number of shares (58.32 million) , the MCAP would be £21.5M.
The Director options announcement came after it was unveiled that the Funding Affording Homes (FAH) was to forward fund Extra Care Housing schemes.
This FAH partnership is key to ASH reaching and maintaining an SP of over 37p.
It was announced in Sep 2015 that Ashley House's Extra Care housing schemes pipeline currently stood at a revenue value of £149m over nineteen schemes.
IMO ,the reason to be optimistic about ASH and why the option price of 37p may at some point be reached is what seems to be happening in the background.
With a pipeline of 19 schemes, there must be quite a few currently going through the planning phase which will only come to light one by one as they are given planning approval.
Already in 2016 , ASH have been given 3 Extra Care schemes planning approvals, two in Leicester and One in Havant.
FAH only last week announced that they had received a further investment of £15m from Big Society capital and that they are aiming to invest over £100m in 2016 and £500m during the first three years of operation.
Thus ASH's partnership with FAH should allow their Extra Care pipeline of schemes to be increased somewhat over the next few years.
Also, the FAH announcement 'during the first three years of operation' implies that it will be going longer than that, which can only mean that ASH's pipeline of Extra Care schemes seems secure for some time.
On top of the FAH Extra Care schemes , there are also other avenues of Extra Care projects, in particular with the North Yorkshire County Council , where it was named last year as a framework partner to enable it to win contracts to work on the multi-million pound initiative to bring Extra Care accommodation to major towns in North Yorkshire.
All in all, there seems to be plenty reasons to be optimistic about ASH's future prospects and that may be a realistic possibility that the Directors will be able to exercise their options at some time in the not too distant future and perhaps it's not pie in the sky.
ASH's funding partner Funding Affordable Homes ("FAH") (see RNS 30th Sept 2015)
for its Extra Care pipeline has received an investment of £15m from Big Society Capital.
FAH announce £15m investment
Tuesday 19th January 2016
(extracts from article)
Funding Affordable Homes (FAH), a social impact company, has announced it has received an investment of £15m from Big Society Capital.
FAH has also signed its first co-operation agreement in the general needs affordable housing sector, with Housing Solutions, a leading housing association in the South East, which owns, manages and maintains more than 7,500 homes.
The agreement will see FAH and Housing Solutions work together to identify housing development schemes for FAH to invest in, and which Housing Solutions will maintain and manage.
Since its launch in September 2015 FAH has committed £25m in three projects which will deliver 136 individual homes and 72 hostel places.
The company is aiming to invest over £100m in 2016 and £500m during the first three years of operation, becoming a significant participant in the sector and introducing new long-term sources of funding.
Projects into which FAH invests must be capable of delivering social benefit.
Recent agreements signed by FAH include:
Two separate forward financing transactions have been signed by FAH with Ashley House Plc, the Extra Care Housing, Health Property Partner and founder member of the Social Stock Exchange. This followed the earlier signing of a funding and partnering agreement in September 2015.
Both transactions will see FAH provide forward funding for affordable housing projects in Essex; the first being an extra care and learning disabilities project in Harwich, and the second an extra care project in Walton-on-the-Naze. Both projects will allow residents requiring varying levels of support to retain their independence.
link to full article
ASH has had 3 projects gain planning approval in the new year.
Only one of them so far posted on their website.
Enzygo has secured Planning Approval on behalf of its client, Ashley House plc, for Hampshire’s first purpose-built Health & Wellbeing Campus.
Located on a brown-field site at Oak Park, Havant, the design and construction of the new Campus has been financed by ‘Hampshire Living Space’, a consortium led by extra care housing and health property partner, Ashley House.
Enzygo has now also secured planning consent for two further Ashley House plc schemes in Leicester.
The Corero website supplies a list of testimonials and case studies from companies who are successfully using Corero's Smartwall THreat Defense System (TDS).
Very satisfied customers.
Well worth a read for anyone interested in CNS.
Technavio's analysts forecast the global DDoS prevention market to grow at a CAGR of 22.92% over the period 2014-2019.
Corero Network Security is listed among the key vendors.
Three of the latest contract wins have come from America.
Last year CNS announced the following appointment.
Scott Prouty has been appointed Senior Vice President of Sales, North America. Prior to joining Corero, Prouty served as Vice President of Service Provider Sales, North America for RedSeal Networks. In this position, he led the sales and go-to-market strategy for building the company's service provider customer base, which included some of the largest service providers in North America. Previously, at Arbor Networks, Prouty held the position of Vice President Sales, Americas and as founder of the sales organisation, he led the company to rapid growth.
Will CNS also have rapid growth?
Dealers believe Be Heard, 21 per cent up at 4.15p, is a penny stock worth watching. A November placing at 3.25p raised £5.5million and shareholders include entrepreneur Nigel Wray and Gresham House. Chairman is Peter Scott who built up Aegis into an advertising giant and plans to grow via the acquisition of a network of digital companies spanning marketing services, technology and e-commerce in Europe and the US.
Read more: http://www.thisismoney.co.uk/money/markets/article-3377937/MARKET-REPORT-Sainsbury-s-shares-drop-watchdog-launches-probe-125m-sale-pharmacy-chain-owner-Lloyds-Pharmacy.html#ixzz3vmYJAvLj
Since these calculations - a further contract was announced by VIP on Oct 21st.
Recap of recent figures announced in First half results:
Revenue for H1 (end of June) - €2.63 million
From info given in the statement.
Revenue for July 15 alone - ( €3.7 million - €2.63 million) = €1.07 million
Revenue for Aug 15 alone - ( €5.9 million - €3.7 million ) = €2.2 million +
Thus first 2 months of H2 , Revenue at least €3.27 million.
Revenue in first 2 months of H2 , at least 124% of H1.
'With the increasingly fast rate of growth experienced by the Company at the beginning of the H2, the Board looks to the end of the year with optimism'
Thus rate of increase in H2 expected to increase.
IMO the H2 revenue looks set to dwarf H1 revenue , and this before any further contracts are announced.
'Existing customers continue to engage the Company for further developments and enhancements to their service and we have created some exciting opportunities with new customers.'
'We have now developed a sales presence in France, Spain and the Nordics, and strengthened our UK presence. These are new territories where we are engaged in active negotiations for various services which include projects for products and services similar to those being supplied to the leading German Bank.'
Further franchises awarded to Advanced Power Components