Member Info for knicol46

Marechale is pleased to announce the completion of the following transactions... Brewhouse and Kitchen – June 2016 £3m equity issue funding fully subscribed on top of £12m funding to date. Odexia Consumer Brand Fund – May 2016 Odexia completes first 2 investments. The Rum Kitchen - March 2016 Assisted Naga Partners in refinancing & grow capital round. Longhedge Renewables Ltd - March 2016 £5m funding secured to fund new plants in the UK. Results due (based on last year date) 28 July 2016 for up to 31 March 2016 period. 'Marechale's usual business cycle has traditionally resulted in the bulk of its revenues being generated in the second half of the financial year, and it appears at this stage that this will be the case in the current year. The Directors believe that backing the right growth companies, whilst not without its risks, represents an interesting private equity investment class for investors looking to diversify their portfolios; over the last five years investors in all Marechale's transactions would have achieved an IRR of over 20% per annum.'

Investment in Brazil Tungsten Holdings Limited ("BTHL"): The Company maintains its 10% equity interest in BTHL acquired in February 2015. BTHL has advised that despite a difficult tungsten price environment, it has continued to focus on the development of its flagship Bodó mine in the Currais Novos region of Rio Grande do Norte state, Brazil, and continues with its required capital programme for mine development and mill construction with the aim of significantly increasing tungsten production during 2016. It is expected that BTHL will now be on track to reach its Phase I target of 150 tonnes per day of ROM ore from underground by June 2016. This will place BTHL in a cash positive position even with the current difficult market for tungsten prices and allow it to benefit fully if tungsten prices recover. There have already been signs of improvement in the concentrate market with the price received by the BTHL rising by over U$20/Mtu (17%) since the beginning of the year.

any news?

bid support gaining

interesting movement

for up to 31 March 2016 period http://www.marechalecapital.com/our-deals/deals Another deal completed by the look of it

http://allafrica.com/stories/201606301172.html

Brewhouse and Kitchen (June 2016) http://www.marechalecapital.com/our-deals/deals Results to 31 March 2016 due around 28 July 2016 from last report.. 'In the Leisure and Retail sector, the Company has successfully completed a number of deals including raising additional EIS funding for Brewhouse & Kitchen, and acquiring a hotel in Majorca on behalf of one of its investor syndicates.' The Directors believe that backing the right growth companies, whilst not without its risks, represents an interesting private equity investment class for investors looking to diversify their portfolios; over the last five years investors in all Marechale's transactions would have achieved an IRR of over 20% per annum. We will announce our full year's results in the summer of 2016.'

Ashley House is delighted to announce that it has been named Impact Company of the Year at the Small Cap Awards. This was the third year in a row that the Company has been nominated in this category http://www.ashleyhouseplc.com/files/7314/6642/8720/AH_Small_Cap_Awards_2016.pdf

results due next month

interesting there were 3 buy trades before market opened, price poised to climb - awaiting volume

The Company maintains its 10% equity interest in BTHL acquired in February 2015. BTHL has advised that despite a difficult tungsten price environment, it has continued to focus on the development of its flagship Bodó mine in the Currais Novos region of Rio Grande do Norte state, Brazil, and continues with its required capital programme for mine development and mill construction with the aim of significantly increasing tungsten production during 2016. It is expected that BTHL will now be on track to reach its Phase I target of 150 tonnes per day of ROM ore from underground by June 2016.

around 50% below net asset position

http://en.francais-express.com/news/money/-16705-amedeo-looks-ahead-to-delivery-of-newly-built-rig/

Physical build of Le Tourneau Super 116E Class design self-elevating mobile offshore jack up drilling rig ("Explorer 1"), completed and commissioning underway. Explorer 1 expected to be delivered in 2H2016 MGR Resources PTE Ltd ("MGR") posts a profit of US$90,000 despite depressed iron ore prices and difficult market Cash at the year end at US$2,340,000 (2014: US$1,179,000), and post year end at US$4,152,000 Overall, at the period end, net and total assets were US$21,110,000 (2014: US$24,437,000) and US$21,257,000 (2014: US$24,781,000), respectively During the year under review, and in line with Amedeo's policy of aligning Directors' incentives with those of shareholders as well as keeping cash remuneration modest, Amedeo awarded Glen Lau, the Company's Chief Executive Officer, 2,607,211 warrants to subscribe for new ordinary shares of 10p in the Company. The warrants have share price performance and time vesting conditions. They have an exercise price of 100 pence compared with the share price of 35 pence at the time of the award. The net asset value per share at 31 December 2015 was US$0.65 – well undervalue currently

current full offer trading Shares in issue: 33m Current MCAP: £3m Net assets at last report: $23.7m Results for 31 Dec 2015 period: due (last released 2 June 2015)

YZJ secured a contract worth US$510m for six 400,000dwt valemax from ICBC Leasing to support a Chinese SOE shipowner. The vessels will be delivered in 2018- 19. The order is placed as part of the 30 valemax orders by several major Chinese shipowners to support a contract of affreightment (COA) with Brazilian mining group Vale to transport iron from Brazil to China over a period of up to 27 years. We believe YZJ’s VLOC is for China Cosco Shipping

'Outsourcery has received a number of initial offers for its assets, though the potential proceeds from the current proposals would potentially leave no or limited value to equity shareholders'

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