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Armadale Capital

Current Price 3.10p Bid 2.80p Ask 3.00p Change -9.38%
Last Updated: 12/12/2019 11:22. Prices delayed by at least 15 minutes.
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Company Overview

Armadale Capital plc (formerly Watermark Global plc, formerly MicroFuze International plc) is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement. The Company owns the Mahenge Liandu graphite project in south-east Tanzania, which is now its main focus. The Project is located in a highly prospective region with a high-grade JORC compliant inferred mineral resource estimate of 40.9Mt @ 9.41% TGC. At least 32Mt of this resource has an average grade of 10.47% TGC, one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu's potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body. Other assets Armadale has an interest in include the Mpokoto Gold project in the Democratic Republic of Congo and a portfolio of quoted investments.

Financial Highlights Year Ended 31/12/2018

Turnover
£0.00m
Operating Profit
£-0.39m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-13.91

Key Personnel

Emmanuel Steve Mahede
Non-Executive Director
Nicholas Johansen
Non-Executive Director

Stock Details

EPIC
ACP
ISIN
GB00BYMSY631
Shares in Issue
403,109,482
Market cap
£12.90m
Sector

Analyst Views (1)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
100.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
2.90p
Bid Price
2.80p
Ask Price
3.00p
Volume
2714230
Change Today
-0.30p
% Change Today
-9.38%
Open
3.24p
Previous Close
3.20p
Intraday High
3.24p
Intraday Low
2.80p
52 Week High
3.85p
52 Week Low
0.88p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Armadale Capital Intra-day Chart

Armadale Capital News

News in this section is provided by AJ Bell

Armadale Capital says mine design being finalised for Tanzania graphite project 11 Nov 2019 | 13:35 Armadale Capital in 'robust position' to become produce after fundraising 01 Nov 2019 | 13:09 Armadale Capital sources £0.7m of financing for Tanzania graphite development 30 Oct 2019 | 14:38 Armadale Capital inks non-binding offtake pact with China's Datong Resources 25 Oct 2019 | 13:06 Armadale Capital upgrades resource estimate at Tanzania graphite project 15 Oct 2019 | 13:44 Armadale Capital swings to modest profit after foreign exchange gain 16 Sep 2019 | 13:16 Armadale Capital welcomes positive test results at Tanzania graphite project 11 Sep 2019 | 14:56 Armadale Capital to analyse graphite concentrate quality at Tanzania project 04 Sep 2019 | 13:38 Armadale Capital eyes production ramp amid further signs of graphite at Mahenge Liandu mine 28 Aug 2019 | 09:58 Armadale Capital hails 'highly encouraging' results from test-work programme on samples from Mahenge Liandu graphite project 22 Aug 2019 | 09:51 Armadale Capital advancing Mahenge Liandu graphite project in Tanzania 16 Jul 2019 | 13:51 Armadale Capital accelerating plans to develop Tanzania graphite project 29 May 2019 | 13:16 Armadale reports narrower losses on lower costs 28 May 2019 | 07:23 Armadale Capital to submit Tanzania graphite mine permit request by end April 26 Apr 2019 | 14:39 Armadale Capital issues update on the Mahenge Liandu graphite project 16 Apr 2019 | 10:34 Armadale Capital raises capital to fund Tanzania mine feasibility study 27 Feb 2019 | 13:56 Armadale to sell Mpokoto gold project to Arrow Mining and African Royalty 11 Jan 2019 | 09:36

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
0.0
0.0
Intangible Assets & Goodwill
3.2
2.4
Investments & Other Non-Current Assets
0.0
0.0
Total Non-Current Assets
3.2
2.4
Inventory
0.0
0.0
Trade & Receivables
0.1
0.1
Cash & Receivables
0.0
0.1
Other Current Assets & Assets Held for Resale
0.1
0.3
Total Assets
3.4
2.8

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
1.1
0.6
Long Term Liabilities
0.0
0.2
Other Liabilities / Pension etc
0.0
0.1
Total Liabilities
1.1
0.9

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
2.3
1.9

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
3.0
3.0
Minority Interests
0.0
0.0
Retained Earnings
-22.1
-21.5
Share Premium Account
20.6
19.7
Other Equity
0.8
0.7
Total Equity
2.3
1.9

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
-0.3
-0.3
Cashflow Before Financing
-0.5
-0.8
Increase / Decrease in Cash
0.0
-0.1

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
0.0
0.0
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
-0.4
-0.4
Pre-Tax Profit
-0.4
-0.4
Profit / Loss for the Year
-0.7
-6.2
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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