Marechale Capital (MAC)

Sector:

Financials

Index:

FTSE AIM All-Share

 0.90p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.00
  • 52 Week Low: 0.68
  • Currency: UK Pounds
  • Shares Issued: 57.68m
  • Volume: 0
  • Market Cap: £0.52m

Marechale solar scheme wins planning approval

By Michele Maatouk

Date: Wednesday 26 Aug 2015

LONDON (ShareCast) - (ShareCast News) - Marechale Capital said Kettering Borough Council has granted planning permission for Northfield UK Solar's 49.9 megawatt solar scheme at Desborough, in which it has a 26% equity stake.
The company, which invests in the retail and renewable space, said that if the project is successful at the next Department of Energy and Climate Change Contract for Difference auction, originally scheduled for October but now delayed until further notice, there may be "significant additional value" for Marechale and the other Northfield shareholders.

In addition, Marechale said it continues to wait for the outcome of the planning appeal on Northfield's other solar scheme proposed at Stanford, which is expected this autumn.

It added that in light of last week's significant share price rise, the approximate value of the net assets on its balance sheet is currently around £850,000.

"While the directors believe there is potentially significant additional value in Marechale Capital's investments, including Northfield, which may be realised above their book value there are significant risks involved in achieving this," it said.

At 1507 BST, shares were down 61% at 3.33p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MAC Market Data

Currency UK Pounds
Share Price 0.90p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.00
52 Week Low 0.68
Volume 0
Shares Issued 57.68m
Market Cap £0.52m

MAC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.98% below the market average17.98% below the market average17.98% below the market average17.98% below the market average17.98% below the market average
29.77% below the sector average29.77% below the sector average29.77% below the sector average29.77% below the sector average29.77% below the sector average
Price Trend
39.71% above the market average39.71% above the market average39.71% above the market average39.71% above the market average39.71% above the market average
40.85% above the sector average40.85% above the sector average40.85% above the sector average40.85% above the sector average40.85% above the sector average
Income Not Available
Growth
59.3% below the market average59.3% below the market average59.3% below the market average59.3% below the market average59.3% below the market average
62.71% below the sector average62.71% below the sector average62.71% below the sector average62.71% below the sector average62.71% below the sector average

MAC Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

MAC Key Personnel

CEO Patrick Booth-Clibborn

Top of Page