News & Comment
David Lenigas, Lonrho Africa’s entrepreneurial boss, plans to raise £3.8 million on AIM for a new company, Leni Gas & Oil.
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Resources-to-hotels investor Lonrho Africa is changing its name back to Lonrho, the colourful conglomerate from which it emerged.
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David ‘Tiny’ Lenigas, entrepreneurial boss of Lonrho Africa, says the emerging conglomerate plans an AIM float in the New Year for Norse Air.
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Minerals and trading group Lonrho Africa has raised £12.8 million to replenish funds and develop a freeport in Equatorial Guinea.
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Lonrho Africa-backed AIM candidate Nare Diamonds says it has recovered a 235 carat stone from South Africa's Schmidtsdrift mine.
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David Lenigas, boss of Lonrho Africa, has negotiated a £1.5 million investment in southern Africa-focused Nare Diamonds.
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A West African infrastructure project could be the next move by Lonrho Africa, which made £2.2 million last year.
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As foreshadowed here, Lonrho (Africa) is putting £5 million into South African uranium explorer and AIM candidate Brinkley Mining.
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David Lenigas, Australian chief executive of Lonrho Africa, is on the verge of clinching a ‘really big’ uranium deal in South Africa as the first step in his drive to build the African trading house into a group with a £1 billion balance sheet.
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Aim newcomer Oxus Mining awaits an imminent bankers' report on which hang its chances of raising £16 million to fund part of its Amantaytau gold and silver deposit in Uzbekistan following a scaled-back £8 million equity launch at 30p. Robert Tyerman reports.
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Fitness club operator LA Fitness has increased interim pre-tax profits by
63 per cent to £2.2 million after boosting membership levels in the six
months to 31 January 2001, writes Nancy Smith.
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Recommendations
Once renowned as the vehicle for controversial tycoon Tiny Rowland’s corporate manoeuvres, AIM-quoted Lonrho Africa is in the throes of another strategic realignment.
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NO RECOMMENDATION 24/04/2001
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