Legendary Investments Plc - Natural Resources Focused Investor
Legendary Investments Plc is a natural resources and technology focused investment company listed on the london AIM market. Company Epic is ( LEG ) . Current market cap under £2m .
The company have recently undergone a boardroom and management re-organisation and a re-focus of the business.The new directors have quickly moved legendary into the high profile world of natural resources taking a significant stake in a mexican bio-fuels business and two pre IPO investments in an Oil&Gas company and a Gold / Precious Metals miner. There is also a significant stake in a technology / games developer to add further excitement to the mix. Legendary also raised £600.000 from a recent placing and are in a position to add further investments or bolster existing portfolio investments, and could well be one to watch in 2012.
INVESTMENT PORTFOLIO *
The current portfolio reflects the Directors’ relative expertise and business model. A 15.4% stake (plus option to increase up to 40%) is held in Bosques Energeticos, a Mexican biofuels company whose intended principal cash crop is Pongamia Pinnata, widely considered a premier feedstock in the production of biodiesel.
The company have also made investments in two natural resources companies on a ‘pre-IPO’ basis, these companies are Terra Energy and MedGold Resources, these two companies are expected to list on the Aim market during 2012. Terra Energy is a company seeking to develop unconventional oil&gas opportunities and Medgold Resources is a company intending to mine Gold and Precious Metals.
Legendary also owns 40.5% of Undrawn Reality, a recently-formed computer games developer, whose first game, “The Spire”, has achieved the first claw-back milestone for its management, being a ‘publisher demo’, opening the door for discussions with international sponsors and producers.
DIRECTORS AND MANAGEMENT *
Zafarullah (Zafar) Karim, 42, brings over two decades of investment banking and financial experience, including turning around companies, restructurings, financial strategy and investment and risk management to the Company. Zafar has served as a Board member for several companies and has acted as a consultant to various businesses and entrepreneurs in relation to their financial and investment strategies. Zafar is also a principal investor. From 1994 to 2002, Zafar worked for NM Rothschild in London, Warsaw, Prague and Johannesburg. Here he garnered wide-ranging experience in a range of sectors, geographies and products. He started his career in 1990 with the investment banking division of Salomon Brothers. Zafar is the driving force behind the turnaround and rebuilding of Legendary Investments. Zafar was educated at Churchill College, Cambridge.
Rajesh (Raj) Kumar Rai, 44, is an entrepreneurial renewable energy specialist. Raj founded and has been a director of a number of businesses including a company specialising in the transfer worldwide of know-how developed by large scale plantation companies in India. He was also a founder director of Human Energy (Uganda) Ltd which has developed nursery plantation operations in Uganda. Raj has a deep understanding of bio fuels and overcoming the inherent issues in developing large scale plantations. In 2009, he founded Earth Bio Energy Ltd which promotes ethical bio fuel production and provides assistance in developing bio energy producing plantations. Raj started his professional life as a Barrister called in 1993 to Lincoln's Inn.
Thomas (Tom) Reuner, 46 is an experienced strategy consultant. His deep understanding of the dynamics of the IT and telecommunications sectors comes from senior positions with IDC in Germany and with Gartner, NelsonHall and KPMG Consulting in the United Kingdom. Tom's expertise lies in investment research, evaluating and formulating business and IT strategy and analysing technology adoption.Thomas has a PhD from the University of Göttingen in Germany.
Significant Shareholdings
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As at 26th August 2011
Name % Ordinary Shares
Ronald Bruce Rowan 23.4
Trustees in the Bankruptcy of Eaitisham Ahmed 23.4
Barclayshare Nominees Limited 5.1
TD Waterhouse (Europe) Nominees Limited 3.8
Credit Agricole Cheuvreux International Limited 3.3
Company Website : http://www.legendaryinvestments.co.uk/
* information via Legendary Investments & Simple Investments
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Legendary Investments Plc is an United Kingdom-based investment company. The Company’s investments were made in the United Kingdom listed companies. The Company makes investments in sectors, including but not limited to e-commerce and technology, specifically in businesses with the potential for high capital appreciation over a relatively short period of time. In certain cases, investments may be made in the anticipation of receiving dividends, and such investments may be held for longer periods. Investments are structured using both equity and debt, including leverage through the use of derivatives. The investments will be held for between one and three years, but may be held for shorter periods where appropriate. more »
Leed Resources PLC, formely Leed Petroleum PLC, is a United Kingdom-based oil and natural gas exploration, development and production company. The Company, along with its subsidiaries, is engaged in the business of exploring, developing, producing and operating oil and natural gas properties from onshore and offshore locations within the Gulf Coast region of the United States. As of June 30, 2009, the Company had interests in 17 United States Federal Outer Continental Shelf blocks and one onshore field, in Lafayette, Louisiana. As of 30 June 2010, it had working interests in seventeen offshore blocks, including eight producing and nine non-producing, and one onshore field. The Company also holds a small interest in a gas processing plant and a fractionation plant located onshore in Louisiana. During the fiscal year ended June 30, 2010 (fiscal 2010), the Company acquired one new offshore block from the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE). more »
Paternoster Resources plc, formerly Viridas plc, is an investing company focused on opportunities in the natural resources sector. As of June 28, 2012, the Company’s principal investments included certain interest in Brady Exploration plc, a company focused on the natural resources sector; an interest in Leed Resources plc, a company focused on the natural resources sector, and an interest in Pan Pacific Aggregates plc, a company operating an aggregates business in the Fraser Valley close to Vancouver in Canada. more »
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Some further research reading on Legendary Investments current portfolio.
Pre IPO first phase investments in Terra Energy & Medgold Resources *
http://www.raglancapital.ie/go/natural_resources/projects/terra_energy_limited
http://www.terra-energy.co.uk/index.php
http://www.medgoldresources.com/
40.5 % Stake in Undrawn Reality Ltd ( Computer Games Developer ) *
http://rawgames.co.uk/games/thespire/
http://www.undrawnreality.co.uk/
15.4 % Stake plus option to increase to 40% in Bosques Energeticos ( Biofuels ) *
http://www.slideshare.net/Bosquesenergeticos/bosque-energticos-270510
http://biodiesel.nedfi.com/media/download_gallery/pongamia.pdf
Since my last update there has been a development on Terra Energy who have announced a name change before the intended Aim Listing.The new name is Fastnet Oil & Gas. Early Indications are that Fastnet could be one of the more exciting juniors to list on Aim in recent years.
http://www.raglancapital.ie/go/natural_resources/projects/fastnet_oil_gas
Fastnet Oil & Gas is an exploration focused oil and gas company with a prospective interest in approximately 2.1 million acres.
It has an excellent management team with a proven capability in driving value from oil and gas exploration. There are detailed work programmes in place for 4 licences, creating an oil & gas portfolio offering exposure to exploration opportunities in Europe and North Africa.
Fastnet Oil and Gas expects to IPO in 2012.
Loads of hype with no substance.
Not for me.