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Andalas Energy and Power #ADL new CEO Simon Gorringe faces Brokermandaniel on FinancialFox
On the Financial Fox, an exclusive interview with Simon Gorringe, new CEO of Andalas Energy. Under the lights, Simon faces one of Andalas’s main critics, Daniel Levi, the infamous multi-award-winning blogger and high-net-worth British investor. He addresses Dan’s hard questions, discusses the failure of the old strategy and explains his mission and commitment to drive the company forward and deliver value to its shareholders
In the interview Simon answered a question regarding the financial expenditures of the Group. The information provided was based on the financial accounts of the Group for the period 1 May 2015 through to 31 October 2017 (extracted from the financial information reported in the audited financial statements for the years ended 30 April 2015 and 30 April 2016 and the unaudited 6 month period ended 31 October 2017). The analysis was as follows:
| Category | Analysis (unaudited) |
| Travel | 12.2% |
| Brokers and costs of share issues | 17.5% |
| Rest G&A | 9.1% |
| Due diligence (data purchase/studies/consultants) | 38.1% |
| Directors | 18.7% |
| Readmission | 4.3% |
| Total | 100.0% |
For further information, please contact:
| Simon Gorringe | Andalas Energy and Power Plc | Tel: +62 21 2965 5800 |
| Roland Cornish/ James Biddle | Beaumont Cornish Limited (Nominated Adviser) |
Tel: +44 20 7628 3396 |
| Colin Rowbury | Novum Securities Limited (Joint Broker) |
Tel: +44 207 399 9427 |
| Christian Dennis | Optiva Securities Limited (Joint Broker) |
Tel: +44 20 3411 1881 |
| Stefania Barbaglio | Cassiopeia Services Ltd | Stefania@cassiopeia-ltd.com |