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KIBO Kibo Energy Plc

0.012
0.00 (0.00%)
01 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kibo Energy Plc LSE:KIBO London Ordinary Share IE00B97C0C31 ORD EUR0.0001 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.012 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.012 GBX

Kibo Energy (KIBO) Latest News

Kibo Energy (KIBO) Discussions and Chat

Kibo Energy (KIBO) Most Recent Trades

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Kibo Energy (KIBO) Top Chat Posts

Top Posts
Posted at 16/9/2024 11:30 by tomboyb
RTO -

Kibo sells all legacy assets to become a cash shell for... nothing really -
Posted at 05/8/2024 16:29 by iamthebest
6,119,333,222 new shares to be issued@0.0084p and the total shares in issue will be 14,715,197,764.

GOOD NEWS for Louis Coetzee who will receive 2,755,811,000 shares equivalent to £243,244 in respect of total outstanding remuneration. This will take Louis Coetzee shareholding to 3,118,960,332 making him the second largest shareholder in Kibo with an approx 21.2% shareholding...
Peter Sion Williams will become the largest shareholder with 4,166,666,667 shares a 28.32% stake, Clive Roberts 1,805,738,828 shares 12.27% between the three of them will own approx 61.79% of Kibo.

Those worried about what will happen to Kibo with Louis having ceased to be ceo will be comforted by the fact he will become the second largest shareholder and be utilized as an advisor moving forwards, chuckle, chuckle
Posted at 05/7/2024 08:26 by yaki
From the other side - very well said

I think it was a typo, should read....

The Company would also like to thank Mr. Coetzee for his contribution to the destruction of Kibo over the last 14 years
Posted at 13/6/2024 08:36 by lurker5
Already technically bust - why is Kibo wasting money on RNS'ing news at Mast ? Mast is no longer a subsidiary, but merely an investment. We all knew Kibo is a nest of blind mice. But its obviously running on with noone at the wheel.
Posted at 07/6/2024 12:50 by dead duck resources
Further involvement of Louis Coetzee with the Kibo Board is to be finalized.

With Kibo refinancing, Mr Coetzee wants a piece of that via a consultancy agreement.
He knows Parsons is good for it. Out of shareholders pockets into BoD's/consultants.
Posted at 21/9/2023 08:14 by lurker5
I'm not an accountant, but can do the sums. An accountant would tell us the law relating to parent and subsidiary companies - esp irt Kibo and Mast where the 57% subsidiary (100% consolidated in Kibo's accounts) is a separate listed company. In my view that means Kibo can't dip into Mast's funds for its own use - yet the main reason it gave in its 2022 accounts for 'continuing as a going concern' in the face of a big liquidity deficit was its expected injection by Seira into Mast. But the injection not only isn't into Mast itself (but only into the seperate jv SPV's) but also certainly can't be into Kibo.
Similarly the cost repayments will be to Mast and not to Kibo "the Institutional Investor recognising and reimbursing to MED a portion of its actual historic project acquisition and development related costs"
So it looks as though Kibo itself is truly bust unless it sells something (Mast or its other projects) or raises a big chunk of cash.
How much longer it can pretend it is a 'going concern' I don't know. Its been a long time already.
(and no wonder Charlemonte (David Russell) - Irish company insolvency specialists - is in there. It probably views its Kibo shareholding as its non-returnable entrance fee for the bigger 'restructuring' pickings)
Posted at 19/4/2023 14:04 by lurker5
I see Kibo has just wheeled in an 'update' (flash note via 'Research Tree - that oher outfit which makes you pay to see it) from that totally discredited 'Research'outfit ACF (commissioned by friend Schaffalitsky ex chairman and sadly (not) missed, to pump his other scam, Eurasia Mining (EUA) with an amazingly incompetent, grotesquely exaggerated, and I would say fraudulently misleading 'puff' which has proved how incompetent they are) ostensibly to applaud the Kibo warrants repricing, but re-hashing their Oct '22 'review' puffing a 3.0p plus Kibo share price (before of course the latest mega-dilution) based on (conveniently) forgetting to deduct the Mast minority from its inclusion as a (also unearranted) 'profit', and to keep in Kibo's balance sheet around a $20m 'valuation' for MCPP which Kibo wrote off last year. One could go on with its inclusion of a 'value' for USE's planned content but without allowing for the funds its going to have to raise for whatever development costs (very large) there are going to be. (and that you can bet LC won't tell us about in the detail investors need) All very predictable and proving how no honest and competent researcher will touch LC and all his works
Posted at 06/4/2023 16:04 by dafad
TIDMKIBO

RNS Number : 6826V

Kibo Energy PLC

06 April 2023

Kibo Energy PLC (Incorporated in Ireland)

(Registration Number: 451931)

(External registration number: 2011/007371/10)

LEI Code: 635400WTCRIZB6TVGZ23

Share code on the JSE Limited: KBO

Share code on the AIM: KIBO

ISIN: IE00B97C0C31

('Kibo' or 'the Company')

Dated: 06 April 2023

Kibo Energy PLC ('Kibo' or the 'Company')

Kibo Project Update

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable-energy-focused development company, is pleased to provide an operational update in follow-up to a Company RNS dated 1 February 2023.

Portfolio

The Kibo Group strategy, as previously announced in a Company RNS dated 19 April 2021, is focused on developing, owning and operating sustainable energy solutions that can immediately and progressively address the acute energy challenges in sub-Saharan Africa, the United Kingdom and Ireland.

The table below indicates the status of Kibo's Project Portfolio at present. Timelines beyond Q1 2023 remain as advised on 1 February 2023 and the Company will advise should these change in light of the below. This does not include opportunities that are currently the subject of advanced due diligence and commercial consideration.




                                
Posted at 06/4/2023 15:54 by dpr1881
@Lurker5 You are right that I dont have full detail on the underlying projects but to the extent they are being acquired from Eqtec I take comfort from the fact they know what they are doing even if I sometimes doubt others. The brokers will do a great level of DD this time round, trust me!!.

Waste to energy is a hot sector and I have seen such plants in action (most recently in Bermuda where a single plant generates 15% of the Island's power). I am confident the USE IPO will happen despite.... when it does the Kibo share price will move up accordingly. Particularly if we are right about corporate governance matters and the FCA!
Posted at 10/12/2022 18:48 by yaki
"...The FCA may have blocked any other nomad from signing up with KIBO hence the suspension Monday."

If this were the case, I am sure FCA would have made them to disclose it.

I agree that the nomad would have indicated informally and the serve the formal notice, maybe 1 month notice.
Kibo said that the new potential nomad is conducting dd.

But I agree, it is poor form by Kibo, to let itself in this position.

I am disappointed, and bodes bad for any other sides of its business. I think BoD and management teams needs strengthening!

PWhite7310 Dec '22 - 18:21 - 7724 of 7724

yaki - Those are all legitimate reasons why a nomad might desire to resign however they still need the permission of the FCA.

There could be other reasons like a hedge fund or venture capitalist client of the nomad has taken out a short on KIBO. The nomad announcing its intention to resign causes the share price to plunge to the financial advantage of its shorting clients.

A spread bet client of the nomad has received a number of long bets in the belief an upbeat trading statement from KIBO is on the way. The nomad resignation causes the share price to plunge to the financial advantage of the spread bet client.

Nomads can't just resign out of the blue. Nomads have to give one month's notice. KIBO did not mention anything to its shareholders because I suspect it was certain it would have signed up another nomad within the time frame. The FCA may have blocked any other nomad from signing up with KIBO hence the suspension Monday.

Its now a question of wait and see but time is not on KIBO's side.
Kibo Energy share price data is direct from the London Stock Exchange