Kibo Energy Investors - KIBO

Kibo Energy Investors - KIBO

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Stock Name Stock Symbol Market Stock Type
Kibo Energy Plc KIBO London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.215 08:00:22
Open Price Low Price High Price Close Price Previous Close
0.215 0.21 0.215 0.215
more quote information »
Industry Sector
MINING

Top Investor Posts

DateSubject
23/11/2021
21:20
frankandbeans: This from the MAST board. "Based on the MAST optimised financial model, an EBIDTA of c. £488,221 per annum was projected in the Company's RNS of 12 August 2021. This projection has now received validation in the following" and "Revised optimised Internal Rate of Return ("IRR") now expected at 21%." But not the slightest, teenyweeniest hint, of the vital information investors need re the capital cost of the plant (which will hve been over and above whatever Mast paid for the Pyebridge SPV 'owning' it) - and also details of the structure of the Pyebridge SPV itself. What is usually 70% of the capex that will be raised as a project loan ( which enables the irr to be 'optimised' asa result of the gearing) has to be repaid from that EBITDA. To arrive at the 21% irr quoted (and assuming it is calculated over 10 years, and that the £488,000 pa is taken as earnings) the initial capex met by the project equity (ie having to be met by equity shares in the SPV which will have to come either from Mast or someone else) needs to be £1.9m. Assuming the total cost of the plant has been £6m (based on info from other such plants but possibly too low) that £1.9m is 31% of the capex which seems right. The remaining £4.1m will be a project loan, which over the 9 yrs at 8% which is similar to others, will cost £615,000 pa to repay. So no free cash to pay out to Mast to help buy other SPV's, or to Mast shareholders, or to Kibo, while meanwhile the SPV will have little value (to be resold) until that loan has been repaid in nine years time. Without any more detail (not provided of course, either in RNS's or in the prospectus) and with its broker having been asked to clarify but omitting to reply, an investor can only conclude that the whole Mast caboodle is a waste of investors time and money. One question relevant to Pyebridge itself is - bearing in mind it is complete and building must have started before Mast arrived - who put up the original equity in te SPV to start building ? ie there must be another shareholder in Pyebridge we haven't been told about. While Mast paid £2.5 m for the SPV, this isn't necessarily for the whole plant so has it acquired 100% of the SPV ? We haven't been told. To understand what is in it for Mast shareholders they need to know exactly what Pyebridge 'contains' - ie how much other equity ? How much project loans already raised ? And the total capital cost of the plant. Over how many years has the irr been calculated ? Without any of that information, the EBITDA Mast (and Kibo) is trumpeting is completely irrelevant and useless. But that is the norm for any 'project' Kibo has been involved with. And it is so convenient that its 'Standard' listing means there is no Nomad who can demand that Mast answer such questions.
19/11/2021
15:39
yaki: "... I'm an independent analyst who looks at possibilities and analyses them as information for investors. I did that successfully for many institutions covering over 70 miners up ...." Do you mind sharing your real name? I presume it is not the one you used when you emailed me threatening legal actions?!? I think we all the answer but would be good to see if you are honest enough to do so! lurker5 19 Nov '21 - 14:42 - 6515 of 6515 Dear oh Dear ! I see Yasx continues to miss the point re this thread and NCCL. He's obviously incapable of understanding the calculations I put forward in starting this Kibo thread to show it never would be viable at the share price it then had, and because I recognised - and explained - the idiocy of those and their 'arguments' who were ramping it on LC's behalf. The little chap can't understand them. AS for NCCL I'm not a share 'tipster' and never have been. I'm an independent analyst who looks at possibilities and analyses them as information for investors. I did that successfully for many institutions covering over 70 miners up to 2008 when the market for independent, objective, analysis collapsed (due then FCA's predecessor's misconceived regulations preventing funds paying for research.) Those institutions wanted thoroughly researched information, and not 'tips'. My NCCL calculations still stand in case it goes ahead. I have no idea whether it will, just as Yasx hasn't, but claims he is clever than those who are more honest. The little chap has no other way to keep his own ego afloat than by denigrating anyone or any company he can find, without the intelligence to spot the basis or premise on which any research or opinions they might have produced. In all the posts he's made on other companies, he's never shown the slightest knowledge of how companies actually work (a bit like that other blusterer beginning with 'Y'. Hmm) So any intelligent or experienced reader of his posts will conclude that he has no professional qualifications or experience, but only a lot of time on his little hands.
19/11/2021
14:42
lurker5: Dear oh Dear ! I see Yasx continues to miss the point re this thread and NCCL. He's obviously incapable of understanding the calculations I put forward in starting this Kibo thread to show it never would be viable at the share price it then had, and because I recognised - and explained - the idiocy of those and their 'arguments' who were ramping it on LC's behalf. The little chap can't understand them. AS for NCCL I'm not a share 'tipster' and never have been. I'm an independent analyst who looks at possibilities and analyses them as information for investors. I did that successfully for many institutions covering over 70 miners up to 2008 when the market for independent, objective, analysis collapsed (due then FCA's predecessor's misconceived regulations preventing funds paying for research.) Those institutions wanted thoroughly researched information, and not 'tips'. My NCCL calculations still stand in case it goes ahead. I have no idea whether it will, just as Yasx hasn't, but claims he is clever than those who are more honest. The little chap has no other way to keep his own ego afloat than by denigrating anyone or any company he can find, without the intelligence to spot the basis or premise on which any research or opinions they might have produced. In all the posts he's made on other companies, he's never shown the slightest knowledge of how companies actually work (a bit like that other blusterer beginning with 'Y'. Hmm) So any intelligent or experienced reader of his posts will conclude that he has no professional qualifications or experience, but only a lot of time on his little hands.
15/11/2021
10:01
lurker5: "Based on the MAST optimised financial model, an EBIDTA of c. £488,221 per annum was projected in the Company's RNS of 12 August 2021. This projection has now received validation in the following" and "Revised optimised Internal Rate of Return ("IRR") now expected at 21%." But not the slightest, teenyweeniest hint, of the vital information investors need re the capital cost of the plant (which will hve been over and above whatever Mast paid for the Pyebridge SPV 'owning' it) - and also details of the structure of the Pyebridge SPV itself. What is usually 70% of the capex that will be raised as a project loan ( which enables the irr to be 'optimised' asa result of the gearing) has to be repaid from that EBITDA. To arrive at the 21% irr quoted (and assuming it is calculated over 10 years, and that the £488,000 pa is taken as earnings) the initial capex met by the project equity (ie having to be met by equity shares in the SPV which will have to come either from Mast or someone else) needs to be £1.9m. Assuming the total cost of the plant has been £6m (based on info from other such plants but possibly too low) that £1.9m is 31% of the capex which seems right. The remaining £4.1m will be a project loan, which over the 9 yrs at 8% which is similar to others, will cost £615,000 pa to repay. So no free cash to pay out to Mast to help buy other SPV's, or to Mast shareholders, or to Kibo, while meanwhile the SPV will have little value (to be resold) until that loan has been repaid in nine years time. Without any more detail (not provided of course, either in RNS's or in the prospectus) and with its broker having been asked to clarify but omitting to reply, an investor can only conclude that the whole Mast caboodle is a waste of investors time and money. One question relevant to Pyebridge itself is - bearing in mind it is complete and building must have started before Mast arrived - who put up the original equity in te SPV to start building ? ie there must be another shareholder in Pyebridge we haven't been told about. While Mast paid £2.5 m for the SPV, this isn't necessarily for the whole plant so has it acquired 100% of the SPV ? We haven't been told. To understand what is in it for Mast shareholders they need to know exactly what Pyebridge 'contains' - ie how much other equity ? How much project loans already raised ? And the total capital cost of the plant. Over how many years has the irr been calculated ? Without any of that information, the EBITDA Mast (and Kibo) is trumpeting is completely irrelevant and useless. But that is the norm for any 'project' Kibo has been involved with. And it is so convenient that its 'Standard' listing means there is no Nomad who can demand that Mast answer such questions.
04/11/2021
07:06
cj41: I contact investor relations regularly. They are very friendly, will have no answers to any of your questions but will pass them on to LC. Judging by the lack of clarity as to what's going on and the fact that LC hasn't had direct contact with investors for almost 3 years tells you how productive that is likely to be. But like me you can but try. Good luck. The special ones in the Twitter group have probably got a different experience though.
29/9/2021
05:49
frankandbeans: Well again your post just makes no sense, I think perhaps you are the one that needs some help. You do realise that just because person A holds X amount of percentage of shares in company, just because they increase this % doesn’t mean they will make good on their investment. Many investors on AIM especially lose it all when company’s go into suspension and never return for example. Or when a consolidation wipes them out. Investors are all in the same boat in that regard no matter what % is held.
08/9/2021
15:59
short6: Well I'm totally flummoxed Yaki. If KIBO's 55% share of MAST is worth £13M then I can't understand why city investors aren't clamoring to buy KIBO shares with a view to trebling their investment. Or maybe competent investors can see through this charade and realise MAST are not the Bank Of England and can't print themselves an extra £19M to add to their balance sheet.
23/8/2021
08:47
guitars4stars: Lurker,You don't appear to understand RNS.s describing buyers / investors in Kibo Energy.Maybe time to dust off your now, presumably very old - how to - books regarding baby investing steps, before trying to dissuade investors here whilst encouraging investors to NCCL?Enjoy your week all the same :)
17/8/2021
10:31
cj41: My motive. Very unhappy long term investor here, and therefore not a very good investor. I think the way KIBO has been run has been disastrous and LC's comms with Investors and the general behaviour of the BoD leaves a lot to be desired. That last phrase was probably the biggest understatement I have ever made but my honest view would probably leave me open to libel claims so best let you work it out.
24/6/2021
16:42
grimreaper2019: You have to laugh at the power puff pieces provided by various media outlets, Coetzee is a expert at spin and has ability to suck in new investors at will with his story telling. His appearances in front of real shareholders / critical investors had long gone well before the virus restraints. It's pretty obvious why. Has anyone from these media outlets got the balls to ask him why any investor who backed him from his appointment at Kibo Mining circa 10 years ago have now lost 98% of their cash, or why the many multiples of projects have never ever delivered a bean of revenue, no thought not ! Big deal that KIBO can move from these hopeless levels by 20%/30% in a day occasionally, the real issue is no rise will ever be sustainable. Lurker has called this 100% from the start, even former mega bulls, many of whom have been wiped out, can see though the puff and wind these days. Avoid this like the plague.
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