Kibo Energy Share Discussion Threads

[yaki] 16/2/2021 09:42

Something is going on here,

No selling and determined buying

[yaki] 16/2/2021 09:24

Just a thought

Could it been that a few brokers expected placing and been selling KIBO shares. For some reason, that is off the table and now they need to buy back, at any price. Classic short squeeze

Explains lack of selling and the buying pressure

[pennstreet] 16/2/2021 09:20

0.5p here we come!

[edgein] 16/2/2021 09:06

Good stuff guys, also I wouldn't rule out more updates from Blyvoor and Haneti before we get the MED IPO too. KAT looks way oversold too given the measured and indicated at Blyvoor, so hopefully we'll get both of these re-rating in March. The highly speculative Haneti might also have first assays back before then too. Exciting times, maybe one of these multiple assets that KIBO has on the go will get priced in soon.

Regards,
Ed.

[georgeo1] 15/2/2021 20:42

InformationCompany Mast Energy Developments (MAST.L)Market Capitalisation post-IPO £23,500,000Funds Required Up to £5,540,000Placing Price 12.5pFounder Shareholding 75%Public Shareholding 25%

[georgeo1] 15/2/2021 20:40

Mast Energy Developments, the vehicle for flexible energy generation projects is IPOing on LSE in March 2021, subject to final FCA approval.MED, a subsidiary of Kibo Energy Plc, is issuing up to 44,320,000 shares to raise up to £5.5M to acquire and develop a portfolio of flexible power plants in the UK and become a multi-asset operator in the rapidly growing Reserve Power market.

[georgeo1] 15/2/2021 20:39

https://uk.advfn.com/newspaper/advfnnews/58670/ipo-opportunity-in-the-clean-energy-sector

[georgeo1] 15/2/2021 20:38

https://twitter.com/MastPlc/status/1361373752110551040?s=20

[georgeo1] 15/2/2021 17:58

55 percent equals to £12.65 million to kibo.

[georgeo1] 15/2/2021 17:53

https://ukinvestormagazine.lpages.co/mast-energy-developments-virtual-ipo-presentation/

[georgeo1] 15/2/2021 17:04

Proceeds from warrants dated 17th September 2020.-Complete a successful IPO of its emergency power portfolio in the UK, with two emergency power sites in production by the end of 2020.Dye to covid 19 it has progressed to 2021, its beginning to move in the right direction. Listing soon enough waited for long enough.

[georgeo1] 15/2/2021 16:50

Almost there now , not long to go.

[georgeo1] 15/2/2021 16:49

Al.ist there for the listing not long now.

[georgeo1] 15/2/2021 16:44

PromotionClear Capital Markets is offering a unique opportunity to invest in Clean Energy in the UK.Register for more information!Investments in IPO's are high risk and not suitable for all investorshttps://t.co/l2jiUdusGr#StockMarket #ukstock #ukstockbroker #IPO https://t.co/aLmW256ejh

[georgeo1] 15/2/2021 16:42

Register now to hear from the #MAST board prior to our Initial Public Offering first trading day.In association with @capital_clear the BOD will present our investment case and take questions from the audience. Click on the link below to Register:https://t.co/pIIjc0g6fl https://t.co/NSNeU1hDCV

[astralvision] 15/2/2021 15:40

Yes, going very nicely today, perhaps investors are starting to wake up to what's on offer here.

[yaki] 15/2/2021 15:28

Bid up from 0.33p to 0.38p - 15%

[astralvision] 15/2/2021 15:27

Hi againSiBMany thanks for the infoYakiNo, I always rely on my own research but if fellow BB'ers are happy to point me in the right direction, then that's great and helps.In that respect many thanks for those links yaki, appreciated and I'm now off to start looking at them.Sp looking perky today btw, glad I bought a reasonable number last week. Yes, I know you should research first then buy, but on the basis of my initial view thought it was worth the risk.

[yaki] 15/2/2021 13:35

astralvision

Firstly, DYOR, don't rely on anything said here but use it as part of your reseacrh


KIBO will have 55% of MAST

On your other points, just read why so many new peaking plants are being put up in the last year or so. Poor guys, should have spoken to lurker5 first.


A few of the links below

hxxps://www.ylemenergy.com/downloads/latest-news/71-ylem-energy-brings-27-mw-of-flexible-generation-online

hxxps://www.ylemenergy.com/downloads/latest-news/70-new-6-6-mw-flexible-generation-plant-online


hxxps://www.energylivenews.com/2019/07/02/new-300mw-gas-peaking-plant-fired-up-in-lincolnshire/

Good luck

astralvision 15 Feb '21 - 13:25 - 5288 of 5289
0 0 0
Hi yaki
Recent buyer of kibo.
Look forwards to the presentation on Thursday.
I know you said you hadn’t got the time, but is there a shortish sort of answer to lurker5’s long post.
I think the just of it is it’s hard to make money out the flex reserve power market.
Against that, the folks that have stumped up £5m for MED must feel v positive on the prospects.
One last question, do you know if it’s 55% or 75% that kibo intend to retain of MED.
Any help gratefully received, or from any of the other posters on this thread.
The valuation here certainly looks an anomaly
ATB
av
astralvision15 Feb '21 - 13:25 - 5289 of 5289
0 0 0
‘Jist’ not just, apologies, damn auto correct!

[sirianbotham] 15/2/2021 13:29

55% kibo. 20% st anderton.

[astralvision] 15/2/2021 13:25

'Jist' not just, apologies, damn auto correct!

[astralvision] 15/2/2021 13:25

Hi yakiRecent buyer of kibo.Look forwards to the presentation on Thursday.I know you said you hadn't got the time, but is there a shortish sort of answer to lurker5's long post.I think the just of it is it's hard to make money out the flex reserve power market.Against that, the folks that have stumped up £5m for MED must feel v positive on the prospects.One last question, do you know if it's 55% or 75% that kibo intend to retain of MED.Any help gratefully received, or from any of the other posters on this thread.The valuation here certainly looks an anomaly ATBav

[yaki] 15/2/2021 13:09

Can't buy any at 0.37p, even 10k shares.
Despite 4m and 1m sells at 0.35p

Aargh

[yaki] 15/2/2021 11:47

Usual drivel from our resident "lurker5"/"too sensitive to be called John" know-it-all

A busy day so can't be bothered to reply

But would you believe what is said by a multi alias, bulling others to protect anonymity poster?

I will leave to you!

lurker515 Feb '21 - 10:43 - 5283 of 5285
0 0 0
Questions anyone intelligent and honest would ask of the Clear Capital Med 'prospectus' (but not of course Mr Yaki) are many - Here is a key one.

(Apologies that ADVFN makes it impossible to format the tables below by the columns needed to read them easily. You'll just have to make allowances)
.
The reserve power sector has encountered serious problems last few years prompting this Financial Times item. "Tim Emrich, chief executive of UK Power Reserve, one of the biggest developers of small gas generators, said 500MW of capacity planned by his company was "at risk". Research by KPMG has said"

Yaki knows, but hides from the gullible (Ah - forgot - he's a major Kibo shareholder !) that Plutus Powergen has sold out - one of few listed cos so has had to publish more than the 350 plus other reserve poer sites (Med is going to be a 'major' player ! ha ha) because -

What PPG 'projected' in 2017 for a 20MW reciprocating gas site
£'000's
Year 1 2 3
Turnover 2,454 4,489 4,754
EBIDA 1,192 2,311 2,508
Cash Flow 1,192 2,312 2,306
NB: Stated to be BEFORE financing costs

What PPG actually achieved from its first five sites (before £150k mgmt fee by each and before financing costs)(2019 R&A said six sites of 20MW each)

Attune Energy Ltd 20MW
Turnover 1,244 1,512 1,173
EBITDA 797 1,053 677
Cash Flow 797 1,053 677
Balance Power Ltd
Turnover 1,127 1,120
EBITDA 767 494
Cash Flow 767 494
Flexible Generation Ltd
Turnover 994 953
EBITDA 581 319
Cash Flow
Equivalence Energy Ltd
Turnover 1,104 1,119
EBITDA 742 509
Cash Flow
Precise Energy Ltd
Turnover 1,045 953
EBITDA 682 192
Cash Flow
Valence Power Ltd

Turnover 1,010 981
EBITDA 644 409
Cash Flow
Portman Power Ltd under construction
Reliance Generation Ltd under constructin


The above are BEFORE financing costs. which will be big - see the balance sheets below


Typical balance sheets at start £'000's
Generating plant & infrastructure 6,380
Planning & connection/build costs 566
working capital (net current liabs) 994
5,952
financed by
asset finance loans 2,779
EIS investors (55%) 1,745
PPG plc (owner) 45% * 1,428 * ie spent by PPG as sponsor
* ie = earned by PPG's planning 5,952


Pro-rata - what a 5MW site would achieve on averages above
Year 1 Year 2 Year 3
Turnover £,000's 272 277 293
EBITDA £'000's 176 124 169
Kibo's 45% share £'000's 88 87 76
lurker515 Feb '21 - 10:43 - 5284 of 5285
0 0 0
Questions anyone intelligent and honest would ask of the Clear Capital Med 'prospectus' (but not of course Mr Yaki) are many - Here is a key one.

The reserve power sector has encountered serious problems last few years -prompting this Financial Times item. "Tim Emrich, chief executive of UK Power Reserve, one of the biggest developers of small gas generators, said 500MW of capacity planned by his company was "at risk". Research by KPMG has said"

Yaki knows, but hides from the gullible (Ah - forgot - he's a major Kibo shareholder !) that Plutus Powergen has sold out - one of few listed cos, so has had to publish more detail than the 350 plus other reserve power sites in the UK (Med is going to be a 'major' player of course !)

because -

What PPG 'projected' in 2017 for a 20MW reciprocating gas site
£'000's
Year 1 2 3
Turnover 2,454 4,489 4,754
EBIDA 1,192 2,311 2,508
Cash Flow 1,192 2,312 2,306
NB: Stated to be BEFORE financing costs. The figures and the balance sheets below would produce the NPV and irr LC stated back when Med first appeared (but which he hasn't altered since the disastrous performances below)

What PPG actually achieved from its first five sites (before £150k mgmt fee by each and before financing costs)(2019 R&A said six sites of 20MW each) was as follows

Attune Energy Ltd 20MW
Turnover 1,244 1,512 1,173
EBITDA 797 1,053 677
Cash Flow 797 1,053 677
Balance Power Ltd
Turnover 1,127 1,120
EBITDA 767 494
Cash Flow 767 494
Flexible Generation Ltd
Turnover 994 953
EBITDA 581 319
Cash Flow
Equivalence Energy Ltd
Turnover 1,104 1,119
EBITDA 742 509
Cash Flow
Precise Energy Ltd
Turnover 1,045 953
EBITDA 682 192
Cash Flow

Valence Power Ltd
Turnover 1,010 981
EBITDA 644 409
Cash Flow
Portman Power Ltd under construction
Reliance Generation Ltd under construction


The above are BEFORE financing costs - see the balance sheets below (based on costs c 2015 for a 20MW reciprocating gas plant - they have risen considerably since then)


Typical balance sheets at start £'000's
Generating plant & infrastructure 6,380
Planning & connection/build costs 566
working capital (net current liabs) 994
Capital employed 5,952
financed by
asset finance loans 2,779
EIS investors (55%) 1,745
PPG plc (owner) 45% * 1,428 * ie spent by PPG as sponsor* ie = earned by its planning
Total financing 5,952


Pro-rata - what a 5MW site would achieve on averages above
Year 1 2 3
Turnover £,000's 272 277 293
EBITDA £'000's 176 124 169
Kibo's 45% share £'000's
88 87 76

Disastrously short of LC's 16% irr !!

LC has touted the same NPV and irr since copying PPG's figures in 2017 . Why no mention of the shorfall everyone in the market has experienced since then ?

And why hasn't our 'expert' Yaki questioned where Kibo (and Med) - assuming the same financing structure a PPG) will get the £1.4m + £1.7m per 20MW site that equity owners will need (above figures are 6 years old. capital costs have increased since then and the schemes for EIS investors have been stopped by the IR) ?

More seriously. What will be the asset loan repayments - to come out of cash flow that LC has said each site will produce (but not mentioning the finance costs)

A child just out of Kindergarten would ask LC these questions. But not Yaki.

And of course similar questions that I asked LC at his last Investor Q&A were not acknowledged let alone answered. Better luck on Thursday eh ?

If readers on here think Yaki is a reliable guide remember his constant Kibo ramping all the way down since 2017. And if anyone can't recognise his belittling of anyone who corrects him, and his attempts to deter anyone questioning him, to be that of a child with a personality defect, they must be of the same mould.

I mentioned earlier, some of the other obvious questions.