Kibo Energy Share Discussion Threads

[yaki] 07/8/2023 12:00

"...What does that tell you ?"

It tells me that Kibo COO sold 45m shares?!?

And he has another 70m shares left....

lurker5 7 Aug '23 - 11:34 - 8169 of 8169

So Kibo's COO has just sold 45m shares. What does that tell you ?

[lurker5] 07/8/2023 11:34

So Kibo's COO has just sold 45m shares. What does that tell you ?

[lurker5] 04/8/2023 16:31

Nevertheless, if the shares bounce on any news re USE (but which won't benefit Kibo's own cash(not) position), it is bound to come to shareholders for more. (Athough what might come from warrants I haven't bothered to work out)

[yaki] 04/8/2023 13:25

In the meantime, some big buys - 10m. Someone using the liquidity provided by the 0.05p sellers.

Can sell online 20m shares in 1 go!

[lurker5] 04/8/2023 09:46

I missed this ! - because lost day to day interest. But I first predicted Kibo would eventually go bust about 5-6 years ago. Why ? Because LC had shown he hasn't the slightest idea how to financially manage a basket of basket cases..

Almost Bust

29th June (Alliance News) - Kibo Energy PLC on Thursday it has sought funding to address a liquidity crunch, as the company continued to post a loss in 2022.
Galway, Ireland-based Kibo has energy projects in Africa and the UK. It said liquidity constraints resulted from the "significant" capital required to develop its projects.
As at December 31, cash and cash equivalents were GBP163,884, compared to GBP2.1 million a year earlier.The group was technically insolvent, as total current
liabilities of GBP4.6 million far exceeded total current assets of GBP391,107.

Kibo said it has embarked on funding initiatives to continue development of its projects.It is waiting for the completion of a joint venture agreement between its subsidiary Mast Energy Developments PLC and an institutional investor to a value of GBP33.6 million. Heads of terms have already been agreed, it said.
"Following from the losses incurred in the current financial period, coupled with the net current liability position the group finds itself in as at December 2022,
these conditions...indicate that a material uncertainty exists which may cast significant doubt on the group's ability to continue as a going concern," Kibo said.
Kibo on Thursday said pretax loss narrowed to GBP10.9 million in 2022 from GBP23.1 million in 2021. Revenue remained relatively insubstantial, though it surged to
GBP1.0 million from GBP3,245.
Kibo Chair & Chief Executive Louis Coetzee said the company has made "significant" progress in waste-to-energy, biofuel, reserve power, and battery storage
projects.
By Artwell Dlamini, Alliance News reporter

[lurker5] 03/8/2023 16:13

No. Its the general overvaluation of every project. Bordersley was the primary example. Used to persuade the naive Mast mugs to pay 4 times the price a sensible investor would have done.

[yaki] 03/8/2023 14:13

mainly around Southport, which should be resolved by USE IPO. If doesn't happen, the cf reqs will go away!


lurker5 3 Aug '23 - 09:50 - 8161 of 8162

Wrong in this case. Following MAST, I know they are looking closely at anything Kibo tries to get past them. Its a question of which FCA department you're talking of. I'm sure there are Chinese Walls between them.
By the way Yaki. Haven't you forgotten Kibo's admitted current year £4m cash flow deficit ? (AR page 45 'going concern' (not) !

[plentymorefish] 03/8/2023 09:52

Cheers………good to know………

[lurker5] 03/8/2023 09:50

Wrong in this case. Following MAST, I know they are looking closely at anything Kibo tries to get past them. Its a question of which FCA department you're talking of. I'm sure there are Chinese Walls between them.
By the way Yaki. Haven't you forgotten Kibo's admitted current year £4m cash flow deficit ? (AR page 45 'going concern' (not) !

[yaki] 03/8/2023 09:30

lurker5

this was what the rns said, I believe

On FCA - I have quite a few friends and ex colleagues who work at the FCA - and can tell you they will do nothing, unless is of clear breach of their rules.


lurker5 3 Aug '23 - 09:08 - 8158 of 8159

USE Valued at £15m ? In your dreams ! (unless it raises £14m in the IPO ! - and/or tries the same trick as Mast got away with. Except this time the FCA will be on guard)

[plentymorefish] 03/8/2023 09:26

‘FCA will be on guard’………are you sure?………asleep at the wheel more like………

[lurker5] 03/8/2023 09:08

USE Valued at £15m ? In your dreams ! (unless it raises £14m in the IPO ! - and/or tries the same trick as Mast got away with. Except this time the FCA will be on guard)

[yaki] 31/7/2023 15:29

My calcs of Kibo value - from 0.076p-0.2p

1. Mast exposure
Kibo's Mast shares are worth 2.1m vs market cap of 1.8m, ie 16% upside as it is.

If add the 800k owed to Kibo - upside goes to 61%, ie share price of 0.076p

if add the other 450k still owed by Mast - upside becomes 86% - 0.088p

2. USE IPO

Last number indicated Kibo getting 2/3 of a company valued 15m. So like 10m. Even a 1/3 of that is another 0.1p!

3. KAT shares and other projects
worth another 0.02p?



Obviously if Mast doubles and more, can see even 0.3-0.4p!

[yaki] 26/7/2023 08:11

Agree

ATB to you too!


plentymorefish 25 Jul '23 - 14:06 - 8155 of 8155

Time will tell……atb

[plentymorefish] 25/7/2023 14:06

Time will tell……atb

[yaki] 25/7/2023 13:48

pmf

the market is always right! But also I have seen it to change its views very quickly and price the same thing - x times more, or x times less!

I think what has been happening is that a lot of investors been selling - either bcs lost the very last tiny drop of confidence, got wary of Riverfort involvement or for whatever other reason!
With the result being driving the share price lower.

Change in management, sentiment and who knows, even delivery of something that generates cash, can very quickly re rate. If my mem serves me well, Eqtec went from 0.2p to 3p on just the view that was close to CF positive!


plentymorefish 25 Jul '23 - 13:29 - 8153 of 8153

Fair enough………is it not a fact that the share price is at an all time low for good reason or is the market wrong?………

[plentymorefish] 25/7/2023 13:29

Fair enough………is it not a fact that the share price is at an all time low for good reason or is the market wrong?………

[yaki] 25/7/2023 13:04

pmf

I try to stick to the facts, and they are as above.

However, agree that the sentiment here is really poor and for very obvious reasons! But things change in life, so I hope this will come back! In one or another way!



plentymorefish 25 Jul '23 - 12:56 - 8151 of 8151

I admire your optimism…̷0;…however, I’m sure LC will find a way to get the share price even lower!………

[plentymorefish] 25/7/2023 12:56

I admire your optimism…̷0;…however, I’m sure LC will find a way to get the share price even lower!………

[yaki] 25/7/2023 12:50

So current market cap- 1.98m,

value of Mast shares owned by Kibo- 2.2m,
plus 0.8m from Mast to come in next few days,
plus another 0.45m still owed by Mast

So Mast shares, cash and loan only - c3.5m. 75% upside just on Mast!

Excluding all other projects, AIM listing etc

So fair value - 4-5m? Ie 0.11p - 0.14p?!? 100%-150% upside from current levels.

Explains TR1 and buying this morning

Obvsiously, DYOR, IMPO etc etc

[yaki] 13/7/2023 15:54

me old beans,

I missed you too!

10m buy - you by any chance?


Frankandbeans 13 Jul '23 - 08:11 - 8147 of 8147

Still trying to flog this dead horse then?

Have you no shame?

[frankandbeans] 13/7/2023 08:11

Still trying to flog this dead horse then?

Have you no shame?

[yaki] 12/7/2023 14:19

Kibo market cap - 2.3m. Value of its 125m shares in Mast (at 2.25) - 2.8m!

Plus 1.1m owed to Kibo by Mast, with 800k being repayed by end of week!