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Share Name Share Symbol Market Type Share ISIN Share Description
Kibo Energy Plc LSE:KIBO London Ordinary Share IE00B97C0C31 ORD EUR0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.015 6.82% 0.235 3,348,667 08:00:03
Bid Price Offer Price High Price Low Price Open Price
0.22 0.25 0.235 0.2145 0.235
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -3.90 -0.40 5
Last Trade Time Trade Type Trade Size Trade Price Currency
14:00:02 UT 5,000 0.22 GBX

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14:00:020.225,00011.00UT
12:58:530.23131,925302.11O
12:03:470.2261,538135.38O
12:03:460.2261,538135.38O
12:03:370.2261,538135.38O
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Kibo Energy (KIBO) Top Chat Posts

DateSubject
26/11/2020
08:20
Kibo Energy Daily Update: Kibo Energy Plc is listed in the Mining sector of the London Stock Exchange with ticker KIBO. The last closing price for Kibo Energy was 0.22p.
Kibo Energy Plc has a 4 week average price of 0.20p and a 12 week average price of 0.20p.
The 1 year high share price is 0.83p while the 1 year low share price is currently 0.18p.
There are currently 2,154,776,522 shares in issue and the average daily traded volume is 6,914,135 shares. The market capitalisation of Kibo Energy Plc is £5,063,724.83.
31/10/2020
17:07
lurker5: Dear oh Dear Twangers ! What has tomboy said that is balanced ' ? As far as I can see he's merely reposted LC's blurb. And would your definition of a numptie include anyone ( yourself ?) who dreamed of riches all the way down Kibo's catastrophic share price collapse, and is now dreaming that, somehow, miraculously, its going to recover again despite that there are now potentially 10 times more shares in issue than a few years ago when its flagship 'project' might have delivered a 5p share price in six years tinw (might, of course, being LC;s flagship moniker) Just asking. curious to know. It would be so kind of you to tell.
28/10/2020
08:05
tomboyb: Kibo Energy PLC UK Subsidiary Secures Third Reserve Power Site 28/10/2020 8:00am UK Regulatory (RNS & others) Kibo Energy (LSE:KIBO) Intraday Stock Chart Wednesday 28 October 2020 Click Here for more Kibo Energy Charts. TIDMKIBO RNS Number : 3848D Kibo Energy PLC 28 October 2020 Kibo Energy PLC (Incorporated in Ireland) (Registration Number: 451931) (External registration number: 2011/007371/10) Share code on the JSE Limited: KBO Share code on the AIM: KIBO ISIN: IE00B97C0C31 Dated: 28 October 2020 Kibo Energy PLC ('Kibo' or the 'Company') UK Subsidiary Secures Third Reserve Power Site Option with Lease Heads of Agreement for the Installation of a 6 MW Synchronous Gas-powered Standby Generation Facility in West Midlands Kibo Energy PLC ('Kibo' or the 'Company'), the multi-asset Africa and UK-focused energy company, is pleased to announce that its 100% owned UK subsidiary, Sloane Developments Ltd. ('Sloane'), has agreed an option/lease Heads of Terms ('HOT') for the installation of a 6 MW flexible gas power project in the West Midlands, England (the 'Installation'). Highlights -- HOT to install a 6 MW flexible gas power project in the West Midlands, England - planning and permitting already in-place -- Expands existing portfolio of UK shovel-ready sites, in line with strategy to acquire and develop a 300 MW portfolio of small-scale flexible power generation assets: o 100% interest in 5 MW gas fuelled Bordesley power generation plant, currently under development and scheduled for commissioning in Q1 2021 o 100% interest in the acquisition of a 9 MW flexible gas power project -- Proven and significant market demand with blue-chip off-taker already secured -- Power generation can be controlled remotely, maximising efficiencies, and will match times of peak demand within the local network when called upon by the National Grid -- Project development subject to successful listing of Sloane, to be renamed Mast Energy Developments Plc ('MED'), on the Standard List of the London Stock Exchange: o Admission is progressing well with the appointment of all the relevant advisers finalised and first submission of the prospectus to the FCA made o Targeting listing before the end of 2020, opening the way for rapid growth during 2021 utilising funds raised by MED as part of its listing o Kibo to retain a strategic interest of at least 51% Louis Coetzee, CEO of Kibo, said: "The installation of this 6 MW gas power project will represent the third site in our subsidiary's growing portfolio of flexible power plants in the UK. With increasing supply/demand volatility, the Reserve Power market is the fastest growing energy sector in the UK and accordingly there is significant demand for flexible power projects of this kind. These three sites mark the start of a much larger portfolio of 300 MW that Sloane is aiming to establish in the UK, with a pipeline of sites totalling a further 71 MW currently being assessed, and additional prospective sites being continuously added. "Following the LSE Admission, Sloane will be in a position to develop its portfolio at scale and pace, as opposed to on a project-by-project basis and advance significantly towards imminent revenue generation. With the listing progressing on track and due to be completed by the end of this year, this is an exciting period for both Sloane and Kibo. We look forward to providing further updates on progress in due course as we focus on realising meaningful value for all stakeholders." Installation of a 6 MW flexible gas power project -- Near shovel-ready project: o Lease hold site with planning and permitting in place for the installation of a 6 MW synchronous gas-powered standby generation facility with ancillary infrastructure. o The installation will comprise a 3 by 2 MW gas reciprocating configuration. The specific level of noise from the generators shall not increase the existing ambient sound level by more than 1dB at any nearby noise sensitive educational receptor existing at the date of permission. o The proposed scheme will feed its power into the local distributive network operated by the local distribution network operator rather than into the transmission network operated by the National Grid, thereby having the key benefit of avoiding transmission losses. o Natural Gas will be delivered to the generators onsite via a connection to the local gas distribution network. The primary function of the proposed development is to provide electrical generation into the local distributive network when called upon by the National Grid. Times of generation will match times of peak demand within the local network and generation can be controlled remotely. -- Guaranteed income: o Revenue will be created by selling electricity generated to the blue chip off-taker in terms of the contractual arrangements Sloane/MED already have in place. -- Rapidly growing target market: o Increasing volatility arising from structural shift from fossil fuels to renewable sources and rising spend on gas & electricity is resulting in tight capacity margins during peak times. -- Project development subject to successful listing of Sloane: o Costs of EPC Scope of Works are estimated as GBP2.8 million and will be funded by an equipment lease agreement to be entered into. The initial monthly lease payments (for first 4 months) are budgeted for in the Listing working capital budget and remaining monthly lease payments (following 80 months) will be covered by steady state revenue creation. -- Sloane LSE admission: o This project installation will be in line with the proposed Listing Admission, which will facilitate development of a portfolio of flexible power plants in the UK operating in the rapidly growing Reserve Power market. -- This project installation will provide additional revenue opportunity, building upon the revenue potential of Bordesley (6 MW) and the previously announced 9 MW project (see RNS of 07 September 2020), and will be synchronous to the Listing working capital budget forecast. Transaction Rational The acquisition is an important step toward solidifying Sloane's strategic intent to establish itself as a significant presence in the Reserve Power market, with the ultimate objective of developing a reserve power portfolio in aggregate of 300 MW generating capacity. Through the acquisition, Sloane will: -- Solidify the creation of a strategic platform from which it can significantly accelerate the development of its project portfolio by developing multiple sites simultaneously; -- Significantly improve and enhance the commercial integrity and investment attractiveness of the Sloane reserve power portfolio by establishing early revenue creating opportunity; -- Enhance the current reserve power portfolio, which includes the near-term Bordesley project, currently under development, and a 9 MW flexible gas power project. -- Mitigate investment risk materially through the planned installation of a synchronous 6 MW gas-powered standby generation facility to be connected to Balance of Plant as well as gas and grid connections. Further Information The HOT provides for an option/lease agreement for a period of 30 years, (commensurate to the project life), to be entered into by 31 December 2021 or such other date as the parties may agree to in writing. Completion of the option agreement shall take place upon the satisfaction or waiver of a number of conditions precedent, including, but not limited to: -- Sloane being successfully admitted to trading on the London Stock Exchange -- The completion of due diligence by Sloane on the Vendor -- All applicable necessary, regulatory, statutory, board and other approvals or consents having been obtained by the parties Progress on Admission of Sloane
14/10/2020
10:28
dozyduck: Mr Edge displaying his usual bar-room-braggart ignorance. Kibo has only 85% of Mabeseweka and suffers a royalty on its coal which reduces its effective share to less than 70%. It may never happen anyway as no news on its DFS. Benga has no coal of its own which substantially reduces its profitability compared with - eg MCPP (which latter - even if IT happens - will have to reframe its economics to supply the power pool -a totally different market than Tanelect.) NCCL has built up a large back spend to be refunded (thought to be over $25m) whereas Kibo has spent nothing so far except on MCPP which expected much less from Sepco - again even if it happens. That's even if Sepco comes back in and accepts spending on Tanz as part of the power pool project which it doesn't have to. ie NCCL has done all its spending (except to fund its capex equity share) wheras Kibo hasn't. Med will be peanuts even if it happens (Plutus Powergen shows it probably won't and will be much less profitable than LC trumpeted over two years ago). Kibo now has 3.5bn shares and warrants hanging over it (even before meeting its equity contribution to any of its projects)by which to divide whatever KAT comes up with - ie will be peanuts whereas NCCL has kept dilution to a minimum with only 10% that number of shares. Its why Cannacord can credibly predict a 13p NCCL share price next year, whereas no such prediction is possible through the miasma that surrounds Kibo.
14/10/2020
07:37
edgein: Clock, Irrelevant as its the market cap that counts as discussed many times previously shares in issue don't prevent companies rising. UKOG had multiples of the shares in issue when it went from 0.8p-11p on the hype about BB-1. The x3 the CTP projects here at KIBO makes up that gap and then some. The biggest project that KIBO has may turn out to be the indirect interest in Haneti too. Market is oblivious to that. NCCL has just one CTP in Moz around the same stage as KIBO. Whereas KIBO has Moz, Bots and Tanz projects, and with the recent news from AEX/SOLO it seems that the Tanz gov has emerged from hibernation. Then we have MED and Blyvoor. The only similarities is that shareholders largely capitulated in NCCL too as look at its share price performance. They just happened to capitulate more here. One mans trash is another mans treasure. It will be interesting to see which of the news flow triggers the re-rate here there's lots more going on here at a fraction of the cap of NCCL. Regards, Ed.
05/10/2020
13:03
yaki: Ed True, although EUA is a funny one. I met CS a few times and been to the agms at his club in London. But no one can argue with share price of 30p vs 0.4p only a year ago! Let's hope same can happen here. The issue is that I don't know what the driver can be here. I doubt it will be Kibo BoD continuous issuing of new shares. Anything they managed to do by spending 40m over the last 10 years Edgein 5 Oct '20 - 12:51 - 4110 of 4112 0 1 0 Yaki, And the very same style of punters as Dozy et al were saying the very same things about EUA at circa 0.4p too. Market is fickle, the first of these PPA and EPCs land all will be forgiven herd will claim these are the best thing since sliced bread. That's if MED and KAT don't beat them to it. "An extensive review by our preferred Engineering, Procurement and Construction Contractor ("EPC") to provide an indicative EPC price for the purposes of agreeing commercial terms in the Baobab PPA has been completed." So extensive review by the preferred EPC provider passed. That's what I call progress. I agree though its the lack of definitive project completion is what has gotten KIBO's share price this low in combination with the capitulation of its former holders, but its choosing the turning point is the time when the best returns come. Given allowances for miners and Africa time etc I can see multiples of these progress to conclusion within the next six months. But we'll see, high risk vs high reward. Regards, Ed.
05/10/2020
08:44
yaki: Ed, the issue with KIBO is credibility, or lack of it. We have heard way too many times that deal (SEPCO investment, PPA with Tanesco, SML etc etc) being just round the corner, and we never seen it. I am not saying that it will never happen. Actually by laws of probability, even if you have skill ZERO, it should happen once. Hopefully soon. But like the recent delays with KAT funding - THIRD or FOURTH - are not random but just shows how well the people running the show understand what they are doing! Let's hope we get this lucky break soonish. Edgein 5 Oct '20 - 08:27 - 4101 of 4103 0 3 0 Dozy, Oh I know what the NPV is and I sure do know that loans when drawn down need repaid. That's rich coming from you when you thought that a creditor took ownership of a project, not unless its liquidated. Now then as to the NPV you suggested its about $130m from your creative writing. First Equity has suggested many times that for the three CTP projects. You still fail to answer which of the CTP projects are priced into our £4m market cap? Considering that KAT are also closing in on financial close and MED are due to list this Q. Also the terms of repayment have nothing to do with the repayment structure, as by the time of the repayment the upfront costs have already been covered. The example I gave on that was KEFI that have chosen the route of asset level dilution rather than group/company dilution. An option open to all miners including KIBO, but I thought you would have known that. Also you don't know what up front costs KIBO has either as the terms of the upcoming EPC haven't been revealed yet either so your creative writing efforts are only useful to you. KIBO has huge coal assets and those can, as suggested, become revenue streams that is like all miners possible equity, sale of a portion at the asset level (none of their huge coal assets are priced in here either). None of the EPC contenders have equity level investments in any of the CTP projects as yet. While you're here why not break down the market cap of KIBO and tell us which bit represents which asset and why they're over priced in your view dozy? Us holders have an entirely different outlook. Penn, not sure if we'll need to wait 1-2 years there's lots of possible price triggers here in the near term now that they're making progress with the PPAs the EPC provider and closer to the funding of KAT. We've also to hear about the short term listing of MED and their first indirect power production. Regards, Ed.
05/10/2020
07:27
edgein: Dozy, Oh I know what the NPV is and I sure do know that loans when drawn down need repaid. That's rich coming from you when you thought that a creditor took ownership of a project, not unless its liquidated. Now then as to the NPV you suggested its about $130m from your creative writing. First Equity has suggested many times that for the three CTP projects. You still fail to answer which of the CTP projects are priced into our £4m market cap? Considering that KAT are also closing in on financial close and MED are due to list this Q. Also the terms of repayment have nothing to do with the repayment structure, as by the time of the repayment the upfront costs have already been covered. The example I gave on that was KEFI that have chosen the route of asset level dilution rather than group/company dilution. An option open to all miners including KIBO, but I thought you would have known that. Also you don't know what up front costs KIBO has either as the terms of the upcoming EPC haven't been revealed yet either so your creative writing efforts are only useful to you. KIBO has huge coal assets and those can, as suggested, become revenue streams that is like all miners possible equity, sale of a portion at the asset level (none of their huge coal assets are priced in here either). None of the EPC contenders have equity level investments in any of the CTP projects as yet. While you're here why not break down the market cap of KIBO and tell us which bit represents which asset and why they're over priced in your view dozy? Us holders have an entirely different outlook. Penn, not sure if we'll need to wait 1-2 years there's lots of possible price triggers here in the near term now that they're making progress with the PPAs the EPC provider and closer to the funding of KAT. We've also to hear about the short term listing of MED and their first indirect power production. Regards, Ed.
28/9/2020
17:35
yaki: roger, it is usually broker's clients - discretionary and non discretionary. I have been offered shares many times by First Equity and others. Also took part in KIBO's previous placing Bucket shop brokers business model is to lure HNW investors, use their money to raise capital for the corporates, and flip immediately for 10-20% The fact that Kibo's broker is not holding on the shares, shows how little confidence they have that KIBO will deliver rogerramjett 28 Sep '20 - 18:00 - 3932 of 3933 Yaki. Who does actually get to buy the shares at the placing price. The placing was succesful in raising £1.45m at a price of 0.2p through ETX capital. That tells me that the only one to get the shares at the placing price was ETX. So any high volume trades over 0.2p such as those you have stated are most likely the broker parting with those placing shares which they paid 0.2p for. The new owner of those shares will not be looking to sell these at a lower price and I cannot see that this was anything other than a market buyer, buying from the broker placing shares and not a dump sale from the open market.
28/9/2020
08:20
yaki: Roger When the 15p target was set, there were 300m shares in issue. Now we have 4 bln (when allow for warrants at 0.25p etc) So your 15p is now 1.125p for this amount of shares Still not bad if can be achieved! But can it? rogerramjett 28 Sep '20 - 08:46 - 3895 of 3896 0 2 0 I think the disparity between the NAV and Mcap (£1bn vs £5m) is the reason for the correction. Clearly over the years the BoD have diluted the share price and the company has faded into the background. However, they appear to have been progressing projects and have several PPA's for the power whilst also holding just <30% of KAT in which the value of that holding is more or less equal to the MCap of Kibo yet they have several other projects which are being worked on providing the £1bn NAV. They are funded and will raise more capital through warrants should the share price rise and they are exercised. Not expecting any near term revenue to right home about but things do appear skewed when you consider NAV and MCap. in 2018 a broker gave a target of 15p with a 50% discount. In todays money that is 5p. however removing the discount would give a 30p target. Discount was applied due to uncertainties, some of which have gone as well as new potential such as KAT holding. that would translate (increase in shares from circa 700m to 2.2bn) to a 10p target which seems to me to be a huge uplift from here. Stranger things have happened
28/9/2020
07:46
rogerramjett: I think the disparity between the NAV and Mcap (£1bn vs £5m) is the reason for the correction. Clearly over the years the BoD have diluted the share price and the company has faded into the background. However, they appear to have been progressing projects and have several PPA's for the power whilst also holding just <30% of KAT in which the value of that holding is more or less equal to the MCap of Kibo yet they have several other projects which are being worked on providing the £1bn NAV. They are funded and will raise more capital through warrants should the share price rise and they are exercised. Not expecting any near term revenue to right home about but things do appear skewed when you consider NAV and MCap. in 2018 a broker gave a target of 15p with a 50% discount. In todays money that is 5p. however removing the discount would give a 30p target. Discount was applied due to uncertainties, some of which have gone as well as new potential such as KAT holding. that would translate (increase in shares from circa 700m to 2.2bn) to a 10p target which seems to me to be a huge uplift from here. Stranger things have happened
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