Kibo Energy Share Discussion Threads

[woolybadger62] 28/6/2019 07:05

72 pages of rubbish is annual report

[lurker5] 27/6/2019 17:36

Look at all those spikes the last few years - never held for more than a few days ! Must be a terrible smell of burnt lemmings around somewhere.

[yaki] 27/6/2019 16:12

dave,
perfect timing - the top and now the bottom.



dave4545 27 Jun '19 - 15:29 - 1572 of 1572

Traders dream. I sold some yesterday for 1.533p, bought them back for 1.045p just now

Wait for next spike and rinse and repeat

n.t to buy at 1.05p now

[dave4545] 27/6/2019 15:29

Traders dream. I sold some yesterday for 1.533p, bought them back for 1.045p just now

Wait for next spike and rinse and repeat

n.t to buy at 1.05p now

[muddyfox0151] 27/6/2019 15:21

Are the black buy or sells ?

[woolybadger62] 27/6/2019 15:16

Yaki this is where u have it wrong lower price and soon bust

[yaki] 27/6/2019 14:37

What defeat? Lower share price is great - when you are buying!!!

I am loving it!

Woolybadger6227 Jun '19 - 14:18 - 1567 of 1568

Yaki-yaki

Accept defeat graciously

This pile of dung is falling by the minute


Hence why people cannot get out fast enough

Some were too slow yesterday


Now 1p soon under 1p

[woolybadger62] 27/6/2019 14:18

Yaki-yaki Accept defeat graciously This pile of dung is falling by the minute Hence why people cannot get out fast enoughSome were too slow yesterday Now 1p soon under 1p

[yaki] 27/6/2019 13:50

Woolybadger62
How's your DAY TWO on advfn going? You seemed to learned a lot to pass your words of wisdom as advice

Woolybadger62
Member since: 26 Jun 2019

[woolybadger62] 27/6/2019 13:36

Yaki best of you just shut upIt's hard for you and wimbo to take on board that you both with your hundreds of top ups in the 4/5/6/7/8Has got you no whereAll you have left is "hope"But you know in your heart that this is deadSmall spikes and that is itAs for 10pThat is just sheer fantasy I'm sorry yaki but you need to face the truth

[yaki] 27/6/2019 13:01

lurker
6m was the NPV project, ie what is left after all the costs incl capex are paid off, pre tax, I thing

I am wondering whether this is not a tax thing, ie any revenue from it can be offset against Kibo's losses as if it were under MED, would have incurred corp tax?

[lurker5] 27/6/2019 12:50

Yaki Yes you're right £3.6m capex. I think I was going by the £6m ? Kibo paid for Bordersly ? (Haven't worked it out) But maybe will involve negative goodwill on Kibo's ? B/S ?

[aimchimp] 27/6/2019 11:31

Where are all the rampers today that we're claiming this was going to do 400% rise. Wimbledon and his 10p target carry's more weight! They ramped the buying yesterday and they will probably have gone short on this now to walk the price back down! Win win for those trading it feel sorry for the ones that were allowed to be spiked!

[yaki] 27/6/2019 11:28

Thanks for the note. A couple of quick points.
1.
"...might be valued around £6m (the seeming capex for the plant) "
6m is the NPV. Capex is 3.6m as rns-ed

2.
re MED shafted - I very much doubt it

3.
Sandersons out of pocket - I strongly disagree there. They milked so much money out of Kibo. Especially getting shares for MCPP by valuing it at 66m - OUCH.

But agree, something is going on, and at this stage, don't quite know what.

[lurker5] 27/6/2019 11:19

More on Bordersly

The share price says it all. The clucking clappies got carried away - again - by LC's airy fairy hype. But not before some new headless chickens have scampered in to the chicken coop

Of course we have the usual brainless contribution from the Wagger and his band. They've convinced themselves that '5.25p is the new floor' !!

1) that implies a market cap of £42m. (and as to be expected, Wombleville Man 'opines' a £100m market cap !)

Sorry Chickkie-Biddies ! Kibo's net assets are £26.4m, of which £26.3m is the 'intangible' and uncertain book value of its projects. It has no income, and likely is currently in net debt, drawing down yet more from Sanderson. Its balance sheet hardly even supports a 1p share price.
2) Kibo got away with deeming a 5.25p share value to acquire Med and Bordersly only because that was the price when the deal (and obviously subsequent deals) was struck (LC has actually said so). Since then its only real 'asset' bolstering the shares, MCPP, has disappeared, hence they're now close to par where they're likely to stay.

(Med will be hopping mad - to add to the already hopping mad Sechaba, and the hopping mmad Sanderson - all cheated out of the value they signed up to.) See later.

But Wag opines that 'the co has 'decided' not to issue shares at below 5.25p. 'No' Mr Wag - 'The Market' will decide !

Another headless remark from the Great Panjandrum himself. "Bordersly will 'contribute significantly to Kibo's funding needs "!

Sorry. Mr Panjandrum The £300,000 or so per annum (that the stated NPV now confirms is the approx cash flow - before tax - from 100% of Bordersly) is hardly 'significant' in light of £2m of Kibo running costs (not counting the extra $millions to develop and fund its projects if ever it is to benefit from them (£1m for Benga's feasibilty study alone)

As for benefit to the balance sheet. ? Yes - as Kibo's first tangible producing asset, Bordersly might be valued around £6m (the seeming capex for the plant) but, being financed 'off balance sheet' there will be borrowings and minority shareholders to offset that. So it won't add much to Kibo's net asset value, especially after the 46m additional shares (5% more dilution) to acquire it.

The other 26MW of sites in the pipeline will, of course (if financed and acquired in the same way - except that they probably won't be - see later) add another (if pro-rata) £1.5m pa - and that really will start to help Kibo's cash drain - but at the cost of the shares issued for them and not before another year at least of that drain. So that's at least another £2m to be found from shareholders meanwhile.

But there might be a problem. MED has been shafted by taking shares valued at 5.25p when their true value now is par. The same for Sechaba whose shares in exchange for Mabeseweka are now worth only 1/6th the value it sold to Kibo (it will have to explain that to its own shareholders) Sanderson too is out of pocket - all due to the hype LC will have peddled when doing his deals with them (and, there is justice in the universe afer all ! - Sands was obviously taken in by his own analyst's bogus Kibo share 'target')

Between them they now have 63% of Kibo, so 1) LC will be on a short leash 2) The next time Med has sites to sell on to Kibo, does anyone really think they will take shares a an inflated price ? Ergo - yet more 'significant' dilution for existing shareholders.

Chickens of course, especially headless ones, can't read or do maths, or understand company accounts and balance sheets. How much longer will they keep clucking ?

[aimchimp] 27/6/2019 11:06

Have seen it all here before a RNS is ramped and people buy and get spiked the happy clappys claim it's going to 10p and then the pumpers dump and the price crashes. Threats from those that want to continue the misleading including them making claims to track people down with their IP address like SONIC has threatened is just one of their tactic!

[woolybadger62] 27/6/2019 11:01

They were warned some of them who were day traders who thought the Rns was good

[aimchimp] 27/6/2019 10:54

Drip drip drip who got spiked by the rampers AGAIN oh the excitement where are all the posters gone from yesterday I wonder! Mmmmmm!!!!

[aimchimp] 27/6/2019 10:32

They will tell you otherwise though to try and prop the share price up above 1p for a day PMSL