Kibo Energy Share Discussion Threads

[guitars4stars] 04/2/2021 14:12

It has to be brighter in comparison :)

[edgein] 04/2/2021 14:05

Cj41,

Well that's very interesting about all these other great CEO's and what bb account do you use to post on those? As this account you're using is a 20 page KIBO whingefest. Well I'll tell you something that the dilution has done, positioned MED for a very strong IPO at a significant premium to KIBO. MED looks like having an excellent 12 months ahead.

Regards,
Ed.

[cj41] 04/2/2021 14:05

Agreed let's hope the future it completely different.

[guitars4stars] 04/2/2021 13:33

Agreed entirely looking backwards & I don't say this flippantly, yet the future is what I'm interested & invested in.All the best Dave

[cj41] 04/2/2021 13:27

Not every share is like KIBO thank goodness. Many CEO's do care about their shareholders and understand that issuing shares like confetti just to pay salaries without genuine project progress is not actually a good thing. The ongoing stories and ALWAYS missed timelines from the company would be unbelievable if we weren't witnessing them first hand.

[yaki] 04/2/2021 13:27

cj

I agree with most of what you say and this is why KIBO is trading so low compared to lots of players out there, eg NCCL

However, I disagree strongly with
"...or all we know the IPO has had no significant interest and it gets away at way below expected share price "

My sources close to the sole broker for MED are telling me that they reached the 4.5m and now aiming for a 1m extra. The book expected to close pretty soon, if hasn't, as my info is from y'day.

Also I expected much lower valuation, at 10m, valuing KIBO assets at 5m, valuation of 23.5m and KIBO share of 55% of that is way higher than I expected. Let's say that 13m MED valuation for KIBO is c 0.7p vs 0.3p now!

Also on MED, the CEO is actually highly regarded chap who has tons of energy experience!

cj41 4 Feb '21 - 12:40 - 5151 of 5153

To be honest Yaki this has the potential to go somewhere but due to the management also has the potential to go absolutely nowhere as it has for the last 6 years. It remains a very high risk share. For all we know the IPO has had no significant interest and it gets away at way below expected share price Where is the Baobab PPA which was due at the end of September? What is happening with MCPP if anything? What is happening with Bots? No one actually knows but the company has and always will use the ‘progressing well’ line which has worn extremely thin. LC remains devoid of credibility as he has still achieved zero other than massive destruction of shareholder value.

[guitars4stars] 04/2/2021 13:08

Same as any investment whatsoever...Research & make a balanced decision. My decision was to invest in Kibo Energy heavily yet each of course to their own...Cheers

[cj41] 04/2/2021 12:43

All new shareholders need to understand that they could be sitting waiting for exactly the same outstanding actions this time next year but with a shed load more shares in issue. That's KIBO.

[cj41] 04/2/2021 12:40

To be honest Yaki this has the potential to go somewhere but due to the management also has the potential to go absolutely nowhere as it has for the last 6 years. It remains a very high risk share. For all we know the IPO has had no significant interest and it gets away at way below expected share price Where is the Baobab PPA which was due at the end of September? What is happening with MCPP if anything? What is happening with Bots? No one actually knows but the company has and always will use the 'progressing well' line which has worn extremely thin. LC remains devoid of credibility as he has still achieved zero other than massive destruction of shareholder value.

[georgeo1] 04/2/2021 12:29

Off topic..Bitcoins. Altcoins also known as tokens soon to be listing some or all on the NASDAQ stock exchange. Got some few days ago from a platform dirt cheap and reep profits very quick.

[georgeo1] 04/2/2021 11:02

Something should have progressed by now as approaching mid FEBRUARY.

[yaki] 04/2/2021 10:19

Ed,
as long as the warrant holders convert - should be fine for KIBO cashwise

I don't know who is behind them; the CLN deal was quite opaque and murky, unfortunately. Eg, why wouldn't you contact your second largest s/h, if need emergency cash?!?

Probably why every decent investor I talk to, agree with valuation but are very wary of Kibo management.

[edgein] 04/2/2021 09:06

Yaki,

I'm sure that not all of the warrant holders will want to cash in straight away, some of them might be curious to see what is achieved at MED. Development of projects to run in parallel, pipeline of 71MW under discussion, long term target of 300MW. To me at £23.5m that sounds very much like a growth stock in a fast growing sector.

Regards,
Ed.

[edgein] 04/2/2021 09:03

Yaki,

Yes true it may still be Strattkraft, but then they haven't been mentioned for quite some time. IPO should clarify that and if the Italians are still responsible for the engineering etc.

Regards,
Ed.

[yaki] 04/2/2021 08:58

Gazza
They have 240m warrants at 0.25p - 600k. I am sure holders would want to convert them and maybe cash in for 30-50% profit!!!

Actually I think the 3m - 5m sells we have been getting over last week or so are probably related to the warrant holders

Then you have the warrants at 0.4p!

[gazza102] 04/2/2021 08:55

That sounds good however how much cash have they got and when do you think a placing is due. Not trying to deramp just been here a while and worried about committing more cash. I know you put your money where your mouth is so I respect your views.

[yaki] 04/2/2021 08:48

up on tiny volume

I think the market is waking up to the huge disparity between KIBO assets and share price.

If MED is listed at 24m as expected. KIBO stake 13.2m + KAT of 2.3m, is cool 15.5m
which is 0.7p

So easily 100% from here

And then we have the African projects. Moz and Iron project there is looking really good ...

[georgeo1] 03/2/2021 16:16

Like cocacola vs pepsi

[yaki] 03/2/2021 16:10

Ed
The off taker is Strattkraft, I believe.

[edgein] 03/2/2021 14:51

With the IPO and subsequent releases we should see who the blue chip off-taker for the MED power is too.

Regards,
Ed.

[edgein] 03/2/2021 14:49

Yaki,

Nail on the head chap, diesel being more expensive than oil as its a refined product, gas being a fraction of the cost of oil let alone diesel. Those who compare PPG with MED is like comparing an iron ore company to a gold miner. Both miners but totally different economics.

Regards,
Ed.

[edgein] 03/2/2021 14:45

Yaki,

Yes true, the IPO documents and follow up news should give a better idea of scale as well as going over some of these old RNS releases.

Regards,
Ed.

[yaki] 03/2/2021 14:45

Gazza

No, as Mast will have complete control.

Also PPG sites were diesel. Cost of upgrading them was going to be ad high as setting up new plants.

[gazza102] 03/2/2021 14:36

OK thanks very confusing. Let me ask can what happen at PPG happen at kibo

[yaki] 03/2/2021 14:17

Gazza
Start with the latest annual results and you will see what went wrong

Eg

There is no doubt that the past year has been a challenging and tumultuous year for the Group, an annus horribilis in most respects. Before I go into detail with regard to some of these events, I wish to explain how the loss of value to shareholders occurred. Plutus had previously been awarded management contracts to operate nine flexible energy generation ("FlexGen") sites which are co-owned with Rockpool Investments LLP ("Rockpool"). In the period under review we held 44.5% shareholdings, via Plutus PowerGen plc ("PPG", the "Group" or the "Company) and Plutus Energy, in each of these sites which rank behind the EIS investors in terms of getting their capital returned and pari passu thereafter. Plutus has had no influence over the running of the nine co-owned entities which each have a single director. Plutus does not have board representation on any of these companies which are independent of Plutus. We merely have a shareholding and had a management contract in each company and no influence beyond that or on any events effecting the industry in which we operated.

.....