Kibo Energy Share Discussion Threads

[yaki] 17/8/2021 09:58

In the meantime, a nice 1.3m buy!

[sirianbotham] 17/8/2021 09:42

Really. Right about direction but wrong on many counts with the facts he uses trying to prove a point. Wrong when he originally invested as well I assume. No one here has much time for LC at present but do at least want the business to improve / succeed

[lurker5] 17/8/2021 09:25

Thanks cj ! Yes I made a mistake re quoting 3 sites income.(Will look into implications later)
However the latest Rochdale announcement raises yet more red flags
If the 15.5% irr is correct, and it reflects a genuine £4.16m 'free' cash flow summation over (say) 20 yrs, the upfront capex would have been only £1.25m (for a 4.4MW plant. On that basis, the 20 yr NPV (@7% discount rate used by MAST elsewhere) would be £0.9m overall, or £2.1m if you assume the capex has been paid.
Yet MAST has claimed that (and based the IPO price on) eg Bordersley (5-6MW), has a £15m NPV ! (Against the £5m NPV claimed less than two years before)
You work out whether you've been misled - or what ?
Don't forget this has LC's paw prints all over it.He personally trumpeted 'NPV's for his ctp projects that were similarly grotesquely wrong, cherry picked, and inconsistent. I've said all along that MAST's shares are buoyed up only on CC's inexperienced pi's belief in the fallacious 'values' quoted at the ipo (and the presentations beforehand) As time goes on and it is forced to give SOME truer figures in RNS's its exaggerations wil unravel along with the shares.
That Rochdale 'clue' is only part of the inconsistencies it discloses. I haven't time to spell out the others yet.

[cj41] 17/8/2021 09:23

'I see Mast share price keeps going up in small steps' and long may it continue.

[yaki] 17/8/2021 09:10

I see Mast share price keeps going up in small steps.

Agree that LC has wrecked it here and has a lot to prove!

cj41 17 Aug '21 - 08:55 - 6008 of 6008
0 0 0
Unfortunately Lurker has called this right on every count to-date. I think an assortment of views is probably advisable as opposed to just the largely unfounded optimism of a few large investors. I would have preferred him to be consistently wrong. However that has has not been the case. The market currently still does not buy LC’s MAST plan. I wonder if Bordesley will ever move from shovel ready and production ready to actually just done.

[cj41] 17/8/2021 08:55

Unfortunately Lurker has called this right on every count to-date. I think an assortment of views is probably advisable as opposed to just the largely unfounded optimism of a few large investors. I would have preferred him to be consistently wrong. However that has has not been the case. The market currently still does not buy LC's MAST plan. I wonder if Bordesley will ever move from shovel ready and production ready to actually just done.

[nigelpm] 16/8/2021 14:24

I seriously recommend filtering lurker5 - he's now simply spreading fake news.

[sirianbotham] 16/8/2021 12:37

Desperate springs to mind

[yaki] 16/8/2021 10:31

re 1.1m - I would suggest you re read the rns.

Just it might be the net profit from THREE sites rather than one.

But why would you let facts spoil your story, lol!

lurker5 16 Aug '21 - 10:17 - 6004 of 6004

The fact that Rochdale, the latest acquisition, has 'cost' a mere £222,000, but will deliver an ‘annual net profit stream’ of £1.1m should tell even the dimmest lemming that there is something not quite right in the figures they’ve been told. Use your brains, if you've got any.

[lurker5] 16/8/2021 10:17

The fact that Rochdale, the latest acquisition, has 'cost' a mere £222,000, but will deliver an ‘annual net profit stream’ of £1.1m should tell even the dimmest lemming that there is something not quite right in the figures they’ve been told. Use your brains, if you've got any.

[yaki] 16/8/2021 08:24

Kibo LISTED assets worth 14m where KIBO market cap is 5.5m.


65% discount to LISTED assets.

And then you have all the other projects, like Waste to Energy + Coal assets (Coal price is over $100!!)

[yaki] 16/8/2021 07:54

Great news by Mast today again

plus

the 10m debt facility reported over the weekend

Mast saying 1.2m NET profit in q2 2022.

And is only the start ...

[guitars4stars] 15/8/2021 17:10

Anyone else expecting a great week ahead here...(Lurker - Terms and conditions do apply)Lol

[sharetalk] 15/8/2021 11:35

I've created a new MAST thread (the recently listed power company in which KIBO has a stake):



MAST looks like it could really take off now.

[lurker5] 14/8/2021 09:55

No ! The market isn't crazy. It can (eventually) see behind the smoke and mirrors

[yaki] 13/8/2021 12:47

Just based on value of Kat and Mast, it should be 0.6p!
I added yesterday after Mast news and today.
65% discount to LISTED ASSETS value.

Crazey

[tomboyb] 13/8/2021 12:39

bout to turn -

[yaki] 13/8/2021 12:29

some good buying so far today,
c6m bought

[lurker5] 13/8/2021 12:29

The £2.5m may be for the SPV, which holds the plant. But the SPV (look it up once its accounts are listed at Companies House - probably in over a year's time) is merely a shell within which is held the project, less the loans and equity that will have financed Pyebridge's build cost. That's why its 'price' is so low. The build cost is likely to total well ovr £10m, of which perhaps half will have been met by bank and asset loans. These have to be repaid from the revnues. Work it out. You have the EBITDA. Work out the annual repayments for a c £5m loan at 9% over ten years. Then see how much is left for the 'equity' shareholders. You can see similar figures if you look at SPVs' (ie operating companies) at Companies House where eg all Plutus Powergen's and any other you can find (there are well over 500 of them) have been clocking up big cash deficits in the last few years. Kibo, Mast, and Corcel haven't told you that, and its why MST's prospectus was extremely light on information.

[sirianbotham] 13/8/2021 12:19

No point buying a book on accounting if you cant read and understand what's being said

[yaki] 13/8/2021 08:39

This is wrong

"...There'll be a loan and asset finance repayment for the first ten years, probably bigger than EBITDA.." - there is no any debt involved. I checked at CH and a few other sources

The 2.5m is for the plant built and ready for use.
So EBITDA is basically EBTDA and DA, over 15 years is c160k. SO annual profit of 340k!
Obviously with these fundametals, it should be easy to raise a loan against the plant and use the funds for developing new plants


lurker5 12 Aug '21 - 21:59 - 5985 of 5992

Read the MAST board to see how little value Pybridge will actually deliver.
The after-ITDA isn't the only important figure. There'll be a loan and asset finance repayment for the first ten years, probably bigger than EBITDA. That means no spare cash for MAST or KIBO amd probably (like all the other peakers out there the last few years, a negative cash flow). But LC will use Kibo's 55% to 'consolidate' Pybridge's pretax profit, (before showing a minority below the line - probably in extra-small print) and so pretend it is 'revenue' for Kibo. Which it won't be. If you don't understand what I'm saying, get a book on accounting. (And sell your Mast shares !)

[lurker5] 13/8/2021 08:19

Sir Ian "Why, and What For ?" !!!!
sums up exactly the woeful ignorance surrounding these sorts of companies. Does this man never do any reading, research, thinking ? Has he even hoisted in what I've written here ? Can he add up numbers ? What does he suppose a 9MW plant with infrastructure might cost ? Who will be meeting it ? Are they then going to GIVE it to Kibo for FREE ? - and therefore to him ? What a child.
As for 'debate' ! This isn't 'debate'. It's facts and figures anyone can find for themselves. Its solid information - something LC and his mates has never given his benighted investors. I'd have thought even Botham would have tumbled to that by now.

[nigelpm] 13/8/2021 07:43

It's brilliant to bring in some critical thought and debate - lurker5 from what I can see is continually posting negatively even when there is potentially good news. That isn't helpful to anyone.

[guitars4stars] 13/8/2021 07:37

Lol anyone who listened to Lurker promote NCCL for the last 5 years would be truely stuffed & as for the poll, organised by an agenda poster with like 3 replies to ramp another share.Bit like Lurker pushing NCCL not KiboPMSL DYOR & all of that

[grimreaper2019] 13/8/2021 06:57

Except anyone who had listened to lurker5 when he was posting about the then Kibo Mining when the share price was 5p would not have lost 95% of their investment.

Take note, there was a poll on Twitter concerning Mast Energy, 80% of responses suggested the company was grossly overvalued, again pointed out by lurker5 since Mast was listed.

Fools and money are easily parted.