Kibo Energy Share Discussion Threads

[frankandbeans] 26/11/2021 10:25

Well if they had any belief that the share price was going anywhere in the near future they wouldn’t be selling would they?

Cleared another few million out yesterday but with no buyers it won’t be long until the MM drop it much lower.

Oubliette.

[cj41] 26/11/2021 10:00

I suspect they will do what they always do which is to continue making a quick 5% as they leak them back onto the market. A 5% return over 3 or 4 months is good business.

[frankandbeans] 25/11/2021 12:28

Another 2.5m out the door, looks like the placees are getting restless.

Be selling at cost soon.

And then under?

[frankandbeans] 24/11/2021 15:45

CJ
Any potential buyers of the coal “assets” would be those wanting to mine and either feed into the local market or export. EDL resorted to this after their plans for a coal to power plant went awry. So why doesn’t KIBO just do this instead also?

Doesn’t fit the business model?
Not economically viable?
Can’t flog a dead horse?

And of course if you are in the market so to speak for something like some C&M coal assets and are aware that the seller is doing low ball bucket shop placings to keep the lights on, then the ball is in your court as far as the price is concerned isn’t it?

[cj41] 24/11/2021 14:52

Just responding to the idea that there is a need to know the credibility of another poster here. The chances of anyone making a profit look less likely by the day. I am hoping (maybe somewhat naively) that Louis has managed to flog the CTP for more than his annual salary.

[yaki] 24/11/2021 13:51

No interest in kudos or what folks think of me or my skills. I am only interested in making profits for myself.


cj41 24 Nov '21 - 11:53 - 6536 of 6536

I don’t think anyone invested here can claim any investing credibility.

[cj41] 24/11/2021 11:53

I don't think anyone invested here can claim any investing credibility.

[frankandbeans] 24/11/2021 10:47

Well the world would be a very boring place would it not if we all conformed.

The ultimate sin, not correctly transposing posts from one board to another. Guffaw.

Hardly that amusing really Yaki. Says a lot. So do the tumbleweeds here.

[yaki] 24/11/2021 07:47

ukn
classic post. Made me laugh!

uknighted 23 Nov '21 - 21:41 - 6533 of 6533

F&b I always thought it was good manners that, when extracting posts from another thread, the author is duly acknowledged. Apart from the lack of courtesy it also enables the reader to judge the credibility of the post based on the author.

[uknighted] 23/11/2021 21:41

F&b I always thought it was good manners that, when extracting posts from another thread, the author is duly acknowledged. Apart from the lack of courtesy it also enables the reader to judge the credibility of the post based on the author.

[frankandbeans] 23/11/2021 21:20

This from the MAST board.

"Based on the MAST optimised financial model, an EBIDTA of c. £488,221 per annum was projected in the Company's RNS of 12 August 2021. This projection has now received validation in the following"
and "Revised optimised Internal Rate of Return ("IRR") now expected at 21%."

But not the slightest, teenyweeniest hint, of the vital information investors need re the capital cost of the plant (which will hve been over and above whatever Mast paid for the Pyebridge SPV 'owning' it) - and also details of the structure of the Pyebridge SPV itself.

What is usually 70% of the capex that will be raised as a project loan ( which enables the irr to be 'optimised' asa result of the gearing) has to be repaid from that EBITDA. To arrive at the 21% irr quoted (and assuming it is calculated over 10 years, and that the £488,000 pa is taken as earnings) the initial capex met by the project equity (ie having to be met by equity shares in the SPV which will have to come either from Mast or someone else) needs to be £1.9m. Assuming the total cost of the plant has been £6m (based on info from other such plants but possibly too low) that £1.9m is 31% of the capex which seems right.
The remaining £4.1m will be a project loan, which over the 9 yrs at 8% which is similar to others, will cost £615,000 pa to repay.
So no free cash to pay out to Mast to help buy other SPV's, or to Mast shareholders, or to Kibo, while meanwhile the SPV will have little value (to be resold) until that loan has been repaid in nine years time.
Without any more detail (not provided of course, either in RNS's or in the prospectus) and with its broker having been asked to clarify but omitting to reply, an investor can only conclude that the whole Mast caboodle is a waste of investors time and money.
One question relevant to Pyebridge itself is - bearing in mind it is complete and building must have started before Mast arrived - who put up the original equity in te SPV to start building ? ie there must be another shareholder in Pyebridge we haven't been told about. While Mast paid £2.5 m for the SPV, this isn't necessarily for the whole plant so has it acquired 100% of the SPV ? We haven't been told. To understand what is in it for Mast shareholders they need to know exactly what Pyebridge 'contains' - ie how much other equity ? How much project loans already raised ? And the total capital cost of the plant. Over how many years has the irr been calculated ? Without any of that information, the EBITDA Mast (and Kibo) is trumpeting is completely irrelevant and useless.
But that is the norm for any 'project' Kibo has been involved with.
And it is so convenient that its 'Standard' listing means there is no Nomad who can demand that Mast answer such questions.

[frankandbeans] 22/11/2021 14:07

Apparently though someone wants these shares as you could sell above bid price.

7,358,963 total volume as at 12.56.

7,261,383 of those booked as sells.

They are clearly in high demand..

[cj41] 22/11/2021 13:23

It's not exactly encouraging.

[frankandbeans] 22/11/2021 12:18

And another 1m sold.

10% looks like the best the placees think they will get.

Won’t be long before they sell at cost.

[yaki] 22/11/2021 11:10

Just checked and you can still sell 4m shares at 0.2204p

Cool 10% return on the placing price

[yaki] 22/11/2021 11:07

I saw you could sell 5m at a go, at above bid
Someone wants these shares!

Obviously if you had them at 0.2p at the latest fundraise, 12% return is not bad

[frankandbeans] 22/11/2021 10:45

6m sells in 2 trades, within few mins of each other

Mmmm

[frankandbeans] 20/11/2021 07:49

5
Research
4
Research
3
Research
2
Research
1
Research
0.2

What comes next. The trend is your friend!

[lurker5] 20/11/2021 04:24

Yasx shows his muddle as usual. just one example. NCCL calcs are based on raising cash for the project. Not for the company. He can't understand the difference. Somewhere else he has claimed to be 'intelligent'. Anyone really intelligent never claims to be so. He knows how little he knows or understands. The likes of Yasx claim to know everything. I'm sure we'd all like to see his IQ test results, or for Mensa or GMAT. I'd bet he never got near taking any of them. His writing shows he has no professional education either. But maybe he's not old enough to start yet.

[johncasey] 19/11/2021 23:15

my vivid dream was 14p shareprice..i trust my dreams

[frankandbeans] 19/11/2021 22:19

“You see the pitfalls at Kibo but the reality is NCCL is as bad or worse.”

Hard to argue against in my view.

[guitars4stars] 19/11/2021 21:33

yasXHard to argue against in my view.

[frankandbeans] 19/11/2021 16:21

How long does it take to bring a thermal coal plant online roughly? Dare I say from “shovel ready” stage? Because if bordersley timeframes are anything to go by Yaki I would not hold my breath on the coal project.

Oh look two sells!