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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kibo Energy Plc | LSE:KIBO | London | Ordinary Share | IE00B97C0C31 | ORD EUR0.0001 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0375 | 0.035 | 0.04 | 0.0425 | 0.0375 | 0.04 | 3,606,771 | 12:17:48 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 1.04M | -9.78M | -0.0026 | -0.15 | 1.51M |
Date | Subject | Author | Discuss |
---|---|---|---|
10/12/2022 14:51 | PWhite a nomad, like any other service company, can stop providing services. Usually for a number of reasons 1. shrinking or exiting the nomad line of business 2. related to above, low margins and high regulatory costs, can make it uneconomical or better to allocate capital to asset management or corporate broking 3. a difficult client, ie if they are causing lots of trouble 4. reputational risk, eg wrong industry But you would expect a company to be given informal and then formal notice anf have plenty of time to find replacement. Obviously, reflects poorly on Kibo management. PWhite7310 Dec '22 - 12:25 - 7721 of 7721 A nomad cannot resign leaving a company's shares suspended without the permission of the FCA. The FCA would look at the request for a resignation then either grant it or refuse it. In this case the FCA has granted it. If the FCA grants permission for a nomad resignation due to company malfeasance they can also block any other nomad from stepping into the role. That KIBO says its in very advanced discussions with another nomad is standard terminology. If it hasn't already appointed the new nomad it is unlikely to over the Christmas and New Year period. Its a question now of wait and see. | yaki | |
10/12/2022 12:25 | A nomad cannot resign leaving a company's shares suspended without the permission of the FCA. The FCA would look at the request for a resignation then either grant it or refuse it. In this case the FCA has granted it. If the FCA grants permission for a nomad resignation due to company malfeasance they can also block any other nomad from stepping into the role. That KIBO says its in very advanced discussions with another nomad is standard terminology. If it hasn't already appointed the new nomad it is unlikely to over the Christmas and New Year period. Its a question now of wait and see. | pwhite73 | |
09/12/2022 16:22 | If this goes completely down the pan then LC can take no further payments. That will at least be some solace for kissing goodbye to a shed load of cash. | cj41 | |
09/12/2022 16:04 | Just poor form ... there is only one person tenure that needs to end and end before it's too late | sirianbotham | |
09/12/2022 15:54 | agreed pretty poor by BoD and heads should roll They should have known that this is coming and should have started talks way before the end of current nomad tenure lazygun 9 Dec '22 - 15:50 - 7716 of 7716 What a surprise…. Not! | yaki | |
09/12/2022 15:50 | What a surprise…. Not! I’ve never had any faith or belief in LC. I’m convinced kibo’s troubles rest entirely with LC. Kibo in my opinion would be better off without him having anything to do with kibo and it’s subsidiaries… L | lazygun | |
09/12/2022 15:47 | I am sure there are many reasons why nomad wpn't extend its tenure until new one is found! But if Kibo had no nomad lined up, they should have said today and suspended immediately! lurker59 Dec '22 - 15:13 - 7712 of 7714 Or, alternatively, the FCA having had to look at the whole disturbing history of Kibo's past pronouncements and the nomad's role in letting them pass, has decided the latter's position is untenable. Any other theories than the absurd 'admin' one ? | yaki | |
09/12/2022 15:45 | I would assume they would have given the required notice - no idea how long - 1-3 months and Kibo started discussions with new nomad, as said in the rns I don't know how long a nomad dd takes but looks like it hasn't happened until today! plentymorefish 9 Dec '22 - 15:08 - 7711 of 7713 If the resignation was amicable you’d expect they’d have given the company an idea so they could line up a timely replacement. The RNS suggests it’s not amicable imho so leaves Kibo scrabbling around to find a new nomad….. | yaki | |
09/12/2022 15:13 | Or, alternatively, the FCA having had to look at the whole disturbing history of Kibo's past pronouncements and the nomad's role in letting them pass, has decided the latter's position is untenable. Any other theories than the absurd 'admin' one ? | lurker5 | |
09/12/2022 15:08 | If the resignation was amicable you’d expect they’d have given the company an idea so they could line up a timely replacement. The RNS suggests it’s not amicable imho so leaves Kibo scrabbling around to find a new nomad….. | plentymorefish | |
09/12/2022 15:03 | The only reason a longstanding nomad resigns at short notice, isn't a mere 'admin' matter.Its because the rat it has been smelling for years has suddenly become an unbearable stench. | lurker5 | |
09/12/2022 14:56 | Well Well Well. Who'd a thought this would happen ! Coincides with attempt to get the USE IPO past the FCA. Go figure | lurker5 | |
09/12/2022 14:48 | My read is - as suspension is not immediate, looks like an admin point and suspension will be lifted on new nomad appointment. Just my read. No advice intended! | yaki | |
09/12/2022 14:16 | nomad resigned and Kibo suspended as of next week interesting developments | yaki | |
07/12/2022 12:17 | After MAST and KAT FCA will be looking very closely at claims for USE. And anyone thinking the IPO (if it happens) will help Kibo is in fairyland. Its hiving the rag bag off because it can't afford to finance them, without which they have no value. | lurker5 | |
05/12/2022 18:54 | Not forgetting the interest accrued on the amount drawn down from the facility. I forget the % on that. | frankandbeans | |
23/11/2022 21:52 | @cj41 This RNS is more positive than most. However as usual it leaves too many unanswered questions! It does however bring a sale of one of the coal assets (with or without power purchase co) a step closer. | dpr1881 | |
23/11/2022 18:17 | It's not surprising that there is zero reaction to anything that comes from LC. It's a assumed to be either negative or just a load of nonsense and hot air at best. | cj41 | |
23/11/2022 08:59 | Maybe twangers is buying back in again, 3rd or 4th time lucky? | frankandbeans | |
23/11/2022 08:33 | A nice 2.8m buy! | yaki |
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