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KIST Kistos Holdings Plc

170.00
14.00 (8.97%)
21 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Kistos Holdings Plc KIST London Ordinary Share
  Price Change Price Change % Share Price Last Trade
14.00 8.97% 170.00 16:35:13
Open Price Low Price High Price Close Price Previous Close
156.00 154.50 168.00 170.00 156.00
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Kistos KIST Dividends History

No dividends issued between 21 Feb 2014 and 21 Feb 2024

Top Dividend Posts

Top Posts
Posted at 01/2/2024 20:17 by nigelpm
The logic of a merger between SQZ, KIST, ENQ is huge - to then be swallowed by HBR.
Posted at 01/2/2024 09:54 by ashkv
SP: 142.00p
KIST Current Share Price vs 52 Week low of 142p on 1 Feb 24: 0.00%
KIST Current Share Price vs 52 Week High of 435p on 13 Feb 23: -62.63%
MarketCap GBP: £117,661,200
MarketCap USD: $148,841,418
Brent: $81.25
British Gas Prices (Next Month): £74
Cash EUR (31 Aug 2023) (Pro Forma): €226,000,000
Cash USD (31 Aug 2023) (Pro Forma): $244,080,000
Debt EUR (30 June 2023) (Pro Forma): €289,000,000
Debt USD (30 June 2023) (Pro Forma): $312,120,000
Net Debt(EUR) (31 Aug 2023) (Pro Forma): -€63,000,000
Net Debt(USD) (31 Aug 2023) (Pro Forma): -$68,040,000
TAX REFUND FROM NORWAY DUE DECEMBER 2023: €71,700,000
Enterprise Value (In USD): $216,881,418
2023 Production Guidance (Mid Point 8,500 to 10,500 boe/d) 9,500
H1 2023 Proforma Production Average: 9,200
Enterprise Value/Barrel (2023 Production Guidance Mid Point): $22,830
Enterprise Value/Barrel (HY 2023 Average Actual Production): $23,574
Enterprise Value/Barrel (2023 Mid Point Guidance Including Norwegian Tax Refund Due Dec 23): $14,678
Enterprise Value/Barrel (2023 Mid Point - Including Decommissioning Costs And Tax Refund Due Dec 23): $36,395
Abandonment Provision (Decommissioning Costs - HY 2023 Results): $208,867,680
Enterprise Value (EV) / 2P Reserves (Including Mime Acq 36.3 MMboe): $5.97
Shares Outstanding: 82,860,000
GBPUSD: 1.265
EURUSD: 1.08
Posted at 23/1/2024 15:06 by papillon
There was a large, very bearish, H&S pattern formed on the KIST chart in 2022.
The share price looks like it's heading back down to £1
Posted at 18/1/2024 16:40 by billy ray
Cash,

I'm certainly not disagreeing with you. But, as the saying goes, politicians campaign in poetry and govern in prose. So if Labour does win the general election, then I wonder if Starmer may have to be slightly more pragmatic than his current rhetoric suggests with regard to fossil fuels and the necessity for UK security of supply (at the very least, relating to natural gas which is considered a vital part of the energy transition and is relatively low-carbon in comparison to coal and oil).

And whoever wins, post election there should at least be some clarity over the tax situation going forward, and any further investments in the UKCS can then be planned accordingly.

If Labour does win (likely) then I can see an immediate sell off in companies with exposure to the UKCS, like KIST. But that might just also offer an intriguing contrarian buying opportunity? (One for the brave!)

And mariopeter, as I have a very decent-sized holding in PRD, I absolutely agree with you about Morocco! PRD's most recent RNS mentioned three times the opportunity, post successful testing, for a 'partial monetisation' of its Moroccan gas assets, and AA could do a lot worse than to utilise KIST's large cash pile to invest in Guercif, IMO.

However, saying that, AA does tend to like already producing assets rather than a development opportunity such as Guercif (although, of course, CNG could be up and running in the fairly near term), which may preclude PRD as an option?

So my personal hunch is that AA will look to add assets in Norway. Yes, the tax rate is high but at least it's stable (with decent relief on investments), so he can therefore more accurately calculate the potential returns on any assets without being overly concerned about further government meddling.
Posted at 06/1/2024 13:42 by ashkv
Mr A Austin - you are making Mitch Flegg look good!!!

2024 requires some of your financial wizardry to revive KIST!!!

Horrendous share price!!!

Perhaps some Director Buys?? Long overdue!!!
Posted at 30/12/2023 05:18 by ohisay
They must surely be eying up Kist atm given the recent share price weakness...
Posted at 28/9/2023 12:46 by ashkv
Per my calcs Kistos should be net cash in the range of USD 50-75 million by YE 2023 given higher Crude/Gas prices as compared to H1 2023, higher production, massive Norwegian Tax Refund and Lower Capex

By end 2024 on start of Jotun FPSO and Brent at $80, UK Gas between 80-100 per Therm I expect Kist Share Price to be comfortably north of 500p!!!
Posted at 28/9/2023 12:43 by ashkv
2023 Interim Results


Financial

Robust end-of-period cash position

· Net actual production for the period averaged 9,600 boepd, a 68% increase compared to H1 2022, reflecting a full six months' contribution from the GLA and one month from Norway following the acquisition of Mime

· Pro-forma net daily production averaged 9,200 boe/d across the UK, Netherlands, and Norway

· Realised price decreased to €74/boe in H1 2023 from €139/boe in H1 2022, reflecting significant gas price volatility

· Actual revenues and adjusted EBITDA decreased compared with H1 2022, driven by lower average commodity prices

· Net cash and cash equivalents stood at €247 million at the end of the period, with net debt of €42 million following the assumption of Mime Petroleum's outstanding bonds

Operational

Reporting production in line with guidance

· 2P reserves + 2C resources increased to 108 MMboe (end-2022) following completion of the Mime Petroleum transaction, which marked Kistos' entry into the Norwegian Continental Shelf, and the reinstatement of the M10a and M11 licences in the Netherlands

· Planned maintenance and workover downtime across the UK and the Netherlands reduced production uptime in H1

· Benriach well proved sub-commercial, minimal post-tax net cost to Kistos (c.€3m) due to generous investment allowances granted under EPL

· 4D seismic acquisition campaign over the four producing GLA fields completed

· Reinstated production at Ringhorne in May following a gas lift issue identified by the Operator in February

· Full year production guidance maintained in 8,500 - 10,500 boepd range

Outlook

Investing in the Company's future to maximise value

· Successful appeal to restore M10a and M11, extending licences by 5 years to August 2028 and increasing total Group estimated reserves and resources by 41%

· Ongoing progress towards completion of the Orion oil field Concept Select phase before executing FID in 2024

· Continuing to mature Edradour West opportunity towards FID and ongoing evaluation of 4D seismic expected to lead to additional infill opportunities across the GLA

· Further evaluation work underway at Q10-A with a view to enhancing production from existing wells and/or pursuing infill drilling opportunities

· Jotun FPSO upgrade remains on critical path and operator remains focused on Balder Future production start-up by the end of 2024
Posted at 28/9/2023 12:42 by ashkv
HY Results and a new 52 Week Low - Very disappointed in Mr AA - he has lost his magic and let his shareholders down...

SP: 215p
KIST Current Share Price vs 52 Week low of 215p on 28 Sep 23: 0.00%
KIST Current Share Price vs 52 Week High of 537.6p on 4 Oct 22: -60.00%
MarketCap GBP: £178,149,000
MarketCap USD: $217,341,780
Brent: $96.00
British Gas Prices (Next Month): £104
Cash EUR (31 Aug 2023) (Pro Forma): €226,000,000
Cash USD (31 Aug 2023) (Pro Forma): $237,300,000
Debt EUR (30 June 2023) (Pro Forma): €289,000,000
Debt USD (30 June 2023) (Pro Forma): $303,450,000
Net Cash(EUR) (31 Aug 2023) (Pro Forma): -€63,000,000
Net Cash(USD) (31 Aug 2023) (Pro Forma): -$66,150,000
TAX REFUND FROM NORWAY DUE DECEMBER 2023: €71,700,000
Enterprise Value (In USD): $283,491,780
2023 Production Guidance (Mid Point 8,500 to 10,500 boe/d) 9,500
H1 2023 Proforma Production Average: 9,200
Enterprise Value/Barrel (2023 Production Guidance Mid Point): $29,841
Enterprise Value/Barrel (HY 2023 Average Actual Production): $30,814
Enterprise Value/Barrel (2023 Mid Point Guidance Including Norwegian Tax Refund Due Dec 23): $21,917
Enterprise Value/Barrel (2023 Mid Point - Including Decommissioning Costs And Tax Refund Due Dec 23): $42,796
Abandonment Provision (Decommissioning Costs - HY 2023 Results): $203,065,800
Shares Outstanding: 82,860,000
GBPUSD: 1.22
EURUSD: 1.05
Posted at 15/2/2023 13:31 by ashkv
52 Week Low 318p on Feb 15 2022
52 Week High 665p Aug 30 2022

52 week low was just prior to Russian invasion on 24 Feb 2022 and on the subsequent day 16 Feb 2022 - Andrew Austin bought 150,000 KIST shars at 327p to take his ownership up to 17.25%.

Andrew Austin interests are aligned with private investors - and a plethora of newsflow forthcoming. Also given the amount of cash KIST has generated in the past year it is sItting pretty and net cash to the extent of 41% of its market cap vis-a-vis being having significant debt a year prior!!! UNREAL Share price - less than 50% of EV/Barrel that SQZ paid very recently for Tailwind!!!

PDMR Dealing

Wed, 16th Feb 2022 07:00
RNS Number : 7949B
Kistos PLC
16 February 2022

Kistos plc

("Kistos" or the "Company")

PDMR Dealing

Kistos (LSE: KIST), the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition, announces that it has been notified that Andrew Austin, the Executive Chairman, has purchased 150,000 ordinary shares of 10p each in the market at a price of £3.27 per share for the account of his self-invested personal pension scheme on 15 February 2022.

The acquisition increase Mr Austin's beneficial interests in the capital of the Company from 17.07% to 17.25%.

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