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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kistos Holdings Plc | KIST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.00 | -1.20% | 165.00 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 165.00 | 164.50 | 166.50 | 165.00 | 167.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 21/2/2024 00:29 by ohisay Malcy is a fan of course..from his blog.Smart, exciting and interesting is what I make of this deal which I certainly wasn’t expecting but which seems to be a well fitting and more key, a strategically important piece of business. Key and strategic because it fits in very nicely with UK Energy Security Policy, something that should remain the case whatever the colour of the Government and changes AA into a new strategic investor… The two gas storage facilities have been bought for a fraction of what they originally cost and are a major part of the UK onshore gas storage jigsaw and perhaps more interestingly are ‘fast cycle’ which means that they are instantly available for short term demand. In this respect to begin with Kistos will be working with a ‘leading trading house’ although I would expect them to be doing that job themselves before long, worth the while if you can provide 11% of the UK’s flexible daily gas capacity if called upon. Being free to buy or sell gas gives Kistos significant extra flexibility in the market it operates and this subsidiary not being considered an oil and gas company will own 100% of the trading business and liable only to taxation as a trader and not the Looney tax. It also has the opportunity to provide the UK with highly valuable ‘cushion gas’ the value of which alone more than justifies the purchase price. Finally and for the longer term, the company notes that this could provide profitable opportunities in both compressed air and has potential for hydrogen trading should that market develop. It looks like Andrew Austin has yet again come up with a dollar for a dime.. I note todays volume was the biggest since last June ..the market clearly liked it too. |
Posted at 15/2/2023 13:31 by ashkv 52 Week Low 318p on Feb 15 202252 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%. |
Posted at 15/9/2022 16:36 by mariopeter From website...investors/2019 18m Euro 2020 6m Euro 2021 68m Euro |
Posted at 01/9/2022 18:36 by mrscruff The charts will show the sellers (I think mostly new investors looking to gain from the crisis) quickly selling (with the gas price fall and general market sell off) but not clearly the the capitulate point and which the share price will recover from. The RSI is low and gas prices actually ended up today. I added but I have plenty of more cash and bonds and REITs I can sell to buy more. |
Posted at 02/8/2022 12:47 by mrscruff -10% from peek so added today. There must be significant cash being accumulated, can anyone tell me when the next trading update will be, I would really like to get into the numbers?hxxps://kistosplc.co |
Posted at 23/7/2022 12:17 by cashandcard MP,Most of the argument regarding SQZ is their cash position and historic performance (really just the securing of the current assets). History is always important, but it needs analysing. Does that deal from a few years indicate they will do the same again? No, they have not since.Andrews history is M&A activity that led to a sale situation within a few years. He has shown himself to be an impressive and prolific dealmaker. Not willing to get comfortable sitting on a pile of cash, you know another deal is not far off.Some retail SQZ shareholders seem to think collecting 3% Divi is better than multiples in growth dealmaking. It only makes sense for SQZ investors back in 2016-2017b(pre-deal) who are probably recieving dividends equal to or more than their original investment. That will be 0.001% of the small fry investors who frequent the SQZ forums on here or LSE.The future and growth is firmly with Andrew Austen at the helm of a combined entity.Cash |
Posted at 22/7/2022 02:32 by mariopeter Despite all the industry averages of 30% the cos, in reality, is 1 in 10. It beggars belief that "drill bit avarice" is blinding the small investor sentiment at SQZ.If KIST walk and the drill fails then what happens to the SQZ share price? But fear not because the big institutions holding SQZ will make the decisions. Their calculation will be: Combined EBITDA say £1bill*1.8 is a cap of £1.8bill. No of KIST shares in issue will be, current 83m and new to SQZ 272m*.2932 a total of 163m shares so that's £11 a share. The immediate question is do I accept £2.46 cash now plus own .2932 of £11 (Total £5.68) or do I hold at £2.85 in the likely event of the current drill failing. Bit of an easy decision for the Institutions over at SQZ but they will have to educate the SQZ board to accept the offer as seemingly they just don't get it. Perhaps our top shareholder can explain it. |
Posted at 12/7/2022 09:35 by tidy 2 Good news that it puts all the NS producers on the investor radars. SQZ KIST iOG TINY CAPS and majorly in demand. |
Posted at 11/7/2022 08:22 by x54v "Significant upside potential" always has a nice ring to it."In addition to the immediate significant increase in our daily production, these assets also offer investors significant upside potential from the Glendronach development project and the highly prospective Benriach exploration target." |
Posted at 07/4/2022 15:23 by piratepeter Malcy’s take: This is a full announcement covering all of Kistos’ history in which it has packed in more than some company’s in many years. The numbers speak for themselves and investors will be very happy with the pro forma adjusted EBITDA of €102.9MM in the 12 months to 31 December 2021, better than originally expected due to strong gas prices.The bean counters have made impairments of €121.0MM which seems to me to be a ridiculous treatment especially when assets such as these will be highly dependent on the rise and fall of hydrocarbon prices, what might have happened if gas prices had fallen? The main message here is that technically Kistos is in a very strong position despite the impairment misnomer which is driven by accounting standards and that there is no question that the value of the assets acquired is significantly more than at the time of the deal. Due to positive operational developments and those gas prices, cash balances on 31 December 2021 were €77.3MM (30 June 2021, €59.1MM), after capex of some €20.0MM on a cash basis. The group is now unhedged which readers will know I am supportive of and whilst a commitment to offset against capex is inevitable and thus hedging will come in time, at the moment Kistos is set very favourably. There is one further point to make about the cash generation of the company and how it affects shareholders. I have seen published research showing how much of that cash will transfer to benefits for investors and the eagle eyed will see that by Q3 this year the company will have been able to retire its debt. This will mean that there will be no covenants on dividends or blocks on returns to shareholders and with cash at year end 2022 according to analysts of some €237m pre retiring the debt, distributions could well be part of the offering by Kistos. Finally as if to rub it in the company reiterates that ‘given its financial strength and in line with its strategy, the Group continues to evaluate several business development opportunities in the energy transition space’. This was proved when the company announced that it had farmed-into TotalEnergies’ Greater Laggan area offshore the UK which adds 6/- boe/d and is backdated to Jan 1 which will encompass the 1Q strong price period. I wouldn’t be at all surprised to see further deals from Kistos if only to upset the bean counters… |
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