Our opinion on the current state of KIBO(KBO)Kibo (KBO) is an African-oriented energy exploration company listed on the AIM (Alternative Investment Market) of the London Stock Exchange and on the Alt-X (Alternative Exchange) of the JSE. The company began exploration activities in Tanzania, holding 100% of the Mbeya project in coal and other minerals, which has been disappointing. It has since expanded to have interests in Mozambique (65% of the Benga coal power station, which they announced was progressing well on 30th January 2019 and again on 9th May 2019) and Botswana (85% interest in the Mabasekwa coal power project).
In its results for the six months to 30th June 2024, the company reported revenue of GBP202,258 and a loss of GBP492,055. The company said, "...a material uncertainty exists which may cast significant doubt on the Group’s ability to continue as a going concern."
On 7th June 2024, the company announced a partly conditional fundraise with gross proceeds of £500,000 raised at a placing price of 0.015p. Mohammed Ashraf was proposed to join Kibo as Executive Director and Chief Executive Officer.
On 23rd December 2024, the company announced its financial results, including the consolidated results of MAST Energy Developments Plc. Total revenues were £341,207 (2022: £1,036,743), while the operating loss was £5,518,089 (2022: £10,570,952 loss).
The main problem with this share is that it is extremely thinly traded or untraded, which precludes it for private investors. It is also in one of the riskiest areas of investment—energy exploration—and it is running at a loss. We see no benefit in buying this penny stock unless you are prepared to speculate.
KIBO trade ideas
Our opinion on the current state of KIBO(KBO)Kibo (KBO) is an African-oriented energy exploration company listed on the AIM (Alternative Investment Market) on the London Stock Exchange and on the Alt-X (Alternative Exchange) on the JSE. The company began exploration activities in Tanzania (100% of the Mbeya project in coal and other minerals which has been disappointing) but has since expanded to have interests in Mozambique (65% of the Benga coal power station, which they said in announcements on 30th January 2019 and 9th May 2019 was progressing well) and Botswana (85% interest in the Mabasekwa coal power project).
In its results for the six months to 30th June 2023, the company reported a loss of GBP1.8 million compared to a loss of GBP1.9 million in the previous period. The company said, "During July 2023, MED finalised and entered into a definitive and binding Joint Venture Agreement (‘JVA’) with an institutional investor-led consortium, with an initial expected total investment value of c. £5.9 million. The completion date of the JVA has since been extended twice due to unforeseen circumstances."
The main problem with this share is that it is extremely thinly traded, which precludes it for private investors. It is also in one of the riskiest areas of investment—energy exploration—and it is running at a loss. We can see no benefit in buying this penny stock unless you want to speculate.
On 7th June 2024, the company announced, "Partly conditional fundraise with gross proceeds of £500,000 raised at a placing price of 0.015p. Mohammed Ashraf proposed to join Kibo as Executive Director and Chief Executive Officer."
Overall, Kibo presents a high-risk investment opportunity in a volatile and speculative sector. The lack of liquidity in the share and ongoing financial losses make it unsuitable for most private investors. However, those with a high risk tolerance and an interest in speculative opportunities might consider it, keeping in mind the significant risks involved.
Write off Kibo Energy off your time wastersThese are the type of stocks that I don't even give one breath of a time to see.
Yes I'm doing that now, but the thing is there are MANY traders who think these are the stocks they can buy at 1 cent and hold to 4c - 400% return and this can lead to one of three ways.
1. You hold forever
2. You strike lucky and it actually does go there
3. It goes to 0 and gets liquidated and you lose your money
But as traders, these are time wasters.
There is no liquidity, no volume, there is no action.
I can't analyse this type of stock and this is purely for the savvy Penny Stock INvestors who have read the fundamentals, share ratios and have seen the proespects for a POTENTIAL future for the stock.
Other than that for traders - I leave it alone.
Our opinion on the current state of KBOKibo (KBO) is an African-orientated energy exploration company listed on the AIM (Alternative Investment Market) on the London Stock Exchange and on the Alt-X (Alternative Exchange) on the JSE. The company began exploration activities in Tanzania (100% of the Mbeya project in coal and other minerals which has been disappointing), but has since expanded to have interests in Mozambique (65% of the Benga coal power station which they said in an announcement on 30th of January 2019 and then on 9th May 2019 was progressing well) and Botswana (85% interest in the Mabasekwa coal power project). In its results for the six months to 30th June 2023 the company reported a loss of GBP1,8m compared to a loss of GBP1,9m in the previous period. The company said, "During July 2023, MED finalised and entered into a definitive and binding Joint Venture Agreement (‘JVA’) with an institutional investor-led consortium, with an initial expected total investment value of c. £5.9 million. The completion date of the JVA has since been extended twice due to unforeseen circumstances". The main problem with this share is that it is extremely thinly traded which precludes it for private investors. It is also in one of the riskiest areas of investment - energy exploration - and it is running at a loss. We can see no benefit in buying this penny stock unless you want to speculate.
KIBO 1D - THE DARVAS WAYSmall exploration company moving into the energy sector regarding natural gas projects , and has also now signed a coal deal with a Mozambican power station. Taking into consideration the vast oil and gas fields that are to be realised in the north, this is a cheap although non-liquid stock, watching the breakout of the darvas box this company could go places. A Good punt if you like. They are also listed on the Londen stock exchange if you want to go the offshore root, with their HO in Ireland.