PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

Pin to quick picksKibo Energy Share News (KIBO)

Share Price Information for Kibo Energy (KIBO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.035
Bid: 0.03
Ask: 0.04
Change: -0.0025 (-6.67%)
Spread: 0.01 (33.333%)
Open: 0.035
High: 0.0375
Low: 0.035
Prev. Close: 0.0375
KIBO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: CMO battles construction sector headwinds

Mon, 08th Jan 2024 10:20

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

----------

AIM - WINNERS

----------

Celebrus Technologies PLC, up 8.6% at 233.51p, 12-month range 155p-242p. The data management platform celebrates several new contract wins in its third quarter ended December 31. The first is a three-year deal with a European retailer of experience gifts, which intends to use the Celebrus Cloud platform to "help drive better engagement with customers [and] build compliant marketing profiles about those customers". This is a new customer. The second is with an existing "global" banking customer, which has renewed its multi-million dollar annual licence for a further three years. The third is with a UK bank, which has signed on for the full Celebrus platform in a three-year multi-million dollar contract. The fourth contract is with a new customer in the US healthcare sector. Says the four contracts reinforce its confidence in meeting market expectations for financial 2024.

----------

AIM - LOSERS

----------

CMO Group PLC, down 13% at 24p, 12-month range 15.45p-29p. The online building materials retailer warns "ongoing economic challenges" to the construction sector will hamper annual results. Sales for 2023 are expected to be broadly in line with expectations at around GBP71.5 million. This represents a 14% drop from revenue of GBP83.1 million in 2022. Adjusted earnings before interest, tax, depreciation and amortisation is expected to be around GBP1.0 million for the full year, halved from GBP2.1 million. CMO attributes these results to an ongoing discretionary consumer spending lull, leading to below average order volume in late 2023. Will release annual results in early May. "With macroeconomic headwinds continuing to impact the construction sector, we proceed with caution for the outlook for full year 2024, but remain confident in our model and strategy to take the business forward, and our ability to deliver profitable progress," says CEO Dean Murray.

----------

Kibo Energy PLC, down 6.7% at 0.035p, 12-month range 0.04p-0.15p. Says subsidiary Mast Energy Developments PLC's partner Proventure Holdings (UK) Ltd still has not made a partial initial interim payment required under their joint venture agreement. Mast is in "advanced" discussions over an alternative source of short-term funding to ensure that any further delays regarding the joint venture agreement "will not unduly" hurt Mast's ability to meet its working capital needs. Proventure failed to transfer of the first GBP1 million payment by no later than December 29. A second payment of GBP1 million is scheduled be transferred by no later than this coming Thursday. The original deadline the interim payment of GBP2.0 million was November 10. Kibo is a Galway, Ireland-based company with energy projects in Africa and UK. It owns 48% of Mast Energy, whose shares are down 16% to 0.40p.

----------

By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
29 Sep 2022 12:04

Kibo Energy to spin-out renewable, clean energy portfolio

(Sharecast News) - Kibo Energy is proceeding with a proposal for an initial public offering to be named Ultimate Sustainable Energy (USE), it announced on Thursday, as part of its corporate strategy towards "significant" renewable and clean energy developer status.

Read more
29 Sep 2022 11:24

AIM WINNERS & LOSERS: Attraqt agrees buyout; Pathfinder surges

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
29 Sep 2022 09:00

Kibo Energy to spinout renewable energy generation assets through IPO

(Alliance News) - Kibo Energy PLC said on Thursday it was proceeding with a proposal for an initial public offering of its "spinout" named Ultimate Sustainable Energy Ltd.

Read more
23 Sep 2022 10:42

IN BRIEF: Kibo Energy shares down on widened interim loss

Kibo Energy PLC - Galway, Ireland-based energy company - Posts revenue of GBP305,384 in the six months to June 30, compared to none a year ago. Pretax loss widens to GBP2.0 million from GBP1.8 million, as administrative expenses increase by 9.1% to GBP1.2 million from GBP1.1 million a year ago.

Read more
21 Sep 2022 14:01

Kibo Energy acquires UK waste to energy project for GBP600,000

(Alliance News) - Kibo Energy PLC on Wednesday said it has agreed to acquire an advanced UK waste to energy project based in Southport, England.

Read more
16 Sep 2022 14:13

IN BRIEF: Kibo Energy postpones AGM after system voting difficulties

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Postpones its annual general meeting due to difficulties voting through the Euroclear system experienced by several shareholders. The company received requests from some shareholders to adjourn Friday's AGM. The meeting will reconvened no later than October 28.

Read more
9 Sep 2022 16:10

UK shareholder meetings calendar - next 7 days

Monday 12 September 
Haydale Graphene Industries PLCGM re fundraising
SDCL Energy Efficiency Income Trust PLCAGM
Warehouse REIT PLCAGM
Tuesday 13 September 
Alpha Financial Markets Consulting PLCAGM
Industrials REIT LtdAGM
Mercia Asset Management PLCAGM
R&Q Insurance Holdings LtdSGM
Rockwood Strategic PLCAGM
Wizz Air Holdings PLCAGM
Wednesday 14 September 
Augmentum Fintech PLCAGM
B90 Holdings PLCAGM
Best of the Best PLCAGM
Dev Clever Holdings PLCAGM
Fulcrum Utility Services LtdAGM
Grafenia PLCAGM
Hornby PLCAGM
Marlowe PLCAGM
Purplebricks Group PLCAGM
Sutton Harbour Group PLCAGM
Thursday 15 September 
Altitude Group PLCAGM
Auto Trader Group PLCAGM
Blue Planet Investment Trust PLCAGM
Civitas Social Housing PLCAGM
finnCap Group PLCAGM
FRP Advisory Group PLCAGM
Kinovo PLCAGM
PetroTal CorpAGM
Predator Oil & Gas Holdings PLCAGM
Real Estate Credit Investments LtdAGM
Ryanair Holdings PLCAGM
Sosandar PLCAGM
Supreme PLCAGM
VSA Capital Group PLCAGM
Friday 16 September 
Baillie Gifford US Growth Trust PLCAGM
Gowin New Energy Group LtdAGM
Kibo Energy PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
25 Aug 2022 13:11

Kibo Energy to investigate replacing coal with specific biofuel

(Sharecast News) - Kibo Energy has initiated a process for requests for proposals to investigate the feasibility of replacing coal with renewable biofuel in its power projects, it announced on Thursday.

Read more
25 Aug 2022 12:23

Kibo Energy eyes move away from coal-fire plants into renewable fuel

(Alliance News) - Kibo Energy PLC on Thursday said it is investigating the feasibility of being able to power its coal-fired plants with renewable biofuel.

Read more
29 Jul 2022 15:00

IN BRIEF: Kibo Energy receives Mast Energy shares as loan repayment

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Receives 28.7 million new shares in Mast Energy Developments PLC at a price of 3.48 pence each, to partially settle GBP1 million of the outstanding shareholder loan owed to Kibo's subsidiary Kibo Mining Cyprus Ltd.

Read more
14 Jul 2022 17:14

LONDON MARKET CLOSE: Stocks red on potential full-point hike in US

(Alliance News) - Stocks in London closed in the red on Thursday after markets across Europe slipped after the European Commission slashed its GDP forecast for 2022 and investors saw a difficult start to the US earnings season.

Read more
14 Jul 2022 11:16

AIM WINNERS & LOSERS: Kibo extends contract; Appreciate CEO steps down

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
14 Jul 2022 08:28

IN BRIEF: Kibo Energy extends waste-to-energy agreement to 20 years

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Extends to 20 years from 10 years the waste-to-energy power purchase agreement that was first announced back in February. The agreement outlines the construction, commissioning and operation of a 2.7 megawatt plastic-to-syngas power plant to generate baseload electricity for an industrial business park developer in Gauteng province, South Africa. The project is the company's first under its joint venture, Sustineri Energy, in which Kibo Energy holds 65% and Industrial Green Energy Solutions (Pty) Ltd holds the balance.

Read more
7 Jul 2022 08:04

IN BRIEF: Kibo hits critical strategic milestone in CellCube agreement

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Announces it has achieved its first major framework agreement target by placing the first commitment to purchase the first two proof of concept projects. These projects relate to its signed strategic five-year framework agreement with CellCube to deploy long-duration energy storage in Southern Africa.

Read more
4 Jul 2022 08:17

IN BRIEF: Kibo Energy extends redemption date of instrument

Kibo Energy PLC - group with energy projects in Africa and UK - Agrees with all remaining noteholders on a further extension of three months to the redemption date of convertible instrument. The redemption date is now September 30, including notes in aggregate of GBP657,985.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.