Latest Share Chat

Kibo Energy Share News (KIBO)

Kibo Energy Information

Buy KIBO Shares
Add KIBO to Watchlist
Add KIBO to Alert
Last checked at -

This share is currently suspended. It was suspended at a price of 0.012

Share Price Information for Kibo Energy (KIBO)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 0.012

Bid: 0.00

Ask: 0.00

Change: 0.00 (0.00%)

Spread: 0.00 (0.00%)

Open: 0.00

High: 0.00

Low: 0.00

Prev. Close: 0.012

IN BRIEF: Kibo unit Mast Energy starts to revamp second generator set

Tue, 20th Aug 2024 10:35

Mast Energy Developments PLC - developer of reserve power generation plants - Starts to refurbish its second generator set, or genset, at its Pyebridge flexible power plant in Derbyshire, England. Says RiverFort Global Opportunities PCC Ltd has agreed to provide GBP1.1 million to fund this second genset overhaul, as part of a third advance against the project finance agreement. In February, RiverFort committed to an initial funding facility up to GBP4.0 million.

The first refurbished genset started commercial operation early last month. Once the work on the second genset has been completed, Pyebridge will have two 2.7-megawatt refurbished gensets operating and generating at optimum capacity and performance, Mast says. The plan remains to overhaul the remaining third genset in due course.

Kibo Energy PLC holds a 55% stake in Mast Energy.

Current Mast stock price in London: 0.17 pence, up 3.0% Tuesday morning

12-month change: down 89%

Current Kibo stock price in London: 0.013p

12-month change: down 79%

Current Kibo stock price in Johannesburg: 0.01 rand cent

12-month change: down 50%

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

5 Jul 2024 07:41

IN BRIEF: Kibo Energy names Cobus van der Merwe as chief executive

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Appoints Cobus van der Merwe as an interim chief executive officer. Van der Merwe is the chief financial officer. Says Louis Coetzee retires as the CEO. These board changes are effective immediately and are partially completed. Notes that Clive Roberts will be appointed to the board in due course when regulatory approval is completed. Late last moth, Kibo named Roberts, a shareholder in Kibo, as a non-executive director and chair.

1 Jul 2024 11:51

Kibo Energy suspended from London's AIM; Mast Energy eyes acquisition

(Alliance News) - Kibo Energy PLC said on Monday London's AIM temporarily has suspended trading in its shares on Monday for failing to publish accounts & admission of the placing shares by Sunday.

27 Jun 2024 12:21

IN BRIEF: Kibo Energy raises GBP350,000 through share placing

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Conditionally raises GBP350,000 via a placing of 4.17 billion new shares at 0.0084 pence each. The entire placing has been raised through the investor Peter Sion Williams. The placing shares will be settled in two tranches, with 1.78 billion shares settling immediately. Says 2.38 billion shares will settle after shareholder at a general meeting to be held as soon as possible after settlement of tranche one.

25 Jun 2024 08:28

IN BRIEF: London's AIM to suspend Kibo Energy due accounts delay

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Reports that London's AIM will suspend trading in its shares from Monday for failing to publish accounts & admission of the placing shares by Sunday. Says it is working "diligently" to have the accounts ready for publication at the end of July to early August.

20 Jun 2024 13:13

Kibo Energy chair & CEO to exit amid board shuffle and fundraise

(Alliance News) - Kibo Energy PLC on Thursday said Interim Chair & Chief Executive Officer Louis Coetzee will step down and two new members will join the board as it tries to relaunch its restructuring plan.

13 Jun 2024 10:39

AIM WINNERS & LOSERS: Kibo Energy up as subsidiary advances project

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

13 Jun 2024 08:21

IN BRIEF: Mast Energy says Pyebridge plant overhaul progressing well

Mast Energy Developments PLC - developer of reserve power generation plants - Expects the first generator set at its 9-megawatt Pyebridge flexible power plant in Derbyshire to start commercial operations and revenue generation around end of this month, in line with the expected timeline. The second phase work programme to refurbish this first genset is progressing well, Mast says. Back in April, it had said the phase two work would be performed in separate consecutive tranches and was expected to take around six to eight weeks per genset.

12 Jun 2024 16:04

Kibo Energy changes tune on "extensive" corporate restructuring

(Alliance News) - Kibo Energy PLC on Wednesday walked back the corporate restructuring plan, including a board overhaul and capital raise, it unveiled less than a week ago.

7 Jun 2024 20:12

IN BRIEF: Kibo Energy's joint broker Shard Capital Partners resigns

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says Shard Capital Partners LLP resigns as joint broker Friday. Hybridan LLP and Global Investment Strategy UK Ltd remain as the company's brokers.

7 Jun 2024 17:01

LONDON MARKET CLOSE: FTSE 100 falls as US rate cut hopes take hit

(Alliance News) - Stock prices in London closed lower on Friday, with hotter-than-expected US nonfarm payroll data shooting down hopes of interest rate cuts in the US.

7 Jun 2024 08:16

Kibo Energy shakes up board, issues shares and may delist from JSE

(Alliance News) - Kibo Energy PLC on Friday announced a corporate restructuring that involves a board overhaul, capital raise and repositioning of the group.

21 May 2024 08:45

Kibo unit Mast Energy mulling options against joint venture partners

(Alliance News) - Mast Energy Developments PLC said Tuesday it is considering various options after Proventure Holdings (UK) Ltd failed to "remedy" its "material breach" of the joint venture agreement.

7 May 2024 09:20

Mast Energy shares tumble after new share plan and loan deal

Mast Energy Developments PLC said on Tuesday its Chief Executive Officer Pieter Krugel will partially settle GBP325,000 loan with RiverFort Global Opportunities PLC, the institutional lender, under a "reprofiling agreement".

30 Apr 2024 10:53

Mast Energy annual loss widens on Pyebridge plant setback, high costs

(Alliance News) - Mast Energy Developments PLC on Tuesday reported that its annual loss worsened after its 9-megawatt Pyebridge flexible power generation plant ran into technical and market related challenges.

26 Apr 2024 08:30

IN BRIEF: Kibo unit Mast Energy passes satisfactory performance test

Mast Energy Developments PLC - developer of reserve power generation plants - Receives official confirmation that its 9-megawatt Pyebridge flexible power plant has passed its "satisfactory performance days" requirements under its current existing T-1 capacity market contract. This means that Pyebridge will retain the current capacity market contract's associated annual gross profit margin income of GP308,000, which is paid and received monthly in arrears.

Latest Share Chat

Kibo Energy Share News (KIBO)

Share Price Information for Kibo Energy (KIBO)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Kibo unit Mast Energy starts to revamp second generator set

Please enter at least 2 characters

No results found

Search results

Trending

Login to your account

Quickpicks are a member only feature

Login to your account