Member Info for airborne

2m shares bought there in five mins - for KLKI or a PI?

I like the numbers! I was looking at something c.20pps. The reverse into this has to provide a real P&L benefit to KLKI - so their 5p investment would likely have at least a four-fold expectation on it from their FP&A / financial committees.

so someone is slowly picking up shares and taking them off market. I would suspect (reasonably) that KLKI have a mandate to remove the free float to increase their ownership whilst cheap. Or someone else is taking them because they know what this will do in a fairly short order and their broker is dialled in to picking up whilst so low. I would conclude that holding your shares now is the right thing to do, with such a short time frame for KLKI to realise their 5p purchasing of c.62% of the book.

After hours patterns are screaming out that someone is taking shares out:

15/10 - 2x 596,344 @ £3697 ea.
14/10 - 1x 150,000 @ £900
13/10 - 2x 319,578 @ £1,981 ea.
12/10 - 2x 587483 @ £3695 ea.
9/10 - none
8/10 - 2 x 500,691 @ £3630 and 1x 500000 @ £3375

That’s the aim-way right? Like a pack instinct to launch into something for fear of being left behind. The early adopters are always the winner in the low cap markets

Agreed - all trades yesterday went through at 0.6, so I think we’re there. Will be curious to follow the timeline for when this picks up and shifts north.

I can’t see that low personally, but this is aim so...!

I’d expect KLKI to be squeezing out any shares they can get into their hands, hence the negative pattern when looking at the buy to sell ratios over the last three weeks. This is a controlled drop and not on market mechanics - so I still believe there is something good ahead. Indicator would be KLK dumping in volume (but why would you bin £2m of recently bought shares when you have $46m in taxable discounts to maximise!).

Agreed - the true value will be realised once the decision on RTO Is conformed by 10 Dec. I don’t think it’ll go to the wire, so that information should be forthcoming fairly soon on intentions (I need to swat up on required timelines etc).

EPO is a crude palm oil producer founded in 2005 which, through its 50% interest in Liberian Palm Developments Limited (‘‘LPD’’), a company incorporated in Mauritius and its subsidiaries, has 50-year concessions to develop approximately 86,000 hectares in Liberia, West Africa, of which 3,750 hectares are currently planted with oil palm.

KLKI became EPO’s joint venture partner by acquiring a 50% interest in LPD. Subsequently KLKI acquired a 20.1% shareholding in EPO and subscribed for an additional 34.7% which, under the Takeover Code, required KLKI to make a mandatory cash offer for EPO. As a result of this offer, which valued EPO at £17.7m, KLKI now owns 63.2% of EPO.

Posted to point out the scale-up possible for EPO in Liberia and also how much KLK now hold

KLK have put too much cash up already to buy a controlling stake to then ignore the $46m in taxable offset. It’s going to make a move north from this point - to what level is the question. Timeline for enacting plan is by 10 Dec - so not too long in RTO terms.

Pattern of decent buys being printed after hours each day - someone is clearing up on the sells coming through.

Apologise for the slow reply - been up the hills today. I’m looking at the fundamentals on this and it seems primed for a kick. If KLK put down 5p a share, it’s got something like 8 bags to reclaim. MTFB I think topped 40 from
their low - so where is our low? Here or a bit lower? Not sure any much lower as KLK would be taking the opportunity to pick up surely? They’ll have certainly bought into this to maximise the taxable offset (c.$50m isn’t it?) and so I expect something sizeable to reverse into this. Calm and sensible holders will maximise their returns and I expect at least 5 bags as my objective.

My curiosity remains high with this share. 2 calendar months to make their moves or they have to delist, a huge sum of tax offsets available to KLK and someone keeps picking up moderate sums every few days. Are they being taken by KLK or someone with the wits to know this’ll make a respectable move (is it another MTFB?).

Likewise. Very clear situation unfolding on PI clear out (the weak and the day traders) and then this will start to shift at pace. Few will try and trade the day but I bet there will be none available.

Another wedge of shares (what - c.8% yesterday?) will disappear off market today - betcha! This is going to go north at a rate once people cotton on to holding for proper gains...

Bet this week goes something like... mon - calm. Tue - some noise. Wed - boom. Thu - sl*tdrop. Fri - shares taken off table in big lumps.

Looked through their back catalogue of RNSs, looked up the GM and the general pattern of tiny free float and them being taken out of PI hands, suggests this has lots of legs yet! I’d be borrowing everything I could from KLK treasury to get these off the open market at 1.2p when we threw money at it at 5p. Their FP&A team will be all over this!!!

Well someone has gone in for £10k (in four chunks) this morning. Will be interesting what today’s pattern does look like - three days of 40% and then finish flat?!

Will be interesting to see if a daily pattern forms. I do think a progressive steady trend will occur. With such a small free float - this will be prone to big swings. The tell will be those larger transactions hoovering up shares, in line with expectation for the RTO

Off to Tenet tomorrow night. Funny setup that sees every seat around me blocked off, but in I go. Will be expecting this to keep ticking up a few percent every day for the next fortnight. This is a great recovery play.