Member Info for JDwag

Great build up to Wednesday.

JD

Depends on who has bought the 25% IPO amounts and what they intend to do with it, if it’s IIs who intend to sit on them as an investment and let it grow for a period of time I’m struggling to see where the liquidity comes from?

I think you be looking at way short of <10% in free float that is tradable, and a good bit less than that in all reality. I will be trying to buy some myself on opening, but it could be a car pileup trying to bag some…

JD

RE: Generation and Standby, yes, this is why MAST will have a mixture, out of the 9Mw going on stream first I think they will be putting a “floor” on the pricing through the first 7.5Mws or so as Standby and leaving the rest 1.5Mw to provide for short use emergency generation, which from what I can gather, is where the real cash is and that’s when you start getting the crazy amounts to generate for a few short hours per night at short notice over winter, etc. to balance out shortfalls on the grid.

JD

I dare say the lack of promotion by #KIBO on #MAST is a dead giveaway IMO. They aren’t even bothering with any kind of promotion, it tells you that this was always marketed and pivoted towards IIs and PIs don’t really fit into the calculation here (which is good IMO) and the speed at which the 25% went also tells you how fancied it was by the IIs.

One of the reasons it will also fly on opening IMO, other than good market fundamentals, is the liquidity, with 75% held up by #KIBO and St Ant (neither can sell for 12 months as per the prospectus) how much of the other 25% is even in play if the IIs sit on them? Couple of percentage at most maybe? I think anyone with a view to getting lot of #MAST shares at listing will be surprised at how little they will get.

JD

To Speculate…

It’s hard to know what #MAST will do on listing, comparing it to its peers that have listed lately (with no earnings in sight) they are trading at multiples to #MAST’s MCAP on Listing of £23.5m, trying to put a real number on #MAST you could try and put a 12 month future earnings P/E Ratio on #MAST based on the first 50Mw they have earmarked for production in the next 12 months, basing it off £5k per month / £60k profit per Mw / per year (their website numbers) you could be looking at £3m profits looking ahead for 12 months, at a lofty P/E Ratio of 20 (there are much higher than that out there in this field) you could be looking at a £60m MCAP Company which goes up if their pipeline is exciting.

It’s rather easy to see it going very well at opening.

JD

The gap and the trading strength in JSE / SA is unusual, I’m hoping (and it’s just conjecture on my part) that with them being closer to the company that the move there may be based on more than just #MAST. Maybe a rumour or leak on one of the African projects?

JD

There’s no doubting it, he has it all to prove, he’s produced no shareholder value at any point in his corporate life as far as I can ascertain. He has many, many failings as a corporate entity, not least what he has allowed to happen to the share register here.

But as the below points out, the past performance of a company is no guide to its future, some shocking shares have done nothing for years and have simply taken off one day. My on “finger in the air” take on MAST is it will rocket on day dot. After that? It could come back to earth or it rocket again, I take peace in the fact Coetzee won’t be running things day to day, let’s put it that way, and I bet the folks who ponied up £5.5m probably felt (insisted) that way too…

JD

flying on JSE.

JD

What’s the issue? They (KAT) drilled a prospectus site and found nothing but rocks. It’s Junior Exploration, you take pay your money and you take your chances, we all know the risk / rewards with drilling.

JD

Approx. 0.95p / 100%+ above AIM!

The movement is interesting on JSE as it’s based over the last two weeks with the volumes to match, it’s typically a lifeless Bourse, JSE, you barely get any volumes and the spreads are typically 50%+, to see a tight spread, volumes and an upwardly trending SP over a couple of weeks is unusual, historically for Kibo anyway.

JD

https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=KIBO.GB

Nearly 7 million in buys over on Aquis, this should start to move shortly.

JD

https://promotion.clearcapitalmarkets.co.uk/mast-energy-developments-ipo?s=EMAIL&s2=XXX&mc_cid=9d9836a048&mc_eid=0337bfa1a9

Hopefully the next week is full of good promotional goodies...

JD

Firstly, what I say here is just an unscientific opinion. Always DOYR.

Considering what sector it's in, what it's prospectus is touting, being instantaneous revenue generating, and the sheer lack of liquidity, I'm expecting it to rocket on open and go way past its IPO £23m MCAP. I'm expecting a massive re-rate here and that's just based on MAST.

You pay your money and you take your chances.

JD

I think there is a very good chance!

JD

https://www.current-news.co.uk/news/uk-needs-almost-50gw-of-flexibility-to-reach-100-renewables-at-lowest-cost

Describes #MAST and its business perfectly, the growth should be exponential.

JD

Agreed, CF, we are a good Moz update and MAST Listing away from a serious bump up here IMHO.

I’m trying to dampen my enthusiasm on MAST, as to not be disappointed, but I expect it to rocket on 14 April, I must admit, every other listed company similar to it recently suggests it will go “Tonto” on opening.

JD

“The current pipeline stock of sites that MED currently have access to is:

9 MW Project
5 MW Bordersley
40 MW (2 by 20 MW) in negotiation Under Cover of Heads of Terms
6 MW Option/Lease Agreement secured
11 MW Under negotiation and to be confirmed on successful listing

Phase 1 Pipeline Total 71 MW

Pipeline; - Further Phases

As mentioned before, MED interfaces with developers at all levels of site development and the following sites are currently under review as part of MED Business Development plans:

3 by 6 MW RP Shovel ready sites;
1 by 50 MW RP site; and
6 by 50 MW RP sites in varying stages of development.”

Given the above (from Section 3 in the Prospectus) and potential news streams with Battery Storage from ESS this should be a home run for Kibo Shareholders, as someone said below, given other Energy Companies recently, this should go gangbusters when it lists…

https://med.energy/wp-content/uploads/2021/03/MAST-prospectus-IPO.pdf

JD

https://med.energy/wp-content/uploads/2021/03/MAST-prospectus-IPO.pdf

Full disclosure is contained in the attached link, there is no hiding places here, it’s very detailed!

The Net Placing Proceeds of £4,745,000, being the £5,540,000 Gross Placing Proceeds less the £795,000 Cash-Settled Transaction
Costs, will be used to fund:
• capital expenditure to further develop the Bordersley Project under a joint development agreement with AB Impianti S.R.L,
including constructure of the reserve power plant and infastructure required for the site to be operational - £1,140,000;
• Project 2 (9MW in Alferton Derbyshire) cash acquisition costs, including cash consideration, associated costs and expenses
for the acquisition if and when binding terms are entered into - £1,500,000;
• Project 3 (6MW in West Midlands) cash acquisition costs, including cash consideration, associated costs and expenses for
the acquisition if and when binding terms are entered into - £180,000; and
• operating costs of the Group - £1,925,000

JD

FYI the £5.5m raised is for general working capital / administration and is expected to last at least 18 months. This is how it was sold to the investors who ploughed the money in. I got this first hand from Clear Capital whom I enquired into about it. DYOR.

The money for the projects themselves will come through project level funding and mezzanine debt, as per previous RNSs on this subject.

I’m more than hopeful of a large gap up on Listing Day, but you are right to question the absolute detail on how the projects are funded such as interest rates / debt arrangements and parties, this needs full disclosure immediately after listing.

JD

https://www.solarpowerportal.co.uk/news/statkraft_announces_125.5mwp_of_new_uk_solar_sites

Our PPA Partner (Statkraft) widening their UK footprints...

JD