The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Hani had to buy as his link to Mr KBBO was far too strong due to other KBBO business interests and Centurian Partners etc. I wonder whether this could impact on the Guggenheim KBBO joint venture? The repercussions are huge.
I sold all my BPC shares this week to get in on NMC (having previously got out almost 2 years ago). My BPC are up some 70% since December 2019 and if they find oil in the Bahamas they may shoot up. Currently selling at less than 4p a share!
I’ve had dealings with Mr KBBO and his wider organisation (http://www.kbbogroup.com/) is in pretty every sector and holds many government contracts across the GCC. If you read between the lines everything between KBBO / NMC / Finablr is interconnected with major links to KSA; UAE; Lebanon; Egypt in terms of family. Something tells me all of this will come together as Arabs do everything to “save face” and the impact across their other companies (including Emirates etc) would be huge.
If someone were to hypothetically have a previous major shareholder’s, and several other directors, personal contact details what question should this individual be asked?
I have met Mr KBBO x 4 times and Hani x 3 times in the past couple of years. Whilst from a wealth perspective they are in different leagues from a familial power perspective in the GCC they are similar. NMC’s got backing like very few companies and these backers are seriously connected. In my dealings with both it was clear every single deal was subject to significant due diligence however in saving face is crucial. This will not go under.
That’s interesting but I can’t see WHY they’d sell if the numbers are true and why they’d buy Aspen etc if they were planning on selling at such a reduced cost. The 2 majors could easily take NMC private if needed as part of their portfolios.