A significant investment opportunity?14 Oct 2021 20:16
Who knows right…?
Yet a very interesting share / post from a respected investor & fellow significant holder also who can’t be a r s e d to post here for obvious reasons…
‘WH Ireland note on Mast from last week - valuation of 30p per share!
Which would mean 30m worth liquid assets on KIBO balance sheet, with KIBO market cap of 5m!
Forecasts/financials: In our view, MAST provides a crucial part of the jigsaw in relation to the intermittency problems anticipated as a result of energy transition. Brought to the market in April 2021, this is a new company providing an envelope for a growing number of integrated assets, with the intention of building a mix of repeatable long-term earnings deriving from the so-called Capacity Market and shorter-term business streams. Based on projected MW volumes, and taking into account the company’s expected £5,000 per MW net profit per month at site level, viewed as an industry benchmark, we see both a predictable profit stream (outlined below) based on existing projects, and a huge opportunity as the company progresses towards its much larger targets. In time, this should throw off double-digit £m annual cashflow pre-central costs. Our current 12-month SOTP fair value calculation is 30p’.
Adding significantly based on my own research into next week, what are the views of authentic or balanced investors with vision here… ignoring the obvious agenda & filtered losers?
Cheers Dave