Member Info for Slift

Would be good to get a Pyebridge update!

Anyone heard anything on the performance of this?

With Kibo ownership down to 48.35%, and MAST no longer being a subsidiary of KIBO..

What are the chances of a takeover offer for MAST (and it's subsidiaries)?#

Chances are, majority shareholder here is still probably controlled by KIBO (Kibo ownership + director ownerships), but just a thought.

I'm sure a significant amount of buyers would be there for the ready-to-construct projects owned by MAST.

At £3.5m market cap.. This is looking extremely cheap when the JV values MAST projects at £9.6m

It's no secret that LC at the helm has negative impacts to the operation of this company and it's shareholders..

But, the flagship Pyebridge asset is all worth investing for.

Should MAST want, they should EASILY be able to sell the Pyebridge asset for £5-6m+.

The fact that MAST have secured alternative JV partner with binding agreement in such a short notice, with NO CHANGES to terms is simply a testament to this flagship asset.

It really goes to show the value of assets in MAST's ownership (including assets in development). These assets will optimise value for shareholders (should they be developed efficiently with good cost control by management).

Https://proventureholdings.com/

Here's some information about the Founder of Seira Capital Ltd:

https://in.linkedin.com/in/tsrinivas1

Ok so now that things have settled down..

It's no secret that this first JV is for Pyebridge asset.

So MAST has sold Pyebridge to JV for £3.4m, whilst keeping 25% stake and future CAPEX and OPEX paid for (ofcourse there is a profit offset until investment is recovered).

But as it stands, the deal values Pyebridge at £4.5m. MAST is paid £3.4m in cash, and retains £1.1m worth of Pyebridge in JV via 25.1% stake.

There is also £2.5m injected into JV for CAPEX. At 25.1% stake, this is £627.5k to MAST (indirectly).

This is £5.1m to MAST, not accounting for MAST's other projects.

In comparison to Mcap, this company is significantly undervalued.

If there is this interest by investors for Pyebridge, there's a good chance that MAST's other projects are also as worthy.

The fact that MAST are obliged to reduce debt is significant good news for shareholders.

Excellent RNS

In the latest RNS for Kibo, they have still stated that their shareholding here is 57.86%.. when it is infact 54.18%..

I'd love to know the latest major shareholders in this company. When will we ever get an update?

Talks are still ongoing.

If the agreement has fallen through, it would have been an RNS as it is material news.

The JV agreement talks had been going on for months prior to the announcement. Would be interesting to know the final outcome and the final agreements.

On the plus side, Pyebridge must be bringing in good revenue recently with the constant energy demand and little wind energy in summer months to support the demand in the UK.

It's no secret that MAST had run out of money at year end. This was provided in the results, that was submitted at the end of April.

MAST had the opportunity to borrow from the development loan and only borrowed £100k.

They must be very confident regarding the JV agreement.

Either way, we will see.

Slift.

Lots of shares have changed hands recently.

But no TR reports. Strange.

For example, the individual loan investor now has over 5%. But no reports.

Even pump and dump.. someone has ended up with the shares.

150m+ volume over the past few days.

Where has it all gone? Shares have definitely traded hands and either people are trapped or they're being hoarded.

On Friday, the institutional lender will have 5%+ shares in allocation.

Hopefully a holdings RNS is released.

Following today's equity issue, the institutional lender can convert up to £275,136 worth of principal amount into shares should they wish to.

Either way, loan is reduced, Kibo holding is reduced.

HH,

The warrants are exercisable 1.5-2 years time at 2-2.7p. Definitely not "1p odd" if you read the agreement.

That makes todays shares look cheap.

Oh, also forgot to add:

As per the Reprofiling agreement, the individual lender can convert up to £250-300k more of the outstanding amount into shares in the near term.

Insignificant.

Hi HeresHopin,

"The Reprofiled Amount includes the aggregate outstanding principal and accrued interest amounts of £729,750 on the Loans"

It's £729,750 including interest accrued.

Following the latest issue, £645k remain.

The loans are 10% annual interest.

The RNS reads like £34k interest has been accrued on £50k capital. But this is not true. £34k is the total interest accrued to date on the loans.

So following the share issue, all interest has been repaid, and the total outstanding capital value of the loan is £645k.

Of course, this outstanding value will accrue interest at 10% annum on a quarterly basis.

Hope that clears everything.

Looking at Tranche 1 following JV agreement which is the near term:

- £3.7m paid directly to MAST

- £11m in Capex cost provided to JV (Mast to own 25.1% - £2.76m).

So Tranche 1 alone is worth £6.5m to MAST.

This doesn't even include MASTs current portfolio yet (Pyebridge, Bordesley, etc.).

This share is very very undervalued at the moment.

GLA to all genuine long term holders who have been through the dark times in the past.

This will continue to rise until the implementation of the strategies and increase in revenue generation.