Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on KIBO MINING PLC. We currently have 24 research reports from 3 professional analysts.
|02Dec16 07:00||RNS||Update on Acquisition by Opera|
|30Nov16 07:00||RNS||MCPP Update: Integrated Financial Model Completed|
|21Nov16 07:00||RNS||MCPP Update: Collaboration Agreement with GE|
|01Nov16 07:00||RNS||MCPP Update: Kibo Receives Final Commercial Bids|
|13Oct16 07:00||RNS||Agreement of Development Costs for MCPP|
|27Sep16 09:00||RNS||Half-year Report|
|23Sep16 08:00||RNS||MCPP Update: Date Extended to Finalize Agreement|
Frequency of research reports
Research reports on
KIBO MINING PLC
KIBO MINING PLC
Small Cap Breakfast
02 Dec 16
Big Sofa Technologies— Schedule 1 from the b2b technology company providing video analytics at an enterprise level. Seeking to complete RTO of unlisted HubCo investments. Raising £6.1m. Target date 19 December. ECSC—Schedule 1 from provider of cyber security services. Raising £5m. Vendor sale £0.8m. Target date 14 Dec. Expected market cap £15m. RM Secured Direct Lending - The secured direct lending fund intends to float on the Main Market on 15 December raising up to £100m Creo Medical Group - UK based medical device company focused on surgical endoscopy, a recent development in minimally invasive surgery. Admission due 7 December. Fundraising details TBA.
22 Nov 16
"Chancellor Philip Hammond's first Autumn Statement, which is due tomorrow, now looks to be a rather unexciting event. Having abandoned Osborne's proposal to deliver a budget surplus by 2020, early hopes of him taking his foot right off the austerity pedal with a view to heading-out on a spending spree, pumping money broadly into infrastructure, corporate and other private incentives, appear to have been misplaced. Speaking on the BBC's weekend Andrew Marr Show, his tenor even reminded some of his predecessor, when stressing economic "credibility" was key, while reminding viewers that the UK's debt was still "eye-wateringly" large and that any plans must be "responsible". Indeed, the IFS even suggests Hammond should "prepare for more austerity" in the next parliament, given that debt as a share of national income has risen close to 90%. So, other than detailing the £1.3bn to target congested roads that has already been leaked (with key beneficiaries being Atkins (ATK.L), Breedon (BREE.L), Costain (COST.L), Hill & Smith (HILS.L) and Kier (KIER.L)), the Statement is likely to centre on existing major projects like HS2, Theresa May's extra £2bn investment in R&D and the already announced £3bn housing fund (potentially boosting the major housebuilders) plus £2bn loan fund to pay for 15,000 new homes by 2020, by which time corporation tax will also have been cut back to 17%. It seems rather unlikely that he will propose any increase of existing income tax allowances, raise the threshold for higher-rate payers or cut VAT. Anti-climax could be seen through a spate of profit taking following Sterling's recent rally. The US session by comparison closed with gains across the board yesterday as the S&P-500, Dow Jones and NASDAQ all hit new record highs. By the session close, however, Trump was telling the media he planned to stick with hi election pledge to quit the TPP on his first day, meaning the US will walk away from seven years of careful negotiation, which many see as effectively handing the baton to China who was not part of the original pact. Asia, however, took the news in its stride with all regional bourses making gains led by the Hang Seng and ASX as oil prices rallied as hopes of a production cut being agreed at next week's OPEC meeting rose, while even the Nikkei recovered early losses following news of the earthquake off its east coast Tuesday morning. As a result, Europe looks to follow suit with broad gains being seen during early morning trade, despite ECB top officials warning that it is not yet ready to scale back its EUR1.7TR bond-purchase and stimulus programme; the FTSE-100 is seen opening up some 45 points. This morning's UK macro releases include Public sector finances and the CBI quarterly Distributive Trades Survey. UK corporates due to release earnings or trading updates include Babcock (BAB.L), CML Microsystems (CML.L), Compass Group (CPG.L), De La Rue (DLAR.L), Homeserve (HSV.L), Kingfisher (KGF.L) and Mitchells & Butler (MAB.L). Traders will also be keeping an eye open for any news later today, as David Davis, the Brexit secretary, meets with the EU's chief negotiator, Michel Barnier, in Brussels today in an effort to prepare for an 'orderly' exit." - Barry Gibb, Research Analyst
01 Nov 16
Since our last outlook note, Quadrise has begun to supply MSAR for extended LONO sea trials, paving the way for commercial adoption from calendar H217 onwards. In August it signed a memorandum of understanding with clients in the Kingdom of Saudi Arabia (KSA), which is a key enabler for progressing the production-to-combustion pilot there. In October it completed a placing and open offer raising a total of £5.25m (gross). This should enable it to transition comfortably to the commercial phase on successful completion of the LONO and KSA trials.
GTL transaction not going ahead
01 Dec 16
Intelligent Energy (IEH) has announced that the deal to acquire the Energy Management Business of GTL will not now be consummated. The move leaves management free to concentrate on driving sales of commercially ready B2B products, which is a key element of its strategy. We adjust our FY17e revenue estimate while leaving our pre-exceptional losses and cash-flow forecasts unchanged.
GMP FirstEnergy ― UK Energy morning research package
30 Nov 16
Gran Tierra (GTE CN)1, 6; BUY, C$5.50: Equity financing and acquisition of two blocks from Ecopetrol | Northern Petroleum (NOP LN)1; SPECUATIVE BUY, £0.15: Farm out and equity issue | President Energy (PPC LN) (not covered): IFC Equity Subscription | Primeline Energy (PEH CN) (not covered): 2Q16 Results ended 30 September 2016 | Faroe Petroleum (FPM LN)6 ; BUY, £1.20: Oda update in Norway | Jersey Oil & Gas (JOG LN)1 ; Under Review: Placing | SacOil (SAC LN/SCL SJ)1 : SPECULATIVE BUY, £0.016, Trading Update
24 Nov 16
Quixant* (QXT): Gaming gains (CORP) | SCISYS* (SSY): Bringing good news from Germany (CORP) | Hayward Tyler Group*: Contract wins (CORP) | Sound Energy (SOU): TE-7 flow rate and fund raise (BUY) | Water Intelligence* (WATR): Growth and improving returns in a defensive market (CORP) | Imaginatik* (IMTK): Interim trading update (CORP)
Operating profits and net cash position – restored; market outlook – precarious
01 Dec 16
The turnaround was noticeable Lonmin’s full-year (September-ending) results were ahead of consensus and AV’s estimates. Sales came in at $1.1bn (-14% yoy) as the average realised (USD-denominated) PGM prices and sales volumes were down yoy 12% and 2%, respectively. However, platinum sales (736koz) were much ahead of earlier guidance (700koz) – thanks to certain smelting/processing efficiencies, which helped more than offset the impact of reorganisation-related disruptions. After two consecutive years (FY14-15) of hefty operating losses, Lonmin finally reported an adjusted operating profit (even though feeble) of $7m. This was facilitated by the record weakness in the South African rand (down from ZAR12/$ in FY15 to ZAR14.77/$ in FY16) and ZAR1.3bn of cost savings – 86% higher than the earlier target. Disappointingly, Lonmin recognised $335m of asset impairments (vs. $1.8bn in FY2015), which resulted in a full-year net loss of $400m. But the turnaround in reported OCFs – inflow of $58m vs. an outflow of $12m – was a much-needed improvement, which, along with conservative capex (-35% yoy) of $87m, resulted in a net cash position of $173m (with no short-term repayments) vs. a net debt position of $185m (at end-FY15). But the guidance spells caution For FY17, management targets conservative platinum sales of 650-680koz, while unit costs are expected to remain under pressure – ZAR10,800-11,300/oz vs. ZAR10,748/oz achieved in FY16. On the other hand, capex plans would be aggressive – ZAR1.8bn (which includes ZAR400m for the tailings project – already delayed by almost two years) vs. ZAR1.3bn spent in FY16.
Raising Target Price to 2,500p per share
01 Nov 16
Royal Dutch reported clean EPS of US$0.35, nearly 50% ahead of consensus. More importantly, cash flow jumped QoQ to US$8.5bn which should go a long way to confirming Shell’s capacity to maintain the current dividend, despite the increase in gearing to 29.2%. Upstream returned to profitability on an underlying basis for the first time since 1Q15. We believe these results confirm our view that Shell’s dividend can and will be maintained at US$0.47 per quarter and we increase our Target Price to 2,500p per share, given further sterling weakness.