By Peter Brailey | Sunday 11 April 2021
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Kibo Energy (KIBO) is one of those AIM shares that seems to exist primarily to provide an income to the directors first and foremost. The RNS on 5th February did however catch my eye. This stated the valuation of Mast Energy Developments (MED), due to be spun out of Kibo and list on Wednesday (14th April) at £23.6 million, with Kibo retaining a 55% stake. It was a clear disconnect of value to Kibo’s share price at the time.
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