Why Are The Investors Vying For These Small Cap FTSE Stocks – Kibo Energy Plc, United Oil and Gas Plc And Bezant Resources Plc

  • Dec 13, 2019 GMT
  • Team Kalkine
Why Are The Investors Vying For These Small Cap FTSE Stocks – Kibo Energy Plc, United Oil and Gas Plc And Bezant Resources Plc
Kibo energy Plc

Kibo Energy Plc (LON: KIBO), previously also known as Kibo Mining Plc, is a Galway, Ireland based Mining company that is primarily engaged in the business of extraction, exploration as well as development of Coal and other related minerals in three regions in Africa of Mozambique, Botswana and Tanzania. The company’s major projects include 65 per cent interest in the Benga Power Plant Project, 85 per cent interest in the Mabeskwa Coal Independent Power Project, 100 per cent interest in the Mbeya Coal to Power Project as well as 60 per cent interest in the Mast Energy Developments.

KIBO Financial Performance

On 27th September 2019, the company produced its unaudited Interim results for the six months ended on 30th June 2019. The company didn’t report any revenue as all the projects are still in the initiation phases. The operating loss for the period was reported to be around £1.821 million, a year on year growth in the operating loss from £1.327 million during the same period in the previous year. This was primarily driven by a steep increase in the administrative expenses during the period. The company also reported the loss before tax at £1.820 million in H1 FY 2019, as opposed to a loss before tax of £1.326 million in H1 FY 2018. This was also the total loss for the year as there was no tax liability incurred during the period. The basic loss per share was reported to be at £0.0023 as against 0.0025 basic loss per share reported in H1 FY 2018. The basic loss per share for both the period was equivalent to the diluted loss per share as well.

KIBO Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 13-December-19, before the close of the market

As on 13th December 2019, at 08:30 A.M Greenwich Mean Time, at the time of writing this, Kibo Energy Plc’s price of the Share was reported to have been trading at GBX 0.400 per Share on the London Share Exchange, no change in the price of the share, as opposed to the last day’s closing share price, which was also reported to have been at GBX 0.400 per Share. The market capitalisation of the company was reported to have been at GBP 4.99 million in reference with the current share price of the company.

The Kibo Energy Plc Share has given a negative change in the last six months in the value, of around 58.97 per cent from the price of the Share of GBX 0.975 per share that the company’s Share achieved on June 13, 2019. Kibo Energy Plc’s Share has also declined by 2.44 per cent in value, in the last one month from the price of GBX 0.410 per Share that the Shares closed at on November 13, 2019.

The beta of the stock is 0.9915. By this, the investors can infer that share price movement of the company, is less volatile, in comparison with the movement of the comparative market index.

United Oil and Gas Plc

United Oil and Gas Plc (LON: UOG), previously known as Senterra Energy Plc, is a London, United Kingdom based Oil and Gas producing organisation that basically operates as a special purpose acquisition firm. The company is concentrated on quickly propelling its multi-stage arrangement of generally safe European development and evaluation resources and big-impact extraction in the region of Jamaica to unearth significant undiscovered value. The company’s major assets in UK and Europe include Podere Gallina Licence, Onshore Italy, PL090 Licence, Onshore United Kingdom, P1918 Licence, Offshore United Kingdom, P2366 Licence offshore United Kingdom.

UOG Financial Performance

On 26th September 2019, the company announced its interim results for the period ended 30th June 2019. The company reported an operating loss as well as Loss before taxation of $756,408 in H1 FY 2019, as opposed to $603,764 in H1 FY 2018. This mainly accounted for the Administrative expenses incurred by the company during the period as the company did not report any revenue for either the current or the trailing period. The Basic loss per share for the period was reported to be at 0.22 cents per share, a decline in loss per share as opposed to the basic loss per share declared in H1 FY 2018 at 0.24 cents per share. This was also the Diluted Loss per share for both the period respectively as reported by the company.

UOG Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 13-December-19, before the close of the market

As on 13th December 2019, at 08:40 A.M Greenwich Mean Time, at the time of writing this, United Oil and Gas Plc’s price of the Share was reported to have been trading at GBX 3.15 per Share on the London Share Exchange, an increase in the value of 2.27 per cent or GBX 0.07 per Share, as opposed to the last day’s closing share price, which was reported to have been at GBX 3.08 per Share. The market capitalisation of the company was reported to have been at GBP 10.63 million in reference with the current share price of the company.

In the last one year, the company’s stock has shown a negative change of 22.03 per cent from the price of GBX 4.04 on December 13, 2018. The United Oil and Gas Plc Share has given a negative change in the last six months in the value, of around 3.08 per cent from the price of the Share of GBX 3.25 per share that the company’s Share achieved on June 13, 2019. United Oil and Gas Plc’s Share has also gone up by 1.61 per cent in value, in the last two days from the price of GBX 3.10 per Share that the shares closed at on December 10, 2019 when it resumed trading.

Bezant Resources Plc

Bezant Resources Plc (LON: BZT) is a London, United Kingdom based Mining company that primarily indulges in the development as well as beneficiation of natural resources. The company is concentrated on the development of its pipeline of copper gold projects to provide a new generation of economically and socially viable mines. The company’s operations are located in the Philippines, Zambia as well as Argentina. The assets in the company’s project pipelines include the Mankayan Project as well as the Philippines’ Eureka Project.

BZT Financial Performance

On 30th September 2019, the company produced its unaudited interim results for the period of six months ended on 30th June 2019. The company did not report any revenue for the period while the Operating expenses were reported to be at £388,000 for H1 FY 2019, as against £293,000 for H1 FY 2018. These figures also translated into the operating losses for the respective periods. The loss before taxation for the period was reported to be at £387,000 as compare to the loss for the period in H1 FY 2018 at £483,000, which included an impairment expense of £199,000. The basic and diluted loss per share from all operations for the current period was reported to be at GBX 0.04 per share in comparison with the basic and diluted loss per share from all operations reported for the same period in the previous year at GBX 0.10 per share.

BZT Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 13-December-19, before the close of the market

As on 13th December 2019, at 08:50 A.M Greenwich Mean Time, at the time of writing this, Bezant Resources Plc’s price of the Share was reported to have been trading at GBX 0.195 per Share on the London Share Exchange, a decline in the value of 2.50 per cent or GBX 0.005 per Share, as opposed to the last day’s closing share price, which was reported to have been at GBX 0.20 per Share. The market capitalisation of the company was reported to have been at GBP 1.95 million in reference with the current share price of the company.

The Bezant Resources Plc Share has given a positive change in the last six months in the value, of around 116.67 per cent from the price of the Share of GBX 0.09 per share that the company’s Share achieved on June 13, 2019. Bezant Resources Plc’s share has also declined by 9.30 per cent in value, in the last one month from the price of GBX 0.215 per Share that the Shares closed at on November 13, 2019.

The beta of the stock is 0.4134. By this, the investors can infer that share price movement of the company, is less volatile, in comparison with the movement of the comparative market index.

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