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🇬🇧💥Our First English Tesis💥🇬🇧
👉🏻It couldn’t be any other tan #KISTOS.
🍐In this thread we will summarize the key investment ideas.
👉🏻It couldn’t be any other tan #KISTOS.
🍐In this thread we will summarize the key investment ideas.
👉🏻Kistos PLC is the new Project from Andrew Austin after the succesful selling of RRE.
👉🏻The same team that managed RRE is now managing Kistos.
@BenmoreRichard , Peter Mann, Richard Slape, Julie Barlow & Alan Booth are already on board.
👉🏻The same team that managed RRE is now managing Kistos.
@BenmoreRichard , Peter Mann, Richard Slape, Julie Barlow & Alan Booth are already on board.
👉🏻They got a 42x for every USD invested in RRE.
They have now found a way to benefit on energy transition in Europe thanks to an ESG approach and top asset acquisitions.
👉🏻With very low emissions they expect to have ECO-gas to sell for an overprice to the european utilities
They have now found a way to benefit on energy transition in Europe thanks to an ESG approach and top asset acquisitions.
👉🏻With very low emissions they expect to have ECO-gas to sell for an overprice to the european utilities
⚔️Estrategia Cartera 2022 🛡️
Voy a desglosar este Hilo en 2 partes.
1⃣ Antecedentes-Situación de Mercado
2⃣Bloques, Miembros y Motivos.
🍐Se viene Hilo gigante... ya lo siento, pero vosotros lo habéis pedido.
Voy a desglosar este Hilo en 2 partes.
1⃣ Antecedentes-Situación de Mercado
2⃣Bloques, Miembros y Motivos.
🍐Se viene Hilo gigante... ya lo siento, pero vosotros lo habéis pedido.
👉🏻A nadie le va a sorprender que mis perspectivas para 2022 sean a nivel económico, muy malas.
Motivos Principales:
❌Reducción del Consumo y Recesión 2H 2022.
❌Inflación y Cadenas de Suministros.
❌Conflictos y Guerra Comercial USA-China/Rusia
❌Mercado Energético
Motivos Principales:
❌Reducción del Consumo y Recesión 2H 2022.
❌Inflación y Cadenas de Suministros.
❌Conflictos y Guerra Comercial USA-China/Rusia
❌Mercado Energético
👉🏻En conjunto tengo la sensación que todos estos problemas van a afectar UE>USA>China.
Habrá dolor para todos, pero en Occidente creo que va a causar más problemas.
👉🏻La situación de tensión con Rusia no parece que vaya a desparecer pronto por lo cual descarto estar largo.
Habrá dolor para todos, pero en Occidente creo que va a causar más problemas.
👉🏻La situación de tensión con Rusia no parece que vaya a desparecer pronto por lo cual descarto estar largo.
Now that Andrew Austin has made his 1st deal at #KISTOS, time to evaluate it. Seems that FinTwit doesn't consider it a bargain, and we don't have all the info yet, but indeed we can do some research
Brief: AA DID IT AGAIN
Time for a thread 🧵 #KIST $KIST.LN
((PART 1))
👇🏽👇🏽👇🏽
Brief: AA DID IT AGAIN
Time for a thread 🧵 #KIST $KIST.LN
((PART 1))
👇🏽👇🏽👇🏽
I've read different opinions so far, but it seems that the general opinion is that €220M+€163M earn outs, isn't too cheap for €31M EBITDA'20, or 5.5m boepd, 19mm boe 2P and 78mm boe 2C. Seen like this, it's fair. It doesn't seem very cheap.
Only positive view I've read about, is from @mgrahamwood saying "this looks to be one hell of a deal". I didn't know if it was only because he's an AA fan, but now having analyzed the asset, I think he's just right:
This is one HELL of a deal
This is one HELL of a deal
We begin to intuit that a huge deal like this (remember that the upfront+contingencies €220M+163M supposes x5 the #KIST mkt cap and almost x10 its net cash or NAV), even though there is some dilution, the leverage will be high, with its effect on our equity potential
And given the quality of the asset, it would be understandable to pay some premium for it.
But let's see what this asset can produce in 2021 and beyond. Because basically, the figures they are giving to us for 2019 and 2020 are TOTALLY MISLEADING.
But let's see what this asset can produce in 2021 and beyond. Because basically, the figures they are giving to us for 2019 and 2020 are TOTALLY MISLEADING.
