Kistos Holdings (KIST)

Sector:

Investment Firms

107.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 205.00
  • 52 Week Low: 102.00
  • Currency: UK Pounds
  • Shares Issued: 82.86m
  • Volume: 77,375
  • Market Cap: £88.66m

Berenberg raises target price on Kistos

By Iain Gilbert

Date: Wednesday 26 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on closed-ended investment company Kistos from 600.0p to 630.0p on Wednesday, stating its deal with Mime Petroleum was "more than just hand waving".

Berenberg said Kistos' acquisition of Mime Petroleum had given it a stake in the Balder, Ringhorne, and Ringhorne Øst fields, offshore Norway - adding 24.0m barrels of oil equivalent of proven-plus-probable reserves and a further 30.0m mboe of contingent resources.

Overall, the German bank views the deal as accretive to Kistos and a further demonstration of the company's ability to creatively structure deals and grow the business.

"We incorporate the new assets, mark-to-market our H1 commodity prices, roll forward our NAV and make various other modelling changes - the net effect is a 5% increase in our price target to 630.0p," said Berenberg, which also reiterated its 'buy' rating on the stock.

"On our updated forecasts, Kistos is now trading on FY 2023/24 EV/EBITDA of 1.7x/2.0x, EV/DACF of 2.6x/2.3x and a FCF yield (pre-M&A) of -10%/2% respectively."









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Kistos Holdings Market Data

Currency UK Pounds
Share Price 107.00p
Change Today -2.00p
% Change -1.83 %
52 Week High 205.00
52 Week Low 102.00
Volume 77,375
Shares Issued 82.86m
Market Cap £88.66m

Kistos Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.46% above the market average15.46% above the market average15.46% above the market average15.46% above the market average15.46% above the market average
37.59% below the sector average37.59% below the sector average37.59% below the sector average37.59% below the sector average37.59% below the sector average
Price Trend
84.42% below the market average84.42% below the market average84.42% below the market average84.42% below the market average84.42% below the market average
96.86% below the sector average96.86% below the sector average96.86% below the sector average96.86% below the sector average96.86% below the sector average
Income Not Available
Growth
4.54% below the market average4.54% below the market average4.54% below the market average4.54% below the market average4.54% below the market average
10.95% below the sector average10.95% below the sector average10.95% below the sector average10.95% below the sector average10.95% below the sector average

Kistos Holdings Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
17:08 10,000 @ 107.00p
15:41 690 @ 106.00p
15:40 910 @ 106.00p
14:54 2,700 @ 106.64p
14:16 13,314 @ 106.80p

Kistos Holdings Key Personnel

CEO Peter Mann
CFO Richard Slape

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