Anyone here holding KISTOS?
It's already went up 40% the last few months and 100% since it's inception which wasn't that long ago (less than a year).
Had you invested £25K in his previous company 5 years later you would have £1 million in the bank. I'm not saying that will happen again as past history doesn't represent future returns. To give you a bit of background information the company holds an interest in low operating costs and low overheads gas fields just off the coast of the Netherlands. Now these are mainly unmanned operations and therefore very profitable and first of it's kind really where he's bringing a lot of value of these especially since gas prices have doubled in the past year. Up 50% just a month or two back.
Below is blurb from the official site and some youtube interviews below with the latest I have embedded. I was just tipped off to this by a pro trader who has made significant sums in the past year alone we are talking 400% plus. I was just wondering if anyone had some insights into this before I invest?
Generate Value through Operational Improvements
Kistos is a trading company that has been established with the objective of creating value for its investors through the acquisition and management of companies or businesses in the energy sector.
“Kistos” (Greek) is a genus of flowering plants in the rockrose family “Cistaceae”, containing about 20 species (Ellul et al. 2002). They are perennial shrubs found on dry or rocky soils. With the Kistos genus being hardy plants, the Board considers the Company’s name to be reflective of the principles underlying its Investing Policy and strategy.
The Company will be led by Andrew Austin in his role as Interim Cheif Executive Officer, and Richard Benmore, Julie Barlow, and Alan Booth in their roles as non-executive directors. The members of the Board intend to use their extensive collective experience and successful track records in the energy sector to identify and complete acquisitions and generate value through operational improvements.
Andrew Austin
Andrew Austin
Interim Chief Executive Officer (aged 55)
Mr Austin served as Executive Chairman of RockRose (“RockRose”) from 2016 until 2020, delivering a 42x return to shareholders through a strategy of counter-cyclical acquisitions of legacy / non-core assets in the North Sea and wider UK oil sector.
RockRose was sold to Viaro Energy in August 2020 at a price per share of £18.50, representing a premium to the prevalent share price of 64 per cent.. Prior to RockRose, Andrew jointly founded IGas Energy PLC (“IGas”) in 2004 and developed it to become the leading onshore hydrocarbon producer in the UK, delivering natural gas and crude oil to Britain’s energy market. Andrew left IGas in 2015, having delivered partnerships with Total, GDF and Ineos. Prior to his tenure at IGas, Mr Austin spent six years in management and consulting roles with clean tech companies including Generics Group and Whitfield Solar.
Mr Austin spent 17 years working in investment banking in the City of London with Merrill Lynch, Nomura, Citibank and Barclays Capital.
https://www.youtube.com/watch?v=aD8dZbhH5yM
https://www.youtube.com/watch?v=xKasF9FzgU0
https://www.youtube.com/watch?v=OYm_IgAg2fQ
The guys resume speaks for itself. Is gas considered a risky investment currently?
) Buying back in now feels like FOMO incarnate but part of me is struggling to resist