Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Are we a dividend payment today please ?
Price may benefit from a decent amount of dividend reinvestment. Makes good sense at this price...
This company has a solid apprenticeship base. And have been building on it for years. So they do not depend on foreign workers as other big builders do. So, newbies, when you check out Barratt's 'fundamentals' ... think on that. GLA
This is very normal (and clearly stated in the RNS) They are selling to cover tax on the upcoming dividend payments on the 4th November, nothing sinister going on
Does. anyone have an idea why the directors were selling onOct26th after apparently having bought at a high price?
@Scad,
"Barratt still is moving forward with buybacks, which is not a bad way of utilising some of their cash reserves when the SP is so low."
Surely its better than you think. Every share purchased at these prices equals a share that does not need a dividend payment. In effect a 10 % discount on top of a low share price.
I have a feeling that Mr Thomas knows what he is doing.
I thought so too. I think the SP may go down lower but couldn't resist dipping the toe in this morning when the SP went to 316p.
Barratt still is moving forward with buybacks, which is not a bad way of utilising some of their cash reserves when the SP is so low.
A long term hold for me even if the price heads down further.
Really thought the news today was priced in and didn't deserve an 8% drop! This is a big company still making big profits. Markets are screwed at the moment. Maybe because you can actually get decent FTSE dividend beating returns on your cash now, people are walking out of the casino?
BoD will obviously blame the mortgage market for the downturn in reservations, but of course the real reason is that they refuse to lower their selling prices to the new normal.
As I said last week. 400p incoming.
How low can BDEV go in your opinion. Today could have been a DCB ? Dow ends 500 lower ! More pain Monday morning ? By the way I hold over 10k of these at an ave £3.71
Beetroot : Get what you are saying but it goes both ways , I had PSN bought at an average of £5 quid a share and sold them at £12.50, just before XDIV, made a mint and thought I had done well only to see them go up to £30 a share. Time in the market makes money , timing the market does not. Having learnt from that I top sliced my Barrett shares to a point where I now have over 10,000 shares here that stand me at nowt, Todays rise and and going forward makes it good bet (but I still rue the day I got out out of PSN) investing eh , great fun, but I am still well in profit despite the last last decades fun and game
not a big boy but I got some at 325p this morning. 400p re-rate at least next week!
Correct the big boys load up when the panic selling gets hold, PIs get shafted big time, better to just keep adding if you can
People have not learnt anything from pandemic market crash! Just ride out the storm rather than panic sell. You dont win if you panic sale.
Yes I just read that. How did they end up in jobs ! CV probably states I can lie about figures !!
Yes if we had the hindsight then we would all be making money every day !
Today quoting 12% drop for bdev when 6% plus was going to happen due to ex div.
Lee that's not how it works. On ex div day the share will, all else being equal, open up down by the same amount as the divi. In this case 25p. being as the SP this morning was 29p less than close yesterday .if you'd sold up quick smart you'd actually have lost 4p a share even taking your divi. Today's drop wasn't due to people pocketing their divi and selling up or else, not at a profit anyway.
Tom, if you had sold at close yesterday, you could have bought back today ,ok, you'd not have the divi in your back pocket, but you would have gained double the divi at 50p a share.
scooter: it' sentiment , that's what rules the market, the market makes money on sentiment, fundamentals mean nothing in comparison. Those who have lots of dough are not frightened, those who's pensions depend upon it are, why would anyone sell yesterday when they have a nice divi coming ? but they did. The market makes money by making the retail investor c ack themselves and sell up then hoover up the cheap shares
The market is strongly manipulated by the big boys making the money. We have had more buyers than sellers and the company is buying shares back. How can it fall way below the dividend price today. Manipulation at its best.
I think you will find this dropped to 26p in 2008! We’re not going down to that level but I do still wonder about the guy who posted he was happy to pay £5 because this was a well run company even though he took on board my prediction of £3.50. Has he been accepted by the lunatic asylum or is he still roaming the streets!
These will revisit their 2008 lows, oh dear, that’s about .90p, getting there fast.