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I sold up a while back kept 1 share just for sentimental reasons....
Today's RNS, 251.4p to be paid, anticipated on 3rd Jan.
Sotonspike, I believe you are partially correct. My understanding is that the original rns said that the 263p offer price would be reduced by the total amount of future dividends paid. Three, I believe so far, meaning that the actual sp of 250p is not too different from what will now be paid.
Think the divi's paid will be deducted from the 263p bid offer sure that's what it said in the RNS....
I sold up a while back (253p) and the price has been pretty flat since the last dividend payment. With the deal likely to go through in December where the price will be 263, at 250 there seems to be 4% as a gain on the table (after costs) to buy in here. Any thoughts on the gap and when it will close. Anyone else considering buying at this level to make what looks a guaranteed return? The risk I guess is that it does not happen but that seems remote. Any thoughts?
bolland07 just a follow up.....Sold up during yesterdays bloodbath and brought into DEC right decision? Time will tell...Good luck in these troubled times....
Good question bolland07....i sold what i invested here and have kept profit just out of curiosity to see how things pan out...Don't think there be much chance of another bidder did think that myself when it was announced to be brought out ...loved this stock good dividend i actually voted against the sale one of the few.....
is there any point of holding any further? current market price is very close to what will be paid out when take over complete.
is there any chance of better offer from a competitor?
is everybody else holding?
Cheers Trek good insights as always will defo have a good look at PAY already hold AV and LGEN so not to keen on another insurer stock also hold BP am heavy here looking to off load when and if it gets to the £5 mark.....so don't want another oiler stock.....
I agree with DEC I have a significant % of my pf there as DEC is hedged to downside risks. I have posted lots there.
I also have a similar position in SEPL. They have so much cash and will imo be debt free soon. Don’t see their divi being cut at any oil price now. More likely to be increased.
Both those are quarterly
Also PHNX at 600p ish is good value at around 8.3%. Divi gone up every year for more than 5 years. Well covered and inflationary v low risk.
CAML will be debt free about now. Riskier as copper and zinc but divi well covered at +9%…
I like PAY but I am in lower. Still good quarterly yield if you can get in near 600p.
Ding bother with incomes from funds, ETF’s, trusts etc… the commission is cost prohibitive, not as flexible as well. Better off diy!
Reckon GLO would be 300p now if it wasn’t for these plonkers selling out cheap!
Usual caveats
Trek
Have a look at DEC pays a hefty 10% dividend or there abouts UKW are another share i hold worth a look....but do your own research and if you come across any others that fit the bill let me know
I forgot to add the offer RNS, for memory
https://otp.tools.investis.com/clients/uk/contourglobal_plc/rns/regulatory-story.aspx?cid=2319&newsid=1584109
My reading of the original offer by KKR is thst the t/o price reduces after each dividend. The original offer price in May was 263.6 p and there was an approx 4p payment in June. We have just gone xd on another approx 4p. So, if I read the RNS correctly, we will now be in line to receive about 255p per share. Sad to lose this one but I wish they would hurry up and complete!
Are there any similar stocks on the LSE? I did buy rather a lot of Gore Street which is an energy storage (rather than producing) stock but have not found a replacement for Contour.
Dividends may reduce the offer price
A big yes.
Holding on to these to the end.
Half Year results on the 10th August. Will there be a quarterly dividend I wonder ?
All differing views help make a market.
I like quarterly payers as they tend to smooth out the divi, and often the SP doesn’t even discount it but those stocks are few.
I don’t like trusts, ETF’s etc as the costs eat into profit and I notice that the punters that push them on the likes of ii seldom account for the fees!
For bi-annually divi stocks it depends when you bought. Many have been flat at best over 5 years. Most have actually declined.
So if the charts are flat why keep your money invested for a whole year when it only needs to be in the market for two key periods of time.
You can buy ahead and time your exit after using the same cash to grab other divi’s through the year.
Also stocks are seasonal so why be in the whole summer when you can sell in March/April and buy back Aug for the majority of ftse100 interim divi’s you get the gist
That’s where my excel comes in.
With macro like it is, war, inflation, pandemics etc you don’t have to add in risk.
That said I trade higher risk AIM stocks in between.
I don’t trade everything some I hold a core and trade, some I just hold.
I certainly don’t buy the theory that time in the market is the best way!
But I do appreciate everyone’s circumstances and skills are different.
Good luck with your investments
Trek
Up to 2015 I used to take my dividends in cash and then look for opportunities elsewhere, however I then read the Intelligent investor by Benjamin Graham and changed to automatically reinvesting the dividends.
My ISA now consists 18 dividend paying shares, 14 of which are in the FTSE 100, I quite like waking up in the morning and there is more money in my ISA than when I went to bed followed by more shares in my stocks.
I am disappointed that GLO has been snapped up as it was a quarterly dividend payer, still I did make a realised profit of +49% in the 12 months I held them for. I sold out of GLO yesterday & bought into LGEN as I said I would in an earlier post, the reason being LGEN's price had dropped 8p from £2.64 to £2.56 so it wasn't worth waiting for another potential 4p divi from GLO. I still have the last GLO dividend to come on Friday which I will then reinvest in LGEN.
I can say in the last 6 years I have made more money sitting on my hands, drip feeding my existing equities and letting the dividend snowball effect take place than I ever did in the previous 10 years when I was stressing about daily price movements and the effect on my P&L.
Good luck all with investing your GLO cash!
Appreciate that trek . Thank you. Have a great evening .Sam
I always take cash for any divi. So if you sell you don’t have a small position.
With cash you can top up your divi if you wish to reinvest and pick your price.
That’s just my preference not necessarily the best for all as I am an active investor.
Good luck with your investments
Trek
Hi trek, would you take the dividend as cash or in extra shares ? I am down to a few thousand now but not quite sure what to do ? Most grateful .Sam ps loving phoenix !
Phoenix i have held LGEN for a while now has been one of best holdings excellent divi even paid during the pandemic when everyone else was running for the hills....don't think you can go wrong putting you earnings from GLO there in my opinion of course....
Thanks Trek, will be keeping a very close eye for the right entry point. Perhaps coming if 54 votes in ? !!
Yep that’s correct. Furthermore, there may be a chance to add or buy back in to get any difference prior to completion.
Obviously you have to factor in spread and costs but there is decent discount atm.
Usual caveats
Trek
In the RNS dated 17th May 2022, shareholders who receive the 4pps dividend on the 10th June will receive a 1.59pps pay out and not 1.63pps. The next quarters dividend if paid will also be deducted from the price. So as a long term holder I will either receive 1.59pps or 1.55pps depending on timing?
Once this has been put to bed and I receive the cash into my account I will be putting the lot into LGEN for the 7% dividend, just a pity the dividends are nott paid quarterly!