Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Unilever named Nelson Peltz as a board member.
Is that the reason for the bump in share price?
without you topping up Nelson Peltz would still be on the dole!
Seems like all my recent topping up has worked!
Thanks Mr D it seems like we agree on most things & I certainly hope that I am wrong about the SP here. That is until I buy my holding which will probably be in the next couple of months when the US interest rates get to where I think they will.
GL All.
Hello Gary59, the £48 fair value estimate is based on what I think is a conservative view of future dividends (although whether it turns out to be conservative is another matter).
It's basically a discounted dividend valuation, so I estimate future dividends based on various factors (rate of return on capital, amount of earnings retained etc) and then discount those future dividends by 7% per year as that's the UK stock market's long-term annualised total return.
I'm certainly not saying that I expect the price to get to £48 anytime soon, but as things stand today, I think that would be a reasonable price.
I agree with you that investor sentiment towards Unilever is generally poor, partly due to its weak performance in recent years and partly because 2022 and 2023 are likely to be very unpleasant for most people on this planet.
However, recessions and other periods of bad news are usually the best times to buy, precisely because prices are low and yields are high.
Unilever will benefit from the easing of the raw material inflation which is partly due to the post-lockdown so called "bottleneck effect". This should easy in a relative short timeframe. I believe that the energy price will come down too, due to the fact that the spike in energy price was first seen at the easing of lockdowns around the world. War was a part contributor to the spike in energy price. The latter contributor to energy inflation has uncertain timelines. Definitely energy is undergoing a slow and profound change, in my view energy will not be as cheap as hydrocarbons for a good decade or two.
Interest rates are very hard to predict. I can't see govs rise them too much or the economy will melt down. I am convinced that lots of inflation is due to money printing rather than cheap borrowing. And that the excess of cash will not be recovered through taxes but will result in a general inflation. Money printing is a contributor to inflation that will never be mitigated. Interest rates have no place to increase significantly, not being a major player in the inflation we are seeing.
Unilever has to hold on dearly to its consumers, trying to avoid as much as possible to switch to cheaper alternatives or cheap stores. Although I can see a faint presence of UL products in discount shops.
Unilever share price should return to see better days, maybe in 2 years or so. Brokers seem to have a short term view.
Mr D please enlighten us as to the reasoning behind your £48 valuation.
What I see is a company that is being hit considerably by the state of the world economy, with a looming global recession on the horizon & with rising interest rates margins are being squeezed ever more, the BOD have acknowledged this & that is a concern.
I agree that ULVR's market valuation is now down below the long-term average but IMO this reflects the market's uncertainty more than anything else. £48 per share is nowhere near coming, I would think £30 - £32 per share is about right if we do enter recession & interest rates go to where they may do. Hold for divi's unless these are cut.
My estimate of fair value is about £48, so reasonable upside from the current £35. And if the market thinks £35 is fair value, then I'm happy to take the 4% yield instead.
Just one of those days where there are few hiding places to avoid getting burnt.
Brutal big market drop and ex divi turbulent times gla holders regards jack
And there’s me thinking this would be a ‘defensive’ holding…..
Craig , MRCH - similar to CTY has a good record and pays good divvies. You should diversify (US, Jap, Europe, Asia, Em Mkts) as having too much of your pot solely in UK stocks is very risky - plenty of ETFs around to do that. Also chuck some dosh in a Gold ETF or two as a hedge against stock market falls. I doubt you'll get 12% pa anywhere - that is unrealistic.
Hold for the divi and buy on any dips....
Brokers view is not very enthusiastic for UL. Not much upside by looking at their forecast. The highest is £40 per share. Are current holders in just for the dividends?
Just quickly read the trail of this £100k investment and £12k dividend income idea. To me its not realistic (try the horses may get that result) Yes no reason why you cant get a 12% return over time, but i think that will rely on sensible dividend reinvestment and taking/reinvesting capital gains from trading
If you want £12k now that is going to have to rise substantially to keep pace with inflation
I run two portfolios, similar investments in each over time, each have about twenty differing holdings. One is UK listed shares only and the other is UK investment trust (no Funds)
The equities has grown quicker in capital value (including reinvested dividends) and pay about 7% on invested capital The IT pay even better but the capital gain increase is slightly less as i dont trade for capital gains very often
The fall in equities value can be quit dramatic in line with the FTSE The IT variations is much less
If i was to start again i think i may load more into IT but that needs time. You could look at the likes of MYI. HHI, HFEL, as they get you some world coverage. There are some big payers on the money markets like NCYF, RECI, SMIF, SERE
Most of my poor buys have be when when the FTSE has passed 7300 mark, As earlier advisors said take your time , buy on low points , preferably ex divi to avoid the red figures on your spread sheets
Good luck
Thanks Gary. I keep building my shares with city of London trust but I would like to know what other trusts that can give me a reliable income ?. I understand it's only advice and there is always a risk. Thanks.
Craig, Yes I know a couple of people who used to have Freetrade accounts & I think they parted company due to not having access to all products. If it's costs that you are concerned with may I suggest looking at Vanguard. Myself & Mrs G have accounts with them which we use for low cost trackers & we have done well with these. Vanguards research & advice is in my opinion second to none. Our other main accounts are with AJ Bell & these are good also, with AJB you have access to the whole market.
I have thought about putting my new allowance in to free trade. Has anyone got an account with these ?.
I suggest you google what happened to Beaufort securities that the FCA forced into insolvency a few years ago.
Special administrators can dip into client funds to cover their costs if the business had insufficient funds to cover the administration fees, which is likely if a business is 'insolvent'. In the end I believe the FCA footed the bill, but things are not as 100% safe as a lot of people think.
I would now only trust a large UK based broker with a strong financial position. Cheaper isn't always better.
Craig - Yes you would be covered up to £85K plus when you invest with a stockbroker, your assets are ring-fenced from the broker's own. This means that if the broker goes bust, your assets remain intact, and the company's creditors don't have a claim on them. There may well be a delay in getting your money back, and the value of your assets may fluctuate during that time. But in principle, your assets should still be there.
Are you aware that T212 which is owned by a couple of Bulgarians, albeit now centred in London & who had a scare in 2017 when their profits before tax fell 83%? Your call mate.
Hi, yes I understand that if businesses fail I'll lose but if trading 212 went bust my shares would still be safe ?
You're only covered if the provider collapses, if businesses you're invested in fail then you're not covered for any amount of money. If you want to have your saving safe then you need to invest into a cash isa or savings account product
Thanks for your replies. I currently have 60000 in a trading 212 stocks and shares ISA. I have 20000 ready to put in for this year's allowance and I also can transfer in another 20000 from a cash ISA. I gradually buy shares each day especially legal and general.
I understand we are covered by 85000 if trading 212 go bust. What happens if I have £100,000 worth of shares held in trading 212 would my shares still be safe ?
Non auto re-investing is my strategy as well, apart from LGEN currently. All my other company shares dividends get put into a pot so to speak & I take a position normally in another company when there is dip in the market. Patience has proved to be rewarded for me. Last years dividends were just short of 9K & most of this went into Aviva. Not for everyone but it works for me.
Glad to have topped up a few weeks ago. The fundamentals of this company are just too good. A lifetime hold if ever I’ve seen one.