Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I looked at the website 6 months ago and again recently and i have a suspicion that the same three jobs were there both times (tho i'm not 100 per cent sure they were the same). So either they're having trouble recruiting the right people or something else is going on...!?
Noticed on Twitter, the company are still hiring staff. Got to be a good sign hasn't it?
Hi guys, I was wondering if someone could explain something to me? I've kept an eye on this share for a couple of years now and even got lucky, managing to trade for a small profit a year or so ago. Last night about 11, I was just going through the trades for the day and I swear there were a couple there for over £100k?? I noticed at the time that the 5 share trade which is still there was apparently worth a fiver, so knew there was a mistake somewhere. That fiver one has now changed to 5p, fine, but those 100k ones have completely disappeared. My question is... how does that happen? If it was human input I'd get it, but these are automated. Felt a bit convenient given the "random" rise this week. Cheers.
Looks like an RNS may be in the pipeline.
myself. Bidding 1p now for stock
no brainer imo, bought some at 0.935 this morning
bouncing. small cap market beginning to recover from a very slow start.
Anyone have any updates on Mirada ? they seem to gone a bit quiet since the Bolivia installations Looking at investing another �4k soon and Mirada price looks very good as seems under valued ?
seems to be going well
ATN Reports Fourth Quarter and Full Year 2017 Results Fourth Quarter Financial Highlights: Revenues: $107.7 million Adjusted EBITDA1: $30.8 million Operating income of $41.5 million includes $32.6 million in net hurricane insurance recoveries Net income attributable to ATN stockholders: $43.5 million, or $2.71 per diluted share Cash flow from operating activities for full year 2017 was $145.7 million
NAB show in Las Vegas starts on Monday - would be a good day to announce the rollout of the ATNi programme and also any new deals!
I'm not so concerned about the pace of the new deals - they are dealing with large companies on multi million dollar, multi year investments and they take time - 6 to 12 months at least. I think a good target for new deals, is two tier 2 customers a year, plus one tier one customer every 3 to 5 years. Last year they signed two tier 2 customers so I was pretty happy with that, its just the fact they are working capital intensive pre-roll out that has been the problem. I do however wonder if the they have been hampered in some deals by weak financials - if customers want to make multi year commitments they have to be sure their supplier is going to be there and Mirada has a very weak balance sheet - I think the �3million facility just signed is very important but they still need their other credit facilities to remain supportive. Given the shape of the financials I think the financings were as good as it gets and the company is lucky it has supportive shareholders. There is some dilution coming, but I'm hoping the combination of the most recent drawdown, plus the hopeful imminent role out of ATNi and an upstep in Televisa rollout means the second tranche of the convertible is not drawn down but we'll see.
Thanks Spike Thanks Spike. Godd, thorough,concise analysis as ever. My main reason for buying in was the technology seemed strong and appeared to sell itself. It appears that the OEM designers and purchasers don’t necessarily agree with me! So far. Currency and economy aside I expected them to have picked up more decent sized customers in more markets by now. Borrowing at these rates from “friends” doesn’t inspire confidence so they’re going to need some pretty quick turnaround in the numbers. So far not my finest investing decision. But Hey Ho I’m 94% down so a bit pointless bailing now!
Tigerwelsh - apologies for the delay in responding, its been some time since I've been on LSE. I was bullish and have so far certainly got this wrong. There are two main reasons for this. 1. Televisa - this was a known risk and one I have highlighted before - significant exposure to one large client. 2017 was a killer - the expectation was that around 100k licenses per month would have been rolled out, when in reality it looks to have been only about 20k-30k per month. That has created a hole of around almost $4million in 2017 at a time the company needed it the most. The view from the company is that this only a temporary issue and doesn't impact the overall impact of the contract and was due to the economic situation in Mexico - this is credible as after the election of Trump the peso depreciated up to 25% - Televisa substantially cut capex expenditure. The peso is now back at 18.5 so the expectations that roll out accelerates to the expected level this year is reasonable. Televisa continue to spend a substantial amount in professional services with Mirada so the relationship appears to be good, so there is still probably $20-30million value in this contract. 2. I didn't anticipate that the new contract wins would both be a model where there is limited professional services up front. I'm pretty sure both these are good contracts, however they have stretched working capital further as there is limited billing pre-roll out, but once roll out has occurred the revenue stream is secure. Putting both those things together and it has created a huge working capital requirement hence debt has snowballed - they have been fortunate to have supportive credit providers and shareholders who have provided additional capital. I was especially pleased with the most recent announcement of the 12 month �3million facility as though it is expensive, it is substantial and it is not dilutive as its not convertible. The flipside of the huge working capital drain outlined above, is that when it turns it creates substantial cash inflow. Televisa remains a question as to speed of rollout, but the peso is now relatively stable and Mexico is doing well again - although NAFTA talks still hang over it. At the AGM and in the recent RNS, the company were optimistic based upon discussions about capex planning with Televisa and also the most recent announcement indicated that Televisa will shortly start rolling the solution out to their tier 2 customers. For ATNi, rollout was planned before this year end - which is next week, the latest RNS said it remains within management expectation, so its possible an announcement of rollout comes next week, but if not it should be coming shortly. For Bolivia no timeline was indicated but I'd assume it is in weeks not months. So it could turn pretty quickly although there are around 80million shares to be converted at 1.1p from the convertible which could hold it back. Debt remains high so there is no room for furthe
This outfit owns 27%. So have a vested interest. If it went wrong they would lose a packet!
cuz Tinajero is minted and will want his money back anyway so what better way than to sell this off to Televiso I reckon this will get sold off
Why is Mr Tinajero still funding this jam tomorrow via AIM. Surely given the company's history he'd be better off just taking it private as it seems well and truly subscale despite the deep pocket contacts. Small shareholders are forever losing.
Spike You were very bullish on this share and my guess is it’s dropped around 90% in the interim. Are you still confident it can turn around?
these guys are well connected in LATAM.
Extraordiary! must be very unusual to have rich people owning companies! Someone should be told!
what a joke, need i remind anyone the owners of MIRA are multi millionaires.
my opinion 2-3 years https://en.wikipedia.org/wiki/Televisa
Kaptungs is the owner of 10,639,183 Ordinary Shares in Mirada, which represents 7.65 per cent of the voting rights in the Company. Kaptungs is an investment company incorporated in the Commonwealth of the Bahamas which is beneficially owned by Mr Ernesto Luis Tinajero Flores ("Mr Tinajero"). Kaptungs also holds 26,954,266 Ordinary Shares in Mirada through Chase Nominees Limited, which represents 19.38 per cent of the voting rights in the Company. Accordingly, Mr Tinajero has a total beneficial interest in 37,593,449 Ordinary Shares in Mirada, which represents 27.03 per cent of the voting rights in the Company. Mr Tinajero is a long-term supporter of the Company and has previously been the owner of Cablecom in Mexico, a customer of Mirada that is now part of the Televisa Group. Kronck is an investment company incorporated in the Republic of Panama, which is beneficially owned by Enrique Septi�n Su�rez. Mr Septi�n has a total beneficial interest in 2,857,143 Ordinary Shares in Mirada, which represents 2.05 per cent of the voting rights in the Company. Minles is an investment company incorporated in the Republic of Panama, which is beneficially owned by Luis Mart�nez Ocariz. Mr Mart�nez has a total beneficial interest in 571,429 Ordinary Shares in Mirada, which represents 0.41 per cent of the voting rights in the Company. In total, the ultimate beneficiaries of the Lenders, being Mr Tinajero, Luis Mart�nez and Enrique Septi�n, are currently collectively interested in 41,022,021 Ordinary Shares in Mirada, which represents approximately 29.50 per cent of the voting rights in the Company.
should do well in Bolivia then Bolivia's pay TV household penetration rate predicted to grow from 10.9% in 2014 to 27.1% by 2019, this project will see Mirada entering into a new and highly promising market.