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Just sit back and pick up the divs . Diversification is key I reckon there is more chance of the British and Euro economies having problems than China . The debt piling up in the UK for the gov and population will have to hit home eventually. The div yield here compensates for the risks.
GLA
True. Personally I think we are past the worst with China. And I think Biden wants a period of calm leading into the election, China likes calm for trade.
People keep talking about China's economy crashing. But the truth is China has too many billions to prop up the economy/bail out. And they are obsessed with keeping "order" whatever that means to them.
So in summary I see a period of calm till the new administration in Washington at least. A sudden collapse of Ukraine or Russia may change all this though. 🤞🏿
Tricky to say what will happen. Prices do normally drop upon ex-div, obviously then trading without the dividend value, but that doesn't always happen when market sentiment is buoyed and there is a hefty share buyback in progress as is the case here, and also the expected extra 21 cent special dividend upcoming, on top of what has become the 'normal' 10 cent quarterly dividend. On t'other hand any further bad news of China will adversely affect this asian-focussed business.
As always, global affairs will affect the entire market, and we've now got several skirmishes in play across the world. Nasty things, wars.
As someone who haa kept tabs on HSBC SP but not bought in, the drop was too tempting to miss. I waited a few days to find the bottom and got in, I knew it will rise again as we get towards the ex div date. Not sure if I should get out a day before and ignore the divis or stay and collect the Divis. As it will certainly drop as soon as it goes ex divi.
Tav , Thanks for your rep;y which I totally agree with. You seem to be blessed with excellent intuition. If you are a fan of The Godfather mafia saga you will remember the famous quote that went something like " just when I thought I was out ,they drag me back in". Al Pacino I think. I am already casting my eye over Barclays . Barclays has new guys in charge in important posts and has an excellent chance of changing track for the better for investors .
I did ok and made good hay from the last two market down corrections and managed to pick several excellent winners on markets recoveries. Maybe somewhere in my mind a silent alarm is tinkling and saying have a bit of time out cos you cant keep on winning.
It depends on your intelligent prediction how low interest rates will fall to entice me back in heavy with shares, Maybe just dip my toes in when an obvious bargain materialises.
The rest of this year shares light and ISA heavy will be good for me and my bank balance hopefully.Also have a bit of quality time with wifey with no worries about share collapses cos we all get one or two .
Like we both agreed on. Let it be our motto in life.
EACH ONE TO HIS OWN will make us strong.
Regards
All the Georgey to you and all.
Thedetector.
TheD, the shares you are looking to exit will rise as interest rates are cut- so it might be time to buy more now on a 6 month view? Each to their own of course but lock in high yields would be my play.
Bad vibes from Asian markets.Asian markets involving finance and property woes could worsen further.HSBC has big investiture in Asian business.Be prepared for further write downs on Asian business.
I am currently in process of delisting all investment in shares and moving to high interest savings . I am maxing up on my and wifeys ISA allowances on share accounts and savings.
I am out about 80% and waiting for good prices on LGEN,Aviva, DLG and Rolls Royce . I cant resist the excellent ultra low risk generous tax free and high interest savings accounts available.
There are some great ISA and savings accounts that are as good as or even better than current yields on stock market.
Everyone to his own I expect and the best of luck to all.
Make sure that any investments you choose are government backed companies because if not you could lose all of your hard earned.
All the Georgey.
I thought that the results were a bit mixed but good underlying progress. The market was spooked and the SP dropped by over 8%. Hopefully that will be good for the buyback but I cant see it staying down there. Still I took the opportunity to add more based on the dividend increase and a bonus special on the cards soon ish too
Is that over 8% yield now if they can maintain it ignoring the special so I had to take what was on the table.
I agree. I sold out of Barclays today at about a 20% profit - after yesterday and today's overdone jump - and bought back into these. A hefty yield, a Canada special divi within a year, and International exposure in growth markets. What's not to like?
HSBC tumbles as analysts say results and guidance 'messy and unclear' -
https://www.proactiveinvestors.co.uk/companies/news/1041438/hsbc-tumbles-as-analysts-say-results-and-guidance-messy-and-unclear-1041438.html
Just cannot work out how these results warrant a 8% collapse. Totally overdone….. how poss. !? Makes zero sense.
To be fair it was the reaction I was half expecting IF the Special Dividend was imminent. But at the moment it isn’t, so I think today’s drop is well overdone.
Just shows what a scam the stock market really is 😂.
How on earth can it tank this much. … ? Think this sell off is well over done. Ridiculous…. Bumper profit of how many billions. If I had some spare cash I’d buy in. Already hold 60k in here. Defo worth a top up.
Worst collapse in SP since lockdowns in 2020 now...
At 589p
I don't think I can remember a time when HSBCs dividend yield could approach 10% when you include the special at $0.10 on top of $0.61. so have topped up
I thought that rugby playing ceo said they were already well provisioned for the Jainaaaah write down?!
Think that biggy will steady the ship for the day.
Bullshot macro trend with a bullshot pennant triangle. Whatever all that cr@p was trying to impress us with.
There was more clarification on the Canada sale during the management presentation this morning.
The proceeds will be c $10bn with c $4b i.e. 21c per share for the special div. Regarding the remaining c $6bn they said that they expect an ongoing share buyback process.
On the timing, they expect the deal to complete in H1 but it may not be possible to pay the special in H1 as there are regulatory processes to go through first, however they will pay it as soon as possible.
I'm with you Grezzz. The results are excellent with the exception of the write down. We should expect a few hits from time to time as we operate in a price for risk world. The fact is the majority of the risks are paying back handsomely, record profits, record buy backs and finally an outstanding dividend. HSBC's size simply means these knocks are small in comparison to the picture and my view is we are the best run bank in the sector. Tier 1 ratio is actually up, we're a very strong bank.
I consider the drop this morning as a bonus. Topped-up...
Today's results have blown your chart up.
Lost today what it would be anyway. Ho hum.