Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Could lower sales of 13 reg, but dvla are offering people to stick with 62 reg instead. Don't think this is why sales increased though. IMO people cannot hold off buying a new car forever- false economy. At some point new car sales have to rise. Ask yourself this. If you spend 300 quid a month on fuel in your 5 year old car, and you can lease a new car at 150 quid a month which is getting nearly double MPG, includes road tax and full warranty what would you do?
does anybody think the 13 plate will efect new car sale as people ars suspitious about the number 13 ? and could that have played a part in the 11% increase in sales in november. just a thought
look like normal trades to me.
Mm codes again???
The sudden increase is a bit strange. The day before, we were getting small sell trades for peanuts, which I presumed would mean fireworks the next day, and so it proved. There still seems to be support at the 17+mark so maybe it could go a little higher still. This share does offer more potential upside in the long rum IMO to the others, but carries more risk with their debt pile. Next year should be interesting though. If next year it outperforms market expectations, with subject of DIVIDENDS returning, could be interesting.
The UK was the only significant car market to expand with a total of 149,191 car registrations, compared with 134,027 in November last year. maybe reason for sudden rise
There was a positive 3rd q update at the end of October the market seemed to ignore. I think the upturn now is simply a rerating to bring more into line with Lookers and Inchcape, which are also doing well.
Sorry I missed the trades you are talking about. MM codes are not understood by me, I'm afraid. But there have been similar runs of trades here in the past.
I think their finals are in Feb and as all other car dealers seem to be doing well why not Pendragon. Spoke to some one in the finance department and without saying anything about information that could be sensitive he certainly gave a positive vibe about going in the right direction.
After being in such a narrow range for almost a year why have they jumped to 17+ this week - there's been no significant news that I can find?
Nearly there....20% is just fine......
Can you make sense of the last 30 or so sell trades? Sell volumes are too low to make the trades worth anything. Coded message between traders??
big trade..?...
A while since I bought any in here....in for a few today.
Pendragon: Jefferies keeps buy rating and 20p target; Panmure Gordon upgrades from sell to hold, 13p target kept.
As you say, the other plus is of course the servicing and parts side of the business. Plenty of good money to be made here.
I do believe this company is "largely Internet proof" but I could have explained myself better, I blame my busy Friday. My point being the service element to this company. Compared to say selling CDs, buying video games which you can either download or buy like for like products from faceless Internet companies, this company is a different kettle of fish. The Internet, website, apps is where this business will be driven forward for new and used car sales. Anyone with access to a computer will be aware of websites such as autotrader and be price aware. I suspect a high % of customers will find their car online before viewing. This will increase as computer use is even more widespread. However, I certainly believe that most customers to say stratstone will be well aware that they could probably get a like for like car for cheaper- either privately, eBay, car supermarket but people are and will be willing to pay more for service and peace of mind. Auto quake tried the online "sold as seen online" and it didn't work out. People dont want to pay 15 grand on a car without test drives, viewing etc. The servicing and after sales will still be preferred at main dealers due to the peace of mind of that dealer stamp, resale values etc. So summing up, I believe that providing management get the online part of the business right, consumers will still be using main dealer facilities in years to come. The slight concern maybe tighter profit margins with people being more price aware, Internet brokers taking a cut etc. Still very confident on this share. Enjoy the wkend
Interesting you should think this business is internet proof. It isn't - but PDG are well placed to reap internet generated business as well by getting folk into their showrooms after internet viewing. I bought a previous car from Reg Vardy (as it was then), because of their internet sales. They were prepared to ship recent s/h models to your local showroom for you to look at if you appeared genuine!
The JJB thing well and truly over. Got stuck in and traded heavily over a week, bought low and sold high, but to me it was only a matter of time before the shares were suspended. Pendragon though, yes, I remember the days of 2p. How we have moved on. Really think this is only going one way.- up. I've looked at the debts and one would presume that as the debts reduce, the existing debt will be negotiated on better terms taking into account the risk, Therefore the rate of increase of debt reduction should increase year on year. I just think this business is largely "internet proof", unlike JJB,GAME,HMV. Consumers even in 20 years will still go to the dealership for purchase, aftersales etc. As I've said before, the big players in business ie Tesco have tried online car sales- didn't work out. Also, when the economy improves, expect a big year form this company. Sneaky suspicion that would be car owners have their 15 grand stuck in an ISA, just in case. Expect then more new and used car sales when current climate improves. I think also that car brands sell themselves, and there are exciting new models out soon with amazing fuel efficiency and next generation electric cars etc. I think Pendragon will have to really mess this up at the top for this share to drop, If I was a betting man, I reckon we will again see a £1 share price- but will take a while. Watch this space!!!!
Yes. Its been strange watching jjb over the last week or so from the sidelines. Some folk are eternally hopeful. Do you remember when pdg was all but buried at around 2p? The debt is now firmly under control, and the future looks rosy.
Now the JJB thing is over. Good rise today again. Good long term bet this.
Cheers. JJB my more risky choice. Pendragon is my more long term bet in my portfolio. Just got a feeling about this one a few years down the line. Unless management mess this up I am confident about steady year on year increase
PS good luck with your 0.1M shares - only a flutter really. Just looking back since the start of the year. I held approx the same value of JJB and PDG. Interestingly, I have made more profit on JJB since then, by selling at a half-sensible time. However in the long term: PDG + JJB = 0 ie I have lost on JJB approx what I made on PDG!
Thanks for that. I bought at 0.31 today- and only staked half of what I made on other shares today. Good call to get out early. Should be an interesting few days!
JJB - yes. I bailed out at a loss at 7.31p after the first bad news. So glad I did. It's not now the kind of share I would gamble on - could go either way, but IMHO most likely to end up zero for shareholders.