Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Regarding lift-off, I read an article about PCF on the Cube Investments website https://cube.investments/pcf-pcf-qa-report-from-agm-8-march-2019/ in which CEO Scott Maybury talks about the difficulty for sub-£100million market cap companies in attracting the attention of institutional investors. PCF is currently at £82million. So, not too far from the magic £100m. If PCF continues to hit its targets, we have a decent chance of getting there.
Not so quiet now. 590k and 650k buys today.
Lift off soon?
100,000 trade gone through - but buy or sell?
So I thought I would buck the trend!
I purchased some of these last September and hoping for big things this year! A positive trading update today which talks about “strong organic growth”. I’m a keen gardener so a little confused when the banks start talking in terms of “organics”, never the less i like the “strong” bit.
Yes, all excellent news and thanks for posting. Taking up the open offer didn't take much thinking about.
Exciting times ahead.
Upbeat analysis of PCF: https://masterinvestor.co.uk/equities/pcf-group-rapid-growth-in-sight/ Also, I see that PCF have completed their first bridging loan: https://www.bridgingandcommercial.co.uk/article-desc-14556_PCF%20Bank%20completes%20its%20first%20bridging%20loan
Thanks for the video link. PCF looking in great shape for 2019.
Thanks, I would have preferred a video of the questions and answers at the dial - in for analysts and investors as last year but nevertheless very useful.
Exciting times ahead.
Evening. Short film to accompany PCF's results. Hopefully useful!
https://youtu.be/MGEqbrzx6OA
Me too! I have to build a holding in INFA then this will be right back on top.
Good luck with your future investments. Hope its not too long before you buy back in ;-)
Very good find gents! I've all sold out here but will follow with interest - not because I think the company has anything bad coming its way, I just needed to fund investment in an even better company which I've already doubled the return I had from PCF on.
My holding was sitting silently here for a long time, in profit, and I appreciate a well run company that just gets on with business and puts out good news. Maybe I will buy in again when I can spare the funds! I am still expecting this to 5 bag.
Nice find Buyhold, I liked the following included in the article:
‘I think we’re a different generation of bank that is a lot quicker on our feet, a lot quicker at reacting to what customers want and are a lot more attractive to the savings market’
There's a nice article about PCF, dated 29 October, on the This Is Money website https://www.thisismoney.co.uk/money/investing/article-6329071/SMALL-CAP-SHARE-IDEAS-PCF-Bank-stands-new-breed-challengers.html
I thought the trading statement would come out by the end of September. I guess it might have done if the Azule deal hadn't been imminent. I have no inside knowledge but I'd expect pretty pleasing figures based on Capital Network's last research note (see PCF website). Also, I'm a bit surprised the share price hasn't risen on the Azule news as, if the integration goes well, PCF should beat current market expectations for ye 2019.
There's a link on the PCF website, investors' page, to a Proactive Investors interview with PCF CEO Scott Maybury. Scott is very upbeat. One interesting point is that Azule has a 27% ROE, which will help improve PCF's ROE.
"full year trading update on the earlier of the FCA approval of the acquisition or 22 October 2018"
Last year we were given a trading statement (27/9/17). Will we receive one this year? Any views?
Definitely agree that the hardest part is doing nothing. The market thrives on activity but with a solid company you just have to build a holding and wait.
Well I'm not sure about a P/E of 30 but what I do know is that if you've got the right management doing the right things, given they are such a tiny player in such a large pond, you don't need to worry too much about where your growth comes from.
Just sit back, wait and don't try to be clever and trade in and out, just ride out the swings up and down. The hardest thing with trading is doing nothing.
My average is 24.6p so I'm already on well on my way to the first bagger.
I assume once we get to a market cap of £100m we will start to see more institutional interest competing for the shares in issue.
I've thought this will 5 bag since like 35p.
We have an Mcap of 89m currently, so for this to 5 bag the mcap has to go to 445m, assuming the amount of shares in issue stays the same.
If we divide 445m by some reasonable PE, we can see how much it has to earn a year to support this valuation. It's trading at 20 now, so if we divide 445m by 20 that gives us 22,250,000. The company has already earned 4m after tax sept 2016, and we've had some exceptional costs becoming a bank. 2m taken in h1 this year, so I think we will at least have 4-5m at full year end.
If the company keeps up its growth rate I think it's easily possible to turn this into 20m a year or so earnings in 4 or 5 years. If we use a PE ratio of 30, then this figure goes down to 14.8m earnings per year to support the valuation. The past shows us this company is capable of growing EPS by 20% a year, which means this is definitely achievable.
I don't know about '5 bag', but its an excellent company with great momentum IMO.
What kind of figure do you have in mind Razor when you refer to '5 bagging' ??
Never heard of midas but I've been a long term holder for a while. Wish I had more funds to top up. I still remember the initial research I did for this company - fundamentals excellent in every way. EPS growth per year, PE ratio, good cash flow and current assets far in excess of current liabilities, good return on capital, increased receivables each business year, etc.
One of proudest holdings this! I expect to see this 5 bag at least
I just read that tip. Nice to see some weighty backing behind it, as opposed to some small time ramper!
The tip also points out that the next results are out very shortly, so people would be mad to sell just now.