Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Since the H1 results in mid Jan, the SP has been in a non-stop downtrend. So not buying until it finds its floor, as the SP is still bearish (IMO).
Last year showed another loss but not as deep as previous years. However the market forecast is for a stonking great net profit this trading year, hence my interest. But the H1 interim trading update revealed.... an interim loss!
- So I'm thinking that stonking great earnings profit forecast is not going to be achieved but instead a tiny, tiny, profit
- a fraction to that what the market was expecting.
If that turns out to be the case, then I will not be impatient to buy until this downtrend finds its natural floor. In other words the SP for this bog roll is straining a bit and probably constipated. I'll wait until the SP relieves itself first.
A great Covid lockdown play though.
Have you bought a vaccine Pharma stock? No.
Have you bought a work from home digital Zoom type stock? No.
What are you going to do then?
Buy a bog roll manufacturer.
Cushty Rodders, Cushty.
A soft play?
No, soft ply!
Yes Gino23, so has mine
My buy is showing up as a sale this morning.No wonder is so hard to make money 9n shares at the moment lol
Very good results. The Company delivering on all it's promises. Increased market share, margins and ebitda. Debt down and dividend proposed.
Particularly like the fact that with the recent LTC acquisition Group capacity is now £220m. With turnover of £62m for the 6 months plenty of upside from here.
Great buy for me on Monday for great results on Tuesday.
The SP is being played all the unknow are buys too the SP should be a lot higher then it is.
My buy at 56.5 shows as a sell. I suspect all those at 56.5 are also buys.
Good positive article and strong buy recommendation based on strong management . One to keep or buy quickly.
Worthy of a comment. Someone has spent £1m and is keen.
How can shareholders have confidence if people in the know are reducing ? Although surprisingly the SP did not sink like other shares I have he’s when this has happened (boo for example the other year)
I thought the recent acquisition seemed a good fit for the business, but it seems the Directors sensed an opportunity to cash in as part of the fund raise. Seems to have killed the little bit of momentum that was building here.
Unimpressed with greedy Board, and have followed their action and sold down some of my holding today.
Yes I have taken up my allocation. At a discount to current market price and hope that gap holds. I think this share will be nearer 60p for the interims in early Jan. Good recovery and growth share to tuck away.
I will be taking up the offer as I see Accrol getting back to £1+ in the near future
Anybody else get the Open offer last week - Buy price 44pence? Sounds tempting given the recent acquisition and momentum of Accrol over the last couple of yeas. Thoughts?
I would have thought if this was a takeover target now is the time as they have done the hard work of the turn around. I recall one of the competitors bought a big stake last year.... who knows, I had SDL shares sold them at my price (so should be happy), then they got bought by RWS, missed out on 50%, one more consideration into my thought process around selling and exit pricing is now "could these be acquired in the next 6 months"
An interesting and very positive review of Accrol from minute 27 f this Piworld webinar https://www.youtube.com/watch?v=-_mmsriVfOY
This was languishing under 20p for a long time after industrial accident few years back. I was surprised that the price was struggling at the beginning of Covid19 when there was massive shortage of toilet papers. More than doubled in recent months.
No new news but price steadily moving up.
A lot of buys today is Accrol becoming a take over target ?
I think Accrol's plant is in Blackburn so this is pesumably a competitor. Increased competition will mean lower margins so not good news.
Should be steaming ahead next week following news from Bridgend.
https://www.bbc.co.uk/news/uk-wales-52947072
Wow 2m shares bought today already
Will get one this month which should take us back above 50p
Up she goes to 42p.
That’s 45% increase since my last post!
Hang in there!
Despite record demand for their toilet and kitchen rolls in the UK. these shares have surprisingly dropped of late to bargain prices. An absolute buying opportunity!
Like many other market shares, these have dropped 30% since Feb, but this is despite their industry, synergies and their record 1/2 year figures.
Prior to Covid-19 kicking-in Accrol already put in place improved production efficiencies and increasing automation, so well equipped for the upsurge in demand.
Coupled with the 13% increase in revenue reported upto end of 1sr 1/2 year in Oct 19, £1.1 million improvement in operational costs and reduction in debt from £9-£3mill I can’t see how we won’t be debt free come year-end and showing record profits.
Can’t be long before we get an update and it’s going to bring us back up to over January’s price again I think.