Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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FY23 results are due this month, outlook section and the promised guidance for FY24 will be key.
This share could do with a Board upgrade on trade and contracts like others shares post. Otherwise it will continue on the drift down.
Relevant text from Chancellor's speech:
"We have become Europe’s largest film and TV production centre with Idris Elba, Keira Knightley and Orlando Bloom all filming their latest productions here.
Studio space in the UK has doubled in the last three years. At the current rate of expansion, we will be second only to Hollywood globally by the end of 2025.
In the Autumn Statement, I committed to providing more tax relief for visual effects in film and high-end TV. I can today confirm we will increase the rate of tax credit by 5% and remove the 80% cap for visual effects costs in the Audio-Visual Expenditure Credit.
Having worked closely with the Culture Secretary and listened carefully to representations from companies like Pinewood, Warner Brothers and Sky Studios, we will provide eligible film studios in England with 40% relief on their gross business rates until 2034.
And having heard representations from the British Film Institute, PACT and indeed the Prime Minister, we will introduce a new tax credit for UK independent films with a budget of less than £15m."
With the great news for the Film Industry just announced in the budget this should fly again now it’s a great investment at these prices.
In February last year we received a RNS on years trading results so must be something due shortly.
Some big buys today of 500000. 450000 and 500000 somebody knows how well ADF are doing!!!
Approved by both the Union Board and also now their members, new agreement effective until 30 June 2026. Hopefully ADFs' statement in the half-year results is now bearing fruit - "the Group is ready to capitalise on the pent-up demand once the situation normalises."
https://www.sagaftra.org/sag-aftra-members-approve-2023-tvtheatrical-contracts-tentative-agreement
Https://www.bbc.co.uk/news/entertainment-arts-67364587
Yes, it’s all over bar the fat lady’s song
Tentative agreement reached
I suspect that things are not going to look so good for awhile. With the ending of The Crown which has been responsible for around 20% of revenue for the last few years things will be a lot tougher while the American actors remain in dispute. I also suspect the streaming boom has peaked for awhile and we will see some consolation and cut backs in spending. What people don’t realise is that ADF’s customer is not the big streaming companies, it’s the independent production companies who actually make the product for the streaming companies.
It's hard to understand how ADF's shares have held up so well. Today's news is that:
"Hollywood strike goes on as actors reject ‘last, best and final’ offer".
Holders will have had plenty of chances to exit with this H2's results certain to be extremely lacklustre, and the article below points to "dangerously thin" schedules for next year.
On the face of it ADF look very cheap on next year's forecasts, but surely those forecasts will have to be cut. And it's not as if ADF are exactly flush with cash, so their financing/borrowing position will be interesting.
In normal conditions ADF look a good company, but normal conditions seem unlikely for some time now:
Https://www.thetimes.co.uk/article/hollywood-strike-goes-on-as-actors-reject-last-best-and-final-offer-jdfw773jm
"Hollywood studios and cinema chains are desperate to end the strike, which has stopped production and forced chief executives to delay major releases, leaving the 2024 film calendar dangerously thin"
It looks like investors are realising now the WRITOR’S STRIKE is over what a great investment this is going to be!!!
Voting on the settlement takes place this week, 2-9 Oct, so probably know result early the following week.
Actors are still on strike but I imagine they are waiting to see outcome for the Writers and then push for an early conclusion themselves.
Great news it looks certain the USA Writers strike is about to be settled.
Good H1 numbers as already known, but Cavendish (aka Finncap) now forecast just 1.5p EPS this year, assuming that the writer and actor strikes aren't resolved until the end of the year.
Net debt is set to increase to £18.9m (from £11.7m last year).
They forecast 8.8p EPS next year assuming a return to normality.
I wonder if the return to shorter and presumably more geographically diverse work as noted by Cavendish - in order to "go after all available work" given the strikes - will cause transport costs to rise again as per last year. And of course interest rates are so much higher, though they may ameliorate at some point (maybe next year).
Whether to invest at present is obviously a gamble on whether the market will look forward to next year or whether the shares will drift on the more negative outlook for the next few months and in the prelim numbers for this year.
Hoping for excellent results for half yearly statement on the 18th September to send this share north to 60plus hopefully.
Heading north where this share belongs.
Should half year results and forecasts be out soon!!!
ADF does look good longer term but I do wonder if UK actors will be striking soon. https://www.theguardian.com/culture/2023/jul/21/uk-star-london-rally-support-striking-us-actor-brian-cox-equity-union
Could be a bit more pain for ADF in the short term.
Adf will be able to raise prices once strike is resolved. I'm adding on the way down and tucking away in SIPP
This price drop today is obviously because of the USA writer’s and actors strike! Best to just hold tight and don’t panic sell as the strikes will end. Hopefully the UK Film and Recording Industry will be the gainers in the end.
US actors may join writers and go on strike.
Added a few today at 48.5 let's see what happens couldn't resist
BGF selling stock plus Begbies Traynor reporting smaller companies struggling with high inflation & interest rates.
Any reason for the movement?