Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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WuFlu is the death knell of the high street, it was coming anyway but just been brought forward.
ASOS in prime position to benefit....who knows where this SP could end up.
Buy and hold on.
Stay long team, this has some legs on it for sure.
Some bullish news out from Adidas today about a quick pick up in retail demand in china post lockdown, good read across for the sector.
Also no one likes queuing! people will prefer to buy clothes online instead of queue for hours due to all this social distancing in place.
https://www.bloomberg.com/news/articles/2020-06-01/jpmorgan-s-math-shows-why-u-s-stocks-can-keep-rallying
Giant piles of cash sloshing around the financial system means there’s substantial ammunition yet to push risk assets higher. JPMorgan Chase & Co., meanwhile, sees potential for billions to flow into equities at the expense of bonds to rebalance portfolios. Money-market funds have lured $1.2 trillion this year, while fund managers with $591 billion overall are holding cash at levels rarely seen in history, according to Bank of America Corp.
All that shows how much firepower investors have to support the market at a time when stock prices look unhinged from fundamentals like corporate profits, and trade frictions between China and the U.S. return to the forefront.
Thanks. I still think there is money to be made here. Getting back in now in my opinion is not a silly move, for reasons i stated a few posts ago. I had a look on bloomberg at the holding of ASOS and institutions are defo buying back in. The overhang on the stock has always been to do with smalll margins and this has now been removed with the long time shorter Gladstone capital management closing out.
I also think the amount of money being injected into the financial system is super bullish equities, despite the high levels of unemployment etc. I actually this this could surpass 4000p over the next 12 months.
Gladstone Capital Management have significantly reduced their short. 0.58%
High street retailers will go bust, accelerating the structural transition to more online shopping. Likely to hit 4000+ in the next twelve months.
Such a fast bounce back! What a share.
I just want to stay realistic. I'm in at 1100. I see 1800-2000 as a realistic over the next few months and 3000 within a year
I have 30k invested here at 1050.
You missed my point SJ.
Lets keeps posts positive please :)
hey Arnold I cant believe you have even asked the question why isn't this share at 3000 now? lets try and keep grounded in reality. 3000 in a year but not now.
im guessing you didn't buy in earlier
Just received this, but don't believe this should impact sales.
Dear Premier customer,
Thank you for continuing to shop with ASOS during this uncertain time. Right now, keeping our staff and customers safe is our biggest priority, and we’ve put strict safety and social-distancing measures in place at our fulfilment centres. As a result, our delivery lead times are longer, which means that, for now, we can’t offer Next-Day Delivery as part of your Premier subscription. But don’t worry – your order will still be sent via Fastest Delivery (which you’ll see at checkout), and we’ll get it to you ASAP.
We’re doing everything we can to make sure you can carry on enjoying ASOS. We appreciate your patience at this time and apologise for any inconvenience caused.
Stay safe, ASOSers
he markets can be ruthless sometimes. Over the weekend, a report in The Guardian took aim at Boohoo and other online fashion retailers. The gist of the story was that workers at Boohoo and Pretty Little Thing, its sister brand, were unhappy at having to work in warehouses amid the virus outbreak.
The workers quoted in the article claimed that bosses were putting profits ahead of their safety as it was “practically impossible” to keep the recommended two metres apart and still hit their hourly targets.
Both companies have rejected the allegations of safety breaches but if Boohoo’s bosses had worried that the negative publicity would dent the value of the shares come yesterday morning they certainly shouldn’t have been.
Instead, shares in Boohoo jumped 23p, or 12.8 per cent, to 203p while those of its rival, Asos, climbed 104p, or 9.8 per cent, to £11.64.
Investors focused on the order numbers instead, with one warehouse worker estimating that the site had processed 400,000 orders last week, compared with 120,000 in a “normal” week.
The surge in orders comes as Boohoo and its peers have begun huge sales designed to get people spending while they are at home.
Analysts at Peel Hunt said that such numbers would be “surprising” and would challenge their estimates of a 25 per cent plunge in sales at Boohoo and Asos during this quarter.
“With competitors such as New Look and Arcadia likely to be looking at accelerated store closures and declines, we continue to see the share price declines at Asos and Boohoo as a buying opportunity,” they added.
If the article is true then you have to ask yourself why this isn't at 3000, because until the past two days this has been pricing in increasing chances of going bust due to small margins and perception that people will stop retail shopping.
I wont be selling until 3000, although I believe 2000 is a lot more realistic for the next couple of months, 3000 at the end of the year
Think its up today because of the Time article: https://www.thetimes.co.uk/article/huge-sales-help-boohoo-and-asos-defy-downturn-wdrsmtnpc
I cant read it but it roughly says that boohoo and asos have done well.
Also its another risk on day today so everyone is buying into the more risky stocks.
I hope so... I picked some up just under 1100
However, a lot of volatility and uncertainty I would be happy with 3000 this year, nevermind Wednesday
it has everything to ultimately succeed, most importantly brand awareness and business systems i.e. Asos is near-synonymous with buying clothes online and offers a frictionless delivery/refund system
in the long run has to improve weak margins (reflective of competitive retail space) and decreasing consumer spending
a recession will ultimately make it more robust with cost-cutting translating to greater returns once through the downturn
this share has always been kind and rewarded buying when it seemed "cheap"
It's flying! Back to 3000 on Wednesday!
I think a lot of the downside is priced in already.
Just read the latest balance sheet for Asos. No wonder they are keeping the warehouse going. If you strip out the intangible assets, debt and interest then they look to be in trouble In the current climate. They cannot afford to close the warehouse down. It will end them.