Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The chart, appears to show probable sp, support between 2350-2370.
Overhead supply from previous trading at 2400, could cause resistance to further immediate upside, in sp.
I calculate that the ITC stake if realised through sale, added to lowest BATS, would equate to a sp, of approx. 2600.
2740, if added from current BATS, sp. Apparently BATS, are focused on buying in equity, no doubt, to relieve the financial burden of the current high dividend.
The dividends have been set at a fixed amount per share (235p), so the current yield is just under 10% yield per share. Buying back shares with such a high dividend burden makes more sense than redeeming bonds unless any are over 10% yield (not sure but unlikely given the low interest rates for the last 15 years). The current low valuation also makes it seem a good idea.
Would have been better for long term holders if they used the proceeds to off debt rather than a share buy back grrrr
Commodity channel index, formed a bullish positive divergence pivot on 4/3/24, while the sp, fell. Yesterday sp, was a japanese spinning top, and also an outside day, confirmed by the high and low encompassing the high and low of the preceding day . The sp, today has confirmed bullish breakout by moving above the combined outside day and spinning top high.
The tobacco sector value today, has moved above the month time pivot, of 1/3/24, which i have recorded on that date. Very often the first trading day, high and low, of the sector, can provide the pivot for future direction of the sector, in the month. DYOR.
To test the 200 DMA by late March/April time. Hardly an exciting or radical call...although it seemed miles off within a few days of my saying it :)
My target here, as things stand, is a good deal higher, but no idea when that number will hit (assuming it ever does, of course). With a dividend like this, patience is more easily observed though.
What was your prediction LW?
Still on track for my prediction to come off...although not via the route I expected it to take, at the time I made that comment!
Feeling a little less foolish now. It will not last, but I will savour it while I can :) GLA.
To be fair, they've paused buybacks in recent years whilst interest rates have been high to pay off debt. If interest rates fall (which is forecasted) and debt pile and its interest is manageable why not recommence buybacks?
Nice one Tom! Nice rise so far to go with it!
RNS out deal is done!
As predicted money to be used for buybacks amongst other uses.
Are we expecting an RNS once the deal goes through and what are people`s SP guesses once that happens?
I hope they use the money to repay debt, but fear they will use it to buy back shares
The timing is great. Quick look at ITC sp current levels and even with discount share sale easily will bring significant amount. Debt downpayment and divs secured. Gla
BAT PLC ("BAT") notes the recent press speculation relating to a potential disposal of part of its shareholding in ITC Limited ("ITC"). BAT confirms that it is evaluating a possible disposal of a small part of BAT's shareholding in ITC by means of an on-market block trade. There can be no certainty that any such transaction will proceed, nor can there be any certainty as to the terms of any potential transaction. A further announcement will be made if and when appropriate.
The person responsible for arranging for the release of this announcement on behalf of BAT PLC is Caroline Ferland, Group Company Secretary.
Rotation out of tech !
Welcome to club JF lol
Absolutely, Whenever I buy in, the stock goes down!
'...I refuse to get excited with this share as it has gone straight down in the last 2 years...'
BUT it went UP between 29th April 2021 and 13th May 2022 by almost 29% (just over 37% including dividends in that time). Must suck to have your timing. 🤔
I refuse to get excited with this share as it has gone straight down in the last 2 years. Maybe share buyback (doubt it), maybe they are selling that subsidiary in India or maybe nothing?
News on its way?
Suddenly shot up 46p 2% what's going on?
Totally agree with Silverknight, Been into this share for a long time, Worked for them in the 1990s.for six years!
At 10% dividend it's double your money if the divvy is reinvest in 7 years, beauty of compound interest!
I still have friends who work at the Southampton research centre, they are working hard on new gen products, but unfortunately everything takes longer than expected.
If it's any consolation there share save scheme has been a disaster since Brexit, not worth taken out!
A lot of not happy people!
Can only hope this turns positive eventually...