Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
To deliver income and capital returns to shareholders through investment in Big Box assets in the UK.
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Looks like it is following Segro down:
"At the other end of the large-caps, Segro was the worst performer, down 7.4%. Kepler Cheuvreux downgraded the warehouse property investor to 'hold' from 'reduce'."
Rbc also downgraded the entire logistics sector last week. Rising interest rate expectations - leading to refinancing at higher Interest rates / impact of higher interest rates on NAV values.
probably equal weight rating from Barclays on Friday.
Is it just an (illogical) reaction to disappointing Amazon sales numbers last week?
I was wondering the same. Segro is down over 6% too but again, no news.
...why this is down 5% today? Can't see any news.
Aviva unloading for someone. 40K unloaded for someone the day before. Still got over 80m (as far as we know at the moment - may be another RNS tomorrow. Maybe the threat of recession is putting the wind up some. I think they need to up the divi
Over 12 million sold......what's that all about?
V good trading update and results. As expected from my own pov and reinforces my target price of 300p.
LSE market report 28Jan. RBC raises bbox to 275p outperform maybe something to do with Thursday seminar 2.00pm to 4.30pm I did watch but didn’t understand everything
Nice rise been in since start also paying 4div a year
Is it unreasonable to expect another upgrade to Nav in December?
Tempted to topslice good gains but also suffering from FOMO lol
Why the fall from 2.00pm
I hadn't thought of it that way, but placing at a premium to NAV is a good thing.
https://www.hl.co.uk/news/articles/Tritax-research-update-September-2021
I never thought of a placing, but i thought the SP had gone above being any value. On that note i could only see a reversal of the SP (Unless major news of big increases in turnover, profits or dividends was announced)
Simple value investing really.
I could of stayed in & made more out of the rising SP, But it reached the point i wanted to get out quite quickly & there were other stocks i wanted to invest in, as i thought there was more value in them :)
Not really shrewd - I just didn't see value as the SP climbed higher than when i sold out.
Also, when the SP of a company keeps climbing without news of massive % increase in its turnover, profits or dividends then investor sentiment changes & those in at lower prices sell out.
I never saw any placing coming, Just a reversal of the climbing SP that had climbed too high IMHO.
...at 206p this morning. It's clear that Institutional and retail issues will be oversubscribed at the offer price.
Blimey you are a shrewd investor. How did you immediately think of a placing?
I remember buying bbox at around 80p during the covid crash & set my usual target price of 170p. Obviously I sold out at that price & was surprised when i recently looked at the SP to find it in the 230's. My immediate thought was that a reverse in the SP was on the cards, though I doubt this will drop to a point where I'll dive back in again.
Back in on the placing.
Ditto
TDInvestor.
Agree, though only took profits recently, just left a small holding of 3,000 shares and waiting for the graph to edge closer to NAV.
Some others in the sector are down quite a bit today (SGRO, WHR). My guess is that the SP got too far ahead of NAV and with the change to a more negative market sentiment some people decided to take profits. That’s what I did a few weeks ago anyway, and now looking for a chance to get back in again closer to NAV.
Not used to such behaviour from BBOX. Presumably its a reaction to the fuel situation (or maybe to Boris the green frog still being PM with his big COP26 ego trip and economic nightmare still to come - and he says the rest of the world needs to grow up - jesus)
Will continue to improve until such time as it as easy to shop on the high street as it is on line. Look at the obstacles placed in the way of even getting to the high street. Expensive public transport, extortionate car parking and when you do get there the item you want / size is not in stock. Cannot see this ending any time soon.