Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
And calamari, be honest, you're looking to buy Boohoo shares at a cheaper price.
And you want to buy Boohoo shares cheaper than they are now hence all the extreme negativity about Boohoo.
As I've already said it's going to take to mid-2023 for Boohoo's 13 brands to become fruitful. The reason Boohoo have made an extremely small loss is because of all the expenditure for marketing, infrasructure, supply chain costs for 13 brands. These are reducing and will reduce even more.
Boohoo made £2bn revenue and £1bn gross profit for year ending 28 February 2022.
The reason their net profit was down was because of all the marketing, infrastucture and supply chain costs. For example, new warehouse costs, automation fo existing warehouse costs, setting up the Leicester factory and training establishment, buying the London building in Soho where a beauty store could easily be set up on the ground floor, marketing and website costs for Debenhams, Wallis, Burton, Dorothy Perkins, Caost, MissPap, etc.etc. Boohoo have and had a mmamoth task with 13 brands. These won't come fruitful until at least mid-2023.
And the other quote from Peter Lynch is to expect to get six out of ten shares you buy right and not ten out of ten.
Realistic expectations are always better than perfection. Nobody gets it right all the time and more importantly never expect to get it right all the time. If you get it right 50% of the time then that's good enough.
"It’s missing the top on the way down that’s always expensive."
A very valid and relevent point for the BOO oracle to open his eyes to and finally accept from his detractors.
Giant Squid
Great post.
I would like to add Never let a good crisis go to waste. Financially great buying opportunities, not just talking about BOO here. The way some people on here talk its as if BOO is the only stock that is as low as whale do do. On a deeper level, when I make an error on the markets, usually timing related, I find it humbling. I am only investing with what does not impact my day to day living. I have time to wait for disposable income when the profits start rolling in again.
My quotes:
1. John Lytlle, Kamani's and the rest of the Board, take a look at the 12 month chart THEN begin to explain what you're really doing about it before discussion of any further bonuses
The key to making money in stocks is not to get scared out of them.
I’m always fully invested. It’s a great feeling to be caught with your pants up.
Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed
A price drop in a good stock is only a tragedy if you sell at that price and never buy more. To me, a price drop is an opportunity to load up on bargains from amongst your worst performers and your laggards that show promise. If you can't convince yourself 'when I'm down 25% I'm a buyer' and banish forever the fatal thought 'when I'm down 25% I'm a seller' then you'll never make a decent profit in stocks.
If you can follow only one bit of data, follow the earnings. Sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow or next week is only a distraction.
All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.
In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
People who succeed in the stock market also accept periodic losses, setbacks and unexpected occurancies. Calamitous drops do not scare them out of the game.
Whenever you invest in any company, you’re looking for its market cap to rise. This can’t happen unless buyers are paying higher prices for the shares, making your investment more valuable.
Every time you have one of these recessions, there are always groups who say it is different this time. We won’t get out of this one.
When you sell in desperation, you always sell cheap.
There’s no such thing as a worry-free investment. The trick is to separate the valid worries from the idle worries, and then check the worries against the facts.
My idea of a great business is one that has a shortage of competitors.
If it’s a choice between investing in a good company in a great industry, or a great company in a lousy industry, I’ll take the great company in the lousy industry any day
The person that turns over the most rocks wins the game. And that’s always been my philosophy.
Don’t buy “cheap” stocks just because they’re cheap. Buy them because the fundamentals are improving.
This is one of the keys to successful investing: focus on the companies, not on the stocks.
Stocks do well for a reason and do poorly for a reason. Make sure you know the reasons.
I deal in facts, not forecasting the future.
The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.
The typical big winner in the Lynch portfolio generally takes three to ten years to play out.
Missing the bottom on the way up won’t cost you anything. It’s missing the top on the way down that’s always expensive.