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.
Thanks Buffettslovechild for another great comment, love it.
Oceanpassage , I really did sell and yes I really did buy back in at marginally higher price. Vorag thank you for noticing how I admit and own my mistakes and more importantly learn from them! Simple case of a panic sell from watching stocks around the world dropping followed by possible lockdown news. Share expert, I am 15k up from boo hoo alone, so no I am not the smartest trader but i manage to do ok for myself. Holding 28000 shares now and will not be panic selling every again ! Good luck everyone and let’s hope for a great reaction after results !
I posted that late on a Sunday so many will have missed the thread. Thanks for re-posting, it’s nice to read it back at a time like this when we feel all feel the emotions of day to day investing. There are lots of books recommending the method so I try to roll with it and keep faith in the numbers! Interestingly I just finished a book on another subject of behavioural Investing and the final chapter steered back to this as the most effective form of investing when it came to beating the market! Studies also showed that the really outstanding investors investigated either forgotten about their shares or were dead! ??. I know it’s not easy but stay calm and stop watching the candles is the best strategy!!!(I wish I could follow it)
Check out the Nasdaq and amazon recovery today from over 2% down to being up 0.4% and the futures are still climbing after close now. We largely follow these more than ftse I have noticed. Looking for a quick move back to 320 tomorrow
I wonder if s/he actually hasn't sold , and is just feeling out the idea. Otherwise silly move I'd definitely buy back in immediately sales will be great and a developed online sales channel are hard achieve and will directly benefit from a lock down. I can't believe you have compared the last panic selloff on the back to f the first lockdown to the current one the world has changed now.
Seems like a poor decision to me
Loved this comment about Boohoo on here from poster called Buffettslovechild so have copied it below again for those who may have missed it. This is Part 2 of it.
Estimate of the Intrinsic value price of a Boohoo Share.
1) 5 year EPS growth rate estimate from yahoo finance (analysis page) is 29.9% per year. From the balance sheet we can see that equity has grown from 85.5million in 2015 to 569 million in 2020. That is 46% per year compounded growth.
2) The 5yr historic PE from MSN Money price ratios is High of 70.86 and low of 37.69 is 52.7 average.
3) Current EPS (TTM) is 5.3p x growth rate 1.3 x 10 yrs = 69. Therefore the estimated EPS is 69p in 10yrs.
4) The earnings per share of 0.69 x the future PE of 52.7 gives a share value in 10 yrs of £35.88.
5) If you take 15% profits year on year from this sum you achieve a current fair price of £7.71
6) discount this by 50% for a margin of safety purchase price of £3.85. Basically you can buy this all the way up to £3.85 and still get a fantastic bargain.
I have run this calculation on a multitude of companies, and none meet the criteria. If you can find any companies with a solid history of exceptional trading like Boohoo that have lost substantial value through no real fault then please let me know of them.
Loved this comment about Boohoo on here from poster called Buffettslovechild so have copied it below again for those who may have missed it. This is Part 1 of it.
I am interested to know if anybody here is a value investor. I follow the Buffet style Investing as best i can which is really difficult because there are virtually no companies that meet the criteria at present. In fact, Boohoo is the only business that I can find. Has anybody on here worked out a number for the intrinsic value that they can share. For clarity, Buffet and Monger calculate the amount of cash that owners (us) can take out of a business and then discounts that back to find a fair current day value of the stock and then look to buy with a margin of safety.
Intrinsic Value of Boohoo
The calculation method I use is as follows;
1) Work out the expected future earnings per share (EPS) growth rate of the company
This is based on either the analyst's evaluations on say, yahoo finance for 5yr growth, or on previous year's performance based on equity growth, whichever number is the most conservative.
2) Work out the future Price to Earnings ratio (PE)
This is taken as either the average of previous 5yr high and 5yr low. Or double the growth rate, whichever number is most conservative.
3) Estimate what the Earnings per Share will be in 10yrs time.
Take current earnings per share and multiply by the EPS growth rate and number of years (say, 10). This will give the estimated EPS in 10 yrs.
4) Calculate the share value in 10yrs time
This is basically the estimated future Earnings per share x the estimated future PE value.
5) Discount to find todays Fair value for the share.
Discount this estimated share value back to the current day but take your required annual profits required out each year. (say, at 15%)
6 Reduce the sum to have a margin of safety I think 50% is acceptable.
This is because we know that everything may not go as planned. This is basically the maximum we are willing to pay per share as a new owner of the company.
OracelofOldham - For me, Boohoo is a great growth share at a cheap price.
just to clarify I'm not selling now (actually bought more today) I'm selling a fair chunk after what I expect will be a good bounce from next week's report.
I agree this is a good stock (otherwise I would be selling out completely) but it's not the only game in town and there are quite a few price alerts going off today on a number of stocks I've had my eye on so IMO it makes sense to buy those. I agree share price doesn't always follow revenue but with the other macro events on US election and Brexit it's may well be a winter of discontent.
Perfect for picking up good companies on the cheap!
Sorry *own*
Out of any share I won, I am confident about Boohoo. It will rise again sooner or later and long term I am 100% confident of its strength and depth. That’s my tip but as always DYOR.
It's true, no-one knows what tomorrow may bring. You make your investments on research and gut and manage your emotions and positions with a clear head. If you don't, you may lose money more easily and miss out on making money.
I just see people panic on here and say they've sold, based on an intraday drop (and some macro news) and know that is not ever a good thing to do in the stock market.
Well, as usual, nobody knows what will happen with the share price. Lots of educated opinions.
I'm so glad, I don't trade shares. I research and find great growth shares like Boohoo, buy them and hold them through every up and down. Whilst I hold them, I research them, the markets and the news every day, so I'm confident to keep holding them.
Oracle - this has been priced in since the Furlough scheme was announced. It was never meant to run indefinitely. The key here is to focus on market share and not revenue (which investors know won't be as high as in a boom)... Online retaillers will dominate the next 6 months, and Boo is one of them. Selling now would be a colossal mistake, IMHO.
That is where boohoo hold the egde 1) Price 2) Promotion 3)Marketing PR 4) Worldwide growth (big push lately in UAE et al) continuing in US - we saw today example of superdry analysts saying "premium" brands struggle because of asos/boohoo.
BTW won't sell anything until after results
I think everyone is focusing on a possible lock down and forgetting a definite cliff edge when the furlough scheme ends.
In the summer 9 million people were sitting at home (and sometimes Bournemouth beach) not able to go to shops BUT still picking up 80% of their wage.
I would guess 4-5 million of those people at least will not be getting their jobs back which means I can't see the next 6 months sales being as strong as the last 6 (even with xmas and black friday).
I won't be selling all my shares for sure (maybe 30%-50%) and will be looking to reinvest those I do in other companies for when the recovery comes (rather than sitting in cash), but whilst I expect boo to do better than many other retail companies, the next 6+ months for any company that relies on discretionary spending will not have strong sales.
Hey Vorag
Game of Threads :)
At risk of sounding like PeoplePower - holding is the best play here. Having watched the share from Mayish and jumped in and out a couple of times for profit, I now got in at 230ish and will be holding long term through the ups and downs. Small top up today on the dip which may be traded after results, but happy to add to core holding if nothing materialises immediately. From experience this share is heavily sentiment based and tends to do the opposite thing to the market when it is Covid linked news (except today)! I’m confident it will resume it’s creep back toward the 320 test level and either bounce back off or smash through to 350, pre results.
Fine to make the mistakes Jay. It’s like paying for your education- so long as you learn from them and add the lessons to your mental checklist when you trade (or don’t trade). Actually, owning your mistakes is a key point which you seem to have done well. gLa
Well your not a very smart person are you.
If a full lock down happens again, guess what, ONLINE BOOMS further, guess what BOOHOO is an ONLINE BUSINESS!
Are you seeing the picture here.
Lock downs help BOOHOO grow their business faster, the smart investors know this and is why they are investing heavily in this share, any further lock downs play into our hands not against us, any SP drop will be small and short lived, long term this share is going to more than double from where it is today.
No high street, more online business.
If anything COVID fears ending and lock down never happening again will result in BOO not growing as fast, so Lock Downs are actually a positive for BOOHOO, not a negative.
I wasn’t trying to entice anyone to sell. just wanted to see other people’s thoughts on my strategy as there are a few experienced traders in this chat. But ye, onwards and upwards .
I've made much, much bigger mistakes rest assured. However I feel the real take from this would be to not so nonchalantly boasting sells in a bid to what could be construed as attempting to entice others to sell out of fear to then turn back on it hours later and look like a bit of a UK government.. eat out to help out and all that ;)
Ye small mistake I made today but hey you learn from your mistakes and move on. Initially bought in at a much lower price couple months ago so not going to beat myself
Up about it lol
*Rodders
Sell at 304, buy at 308 and rinse and repeat. This time next year Rodgers, we’ll be millionaires.