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Annual results were 10th March Trencherpilot.
Pretty sure the end of year results drop soon. Can't remember when we got the announcement last year, when I'm in tomorrow morning I'll check on the internal system.
There are a host of really small dealings every day . Are these mainly short term investors speculating ? There seems to be no reason behind the recent price fluctuations and some reassurance from the company would be welcome
Sick to the back teeth of aim, management need to get the company out of it, 89p yesterday, joke this drop
I think the decline may be to do with the perception amongst some that rising interest rates will cause a decline in house building?
Does the market know, that the same as the last few years, Breedons employees share save schemes mature in March, so in Apr/ May there are going to be loads of shares sold cheaply? (I'm hanging on to mine)
Don’t think you’ve missed anything other than a steady decline
What does the market know that I don’t? Have I missed any announcements from the company?
Londoner 7
I don’t disagree with anything you say and indeed Breedon is my largest holding by far therefore I want to be positive on the company
Couple of points I would make are
October/November/December generally tend to be very busy months in the quarrying industry with supply plants flat out
I would also point out quarrying companies often buy each other’s materials dependent on material availability in particular areas
Breedon shares have tended to stagnate over the last few weeks whilst other material suppliers appear to doing a little better
I’m just trying to work out where their growth Is coming from
I hope I’m being pessimistic and It becomes unwarranted
Just my thoughts GLA
A good 2m chunky buys slipped through today, expecting a holdings RNS shortly
On Friday the ONS released two updates which were positive on November construction activity. In the GDP release the Nov number was the strongest since Sept 2019, after a weak Oct number, the weakest since last Feb.
In the second release, GB construction output release for Nov, the main points were:
• Monthly construction output increased by 3.5% in volume terms in November 2021, which is the largest monthly rise seen in construction output growth since March 2021; anecdotal evidence from survey returns suggested the strong demand for work, in combination with supply chain bottlenecks for certain products easing and the unseasonal mild and dry weather were the main reasons for the increase.
• Monthly construction output increased 3.5% in volume terms in November 2021 compared with October 2021, to £14,676 million. This is the highest level of construction output since September 2019.
Breedon management has frequently highlighted infrastructure and new housing as their key markets within the construction sector. One of the consequences of Covid is a significant reduction in ‘private commercial’, office space to you and me. Alongside a jump in infrastructure (HS2 will be a significant component) the proportion of infrastructure and new housing in the ‘new work’ mix has increased from 59% in Nov 2019 to 67% in Nov 2021. Not only is construction activity improving but the mix is also moving in Breedon’s favour. Which supports Trencherpilot’s recent post, “I work for Breedon, and if I tell you that our main quarry can't keep production in pace with demand from customers and concrete plants, so we are buying gravel off the nearby Cemex quarry to keep plants going, does that tell you how busy Breedon are in the East Mids?”
Disappointment is the word here.Since the original management left one by one this appears to Following a downward trend.I was optimistic that this would be a case of onwards and upwards but now I am nervous -I understand this is not one of the more sexy shares but was hoping for a bit more
I think think Breedon could escape this inertia if it moved from AIM to the main index. It is a well managed and well regulated company, which would have little difficulty moving up. Meantime, it will continue plodding.
I am really disappointed with this stock of late , nothing seems to be happening and the capital markets day didnt impress me . The management in my view gave a cautious approach in there future plans and direction with little to give me the impression that this stock is worth keeping especially when you look at how its performed ( share price ) compared to other stocks in the sector over the last 4 years .The jury is out
Based on last years Annual Results being in March then if repeated this year we can expect Dividends (if any) to be ex in April and Paid in late April/May.
Any dividends soon? Share price is stuck, need some return on my investment.
I work for Breedon, and if I tell you that our main quarry can't keep production in pace with demand from customers and concrete plants, so we are buying gravel off the nearby Cemex quarry to keep plants going, does that tell you how busy Breedon are in the East Mids?
My limited input is that other Than March the busiest period for the quarrying companies are November and December and the Breedon plant by me has been working days and nights which I assume is replicated with their other plants within the company which are allow to work outside normally hours so I assume plenty of revenue
Yeah any thoughts from others following here would be appreciated. Would the potential of an interest rate hike coming soon be affecting the SP?
Wtf is going on with the share price?
Hi Londoner7,
i know you would do understand, but my wording was very poor. Almost, or perhaps, as bad as those ENQ RNSs...
ATB
L3Trader, you say, "Thinking of your estimate, it might be that revenue for the first 10 months will this year be lower than that c.86% of yearly revenues. There were shutdowns early in the year, so that might have an impact of a few percentage points."
I agree, but I tend to a conservative outlook, which is why I stuck with 86% (as I recall from 2018&2019 numbers). Life's better with pleasant surprises. ;-) I considered an adjustment for the Covid impacted start in Ireland, but decided against it. I do now see a route to a better calculation, which I might look at, but it's somewhat academic, the EBIT guidance is crystal clear.
I might struggle to make the live webcast too, but as it isn't taking questions from retail, I'll be happy to catch a recording later.
* On your follow up. I did understand the point you were making.
Hi Londoner7,
In other words, if revenue so far is only e.g. 83.5% or even less than this percentage of the revenue for the year we will see better numbers than expected.
ATB
Hi Londoner7,
Thank your for your reply and further info and thoughts about BREE.
I believe my optimistic projection is not going to be missed by much. This is very good news.
Thinking of your estimate, it might be that revenue for the first 10 months will this year be lower than that c.86% of yearly revenues. There were shutdowns early in the year, so that might have an impact of a few percentage points.
I am very happy BREE delivered. RNS has some useful info, namely in terms of capital spend. So, perhaps they won't go for a large acquisition?
Unfortunately, I cannot attend the presentation unless a meeting at work gets cancelled...
ATB
logistics and house sales slow down the next tail winds, but they may be unfounded for bree..... wonder where this ends up in terms of share price, I'm considering of reducing around 119p in the short term
DYOR