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.
Yes and in this instance perhaps worth mentioning you can’t lose what you never had.
"The problem with making uninformed predictions is that when you get them wrong you lose all credibility."
I agree TA,
"It takes 20 years to build a reputation and five minutes to ruin it" According to the great man Warren Buffett.
Lamtree
‘Its all been down hill from there for BT and theres further more to come’
Your crystal ball’s not working, BT is going uphill.
The problem with making uninformed predictions is that when you get them wrong you lose all credibility.
Toff
"Hi Fleccy, if indeed the dividend does get reduced, what would your expectations be regarding the amount of the cut?"
Like everyone else, i can only speculate from financial press reports and they seem to think around a 4 to 5p cut. As i say though, i don't see why they should cut, as interest rates are currently rock bottom and BT should easily be able to borrow on extremely favourable terms. This debt narrative around telecom stocks is all smoke and mirrors as far as i'm concerned.
"Its all been down hill from there for BT and theres further more to come."
Iamtree, tell us where the floor is for BT then, because it stands to reason that even the market has a limit to how low a share can be weighed down. Are you saying £1 maybe? Like some like to tout as a figure.
Lets say BT goes down to £1.
With 9,882.20 million shares in issue it would value BT group at less than 10 billion pounds. With EE valued at over 12 billion, that would mean that the rest of BT group would carry a negative valuation. Hang on, surely BT must be a loss making company for that to happen, but no they are pulling in around 23 billion in revenue with a bottom line profit over £2 billion with a covered dividend around 1.4 times.
Hmmmm confusing, don't you think?
So Iamtree, i ask again, tell us where the floor is for BT?
I'm prepared for a cut in the dividend and i believe this is already priced in
Hi Fleccy, if indeed the dividend does get reduced, what would your expectations be regarding the amount of the cut?
Hi Velo i agree with you, but it stands to reason that any stock eventually hits a floor and BT appears to be around that vicinity. Probably bounce along now until Mr Market decides to push it upwards. I still think it's DT's stake that's keeping BT around the current low valuation. I believe BT will be held down until there's some clarity around DT's intentions. I also believe that the market is pushing BT to drop the dividend to weaken DT's case for holding the stock. The question for me is, does the market carry more weight than DT's representation on BT's board? I'm prepared for a cut in the dividend and i believe this is already priced in, but i also don't believe it's required and i think DT will fight tooth and nail to keep it preserved. I don't believe BT is fair value, the market knows it and the big players are intentionally holding the price down.
Don't know if this will be clickable to view, but anyway it's BT's chart on Google Finance. (Couldn't get the charts above to function without writing too many instructions for those who are non-chart interested, so they can see at a glance).
I'm posing an open question that's been growing steadily in my mind for some months and despite this recent retracement in the SP my question is still valid. First off, the SP has been retracing for 4 solid years, yes? And has just entered the 5th year with almost one month gone of the 5th year, and BT still in a disappointing retracement with it's SP.
But is it - still retracing?
All my long term trend lines and indicators still firmly pointing downwards. But I want to make a giant leap. The down trend was unmistakeable from the beginning of 2016 up until May 2018.
It is my contention that from May to 2018 onwards, a case can be built that no one can say with the same conviction as 2016 to 5/2018 that it's the same down trend. It's looking more and more like an SP "hunting" for a floor. When it becomes obvious, the whole world and his dog will be on to it. I ask you to look at the Google chart below (if it opens) and see what I'm proposing that you can see unmistakably, the giant retrace from 2016 to mid 2018.
But then - my big question is, do you see that from May 2018 to present? Do you agree, that IS NOT THE SAME DOWN TREND that was in play in the first 2.5 years to May 2018? Since mid 2018 it has NOT been retracing at the same ferocious rate. The breakouts are stronger, but overall, the downtrend does not have the same strength.
There's not a chartist in the world that would support that idea but I'm becoming more and more adamant that this last year and half, is not the same down trend that has become standard shorthand to describe BT's SP lacklustre performance.
Just another couple of months and if that shape continues, forming, including any more visits to bottoms like yesterday, then I will become more assertive that it's slowly, ever so slowly - v slowly - hunting for a floor.
Do you see it? The shape? This is an off-beat personal view. Even if you agree, no one else in the professional world will, so it's just an open forum question at the moment.
https://www.google.co.uk/search?tbm=fin&sxsrf=ACYBGNQOx3bcdztRHgGPXZRjFL1fDqc4nQ:1580242351843&q=LON:+BT.A&stick=H4sIAAAAAAAAAONgecRoyi3w8sc9YSmdSWtOXmNU4-IKzsgvd80rySypFJLgYoOy-KR4uLj0c_UNknOMio0MeRaxcvr4-1kpOIXoOQIACRJj90YAAAA&sa=X&ved=2ahUKEwja5KbAjafnAhVvURUIHYBCBL8Qlq4CMAB6BAgAEAU&biw=1024&bih=625&dpr=1#scso=_uJUwXq73CaWd1fAP9KmL4AU7:0
It won't open on 5 years so click the '5 years view' above the chart. The pattern can only be seen when all of 2016 is included in the chart.