Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Just a thought but I wonder if the 1% are dumping cash ? , silver gold and blue chips all climbing steeply , could it have anything to die with all the Monopoly money being printed and a hedge against the obv inflation that’s over due ?
Why, thank you NigeCo.
That made me laugh out loud Velo, best post today by miles. So funny.
" . . . But is Bloomberg is wrong?
Or LSE?
Because their numbers differ by over £3 bill...
And you have got a track record for posting data reaped from dubious sources:) "
Toff "
------------------------------
Dear God! He's got the Trump gene. Even when he's been outed as crap at balance sheet reading, the Asperger's syndrome kid is still in denial!
You are plain wrong and Fleccy is right, numb nuts! Get someone to read things out loud for you because you're blind as a bat!
I blame the education system that teaches these wackos to deflect the blame elsewhere, when their ignorance is highlighted. It's neither Bloomberg or LSE - it's YOU numb nuts - YOU are wrong. Stop blame shifting you coward!
Can anyone ever believe anything that comes out of this wacko's mouth?
I wonder, were you a circus contortionist in a previous career?
Because, how on earth do you get your mouth and your foot up your rrss - all at the same time?
"Question. Where’s Cpl Jones. Or has he now Panicked."
NDN, the likes of Cpl Jones won't be heard from again if the BT share price were to continue with the recovery.
Question. Where’s Cpl Jones. Or has he now Panicked.
"I really wouldnt get too deeply involved in nav/equity values ...besides if the asset earnings drop too much there could well be asset value writedowns like with the big oil companies..."
The discussion was around a comparison of BT and NG's earnings, debt and market valuation. The Total Equity conversation came up later as a side issue, but i agree that it isn't relevant to the original comparison made earlier in this thread.
"But is Bloomberg is wrong? Or LSE?"
Well i don't know where Bloomberg source their figures, because i don't use them.
I always take my information from London Stock Exchange, as that is where BT is officially listed.
London Stock Exchange take their figures directly from the listed companies and in BT's case, the LSE's quoted figures match BT's annual report.
https://www.bt.com/bt-plc/assets/documents/investors/financial-reporting-and-news/annual-reports/2020/2020-bt-annual-report.pdf
In summary your quoted Bloomberg figures don't match the reported results on the official Exchange, or BT's annual report figures.
Fleecy
I’d imagine the bulk of BT’s assets are socked away in their pension fund - which I believe is around £50 bill
Toff
The market doesnt really care about NAV anyway right now....more interested in revenue/earnings from the assets, cash burn/cash flow, income statement, capex,exceptionals,debt interest payment upkeep.... I really wouldnt get too deeply involved in nav/equity values ...besides if the asset earnings drop too much there could well be asset value writedowns like with the big oil companies...
My apologies Fleecy
But is Bloomberg is wrong?
Or LSE?
Because their numbers differ by over £3 bill...
And you have got a track record for posting data reaped from dubious sources:)
Toff
Really not bothered what either of you are smoking, but can you please keep it up chaps
My IMB holding is up 2% today, so far.....lol
Did someone mention NG....
This 'fool' thinks they are a cracking buy...
https://uk.investing.com/news/stock-market-news/bp-share-price-id-buy-this-ftse-100-share-for-big-dividends-as-the-oil-giant-cuts-payouts-2179346
"What are you smoking.? The figures from the link you posted are as follows. I know it’s been a catastrophic investment, but keep it real."
Toff, it's not my fault that you can't read a web page correctly, the figures you've just quoted are in the column dated 31.03.16.
The figures i quoted are in the column dated 31.03.20
Your figures are from 2016, whereas mine are from 2020.
What have you been smoking?
Fleecy
What are you smoking.? The figures from the link you posted are as follows. I know it’s been a catastrophic investment, but keep it real.
Toff
Total Assets
42,592.00
Non-current assets
34,458.00
Current assets
8,134.00
Total liabilities
32,212.00
Non-current liabilities
21,196.00
Current liabilities
11,016.00
Net assets
10,380.00
Total Equity
10,380.00
https://www.londonstockexchange.com/stock/BT.A/bt-group-plc/fundamentals
Balance sheet
31.03.20 (£m)
Total Assets 53,067.00
Total liabilities 38,304.00
Total Equity 14,763.00
Fleecy
This compares favorably to Rolls Royce
Total assets £32,226 bill
Total liabilities £35,620 bill
Rolls is one of the world’s most indebted companies and best avoided in my opinion.
If I find time today I’ll write an article on Hammerson, the markets most shorted company and one of the most indebted.
Toff
Fleecy
BT has:
Total assets of £53.067 Billion
Total Liabilities of £38.304 Billion
Total Equity of £14.763 Billion
Not according to Bloomberg they haven’t
Total assets £51,395 billion
Total liabilities 41,110
Debts to asset ratio is 46.36%
Check your source; it may be a few years out of date
Toff
"My 2 cents worth, I think bullish investors are just assuming that the Fibre rollout will be the end of the heavy capital expenditure for BT. This is something I don't agree with. When it comes to technology, history teaches us there is ALWAYS another upgrade to be had. We just don't know what it is yet."
What is your area of expertise "youlivelean"?
Telecoms isn't technology like Ipads, or games consoles. The rollout of FTTP and 5G involves a big infrastructure spend, because it is a once in a multi generation upgrade.
Copper has bandwidth limitations and that is why it needs full replacement. Fibre can carry multiple terabits of data, with the ability to upgrade services using techniques like DWDM. The versatility of Fibre to carry different services also adds to its flexibility.
Theoretically using Fibre you could turn every home into a 5G cell, if home owners agree to it. You could allocate a DWDM wavelength to normal services and a wavelength for commercial services, such as 5G, separate from the residential services and the two would work independent of each other. I'm not saying things like this will happen, but FTTP makes it possible.
5G can satisfy all the mobile bandwidth needs, as long as there's enough cell coverage for the various frequency ranges. Unless Physics finds some kind of breakthrough at the Quantum level, i don't see any upgrade path from here for the next hundred years. The phones will improve and there will be new technologies around IOT, but FTTP and 5G will allow that transformation to a fully connected world. The only downside is that privacy will completely disappear, our lives will be fully documented from birth to the grave. Cars, phones, AI and surveillance will probably make privacy a distant memory.
Lets clear one thing up. Looking at PE ratios with heavily indebted companies such as BT is a waste of time as they are just borrowing money to create earnings. There are much better yardsticks out there.
My 2 cents worth, I think bullish investors are just assuming that the Fibre rollout will be the end of the heavy capital expenditure for BT. This is something I don't agree with. When it comes to technology, history teaches us there is ALWAYS another upgrade to be had. We just don't know what it is yet.
"Except..... NG assets £70bln & is their revenue dropping?"
How does the value of the assets make any difference to the debt?
National Grid has:
Total assets of £67.089 Billion
Total Liabilities of £47.527 Billion
Total Equity of £19.584 Billion
BT has:
Total assets of £53.067 Billion
Total Liabilities of £38.304 Billion
Total Equity of £14.763 Billion
A Total Equity difference of less than £5 Billion. When comparing the two is asset value's that relevant anyway? Assets get old and can get written down and are i liquid, so valuations are unreliable. National Grid will probably have big infrastructure costs around green energy going forward, so may have to borrow more.
Aus for someone who claims to own BT stock, you go out of your way to try and trash any argument highlighting BT's undervaluation.
If BT was valued in an equivalent way to NG, BT would be far higher than it is now.
Except..... NG assets £70bln & is their revenue dropping?
"Indeed Nige, comparing the two, BT looks in better shape.
The reason I picked NG to compare to BT, is because people keep coming on here and making out that BT's debt is untypically high, but the reality is that it's not that bad. If you break down BT's debt even more, the lease liabilities add £6.5 Billion to the overall figure, so BT has less than £12 Billion of true debt. Like BT, NG is at the mercy of regulators and Openreach has a similar utility type profile to NG. If the market gave a similar valuation to BT as it does to NG, then BT would be up near £5 a share.
Out of the two companies, NG is at far higher risk of share dilution than BT imho."
My thoughts exactly Fleccy, give me a company with a very low p/e every time over a high p/e. BT has all the bad news, and some built in, unlike NG, IMHO.
"Also to add NG p/e 25.33............. BT p/e 5.63."
Indeed Nige, comparing the two, BT looks in better shape.
The reason I picked NG to compare to BT, is because people keep coming on here and making out that BT's debt is untypically high, but the reality is that it's not that bad. If you break down BT's debt even more, the lease liabilities add £6.5 Billion to the overall figure, so BT has less than £12 Billion of true debt. Like BT, NG is at the mercy of regulators and Openreach has a similar utility type profile to NG. If the market gave a similar valuation to BT as it does to NG, then BT would be up near £5 a share.
Out of the two companies, NG is at far higher risk of share dilution than BT imho.
Fleccy .........."Which company looks healthier BT, or NG?"
Also to add NG p/e 25.33............. BT p/e 5.63.