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My broker platform will not let me place buy orders for 13.97 or 13.95 , but will except 13.93.
First two nearer to ask price ? try to edit back up and its deleted .
The spread is 10.8%.
Share game rigged ?
Cheaper now at least this shorter also called it wrong in June last year .
Trouble place a trade yesterday .
10%spread this site, no price move
No price day chart detail today at my broker .
Fund........................................................................ % Short Change Date Changed
Blackrock Investment Management (Uk) Limited 0.65%... -0.14% ......12 Jun 2023
Will the Alliances stitch a deal up with Frasers and take the company private? Together, they could do it at a stroke of a pen. Wondering if that's what the market is pricing in?
The share price is just bleeding.
I sold some of my shares last year as you mentioned however took a loss on another portion. Much prefer 5% in the bank. Still watching for an entry but my god, every day the bid seems to take a dip.
I keep looking for a reasonable exit for this dog of a share but it never comes. How I wish I'd sold out a year ago when Ashley and the Alliances were fighting it out and the price spiked to 42p. The Alliances are rich and they have effective control of their baby. There's no incentive for them to change the management or shake up the operations or even flog the company to a smart operator who will extract value. As it is, nobody can do anything. Company won't go bust, but I can see a long, long life in the doldrums. When founder/owners are a negative in a company's existence.
Not a single trade at 17p today and suddenly the asking price goes from 17p to 18.2p?
I lost a lot on here so thought of alerting shareholders. Invest in HE1 where they found a big helium gas.
Secular downtrend on chart views for 5 year. 3 year , 2 year , 1 year, 6 months and 3 months, so speculative.
Line chart appears to show a coil formation, which is often fast moving, when it breaks out. Only buy if the sp, breaks above 18.6, in a close, the price target would be 24, measured from the coil formation. Keeping in mind my comments regarding the negative long term charts, BWNG, is speculative, and advisable to keep a sensible stop loss, perhaps based on average true range. DYOR.
Down around 40% as Warner Bros Discovery two places above it on my share table.
15.5p
Tiny part of buy order executed 12.45pm last day of year 15mins after close .
Showing as uncrossed trade this site ( ut )
This was a tip when I first bought them .
Not one of my own picks , makes my own losing picks look better .
This an example of taking a loss early a better idea.
Just sold my 23,000 shares. I'm so disappointed in this but just feel that even the meagre leftovers of my investment can make money elsewhere. I hate selling for such a chunky loss, but I have to face reality, money here is just dead money that could be working elsewhere. Good luck to anyone who still holds. I genuinely hope for the best come the January update, but fear the worst.
Agreed this is an incredibly frustrating share to hold and lack of regular news adds to the price drift. I wouldn’t expect stellar results in the short term given previous trading updates and general economic and market conditions and holding EBITDA and cash flat would be a decent result.
Feels like 2024 will be pivotal for N Brown as the economy and market (hopefully) improves and some of their strategic initiatives should start to bear fruit. Main reasons to believe are a strong / experienced management team including the new CFO and strong balance sheet.
Good Luck All.
I hope you're right! I figured when I bought in that the 57p rights issue price from a while back would act as some kind of support, on the grounds that very rich people like the Alliance family don't invest millions in duds. The losses they are sitting must be enormous, which is not really much consolation for my own losses. I wish the company would put out more regular updates, we haven't a clue how trading is going coming into this key part of the year.
I've been looking at this but never bought as alot of what I have bought is equally painfully dissolving away in value and with each continued drop in SP I have said to myself 'it's even better value now, so I'll hold' and I've held many until zero (suspension-administration). ie I struggle with cutting losses.
No words of hope, but just to say we're all most likely in the same boat irrespective of which shares we own. My only tactic that has saved me from even more losses is I've been lucky a few times with some SP gains in a matter of days and I've sold (takes courage to sell in seas of blue). If BWNG make decent profits and can grow these profits, then this SP matters not as that reality will bring a huge SP gain, but how are they doing in this tough retail environment is what one needs to ask and research and are there any debts that need servicing?
Don't panic, David and Nigel Alliance won't let this slide much longer, to much at stake for them and their family.
Owning this share has been so painful. Bought in mid 2021 at 50p and thought about ditching it this January (missed this years peak but could have got 36p shortly after). So here I am, still holding and not completely sure what I am holding for. What is going to turn this around? What is going to happen to make me not feel like a complete chump for still holding this? Anyone got any words of hope?
Top up at P17.05 see where we go
11.11% spread down 7%.
Small top up 8.05 am 17.5p.
Still not the full traunch size as mistake in calculation yesterday.
Panic being spread on this BB .
Topped up for 18.3p ( D ) would not let me place anything after decimal point yet again last week , but was accepted Sunday only a part execution 63 %.
Most of the 63% bought midday rest of it at close.
With online retail, if not bricks and mortar as well, generally looking to go nowhere in the immediate future maybe, to some extent, an understandable article given the negative aspects highlighted. Given the performances of the more notable retail onliners one had to be fearful what the Interims would hold. Could have expected worse but notwithstanding the outcome, like AA, it has been pleasantly surprising the SP has held up reasonably well.
On the counter, what are the upsides remembering the expression CASH IS KING :
- positive EBITDA of 17.5M
- positive net cash generation of 13.6M
- cash balances of 49.1M
And for those that still do not understand Securitisation, the debt is not a "millstone around its neck" but a normal feature of the Financial Services Industry where Gearing of up to 4/5 : 1 is a quite common Covenant - in this instance v Net Assets of BWNG c0.8 : 1 with Net Receivables LTV of 67.8% or 1.47x covered. Isolating, the company is, in effect, debt free.
So what of the value of BWNG shares, the following being a rough assessment :
1) v Net Assets of 383.8M (Market Cap c85M) = c83p
2) 1) less Intangibles (58.4m) = c71p
3) 2) less P & M (50.8M) = 60p
4) 3) less Nil recovery from Net Receivables after repaying debt = c28p
You can strip the business down to whatever level you want but the underlying sense is must, in asset terms, be worth at least 30/40p but as they say ... "You an make anything of numbers"!!
Even though the above would suggest there is latent value in the business above and well beyond the current SP you cannot , tradingwise, see much, in the short term, to stimulate it higher save any potential excitement emanating from one Mr. Ashley. Meantime, one to sit on awaiting the return of better spending habits allied to the easing of present financial stresses of the pocket.
EXTRACT FROM FT ARTICLE 20 OCTOBER 2023 citing INVESTORS CHRONICLE ANALYSIS
SELL: N Brown (BWNG) The online retailer is losing customers in what appears to be a continuing trend, writes Christopher Akers. After years of revenue falls, it isn’t a surprise to report that N Brown’s top line moved in the wrong direction in its latest half-year period. In an update in June, management pointed to unhelpful spring weather and low consumer confidence as key factors behind weak trading. The Aim-traded online clothing and footwear retailer swung to a loss as wet weather in July and August also deterred shoppers from updating their wardrobes. Revenue contraction was, unsurprisingly, seen across both the company’s divisions. The broader post-pandemic ecommerce comedown is hurting. Product revenue fell by 11 per cent to £188mn. Lower retail sales had a knock-on impact on financial services revenue, which was down by 9 per cent to £110mn. A glance at the company’s key performance indicators highlights the scale of the challenge as it tries to turn things around. Website visits fell by 13 per cent, order numbers fell by 18 per cent, and active customer numbers fell by 14 per cent against last year. On the plus side, the gross margin was up 40 basis points, helped by improved freight rates and lower underlying financial services arrears. And adjusted cash profits of £18mn were in line with board expectations. Management forecasts profits of £45mn for the full year, although this would be a £12mn annual fall. With sales headwinds set to continue, we see no reason for an upgrade. House broker Shore Capital said that strategic progress has provided a basis “to ponder a return to much stronger profit growth and cash generation in the medium term”. That looks like wishful thinking based on the current evidence
Fair points. Clearly the news filtered out yesterday, hence the fall. But not a bloodbath today. Sorry, but what does "Buy order not placing on ( D )" signify?
Rns 7am Interim Results insiders obviously aware not good , new lows yesterday .
Down another 2.5% showing with a 6% spread.
Buy order not placing on ( D ) in past been a bad sign in general .
After reading the underwhelming results, I had expected a sharp drop at opening. Proved wrong as usual: share price seems cool as a cucumber. I suppose the price is now supported by the presumed A v. A competition. It’s some comfort to know that I am in such distinguished company, since like them I bought too high and am nursing a nasty loss. I'll probably top up sub 20p.