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.
Good luck for tomorrow all those that stayed in here. My paper hands couldn't handle it.
Other issue with this stock is liquidity is crap so its hard to get out of it.
I still hold 60% of max holding this year, but I think that we may have a correction in global stocks to get through.
Mmm, my impression is that the US market futures are -ve so we may see more UK market falls today or tomorrow.
HTtps://www.cnbc.com/pre-markets/
I ended up closing my position here. Consumer spending is likely to fall and all inputs costs are rising. Not a nice mix.
No risk, no retuen.
The US, due to vaccine idiocy, is being hit by delta. But the pandemic will burn out eventually (as it has in the UK, in terms of mortality) and confidence will return to the markets.
Well the company is in turnaround ,and as per last trading update, the strategic brands are growing.
I have a core holding, but have been trading them a bit to take down my average.
I should have bought on Friday perhaps, but at the moment looking to hold some cash as the global markets seem to be entering negative territory.
If you see a trade go through for 132K shares, in the last few minutes, that's me topping up. Gulp!
I think US market futures have now turned + ve.
However, still think there are enough market risks around to a US or even global correction.
We'll see ...
US stock market futures are not looking good today either so I'm thinking their is more turbulence to come.
Is it the long heralded correction to US equities ?
Well the global markets are not looking good at the moment, eg from Blomberg :-
"Futures on the S&P 500 and Nasdaq 100 indexes lost 0.5% each after the underlying gauges ended September with the biggest slides since March 2020. European stocks headed for the worst weekly plunge since January. Occidental Petroleum Corp. led premarket losses in New York as oil’s rally stalled.
As investors brace for the Fed to wind down its stimulus, fears are mounting about slowing economic growth, elevated inflation, supply-chain bottlenecks, a global energy crunch and regulatory risks emanating from China. A short-term deal that averted a U.S. government shutdown was dwarfed by concern the crisis could return in weeks and also delay Biden’s $4 trillion economic vision.
“A rocky start to the quarter is inherited from the wobble in U.S. equities amid a patchwork approach to avoiding a fiscal cliff conspiring with rising fears of inflationary shocks accentuated by the scramble for energy,” said Vishnu Varathan, head of economics and strategy at Mizuho Bank Ltd. “The threat is not merely interrupted growth/recovery but rather self-inflicted pain amplification between U.S. fiscal fumbles and China’s regulatory agitation.”
https://www.bloomberg.com/news/articles/2021-09-30/asian-stocks-set-to-follow-u-s-equities-lower-markets-wrap
*from
Margin compression for higher input cots combined with reduced consumer spending, doesn't look good for retailers.
The main thing that BWNG has in its favour is that it trades on very low multiples vs its peers (ASOS and Boohoo), but I am still worried about these macro headwinds. I work in energy trading and the structural bull story remains in place for 2022 and beyond, so inflation might not be as transitory as people are saying.
Well we know some of those cost increases will effect all like gas and oil.
However, some may be specific to Boohoo which I believe was using very low wage suppliers and maybe now has been forced to pay more for it's production.
Had this on watch for a while,, kicked myself for not buying at 46p…
After reading the boohoo results today I’m going to wait and read Bwng results before buying.
Thats a hell off a drop in profits for boo and despite their revenue rising.
Rising costs and brexit issues may have effects on a lot of the clothing industry.
Boohoo having an adverse effect on online retailers :-
"On AIM, boohoo Group was down 10% after the online fashion retailer not only warned that Covid-19 is still hitting consumer demand, but it also cautioned on rising costs as inflationary pressures accelerate.
Revenue during the period rose 20% year-on-year to GBP975.9 million from GBP816.5 million. Compared to two years earlier, so before the onset of the pandemic, the fast fashion firm's revenue was up 73% from GBP564.9 million. Rising costs have hit profits, however. Pretax profit fell 64% to GBP24.6 million, from GBP68.1 million a year earlier.
Looking ahead, boohoo expects full-year sales growth of 20% to 25%, which implies second half sales growth of 20% to 30%.
However, annual adjusted earnings before interest, tax, depreciation, and amortisation margins are now expected to be 9% to 9.5%, lower than 9.5% to 10% as previously guided. This reflects ongoing investments across technology, offices and infrastructure, boohoo noted.
Further, boohoo warned elevated short-term cost pressure experienced in the first half is expected to continue in the second half alongside recent freight cost inflation in the supply chain and wage inflation within its distribution centres.
AIM-listed rival ASOS was down 4.9%."
https://www.lse.co.uk/news/BOO/london-market-midday-stocks-mixed-oxford-nanopore-soars-on-debut-1apl48qjpup4ch4.html
Sure.
I did wonder if this would close below 50p, but generally seems to want to yo-yo in the 50 - 52p range.
The results on Friday 8th October 2021 should give the share a sense of direction.
Maybe there will even be a bit more info. on the Allianz claim.
Jupiter closed their short a few weeks ago, but feels like someone else is shorting it currently as its been sold down from 55-56p.
That's true enough redninja - and the fact that they aren't buying now at these depressed levels suggests to me a lack of confidence in a good outcome. On most metrics though, this share is dirt cheap...
Mmm yes but there is the small fact that Allianz have increased their financial claim against BWNG by £36 million which will only be resolved next March.
Worries of general market correction, and the economy generally not helping either.
... and getting cheaper! Now well below what the Alliance family were paying a few months ago.
BWNG still looks cheap on most metrics.
I think HereKittyKitty is upset I didn't share his bullish view on ASOS. Everyone got rather defensive when I put forward a different view. Which was, that high energy prices could hit the pocket of the consumer and therefore spending. So looking for a lower entry point
I still like the turnaround story here and happy to stay invested as expect decent results given online sales traffic indications.