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.
Famous last words, but is this finally getting some momentum? This has taken far too long but it does feel like the tide may have turned a little. As I say, possible spoken too soon here, but feels positive.
Buyback recovery issues fixed 10% off recents highs plus dividend paying... readding
A board that has run out of ideas. If they can’t think of a better way to spend 15mil than on buybacks, that is a pretty sorry story. The investment in the brands is terrible. How about giving them an injection of cash?
C&C Group plc
Launch of €15 Million Share Buyback Programme
Dublin, London 21 February 2024: C&C Group plc ('C&C' or the 'Group'), owners of the Tennent's, Magners and Bulmers Ireland brands, and Matthew Clark and Bibendum Wine, announces that it will commence a share buyback programme on 1 March 2024 to repurchase ordinary shares of the Group (the "Shares") up to a maximum aggregate consideration of €15 million (the "Programme").
The Programme forms part of the Group's plan to return up to €150 million to shareholders over the next three fiscal years as announced in October 2023 through a combination of dividends and share buybacks and follows the reinstatement of dividend payments last year. The Programme is underpinned by the Board's confidence in the medium-term outlook for the business and its strong cash generation capabilities. The Board also believes that the Programme represents the most effective use of capital in the current environment.
Fantastic? Not the adjective I would have chosen!
With increasing confidence in the medium-term outlook for the business and its strong cash generation capabilities, the Board reaffirms its intention to distribute up to €150million to shareholders over the next three fiscal years while maintaining the Group’s leverage target of 1.5x to 2.0x.
We’ll see Mary. This outfit is a perennial under performer. I have very little confidence in the management. Not expecting a strong trading update.
So much potential, trading update on 18th - all the glitches behind C&C now.
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=CCR:LSE
Looking like an upside surprise next week
Some deserved momentum at last.
Https://www.cityam.com/private-equity-firms-line-up-london-lawyers-ahead-of-deals-frenzy/
Rivate equity firms are predicting a busy first two months of deals next year
Private equity firms have been lining up London lawyers and floating “teasers” to the market in recent weeks ahead of an expected deals frenzy in the first quarter of next year, insiders have told City A.M.
Top deals lawyers in the Square Mile say they have seen a flurry of interest from private equity [PE] houses through December, who are looking to audition potential advisors before a rush of demand at the start of 2024.
Companies looking to sell are also floating “teasers” to the market to give potential buyers time to size up assets and do their due diligence ahead of a busy market in January, Christopher Sullivan, a partner at Clifford Chance said.
Analyst Future Growth Forecasts
Company35.9%
Industry6.1%
Market10.5%
Forecast annual earnings growth
Company4.0%
Industry3.7%
Market3.9%
Forecast annual revenue growth
Earnings vs Savings Rate: CCR's forecast earnings growth (35.9% per year) is above the savings rate (1.5%).
Earnings vs Market: CCR's earnings (35.9% per year) are forecast to grow faster than the UK market (10.6% per year).
High Growth Earnings: CCR's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CCR's revenue (4% per year) is forecast to grow faster than the UK market (3.9% per year).
High Growth Revenue: CCR's revenue (4% per year) is forecast to grow slower than 20% per year.
Https://finance.yahoo.com/news/78-ownership-shares-c-c-133336736.html?.tsrc=rss
One for Christmas.
3. Details of person subject to the notification obligation:
Name:
Brandes Investment Partners, L.P.
City and country of registered office (if applicable):
San Diego, USA
4. Full name of shareholder(s) (if different from 3.):
5. Date on which the threshold was crossed or reached:
05/12/2023
6. Date on which issuer notified:
11/12/2023
7. Threshold(s) that is/are crossed or reached:
8%
8. Total positions of person(s) subject to the notification obligation:
% of voting rights attached to shares (total of 9.A)
% of voting rights through financial instruments(total of 9.B.1 + 9.B.2)
Total of both in % (9.A + 9.B)
Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached
8.02%
8.02%
31,580,195
Position of previous notification (if applicable)
6.32%
6.32%
Https://candcgroupplc.com/investors/contacts-and-analyst-coverage/
Seems to be out of favour .. again... but tucking away for some Happy New Year cheer.
Erp debacle one off and in rear view.
Brands performing.
33p equivalent distribution over 3 years nailed on.
Normal business resumes rerate to £2+ coming soon.
(Sharecast News) - Shares in Bulmers and Magners maker C&C Group jumped on Tuesday after the drinks manufacturer delivered a "resilient" and "reassuring" underlying performance in the first half, according to Shore Capital.
The broker reiterated its 'buy' rating for the stock, which was up 5% at 138.4p by 1324 BST.
C&C said it anticipated net revenue of €870m for the six months ended 31 August, marking a decrease of around 1% compared to last year.
It reported that considerable strides had been made in rectifying the disruption from its ERP system's implementation issues, which had been announced in May. Its 'On Time in Full' delivery metrics are now back to their levels before the ERP system was implemented.
"Adjusting for [the ERP issues], we estimate underlying operating is only modestly down year-on-year, which we see as encouraging given the challenging backdrop, especially around input pressures," Shore Capital said.
The stock trades at a price-to-earnings ratio (PER) of 18, and 8 times EBITDA with a free cash flow yield of 3%.
"Valuation metrics are notably inflated by the c€25m of one-off costs associated with the ERP implementation. Looking into FY25F, when these costs are expected to have unwound and underlying profitability starting to recover (albeit with a long way to go), we see a significant compression in valuation multiples (10x PER, 6x EBITDA and a 9% free cash flow yield), sharply below historic and peer metrics."
Yes, down!
One way for now as the recovery continues.