Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Save if you cross compare the text from last year it is virtually the same ... my concern here is that the CEO who just retired has 8% of the shares in Cenkos that have gone off the RADAR ... so will Cenkos be bought out or will the shares be offloaded?
Agreed. Lots of positives in the half year report. Price gapped up today and looks like the final nail in its downtrend coffin.
is 4.5p, significant increase on last year's 1p. This suggests that they will pay a higher final dividend, putting this on a prospective yield of close to 10% if not higher. Since the half-year mark they have done the large Hurricane Energy placing and loan notes, and their comments on the pipeline were encouraging. My main concern is that cash balances have not risen, but 20m of net cash (nearly 1/3rd of market cap, all be it needing to have large buffer for regulatory purposes) is a reasonable safety net. Glad I topped up at sub £1
Illiquid stock £50,000 shares being bought each month and on track for £1.5 Billion raised this year as AIM flies :)
$530 Million dollars of business on the Cenkos web site for July via Hurricane bond and equity placing ..... Bumper year thus far :)
"Respectable Banking: The Search for Stability in London's Money and Credit Markets since 1695" Anthony Hotson The financial collapse of 2007–8 has questioned our assumptions about the underlying basis for stability in the financial system, and Anthony Hotson here offers an important reassessment of the development of London's money and credit markets since the great currency crisis of 1695. He shows how this period has seen a series of intermittent financial crises interspersed with successive attempts to find ways and means of stabilizing the system. He emphasises, in particular, the importance of various principles of sound banking practice, developed in the late nineteenth century, that helped to stabilize London's money and credit markets. He shows how these principles informed a range of market practices that limited aggressive forms of funding, and discouraged speculative lending. A tendency to downplay the importance of these regulatory practices encouraged a degree of complacency about their removal, with consequences right through to the present day.
Cenkos Securities plc ("Cenkos") is acting as Nominated Adviser and Joint Bookrunner to the Company in connection with the Placing. Proposed placing of new Ordinary Shares (the "Placing Shares") to raise gross proceeds of a minimum of US$300 million at a price of 32 pence per Placing Share (the "Placing Price") (the "Placing").
funds raised at half year (end June) seem to be significantly ahead of last year. Plus two likely flotations, (a fishing equipment retailer, and Hipgnosis Songs) in the next couple of months. This makes it likely that they will record higher profits than last year, and so possibly pay out more than 6p in dividends. The level of the interim dividend will be important - will they raise it beyond last year's 1p? Even holding last year's overall divi at 6p implies over 6% yield at today's SP. I have bought a lot more recently, and might buy more after the interims. Still got net cash, although it is at a much lower level than previously.
I'm still of the view that Cenkos will be bought out ...
The AGM seemed positive .... and as another poster noted the director sold a third of shares given as a bonus.
Grabbed a bunch myself this morning
The share went down from 180 on relatively small volumes .... MMs play this one well ... but sub 100 after Durkin made his announcement was obvious
Looks like market is punishing shares after Jim Durkin CEO retired. Not helped by small director sell. Small volumes for a share falling so fast. Is this now under valued?? Still a lot of cash on this companies balance sheet.
Market Makers look to be delaying trades and making sells look like retail buys here ... they are fooling no-one.
Just tipped in ST's column in Investor's Chronicle, with 150p target price. Just as I was about to buy in. Bugger.
http://www.logisticsmanager.com/eddie-stobart-flotation-to-fund-e-commerce-growth/ The 550m is the value of the company. They expect to raise 130m. They are beating March last year by quite a distance now. They only raised 5m in March last year. Only 10m or so in April 2016.
Hi thought they was raising £155 million Good to hear news of floats helps Cenkos cash flow but can't get carried away .... One step in right direction... When is update from Company due thanks
What a great result today securing the 555 million Eddie Stobart floatation. The news is still under the radar, current multiples are sooooo low PE 3 etc. We will see a huge re rating here once results are released next month 🥂
Never mind the English, What about that 130P? you are looking for something that is Dream or Nightmare? The Wolf is Still at the Door.
Somebody Looking for 130p? with a dividend as well, keep on Dreaming .I 'm getting a lovely Divi for my troubles.
Only trade at your price is Pugsy is 80,000 shares. Halifax will not trade that amount so will send to a dealer of which you have no sale price control of course.
Hi Who said I sold 80,000 Shares?
Just sold some cenkos shares, price obtained by Halifax was 0,9450? some deal? Not happy with the price obtained.
Got to admit IJ your Pot Roast comment did hit my chuckle muscles as dear old Ken Dodd would say. It is nice to see a little bit of a rebound as I am a bit unhealthily over weight in ace iOS at 149p ave. Thanks for your tip though I never invest in funds and other investing houses like DMOR and target 🎯 fundamentals and value investing generally with play money on others that could be big growth stories like FUM, TRIN or bottom fishing like CRAW etc. Redde are my largest holding and a chunk in Stobart. Followed you in on Numis and Tullet b4, did 👌 Many thanks. I liked their fundamentals. Take care buddy Good luck 👍
Only needs one substantial flotation to get this back to 150p. Repeat business is solid and profitable and a P/E ratio of 3 is overdone for this quality company. Past 4 weeks we see rises from 71p to 95p. Something is cooking I can smell it, something good.