Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I had to google that Jolly, very obscure choice! Apparently popular in the 1860s... Shan his Share Sleuth is really good, with only a few odd calls here and there (i.e. Games Workshop - from your home town lol). The Thrifty Fifty seems pretty dire - not keen on PI designed stat trading models.
yep...seems he knows what he is doing! some quality companies inc. SAG, DWHT, ANCR,TSTL, BJU etc.
seems decent cove
I've recently started following RB's iii articles, you and he seem to share half a portfolio! I have a vested interest in this debate of course, but think the dividend yield is a factor to consider, together with the recent (albeit de minimis) buy backs. If I had a bigger portfolio I'd probably hold both in varying quanitites, but shifted all of mine over to attempt to arbitrage more efficiently with a relatively small stake.
"The Share Sleuth portfolio's second biggest virtual holding is DWHT, the ordinary shares of lift component manufacturer Dewhurst. I also own Dewhurst shares in my own Self Invested Personal Pension. Not the ordinary shares but the 'A' ordinaries. The 'A' ordinaries confer an equal right to dividends, and bear the same risk as ordinary shares, except they do not carry the right to vote at company meetings. The reasons I chose the 'A' ordinaries are lost in time, but I recall checking that the ordinary shareholders couldn't gang up on the 'A' holders and reduce their rights further, and I wanted to be different. However, in the back of my mind was the fact that the difference in share price between ordinaries and 'A' ordinaries changes over time, and when I first bought Dewhurst shares, the 'A's were much cheaper, and, perhaps, better value. As of today, that was a poor trade as the spread is at its widest ever, the 'A's' are even cheaper, and I have missed out on some of the gains experienced by the Share Sleuth portfolio, which owns the ordinaries. This chart shows the discount of the 'A' ordinary shares compared to the ordinaries, DWHA (DWHA), versus DWHT (DWHT). The bigger it is, the lower the share price of the A's in comparison to the ordinaries. Image(88) I'd like to convert my 'A' shares to ordinaries. My attitude to ownership is changing and it annoys me that in practice nominee account holders sacrifice some of the benefits that come with owning a share. We aren't routinely invited to AGMs or sent annual reports and if we want to attend and vote at company meetings we have to request a letter from our brokers authorising us to do so. Under certain circumstances we are disadvantaged as I have discovered with an unlisted share I own. I can't vote in favour of a takeover because I missed a deadline imposed by my broker because it collates the votes of all its customers and submits them together. If I were on the shareholder's register I would still be able to vote. Chucking away my right to vote seems a step too far, however with the 'A' ordinaries trading at such a big discount, now doesn't look like a good time to buy it back... The efficient markets hypothesis holds that the price of a share incorporates all known information about it and is therefore the best indication of its value, but I sense an anomaly. To my knowledge nothing has happened in the last 20 years that would change investors' attitudes towards Dewhurst's two share classes yet the discount of the 'A' Ordinaries has been below 10% and above 40%. For patient traders (if that's not an oxymoron), I wonder if there is an arbitrage opportunity. To sell DWHT when the spread approaches 40% and buy DWHA. And to sell DWHA when the spread approaches 10% and buy DWHT. It looks like it would juice the returns from a long-term holding in DWHA or DWHT, either of which I think is a pretty good investment anyway!"
good call imv... ...I'll be selling more c£6
Hit my target range so sold...and bought DWHA instead...30% discount is too high.
just keeps going!
4 me (in 2 senses of the phrase...super investment for the long term...and investment for the super lt) ...I am being cheeky flipping £10k in aggregate here and dwha, and it may backfire lol
Too right! Seen a few of them companies in my short time already!! Dwht defo amongst the elite..well done for getting early although I suspect it isn't a bad long term investment even from here.
one the best AIM companies... ...think of all the rubbish management, shafted PIs, endless dilution... ...and then reflect on Dewhurst:...look at that 10-20 year sp chart and profits growth...pure quality...imv ...was by far my largest holding, now just my largest lol
still going strong!!! "Cash flow was once again very good with £3.9 million of cash being generated from operations. Despite pension contributions of £1.4 million, increased dividends as well as a small share repurchase the strong trading performance meant the group ended the year with cash and short-term deposits at £12.9 million, up £2.4 million from £10.5 million in 2013. This is aligned with the Group's philosophy of maintaining a strong cash position together with minimal borrowing" and divi up too!
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who is big head
@510? ...not many selling (beside me lol)
modest selling by big head
Plagued by big seller!
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20% flip in weak markets
Article written by same chap who talks about it in link I posted yesterday I think. Illiquidity is of course an issue here, and not necessarily 'explosively undervalued' (to quote JS), but I think it's a good pick for diversification/relative stability in 2015. I think a 1 year target of £5-5.50 is entirely realistic.
http://www.iii.co.uk/news-opinion/richard-beddard/dewhurst%3A-startlingly-undervalued ...I think these articles have a limited audience, but the piece is balanced and informative.
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shd be tucked away in PI pf (no advice intended!!) ...but really,.... just get with quality here relative to the utter dross out there
? eh?