Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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My calculated assumption is 60p.
Guess the question is where will the share price of Check -It settle once the re purchase of shares is finalised having sold Bulgin ?.
Seems that everybody is so busying chasing the next 10-bagger, that a 15% increase is not worth the effort. Time will tell.
Given that the sum of the parts, reflecting the net £93.84m from the Bulgin sale, is likely to be in range 63/65p there is a clear short-term trading opportunity here at the current sp.
At this price IMHO. GLA
Did not see that coming!!
Nice rise on open...
IC sum of parts on 17th June : This is based on a valuation of £105m (56p a share) for Bulgin on the basis of a multiple of 13 times net profit estimates for the current year; £20m (11p a share) for the Checkit/NCS business; and £5m (3p a share) for net cash and EET. Buy. Given offer for Bulgin is £105m & Market Cap at close yesterday for whole company was £92m - should see a good rise on opening. GLA
"I have no hesitation maintaining my buy recommendation with the shares priced on a hefty discount to my 70p a share sum-of-the-parts valuation."
https://www.investorschronicle.co.uk/comment/2019/06/17/elektron-s-electrifying-growth
See RNS and Equity Development research note
I think it is still in deep discount territory and look forward to the results
Can't say where this is heading but I have decided to take my profits on it. If it sinks back to where I bought then I may get back in, other things staying equal.
I am not clued up to EKT at all apart from their website and bits of press, but posters on ADVFN seem to be writing of very bad stuff - direct by the company to Directors gain/shareholder loss. And the wider market for EKT products shrinking.
Time to sell out?
It's a damn shame if so, not many shares doing this well over the last 8 months.
Opinions will be warmly welcomed (I'd like to hear some positive points too if that's possible)
I don't know about the EU collapse might take years or could happen next year but this company will exceed expectations hopefully stay where they are so can add a few more (this company will do well no matter if no deal or whatever happens)
Taj2124 Could you please explain as i have been a long term holder and now its coming good but a lot of investors may see your view different and panic? What ever happens are you saying Elektron and the rest will be better off for it especially if we break the ties that bind altogether and if that is right would it not effect the progress of the share price in the short term out come of such a senario? But having said that, what ever happens with the governments decision would it be right to assume that any implications of that would only come into effect a yr or 2 after meaning that any Aim company's share price if they are doing good shouldn't really be effected if you get what i mean!? In other words if Elektrons company news in early spring is still on target there should be no reason why the share price could not be higher than it is today?
Elektron Kromek and Fulcrum 3 longterm winners AIM will be back with a bang once a no deal Brexit happens and EU collapse
I fully expect this to be mid 50's, pushing 60 after this financial year fy18-19.
They really are delivering on their forecasts!
rising again (up 4%)
Anyone know why it's dropped so much today?
Just a reminder for the Interims on 19th September, when I would expect a boost to the SP
9th August 2018
LONDON (Alliance News) - Elektron Technology PLC said Thursday it expects its interim results to be "ahead" of market expectations after "strong" sales growth.
For the six months ended July, Elektron reported revenue from continuing operations grew to GBP15.9 million from GBP13.6 million the year prior. This was after it traded "ahead" of market expectations during the period.
Elektron's revenue improvement was primarily driven by a 14% jump in sales from its Bulgin sealed electrical connectors unit to GBP14.3 million from GBP12.5 million the year before. Elektron emphasised order intake remained at record levels in the unit.
Its smaller eye screening business Elektron Eye Technology saw revenue rise by a third to GBP1.2 million from GBP900,000 a year prior. Its operations management software unit CheckIt saw revenue double to GBP400,000 from GBP200,000 the year prior.
Elektron continued to be cash generative "despite the increased working capital demands to satisfy the strong trading performance." In addition, it received GBP800,000 through its disposal of Queensgate Nano.
At the end of July, net cash grew to GBP6.8 million from GBP2.0 million the year prior.
Elektron expects to report its full interim results on September 19. Shares in Elektron were 7.1% higher at 44.44 pence on Thursday.
By Ahren Lester; ahrenlester@alliancenews.com
Copyright 2018 Alliance News Limited. All Rights Reserved.
EKT "largely ignored in City circles but management has high hopes for its supply chain audit software Chekit, reporting this year that it has completed its start-up phase following a thumbs-up by UK food regulators, and was expected to be launched into the USA this year."
I've purchased extra today so expect it to fall quite soon.
There is nothing wrong with banking a few profits after a parabolic move, especially when a stock becomes disproportionately large within one’s portfolio. Yet for Elektron, based purely on the fundamentals, we believe this would be a mistake despite the stock’s >5-fold rise since the 2017 lows. Indeed, this morning the company said that Bulgin was continuing to experience buoyant demand, with YTD performance ahead of plan. Supported by a ‘record orderbook’, driving H1 expected sales up at least 8% LFL to £13.5m (LY £12.5m). Accordingly, we have increased our FY19 turnover and EBIT forecasts for the division to £27.5m (vs £27.3 LY) and £6.9m (£7.2m) respectively. Elsewhere, EET is making good progress too, and tracking full year estimates. While Checkit is in “advanced discussions” with several global businesses to adopt its disruptive technology. From a macro risk perspective, we understand Elektron has minimal exposure to the recently proposed ‘US-EU/Chinese’ trade tariffs, even though c.64% of revenues are generated outside the UK. Instead there may actually be a small positive forex benefit given $ appreciation vs the £ (6%) and Tunisian Dinar (10%) over the past 2 months. So what does this all mean? Well, in terms of the group our FY19 EBIT climbs from £2.0m to £2.3m – which in turn pushes the sum-of-the-parts (SOTP) valuation 2p higher to 62p/share. Read full article here ...https://www.equitydevelopment.co.uk/edreader/?d=%3D%3DQNzQjM
..just bought some of these babies and the share price hasn't plummeted. What's going on? Normal service will be resumed as soon as possible, I guess.
As I sieved through Elektron Technology accounts and annual report, I concluded it is a turnaround company. Management ability to sell the assets that won�t enhance profits and stick with assets that will generate incremental returns have been successful. The result is from the rising share price. I like this company a lot and it ranges from their strong balance sheet and improving operations, but also it has the potential to be a takeover target for the big tech companies. If Elektron is on a full recovery then I expect valuation to double in five to six years� time at a minimum. And medium-term investor shouldn�t worry about the short-term volatility, but they should worry about competition. Overall, it�s a great company with potential to grow and it requires further research. For more on annual results from Elektron Technology and yesterday�s update from Trinity Mirror and the interpretation of Ophir latest acquisition, click http://bit.ly/2HP2vzU