Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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3 weeks from the 17th next review
Article in Sunday Telegraph previously post this morning.
The bargain stocks left behind by Britain's booming market
While the FTSE has recovered its pandemic losses, some stocks are cheaper than before Covid struck
BySam Benstead9 May 2021 • 5:00am
Britain’s stock market has recovered from its pandemic lows but bargain-hunting investors can still find stocks trading much more cheaply than before share prices went spiralling.
The FTSE All-Share index, a barometer for British stocks, has now reclaimed all of its 30pc fall in March last year, once dividends are included. This is after a rally that started on positive vaccine news in November and gathered pace as restrictions have been lifted.
However, some shares still have ground to make up even as economies have reopened and the general optimism has infected investors. There are bargains to be found on the London stock market, experts have said, particularly for those willing to be brave and invest in businesses and industries that remain out of favour.
Rob Burgeman of Brewin Dolphin, the wealth manager, said airline share prices had the potential to soar, especially after Britain’s ban on international travel is lifted. Shares in International Airlines Group, owner of British Airways, Iberia and Vueling, are trading at around 210p, having tumbled from more than 400p when the pandemic struck.
“IAG is 50pc cheaper than it was pre-pandemic, which is unfair given its collection of well-known brands and diversified short and long-haul offerings,” Mr Burgeman said.
EasyJet and IAG haven't fully recovered yet while Ryanair and WizzAir have
From 21 Feb '20 to 7 May 15:25:30
NovJanMarMay-50.0%0.0%
? easyJet PLC: 1453.4 ? 1077.0-25.9%
? International Consolidated Airlines Group SA: 623.0 ? 208.3-66.6%
? Wizz Air Holdings PLC: 4407.0 ? 5000.013.5%
? Ryanair Holdings PLC: 15.30 ? 17.3313.3%
More share information on
On Friday the company reported a loss of €1.1bn (£1bn) in the first three months of the year, with flights running at just 20pc of capacity. But Mr Burgeman said the business, which is pursuing a takeover of Spanish budget airline Air Europa, was well placed to recover as air travel returned.
“The acquisition of Air Europa, if approved, would give it an even stronger foothold in Europe. IAG is in reasonably good shape despite the past year and some analysts have said that, all going smoothly, the company could return to its pre-Covid profit margin levels as soon as 2023,” he said.
Shares in easyJet, which trade at around the £10 mark, down from £15 before markets fell last year, are another potential bargain, according to Mr Burgeman.
“The shares are 30pc lower than they were before the crisis but things are looking up for budget travel once again. Of the short-haul airlines, easyJet looks the best placed to benefit when tourists flock to sunnier climes for a well deserved break,” he added.
The advice is not to travel to amber countries but not against the law. How many of the British public are going to see straight through that and get on planes to other European destinations. It also doesn't take an Einstein to work out that the self isolation is only 5 days at home in realistic terms if a test comes back negative after 5 days. You'd have to be pretty foolish to think that the Brit public hasn't worked that out. Especially when you consider the amount of self confessed fliers coming from India, ****stan etc via other countries to avoid quarantine in recent months. Proving the system can be circumnavigated. Essentially the borders are open for holudays already all across Europe. And in 3 weeks most of Europe will be open and probably added to the green list. There may be a short dip in price between now and then but this is going post 11. The difference it is not against the law so people will be going. It makes no difference there are limited countries on the green list. So much pent up demand that people will do the extea time at home and test kut costs are down to 20 quid. Too late to stop this now. Take the blinkers off.
advice
The advise is not to travel to amber list countries or territories for leisure purposes .. so for now the choice is pretty limited - a massive disappointment for the airline industry
Prudent politically safe green list by the government but disappointing for EasyJet, it’ll only be three weeks until more countries are added.
“Amber” is only 5 days quarantine on return from holiday IF a negative test is proved so those desperate to escape British weather will cut their holidays from 2 weeks to only one ! That’s a positive!
EasyJet SP is extremely volatile! SP possibly back down to 1000-1020 on Monday or Tuesday !! Keep the faith.