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.
Just rebought in
Spectre
Who are the conspirators working away to keep a lid on Foxton's share price? And why are they doing it?
I mentioned a couple weeks back about how markets were due to turn South and that the US Dollar would start to strengthen.
Well, quelle surprise here we are and already we're seeing bid and merger activity involving US companies and hedge funds as the Dollar gains across all world currencies.
Total manipulation of course and expect the Dollar to gain parity versus the Euro and break $1.20 versus GB sterling as we move into the Summer months.
Makes a US fund more than likely a bidder for Foxtons in my opinion and especially after all the market antics in keeping a lid on the share price of Foxtons over the last year or so preventing any real price appreciation of the stock.
'could be sold for 70p to 100p' suggests they'd be surprised if they actually got a bid of 70p then!
These ST stories are likely being placed by one of the players. Either Foxton's or more likely the Foxton's bankers to drum up interest or the unhappy shareholders to do the same. One way or another Foxtons is up for sale, question is, is there a buyer at the right price? My feeling, judging by the lack of movement in the SP, is its not obvious there is.
Https://www.thetimes.co.uk/article/foxtons-gets-its-house-in-order-but-is-a-for-sale-sign-about-to-go-up-0s0rx8gxq
Convervium are quoted “ Foxtons could be sold for 70p to 100p.”
Paterson says “we believe the business could grow organically, but it would need to do some big acquisitions. If the business was sold today, you’re not going to get the premium it would probably be looking for”
We know from the acquisition announcements how many tenancies were bought last year. They should have added about 10% to q1 lettings revenue. But actually only 5% was added. Perhaps commissions are being reduced, or landlords are selling up?
I believe the Q1 comparisons will exclude the business purchased in March last year, so Q2 in isolation would be a better comparison.
What’s going on with the lettings business?
Last year Foxt spent millions buying two agents to acquire their lettings books. This added approx 10% to the size of Foxtons lettings business. Yet Q1 lettings revenue is only up 5%.
How can this be?
Are landlords leaving to go elsewhere?
Winkies appeared yesterday in Investor meets Company Well worth a look
https://www.youtube.com/watch?v=nrvdceSwSCs
Can only be impressed Refreshing to hear Directors to say exactly as it is without the usual flannel
Things are definitely looking a bit sweeter in Foxtons postcodes with instructions starting to increase s as one would expect a this time of year
Hopefully some more 7 figure sales
Investors can look forward to an exciting journey here Private equity are going to be all over this sector like a rash
If we don't get a bid before the summer, I can see the sp rerating on the next update and the anticipation of lower interest rates. In any event the rental income is so strong that the business is well set even at current levels!
Just reading all the reports in the media this afternoon, nothing in the Daily Mail money section nor the Times business and the Investors Chronicle report 'tentative recovery' at Foxtons.
City Am were quite bullish surprisingly but as there were no negatives in the trading statement for a change the market did their best to once again keep a lid on these.
Tree shake Friday tomorrow ahead of the weekend ??
Heavy selling lately, not surprised to see the price down today
What about bottom line result ?
Make sure that people are comparing apples with apples.
In estate agency sales, and particularly at present, sales agreed /sales pipeline are a different metric to sales completed /commission banked.
Yep, no dramas here !
The Times and City Am as well as those 'activist' shareholders will be disappointed.
My advice, keep quiet and let Gittins & Co. do their jobs accordingly !
🤐
Winkies are on "Investor meet Company" today at1 pm They should give some insights into the current state of the London market
Agace a steady hand on the rudder and usually relied upon on to give an accurate portrayal without candy floss
There is nothing not to like today . Maybe not suficentally attractive to stifle the moaners but ceratinly enough going on to attract any predators
Not a time to be going short
On BBC r4 this morning the ceo was asked about takeover talk and he was so avoidant in his response it made me think something must be close to happening - wishful thinking perhaps!
I think it'll naturally fall back to 52.5 or so then fingers crossed gradually move back up to 60. Just mechanics of the market. Fingers crossed we'll get beyond 60
Great numbers out today and talk of a take over- why the sp is not north of 60p is beyond me.
Not 33% or even 25% increase in sales but 17%. All looks good, market has marked us up a little on open. Fingers crossed we'll move back to and above 60 over time.
We'll find out in the morning after yet another trading statement will be released by the company, although expect management to play down the fortunes of the company for yet the umpteenth time.
I'm looking to add on the dip which comes around like clockwork whenever the company reports to the market !
Depends how the entry pipeline was YE 2023 for income in Q1.
The pipeline figure for sales is the probably the most important tracker end Q1-and I agree it will up-should be by circa 25% IMO
My spreadsheet suggests that Foxtons sales for Q1 will be about 33% up on the same quarter last year. Total revenue should be up 15%, assuming the rentals business is doing ok.