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.
I guess they're already in the process of being issued, but they could cancel them during the next 12 months?
I don't believe this represent s the true value of the business and it's assets. The announcement stating "consider the terms of the Acquisition to be fair and reasonable," suggests so too. With previous acquisitions and an older SP considered, the offer should be higher.
£2.7bn for a property portfolio worth £4.5bn so the beer business is a freebie. It will be sold to another brewer - how about BrewDog? I predict half the pubs will be closed within 3 years as they're worth far more as redevelopment opportunities than they are as watering holes.
Worried that I will not now receive those lovely discount vouchers from the company but probably outweighs the gain from the £20k invested at circa £5 per share a couple of years ago. Anybody for Marstons now ?
DJ
''For what it's worth, imo Brexit is ****** and the dumbest act of sabotage in my lifetime. ''
That is why you are confused, and showing your prejudice .
Inferring that the offer for GNK is in some way means that the UK is not taking back control of it's own affairs from the EU.
Thanks Velo - the 5 figure profit I get from this will wipe out about 1/3rd of my shortfall from SXX - which could also get bought out, and then I'd be F.
What can we learn from this? Not much..
Been a LTH for 5 years.
One of Buffet's metrics is debt-to-equity of less than 0.5 so even he wouldn't have been in this...
To think this slid down to 5.50 last week is amazing. Just imagine if you had inside information of this impending deal and drove the price lower to but them at a bargain. Luckily, we live in the UK and this would never happen, the city boys are too honest to have engineered such a situation. Or maybe they are just a load of colluding bustards and have made a fortune out of what has happened.
Hi Longtime,
I agree with you - remembering past values, and the property portfolio, I think this far-east raid is opportunistic and unwelcome .
Confused? Why? Am happy to be making money. Have a few more that I thought might be takeover potential but this wasn't one of them. Just don't see UK companies being owned abroad as necessarily a good thing. For what it's worth, imo Brexit is ****** and the dumbest act of sabotage in my lifetime.
Regarding when the deal will be finalised, looked a little vague, i.e., Q4 2019.
''So much for taking back control''
You seem confused
Only problem now is what to do with the money, Maybe back into JDW, unlike most everyone else they seem to be looking forward to no deal Brexit.
UK companies are ripe for takeover at current exchange rates. With no deal sterling will head even lower and make takeovers even more likely. So much for taking back control.
I don't think the offer price is anything special. The shares were going for nearly £10
less than 4 years ago. Property portfolio must be worth near enough the offer price.
I wish they would buy Marstons.. Im happy to sell those also at a 50% premium!!
Just got back in to see this share price. I topped sliced in April at 700p, and was contemplating
purchasing those back very shortly. Never mind I still had plenty left to benefit from todays rise.
I will now look into the details of this offer. I don't really like our UK assets going to overseas buyers. This may be the start of further takeover offers from overseas due to the current low sterling rate.
When it's gets officially purchased we will no longer be a shareholder thus no benefit of the booklet.
It looks like it is a done deal, and the 850p guaranteed!
Nick Burchett, who hold Greene King in the £127 million Cavendish Opportunities fund he runs with Paul Mumford, said the offer was a 'great reflection of its value'.
'The business has a good portfolio of freehold property and a strong position in the thriving UK pub and brewing sector,' he said. 'And with neither opposition nor competition on the horizon, it seems like it’s a done deal.
Hi Pseudo,
So is the 850p now guaranteed?
. . . . you lucky, lucky, lucky, bstrds!!!!! - 50% in one day!?!
Shouldn't complain though. Been in and out of GNK at least 3 times over last few years and all with a nice reasonable profit. So adding all 3 occasions together really shouldn't complain at all. BUT I AM! As was thinking about getting back in. Trading forecasts looking good. And when price drifted below 600p I started to sit up straight.
- Low 600's then 580's, 570's. Did I see 560's on Friday?
In fact did it intraday to 550's for a time; was that Thurs, Fri or today?
Whatever, was just waiting for the bearish trend lines to commence turning to the upside; which would entail perhaps getting back in at a little over 600 maybe, with the insurance of a bullish uptrend underway for reassurance. Late afternoon decided to pay the house insurance, get a cuppa and a choccie biccy and come back; was certain it hadn't ceased dropping. 580's last I looked. Been having some service provider issues it was now approx 3:45pm and thought it must be later as LSE was now showing crazy process as it does just after close. Was almost on verge of tapping the side of the desktop and monitor as thought I saw 570's and the next - 620 something. Then just as quickly it was showing low 800's!!!
Feckin' LSE I thought - sort yourselves out.
Checked the time, had it gone 4:30pm? No, it wasn't even 4pm. What the hell is going on then? Stoopid service provider!
Looks up at the prices on LSE and they were not crazy buy and sells - but perfectly in tune - 850's was on everything and now it WAS 4pm. What was wrong? I came off my charts and came back here hurriedly and scanned over the comments. Seemed alarmingly quiet. Must be another malfunction like the market not opening until 9am the other day.
Lots of WOW's about. So they were the same as me.
But one shook me.
It said "Question is whether there might be further interest".
I instantly ran cold.
The RNS had a '1' lit up so clicked it and . . .
- ARRRRGGGGGGGGHh! FECK! FECK! FECK! NOoooooooooooooooooooooo! It's a flecking' takeover! Sheet!
Feckin' L!!!!!!!!!!
But I shouldn't complain. No one could have foreseen it.
Whilst you're all celebrating consider this quote about GNK, today (from behind a pay wall):
" Yet another foreign takeover bid for a UK company. Something is going on here - no doubt helped by weak sterling, foreign investors seem to be untroubled by Brexit risk, and are snapping up UK listed companies at a remarkable pace. Which pubco will be next then? "
------------------
If this accelerates will we all be working for foreign owners in the future? The opposite of what all Brexiteers had envisaged I expect.
or you could wait a little while and see if anyone counter offers, probably unlikely but nonetheless could happen. The £8.50 is pretty much in the bag so really depends how quickly you want / need the money..................
You can sell your shares tomorrow in the open market as normal, or wait a few months and receive a cheque for the total holding at 850p. You will also receive the dividend payment announced in a few weeks.
So what happens next, to take advantage of the 850p share price, do i sell via my normal on line broker, or will GK simply cancel shares and send over the cheque. Afterying in at 644p and struggling to get any return apart from small divi, I need to take advantage of this price windfall........ how do i sell? Any advice as this is my first shareholding after takeover....
Vouchers qualifying date 31st July.
For distribution last week of August onwards.
Vouchers should already be in the hands of nominee brokers so should be posted out as usual.
Well GNK Thank you, for free shares I earned in my youth and the 17 years of dividends.
PS. Please don’t put the prices up at my local and flood it with contaminated pork :)
"Noooooo I love my 25% off. :("
Why would that end?