Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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MAY 2022.
BUY says RBC Cap Market (Target 2700).
BUY says Barclays (Target 2540).
BUY says Investors Chronicle 1 June 2022. PE Ratio 8 - Div 4.9% at 1547.
BUY says CANCHAT.
Are you receiving the message?
Sleep well!
CHAT
Grapeboy, I agree, 'Fantastic set of results.'
So the SP has risen say 19% since the closing low (1338.5) of 9 May 2022
The FTSE 250 has in that time risen 5.5%. So we have risen 12.80% against that index.
What I have to ask myself is what was ICP doing at 1338.5?
For some reason ICP, despite good half time figures the SP just drifted lower. Yes we now have the war in Ukraine but exactly six months ago we were 2300 and a ten days earlier we touched 2463; 44% and 56% above today's SP (I used 1596).
Why is the market valuing ICP so lowly against similar companies? Do we have a riskier profile? 4.75% dividend return is good but when one sets that against a drop of 31% to 36 % in the SP in six months one has to ask WHY? Can anyone provide a logical answer? What is a reasonble P/E for ICP? Answers from all (including you brighter financial people) to any of the questions above.
CHAT
CHAT
OXX and Grapeboy, hopefully the sp will reflect these results?
Faith justified?
CHAT.
Fantastic set of results. 186p of earnings per share. Dividends of 76p. Significant growth outlook almost looks certain to be delivered. I bought more at £16.00 recently thinking I had caught the bottom but this market is hard to fathom.
c.1400p must be time to load up, results next week will hopefully see a decent bounce. That said market has not been willing to push anything higher, but div profits and aum all increasing massively so share price can’t keep falling can it?
Apologies for this: -
Omission Jan 2020 - SP1742
Jan 2022 - SP1857
CHAT
Q3 was diappointing; just +3% improvement on half time figures. So because Q3 did not reflect the first half of the year the analysts may be able to justify the current SP. So they got it right and yes, I got it wrong! I look at the AUM (which determines the dividend) and a good first half's performance in respect of the AUM did not carry through to Q3. However maybe one should look deeper. To get some balance let us look back to pre-Covid i.e. two years ago.
January 18 2020 - FTSE 100 7674.6 - Fee earning AUM E29.6bn.
January 28 2022 - FTSE 100 7554. - Fee earning AUM E58.2bn
So 2022 YTD has double the AUM figure for 2020! 2022 has better first half figures. Yes, we are not out of the Covid wood but can the disparity be explained? With a reasonable Q4 I consider that we are undervalued, DYOR.
CHAT
You will not be able to buy at this price (1898) on 28 January after Q3 results.
CANCHAT
On 17 November following the release of Half year figures I posted - '
The half year figures were better than I expected and if you project these figures to the full year, prelims due in late May 2022 one can envisage 'Third party fee income' for the full year as say £420m+. That would result in a 25% dividend increase next year.'
In two months the SP has regressed 15%! My projection for the forward yield now is 3.5% based on the current sp 2005. TheI am not a chartist but we are now at the support level. I have a considerable holding in ICP but I cannot ignore this at the current SP. So more ICP bought. Even a trader would not ignore this share. If Q3 reflects Q2 then the only way is up!!
Am I missing something? the £/Euro rate has moved 2% in favour of the Pound.
Can anyone out there explain the anomaly? Fill your boots. DYOR.
Sp should rise tomorrow
Looking good for tomorrow
Robert Sage, analyst at Peel Hunt has raised the target price on ICP. Increased from £23.27 to £25.14. No surprise; the interims exceeded expectations!
CHAT
Excellent interview!
Thank you!
Alexandra Jackson mentions Intermediate Capital (ICP) at 22m14s in the latest PIWORLD interview
Watch the video here: https://www.piworld.co.uk/education-videos/piworld-interview-with-alexandra-jackson-selecting-winning-stocks/
Or listen to the podcast here: https://piworld.podbean.com/e/piworld-interview-with-alexandra-jackson-selecting-winning-stocks/
Hi storm - The half year figures were better than I expected and if you project these figures to the full year, prelims due in late May 2022 one can envisage 'Third party fee income' for the full year as say £420m+. That would result in a 25% dividend increase next year.
Obviously some early profit taking yesterday but with interims like this and the full year potential I will not be joining the profit takers. Price may relax slightly but not a share to be out of.
CHAT
Canchat,
It seems that your buy signal was correct.
The stock is now up almost 20%.
Now having seen the interims, today's price seems fully justified.
Half year results in seven weeks.
CHAT
Half year results in seven weeks.
CHAT
At 2074 this must surely be a buy?
CHAT
sp down quite sharply on Friday. just wondering if anyone has thoughts as to whether ICP could be adversely
hit by Greensill collapse?
Down 76% in less than a month and then up 66% in one afternoon. These are strange times that we are living in.
Down 70% in less than a month, brutal.
Obviously not much of a benefit.
Now in the FTSE100.
A great start to the year. Been one of my most consistent shares. Steady rises. Rarely mentioned in publications.