Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A quite remarkable RNS this morning about II's penetration of the Chinese lottery market and its expansion into the sector which they are modernising. This is going to be a very exciting growth story. It has been missed by the market.
That is some NRNS this morning. The revenue growth here is going to be phenomenal and it is so under the investor radar. Once they become aware ...... Boom !!!!!
Anyone know why I cant seem to buy these shares and a friend of mine is capped at buying 347 of them?
...and the time to sell is when investors are all getting over-excited and nothing has been delivered yet....
The time to buy is when there's blood in the water...
Like many others I'm perplexed but the market seems to like it
So the company is dumping its stated strategy for a punt in China, just when everyone else is dumping China?
For existing investors, with the stock close to NAV, seems like a no-brainer what you should do...
https://www.bloomberg.com/news/articles/2023-10-23/why-global-investors-are-exiting-china-unloading-stocks?leadSource=uverify%20wall
RNS says IIG looking to invest in life sciences businesses?? Very strange given today's news.
Up 60% now but I can't see the value as they still have it all to do. Sir Nigel Rudd and the board of Hui10 are probably all mates in the same old school London Club as they are the only ones who look to gain from this.
I agree.
IIG, worth just over £5M with 85 million shares in issue, is going to issue 1,911 Million shares to buy a company that has stakes in 2 Chinese lottery companies (that in fairness look to have the potential to expand but who knows in the real world) for $365M without as much as even needing to get any shareholder approval or be suspended or anything.
Monitoring the trades today, there have been 7 so far, 2 of which were 100,000 sells and the rest small buys of around 10,000. Despite this the share rice has risen by 44% and the buy price is between 12p and 15p depending on quantity (10,000 - 100,000).
Using the $375M price and 1,911M shares the purchase price seems to be about 16p, so not a lot of upside considering the huge cost of buying a company with only $49,000 revenue ("In the year to 30 September 2023 the business has generated revenues of RMB 358,744").
Very strange goings on.
So I get that IIG has bought a chinese lottery company called Hui10 Inc which is valued at $365m, but the rest of the announcement is Greek to me - can anyone explain it in simple terms?
You neglected to mention they’d already invested £250k on YGEN shares at 15.7p so they will make a loss on their YGEN investment despite the rise to half a penny today. They’d already written the investment down in their books so in the current year it will appear as a profit when the deal is done, though only adds about 1% to NAV. Hardly worth the 25% rise today but that’s the market and you take your chance. As for Evans being a canny stock picker, IIGs performance for quoted investments was posted on advfn:
LST listed at 10p now down to 1.05p
MSYS 0.1p down to 0.0065p
EVG 8p down to 3.2p (good performance for Evans)
KMK 15p down to 5p
YGEN 15.7p down to 0.5p
STX 30p down to 6.8p
POLX 60p down to 24.5p
MTPH bought at 28.5p, rescue funding effectively wiped out shareholders, delisted
Looks to me like he couldn’t hit a cow’s backside with a banjo. With IIG the question is how much do you trust the NAV? It’s mostly due to unquoted investments. All their quoted picks have bombed but the unquoteds stay on the books at cost unless there is a corporate action eg. funding round to modify the price. Barge pole job for me.
The YouGene investment was made on 11th January and they spent £150k for their stake, so it's a nice 54% return in just 7 months.
I'm not intimately familiar with IIGs portfolio however David Evans is a canny stock picker, Robert Naylor is well connected and I would be unsurprised to see more realisations of this nature over the coming months.
Finally, I look forward to seeing how IIG deploy their newfound £269k
IIG holds around 50m Yourgene, so will make around £150k on the bid, or 0.2p per IIG share.
The trouble is that the quoted portfolio has fallen so far that even a bid and 150% move in a share price of an investee company barely has any impact. However, maybe it will help highlight the chronic undervaluation of IIG....
We have a Nav of roughly £9m
Mcap is £3m
Company holds 1.6% of Yourgene, which has just done 150% today
Can't imagine there's too much scope for the SP to get any worse.
RSI is ridiculously oversold, and the Yourgene SP boost may well be a catalyst for a recovery.
just dumped my holding of 75k at an eye-watering 72% loss...cash will be better used elsewhere as this co is going nowhere fast
@skid...how could anyone be above water the SP has been in continual decline apart from a short period since IPO and nobody could have bought any lower.
Agreed re the directors but a lack of any PR and investor communication is damaging. I have written off my investment here so it's bottom drawer for me hoping that at some point there will be some light at the end of the tunnel as long as the light isn't another train coming in the opposite direction.
Dryland.
I have been following IIG for sometime, primarily because it has an interest in a private company which I know very well.
Share price reflects similar although different companies, see molten or augmentum. a lot of froth at ipo, Unsure of the discount to nav at the moment but must be getting wider. I see the prime reason for the company is for the directors to use it as an investment vehicle for companies they have a long term vision for, if you're lucky enough to be above water one just to tuck away but as a very small element of your portfolio.
I had a brief email conversation with this guy robert.naylor@iigplc.com regarding the awful SP performance and I also asked if they were planning to take the company private because let's face it there is absolutely no interest from the market. He said 'There are currently no plans to cancel the listing' which doesn't fill me with any confidence. I then asked about PR and he didn't respond, they don't even have a twitter account.
I remember when TP were touting the IPO in their selling script they said:
'David Evans needs no introduction' I think they were wrong he needed a massive introduction.
I see a trade just appeared at 6.5p....jesus!!!
Nothing from them to get us excited. Surely a bit of news or an update is needed. This just doesn't get bought or sold or talked about. Do they have an investors relationship contact?
i reckon this will go private because the market has no interest here...no volume..no posts on here etc etc etc
i very much doubt it...shambles
LST update not great - did they take some profit when this was over 20p about 6 months ago?
Has anyone heard when the next update will be? The insider buyers are also under water, I would have thought they would get more publicity to raise us up by now
unbelievable...somebody has bought some of these today
ffs....big mistake buying this one