Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Good questions that we would all want the answers to APD708. Yes, Yes...and can only see Yes for Ince!
This share loves to move quickly on nothing...hopefully the build up to 80+ pre half year trading update later in October. Looking forward to the AGM next week but don't expect much noise - would love the trading update the morning of it but expecting later Oct.
No longer by stealth! Nice sprite upwards.
This looks as though it's now moving upwards, by stealth.
@Oneshareatatime, good to hear your thoughts as always. Just curious if you have any thoughts on couple of my points below:
1. Do you think the inflation will continue to rise? CPI inflation is presently 3.2%.
2. Do you think as a result of sustained higher inflation the interest rates will rise in the next 6 to 12 months?
3. And if interest rates rise what will be effect on Ince share price? Positive or Negative?
For those who think why I am thinking about the above questions, this short 6 minute video is worth watching --> https://www.killik.com/explains/why-does-the-ftse-100-rise-when-the-pound-falls/
Yeah 3.5% for half year would be enough to get it going, 7% full year. They know the importance of getting a dividend going so time to deliver now. That div % would be well above any other listed legal firm, as we know by now Ince are way undervalued mcap wise. Hopefully a chance to ask questions at the AGM to gauge where they are.
3.5% div yield I meant to say…
Even a 2p dividend would really push this up, 3.5 at its current price. There isn’t a resolution to vote on a dividend in the AGM next week, but hopefully they will announce it in the next set of results
I would guess 2p based on historical interim divs but we can see. Hopefully the rise now into half year results, would be nice to see 80s again by then.
Starting to move having been stagnant for a few weeks. div payments 3p or 4p at cost 2 to 2.5mill. Is this feasible?
Good question, I have been in INCE for 15 months now, and honestly thought we would be looking at 200p+ by now. I think I have always known it will take a couple of dividend payments to get the market comfortable/confident in INCE again, which is why I was gutted there was not a div in July, just delayed things. They are a cautious company that don't put out pointless RNSs (I was the one in the last presentation that questioned and encouraged them to put out more RNSs such as quarterly revenue updates) but they can do more on that front. Last year they had £46m revenues H1 and then £101m FY, hoping for £50m+ H1 this year as they seemed v optimistic in the July presentation. Should lead to nice profits.
@Oneshareatatime, I share your view on target 200p, by when are you expecting Ince may reach this target, just curious to know your thoughts?
Keys is also quite an amazing comparison. The chart is unbelievable, just one big uptrend, now with a cap £270m and that was with directors selling today!! Versus Ince £37m mcap, similar profits and Ince 1.5 times revenue. Quite amazing. I am heavily invested in Ince, target 200p...that would still be a mcap of £150m!
CaneToad, I think this last point is the key, Ince are just not selling themselves (from an investor point of view) at the moment. The mcap difference to the other firms is ridiculous. Multiply by 5 and Ince still looks cheap. The absolute key is the dividend in Nov/Dec and we should see a rerate. I asked a lot of questions in the last 2 presentations and could not be more confident in management. Big couple of months coming...
And moreover, KEYS has 7 brokers, while INCE has 1...............................
A couple more things.
KEYS has a P/E of 42.5 while INCE is on 5.2 (12m Forecast Rolling for both)
KEYS has 56 employees, while INCE has 701
The INCE market cap doesn't make any sense.
Keys looks stronger - I agree, but I think INCE could stage a dramatic revival. Just look at the figures.
KEYS:
- Mkt cap: £262m
- H1 Revenue: £33.7m
- Divi
- Robust cash position
- Debt-free
INCE:
- Mkt cap: £37m
- FY Revenue: £100m
- No divi, but committed to 'considering one later in the year'
- Balance sheet not as strong as KEYS, Gross/Net Gearing: 64%/45%
In summary, INCE has stronger revenue and if their business is seeing the same pickup as other law firms, then they could have closed most of the gap by the end of the year. Just look at the difference in market cap!
I would say that Keys are top of the Championship and flying whereas Ince are near the bottom of the Premier League and struggling. They have paid a lot of money for some good players who haven’t yet gelled but if the manager gets his act together and gets the team to perform to the standard expected then they should start to produce some good results and move rapidly up the table.