Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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http://www.wkrb13.com/markets/380400/bnp-paribas-reiterates-outperform-rating-for-inchcape-plc-inch/
The Chinese government has handed down its biggest ever anti-trust fine on 12 Japanese auto parts manufacturers, who were penalised in connection with an investigation into pricing practices in the world’s largest automotive industry. In a statement on Wednesday morning, the National Development and Reform Commission said the companies would pay penalties totaling Rmb1.24bn ($200m), almost double the Rmb670m fine paid by six baby formula makers last year. (Financial Times)
China cars: hot pursuit: Car manufacturers are the latest victims. On Monday, antitrust officers raided the Shanghai offices of Daimler subsidiary Mercedes-Benz. Others in trouble include Chrysler, Audi and BMW. Shares in Daimler, Volkswagen and BMW are down one-tenth since mid-July, when investigation murmurs began. China’s complaint has already started to have an impact on pricing, with Daimler, Audi and Jaguar Land Rover cutting prices pre-emptively. The financial hit could also be significant. China accounts for 15% of Daimler’s revenues and one-fifth of BMW’s. Neither company reveals China profits, but foreign automakers, which dominate two-thirds of that market, seem to be raking it in. Bernstein estimates that at least half of BMW’s earnings before interest and tax comes from Chinese sources, including royalties and the company’s local joint venture. Not only will operating income suffer. China can levy up to a tenth of sales as punishment for monopolistic practices. Applied to BMW’s China sales last year, that would wipe out around half, or €1.5 billion, of BMW’s stellar net profits from this year’s first half.
Over £900k director deals in the last month - is there something sinister going on? is it time to start selling do you think? I thought their latest sales figures were good so why the drop?
Paul apologies for the late reply, I must check on the Inch and PDG boards more often. PDG have some key German dealerships in the North in prominent locations currently under performing of them is BMW the other is Merc. PDG are running out of plans and employees and can't get the numbers to work. JCT600, Sytner, Inch will be watching very closely no doubt.
Sorry for not coming back sooner but you just might be on track and I believe that BMW might be in focus. You first said PDG and now Co-Op? Is this just speculation and have you heard what brands for acquisition?
Plans can change very quickly Paul, and with the Co-op in a financial mess they may be looking at a potential buyer for their automotive arm or be willing to sell dealerships individually.
Where did you get that from 458? The CEO clearly stated that there were no plans for aquisitions in UK 2014.
Expect to see continued organic growth and hopefully some growth through acquiring key Stratstone dealerships from Pendragon who are struggling to meet group and manufacturers targets despite being in excellent geographical locations.
Is anyone able to tell me what the big rise was in 2010? Was this a rights issue? I bought in at 16p back in the day and am wondering if I missed out big time!!
Another great set of results today. Onwards and upwards. Mr Bluesky
The boat is rocking.
Does anybody know why inchcape shares are dropping so much at the moment? I have had these for years but am now seriously thinking of cashing in now.
inchcape not hanging around on its repurchase & cancellation of shares. 865,000 shares @ a cost of over £5,200,000 bought back up to the 10/9/2013. shares up 5% since first purchase on the 29/8/2013. shares must surely be at least a STRONG HOLD/WEAK BUY.
company buys 100,000 shares @ £6.35 on the 10/9/2013 a tiny fraction of a percentage (1/50) shares rose over 5% at one point, finished over 2 1/2% higher.
I would imagine Inchcape will buy back the shares and announce the fact in an RNS. This buy back amounts to 4% of the total number of shares, so I would expect a 4%+ rise in the SP as a result. if this is achieved and the company continues to perform well, then I would hope to see the SP hit 650 - 700p by next spring. GLA.
just bought in @ 579p. Hope its a bargain price. target 650p. GLA.
Has any one got any idea of how all this Syria upset is likely to affect the SP? also does anyone know what is going to happen about the supposed share buyback scheme?
Been in these for about five years. Best investment my a mile. Whats the actual lowdown with the payback for investors.How will we get that money. Will it be in the form of even bigger divs over the coming year
Very steady returns... up she rises!
hooooooooooooo
continues
bounce back to 500p from 450p, what was all that about????????
the slide continues - any reason why? I can't understand it.
I haven't seen one. The trades are "automatic" , maybe stop-loss are causing this ....