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These shares are still cheap as strong sales continue in emerging markets for prestige vehicles. This company is an animal. Think Ill buy a new merc when they hit £4.10 :-)
INCH should push back up to 400p now if some sense & rationale is returning to the market
Societe Generale upgrades Inchcape from sell to buy, target price raised from 270p to 315p.
You indeed correct with this share at a bargain basement price. i sold at 392 and thought i had sold early. I did actually given the massive cash generation they will embark on over the next 12 months from south east asia. There is a very easy 40% profit to be made hear upon the correction that will be due. This company is an animal that delivers cash!
this was a bonkers low price yesterday and still is today. Under £3 is a bargain - this company has zero debt, increasing strong profits and in a better position than 2007 but at less than half the share price. This is nothing to do with fundamentals and all about market sentiment. This is a riser for sure over the next 12-18 months expect a solid and stable £4 something
ahead of the market rise - speaks volumes. we'll be back over £4 sure as.
Arden Partners upgraded Inchcape (INCH) from "add" to "buy", with a target price of 400p. The car-dealer looks oversold in the broker's eyes, and believes that the strong management team will be able to steer the company safely through the economic downturn. Arden is amazed that the the group earned 225 million pounds in pre-tax profits, despite losing between 300 and 350 million pounds in sales from the lack of Japanese production, and notes that the shares are trading cheaply on a price to earnings multiple of 8.5 times.
I guess you didnt see the news or the SP today, very good results, over 7% increaseon SP and dividends reinstated. We have already started the way up and this is a trulely global company that is doing very well indeed and is one of the more solid and steady shares in my portfolio
just following the general market jitters as inch always seems to do. sit tight fellow, i'm looking for this to be pushing £5 by year end. car sales dont seem to be affected by the economic wobbles according to reports, so we're due a correction here soon. i've got this & wkp as my big, safe recovery plays over the next 18 months. hope i'm right!
Anybody have any idea's why Inchcape has had such a drop from it's high of £4.26 a couple of weeks ago????
Frankiefactfile's website informs people about who inch company's director.......
Hi guys, I've been keeping away with what happened to inch cape share stocks and price for a long time. I've noticed about inch cape, that although the share price seems to be going up really well, the quantity of the stocks on this share has been stealthily decreasing, and shareholders aren't making high returns, because of the quantity is decreasing a lot, while the stock price is increasing, so we might hope that the quantity on shares don't decrease while the price increases.
nice steady rise here. keep it up
not stalking you but this was my first buy at 11p, then 16p & 20p before consolidation. bought another 4000 @ 300p so in for a while. not looking to sell for another 2 years so happy with the steady climb towards 400p. certainly up here in the highlands there are plenty of new cars on the road so hopefully good times ahead.
I see that at the AGM yesterday that it was voted 100% FOR to approve a final dividend of 6.6p per ordinary share
Inchcape downgraded to hold from add at Brewin Dolphin, TP stays 400p
Inchcape (INCH) is the best looking new tip this week. Inchcape broke out the sideways range at the end of last year. It fell back to support and bounced off so we are now looking for price to go back and test the 400p peak. Use an 18% stoploss from here. From David Linton of TipsTracker.com
I hope you're not suggesting inch has a shortage of cars to sell?
To start production again in the next 24 hours.
. . . sorry you probably already hold PDG!
Surely the SP has already anticipated the good news, it has risen a lot in the last year. Forward eps for next year around 11.4 - with 2012 projected at 10ish - I wouldn't want it higher for a retailer. Why not sell and buy PDG? (ok yes I know its riskier)
but just about typical of every share in my portfolio. Great news, higher than anticipated (by 10%) dividend payment and the share price drops 5%. This should be north of £5.00 based on results, company stability and dividend. Holding mine, and you cant have them for this little
Inchcape beats forecasts, resumes divi Date: Tuesday 08 Mar 2011 LONDON (ShareCast) - Car dealership Inchcape revealed better than expected full year results, resumed its dividend payment and said it is confident of a solid performance in 2011 as it continues to tap into fast growing emerging market and Asia-Pacific economies. The group, which makes around 65% of trading profit from Asia Pacific and emerging markets, reported sales of £5.9bn for the year ended 31 December 2010 compared to £5.6bn the year before. Pre exceptional pre-tax profit climbed to £214.0m from £155.1m a year earlier. CEO André Lacroix commented, "In 2010, the group has delivered robust profit growth with strong cash conversion... broad geographic spread and diversified revenue streams." Market expectations were for full year profit before tax of £204.9m on sales of £5,873m. Inchcape, which sells and distributes cars for manufacturers like Mercedes-Benz, BMW and Toyota in 26 markets, noted the uneven global recovery in the new car market. "In 2011, we continue to expect to see an uneven global recovery with market growth in Hong Kong, Australia, Russia, Finland, the Baltics, Africa and South America. However, we anticipate market declines in Singapore, Greece, Belgium and the UK, which together represent around 50% of group sales," the group said in a company statement. The board has recommended resumption of dividend payments with final dividend of 6.6p per share after dividend payments were suspended in 2009. Analysts had forecast a dividend of 6p per share.
Nice results indeed and with a final divi ...good share for anyones portfolio
André Lacroix, Group CEO of Inchcape plc, commented: "In 2010, the Group has delivered robust profit growth with strong cash conversion, demonstrating the strength of Inchcape's unique business model with its portfolio of leading premium brands, broad geographic spread and diversified revenue streams. We have further strengthened our competitive position through our differentiated Customer 1st strategy and operational discipline on our Top Five Priorities of growing market share, growing aftersales, improving margin, controlling working capital and selective capital expenditure investment. Given our robust profit growth, strong cash conversion, the improved financial position of the Group and our confidence in the future, the Board is recommending a final dividend of 6.6p for 2010. Inchcape is uniquely positioned worldwide as a leading international automotive distributor and retailer, operating in strong economies around the world with 65% of trading profit coming from Asia Pacific and Emerging Markets. In 2011, we continue to expect to see an uneven global recovery with market growth in Hong Kong, Australia, Russia, Finland, the Baltics, Africa and South America. However, we anticipate market declines in Singapore, Greece, Belgium and the UK, which together represent c.50% of Group sales. We believe that given our strong track record, financial strength and operational focus on our Top Five Priorities, we will continue to improve our competitive position and deliver a solid performance in 2011."