Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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By 'every acquisation in the last 12 months' I take it you mean the 1 prior to this.
Do you hold any Kape shares?
Cyber security stocks rise strongly on Nasdaq. Could this follow? It’s cheap by comparison.
"No businesses use the bedroom VPN's owned by KAPE"
Who mentioned the VPNs aimed at private individuals? They have products aimed at the business market as well, just so you know.
Are you invested in Kape? I ask only because you seem very 'anti' them from your recent posts
"No businesses use the bedroom VPN's owned by KAPE"
Who mentioned the VPNs aimed at private individuals? They have products aimed at the business market as well, just so you know.
Are you invested in Kape? I ask only because you seem very 'anti' them from your recent posts
24% up in two days ,i didn't see this coming ,nice
It's not just individuals who use VPN, companies do as well for security reasons.
The company I work for is multinational with 17,000 employees and we use it.
It's not as basic a product as some might think
yes markets think so,nice
Interesting points from Shore Capital's new note today:
- with 28% earnings accretion, KAPE are forecast to make 40.6c EPS next year assuming the acquisition completes before 31st December, rising to 46.5c after that
- the resulting P/E of 13.6 for 2022 at 400p is extremely cheap for the sector
- ExpressVPN have 93% recurring revenues
- founders will own 14% of KAPE post-acquisition
- ExpressVPN is highly cash-generative, with expected cash conversion over 85%
- it has users in 180+ countries
- it has an 82% subscriber retention rate (very similar to KAPE's)
- it has extensive relationships with the likes of Acer, HP, Nokia and Philips whereby it's pre-installed on those brands' hardware. KAPE will likely leverage this for Cyberghost and PIA etc.
wow i was expecting red day here but
GBX 379.00
7.21%
+25.50 Today
Sep 14, 8:10:16 AM UTC+1 · GBX · LON · Disclaimer
The placing is indeed at 337.5p, and was "multiple times oversubscribed".
KAPE's directors have subscribed a whopping additional $13m in the placing, and the founders of Express VPN have put in another $4m.....plus major shareholder Unkmind put in another $15m.
Full steam ahead methinks.
Wow :o))
I did expect an acquisition, but didn't expect it to be for $936m.....this takes KAPE into a different league.
"Highly earnings enhancing" too.
And a MINIMUM price of 337.5p for the fundraising is excellent news.
The share price could rise sharply from here as the full impact sinks in.
Here's a nice SCSW tweet about the deal btw:
Https://twitter.com/SCSWSharewatch/status/1437459372590960641
"After hours #KAPE , buying ExpressVPN in part funded by placing at 337.5p, doubles user base to 6m. Huge synergies from consolidating servers and duplicated costs est at US$30m. Almost 30pc eps accretive.Been a great one for GP3 which holds from 93.5p"