Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Agree & fingers crossed that the results will bring an uplift this year as the Directors are pointing towards wanting sales growth.
New good news would be nice SC, but they had a Trading update around the same time last year..
I see Marson have announced they will be issuing a trading update statement on 26th July (just after all the directors have been buying shares?). This is apparently for the 42 weeks trading up until 22nd July 2023. Appears interesting for an odd period but a period that by tradition brings in strong warmer weather sales? Unless there is something else they want to tell us? DYOR and GLA.
Encouraging start to the new month only up just over a penny but signs are there that these shares are going to take off again, always a better second 6 months so positioned to show that once again maybe ambitious but can see these reaching 35p by the end of the week...
Erhh Yes it seems some do not read what comments are said by the senior management either - who said that for Marston the sales figures are always better for the 2nd half when the weather improves. However they were still up on last year over winter in any event.
The only agenda here is for those who want a lower entry point hence the negativity. However this actually helps me too as I can buy some more. When an NPV has bene uplifted one would be mad to sell!!
Lejib
Spot on.
A perfect observation !
If people post on here news is much better than history, sadly some regurgitate history pretending it is news, presumably for their own agenda ?
Agreed, but those figures were priced in for 1.5 months - the SP actually tanked on the day they were published and kept going down for the next few days. It has barely recovered since then.
That suggests that the market expected better.
The numbers don't look that bad considering all the negative factors, hopefully we can get back to the 40-50s within a couple of months.
NPV per share upgraded from 71p to 98p a share. See link to the official Marston site for official a/c :-
www.marstonspubs.co.uk/docs/financials/2023/interim-results-presentation.pdf
Oh look, the share price is being manipulated upwards!
Agreed Directors have bought under stock market rules and at the first opportunity after the official results release. It would have been against the rules to have done so within the set periods (from memory 28 days) before and after.
They know, as we all do what the official accountants audited reports have said with the share price NPV being calculated at 96p. So this share is a bargain per audited / released accounts and highly likely to raise interest from Worldwide investors and Comps. GLA.
1- They don't look token. They are of the scale of several £10k for some of the individuals concerned.
2- High visibility: it's probably to reassure the market, but that also means that a placing (my personal concern) to reduce the debt is much less likely now. Otherwise, that would destroy the credibility of the company.
3- (More speculative) The business is still doing fine, if not even better, and all those directors have been waiting for a window when they can buy before a closed period start.
Don't agree. Look at other company's in the sector. How many are at or just above historic lows?
Giant.... you may be a trader looking for a quick buck, the fact remains, scepticism does exist amongst seasoned/experienced investors who would be licking their lips too achieve a 200-300% increase.
A Asset-stripper would see the enormous potential here, if the figures ( assets and liablities) are to be relied upon.
The question remains, if as you assert the SP is at the bottom, are VC's not plunging in?
I would say MMs have little choice but to take this up. It's in oversold territory and any positivity in the upcoming trading update in July could send this to around 50p in no time.
There's no reason to believe the market is skeptical about the nav. You're the one making that connection. A low share price isn't evidence of skeptism around the company's figures. It isn't evidence of anything. Many shares are currently at or near historical lows right now. And it's due mainly to the general climate - emerging from covid, inflation, interest rates, the war in Ukraine etc.
Clearly the Market is sceptical about the NAV. There are many Venture Capitalists who would jump at a potential doubling even trebling of their investment.
The question is why are they not taking this opportunity ?
There is a raft of reasons. Can the estate valuation be relied upon? Remember prior to Covid, the BOD conducted it's own in-house valuation which subsequently had to be downgraded. Last year saw, for the first time, external valuation of 1/3 of the estate. A realistic guide to valuation will be shown when the draft of PUBs with Christie's, are sold.
Any valuation regarding the 40% share of CMBC is academic as there is only one buyer. Carlsberg call the shots!!
Backs up my expectations that next months trading update will be a positive one.
Nav = total assets - total liabilities
Nav per share is 96p
Shares in issue = 660,400,000
Shares in issue X nav per share = £634m NAV
Put another way, total assets is around £634m more than total debt. And yet market cap is just £180m
Nav is around 3.5 times greater than market cap
You don't understand what insider trading is:
"Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. "
https://en.wikipedia.org/wiki/Insider_trading
Have you heard of that little thing called "debt"?...
BRITISH brewer and pub owner Marston's plans to tie up with Carlsberg UK to create a joint venture worth £780million.
Marston's own 40% of the joint venture which would be around £312m
Property value stated recently as £2.1 billion, representing an increase of £93.4 million
All that versus a market cap of just £179m - whichever way you look at it, 28p a share is massively undervalued. This should be north of £1
https://www.thesun.co.uk/money/11686551/marstons-merge-carlsberg-780-million-deal/
Lejjb,,The last time the 3 offers were put in to buy marstons and three times rejected it was kept secret,no one on this site knew or was told about it,could that be classed as "insider trading",??
It can still be taken as a vote of confidence in the company that an insider is buying. There are no laws against insiders buying stock in their own company as long as they notify the market within 2 days of the transaction, usually an RNS.
That would be insider trading, so no.
Quite a few directors buying up shares just recently,have they heard or know somethings imminent ???