Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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dont bet your house on a dividend
Interim divi was 0.28p, final divi is 0.56p (goes ex-divi on Thursday 31st Oct)... not super massive but progressive... a 30% intended increase has previously been declared for next year.
I came across this share over the weekend and read the RNS and could not believe the dividend it is paying I hope it is per share not per 100 shares as was the case one time i saw a share and what dividend it was paying but when i looked into it i thought it was to good to be true, so this morning i shall have a little chat with my bank manager to see how much he will let me borrow G.L.A.
At the current (cheap) price it makes perfect sense for them to buy-back.. all looking good to me.
What do people think about the share buy backs? They aren't sitting on huge amounts of cash so this would be financed by increasing loans? Also confirms no more acquisitions on the horizon I assume.
@ Hazat re: "That big enough for u GG?"
Not really, it represents 2.6% of Mr Russell's holding. I take your point on the CFO's personal financial position though.
Don't get me wrong, its good that directors are buying, but I just don't think the buys are big enough to expect people to make people take note.
(apologies for the delayed reply)
Big chunky buys today. Wouldn't surprise me if it's someone building a holding
I'm surprised the price hasn't moved more with all the buys today.
The resolutions certainly do look positive also:
Resolution 1, to authorise the Company for the purposes of section 701 of the Companies Act 2006 to be able to buy back its own shares; and
Resolution 2, to change the Company's Articles of Association to allow the directors to change the name of the Company, as permitted under section 77 of the Companies Act 2006.
Share buybacks, interesting. Along with director buys they must think company severely undervalued, which it is
I'd missed that rns, good bit of buying by him, especially when he already owns a good chunk.
That big enough for u GG?
Who knows what his personal financial situation is. Still a fair chunk of money.
I see it rising steadily from here, it's massively undervalued, it's just a very boring share to be involved in. I personally don't think that's a bad thing, but people chase the dream on aim, and this isn't that. It'll perform well as it has over the last few years, and have steady growth with a good dividend, it it won't double overnight like other companies can.
I'm happy with a safer share that is paying a dividend, that also still easily has room to double or triple in the next 2/3 years. I think based on buying at this level, it will be a 6% yield in 3 years. As well as being 70p a share.
I'm more than happy with the way the company is performing.
They weren't exactly huge buys. It would be more of a vote of confidence if the CFO bought 10 times the amount he did.
An underwhelming reaction to director buys. Brexit I suppose
So there we go, people moaning about the lack of director buys and here they are.
Very happy with the results, good solid stuff in all departments. More progrssive dividend rises to come.
I agree, I'm happy with those results.
No shocks or bad news in the results and good to see the dividend increase.
"Total dividend for the year (combined interim paid and final proposed) of 0.84 pence per share (2018: 0.65 pence per share), an increase of 29%"
I'm not expecting huge movements, we already know they made more money than the previous year, and they have already announced the dividend. As long as they continue to honour the progressive dividend they announced last year I'm happy with the return that gives until the price recovers. We all know this has a fair value of pretty much double where we are now.
Agreed.
Either way, the so will move by quite a lot (hopefully up) either way.
Yes they are. Hopefully they'll add a bit of excitement (in a good way) to the price.
Are the results out tomorrow (Wed 25th September)?
Sorry, Badger not Bruce.