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.
Stt1, you should be more worried about TLY that you're so invested in as you are clearly not invested here judging by you ramblings along with your other mate Johnny and co. I wondered how long it would be before you and you mates from ADVFN came over here again. Maybe we should all move across to TLY and spend all day thinking of bad news stories over there, like government cutting back on contracts etc...
Stt1. As you can see from the trading update earlier this month the cash went up from 15.9 at the end of H1 to 20m by September 1st. Is that enough of a surge for you?
The very significant growth that has been undertaken would have taken quite a bit of cash
In any event the cash inflow for any one contract is likely to be spread perhaps over a year so you can expect a steady flow of funds coming into the business.
There is no shortage of significant contracts and a very large pipeline
No need for you to worry!
A whole life dedicated to hoping against hope, that a small AIM company that you are not I vested in, will fail.
Life on earth is short and valuable. Imagine what’s going on his or her tombstone! “Bitterness and resentment is what I had to offer the world”
Exactly.
"H1: Accounts receivable 13.3M vs accounts payable (ie incl prepayments on contracts) 23.7M vs cash of 15.9M"
If you look at their fy2021 cash position and compare it to H12022, they haven't had the surge in cash they were expecting.
The need majority of their cash for day to day running. They also need more regular contracts.
Not if it is pre planned and the timing determined months in advance
He waited for 'India Price'
Too little, too late.
Why did he take 8 months to buy?
Given Mo has bought, there can't be any takeover news, major deals or announcements due, can there, as it would be considered insider dealing?
Just have faith in the BoD. They know what they’re doing.
The company must be generating cash as it has invested several £million in new facilities, expanding its screening facilities and 2 new challenge models on top of paying for its continued day to day operations. Therefore the cash pile would have been considerably higher if the new investment in the business had not occurred.
Lmao. You mean you still don't get that my point is that it does not apply to this company, at this stage with the amount of cash they have? Come on moni, we ha e discussed this before, extensively.
I have no intention of exiting. You obviously haven't studied the merits of buy backs in certain economic conditions. Just because the company uses some of its cash for share buy backs it doesn't mean the company has no other plans. Go do some more homework and maths...
on the cash point, looking at the last few years of accounts OO is not cash generative, however, the company has transitioned from 2 loss making units, into a combined company where revenues have grown and it is now making a small profit (as per H1 2022 numbers).
As per 31/12/20 when OO reported a £10m loss it had £19m cash (with receivables and payables factored in c£7m surplus). The £19m arose from 2 fundraises that year giving OO a net of £16.7m.
As at 30/6/22 cash is £15.9m (with receivables and payables factored in c£5.5m surplus).
So in 18 months in many respects from a cash position it has stood still.
However, it has spent quite a decent sum in that period on expanding its CS models, the number of beds and also reorganising the company structure so to do this without impact the cash position is a decent achievement.
In H1 2022 cash generated in operations was £1.3m, hopefully this maybe £3m to 5m by year end.
This for me is the key figure to gauge whether the company is cash generative.
IMHO it appears we have turned that corner. Now we need to see higher EBITDA margins and more cash generated from operations - the actual cash figure in the bank can be a bit misleading.
No one outside of the company knows what the BoD intend to do with the cash. For all we know they may have an acquisition planned. They know the company far more intimately than any retail investor does and I have faith in their experience, track record and ability to effectively run and expand the company.
Their interests are aligned with that of the shareholders, so whatever they have planned with the cash I have every confidence it will be the right decision. CF and Mo have significant skin in the game, so they obviously also want the share price to increase.
If, as an investor, one does not have faith in the BoD and feels they do not intend to act in the very best interest of their shareholders then it is most certainly time to sell.
It seems to me you are the one who wants to exit moni ;) as far as I can tell it would only be useful to take advantage of the temporary spike to exit/reduce. Hopefully that's not what the board has in mind.
Who suggested using half the cash.? No one has, £5 million is about 25% and would buy back 67million shares...
If that did not signal to me that they don't really expect much growth then I would not reduce. It is the fact, if happened, that would be both the signal and subsequently the opportunity. If tomorrow the sp doubled because they announced a couple of very large contracts/deals, I would not sell a single share. Even if they put £10 million towards buybacks, that's what? 13? And then less funds to expand if needed. Even if temporarily the sp increases more than 13% it will still go back to that level absent of orher developments. Then what? Is really worth more than half our cash to get the sp from 9.5 to 10.7?
It's not a weird made up scenario. I was under the impression that the company always has the option to buy back up to 10% of its shares without asking shareholders?
Most sellers have already gone I’d say
"From my view if this happened I would take the opportunity to reduce my position."
This also a plus for buybacks, helps Lth's exit or reduce their position without trashing the share price. Obviously also reducing the shares in issue. Win win.
*investor
You can ask Phoebe Buffay for all I care. Constant mentioning of WB is a guarantee that one is talking with an "inbestor" of the garden variety. Don't worry moni, all they need to do is stay focused on growing the business, and as far as we know from what they told us, that's exactly what they they are doing, no need for weird made up scenarios, just patience and vigilance
Well ask Warren Buffet as I'm sure he's better suited to answering the question than me or anyone else on this BB.
It would mean they have nothing better to do with the cash. From my view if this happened I would take the opportunity to reduce my position.
Exactly right, I read something very similar recently and listened to several financial experts saying the same thing about the merits of buybacks in current financial markets, especially if you have the financial ability to do so without jeopardising the balance sheet. Scinv_temp is just a disrupter on various boards so just ignore. I think Warren Buffet has a bit more financial nouse the Scinv!!!! Aimho Adyor!
Initially, I didn't agree with a share buy-back. Now however, given the cash pile, order book and current SP, a purchase of even 2 or 3 million pounds does seem like a good idea. I am now in favour.