Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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update and now they're going to get rid of 'plastic' in their name. Can't be bad!
Solid company but as you say off radar to many and the word 'Plastic' is gonna put people off in the current climate. Identifying overlooked companies can be a good strategy if you don't mind the wait.
Double digit turnover growth expected here (as over several recent years). good II support and director shareholdings. Could do with the div back tho...
Never much activity on this board. A bit like the SP. Curious to know why others continue to hold this share. With no div and not much movement in the SP - -why hold?
There was one at end of sept last year....and nice little sp jump today so lets hope a little bird has been tweeting somewhere...!
The Growth and Innovation Forum will show you how to take advantage of new investment opportunities in technology stocks and funds. Come and see Nick Ball, Group FD - Plastics Capital and 20 other companies present at the Growth and Innovation Forum on 31st January 2017 at Business Design Centre London. Find the next stock market ‘winner’. Satellite Solutions Worldwide +79%, CyanConnode +43%, Instem + 44%, Summit Therapeutics +32% and XLMedia +46% all attended last year. Click to register to attend for free https://goo.gl/uumw4P The other companies also presenting Jaywing, RedstoneConnect, Blancco Technology Group, CloudCall, Frontier IP Group, CyanConnode, Bango, LoopUp, CityFibre, TP Group, AJ Bell, ANGLE, Legal & General UK Alpha Trust, Defenx, Instem, WANdisco, Collagen Solutions, Avacta, One pm Finance, Cenkos Securities and Mirada. https://goo.gl/uumw4P
Its caught my attention now! Its been on a nice little run since sp bottoming out end of June. I'll take a closer look but the technicals on the chart look good.
No postings yet..? I've been happily tucking these away for some time now, nice little well managed company with good income too. Todays figures again show steady progress. Might not be overly exciting but that makes for a nice sleep easy investment whilst i wait for everyone else to catch on!
Hi mate, sorry I don't check this chatboard often, PLA was a long term hold for me. I've sold about half my holding today, just to reduce risk in the event the stock falls back now. China PMI data is causing problems elsewhere for me (GLEN) and prefer to be patient until things are clearer. Did you get round to a write up on this? I would enjoy comparing notes if you have as I will be looking for an entry once fears abate Atb
Plastics Capital plc (AIM: PLA), the niche plastics products group, announces that it was informed yesterday that Mr Andrew Walker, Non-executive director of Plastics Capital plc, on the same day purchased 118,771 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 105 pence per Ordinary Share. £118K
hi mate. I was going to write the other day how we both seem to like similar stocks (ESR/SVCA etc) and now PLA too! I like the company but I think the debt levels are a concern. will see how it goes from here though as seems a good sp level for 36M mcap
Contemplating taking a stake here but past earnings haven't been particularly strong. Will the recent acquisitions add immediate value following transition or prove a burden in the next half year update?
TW has today written the following: Plastics Capital (LSE:PLA) has announced results for its half year ended 30th September 2014 and that the board “expects the group to continue to trade in line with expectations for the rest of the financial year” The results show an adjusted pre-tax profit of £1.55 million on revenue just over 1% higher than in the corresponding 2013 period, at £16.53 million, generating earnings per share of 4.6p, down from 5.4p. This reflected Packaging division growth from new product introductions and recent investments in new production capabilities and capacity offset by lower Industrial division sales, “largely attributable to lower sales in Continental Europe”. The company though noted; “We anticipate an improvement in trading in the Industrial division based on customers' forecast orders and this should lead to an uplift in sales and profitability in the second half of the financial year such that full year results will be in line with market expectations. There will also be an initial contribution from Flexipol. We further anticipate that our new business activity will bring significant benefits in the medium and long term.” Its confidence is reflected in an increased interim dividend per share of 1.33p (up from 1p, to be paid on 31stDecember with an ex-dividend date of 11th December) and forecasts are for earnings per share of circa 12p and a total dividend per share of 4p for the year, rising towards 15p and more than 5p next year. With the balance sheet looking under control, this suggests a dividend yield at the current 117p offer price of 3.4%, rising to 4.3%+. a decent recovery from the 100p hit in October. We continue to consider that this recovery has further to go and remain attracted by the dividend whilst waiting. At up to 140p - Buy. Is this tip from TW going to prove to be a curse? We can never forget his tip to buy Rivington Street Holdings. https://www.youtube.com/watch?v=Kf5tT02Tw8A
interesting!
trade....buy/sell...........
51.5% increase in dividend. To 1p :P
Nice Update.
12 September 2013 Plastics Capital plc (The "Company" or the "Group") Trading Update Plastics Capital plc (AIM: PLA), the niche plastics products group, announces an update on trading for the financial year to date and is pleased to confirm that the Company continues to trade broadly in line with market expectations. Notably, mandrel sales have been strong during the first half of the current financial year and are currently up 50% year-on-year. This part of the business is benefitting from both a general improvement in market demand for our existing products, introduction of new products and the positive effects of our business development initiatives that have been introduced over the last 3 years. We believe that similar initiatives in our other divisions will produce positive results in the near future. Within the bearings business, we have also won our first project for integrated plastic bearings to be used in automotive instrument control knobs since the beginning of the financial year. This project should contribute GBP200,000 sales per annum when in full production. A further six smaller projects in the bearings business have also been won since the start of the financial year amounting to a total annualised sales value of GBP600,000 when in full production. Instrument control knobs are expected to continue to be an exciting new application area for the Company with significant potential for further projects in the near future. The industrial film packaging business has successfully completed the installation and commissioning of the new high speed extrusion line. New film compositions and types have been trialled and are being introduced into the market. We are confident that this investment will contribute significantly to profit growth henceforward. Our creasing matrix business continues to drive forward in emerging markets where sales growth is strong due to the the provision of efficient technical solutions at large cardboard packaging companies companies, where we have converted more than twenty new accounts since the beginning of the financial year. Commenting, Faisal Rahmatallah, Executive Chairman, said: "Our mandrels business is leading the way in innovation and business development. New products, technical service and solution selling have combined to achieve excellent conversion. This strategy is being followed across the group and we are confident that it is providing an excellent basis for future growth." Plastics Capital plc Tel: 020 7326 8423 Faisal Rahmatallah, Executive Chairman Nick Ball, Finance Director Cenkos Securities Tel: 020 7397 8900 Stephen Keys Adrian Hargrave First Columbus Tel: 020 3002 2074 Katrina Perez Marianne Woods Walbrook PR Ltd Tel: 020 7933 8780 Paul Cornelius Mob: 07866 384 707 or paul.cornelius@walbrookir.com Helen Cresswell Mob: 07841 917 679 or helen.westaw
Top Director Sells Plastics Capital (PLA) Director name: Mr Richard Vessey Amount sold: 142,809 @ 81.50p Value: �116,389
Richard Vessey, the founding shareholder of Plastics Capital, sold a slice of his stake in the niche plastics products group. Vessey, who is also a Non-Executive Director, disposed of 142,809 at 81.50p each, generating �116,389. He now holds 2.47m shares in the company, equal to 8.98% of the issued share capital. At the end of January the group said it has been trading in line with market expectations, amid stable conditions. It said that although the market in Europe has remained depressed, elsewhere sales are growing as expected. Both margins and cash generation were reported to be strong and similar to those seen last year.
14:41 A A A Plastics Capital on Tuesday posted a trading update for its third quarter, showing results in line with market expectations. The niche plastics product group said trading conditions were stable since announcing interim results and little change was expected in the near term. "Demand in Europe remains depressed, but elsewhere sales are growing in-line with management expectations," the company stated. Plastics Capital secured new businesses including LG Corporation in South Korea for paper pathway bearings, which has a potential total sales of £0.25m per annum when it commences production later in the year. The group also won a contract to supply bearings for camera lenses and established a manufacturing facility in Shanghi where it will primarily make machined plastic ball bearings to meet demand for the product in China. "Many European customers, whose demand is driven by the investment cycle, continue to be affected negatively by the weak economic conditions - elsewhere demand has been improving," Executive Chairman, Faisal Rahmatallah, said. "New business activity is going well and we are investing for growth in (full year 2013/14) and beyond. Performance should be broadly in line with expectations over the final quarter and looking into the next financial year I anticipate a year of significant progress."
Outlook Volumes have been flat over the two quarters that made up the first half year. Since the half year end, this pattern seems to be continuing. However, the pipeline of new business which we have built up over the last two years will have an increasing impact on future revenues. That being the case, we would anticipate some improvement to trading, even if modest, in the second half year. Over the medium to longer term, we expect to see revenue growth resuming as this new business flows through. We remain confident about the direction and future growth of the Group.
CONT Profit before tax and earnings per share have both benefitted from: · Lower interest costs as our debt has continued to decrease, and · Realised profits on foreign currency debt that has been converted into sterling during the half year. Earnings per share has benefitted from a lower tax rate, which arises from the R&D tax credit and from the reduction in the rate of corporation tax. This should be sustainable going forward, barring changes in UK government policy. It is worth noting that over the last four years our first six months' results show that underlying earnings per share have achieved at a compound annual growth rate of 10% per annum. Operating cash flow has been good with £2.0m being generated for the six month period - this represents a 96% conversion from EBITDA. Working capital has been carefully managed and capital expenditure has been unusually low, mainly as key projects have been subject to minor technical delays. We would expect capital expenditure to return to normal over the full year period. Net debt has been reduced to £8.6m at the end of the half year. Over the last three years we have reduced net debt by nearly £10m, primarily from operational cash flow. Net debt is now at a level which we consider satisfactory given the cash flow characteristics of the business. The Company is pleased to announce that it intends to pay an interim dividend of 0.66p to all shareholders on 28 December 2012 in respect of the period ended 30 September 2012. The record date for the dividend is 7 December 2012 and the associated ex-dividend date is 5 December 2012.