Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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And no debt. $900mill in cash and no debt. And america hasn't come on stream yet either. Bodes well, hopefully, for the future. Only issue is the cost of acquiring new customers and keeping hold of the high net worth consistent traders.
The World Cup affected trade in 2022 as it did last time, but despite everything trade was "excellent". Given further tail winds this share should do really well in the future. Even today's rise is not as much as the fall in share price yesterday.
This was an unexpected bonus this morning as I wasn't expecting any news until the February results. Hopefully this will reverse some of the heavy falls we have seen recently.
The very positive underlying message is that our US subsidiary is making good progress 7 while revenues,profits & cash flows are likely to be immaterial,currently, the potential exists for these to grow exponentially & increase our profile in the US & , perhaps, one day, we will be afforded a higher rating,consistent with that of our peers.
which is nice in itself tbh - Plus has had a habit in the past of dropping bombshells in these trading updates (but they've couched the bombshell in Plus speak and so a certain amount of deciphering and reading-between-the-lines has needed to be undertaken by the collective to uncover the actual truth). They've stopped doing that in recent years however.....so to read that update and not have to worry about deciphering is a postive in itself.
RNS is positive if unspectacular - hopefully sp rise today.
How do share buy backs increase eps artificially?
EPS = earnings per share, so reduce the number of shares (the denominator) and for the same earnings level, the EPS increases. It is just maths.
The number of shares bought by the company yesterday increased significantly. Are we going to see this increased level from now on? It was announced yesterday another $60 million was added to the share buyback fund. This will add further upward pressure on the share price, ceteris paribus.
Yes, always a worry when companies venture off from what they do best and start of an acquisition spree.
But they haven't decided to take on debt to pay more dividends or do further buy backs so they are pretty conservative in this respect.
They may also just like a 200m buffer. If working capital of 525m is needed as stated. When they are on the wrong side of customer trading performance which we have seen can be over 100m, having an extra buffer means they can ride it out very comfortably.
Fair enough, but this has been on a low p/e for many years now. It remains to be seen what they are planning to do with all that excess cash, probably small acquisitions as you mention.
@tom, while the company looks undervalued in terms of p/e buy backs are good. It's Cheaper too for the investors that reinvest the dividends.
Sure, like all buy backs it increases EPS artificially, but on balance I'd rather the buy backs in this case.
Note they have said cash required for working capital is circa $500m. I believe this is the first time they've mentioned this so no doubt it's for a reason, presumably more acquisitions funded by cash. Time will tell whether this increases shareholder value or whether we'd be better off having the cash returned either by divi or buy back.
Rubbish dividend - they should be paying more. Half of the profits sit in the bank doing nothing, the other half get split between the dividend and a share buy back which is to raise the eps to make the BOD look good and try and prop the price up.
Outstanding profits and returns only negative at Plus is falling customer numbers.
We know that revenue & EBIT are substantially ahead of FY21 & that expectations are for us to exceed expectations for the year - & we were first told that with more than 6 months of the trading year remaining,reiterated a few weeks ago with the H1 update.I expect a strong dividend & continuation of buy backs with view to our extremely strong( & presumably still growing ) cash position .Hopefully news of our expected expansion into Japan & confirmation that our US division is growing strongly
My guess next div $1. Any Takers.
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Rather looking forward to the interims soon. I wonder what dividend?! It could be immense. More importantly I think the decline in commodity prices and terrible world economy is sparking bullishness that central banks will have to stop these interest rate rises soon. This must have led to trading activity but there is also the volatility from profit warnings in almost all sectors that must be so imminent and prevalent. What a share this has been confounding so many sceptics. Contrast it with last year’s wild bullishness on so many unbelievably high rated shares.
Us progress particularly exciting as there is massive US potential-apart from potential from our entry into new markets.Buy backs will clearly continue,with approaching $1bill in the bank & our yield should increase substantially with view to increasing earnings.
My only regret is not having a substantially higher stake !