Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Strange folk...but I guess they reckon this is still in a 2 year down trend with bottom c £2.70-2.80???
on fundamentals, this looks too promising to sell, let alone go short...and the leverage makes the small bounce to here immaterial
it's trading on a forward pe of just c5 and ctnw ffs...with strong growth potential (organic and t/o); decent management (esp not overpaying under scrutiny for acquisition) and improving brand
1600/230 or 240, so c7
EV/ebit for this year c£1500/£230 or £240, so 6-7
That's not wildly cheap, but the cheap debt, decent management (didn't buy Halfords for some silly price), strong growth make this a buy imv
tp £6
Got my first lot around 326p, missed the drop lower and was going to add more if it dropped again.
Can’t see that happening now.
Great long term hold.
Excellent results, dividend increased and solid market reaction. Full year earnings forecast "modestly ahead of market consensus". What's not to like here?
Hopefully Mgmt will just sit on their hands and wait for Halfords to come back with their tail between their legs.
No need to rush - market clearly thinks there is worse news to come from Halfords.
We have no experience with retail and it doesn't look as if Halfords management are much cop.
Following market reaction to Halfords results this morning I'm pleased nothing came of the merger talks.
Https://www.pressreader.com/uk/the-sunday-telegraph/20231119/282175065852365
Quite a few newspapers have ran this story, but many of them behind paywalls. What’s everybody’s attitude towards this potential merger?
I’m not invested in either company atm, but I’ve held shares in both previously, and I always keep a close eye on REDD
@Transan As you will have seen over the years, it's all about the management team and now we have the A Team installed.
It's always nice to see a stock that you've bought into rise, But I was hoping REDD would stay 320p or below until the new year.
Ah well !
Onwards & upwards.....hopefully
Been a shareholder since 92/93 when it was Goode Durrant plc
Within 2 years this will be back around £10 per share. Buy backs / great aquisitions already made, huge market share and interest rates on the slide this will be a red hot 250 stock. If you can hold for a reasonable period this is a bagger!
I remember when the share price for Northgate was £13!?!
I am now invested with 1000 shares purchased.
This will get noticed now it's featured in the M.O.S Midas column.
I'm not invested, but have certainly took note, as i'm investing in U.K listed shares that i think are undervalued & pay a decent dividend (such as LGEN,BAT, UKW & LLoyds etc).
The earning & profits have been growing nicely here & the dividend has been well covered too.
What's not to like ?
No the company will not get dividends on the shares they buy back.
Good dividend£ payment? Question: the buy back shares that the company have been amassing - do they get divide not on them??
Welcome tichtich,
Looks like you've made the No. 1 rookie mistake. This is no longer just a 'van rental' company.
No.2 rookie mistake is believing you are the only one who has 'realised' the risks and that none of those risks are priced in.
On both of those points, look at the bigger picture, pre & post merger. I got in July 2020 after realising Mr Market had completely ignored the Redde business and had valued the company on Northgate profits alone.
The underlying trajectory of the business is very encouraging thanks to a highly competent management team leveraging their acquistions to create efficient growth. Don't ignore the EV story either.
Being a value investor, I don't normally talk up my investments as I relish in buying the dips, so this is my good deed for the day.
Hi. I just started looking at REDD a few days ago. It looks very cheap, recently bought back shares, low debt. The only drawbacks I can see: (1) probably very cyclical and we're heading for a recession; (2) higher oil/petrol prices could be bad for business.
Absolute bargain today. £650k spent well. This buyback is going far...
https://www.lse.co.uk/rns/REDD/transaction-in-own-shares-vzdo0f63t6dslgb.html
@jolly Regarding debt, I am aware thanks. Also bang on their 1.5x leverage target, which is very reasonable. That's why I've been topping up. Debt was the only thing I could come up with for the falling SP. Low on cash too but with a solid RCF liquidity is not an issue. Growing revenue and profit YoY since the merger and trading at reported tangible BV. I'm scratching my head too. With a P/E of 5.4 it's surely just a matter of time before it gets the attention it deserves.
Another large drop today despite the FTSE 250 finishing in the green. Institutional selling? Perhaps an RNS tomorrow? I'll be increasing my weighting if we get close to £3. I'm gonna keep buying and hope that 7% dividend is maintained.
Roughly half (a little over) of its debt is fixed at little over 1%pa out to end of decade
Debt levels and rising interest rates?
What's the catch here?
down at TNAV, profitable and growing, experienced management in a sector where there may really be some interesting economies of scale (incl access to cheap, v cheap LT debt; access to partnership deals with majors like Iberdrola etc)...
charts seem to be screaming sub £3
at which point, I'll start to scream "strong buy"
probably