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.
Thank you Rivaldo for your posts, I read them all with interest, this having been the single most successful investment I have ever made. I bought at 21p after reading an article in the IC and whilst I have sold some along the way it is still my largest single holding. I consider RNWH to be the ultimate tortoise that wins the race. It has never been a high growth stock and I don't expect it to be, I am very happy with the huge progress it has made in over 20 years. When I first bought it was a housebuilder, called YJ Lovell then YJL, but it has only become the success it is today following the diversification into engineering. Yes, like Guitarsolo I would like a higher dividend and there must be some headroom there following its cut last year,but I have faith in the management who have delivered me a thirty bagger and still counting.
People are here Rivaldo! I still don't know where you go trawling to find the latest details of a sewerage maintenance contract, or a lamppost upgrade contact, but it is most welcome.
RNWH is a perfect long-term investment and I've had some involvement since 91p days so am a happy bunny. As we all know, operating in the non-discretionary maintenance market is reliable if not exciting. The company's acquisition history is exemplary and debt is always managed and repaid quickly. I like that.
What now? I am sure they have their eyes on a few more bolt-ons. But there are only so many that are going to work before you run the risk of it becoming unwieldly.
But run the EPS up to 45p...50p....60p etc and on a multiple of x12 for a solid, debt free company you can see where the share price should go.
I would like to know what the long term plans are for the dividend. It is currently forecast to be around 13-14pps but increasing slower that EPS should be rising. Is the extra cash to be used for acquisitions? Perhaps. A war chest? Who knows? Special dividend? No hint at that. But you ask how could RNWH garner more attention....would a stated progressive dividend policy help? They have plenty of headroom to play with.
Guitarsolo
Cheers oogleflugal, good to have some company!
The current spread is tiny at 641p-645p. In the opening few hours of the day the spread tends to be wider, and the bid price accelerates upwards almost every day at around 11.00-12.00 with the offer price remaining static. Today saw a slight break in that trend with a smaller opening spread, which is encouraging.
Don't say much because I'm not qualified. Yes, the 10 and 20 year charts are lovely.
Probably bought following your lead, Rivaldo [thanks!], in 2019, then topped up X2 last year, and am up nearly 50%. Thanks again!
FWIW I use Stockopedia, which loves it rating it 94/100, and especially high on Quality and Momentum - which seem to me to be the ones that count more than Value over the long term. RNWH is the kind of main economy stock I would listen to Stockopedia on. Institutional investment pretty stable at 53%, and it qualifies for 3 long screens, all momentum based. Broker consensus is high and rising. You will note I leave the important stuff - the figures - to others!
As an AIM stock it's possible it qualifies for IHT relief if you hold it for 2 years and pop off, and being in "highly regulated and secure sectors for many years to come", and seeming to be a nice quiet steady grower may be worth looking at. DYOR on that! It may not qualify anyway.
I would be interested to know, Rivaldo, what initially brought this company to your attention?
We're right behind you R! I agree with all your comments. I think sometimes its hard to understand the how much the acquisitive side of the business can really add to the growth, where as some of the more leveraged businesses people see as a multi billion dollar market that may or may not hit the jackpot. Spread is quite large here too at times, might put people off. A matter of choosing the moment.
yet I appear to be the only person here :o))
Imagine what might happen if investors actually latched on to this company, which still trades at a good value P/E with exciting prospects in a number of highly regulated and secure sectors for many years to come?
Evidently the growing and secure maintenance and support revenues enjoyed by RNWH in water, rail, 5G, nuclear, electric charging etc are simply not as sexy as hugely loss-making companies with massive market caps in e-sports, NFTs, biotech etc.