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.
Wagamammas not doing deliveries currently
If RTN survives(Which I strongly believe)How much you think SP will be.We paid 109 for the Waga only.Considering all the assetts RTN has gotten,I strongly advise you to reconsider everything again.Main thing If RTN will survive or not(Which I strongly believe)
It is certainly a risky investment for investing now! For myself l invested a long time ago and agree with your comments re not being well run however they have been transforming the business in the last couple of years. I know a lot of people did not like the waga deal but it transformed the group profitability. My choice is to wait and see!
Although pre 80% announcement - they certainly would not have accounted in that 15mill cost figure for being closed and paying full wages for FT and PT workers. The group was poorly run before this, I wouldn't put faith and cash on them to be one of the few to survive.
The £15m per month was pre 80% wages being underpinned by UK government so cash burn should be lower. An update re this and discussions with landlords would be welcome. Places for entertainment and eating will be required after this subsides no doubt about that although maybe not as many as previously which will be good for those who survive and hopefully RTN will be one of them.
£15 million cost for every month shut on their last update. This could go 6-12 months before restaurants re-open, and sales will be down. High street is dead IMO. Can they make money on Waga delivery only? That looks the future.
I was reading the statement re the above and they have appointed administrator for the pubs but only given notice of intention to appoint for chiquitos. The reason cited both businesses are expected to incur losses this year. For the pubs I would assume they will be sold off as a going concern and RTN will take a gain/ loss on sale amount unknown yet but would suspect loss. Re Chiquitos interesting if landlords reduced rent then maybe they could become profitable or maybe they just want to bite the bullet and address over capacity in this market and take subsequent hit we will see. If they have assessed all the groups businesses then thats a positive in that they expect profits this year or marginal! It will undoubtedly a bumpy ride in next month or so. GLA