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.
Re-reading the RNS trading update, we ought not to have fallen so low, but fortunately I topped up at 23.7p (okay so this was on the back of top ups at 26p, 29p, 35p).
Personally, I think we will see a continued rise into the June results back towards the 35p with positive market news flow, anticipated rate falls (not actual as I think we're now looking at August) and growing confidence. I agree MadMat, we will be paid our dividend from the trailed £20m in free cashflow.
Plenty of reasons to think we've bottomed out and we are on our way back up.
Also, if they we're expecting to not pay or reduce the dividend then it probably would have been announced by now.
... and it's not been announced so chances are that it will be paid.
Ok, Cheers..
Cant remember the exact numbers now but they looked to be about 10-15x the avg daily volume yesterday (according to my Stocks app anyway)... Struck me as very odd.
It was always going to jump as this is a good business and once the macros come back to the construction Industry it will fly.
Does anyone have an idea what drove Mondays volume?
I only have a very small holding here, jumped in for a quick 10% and got trapped as it went sideways....
Other than recent Director buys I'm a little stumped at the volumes...
Some significant buy and sells gone through today which has been reflected in the SP.
Corporate b/s.
Thanks for posting that.
Against a tough trading background in FY24, Speedy Hire has taken steps to build a platform for long term sustainable growth through the launch of its Velocity strategy. While progress has been more strategic than financial in the year – although we note positive underlying cash flow was achieved - new business wins, the acquisition of Green Power Hire and a transitioned B&Q model all suggest that profitability is likely to move ahead again from FY25 onwards.
Speedy’s FY24 pre close statement echoed January’s trading update, pointing to successful new business wins with National customers but also some mobilisation and adverse seasonal effects. Stated group revenue of c.£420m infers that H2 was slightly ahead of H124’s reported £208.5m. While closing year earnings expectations are likely to nudge down further, the prospect of year-on-year progress from FY25 onwards appears to be intact.
The launch of Speedy’s Velocity strategy in FY24 laid out clear group financial (FY28 revenue of £650m, EBITDA margin 28% with conservative gearing metrics) and operational ambitions (to deliver sustainable growth from an efficient digital and data-driven platform). The primary enabling actions are expected to be in place by the end of FY26, though there is clear capacity to accommodate an earnings recovery and growth beginning in FY25.
Notwithstanding market conditions, the company has taken clear strides in FY24 towards achieving its five-year targets, investing accordingly.
Link to research note: https://www.equitydevelopment.co.uk/research/building-a-robust-platform-for-growth-fy24-pre-close-statement
It sends a very strong positive signal to the market to see the directors on a buying spree
And still they're BUYING
I Don't blame them I'd be buying too (to average down) if I had funds.
They're all buying now :)
Looks like we hfinally have some insider buying to the value of £20k
It will cost approximately £13 million to maintain the current dividend. Being optimistic I reckon they wiil maintain it but not increase it.
Any other direction of travel admits a failure of the Velocity growth plan.
End of year coming up but results in July?
Https://www.investorschronicle.co.uk/news/2023/11/23/profits-down-at-speedy-hire-as-low-volumes-persist/
ok, this article is from Nov last year but it says,
"Broker Peel Hunt maintained its full-year Ebitda forecast of almost £110mn following the release of Speedy’s interims, although it did reduce its pre-tax profit expectations to £30.5mn from £33.5mn. "
10% lower would be about £27mn, which is still about 20 times better than last year as I understand it.
Did the article mention about cutting the dividend Simon? The yield was so good it was the main reason for many investing here.
The article in the Times said profit forecast was 8-10% down on expectations.
Didn't have another warning RNS, looks like institutional selling. Martin Currie Investment Management Limited is reducing its stake. Could be an interesting recovery play from here.
Looking extremely cheep.... and I'm considering averaging down.
I suspect the reaction to the profit warning was a huge over reaction,
However, does anyone know what the expected profit was and what the new expectation is?
Without knowing these two thinks how can anyone assess is the reaction to the profit warning was reasonable or not.
Interview worth watching.
https://www.youtube.com/watch?v=ZChWkz-7tMw
Speedy Hydrogen Solutions announce its first state-of-the-art 30kW H-Power Generator ready for hire.
https://www.linkedin.com/feed/update/activity:7172848763818991618
I would have more faith in the board of directors who have implemented the Velocity strategy if they were filling their boots at this low price.
I need double this price to escape unscathed. Patience my man patience!
'We are pleased by these contract wins and have a strong pipeline of opportunities. This new business has been secured with good pricing discipline and demonstrates the attractiveness of Speedy's customer offering'. This suggests new business rather than just the same again so if it is just a rolling of existing contracts they would be putting out a misleading release.