Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I suppose the £10m does not go to shareholders directly so we are subject to buying and selling price movements. You wonder though is a director incentive bonus based on price with this change in strategy. A guaranteed bonus dividend of a further 3p would have been better in my opinion.
Review in The Times this morning. Finally some positive energy.
The Trading Statement and Share Buyback scheme have just delivered an 8p per share increase - nearly 30x what £10 in a divi would deliver. If you really do regard this company in this sector as risky, you really should sell up now and stop moaning.
I personally see the share buy back as a positive and overall the rns would appear to bode well for the company so it got my approval and I have jumped in at 60.9
Construction is risky so 6-7% is what we need minimum
Over 6% dividend a year too low ? are you for real ?
Shares are heavily printed each year through the management incentive schemes so why buy these prints back? Just increase your dividends please as 3p a year is too low.
50p is obvious bottom
perhaps the obvious will prove to be so yet again
SP seems to be on a slow downward tailspin, on little or no news, that does not justifies drop, unless im not reading it right.Only reason it see this big drop is SFR a small cap.
Not sure where Robbie Burns gets that yield from. 3.5p of divs over the past 12m. At an ask of 53.8p, that's 6.5%.
The modest M&A multiples and the poor organic revenue performance in 1H certainly make me nervous, but
Interesting, thanks
I'm tempted to load up sub 50p!!
And Robbie Burns just bought in:
"Severfield showed up on most of the value screens. Not surprisingly. A very low PE of 6, a low peg and a dividend of 7% plus! Surprisingly, it's been going down but because of that there could be some value. It is in a low margin market, structural steel and various services around that like design. A tricky one as it could be a falling knife but it looks such a bargain I couldn't quite help buying it. So I did. However. I'm not going to argue with a market and I don't want to be in a falling knife for long if that is what it is. And, after all, maybe the market sees loads of bad stuff in it I don't and maybe it is right. On that basis, it's a get out quick scenario should there be much slippage. It's a get out I think if it falls below 50 ish."
MGNS you mean ?
But then big ol MGSN trades on 30% (but its UOP margins are wafer)
The one glaring oddity is the cheap acquisition of the dutch business last year
I get that contractor earnings are poor, but an acquisition at just 30% of revenues begs questions about SFR's valuation
A decent brokers report would show the last 3-7 benchmark M&A transactions in this sector...perhaps bthe dutch metrics are an outlier
@53.8x
I like the price action, and wonder about some of the large trades today (have we seen a clear out?)
May as well buy this for the income if nothing else. Div more than twice supported, and low net gearing. Currently yielding > 6%. Bought some yesterday, and will buy a lot more if they fall < 50p.
This is absurdly cheap on most metrics
but history suggests loading up sub 50p
target would be c100k shares
5 years and no value given to the shareholder.
Only thing I can think of is the US banking crisis affecting commercial real estate but SFR are well diversified?
It did start heading south after TATA announced the decommissioning of its blast furnace last month but surely it can be that.
Also, we’re in between dividends so perhaps that’s softened appetite.
I’m open to any other ideas!
Have I missed any negative news for SFR. I can’t find any news that could justify fall in SP price
Gr8 report on the local BBC NE news tonight re the supply of 30,000 tons of steel for wind turbine piles supplied locally and to be processed by Severfield. See the tweet on X by local mayor Ben Houchen for more detail. Surprised there is no rns yet.
The negative cash flow is expected in 2024 per progressive report not 2023. Few large jobs have been postponed and lost to others as well so hopefully we can get an updated order book to see if those massive revenue targets can be met.
The sp, has broken above major price resistance(peaks), recently, so price is probing, an area that was last reached in May 22. Daily Relative strength is over 50, confirming an uptrend. Bollinger bands are separating, indicating a fast volatile sp, movement. If future profit taking is contemplated, wait until the lower Bollinger band turns upward, then sell, because a retracement, will likely ensue. I must emphasise Severfield, is in an uptrend , so prepare to buy back into the equity, if temporarily sold out.