Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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We could debate the value in 5 years for the next 5 years, but the over all time frame I think is correct.
As I said this morning, back in the bottom draw for another year.
18.5p by 30.9.27- A shot from quite a distance. Maybe… A lot can happen good and bad by then. I’ll want to see the next full results…
As the trading update only included two figures - approximately £12m revenue for y/e 31.3.22 during which the loan was increased by £1.3m - and Guernsey and New York are still on the table without any indication of the possible costs and losses of the final outcomes, I do not expect buyers to rush in. But when the company moves forward without those two historical problems hanging over it, I feel confident of a market valuation of £80m by 30.9.27 valuing the shares at 18.5p as long as there is not a rights issue in the meantime.
I keep saying 1-8-2.2p, but does anyone ever listen LOL
It looks to be wanting to test that 2p, so maybe 1.8p is on the books, if it goes below that, my model has it next down at 0.5p.
By the way just noticed some sells? No bother if you ask me…
" I would very much think that now is clearly the time to load up with these shares"
The market clearly isn't loading up, sp has gone down.
It's a clearly good update. If someone's disappointed I think that they should be a little more realistic because the last few years have been terrible for the company in every respect. This report is another one that shows that things are going well!
"Devon, I'd happily go ahead and buy if this stock was a bit more liquid. "
....just 5 days ago LOL
One thing is clear, they've fallen short of your prediction of £20m t/o & £1m profit by the end of last year.
LOL. Sounds as if the Easter Bunny not only delivered eggs, but also SGI liquidity over the weekend hahaha
Devon, looking at this update, I would very much think that now is clearly the time to load up with these shares. A recovery is happening here, it looks like it will be accelerating......
Very disappointing results. They've fallen very short of the £20m t/o and £1m profit Pearls was predicting.
They have managed to increase the debt more quickly than the sales, so I guess that's good???
Overall, it was a bit boring at best. Back in the bottom draw for another year.
You wonder how much working capital an century old business needs, more than the turnover by the looks of it....
Carp, it’s basically extra working capital allowing them to grow the business more aggressively.
Oh dear...more debt...
All positive comments in the update which should bode well for the shares today. It looks like SG’s recovery is becoming much more pronounced.
Yes Devon, the ridiculousness of NFTs laid bare.
In his defense though, the millions paid for the nft in the first place was at a charity auction, so some good actually came of it.
Man who paid $2.9m for NFT of Jack Dorsey’s first tweet set to lose almost $2.9m....
Crypto entrepreneur Sina Estavi made headlines in March 2021 when he paid $2.9m for an NFT of Twitter boss Jack Dorsey’s first tweet. But his efforts to resell it have run aground, with a top bid of just $6,800 as of Thursday.
The initial purchase was at the time among the most expensive sales of a non-fungible token, or NFT, and came amid a flurry of interest in the niche crypto assets.
Estavi put the tweet up for resale on the popular NFT marketplace OpenSea last week, initially asking for $48m.
That price tag was removed after offers in the first week were in the low hundreds of dollars. As of Thursday, the highest bid was 2.2 of the cryptocurrency ether – equivalent to about $6,800.
“My offer to sell was high and not everyone could afford it,” Estavi told Reuters via Twitter direct message, adding that he was no longer sure if he would sell the NFT.
“It’s important to me who wants to buy it, I will not sell this NFT to anyone because I do not think everyone deserves this NFT,” Estavi said.
But Estavi was confident in the value of his purchase.
“This NFT is not just a tweet, this is the Mona Lisa of the digital world,” he said.
https://www.theguardian.com/technology/2022/apr/14/twitter-nft-jack-dorsey-sina-estavi
$2.9m >$6,800
......when that secondary market gets going,
14-Apr-22 09:38:35 2.20 25,000 Buy* 2.10 2.20 550.00 O
14-Apr-22 09:38:21 2.20 25,000 Sell* 2.20 2.30 550.00 O
14-Apr-22 09:11:17 2.225 10,000 Sell* 2.20 2.30 222.50 O
14-Apr-22 08:25:58 2.225 914 Sell* 2.20 2.30 20.34 O
.......sellers in control?
" if this stock was a bit more liquid." Hang on, when I've said this stock has poor liquidity in the past you've disagreed and said there's plenty of liquidity. LOL
"once the shares rise as I'm expecting......" well you've been saying it for 3 years, so...maybe it's 3rd time lucky. haha
"Four buys, yet the price has dropped. Why?"......because for every buyer there has to be a seller and it looks like they are keener to sell more. I'd hold out, if the weakness carries on, you'll get a better price and then maybe your 1,495,000 will be at 1.5p
Devon, I'd happily go ahead and buy if this stock was a bit more liquid. Problem currently is that I will probably only be offered under 2p if I wanted to sell such a large line of shares. I'll probably kick myself for not doing it on the other hand once the shares rise as I'm expecting.......
On the other hand, take today - another example of things not making sense. Four buys, yet the price has dropped. Why?
The Company normally issue an end of year update at this time of year, is one being issued?
"1,495,000 at 2.2p "
Haven't seen your order go through for this volume yet. Why not stop mucking around with "dummy" buys and push the button....
It does not make sense.
But then again, nor does today's trading. All three trades were in fact purchases. I tried a dummy buy and was being quoted a line of up to 1,495,000 at 2.2p so why did the price fall? No-one sold today so why did the marketmakers mark it down at all? Two of the purchases were big enough on an ordinary day to raise the price, yet they had no effect. Again, it makes no sense.
Old news, it's been posted today!
*shakes head in disbelief*
- I treat the whole valuation thing with a pinch of salt, I've even thought they've bought those Treasury Bills to stop total NAV destruction.
Devon, the Castelnau link you refer to is old news, there's no sign recently of them buying more.
I am perplexed at the valuation given to their holding in Phoenix SG. When Phoenix bought 58% of SG back in 2017 that cost them £19.45m so how is the current Phoenix holding worth almost the same amount when it is for a much smaller share?
Maybe that's a hedge against inflation? But does it also suggest they aren't in any rush to invest more cash in the portfolio? Maybe hedging means they aren't expecting to need it for some time, time enough for inflation to take effect, so the recovery is pushed out a few more years.....
Here's a fascinating note from that Report "CGL purchased £40 million in UK Treasury Bills. "
They must think there's more value in UK Treasury Bills than the under performing equity of their portfolio companies. Odd thing for a tech company to want to buy....the whole thing leaves me a bit queasy.
As I know you are a doubting thomas:
https://www.londonstockexchange.com/stock/SGI/stanley-gibbons-group-plc/company-page
1 year return -26.00%
52 week range
2.05/ 3.50
Market cap is now under £10million (9.82) and given the YTD return has been --5.77% when you take inflation into consideration it's more like -13% in real terms. Chuck in the double digit spread you'd be looking at over 20% loss YTD.