Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Yes I agree A sale of Aberteifi will certainly plug the gap on Nine Elms. Shame SMP didnt manage to hook Greystar as they are an end investor SMP could have done a deal where they retain half the apartments in the block
Nine elms represents around 10% of assets but get most media attention. Decision to cash in on Swansea campus probably smart given ceo's background in student accommodation. Good mix of assets elsewhere managed by a proven team being driven by new leader.
The announcement that Greystar / TEF have just bought the Royal Mail site close by for a relatively knockdown price of £101m. 894 homes on 14 acres . I wonder if that impacts on SMP's book value here
The Nine Elms £600m deal fell through. You have to wonder if those inscrutable Chinese noticed that they could buy the whole company for £706m, its current market Cap at 317p, according to HL. Interesting times.
Nine elms is around 10% of assets-yet the market by its action assumes the total is suddenly worth 4% less i.e. Nine elms is worth 40% less than yesterday- just because one suitor , of many, lost interest. If a child drew such a conclusion he or she would be ridiculed- but this is the market !!
Anyone know why this took a hit today? Was it profit taking after recent rises or, as I fear, had word leaked out that the exclusive negotiations about SMP part selling their Nine Elms investment have broken down? It was odd today because the SP leapt 7.80p in very, very early trading. Figures from that early in the day can be unreliable but the reversal that came pretty soon afterwards has made me think that news has leaked but wasn't fully grasped early on. I hope I'm wrong because this share is very under valued and with a reduction in Nine Elms liabilities it should leap forward. We shall see.
Market waking up to great potential at last😤😔
Angry what's your view on the company's cash and details position pls
SP now at 309. Does this mean that the London centric investors have finally realised that this company is more than just 9 Elms ? And that there is life outside the M25. Maybe we will now start to see the company given its true value and get back to some form of sanity. Despite catastrophic fall after referendum glad I have stuck with it. In for the long run.
Having held and followed this stock closely for over 15 years the market rating has behaved bizarrely. In the early days under Stan Clark the asset value was way below the share price,presumably based largely on market confidence in the management.Bill Oliver has proved a worthy successor and asset value has powered ahead ,but the share price is now miles below. A great opportunity awaits the new incumbant to build on and laud the merits of his inheritance. Interesting times indeed!
As mentioned, St Modwen’s, issued a trading update today (5th Dec). Understandably, a cautious, guarded and well composed update by the new man at the helm. But no figures to chew over. So far the SP has only increased a couple of pence. I wonder if anyone will realise it might be cheaper to buy the company than Nine Elms! (Company Market worth £627m with 222m shares, last NAV I could find was £4.81, so company actual worth £1067m). A simplistic calculation, but interesting.
Latest update confirms belief that recent negative comments are unfounded and things look positive going into 2017.
file:///C:/Users/aouthwaite/Downloads/nine-elms-understanding-the-vision-october-2016.pdf Bit of bed time reading
Another positive article about Apple and Nine Elms on CNBC web-site this morning.
Yes massive boost for the area West end office agents have had a bit of a downer on this locality.All change now
Story on Bloomberg now that Apple will lease office space in Battersea Power Station. Must be better news for Nine Elms prospects.
Come on over £3.00 .....this week
Added few more..expecting to break £3 soon
Sentiment is changing to the sector and St Modwen have been grossly oversold so the market is picking up on this. Over the years they have normally been at a premium to asset value in view of sound management in a niche area which they know well..Sell off has created a huge discount, to advancing sound assets and prospects appear as good ,if not better, than ever. My boots are full and I don't expect to be disappointed!
Nice breakout of the previous static trend today. I wondered if it has anything to do with the Apple and Ireland tax issue as I noticed Awhawh's comments on 1st May about Apple fancying a bit of Nine Elms for a U.K base. This may make sense with Brexit. However I also note it's a better day for Real Estate generally today.
Not only was the La Salle valuation for NCGM valuation pre Brexit it also factored out any impairment for the run up to Brexit by slowing down of sales . The next valuation is due in November which will no doubt see a substantial adjustment to the overall valuation .not only NCGM but across all sectors The market has clearly undertaken its own valuation Vacant possession of NCGM is in 2017 Lets look on it on the brightside glad it hadnt been any sooner and speculative development already commenced . I took a small plunge yesterday at 222p
They mentioned a £21m writedown but clearly more to come there Looks like the NCGM elephant has got its foot firmly caught in the fruit box Sterling work still being done in the regions their usual stomping ground being undermined by their venture into the bright lights .Its been over 20 years since Stan the Man addressed the local tech in Stoke at the unveiling of Festival Park producing his plumbers certificate They have progressed since then by doing more of the same green and brown field specialists outsideteh Home Counties Shame they hadnt stuck to it The only saving grace with NCGM is that it has thrown up a selection of individual sites which are capable of being handled piecemeal Many of the West End office agents arent over enamoured with the location for major occupiers to locate in We shall see
Positive trading statement but no mention of the 9 Elms write down covered in the news, hence sp takes another dip. Looks like this one is going to be a very long term hold if I'm to see a positive return. Ridiculously low p/e ratio now
...Apple close to picking Battersea power station as the location for its British headquarters. The article also mentions that this would also boost the surrounding area, including the Nine Elms area. So hopefully this will reassure investors that St Modwen's Nine Elms site deserves its high valuation. St Modwen is clearly undervalued; however, I don't see the sp going up until after the Brexit vote (and that assumes the British will vote to stay in the EU)