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.
I cannot understand why price is so low . I am in at £3.99p .The development at Liverpool Great Homer Street is now progressing well . A huge site just north of city centre . Main route into Liverpool and the Mersey tunnel to M53 . Other projects look well thought out , so why the dramatic drop over the past year or so . Student accomodation is also a good project for the future . Now looking at Great Crosby regeneration . Got to be a good long term investment , so why so low ?
Its on my watch list though I am out of date with information regarding SMP have done well out of it in the past ...
Shorters in town .Still playing on the Nine Elm disease which is overshadowing the sterling work of the company elsewhere The mile long Singapore on Thames with 18k new f lats is awash with resales and collapsing prices.With this background and the fact that the valuation of their landholdings have only just been significnatly increased underpinnnig a large proportion of the company,s market value its not surpsing that this is a share in play .Whether or not its just a coincidence but the new CEO coming from the student accomodation sector but some of the individual sites SMP and theirr partner hold here could be suitable for this arena .Bearing in mind that Watkin Jones have only recently listed successfully on the strength of this sector any news that SMP would announce of one of thse Nine Elms sites heading that way should give us a boost Nno doubt the SMP team are working ahrd to reduce exposure here Until that happens plenty more price action ahead Every confidence that SMP can produce the goods
It beats me what is going on with this share the past few days. Up and down by similar amounts with no news that I am aware of emerging. After nearly 30 years of playing the stock market I sadly am beginning to conclude that manipulation is rife among the MM's and that this share is possibly falling victim to exactly that.
Known for the 3.3% fall today ?
With the new CEO perhaps this will put an end to all the uncertainty and we can all get back to some sanity. Hopefully, 400 is a conservative estimate. Time to buy
Yes interesting appointment SMP already had success with student accomodation at Swansea Watkin Jones sare leading the way in this sector with devloping dor the institutional market .Maybe some of Nine Elms going down this direction
With new reliable qualified CEO back up we go to near asset value.
Great start. The appointment looks well received.
SMP have built there reputation by farming the provinces mainly the Midlands optioning up large areas of land land from major companies and local authorities for commercial development .Asset management and more recently direct residential having for many years preferred to dispatch these sites off to the major residential deveopers.So its ironic that the engine has gone into reverse because of a Central london site mainly dominated by residential where Nine Elms has been perceived to be in oversupply .Until they reduce their exposure to this which is no doubt what they are working on its difficut to see any movement back up in the SP
My apologies; re my post of Friday 11:40. There is 'bad' language in the video so don't view if you are sensitive on such issues. I don't use such language myself but each to his own. I already have SMP and have held for a long time with my average at a much lower price so no ramping. Just Buy The Dip. DYOR OLEUM
I have tried to follow this advice; the only difficulty is to know when the DIP is the DIP. Stop guessing it is here now withSMP. https://www.youtube.com/watch?v=0akBdQa55b4 OLEUM
Yes, have to agree. At present this seems a share which will have many tearing their hair out in a year or so that they didn't buy into at £3. I bought in at £3.80 and will be gong in again very early next week and thus averaging down. However, they still looked cheap at £3.50 and now look at them so there is no guarantee that the market's illogical view here will end soon. I can only imagine that fear of the UK leaving the EU is contributing to negative sentiment here. Although SMP's portfolio is quite wide, the UK seems to think that London and the South East are the only areas that matter in the whole country. Hence, a bit of negativity about 9 Elms combined with the fear of how much London might suffer with a 'Brexit' may well have driven the SP down to this level. Of course, the UK leaving the EU will not do London any good and I firmly believe will be one of the stupidest decisions we will ever make if we do go. I would like to think that, in the end, we will not be so stupid, the same way that I would like to think that fear etc. is now more than factored into this share price. But, I'm old enough to know that I could be wrong on both counts!!
For those with access- basically Jonas Crossland reiterates the point below about the "enormous" 30% discount to NAV and says even if the entire 9 Elms development was written off (which it would never be!) the shares would still be "absurdly" cheap at a 20% discount to NAV. Goes on to talk about the stength in the 6000 acre land bank covering areas such as Longbridge in Birmingham, in addition the strong rental incomes, and how it is difficult to see any other reasons for concern in the porftolio. Finishes by touching on the comment from the AGM I quoted somewhere below, where SMP state current negative sentiment around the 9 Elms development isn't anywhere near as bad as the share price reflects. Clearly the relentless buying by directors at £3 and below confirms they too fully agree with the above too.. suggesting significant value for anyone buying in at these levels. http://www.investorschronicle.co.uk/2016/03/24/shares/tip-show-st-modwen-s-too-low-wDptAlAEECyeA8FTrUELoL/article.html
This is an absolute gift at these levels. It is hard to see a better value buy anywere in the FTSE 350 on a risk reward basis. The sell off here is way overdone; 9 Elms is not worthless and represents just 10% of NAV- even if the entire development was written off, which would never happen as it could just be sold, these would still be trading on a 20% discount to NAV, which is crazily cheap. I see big rewards over the coming year for those buying in at £3.
Property developer St Modwen (SMP) delivered an upbeat outlook in a statement accompanying the annual meeting. The group continues to recycle capital by selling assets and using the proceeds for fresh acquisitions. And in the period from 1 December last year to 22 March, it raised £39m by selling mature assets at or above book value. Demand for residential land from third-party housebuilders remains brisk, and sales during the period raised £41m, all at or above book value. St Modwen has also developed its income-producing portfolio, and since November 2014 the annualised gross rent roll has risen from £45m to £60m. Further sites within the portfolio have been targeted for private rented sector development. Construction work is expected to start shortly on 201 apartments at the 110-acre site at St Andrew's Park in Uxbridge. Worries about the company's exposure to inner London residential appear to have been overdone. Its joint venture at New Covent Garden Market is expected to achieve vacant possession by spring next year, and St Modwen intends to sell, or develop it itself or through a joint venture. IC VIEW: The Nine Elms site accounts for just 11 per cent of net asset value (NAV), yet the shares are trading at a 30 per cent discount to NAV. This means that even writing off the site entirely would still leave the shares at around a 20 per discount to NAV. That's hard to justify. Trading at 308p, the shares are down from our buy tip (394p, 8 Jan 2015), most of the fall coming in the last two months, and with such a lowly valuation, we remain buyers.
Strong update, looks far too discounted at current levels: "We are aware of the negative sentiment expressed towards Central London, Zone 1 residential prices and Nine Elms in particular. Our share of NCGM, held in a 50% joint venture with VINCI Investments Ltd, accounts for 13% of our UK-wide portfolio. Having reviewed sales activity in the area it is clear that current market evidence does not support this level of negativity."
Business as usual at St Mod
Regret not being able to attend AGM tomorrow which could provide a welcome stimulus. If anyone on this site is able to attend some feedback would be appreciated.
The share trades info shows a buy of over 4 million shares. If this is not a major misprint then its again time to ask just what is going on.
There is now a high probability that wave 4 of higher degree bottomed around 286 on the 11 March. The sharp rally that followed to 324 overlapped the previous wave 4 of lower degree at around 313 meaning that this initial rally off these important lows cannot be corrective to the main trend over the past few months which has been down. So this rally could be a the start of wave 5 of higher degree from the 2009, on the short term time frame a small five wave advance can be counted, supporting this view, minor wave1. The decline over the past two days can be counted as a minor wave 2, ( it cannot break the lows of wave 1 at 286), with a sharp move up in a wave 3 about to start. If this wave count is correct, then a target can be put forward for wave 5 of higher degree. The most common relationship is that wave 5 has equality to wave 1 of the same degree. So wave 1 of higher degree, from the March 2009 lows at around 55p, had a high at around 270 in August 2009, a gain of some 215. If wave 5 of higher degree has begun at the bottom of wave 4 at 286 then the price target for this wave 5 of higher degree, is at least 5.00.
'Its about time real people with real motives for investment stood up.' Totally right. After almost 40 years playing the market, the last few months have really irritated me. Fundamentals have been ignored just a bit too much and too many 'investors' (I use the term loosely) have been panicking at the tiniest issue. Even that or we have seen market manipulation. How on earth this share could see such a large fall in recent weeks has baffled me. Even if their London interests were revalued downwards, we would still be too far beneath NAV to make sense. OK, it was a strong case for topping up but such has been the stupidity of recent months, I have simply sat on what I already have and kept faith that I got in when they were too cheap even four months or so ago.
Technically the February downtrend has broken. today's price (if it holds) puts us in the 316-330 trading range. After that 350 looks possible as another leg up without breaking another trend-line. Backed up by good fundamentals and Director Buys. What's not to like?
20p in 3 days ! may be people are coming to their senses. to wipe off 40|% of the capitalisation is nonsensical in such a well run company. with such a depth of assets. Massively undervalued is an understatement in these circumstances. Could it be, or maybe I am paranoid that the London-centric idiots who can see no further than the M25 or may be Battersea Bridge. Is there a case here for 'manipulation of the market? Needless to say some 'computer says No!' algorithm has just cashed in. Its about time real people with real motives for investment stood up. St M Must now be one of the strongest buys on the market.
Looks like your prediction of a bottom around 290 was pretty much on the button. I added to my holding at 294 on Friday morning and today is the second strong day in a row.