Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Bongo - thanks for a very clear and helpful explanation to my question - much appreciated ??
Abba, there is also the difference in structure between funds like Woodfords and investment trusts like SMT.
SMT is closed ended, so big holders can't "pull money out", all they can do is sell their shares to someone else. SMT would not have to sell any underlying investments if this happened. The share price would fall, but it wouldn't be a run on the exit and big liquidity problems like in Woodfords case.
In open ended funds, like woodfords income fund, he had to sell underlying holdings to give people their money back. When these companies are unlisted or small cap, it can be hard to find a buyer, so he had to sell at a big loss.
Woodford also had an Investment trust that went belly up, but i think this was mainly due to association, rather than him having to sell investments held in that trust.
I guess I am getting overly concerned - thanks
rising yields means lower values attached to future cashflows. that is all that is taking place. nobody is saying this or that company which was good yeasterday is now bad. but if something is at a pe of 100 and falls to 50, its still quite a high multiple. so its not just a question of how far something has fallen. when yields find a resistance level, shares in techs will make a base too. so i would watch us bond yields.
SMT sectors - not a lot of tech. But a lot of "perception of tech"
Internet Retail 53.2%
Auto Manufacturers 31.8%
Internet Content & Information 18.8%
Diagnostics & Research 8.2%
Semiconductor Equipment & Materials 7.5%
Software - Application 5.8%
Biotechnology 5.3%
Footwear & Accessories 5.0%
Entertainment 4.4%
Semiconductors 4.3%
Abba. Jesus wept - you shouldn't be investing if you don't understand the difference between Woodford buying piddly little companies after he met some bloke down the pub in Oxford and Anderson/Slater buying some of the biggest growth companies in the world.
Abba,
Woodford effect? Are you serious ?
Per latest factsheet (jan)
Top Ten Holdings
Holdings
1 Tencent
2 Illumina
3 Amazon.com
4 Tesla Inc
5 NIO
6 Alibaba
7 Meituan Dianping
8 ASML
9 Moderna
10 Delivery Hero
About 50% of total fund
I’m more concerned about a Woodford repeat if any of major holders decide they have had enough and pull out - are there now rules in place to protect against that ??
I'm finger poised for opening of US markets - under GBP 10 is a buy. If you're here for mid to long-term gains this is a sweet few days. Will continue to buy with any discount over 7-8%. Discounts are how to make money (with a growth fund)
I just did a re-calc based on 17% drop as soon as the 20 day EMA crossed the 50 day EMA and came up with a revised buy in level at 9.91 - Interested to see your view
according to the blurb but thats not quite true. many of those names are valued like tech and on very lofty ratings. just look at the names
Tesla Inc 10.75%
Amazon.com Inc 7.34%
Alibaba Group Holding Ltd ADR 6.27%
Tencent Holdings Ltd 6.24%
Meituan 4.26%
Illumina Inc 4.12%
ASML Holding NV 3.77%
NIO Inc ADR 3.40%
Delivery Hero SE 2.65%
Kering SA 2.52%
SMT have approx 46% in consumer cyclicals, and 9% in tech, so the rebound could be exciting.
tech shares are falling because yields are rising. at some point this calms down and a bottom can be made. but the days of these shares going up hundreds of percent are over unless yields were to fall to lows again. if you expect economies to begin recovering, this is not going to happen. so future gains will be lower than past given similar timeframes as the valuations afforded the techs will be lower than before.1028 is the 200dma which may offer some support. in march last year the shares were about 17% below that at their worst fwiw.
Given the magnitude of drop in last 2 weeks can we expect a special statement from company explaining strategy for recovery or do we just get 6 month and 12 month financials - it’s getting very concerning now and can see sub coming £10 later today
The analysts are expecting consumer cyclicals to kick in soon, with some lag on tech, so with SMT having a fair chunk invested in the consumer cyclical sector, this should rebound quite well.
Maybe the large drops are not due to inexperienced investors but actually experienced ones that also think like you that it will drop a lot more, because then they can then buy back in at a much lower price.
Sorry what's scary? You think Amazon is going bust? Alibaba and Tencent are going to be taken over by the Chinese government? That Illumina are shutting up shop? SMT and others had a stellar 2020 - a correction was obvious and buying with a 9% discount is amazing. They've traded at a premium for most of the last 2 years so fill yer boots. I think it's likely that this will go down much more( maybe GBP 8??) but this is due to inexperienced investors obsessing over Tesla and "tech" and panic selling. It's obvious from the premium/discount figures that EWI and USA were too expensive and have corrected. SMT has been caught up with this and is now a bargain. Unless you need the money this year, don't worry.
I am heavily invested here and no bottom in sight..... Look at the nasdaq... Scary times...
Showing as 8.48% on SharePad - buying many more tomorrow.