Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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So much for the long term support! Oh well.
I added STOB to my watchlist when, as I seem to recall, it was around 150 and set the 80p target price after casting an eye over a chart. Little did I know the dividend would be cut and it would eventually break below 80p. How times change. Still, I really do think this will come good in the long run - Southend airport should go from strength to strength - it's already in operation (unlike Heathrow Runway 3) and growing (notwithstanding short term flight cancellations from Corona!) So I'm now onboard for the ride.
Good luck to all of us.
LONDON MARKET OPEN: Stocks Plummet As Coronavirus Hits More Businesses
Fri, 28th Feb 2020 08:48Alliance News
(Alliance News) - Stock prices in London dropped at the open on Friday, over investor concerns that the coronavirus will prompt a global slowdown, as airlines warned of tumbling demand.
The FTSE 100 index was down 150.62 points, or 2.2%, at 6,645.78 on Friday. Since the week began, the blue-chip index is down 8.2%.
The mid-cap FTSE 250 index was down 566.16 points, or 2.9%, at 19,217.29, and the AIM All-Share index was down 2.9% at 860.86.
The Cboe UK 100 index was 2.5% lower at 11,228.20. The Cboe 250 was down 2.8% at 17,353.30, and the Cboe Small Companies down 0.5% at 11,756.88.
In mainland Europe, the CAC 40 in Paris was down 2.8%, while the DAX 30 in Frankfurt was off 3.5%.
"It seems a reasonable assumption that the coronavirus will not be contained so we are on course for a bear market," said London Capital Group Head of Research Jasper Lawler. "But its hard to see what could provide enough certainty to stop fear winning out before the weekend."
Or Girls....
Sorry - for booking Read booming - stubby fingers !
BBC report out that sales of dettol and other disinfectants together with hand washes are booking in China. I go from RB. I think. Am checking out PZC too !
Maybe suppliers of hand gels are the way to go lol.
G
Just back online this afternoon been chilling out on my last full day away.
Looks like the ftse took a further big dip I'm guessing on the US open, climbed back a little, but not much. Same pattern for the ftse 250.
Not pleasant casting an eye over long term holds atm. Could be some further retraction to come, yet. Some comfort though, back in 2016when the ftse fell to 5600 in the early spring it had bounced back to over 7000 by the end of the year if my memory serves me right.
Apart from that bvc trade today, cash has been my best performing asset today lol.
It's a case of bunkering down, and waiting for positive news on the virus. All those shares on my watch list that looked attractive yesterday look even more attractive today, and may we'll look that much better tomorrow and next week.
Some quality co's getting dragged down. Hold that cash ready to buy - but so many to choose from now.
Gla
G
Just got back from my airport run and i think it was good idea to close my deal in BATM.
FTSE 100 6,770.60 -271.87 -3.86%
3 97
UK 100 1,093.5 -40.7 -3.59%
2 97
Euro Stoxx 50 3,440.65 -137.03 -3.83%
1 49
DAX 12,328.98 -445.90 -3.49%
0 30
S&P 500 3,028.83 -87.59 -2.81%
18 481
Nikkei 225 21,948.23 -477.96 -2.13%
this doesn't look good but markets could do with a correction in my opinion , longest bull run ever. some FTSE 100 companies are up twenty times , this virus could be the start of correction.i got my cash ready,lol.
Tav - I had a feeling the 3rd runway would be a stretch. Still looking forward past the virus the capacity problems at airports in the south of England still remains. Feel the plays into Southend's hands.
When the Latest Flyb / Govt. Discussions took place I watched mental Micky's interview. Though he was flaming, ( isn't he always ). I'd doubt there would be any way he'd be offering up rya flights across the UK on those routes which are marginal. APD is a considerable challenge.
The BA proposal to offer was it 5 flights a week to Newquay, seemed to me just a bit of short term points scoring. Flights only during the summer period from early July to early Sept. Whereas FLYB presently runs I think 28 flights a week now being switched to Gatwick.
Reports are out that Flybe are talks with a number of regional airports, concerning unpaid landing fees. No doubt those airports possibly involved are raising concerns with the Govt. The cynical part of me feels this may be designed to put additional pressure on the Govt.
I don't know what the solution is but if Boris wants to live up to his election pledge for a connected UK, then regional flights will need some sort of subsidy or they may disappear.
Just another headache for the blond bombshell and his team to negotiate.
G
Supreme court will probably be dismantled/neutered soon enough, and even if it isn't, Boris will be able to push the runway through if he tries, question is just how much he'll see it as a priority. Feels like it's just not worth it at this point (also my opinion on HS2 tbh)
Gerry, i think the legal decision on heathrow will be welcomed by the gov't as it lets them off the hook. wrt Flybe, I am thinking they could use the virus as an excuse to change their minds. Ezj and Iag getting hammered so they will soon ask for similar help so it is all looking a bit trickey just now.
So Boris hacked off the judiciary last autumn. No support there for 3rd runway, unless he follows Paris Climate agreement etc.
He's not flavour of the day at the BBC so I doubt they'll report too kindly on the outcome of the court decision.
The Govt. report document for its negotiations with the EU demonstrates it's on a completely different hymn sheet to the EU. Should go down like a lead bullon over there.
Wonder whether the Heathrow decision will influence further Govt. Support for Flybe. No doubt someone from STOB will remind the Govt of the wonderful runway at Southend at the next meeting.
Meanwhile concern for the virus ramps up, got to fly home tomorrow the weather back in the UK looks unappealing.
We are in interesting times.
Gla
G
i don't know about STOB but my income portfolio is getting hammered and looks like more to come.
but there will be bargains out there soon.
The virus will be gone for sure by the summer, but climate concerns are unlikely to disappear (especially if we get another ridiculously warm summer!) - though I doubt a con govt will do anything more than a token non-effort to appease them.
With the drop to 80p STOB is now sitting on long term support. I've taken the opportunity to jump in with a cautious first tranche of 2,000 shares a few minutes ago.
Having given it the kiss of death I suggest anyone considering buying now waits until the SP halves ;-)
Unusual for me to buy something with no dividend but there's always room for a dabble with the odd growth story - Southend - which I think has great, great potential. ...In a few months the latest virus will be forgotten and Greta will have discovered boys :-)