Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@pinky how are you going to sell before the bell ?
I'm averaging 87 - As I've (for once) actually managed to buy some lows and take some profit here and there.
Medium to long term this has legs as Monty mentions below... But i'm still thinking of selling half before the bell as these markets are treacherous - Then stick it back in on any short term weakness.
40 mins to make a decision!
Well what do we know, I’m quite positive:
> Expanding in vaping, it’s all the rage now. New acquisitions revenue to be included.
> Lighting solid after a stock overhang that halted the share price (note trading updates).
> Nutrition should be good whey and protein prices lower and gathering traction.
> Batteries solid.
So why did we lose more than half our value, Carl Bly on lower than expected lighting. The Sirectors topped up a few respectable weeks before the closed period when of course they are not allowed to trade. I think we will be back on course big time (vaping growth) and back over 200p as soon as markets steady down and we will be re rated to 150p in these terrible unloved UK markets. The numbers will speak, Sandy and Team are honest & straight shooting. GLA I’m
Pl asked to be heavily invested at an average price of 100p & looking forward to see the progress tomorrow
This is a very interesting article that covers the legal status of vaping in European countries vs India.
Well worth a read:
https://blog.ipleaders.in/is-vape-legal-in-india/#:~:text=The%20objective%20of%20the%20Act,and%20advertisement%20of%20electronic%20cigarettes.
There's also the small detail that vaping is actually illegal in India, which probably explains the tiny market over there.
With the lighting division slowing to a near stop due to longevity of LED’s and over stocking now largely behind SUP per last trading update plus vaping growing at over 30% & with the vaping acquisitions revenue now in the mix as well, I think we will see some better numbers than many including the city are expecting - This is a well run very cash generating business, should be back to 240p within 12 months barring any weird Black Swan events. Looking forward to our interims on the 29th Nov. GLA
Very well run company indeed
With the lighting division slowing to a near stop due to longevity of LED’s and over stocking now behind SUP per trading update and the vaping growing at over 30% plus the acquisitions revenue contributions. I think we will see some better numbers that the city expects. This is well run very cash generating business, should be back to 240p within 12 months barring and Black Swan events. Looking forward to our interims on the 29th Nov. GLA
Much as I love SUP and see its potential as it expands into continental Europe over the coming years, I think some sort of expansion to India is a fool's errand where the big boys (IMB etc) are already there. The market size is 0.3m people which isn't that big either:
Source: https://www.psmarketresearch.com/market-analysis/india-e-cigarette-market#:~:text=Presently%2C%20India%20has%20over%200.3,%2Dcigarette%20accessories%2C%20mainly%20refills.
.... if you want a good share for opportunity in India then look at either SED or GEEC (or both :) ).
eTukTuks or Indian Shale (without the protests) plus Gas/Shale - many TCF of reserves . Both serious multi bag potential.
GLA
Days are shorter, lights are on for more hours.
Torches are prepared for possible winter blackouts.
The bad news everywhere is stressing people out, they puff on a vape to relieve the stress.
They go out and buy some household goods to fill some stockings.
They buy some vitamins because of winter weather chills.
Have a supreme Xmas!
is coming, toys need batteries - just a thought !
Regards
Link to register is here: https://www.equitydevelopment.co.uk/news-and-events/supreme-investor-presentation-29nov2022
Supreme (AIM:SUP), a leading manufacturer, supplier and brand owner of fast-moving consumer products, will be conducting an Investor Presentation covering its interim results (for the period to 30th September) at 3.00pm on Tuesday 29th November.
The online presentation will be hosted by Sandy Chadha (CEO) and Suzanne Smith (CFO), and the event is open to all existing and potential shareholders.
Questions can be submitted during the presentation and will be addressed at the end.
ken4 for Foreign Secretary!
SUP not SUM
Thinking outside the box - Rishi Sunak - Hindu - Indian ancestors - enhanced trade relations with India.
CEO of Supreme - Mr. Sandeep Singh Chadha - British - not sure whether his ancestors are Indian though - sounds Indian !
Regards
Well the data will likely show this year to be similar to previous updates but now a bigger company able to smartly absorb its fixed costs. Point being it’s probably reasonably worth 220 to 240p based up the previous principals/ ratios when the market was normal. It’s certainly worth we’ll north of 150p in todays markets and I’m sure we will see continued growth and later rising markets that make this an absolutely superb investment. The team are well lead by Sandy and are straight shooting nice team as well. I’m very pleased to be a holder and very happy with todays updates.
Well the data will likely show this year to be similar to previous updates but now a bigger company able to smartly absorb its fixed costs. Point being it’s probably reasonably worth 220 to 240p based up the previous principals/ ratios when the market was normal. It’s certainly worth we’ll north of 150p in todays markets and I’m sure we will see continued growth and later rising markets that make this an absolutely superb investment. The team are well lead by Sandy and are straight shooting nice team as well. I’m very pleased to be a holder and very happy with todays updates.
Initial thoughts:
ED have today finally brought out revised estimates where they see FY2023 EBITDA of £17.5m vs my £23m and EPS of 9.3p vs 13.3p. Their FY2024 numbers are very close to my own estimates.
I think I stand by my own numbers for FY23. The fact that SUP report recovering lighting for September (remember we still have 6 months to run for FY23) and that growth for Vaping is on track in fact is on a "strong growth trajectory", suggests that ED are being too pessimistic.
Remember that there are a number of synergies which SUP can unlock, including cross sell opportunities and some cost efficiencies which will feed through too. These don't get a mention in today's update but will reflect in the full year numbers. I'm glad I added here last week expecting an update by the end of October.
I also noted last week that IMB was at a 52 week high (almost the only share at a high). Since this is almost 3/4 Vaping, the peer analysis to Tobacco is the most relevant. However it potentially ticks the box around ESG (reduced harm), around cross sell opps (Tobacco don't have those same opps!), and for the fact that the debt levels here are lower than most tobacco firms. The PE ratio, if anything, should be higher not lower than say IMB's in my opinion!
Next month's update will be very interesting!
Link to note: https://www.equitydevelopment.co.uk/research/resilient-and-generating-cash
In a Trading Update for the six months to 30 September, Supreme reports that Group performance remains in line with market expectations for the full year, reiterating the positive message of the 15th September AGM.
In particular, the Vaping division, which we estimate to comprise 46% of FY23 revenue and 71% of FY23 gross profit, is reported to have continued on a strong growth trajectory, with organic growth boosted by the acquisition of Liberty Flights, and latterly, Cuts Ice Ltd., and Flavour Core Ltd.
Notwithstanding the headwinds buffeting the UK political and economic outlook, this is a positive Trading Update. Supreme occupies a market niche which emphasises value for money in its product lines whilst representing a positive alternative to the threats to health represented by cigarette smoking - as backed by the government’s Smokefree 2030 initiative.
Based on our outlook, Supreme currently trades on a FY23E EV/EBITDA of 4.6x and offers a yield of 6.4%. We include a valuation update based on sector-specific peers in the Distribution, Consumer Staples and Tobacco markets cross-referenced against the relevant divisional contributions to Supreme’s gross profits. Our Fair Value remains 190p/share.
Mine finally arrived with Barclays today. Just the 18 days late... lol
Do yo mind me asking, have Barclays credited yet?
Interactive investor paid in on 30 Sep.
No dividend credited via Barclays SB. Sandy Chanda confirmed he received his. Seen others received. Is this just Barclays customers? Have rung x3 times, no one seems to be able to trace.
Mine finally appeared this afternoon through Iweb
Yes in both my HL accounts.