Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Any one out there know what's happening to the SP - almost down 10% on Google Finance ? I've held this share for years, and its always just plods along on long slow rise TIA for any inputs
Preliminary results for year to 30 June show increased sales and profits. Chairman's report is a long and interesting read. He highlights successes and identifies the challenges - all suggesting that management are on top of things and capable. The share price rise has been impressive and has been steeply upwards until a couple of months ago. Perhaps the increased dividend will arrest the current decline. I am holding for now as a longer term income share. DYOR
Crackerrrrr! GLA .. (Shan, what happened at Soton?!?!)
but overvalued imv ...all out now (no free carry...unusual for me)
mentioned again by Richard Beddard as "stable, profitable business"
ought to help sales coverage in EU, good use of some of that very large cash pile, shows TFW's leadership far from asleep on the job. (hi, shan, I'm feeling a bit nervous about Saturday with so many missing players, we will see!)
another in RBs top 7 companies!
But precarious rating?
@11-13* EBIT ...but great company (management, alignment etc)
on free carry
Another company that has also delivered its preliminary results and which I rather like, is THORPE FW, a business very much concentrated on lighting products. I covered this one in the weekly column back in July, which followed an initial look around this time last year. Although the spread is a bit off putting to say the least, the company enjoys a balance sheet stuffed with cash and is a reliable performer. Announcing numbers for the twelve months to the end of June, Thorpe delivered a pre-tax profit of £12.4m on improved revenue of £62.9m against the previous £55.3m. LED lighting within both Industrial and Commercial markets showed continued progress and which accounts for more than 50% of the company’s revenue. Although the Thorpe board is not exactly renowned for beating the drum, things appear to be continuing to move in the right direction, in what is a well run operation consisting of a number of different divisions. The company also announced an increase in the full year dividend to 3.25p, along with the proposal of a one off additional dividend of 1.5p, which looks pretty handy. While the shares, at the current £1.35p mid price trade on a PER of 15, The decent yield, solid balance sheet and ongoing prospects for further delivery continue to appeal to me. http://www.privatepunter.co.uk/News/looking-back-21-september-2014
today, TFW is managing the industry-wide/customer-wide transition to LED lighting systems rather well, it seems ... good regular divvy increase plus a special div on top ... this co has a really nice ROE especially if you exclude the huge cash pile which is earning next to nothing ... so there is plenty of money to invest in the biz while continuing the excellent dividend growth record............ the MM's spread is rather large, so this is strictly for serious long term investors...
May be of interest to others taking a look. http://www.privatepunter.co.uk/Companies/14-july-2014
As interest rates are tiny, interest earned barely changes when cash balance drops ... so mathematically a 1% drop in issued shares pushes EPS up by 1% .......... please say hello if you are there someone as this bb is so inactive!
See RNS today, co bought 0.6% of stock into treasury at £1.25 ... there are buckets of cash on the balance sheet and more cash generated day by day... a lot of potential therefore to do more.
lovely jubbly
Good afternoon Jolly, 'just reviewing my portfolio and I see that I bought into this lovely company on the date you originally posted this...coincidence?... or was I unconsciously stalking you way back then? :-P Best regards as ever, Blue Ps: I took a lot of my TSTL "cards" off the table today at 42.6p...'now trading on "Free" shares ;-)
but wot the heck... ...love management, family tradition/name, steady performance, position in markets... ...but have to pay decent whack lol aaoo/dyor
management & markets seem good/fine imv.... ....multiples a little stretched but relative to some of the dross out there lol... ...aaoo/dyor
lol, so what happened?
I see....
is going on here? SP falls 90% and no comment?! shurely shome mishtake?
CHAIRMAN'S INTERIM STATEMENT Revenues for the half year to 31st December 2012 decreased by 9% with a corresponding decrease in operating profit of 13% and profit before tax expense of 11%. Basic earnings per share from continuing operations were down 10%. I stated in the last annual report that, for reasons not readily apparent to us, there was a lull in order intake towards the end of 2011/12 financial year. These final months' orders usually create a substantial backlog giving the following year an initial kick-start. Unfortunately, this was not the case this time around. Our order intake during the first six months of this financial year has not been rising in a continual upward trajectory but I can report that the orders for the last three months prior to writing have resumed the upward trend at our largest company Thorlux Lighting with other subsidiaries above, equivalent to, or below last year's performance. The move to LED light sources continues with some 25% of group products now being LED compared to only 3% this time last year. Our product development of LED products and systems continues apace. Investment in the group continues with the largest project being the moving to completion of a new 2,400 square metre high roof finished goods warehouse for Thorlux sanctioned due to the serious capacity problems during 2011. This new facility will allow more finished goods stock as well as freeing up a deal of existing floor space for increased manufacturing facilities. The company has further, during this period, been absorbing the cost of bolstering sales capabilities in a number of areas and not least, absorbing the costs of our start-up TRT Lighting, as mentioned in my last report, to design, manufacture and supply LED roadway, road tunnel and area lighting for the future. First production at TRT is planned for summer 2013. Your company will pay an increased dividend of 10.0p per share (2011: 4.8p) for the half year to 31st December 2012, an increase of 108%, recognising that the dividend yield has been reducing in recent years. Finally, and being a little on the defensive, may I confirm that although the company has taken a step back, it is the first for some years and our figures still represent an 18% return on sales at operating profit level. Andrew Thorpe Chairman 20 March 2013 F W Thorpe Plc
Key points: Half Year 2012 Half Year 2011 Revenue £27.1m £29.9m 9% decrease Operating profit £4.7m £5.4m 13% decrease Profit before tax expense £5.1m £5.7m 11% decrease Basic earnings per share - continuing operations 33.1p 36.6p 10% decrease Operating profit margins maintained despite reduced revenues Growth in LED product sales TRT Lighting investment continues Interim dividend increased to 10.0p (2011: 4.8p)