Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Ah sweet irony, to say "You do overplay the potential and underplay the risks on shares you ramp"
Then list out a bunch of shares and not mention TLY down 92.6% in the 10+ dire, dire years you've held.
Worryingly stockopedia now rating this a "Value Trap":
The great modern value investor, Seth Klarman, has warned "value Traps are a dagger through the heart of value investing". This is the domain of broken business models, sectors in decline and generally one of the worst places to be in the market. The key lesson to learn is to give loss making, out of favour, cheap shares a wide berth unless they start to show confirming factors. Learn more about avoiding value traps here.
https://www.stockopedia.com/share-prices/totally-LON:TLY/
A boring share with no prospects which no one is interested hence lack of liquidity and going down hill fast!
Extreme intraday movements this afternoon (+/-16%). Minimal liquidity....
So many 'Red Flags' now has to be soon watch the press I say!
You missed one Sikthetech,enjoy!
Over 10 years paying premium on Advfn and utterly f@@ked!
Totally Plc
LON: TLY
OverviewFinancialsCompare
5.33 GBX -9,009.61 (-99.94%)all time
21 Mar, 10:27 GMT • Disclaimer
TLY is an illiquid share, small trades can move it in either direction.
Every company has risk/reward.
There's nothing wrong with posters presenting opinions but the amusing thing is 1gw_ You do overplay the potential and underplay the risks on shares you ramp. Whereas, you overplay the risks and underplay the potential on shares you deramp.
For someone who portrays themselves as well researched, why do virtually all your shares crash and based on the warnings I post?
Byot down 95%, STU bust, Trmr down 80%, Rthm down 80%
Byot - down 95%:
Mine - posting of company/sector newsflow, warning of the risks. https://www.lse.co.uk/profiles/stt1/?page=78
https://www.lse.co.uk/profiles/stt1/?page=76
1gw_ - https://www.lse.co.uk/profiles/1gw_/?page=3
"Sttsbumbag" posts on Byot and TLY https://www.lse.co.uk/profiles/sttsbumbag/?page=2
Trmr down from around 850p to 200p(now called nexn):
Mine - facts, company newsflow https://www.lse.co.uk/profiles/stt1/?page=72
Radium - posts on trmr. tly and refers to 1gw a lot https://www.lse.co.uk/profiles/radium1/?page=7
TAP - down 80% (now part of nexn)
https://www.lse.co.uk/profiles/stt1/?page=114
etc
You have to understand the company/sector, as well as economic, political newsflow. Just picking out comments from rns or TU doesn't always tell you what is happening.
1gw_
(another HVO poster!)
As you are aware, the BoD have explained many times the reasons for the liabilities/assets. In fact, you have been mentioning it (on advfn) for many years (just search for "Horrific" on advfn).
The fact you don't understand how the NHS model (or indeed other suppliers to Govn bodies work) doesn't mean it's a problem for TLY.
Companies win and lose contracts all the time. You mention the NW London contract, yet they have won other contracts within the same division(which you fail to mention!), since the NW London contract came to an end.
Dec 2022 (just before the NW London contract ended)
SE London c£66m contract
https://ir.design-portfolio.co.uk/viewer/100/55210
1st March 2023
National contract c£10m
May 2023 c£12m
https://ir.design-portfolio.co.uk/viewer/100/57538
Mcap £10m
The fact is they expanded their business model to include Elective Care (EC) in 2019. This is a higher margin business and in significant demand. Waiting lists are high and govn needs to bring them down.
It is good business practice for companies to want to end unfavourable contracts and go for better contracts.
As you know, we have both posted on the same shares for many years. Trmr/Byot/HVO/RTHM.
What I find amusing is that the derampers who appear on here also post (invest) in shares you ramp. All those shares subsequently crashed based on the warnings I had posted.
Is that a coincidence?
Thanks 1GW for that cogent explanation; rather than rant.
Thanks for the post 1GW , dont like it but yes,now i understand the breakdown and your correct ...well put and thanks again for a rational explaination,
A really bizarre thread this one. The numbers are all on display in the balance sheet (Interim Consolidated Statement of Financial Position as at 30 September 2023) reported by Totally in the RNS of 28th November.
£18.4m Current Assets
£30.3m Current Liabilities
If you subtract current liabilities from current assets you get -£12m. i.e. net current liabilities of £12m. Not total liabilities or net (total) assets but net current liabilities. The "current" in current assets and current liabilities means assets or liabilities that are expected to be settled (paid, received, work completed etc) within 12 months.
It doesn't help clarity of course that Totally itself quotes net current liabilities of £15m in the same balance sheet and appears to have added in non-current liabilities to get this higher number.
Net current liabilities is not a new thing for Totally and the company explicitly addressed this in their last annual report.
"The Group has consistently had net current liabilities in recent reporting periods which reflects the nature of the contractual terms with customers and suppliers. "
The position arises because Totally get paid in advance (at least in aggregate paid in advance of having to pay their suppliers and employees) on some of their contracts - particularly the urgent care contracts - and have chosen to use the cash generated in this way to fund their acquisition-led growth. That was OK so long as the company could continue growing its urgent care business (the larger the business, the more cash up front they would have) or could generate meaningful operating cashflow (excluding this working capital effect) from its overall business. The risk was always that, for whatever reason, there would be a change to this source of cash - either because the contract terms changed (to more traditional pay upon invoice after work done terms) or because the company's "pay up-front" business started shrinking. What we have seen recently is the materialisation of this latter risk - the "pay up-front" business started shrinking with the ending of the North West London UTC contracts and some Covid-related contracts. As a result cash disappeared from the balance sheet as those contracts came to an end and Totally settled the bills (relating to the cash received up front) with its own suppliers and employees.
With £12m of net current liabilities (at 30th September), gross cash of only £2m and a net debt position, Totally doesn't appear to have a lot of capacity left to withstand further loss of material "pay up front" contracts. That may not be a problem if it can return to growth in the "pay up front" contract business, or if its overall business can start generating sufficient cash, but it seems to me the risk is relatively high at the moment.
Here is another clot that's invested in HVO alongside Turnkey17,isnt it Hallsworthy, talk about directors selling 30million shares now that's what i call a red flag ! . High caliber investors these two,LOL
Turnkey17 ..so you would never buy this in your life ! your a liar because it shows you are invested in TLY. SO, IF ITS ALL YOU SAY IT IS WHY DIDNT YOU SELL UP! just one more clown on here that doesn't know what he is talking about.
So sorry TURNKEY17 your link shows nothing regards 12 million liabilitys ,nothing at all i suggest you call in at specsavers,let me just say TLY have no creditors above the norm and certainly not for 12 mil..so please tell us who these creditors are ? if you please,i repeat its all in your head, you should go see a doctor., apart from that the figures you do show are for ending sept 2023 so out of date.
It's really worrying how this can never hold a rise. Do insiders know something we don't? Where does the selling pressure come from? I can only think the worry about having only one customer weighs heavy
Sikthetech aka stt1 there are more red flags here than in Tiananmen Square...wafer thin margins, no cash, virtually no credit lines, high fuxed wage costs, CFO jumped ship, unworkable investor model, what next!
Just look at the share price is just cratering!
You've been here for years on that time its down 99.99% ffs!
Thanks for your input, and goodbye then.
-68% over the last year. Tells you all you need to know
Explain how a NEGATIVE 12 MILLION net current liability position is strong
Oh wait its not. It's TERRIBLE. Why can't the creditors pull and demand their money at any moment?
High risk low reward stock. Avoid IMHO. I'd never buy this in my life
TwoGood2Die
Your post 4th March, where you claimed you were posting facts.
"Totally Plc fails consistently to deal with NHS waiting lists...FACT!
To date waiting lists have become worse due to Totally Plc....FACT!"
Waiting lists are down and not worse.
Going by your logic, fact as you claim, waiting lists have become worse due to TLY. Given waiting lists have gone down then that must be due to TLY as well. After all, it's YOUR fact, voted up 4 times.
I await your post congratulating TLY on reducing waiting lists. :-)
FACT.
Waiting lists gone down despite the junior doctors strike.
https://www.dailymail.co.uk/health/article-13196291/NHS-waiting-list-strike-action-patients-delays-AE.html
It's amazing some are completely clueless. They've been quoting the total liabilities for YEARS, despite this being explained clearly regularly.
Yet the company still managed to buy other companies, win national contracts, pay dividends.
Have you looked at the current liabities and assets at HVO, a share you're ramping?
They have total liabilities of £31m (as of fy2022, latest AR not available yet) and yet they will be paying for 2 leases for several months, as of beginning of this year.
Dude go and look at the balance sheet wtf?
https://www.londonstockexchange.com/news-article/TLY/interim-results/16226807
Total current assets 18,385
Total current liabilities (30,289)
NET current liabilities -£12M!!!!
Thats old news moniman...where have you been or, have you just wakened up re director,how do you know she resigned even coz know one else knows ,did you know her? tell us all why the contract news is questionable ? are you saying they made it all up ? ,more like you did, also please explain in your own words why you think the cash position is questionable ,a few facts if you dont mind before you open mouth would be nice.
You still have not said where your purported 12 mil comes from Turnkey17 so,that means you made it up ,come on now explain how you arrive at it, or are you just a troll like some others, try looking at the TLY website and show it via a link if you please.
Https://www.lse.co.uk/rns/directorate-change-j4qearzsub3u2u7.html
Big red flags here, CFO resignation, questionable contract news, questionable cash position? 🤔 😳 JMO Adyor!!!