Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
We all pays our money & we take our chances but I have to agree with leas on the debt aspect. Vodafone's debt is around 62 billion euros with a net debt at almost 46 billion. BP's net is 35 billion dollars, Shells is 66 billion dollars, net around 48 billion. My point is none of these are going bust, all will be here in the years ahead & all pay good dividends. If we are looking at financials earnings per share is important with how the dividend is covered also being important for us that hold for the divi's. I hold all these companies & will continue to do so. Good luck Spindler & all posters with your future investments.
Just before I go..and I will. I know you know your stuff and there is some case in your argument. Debt is not wholly bad for a business but in this case i argue it is and wasn;t necessary. To be honest there are some good posters but I noted especially up to the BS SD that this BB has a lot of investors who actually know very little about investing, actually virtually zero. The amount of questions on such basic stuff continually how do i qualify for the dividend etc. And to be fair to them most couldnt get their heads around the consolidation which as it used totally deceptive language re the special dividend is entirely understandable.
I'm not sure if it was you but one poster said months ago that many investors would consider the consolidation as tantamount to theft because they wouldn;t understand one hand gifeth and one hand taketh away. And to be fair even the most inexperienced investor has a point on that.
Anyway toodle pip and by the by no i am not a fan of debt laden companies with no revenue(but i guess you meant profit). The main apple of my eye is debt free but that wasn't part of my decision. The Tui board is an interesting one in denial around their debt and i have massive sympathy for TUI but fundamental are fundamentals even for my favourite holiday company, customer yes, investor no
Guys
if you think debt is bad for business then I suspect you have never had your own businesses, The tax benefits allow them to cover the cost of borrowing particularly at a time of all time lows. If TSCO had paid down debt then they would have really thrown the cash away. That is why they chose to reduce their Pension liabilities.
The Weighted average cost of capital is good with this company, debt is covered very easily from earnings as is their yield. EPS is excellent too.
Apologies if this sounds a little patronising but you don't run a company like you run your household. The numbers at TSCO are good. It is a defensive investment with a good yield with the potential of some capital gain.
What I don't understand is why anyone not invested here would want to waste their energy posting on a bb that by nature usually have experienced private investors. What I post or others natters here does not determine the direction of the share price.
Go on the AIM bb's and influence your fellow investor there. Some of those debt laden companies without revenue need your well intended advice.
Having thought this through short of a correction, I am sure I won't reinvest so good luck all.
Tesco Market Cap circa 17 odd billion (Market Cap does not include debt obligations)
Debt obligations circa 8 billion
Cash on Hand/working capital circa 2.35 billion
So they have debt obligations nearly half the market cap when they could have eradicated it.
That debt will never imo be paid off just continually refinanced/recycled
Net debt 5 3/4 billion but they are servicing 8 billion in debt(and i don't care how cheap it is)
Tesco could have been debt free
Longtimeinvestor
The lemmings I refer to in this instance were those raising the price, all buying due to broker recommends and directors deal news. Allowing me to cash out and take profits on Friday, earlier than expected. The director deals and the broker recommends do nothing to cover the sins of BOD regards needlessly driving the value of the company down by many billions, especially when given the perfect opportunity to raise the worth of the company by billions. It's elementary that to fund takeovers and/or growth of a company it needs a high powered valuation. Instead they chose to keep the debt and line their pockets. Simple stuff showing that the BOD are not acting in the company or shareholders best interests regarding value.
Good luck with your Tesco investment.
nbc
''Took advantage of the lemming investors ''
if that were the case then you would have sold all of your shares.
If it reaches 240+ plus before xd then investors who bought today would not have been lemmings would they?
Leas
Good point re the institutions who are not gross funds could well have lightened up before the SXD.
Silence (from some) is golden, indeed !
End of day was great. Took advantage of the lemming investors buying after the director deals and sold half my holdings at 231, much earlier than I could have hoped.
As a defensive stock through the pandemic Tesco was OK.
Going into recovery, the sins of the BOD have been laid bare and maybe the 6p divi and prospect of 20% growth might take this to 240 plus before ex-div at which point I'll sell the rest.
Cheers all and GL.
barchid
No coincidence that the negative posters who are not invested stopped making any comments as the market closed.
Like I posted earlier, if this is such a poor investment then why have the algo trades. Who benefits?
Another observation that has been overlooked. Many institutions would have reduced prior to SXD in order to reduce their tax liability. Many of those will have annuity obligations to meet.
Most certainly the prospect of the next 6 months for TSCO is looking encouraging, dare I say rosy ?
Closing just shy of 232p for the week certainly puts a smile on my face.
So we finish at the price it was at the close of play Tuesday. Priceless, focus was on the ‘one of costs’ of the pandemic. Booker up and running now and the share of online sales increased significantly. Staycations and home entertainment likely to be high due to difficulty in hols abroad.
Money from the impatient to the patient :)
Ok so the share consolidation was crap we all agree but that's the past.Now looking to the future a lot of investors will be looking for good safe investments to spend their new 20,000 Isa allowance.I can imagine a lot of them sifting through share data this weekend looking for a safe bet with a dividend going on the cheap. Tesco fits the bill and it will rise steadily up to the exdivi day and if bought at this price will probably still be lower than what it falls to. I expect this to be 3 pound by the time it gets to exdivi by then hospitality will be open and the economy in good recovery as is already happening see the ftse flying up today.