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.
Will these be on the same day ?
For me it's makes no sense to consolidate as it's all about market cap and a large SP driver will always be dividend level, but perhaps for more casual investors the share price remaining the same is a good thing.
Just sharing some calculation scribbles.
When looking at these figures from their website.
https://www.tescoplc.com/investors/reports-results-and-presentations/financial-performance/five-year-record/
In the section 'Operating profit/(loss) before exceptional items and amortisation "
The Asia business contributes to 426/3005, about 14% of the profit.
The Share price is currently 240 with 51p being returned, so the SP will go down by 51p/240p, about 21%.
Unless the holding is in a pension or ISA, then given that this dividend will be taxed, then the amount a shareholder receives will also end up being broadly 14% of the share price.
All basically meaning the special dividend is broadly priced in.
That all said, if the dividend level goes down by the same 14%, to 7.9p, then an equivalent SP with today's yield of 3.8% equates to a share price of 208p, add the 51p special divi equals 259p, so IMO, a rise to 260p is reasonable.
Will the normal dividend rise over 9.15p this year. IMO it probably will due to Tesco having increased its revenues.
Not sure if it was picked up by many investors of this sector yesterday but an approach was made to Carrefour by a Canadian company. Although the talks are at an early stage the French Government has stated that the largest private employer in France will remain French owned.
Although OT, certainly worth a read as it may trigger some consolidation in the food retail sector.
https://news.sky.com/story/french-government-will-take-a-close-interest-in-canadian-companys-bid-for-carrefour-12186949
Right, I think I almost understand this now.
So.....The SD gets paid, the price goes down as usual accordingly. Then, the share consolidation happens and the holding goes down but price increases. The gamble is whether the price goes back up to previous levels factoring in the share consolidation?
Likewise Rosewall. I signed up for the max £500, 5 year SAYE on the basis that I couldn't find anything saying the price would be adjusted or affected by the consolidation. Best chance of making a tidy profit since the £1.50 offer after the accounting shambles IMO. As SAYE is contracted at a stated price from the beginning, with no mention in the contract of an adjustment I'm assuming it can't then be altered down the line. I could be wrong but that's my logic. Worst comes to the worst I can just cancel and take any contributions back or let it run and take my money back at the end if SP is lower then so can't lose either way really. Unless you count the minimal interest it would earn in the bank (though I doubt I'd religiously bank or invest £500 a month if it wasn't taken from my wage without me even seeing it!)
Adeg
I agree with your basic comments. My wording in one area was pretty poor due to finger trouble and not being able to amend the post. When I wrote "This is strange", I meant to say that "This is a strange one," meaning it doesn't fit the usual special dividend scenario i.e. sale of asset, reduce NAV, pay investors. Essentially a return of capital. This is more complex and although both the positive and negative effects on the Balance Sheet are known, this will not translate into market sentiment, at least not at this point in time - there will be time to pick up cheaper shares later.
I did make more enquiries yesterday and have still not found anything that says colleagues SAYE plans will be affected by the consolidation - happy days if that turns out to be correct.
I was hoping for better today, still potential though in the coming weeks ..
paddy, you have until the 11th Feb to research and come to your own conclusion. My reply is not intended to be dismissive but it depends on whether or not you intend investing based on other fundamentals or looking at a quick trade and gamble. There will be a share consolidation and probably a fall when it goes XD.
I suppose you also have to consider is it worth buying with the expectation that it will rise as we approach the GM.
are the shares worth buying for the special, any advice
Rosewall
Good morning, pretty much on the nose with TSCO. I too thought the results were prices in. MRW had great xmas figures and fell on the news but have now regained some value and some. Now we have the run up to February 11th. As some have already commented, despite the bank lots of positives.
The online shopping is also limiting you to 95 items per shop. We often have to take items off our weekly order to fit to the limit. I do think they have opened online up to a lot more new customers and hopefully they will continue to buy their larger, heavier items online in the future.
The special dividend is already built into the price if you don't understand that then you need to read about efficient market hypothesis. When it is paid the price will drop by the amount of the dividend as the market capitalisation of the company will reduce. However Tesco are looking to fudge the numbers/graphs by conducting a share consolidation so the shareprice appears to be the same but there are less shares in circulation.
Is anyone listening to the presentation which started at 9 am ? I can`t wait for the questions and answers section.
Disappointing Tesco Bank figures but expected. Well, a fall was expected, I didn't have a figure in mind.
Sales, well, they certainly reflect what we see day in and day out. Even now it is a case that online shopping is full to bursting. People are scared to go into stores. The upside of the priority slots are that there is a whole raft of new (and I would say grateful) customers out there. The downside is that the orders are often much smaller in value - the little old lady does not buy as much as a family of five.
Interesting ROI figures though. Not sure of the demographics and competition to know what has happened out there.
Special dividend will result in an initial fall in the share price, how much we don't know. This is strange because the sale proceeds from the two Asia businesses (one profitable, one loss making) will both reduce and increase the NAV. The NAV will not reduce by the total sale of the businesses, just the book value leaving a chunk of profit on the sale. The pension fund liability will be greatly reduced thereby bolstering the Balance Sheet and the remaining cash will be used for Working Capital.
As for consolidation, before the accounting debacle, from memory, the share price was around £5 per share. The company and institutions were happy with that and, again from memory, the company were making noises that they wanted to see it back up around that level. That is where I get my 5:3 ratio from. Pure guess work.
Pablo Horse...
There is a huge manipulation of the price atm.City boys need to get in cheaply.Do not despair,collect your 51p sd first before you do anything else.Stach
Profit taking after result day? I'm still confident that the SP will move upwards after the initial sell off. GLA
Why would the special dividend push it to 250?
It's known, it's factored in the sp already.
Yeah that will lift the shares ........oooooh like a dismal firework display gone out with a whimper .
Still the Special Dividend to look forward to that will er push it up to 250 one would hope,
Now will Tesco get rid of the god damn bank which is the white elephant in the room.
Still at least like a bank your moneys relatively safe with a half decent dividend just don’t expect fireworks with this share
Make a profit and share price goes down or be like ABF Primark and announce a profits hit today and there share price will probably go up
Looks like the results were priced in. Disappointing. Thought we were headed to £2.60
Looks like the results were priced in. Disappointing. Thought we were headed to £2.60
Suggest you go google share price after a dividend.
The group said UK like-for-like sales growth was 6.7% in its
third quarter to Nov. 28, accelerating to 8.1% in the six weeks
to Jan. 9.
mac, my guess we will get 50p special divi but our shareholdings will reduce by 20% at the same time. The point is to keep the sp static reflecting the smaller company and of course helping management bonuses etc imv.
I am confused by the share consolidation and the idea that the Special Dividend will result in a fall in the share price as it is a dividend. does it mean we will receive a nice cash bonus but the value of our holding will fall? What is the point?
Just went through it. Short and sweet , as they say. As expected TSCO bank loosing money but all else is well and full year forecast remains unchanged.
SP should now proceed to 265p
Hello £2.60