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.
Gosh I might be the one in the wrong, but what's with all the debate over what the share price will be after the consolidation? And saying they're going to put it at 5? They'll put back roughly where it was before. Well that's my take on it. Why do they bother I wonder, I don't care if I keep the same no of shares, no consolidation and a price of 1.90 or whatever transpires... Best of luck for the trading statement
Nigella,
My view is that Tesco want the share back up In the £5 area. I have always though 5 to 3
HI Rosewall, we do indeed live in unprecidented times (possibly). Every chance that many ftse100 (in particular) companies who shelved their dividends in 2020 will be under pressure from the big boys to get some much needed income back into the funds coffers, especially any that are deemed to have prospered under C19, albeit unwillingly when general situation is taken into wider view. I do have some concern that we havent yet heard of annuity pension defaults due to lack of funds ...... maybe this is the next headache around the corner ??
Thursday 14 January
Tesco PLC Trading Statement
Only another 20 mins left to close . Lets hope for fanyastic results tomorrow. Good luck to everyone.
Percyance: Re: Vodafone: Yes it was in year 2014 and investors received a payment for Verizone and there was a consolidation.
Have I understood correctly that on 25th January we will receive a circular with info on the share consolidation including what ratio will be applied . ??
back in 2015 Direct line paid a 27p special after selling some asset and the ratio was 11 for every 12 shares held. at the time DLG were £3.38ish . sadly I cannot remember how the SP was affeted on ex date.
For tesco to generate 51p . on a £2.45 ish share the ratio will be more severe.
Any thoughts ....and what is general opinion on consolidations ??
The thing is with these chat rooms that is exactly what it is - chat. You take from them what you want.
Hargreaves Lansdown also promoted Woodfords patient capital trust and we all know what happened there.
Prussell
In normal times I would agree with you. However, at the moment, when so many investable businesses e.g banks have stopped paying dividends , I think that institutions such as pension funds have put pressure on Tesco to pay a special dividend in order for them to pay their annuity obligations. For many institutions major income streams have dried up
what happened when vodafone did special dividend a few years ago after selling verizon? did their sp drop by same amount?
Terry Smith, who knows far more about investing than many of us ever will, based on his own personal fortune success!! claims that share buy backs and special dividends should only be used if there is no better use for the cash to grow the value of the business. He actually puts the idea that Boards who offer such may be suffering from an inability to act in the growth and value interest of the business overall. A lack of imagination possibly??
Something a bit more up to date, out of all the companies in the world they could select, Hargreaves Lansdown names TESCO as one their 5 Tips for 2021. Well worth a punt I'd say.
I would like to spread the new of my marriage to my lovely wife......20 years ago...we are now divorced and loathe each other
Why post something from October ? Totally not relevant and just a distraction that muddies the water...or did Cdmorear not realise the article date ? Thanks for pointing out it's gone way past it's Sell by Date...
Something else that's equally relevant....
https://www.theguardian.com/business/2010/apr/25/tesco-record-profits-terry-leahy
HI DT270380
I know but a gentle reminder of a positive news story, especially in these times, should not cause any harm.
cdmoreear
This article is from October - it's about the half year results not the Q3 and Xmas trade update
I see the algo trades are having to work overtime today. :)
cdmoreear
thanks for the link. We will see if the city has already priced in the trading update. For me the I am looking further forward than the SD, hoping to reinvest it here thereby increasing the yield when ordinary dividends are payed.
Lots of scenarios from different lse members but it all boils down to each investors personal circumstances.
// Tesco shareholders hoping for a nice payout in half-year update, especially after selling off its Asia business, analysts say
// Tesco expected to post £58.5bn in sales, operating profit predicted to be £2.2bn & pre-tax profit £1.4bn
Analysts said Ken Murphy, might want to impress with a payout, slicing up some of the cake from recent big windfalls, such as the sale of Tesco’s Asia business.
https://www.retailgazette.co.uk/blog/2020/10/tesco-shareholders-hoping-for-nice-payout-in-half-year-update/
thanks to all...lots of food for thought.
Nigella.
Absolutely zero chance of a share buy back. This was not proposed in the original circular and voted on.
It's the company saying "I have nothing worth investing this cash in, you have it"
While special dividends aren’t necessarily bad, at the same time there is no evidence that they provide any long-term benefit to investors.
In effect, they are neutral and sometimes can actually be negative, especially if they result in slower long-term earnings and dividend growth.
Thus, investors would be wise to avoid the temptation to “chase” special dividend announcements.
Due to the fact that the share price should fall by the exact same amount, and that the company will lose the financial flexibility of that cash, the best strategy for dealing with special dividend announcements is the same as most Wall Street news: do nothing.