Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi, thanks for that great update and personal insight. I’ve only been in this holding for 6 months, I bought at 450p so didn’t get in cheap, however I see this as a good growth stock in a very unique market.
Hi Fly, I have been a holder since 2014 and have been very successful with TSTL. Been to their presentations and met Liz and Paul too. I expect the headline figures to be very good. TSTL has a good cash pile and a growing divi which I always plough back in. I think the fly in the ointment here is whether the NHS is doing a lot of procedures during Covid meaning demand for the wipes. Initially a lot of people were avoiding hosipitals for fear of catching Covid. I would say that has eased somewhat but sufficiently is the question? I think a few things weigh on TSTL which is why I sold a small amount on Friday as a hedge. Firstly the valuation is punchy and any hint of slowing growth and the SP gets hammered.Secondly the updates have a cautionary tone usually which tempts investors to sell on resultS. Thirdly no matter how TSTL will perform afterwards Paul and Liz are wedded to selling options on the first possible occasion. Results afford this opportunity and the amount of dilution it causes and the signal it sends to market always weighs on the shares. I think the US FDA approval is not happening soon due to the requirement to be physically present as part of the approval procedure so sadly it is on the back burner. Hope I am wrong on this. Some news on India would be useful though in terms of a distributor. I am hopeful but cautious on results.
Hi, First post for me, but been following this board for several years. What are peoples thoughts for Monday’s results, improvement on medical instrument cleaning products and more growth on surface cleaning. Also do we expect any news on cracking USA, or do you think this is going to take a while yet?
as a hedge against a cautious tone or some slippage Monday. Still very confident in the company but think 503.5p is not a bad price considering I have been a buyer all the way up to 484p.
Ah yes Boards. It was too cryptic for me. You are right about profiting from misery but where there is muck there is brass, Also TSTL has been both positively and negatively impacted by Covid. I don't really understand the SP currently as despite the large trades it seems to be being held back. Hopefully by the results next week we will be over 500p on the bid. It would also be useful if the BOD don't offload further which is their wont on results.
It was a positive analogy, the clouds being Covid and the umbrellas Tristel product.
The sad part was the second wave. It's a Covid positive stock, but you don't play up peoples misery intentionally.
ERRM yeah. Meanwhile back on planet earth there seems some strength over 500p currently. The big pity here is that although Liz and Paul are sterling actors they seem to sell into every results which knocks confidence in the share. We know results will be ahead of market expectations but remains to be seen how the lockdown is affecting hospital cleaning. I expect other parts of the business are booming and we may get an update on a distributor in India and when sales can commence.
Sadly the dark clouds are amassing again.
Push through 500p on the cards this week!
Finals due mid-October
The sell off was way overdone. I think there is an update due in October so no surprise to see some positioning here. Huge share for me and have confidence in it no matter how much it dips.
Nice move up from the lows last week anyway
and with further growth expected and having just secured the India contract and USA in their sights this pull back provides opportunity ...
odd it went over 500p recently then :-)
but market cap already £200m. A lot of the upside is already priced in.
Having said that 450p seems a reasonable price IMHO
https://twitter.com/surprised_trade/status/1309071325932199937
Results upcoming (expected mid Oct) will be ahead of market expectations and expects to report turnover of no less than £31.6m (2019: £26.2m), a 21% increase, cash balances on 30.06.2020 = £6.2m (30 June 2019: £4.2m). Tristel has no debt
https://twitter.com/surprised_trade/status/1306909804628267008
increased holding @ 421.49p TSTL ..recent price drop from 510p to 420p due to issue of options provides opportunity ...target back over 500p
look to the last rns maybe for a clue, looks like we have a seller for a week or two, once they're cleared we're good to go again....opportunity for a few cheaper shares or patience while they clear :-)
What is going on here? Wasn’t expecting such a dip
excellent progress and with new India contract, that's one whole lot of business upcoming on top of existing increased demand , ''We can now press on with developing our commercial plan for India. We have initiated discussions with various potential partners for distribution of the products." this will add some serious value and with the USA on the horizon too a lot to look forward too....pull backs offer investors opportunity when they are against the actual progress of the company as in this case, :-)
when it is a share that thrives in Covid. Fall completely overdone and worth picking up more. Results are bound to be stellar and I expect some positioning ahead of them as well as recovery in the SP.
and augurs well. 500p is sticky resistance but we have at least breached it recently. Some news on an Inidan distirbutor could give TSTL legs.
but good to be TSTL pop its head through it today. Didn't last long as currently there is not enough buying in decent cash volume to sustain it. That said there is plenty of buying interest at under 500p so we just need sellers to dry up to nudge us through 500p.
of trades washed through after 1pm without affecting the price. Looking strong even though there must have been profit takers after a strong run from 447p mid price recently.
https://twitter.com/surprised_trade/status/1296715206593335296
excellent rns and growth continues, new highs in sights