Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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He's a puppet master.
It's a puppet.
First RNS as CEO, A share buyback. Priceless.
"Slash the dividend and have rights issue to pay down the debt...? That's my bet"
A rights issue when the price is rock bottom, dream on, no CEO would do that unless they're in the same dire straits as Credit Suisse. The dividend going, possible, rights issue highly unlikely.
Slash the dividend and have rights issue to pay down the debt...? That's my bet..
"Seeing a lot of wishful thinking."
Not really, if you believe in the Multiverse theory Verizon and Vodafone will merge somewhere, even if it isn't in this Universe.
I would tend to agree with you here. I would say her no1 skill would be the procurement of expensive designer handbags !
Aspers 93.6p
Mikey 95p
Mr Read ??
Verizon sale for 130bn dollars. 55billion given in dividends
Project spring
India.
Germany.
What a shambles.
Seeing a lot of wishful thinking.
It wont be a merger with Verizon. If anything it will be a takeover by them.
FYI the Verizon CEO is a lame duck and installed by the Wallenberg family (with significant voting rights at ericsson). Shortly after him starting taking up his position, Verizon signed one of the biggest deals ever with Ericsson. Yup, one couldn't make this up!
Corruption at another level, but allowed to fly under the radar and no-one cares , because its all about you rub my back and I rub yours in the land of the free.
"Hello fleccy. You mention Orange as a possible merger."
It crossed my mind briefly, but I'm now almost certain it'll be a a merger with Verizon Communications lol
Hello fleccy. You mention Orange as a possible merger. I don't know if you realise that vodafone used to own Orange, but were forced to get rid of them due to regulations. Orange was floated on the UK stock market a long time ago, but was taken over by Mannisman, which was in turn taken over by Vodafone. Orange was sold to the French, but later I believe, Orange was re floated. All very complex. I hope that vodafone can get some kind of merger sorted out soon though. & of course we need someone good in charge, as soon as possible.
Well I am just waiting for the phone call - put me down for 95p and I promise i will get you lot value for shareholders :)
Bulking up the conspiracy theory.
"Verizon reappointed former Vodafone Chief Executive Vittorio Colao to its Board of Directors — his first confirmed role since leaving the Italian Parliament in October."
https://www.telcotitans.com/vodafonewatch/ex-vodafone-chief-colao-returns-to-verizon/5702.article
Coincidence?
Put me down for 93.6p
Either that or just put me down!!!
Bring in an outsider, do not appoint Reads glove puppet finance officer as a replacement
Time for a massive change in this company.
https://www.ft.com/content/f4022bfb-806b-4a75-9c7c-2586441f0b14
Exil 92p
AbjectP 93.05p
Newsid 94.6p
Wm2020 93p
SFDC 86.5p
What's truly mesmerising is that in today's world there seems to be a total lack of leadership and accountability.
Far too many are just in it for the quick buck and with no B$lls and vision. Only a short few decades ago you would see leaders being brought to tears because of a major plan that had gone haywire, or a chairman, CEO, prime minister etc handing in their resignation of their own free will because of the high expectations they set for themselves. What happened?
I am 100% confident in Vod upholding its value and appreciating sharply from here, but I am flabbergasted by the sheer lack of leadership of BOD, and the chairman particularly. Why is he not holding a press conference? Seriously, where is their pride and joy in living and acting as a leader? Why are standards set so low? Why not replace them all with A.I.?
Baffled, but then again, we live in times where central bankers have completely destroyed all credibility and accountability through confetti money. We are now paying the price for it.
https://www.ft.com/content/a5e352eb-40aa-421f-ad0b-da2f87c08aa3
Nick Read may be the only person who feels any surprise at his own ousting. Investors will ask Vodafone chair Jean-François van Boxmeer why it took so long. The board’s next step should be to appoint a replacement chief executive who can cut the sprawling UK-listed telecoms group down to size.
Read’s parting comments noted his pride in “delivering for customers and society”. He made no mention of shareholders. Over eight years, first as finance chief then as chief executive, Read has presided over a drop of £33bn in market value, more than half the starting total.
Vodafone has paid plenty of dividends. Squeezing costs to free up cash flow protected the payout but did not generate shareholder value. Any gains from slashing overheads were lost to competition in the group’s biggest markets: Germany, Italy, the UK and Spain. They have suffered declining ebitda profitability since Read took over in 2018.
Italy and Spain had huge margin contractions. Spain’s was 9 percentage points, a fifth below the 2018 level. In both countries, bidders showed interest. Vodafone chose not to sell.
Read’s departure does not automatically signal a break-up. Chief financial officer Margherita Della Valle takes over on an interim basis. She would be the continuity candidate to take the job full-time — but continuity is the last thing Vodafone needs.
The company trades at half its book value, which points to the need for disposals. A sum of the parts calculation shows that the bulk of value resides in three big markets: Germany, Italy and the UK.
Even using a low enterprise value to ebitda multiple of six times for Germany and five times for the others, these three could be worth €47.3bn, thinks Numis. That is half of group enterprise value today.
Selling off Spain, smaller European markets plus Egypt and Turkey might raise €17bn. Vodafone could also flog a nearly two-thirds stake in South Africa-listed Vodacom. That might realise another €10.5bn. Vodafone could halve its net debt, which is at present €45.5bn, leaving plenty for a shareholder payout.
For the first time in a quarter century, the shares are persistently trading at less than a pound. Scale has failed to generate value. Van Boxmeer needs to install an outsider chief executive who will pursue focus while dismantling a bureaucracy that is now obsolete
"you also have the huge problem of Competition Law when anyone mentions the likes of European mergers"
That's why I thought about US companies without competition overlap. The speed of Read losing the CEO position and going into an advisory role in the New Year, has really started my Spidey sense tingling. The more I think about this, the more I'm convinced there's more to it than share price performance and more likely related to something big in the pipeline.
Market still has plenty of PUT Options contracts at 100p - dated for December exercise
They have bet the sale of shares at 100p thinking the market price will still be below that by the exercise date
https://www.eurex.com/ex-en/data/statistics/market-statistics-online/100!onlineStats?productGroupId=9772&productId=56178&viewType=3&cp=Put&month=12&year=2022&busDate=20221202
Last weekend must have been a round the clock race to negotiate stuff with major shareholders and to prepare and draft the market press release.
Must have been one of the most testing weekends for Read - professionally and privately.
An activist must have played a role for sure.