Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Nothing that I'm aware of!
Tovers > Need some logic or assumptions to the recent SP moving down so dramatically any explanations or points of wisdom, would be welcome, please?
Wow, that is some drop in the SP down 8 pct today alone what's the news or catalyst for this move?
As an auditor, IFRS16 has caused a lot of headaches over the last 2 years. But you're right - to normalise net debt you either need to add in the Right of Use Assets or strip out the lease liabilities. Simply not useful to be analysing net debt with only LLs included, given this is just an accounting entry to bring commitments on balance sheet with a corresponding non current asset
Looks like they've run a BS scrape and found net debt is £30.7m. This is a legit number but includes lease liabilities (of £29.16k) which is paid down through normal operating activities rather than any EDIT number. In other words, its almost an operating cost. Similarly, the jump in the confidential invoice discounting facility is the result of advanced supplier payments (increased freight rates, brexit relataed charges, etc.)--a function of increased working capital.
My point is not that these numbers can be ignored. Rather, they're not the black mark that would be implied by a simple reading of bottom line net debt.
https://simplywall.st/stocks/gb/transportation/aim-xpd/xpediator-shares
Will today be the day that people realize this is a deal?
Many thanks for this. An interesting read
the 'shares rate a buy.'
guygad >Tipped again by Simon Thompson (Investors Chronicle):
On course for bumper profit growth. Braintree-based international freight management services group is delivering strong organic growth from freight forwarding and its palet businesses, and looks set to exceed full-year profit estimates. First half adjusted pre-tax profit up 74 per cent to £3.6m on 27 per cent higher revenue of £126.6m. Freight forwarding key driver of growth.
Annual pre-tax profits expected to exceed £8.5m, up from £7.2m in 2020.
In late June, Braintree-based international freight management services group Xpediator (XPD: 67p) raised full-year pre-tax profit guidance by more than 10 per cent to £8.5m. The earnings risk is still skewed to the upside as the directors only need to repeat last year’s second half performance to hit forecasts.
In the first half, Xpediator’s freight forwarding operating profit (pre-central overheads) surged 54 per cent to £4.1m on 28 per cent higher revenue of £101m buoyed by more mature businesses in Lithuania and Bulgaria, higher sea rates (which are passed on in full to customers), and extra UK customer clearance work for clients post Brexit.The group also benefited from £0.4m higher operating profit contribution from its Affinity brand which provides bundled fuel and toll cards and transport services (ferry bookings, insurances and VAT refunds) to 2,000 Eastern European hauliers and 14,500 lorries. There was good news from Xpediator’s Pall-Ex (Romania) franchise, a fast-growing palletised freight distribution network offering 24-hour delivery, which is moving 78,000 pallets of freight each month, up from 67,000 in the first half of 2020. Warehousing activity in Romania is robust, too, operating profits from that business rose by 60 per cent and could hit £0.6m for the full-year. Admittedly, start-up costs for Xpediator’s new 200,000 sq ft facility at Southampton proved a drag and meant that operating profit from logistics and warehousing activities declined by a third overall to £0.4m, but the pipeline is strong and the seasonality of the business supports a second half rebound. Importantly, the first half working capital build – net cash of £6.7m reversed to net debt of £1.6m – is unwinding. The negative movement reflected higher advance supplier payments to secure drivers and lorries, increased freight rates, delays in client payments linked to acceptance of Brexit related charges, and a change in operational system within UK freight forwarding finance. Cenkos Securities pencils in year-end net cash of £3m. I initiated coverage at 45p (Alpha Report: Profit from a Brexit winner’, 19 February 2021), and the share price almost achieved my 85p target after the directors raised guidance 11 days after my last update (‘Primed for a major earnings beat’, 14 June 2021). The pull-back since July is overdone. Priced on 10 times operating profit estimates to enterprise valuation, representing a 37 per cent discount to sector peers, the
Have you fellas seen any broker notes, etc., on the results—someone other than proactive investor must be following the name?
As I said earlier this is why the mm's were tree shaking, glad I topped up but its a lth for me anyway https://www.investorschronicle.co.uk/ideas/2021/09/13/on-course-for-bumper-profit-growth/
As I said earlier this is why the mm's were tree shaking, glad I topped up but its a lth for me anyway https://www.investorschronicle.co.uk/ideas/2021/09/13/on-course-for-bumper-profit-growth/
I've noticed the same with many aim shares over the last 6 months - good results, shares get sold.
It makes no sense
Results look pretty good to me. I've taken a half position this afternoon and will take more if it takes another leg down.
but why??
91Divoc - Wow that's some selling now down 9%!
Sell on the news + mm's shaking out as they know ic will feature it prob tomorrow
it's a joke? with all the buyers why does it go down?
Towers Thanks for the link great company presentation and they maintained their profit guidance of a least £ 8.5m for the full year.
You can listen into the live announcement today on "InvestorMeetCompany" - looks to be a great website for staying connected to your investments.
Pleased to see they have grown revenues and profits. For me the question is how do they eek out more margin in freight forwarding? To come away with 4.1m (4% ) operating profit (margin) on what is the core of the business feels like slim pickings. Especially when Transport support services generated 1.3m (43.3%) operating profit (margin).
I hope they discuss growing margin for FF and growing revenues for TSS
Clipper reported today with positive read across to XPD (& DX)
https://www.lse.co.uk/rns/CLG/full-year-results-pnpzryzw23wk0jy.html
Back on the right road again, smashing through the speed limit 70p with some momentum. Is this the pullback completed and we move up a gear or two to the next levels 80-90?
13martyn13 . Yes expect increased SP volatility when it approaches the ATH @ or near 86p mark could really start to fly if it manages in passing through the 90 marks without a decent pull-back then ''Keep the pedal to the metal'' IMO