Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Basically confirms imv what I said about the share price.
Sharehead said were priced to fail
I said its based on current metrics question growth, liquidity, and whether debt is increasing.
My summary is:
- Revenue is stagnant and expected to be flattish ?
- Liquidity is an issue with increased fcf outflow however they hoping to cut back and use funds for growth ? No dividend insight imv
- debt increased ?
Imho -
Gla that's me done on the result for now
Net debt, including the impact of property leases accounted for under IFRS 16
was £545.5m in 2023 (2022: £482.4m)
Debt increased ?
2024 revenue expected to be broadly in line with 2023
· Modest improvement in operating margin
Still WIP in increasing margins and expecting revenue to be flat In 2024?
Free cash outflow[1,2], before the impact of business exits, of £115.5m
(2022 outflow: £42.4m),
Wasn't expecting the outflow to be that high imho
Adjusted revenue dropped haven't grown much ?
Reported loss before tax of £106.6m (2022 profit: £61.4m)
.
Count down
Scaffman, broomtree was on the hiding all day, whenever there's a significant rise, he'll message after market hours. Ha ha sorry, cnr down, cpi sold at a loss, bmn down. Dec down etc imho
American markets are down, the results tomorrow becomes even more important otherwise the sentiment and bad result could get very concerning, the drop in America comes at a wrong time imho
Felt emotional 😢 writing the below imho
Good luck guys 👦 ,
All the best 👍
Priced to fail you say..everyone knows that's a lie. It's priced on current metrics imho possibility of debt increasing, lack of liquidity, growth all veing questioned imho
Still no news, is there skeleton under the bonnet. Concerning. Back to 20p, could it go lower? Imho
Believe what u choose to believe. All shall be revealed soon imho.
Sometimes one likes to ignore what they don't want to hear. I think it'll hit home with the share price..yes sharehead, you would have laughed if someone said, this was going below 20p a year ago. Or even below 18. Or even 15s...because if you believed it was going lower, u wouldn't have bought when you did...yeah continue to laugh. You may again see the unseen imho 12s who knows eh? Imho
Exactly, company raised through RI, covid hit, but most of the contracts capita hold are government contracts that are revenue guaranteed therefore capita should have done far better during covid eara than most companies whose revenue is public driven. Yet the company used covid as a reason for the losses.
The company used portfolio division to sell off to reduce debt then weridly taken on more debt through loan notes
Now the company don't want to use further debt, so are cutting staff to release cash.
If the results are any good, the unions of capita, likely to be an uproar to not be a real living wage employee. So clearly they have to justify not paying real living wage with bad results.
Bad results with not want to go backwards by increasing debt, the cheapest option is to tap into shareholders which would help keep cap on the debt, give it sufficient working capital and reduce future interest payments if they took additional debt.
So for me, the company is trying to stabilise yo make sure its going concern than benefiting the shareholders
Imho
Expecting a news article from the media this weekend or early next week , which seem to be 2 weeks from the last bad news imho keep ur eyes open guys
'Cusp of a proper turnaround'? Please share ?
Show me where they're long ?