Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Disappointing results. If this were a school report - has all the hallmarks of "should do better"
Clued - the contributor "Needlesthecat" has made few comments. I have not bothered to investigate further. Drivers for markets include news, sentiment and momentum. Right now, all major markets are, at or have, in the last few days, been at all time highs; that indicates sentiment (to me) which, as the UK has today confirmed an increase in defence spending to 2.5% Gross National Product so this is news (as far as I am concerned. The final piece in the "noise" of the market to consider is momentum and that is based on the longest possible chart for the share price performance.
There is no doubt in my mind that although there will be days when the share price falls, the trend will remain northbound. As "Needlesthecat" provided no flesh or argument to support contention, I ignored the comment. FWIW, despite my optimism in whatever holding I have interest, I tend nowadays to pay greater heed to bearish comment and filter out those that are the most aggressive in their applaud for a company.
TR-1 has been issued today with Downing increasing position to over 10%
Gettingthere67, corrections are inevitable and healthy. That the DOW and NASDAQ have been breaching all time highs is both worrysome and encouraging in equal measure.
Part of the fall was in response to the potential for the Middle East skirmish to escalate but a far greater part is that the FED is unlikely to lower interest rates in early course. Some commentators are suggesting December. The UK also seems to have cooled on interest rates and a May cut seems increasingly fragile.
These are powerful headwinds for substantial companies and are really troubling for smaller ones.~
We have at the moment a UK Government on its last legs where local elections in May might give some flavour of the sort of bloody nose that might be expected in a General Election. I've always done better with Labour in office than I have with a Conservative administration.
This is not the place to discuss politics, except as it applies to equities. Sunak was a better Chancellor than he is as PM and frankly Coco the clown would have been better than Kwartang, hence we have Hunt at the tiller.
Https://www.cnbc.com/2024/04/19/bae-systems-linked-to-deals-in-countries-accused-of-human-rights-abuses-report.html
Don't believe that this will have adverse effect on the share price.
First question investors need to ask, is whether the company is a good investment and follow it with "are there better ones" and finally, what financial exposure should I risk?
For myself, I do not like to have more than 2% portfolio capital invested an any single holding including cash, and, for the most part I have been able to do this.
For comparison here is a little snippet that I read this morning https://citywire.com/investment-trust-insider/news/expert-view-aj-bell-dunelm-auction-tech-just-eat-lbg-media/a2440743?page=3
Steph, I do not believe we are on the cusp of WW3. The Iran / Middle East could escalate and have additional backing from Russia. China, the other major ally to Iran is unlikely to get involved but it could use the situation as camoflage for its claim over Taiwan.
Perhaps, if Russia is successful in Ukraine, it might embolden Putin to NATO states in the Baltics, which, if Trump were returned to power would present some crisis.
These conflicts seem to have the stamp of Authoritarianism vs Democracy. But, it the call went out, I would be ready to play whatever role is needed that I can usefully do for the persuit of peace.
Oddly enough, although the capital that I have invested in this IT is underwater, dividends received mean that I am slightly ahead. No compelling reason to sell but there is a decent investment case to add more.
Market gains, and in particular tech led ones in America have had a spectacular 6 months that began in October and lasted right up to the end of March. All that is happening IMO is a correction which, coupled with the FED dismissing prospects of an early interest rate cut, geo-political problems in Middle East and the callous behaviour of the Republican Party in USA in the procrastination of support for Ukraine has seen a sharp drop as investors bank profits.
This is, although painful in the short term, to be welcomed (again, my opinion) because as markets hit new highs, so it iw worrysome and encouraging in equal measure. Growth was confined to a few companies but is now beginning to broaden and, in time will extend to the smaller and smallest companies.
'fraid it is a situation where keeping a cool head is needed, doing nothing and sweating things out, sensible and for those fortunate to have spare funds on the side being able to cherry pick new investments or strengthen existing holdings if appropriate.
In times such as this, I compare an acorn with an oak tree and remind myself that the acorn has greater potential than a mature tree. For myself, from being up 12% at the end of march, I am up just 3% today and although currently sitting on 1.5% cash not sure that the turbulence is over quite yet.
Was there not a cyber attack in September 2022 year on Revolut? Not sure what effect it has had (if any) on the underlying valuation, but I believe it cost the company about £20m to sort out.
Have tucked a few more away today, this time for elder son in his ISA
Kicking off in the Middle East this evening.
Seems that my holding in bombs, f@gs and chemicals continue to outperform the touchy feely woke inspired equities that have struggled for years
EyesOfBlue, the first advantage of having built up a portfolio was to reach the point where it made sense to have it managed on a discretionary basis which I did in 2008. The second is that all the lessons learned the hard way are not generally repeated and I am concentrate in building up investments for my children.
When I started my first investment back in 1977, I forced myself to save £15 each month from my salary and topped things up with bonuses, Christmas and birthday money. In those days, the minimum practical amount I would invest was £500 and bargains were executed through my bank in a face to face meeting. As my salary increased, I continued to save the same percentage of pay - the big transformation was made with the proliferation of online dealing.
Nowadays, although my salary has remained the same for the last 10 years at a pitiful £26,000, I can and do save £600 each month for a "rainy day". £300 is for my wife and I, £100 invested for my 2 sons (aged 30 and 28 and started when they were aged 16) and £200 into a trust that I setup in 2015 to mitigate IHT.
The discretionary accounts were structured for capital growth and have done very well indeed. Capital under investment is now growing at almost 6x salary with dividends thrown off equivalent to 25% salary. At the point when I retire, I shall still target capital growth but draw between 2% and 3% from capital to have a very comfortable retirement. After all, a ski holiday in the winter, 2 horses in livery and a love of fine art tends to come with a hefty price tag. We started to draw from these last year following a substantial inheritance as a generation closed and I now head our family tribe.
Not sure if their holding is notifiable, but worth keeping an eye on portfolio changes as disposals, even when planned can with small companies take a little time to clear and, on occasion, provide opportunity for the retail investor to accumulate a decent quantity at beneficial rates
Nothing wrong in banking a profit. It is also very healthy for a pullback form time to time. After all, the defence sector has had a very decent 3 year run and, whether we like it or not, defence spending is not showing any sign of drying up.
Insofar as to whether the old adage of "sell in May...." holds any sway nowadays. Well, I'm afraid that that went out at the point of "Big Bang", the expansion of markets worldwide as well as the number of people taking an interest in their money.
Markets have had a good run in the first quarter of 2024 that built on that from October 2023.
For younger son in his SIPP
Interesting article from Charles Stanley https://www.charles-stanley.co.uk/insights/commentary/the-future-of-nato
There was a small mention in this weeks copy of Investors Chronicle. In the main the article (P32) concentrates on Chrysalis which having had a torrid 5 years seems to have tarnished others with distrust of valuations. And, in terms of discount GROW receives a mention as it is at a nearly 70% discount.
The "silver lining" that, for my money is really what the article should be about but is rather buried, is that investors MUST monitor the holdings in such portfolio for signs of progress...... and by implication (my words) be prepared to take advantage of any discount.
Anyway, the article has rather more focus on the issues in Chrysalis, though, with the substitution of names and holdings, much can be applied to GROW as it does with CHRY.
Trump might actually be in breach of Stock Exchange rules with the SPAC that floated. Not that such things seem to matter to the "stable genius". Markets seem not to care if he is elected. If he is elected in 2024, I wonder if there will be a 2028 election.
As we know, markets tend to move en-bloc and more often than not play "follow the leader". So, where US has a good day it is followed by a good day in Asia, then Europe before opening again in USA for the cycle to start all over again.
This year, the S & P has had a great start albeit that it has slipped back a little as investors take a breather. After all, January, February and March saw an uplift of 11% which has now slipped back to 8.5% versus the FTSE that has only just got out of bed with a gain for the year to date of 2.26%. It had been in negative territory for most of January and February. In turn, investors are shunning the UK in favour of holdings over the pond. I am one such investor where 15 of my top 20 holdings are quoted on either DOW or NASDAQ.
Again, returning to the broad direction of markets - these have for the last 100 or so years risen, though, of course, not always evenly. Crashes happen as do recoveries. Bull markets run out of steam and even when things are rising rapidly, there are down days, and sometimes quite sharp drops. These pauses might last a day or two, perhaps a week or a month but don't immediately herald either a crash or the savagery from a bear market.
All the bear markets I have been invested in tend to be of 12-18 months duration whereas the bull markets tend to be from 3 - 5 year runs and some even longer than that. Markets are in the first 6 months of a bull run and investors (especially those accross the pond) tend to get carried away in an election year. Having become a little frothy, I am not surprised to see the froth scraped off. What I am a little surprised about is that it seems to be taking an age for the tiddlers (such as those that GROW invests in) to get off the ground and either out pace the behmoths or at least show themselves to be nimble in finding new opportunities to exploit.