Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
On my broker valuation(Halifax), my losses on AV. are not pleasant reading. The figures tell me that AV. has lost 22.73% in the last year. People will say that the company has compensated through its rather strange method of returning money to shareholders and that my broker's system is at fault for not allowing for this. As I understand it, the process was a rather panicky method of satisfying a powerful activist investor, Cevian which had built a significant stake in the company and which claimed that AV. had been poorly managed for years.
But then I think, why should my broker build into its system an algorithm that reflects reality as AV. would like it to appear? I just wish now I had sold the lot before they starting messing me about.
Comparing a similar company to AV., Aegon NV, I see that its revenue was 1.62 billion Euros whereas AV. made £248m. Aegon's share price has risen by 15.53%.
It seems the company acknowledged its failure in the annual report for 2021:
"2021 was the year Aviva began to deliver on its promise to become the business that our customers, people and shareholders deserve it to be. In many ways it feels like a new Aviva. Our work to focus the portfolio is now complete and we’re concentrating our efforts where we are best placed for success." George Culmer, Chair.
Nevertheless, since the return of capital AV. shares have continued their disappointing performance, languishing behind the likes of LGEN and MNG and attractive only because of the dividend. Any signs that AV. is 'placed for success' would be welcomed.
Inflation reduces debt liability.
What government? Last I heard the PM was partying and then going joy-riding in war planes. He's getting his money's worth; we aren't.
Glad I bought more LGEN instead of AV. the other day. I've large stakes in both but I did not like AV. doing that weird buy-back exercise. I just wish I'd sold all my holding before they did it and bought back after as some did. They do some strange things..
"Chris Kinder has added ‘undervalued’ IT stock Aveva (AVV) to his £1.7bn Threadneedle UK fund..
..Aveva is an undervalued software business offering attractive exposure to industrial automation, digitalisation and capital expenditure; trends which we see as interesting over the medium term,’ he said.
‘The stock is cheap on a three- to five-year view as the company is transforming its software-as-a-service business, which is likely to have some impact on earnings and margins in the near term.’
Shares in Aveva fell 2.9% to £23.79 on Tuesday and are now down more than 40% from their pre-pandemic level in February 2020."
https://citywire.com/funds-insider/news/expert-view-aveva-bandm-carnival-quilter-and-softcat/a2391015#i=2
The negative eps is presumably short term as suggested in the results.
As a long-term AV. holder I can see that this company has changed very little over a long period. The recent exercise has done nothing for me except cast a fog over the actual performance of the stock price. With hindsight I wish I had sold the lot as soon as they announced what they were up to and put the proceeds into one of their competitors, at least until the dust settled.
Scheduled for tomorrow, 10 June
We simply do not have a government competent and trustworthy enough to make this kind of decision.
“Speaking at the Royal United Services Institute, Poppy Gustafsson OBE called Russia’s Invasion of Ukraine ‘a Turning Point’ in Cyber Warfare”
https://www.darktrace.com/en/press/2022/427/?utm_source=taboola&utm_medium=referral&utm_campaign=RUSI&tblci=GiCohGDr5u9RyRfmL4eMgFFlebUUMmvWa1NUTsnPjBhpUiDP9FYo4KPm85zyruYV#tblciGiCohGDr5u9RyRfmL4eMgFFlebUUMmvWa1NUTsnPjBhpUiDP9FYo4KPm85zyruYV
Why would AUTO buy a loss-making car leasing outfit?
https://www.lse.co.uk/news/AUTO/top-news-auto-trader-buys-vehicle-leasing-firm-for-gbp200-million-rynbhvykpc3jqo0.html
What I don't understand is the average price paid shown by Halifax. On 3 May it was 391p per share; On 19 May without any intervening transactions it had shot up to 526p per share and since my 2 purchases on 19 and 20 May it is still at 462p. It doesn't make a real difference to my asset value but it does show up as a stock I have lost money on AV. when the opposite is true!
With about 20 stocks in my portfolio, it's been a bloodbath with rare exceptions.
The question is when does it bottom out? War in Europe will continue if not spread, inflation isn't going away and we are ill-prepared to find enough alternative energy to defund Russia never mind the climate change issue. There is also tension in the Pacific highlighted by the Solomon Islands of all places.
It's a fast-changing world now.
Have owned varying amounts of this stock over 3 or 4 years and it's made me some nice profits through buying low. I think this is low and have upped my holding by 50%.