Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Sold the lot in March just after SVB for a very small loss and bought into distressed financials. Have now sold my distressed financials at a nice profit and regained my DPLMs for £2 a share less than my previous avg.
Wouldn't it be nice?
"Speedy Hire a ‘buy’ following reassuring update, says Liberum
Liberum sees ‘significant upside’ at tools and equipment hire group Speedy Hire (SDY).
Analyst Charlie Campbell retained his ‘buy’ recommendation and target price of 70p on the stock, which slumped 5.7%, or 1.9p, to 30.5p yesterday.
The trading update for 12 months to the end of March was ‘reassuring as the board reports that it expects profits for the year to hit consensus expectations’, said Campbell, although 14% growth in revenues for the year implied a ‘slowing in growth to plus-10% at the end of the full-year.
‘The main driver of revenue growth in the year has been hire rates, which have been improving as the industry has been disciplined in recoupling input cost inflation,’ he said.
The group has also boosted savings from £3m to £5m after operational improvement and management restructuring, which Campbell said gives him ‘confidence that our cautious full-year 2024 estimate is achievable.’"
I can't find any particular reason for the drop other than the general unpopularity of technology companies at the moment, etc. Even the shorters don't seem interested!
So I will continue to top up at these low prices when I get the chance.
I picked up more earlier, too. My growth stocks seem to have lost their lustre, these days and I have no idea what is going to happen to UK retail so I took the opportunity to sell such UK dependent stuff. No profits, just very small losses.
I held this stock for years. At times, but not lately, it was tradeable and I made profits. That was then and now I have decided to cut my moderate losses and get out. When Haleon emerged and it price plummeted I ditched half my GSK and bought HLN. Now the SVB fiasco has hit some perfectly good companies stock prices and GSK held firm I sold the rest and bought into LGEN, POLR and TTG.
It does seem GSK is the Cinderella of this sector, but where is Prince Charming?
A bit of welcome volatility? I have ditched the last of my GSK, a stock that drives me nuts, and replaced it with some more LGEN now it is cheaper. A risk, of course, but that's what we do here.
Useful FT piece here:
https://www.ft.com/content/07628c56-f1c9-4da0-95c3-4e6ed0b1b01e
The purchase of SVB (uk) for nothing seems like a good move for HSBA on the face of it. The problem for SVB (usa) was it simply had liquidity problems which it could not solve without advertising its actions. This seems to have sparked an unnecessary panic with which the bank could not cope.
In Silicon Valley, or any tech centre, the the risks are high but so are potential rewards. SVB proved too small to handle the situation, and perhaps it had become complacent as some claim. HSBA has the size to avoid the same liquidity difficulty and hopefully the expertise to deal with the UK tech scene.
The fiasco has also raised awareness at government level of the importance of the UK tech sector. This has to be a good thing, especially under Stanford educated Sunak rather than F**k business, F**k the USA, F**k everybody Johnson.
The failure to create an environment for tech companies in the UK is going to be a huge problem for the country going forward. We simply don't have the investor commitment that is enjoyed elsewhere and it is a long-standing tradition for UK companies that have value to be sold to overseas investors(like our housing stock, utilities and so on).
There are clearly buyers waiting for DARK and they don't want to pay any more than they have to. Hopefully the EY report will give them a nasty surprise.