Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Shaperite
You make good points here, the Chairman (sorry Mary, Chair) is the ultimate captain of the ship with his hand on the tiller & Rucker has been less than effective, to say the least. At some point, just for fun, I'll see what the SP was when he took over and what it is now, then adjust it for inflation, it is likely to be a shocker...
Meanwhile we must hope that his successor will be a tad more "canny" than he was, which surely should not be too difficult ?
One can but hope that his fellow "canny directors" do not vote him a gold Rolex as a memento for his great work in Wolverhampton, a Swatch would be too much.
Indeed, Linda has been busy and a divi increase is to be welcomed.
Despite the obvious headwinds the management of HBR, have done, imho, an exceptionally slick job for us shareholders.
I do think that best practice is to align managements interest with shareholders and it does not speak well for MARS that they continue to dilute shareholders with cheap options in favour of management whilst shareholders are left with diddly squat.
It is now March 5 & still no update !
Discharger
Loan rates coming down soon, you always spout this but forget to point out that so many of MARS debts are capped & collared, are you suffering memory loss ?
Beer is cheaper, arguably, than cigs/vapes but way pricier than the "highs" that most youngsters use these days.
Not to mention buying supermarket Marstons and drinking it at home whilst the pub down the road is half empty to empty but paying for staff and power despite that.
Yes there are plenty of cheap shares in UK market, ESKN for instance, aka Southend Airport which you have been puffing lately all the way down to less than 1p !
Face it, Superdischarger, sub 30p MARS are basically option money, rather like ESKN some months back...
Not being half as smart as you are, I can only look on things simplistically, if I buy at sub 30p I could do very well but I could lose the lot, why is that so difficult for you to take on board ?
FD
Salient comments indeed, it is noticeable how few posts are made when the stock is in the doldrums, like it has been the last few weeks to drop down today by being offered sub 30p.
I note too that we have not heard much about how the property estate will bail us all out, it certainly seems like Mr Market has a different view to many who post here...
@Stuart
Good point, this BoD certainly don't keep investors very well informed, this reflects badly on the whole business, sadly...
CEO, I completely agree with you yet the SP is lower today.
An overlooked & undervalued stock IMHO
Jolly
Indeed, I've just added, I think this looks a compelling sector and GB is one of the biggest in it.
Sit, wait & be patient I think on this, not that I've been a holder for very long, but have watched its meteoric rise and its even faster decline until it just looked a no-brainer...
Time alone will tell.
Everestingly
Agreed, I chose it for recovery over Liontrust as it seems an easier company to understan
Actuary/ade
I had quite a significant holding in this trust for quite some time but ultimately the lack of capital growth encouraged me to sell about two thirds of them recently after their recent short lived spurt up as I was coming to the same conclusions, though I was never involved in HFEL.
Generally Aberdeen (or whatever they call themselves now) trusts have been a sad shadow of their glory days especially compared to the likes of Allianz trusts, for instance.
LWHL
Agreed, in fact I have always thought, & after watching this weeks webinar my feelings were reinforced, that this is a well run business in a cyclical industry which is probably at the bottom of its cycle, hence an excellent tuck away.
Taser
I agree with you, I recall that the CEO has a large stake hinself and the institutional investors look good, various specialists in small cap stocks & a small cap video puff I saw very recently mentioned them saying that the CEO never bothers to promote the company but may well look to sell as he could be retiring soon, not sure how true that is but the lack of divis doesn't bother me, many US growth stocks pay no divis & prefer to reinvest.
I'm attracted to this because of the sector, WATR's value to the sector and the general lack of competition allowing it to build up strength & coverage.
The fact that they are using profits to buy back areas from franchisees also encourages me as that should mean greater profit sooner rather than later.
Shamtown
I am with you, I always feel nervous when a CFO leaves at such short notice unexpectedly, especially when their webinar recently indicated everything was starting to look sooo much better...
Shaperite
I totally agree with your summary, FD's view on the accounts and their quirks has been consistent & correct over the years I've been on this BB.
My gut when they were at 30p & below that they were trading like option money was not wrong either, every dog has its day, but some on this board don't seem to appreciate the headwinds facing MARS currently.
Not the least of which is an apparent aversion to alcohol intake by the younger generation, something I never expected to see in my lifetime but by the number of pubs closing in some parts of the UK this seems to be hurting.
In your research int MARS did you watch the vox markets video Friday 5th where they focussed on leisure & in particular on brewers and pubs ?
If you had you would have seen them discouraged by MARS because of the debt.
I think it is well worth a watch on youtube if you want to see independent research.