Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The annual report and PwC audit report was published yesterday on the S4 Capital website. Having read through it briefly it looks like it is s clean audit report - though they did have to restate revenue to get it signed off (think this was circa £6m or 1%). Also no bonus for any of the directors this year due to the late accounts!
Link is here:
https://www.s4capital.com/data/production/2022-05/S4Capital%20Annual%20Report%20and%20Accounts%202021_0.pdf?VersionId=HRjoWF.h9eS9yy0HlSgvFTJ5aU2t8sUh
Share price just gone over 356p. Looks like the break out is here.
Its broken 350...
I see there was a £1m buy at 16:35. Someone thinks this is worth investing in...
Now up 11.5%...
Now up 11%...
Now up 10.5%! Where will this end?
It was 3 weeks ago today that we got the second results postponement RNS. Do you think that PwC might have asked SMS for an extra 3 weeks to complete? If so results are imminent...
If Sorrell was telling the truth when he spoke on Monday this share is guaranteed to go up 30-50% once the results come out. Its as simple as that - if you think he was being honest it's a no brainer to buy in as much as you can now. If you think he was lying get out or stay away!
Up 10% on the day now...
Perhaps we will get an RNS after 4:30 today?
Something is definitely going on...
The link (again):
https://finance.yahoo.com/video/elon-musk-tesla-data-system-141112841.html
I've just watched this. It's a must if you are trying to work out what is going on. SMS was holding back a laugh when he got questioned about the circumstances of the delay and when they would be resolved. He explicitly said that results are expected to be in line with market expectations and that the audit work by PwC would be resolved in short order. He said that if there was anything materially adverse it would be a requirement of both PwC and S4 to report it to the market. If there was anything adverse going on he would have been blatantly lying to the camera. I strongly suggest you watch the clip.
The 535p is before adjustment for the rights issue. Adjusted it was 342p on 24 November 2020 and we are now miles ahead of that.
The 'dilution' of the share price took place on Friday 8 January 2021, when the shares went ex-rights. This is how it always works (mechanically) with rights issues. I've been saying this for the last three weeks but been continually been shouted down by derampers with their own vested interests - most of whom seem to have strangely now disappeared from this forum...
If there are any ups or downs in the share price between the ex-rights and the share issue date its got nothing to do with the right issue, just the normal movements of the market.
Closing price now up to equivalent pre-rights price of £6.97, up 39% on the 7 January closing price.
Now up to £4.12. This is equivalent to a pre-rights issue price of £6.84.
Remember the pre-rights issue price was about £5.00 on 7 January so a 37% gain so far.
Alexey Mordashov and family own 25% of TUI,
Its because its a fully underwritten rights issue. The underwriters (a consortium of banks) have agreed to buy up any shares not taken up by existing shareholders via the rights issue (i.e. the rump). Underwriting the issue guarantees TUI that it will get its money. NB the underwriters are getting a fee of 2.00%- 2.75% for doing this - and get the fee even if they do not have to actually buy any shares!