Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I Don't blame them I'd be buying too (to average down) if I had funds.
It will cost approximately £13 million to maintain the current dividend. Being optimistic I reckon they wiil maintain it but not increase it.
Any other direction of travel admits a failure of the Velocity growth plan.
End of year coming up but results in July?
I would have more faith in the board of directors who have implemented the Velocity strategy if they were filling their boots at this low price.
I need double this price to escape unscathed. Patience my man patience!
You clearly have crystal balls. Please tell me when to buy to reverse my misery.
Wave bye bye to the dividend. Something will have to give and I reckon it's the shareholders 6 - 7% payout.
Ripe for takeover for buyout company with a big stick as the core market is sound but the management sadly failing to grasp it.
Morning maccaroo. Bought back in at the near bottom? Let's hope you've got the midas touch.
Upward projector from here on in.
Sdy still tripping itself up year in year out up but the dividend is a softener for now as you know.
Next set of results in a few months so let's hope the construction market hasn't slacked too much.
Took the dividend this week and decided to cash it in. Patience is low with Sdy so decided not to reinvest.
Bound to bounce now it always happens.
Might need something bigger than an acrow prop to keep the share price up.
Gone ex dividend yesterday so should have bounced back today. Normally happens but not with Speedy.
Maybe view it as a good buying opportunity?
I'm all for innovation but as a shareholder this sort of thing makes me nervous with Speedys track record over the last few years being poor. Usually resulting in writing off a loss making venture in the annual results several years later.
Nice idea this eco energy but it costs more and in my opinion isn't going to boost the overall profits but I will wait to be proven wrong.
Results next Tuesday 6th and expecting dividend to be increased by 12% to 2.44p.
My forecast - Turnover increase by 16% and profit - goodness knows?
SPEEDY spent £30 million last year on share buyback then discovered theft of £20 million (that wasn't theft or lost).
Can they afford a dividend hike to reward us long suffering shareholders who have seen our funds dwindling over the last year?
It's concluded at long last. A total of 12.8% of the group share capital have been bought to the tune of £30m which numbers 67,713m shares.
Average purchase price was 44p not a great investment for the group as paying a premium to today's share price currently 37p.
One for the patient investor this one.
The company are continuing with the buyback to the value of £30 million which was allocated last January 2022.
Originally there was to be a maximum purchase of 10% of the 528 million shares in circulation but the last agm passed resolution to continue the exercise through to spend the full £30 million.
At the current and historic share price levels over the last 12 months I estimate that means in the order of 63 to 66 million shares will have been bought back some 12% to 13% of the total equity.
All this must be better in the long run for share holders? I hope so as my patience has been tested over the months and months. Construction is still booming so wait for the charge upwards and onwards along with the maintained and improved dividend.
I'd say that day is here and the 10% shares are now bought.
I'm Interested to see how much of the £30 million has been saved buying at these very discounted prices.
Upwards and onwards now but Hold tight could be a bumpy ride.
My approximation of the cost of the full 10% buyback is well below the £30 million allocated in January. I reckon the purchase of the 52 million shares has cost @£24 million then goodness knows what the Liberium charge. Maybe £6 million to round it up. Bingo- thats £30 million bang on budget.
The company was positive enough to propose to spend £30 million on share buyback - i thought they must have generated a pile of cash in order to do so. Obviously not.
Borrowing money to buy your own shares back not prudent in my book.
Maybe why the finance man 'chose to go.?
I'm all for improved dividends - the more the merrier especially coming in just after the Xmas excesses.
Bit too cryptic for me that comment - what are you saying?
Half yearly results will be posted 3 weeks today.
Expect to see great increase in turnover and profitability but don't see any relief coming soon 're share price uplift. Sit tight, hibernate and see what these look like in 18 month's - back to mid 50s which is where I need to be.
2 more directors believe in putting their money where their pay slip comes from too. id be buying too at this level but no spare to average down. 325000 shares between the three of them - not a bad indication of confidence.
Results out tomorrow - can't wait for the spike in share price so I can bail out and pause for breath. Hoping it will reach 57p so I can walk away and nurse my injuries. (joke)