Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Market views this as transitional. Set against a tricky industrial backdrop, and wider UK macroeconomic uncertainties, it's wide open to being played, as obviously many instis are short and long simultaneously, and have to churn the SP to continue to generate return in the absence of trading news. I'm sure you are well aware.
Also dubious of many of the instant high gainers seen on Friday morning, but required as part of the game. They will be tested and gaps filled, as ever.
Tosca doubled up (averaged down). 12% ish now .
Harry,
Agreed. I fully expected Corbyn to get his marching orders, but for that endlessly guerning and gesticulating remoaner Swinson (a brazen example of everything wrong with modern politicians) to lose pretty much everything including her own seat too was brilliant stuff. A plague on both their houses.
Now, where's Santa?
Nope, the down trend was already reversing on Tuesday, then the CEO news yesterday clearly knocked that on the head, but picked the trend back up today with market anticipation of Bozo getting a decent majority. Should see 60s again soon Harry, tell your grandkids..
Difficult to see how this is a shot in the arm for this laggard company, but then the activists who presumably have an established agenda might prefer a, um, less than stellar, hands-off governor, rather than a fresh, bold, all action kinda guy. His track record and vague & cliched comments about potential have fitted the bill for someone.
What are folks' opinions on the possibility of Next becoming more involved / buying in here? They will not be overly keen on negative press this brand is receiving currently, so could act to assist this business, as it appears to be in favour with them.
Good start for Tosca. I do like to see funds get panned too.
New senior mngt, new corporate structures, new(ish) business model after a two year integration programme, current uk political & economic backdrop.. Going out on a limb here investing here currently, bounce aside.
Being traded on a dead cat? Or some buying in for 6p divi? Unfortunately the longterm trend here is poor, and this dropped quickly a down to a new low, so I suspect that will get tested again in due course.
Something seems significant about 300p level currently though while the moves go through, it had a dabble below yesterday and opening auction today was 290p, but straight back to 300? Maybe brokers got no idea whats going here either.
Does the combined entity jump into ftse 350 / 250?
Rns do nicely expose the shorts here, which ordinarily fca don't publish. Often short and long at same holder, lesson for me!
Fresh low at 298p intraday, iis selling it down to make this cheaper for a reason?
Next? Dilution for existing ntg holders (freebies which Redde holders then dump) while she's off chasing supposed synergies in differing businesses based in different parts of the country - RNS was strangely vague on those! Palmer-Baunack was not holding any here I guess so not too fussed, but I'd bet she has a few Redde tucked away direct or via pensions which have done well. Maybe she will divest Spanish ops for a few quid sooner or later.
ii still have it at play it safe though....
https://www.ii.co.uk/analysis-commentary/stockwatch-are-ted-baker-shares-bargain-yet-ii509806?utm_source=IBMW&utm_medium=email&utm_campaign=Weekend_round_up_newsletter_301119&utm_content=&spMailingID=7964932&spUserID=MTI1MDU0MTk3Nzk3S0&spJobID=1393887339&spReportId=MTM5Mzg4NzMzOQS2
Maybe next week, eh!