Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yeh, agree that its likely to sink further, I think it hit 700s briefly last time a day or so after initial plummet. Although he still holds a chunk, Murdochs 10m sale flagged this weakness to some degree this time.
Another buy for Setanta last week, assisting us here again today. Looks like their philosophy is being applied strongly to Saga.
https://www.setanta-asset.com/investment-philosophy/
"The Mail on Sunday can reveal that Saga boss Patrick O'Sullivan has held crunch talks with Elliott Advisors since it bought a 5 per cent stake in the company a month ago."
Er, nothing like a Mail article for detailed investigative journalism!
Obviously the first thing they will be doing is pushing the BoD to select a like-minded (pro-active) replacement for LB, asap, none of this sail- off-into-the-sunset in January nonsense. That should provide immediate impetus to the SP. Only if they can achieve that will they stick around for some real action.
or a quick chat.
Https://www.thisismoney.co.uk/money/news/article-7367459/Saga-boss-Patrick-OSullivan-meets-U-S-activist-investor.html
She's in to divest Spain operation imo, with Crystal backing her via another increase in their holdings.
Yes Dar, Positive news for us holders & Crystal Amber do seem pleased:
https://www.bloomberg.com/news/articles/2019-08-12/northgate-s-new-chairman-plans-review-of-van-rental-company
"Northgate said earlier in the day it appointed Palmer-Baunack, 55, to the position effective immediately. She is also executive chairman of BCA Marketplace Plc, the online used-car seller being acquired by TDR Capital. Palmer-Baunack previously helped lead a turnaround at accident management company Redde Plc and was chief executive officer of Universal Salvage Plc until the company was sold in 2007.
“I won’t comment on any potential disposals, acquisitions or restructurings, but this will be a business that will go forward under my chairmanship,” she said. Shares of Northgate were up 1.8% at 8:45 a.m. Tuesday in London, giving the company a market value of 446 million pounds ($538 million).
Crystal Amber Fund Ltd., the U.K. activist investor run by Richard Bernstein, said it welcomes Palmer-Baunack’s appointment. The investment firm, which owns about 7% of Northgate, called for a shareholder meeting earlier this year to oust the previous chairman in a move that led to his eventual resignation.
“The board has listened to its owners and brought in someone who has not only extensive experience in the automotive industry, but more importantly, an impressive track record of not being afraid to make business decisions and to deliver for shareholders,” Bernstein said in a statement.
https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=TSCO
Only three weeks until 15th Aug Ex Divi date. Hope to see a rise back to the recent highs at least, if sentiment and Boris are obliging in the meantime.
.. or maybe by starting rumours in the press, someone wants to dump their stock?
https://www.thisismoney.co.uk/money/markets/article-7267591/Is-boss-quit-hugging-row-poised-win-Ted-Baker.html
Games? Not sure what you mean. The implication of the swap is that Elliot wants exposure to the stock, which I'm hoping is to achieve capital gain (and divis). The voting rights transferred to him. So although not the actual equity holder, it's definately an interesting move.