Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Spoke with some brokers, Ben is quitting because he has been doing this job from Dubai/Australia so the hour shift was tough and he wants to spend time with his family. On a side note, if the company was performing poorly and CEO would leave, you might think it's a sinking ship. That’s not the case with CNIC as operational momentum remains strong.
Michael is an ex PE guy and is the 'brain' behind the M&A for the Online Marketing segment. He also joined in 2009, at the same time as Ben thus knows the Online Presence segment/industry very well.
Buy Back: always positive but the new CEO wants to send a message to investors "shares are cheap". Brokers told me they target 1 to 1.5% shares outstanding so would result in a c. £4m outflow from Investing cash flows.
STRONG BUY
nice drivel f15jcm.
echoing ggrantsu here, you accounting knowledge is way too inferior for you to be allowed to post on this board.
1) Ignore adjusted numbers in most businesses
2) build your own cash flows. Nothing dodgy in their statement, OCF use reported PBT as a starting point and adds back true non operating expenses (D&A, share based) but does not add back "non core operating expenses and FX gain" which is the right way
3) there has been only two marginal restatements, none being red flags. Looking at the number the word "restated" appears is just meaningless.
"(i) Revenue has reduced by USD 1.4 million due to the recognition of liabilities for prior period credit notes
(ii) Amortisation of intangible assets has increased by USD 1.0 million due to a restatement of intangible assets"
STRONG BUY
agreed but the RNS does not read like the 'buy and build' strategy is about to stop!!
"· Pipeline of earnings enhancing acquisitions well developed, and in a strong financial position to capitalise on opportunities"
"we remain well positioned to benefit from the opportunities within our pipeline of earnings-enhancing acquisitions"
"we benefit from significant bandwidth to continue successfully accelerating our growth via bolt-on acquisitions"
1) Had a discussion with brokers, a huge institutional manager faced redemptions and was liquidating CNIC over the last few days
2) Had discussion with CFO, the £30.5m FX loss could well reverse as the EUR/USD strengthen and is a non-cash impact ie. FCF generation (thus intrinsic value) will not be impacted.
STRONG BUY
what are you all about?
adjusted numbers are meaningless.
All reported numbers were growing and the only margin reduction was gross profit margin.
net income margin expensed 310 bps.
brokers are useless.
I hear you guys - I am in the same band waggon 10% of my portfolio is in CNIC. had the opportunity to meet Ben many times, he as frustrated as us... always heard you need to be patient, trust me, our days under the sun will happen. I am continuing to accumulate.
bunch of crooks - avoid.
my 2c: they load up on shares options which will automatically vest if they get acquired. They drive the price down to attract buyers. All of them so full of shares now that it will probably go at a 50% premium and make the lot multi millionaires.
avoid this circus
this is bad, whatever way you look at it.... management playing on adjusted metrics which are frankly meaningless.
Reported metrics are down from EBITDA (-9%) and Net income -36%. Margin compression across the board: GP -8%p, NI -3%p, cash conversion -3%p...
I mean if the stock was cheap i'd pass on but here it's 23x fwd p/e, 16x EV/fwd EBITDA...