Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Redceo - If they have the ability to convince 110k+ people to go out on strike and temporarily cripple a large portion of a countries logistics then yes I'd say they were. Whether anyone agrees they should do it, or whether they have a bad attitude towards it all doesn't really matter.
For what it's worth I don't think what they're asking for is realistic, but I can see why they are chancing their arm.
The main sticking point is that the CWU know they basically can't loose. Playing hard ball and holding out for 10+% makes them look powerful and look like they're working hard for their members. If they get it then great, their members get a huge pay rise and will be ecstatic. If after all of this, plus some striking gets 4-5% then most of their members will think that's reasonable and be happy. There's no incentive for them to be reasonable in the negotiations yet.
Because we're in a bear market and this is a stock that is being shorted. Bear markets have sharp saw tooth movements but ultimately the direction is down. The market showed what it thought of the update. Rule of thumb, if there's been no news company or macro specific to justify a turnaround then it isn't one. It's just day traders making money.
JBTHISTLE - I completely agree everything I listed is affecting nearly all companies. But how does that help the holders here? Surly your not happy to just say oh well, everyone else is losing loads of money too?
I don't hold any here currently, I sold out at around 480 for a small loss because I didn't like the look of the gathering storm. Lucky guess because it could have gone the other way and was before the war kicked off.
I keep an eye here because I think it's going to be a good long term hold and is undervalued. But I wouldn't buy yet as I don't see how there's any news (company specific or economical) coming to turn it around.
Reasons like; double digit inflation, potential strike action, massive increase in wages regardless of strike action, fuel increases, massive recession coming.
If you think rmg will be spared in a bear market you’ve got a shock coming. Never think something has fallen so much it’s now a no brainer. Prices can undershoot just as easily as overshoot.
Surly this now has to retrace to the 200-225 level just before covid hit. The market has shown what it thinks of these results, the shorts are going to make a fortune and with an impending recession there's literally no news that's going to turn this around surly?
Time to either ride it out, top up or sell out. Then wait for the recovery (of everything not just RMG) towards the end of 2023.
Seems sector specific though. Wincanton up too?
No AS, you just don’t like anyone replying or stating any opinion that is different from your own. Then you just resort to sarcasm, rudeness and being dismissive.
With an attitude like that your never going to learn anything new. Each to their own.
Yeah, fair enough. You sounds calm…
AS, it doesn't matter about the fundamentals of RMG to a certain extent. Clearly you haven't learnt yet that markets are mostly driven by sentiment and forward looking. What sort of person would want to buy a company where their profit was dropping by 200m, regardless of whether after that they were still "good value".
Investors are like pack animals, learn to mostly follow the crowd and you won't be sat here getting more frustrated by the day at a dropping SP. Either that or seek out a company you truly believe in and then stop looking. You're just going to wind yourself up more and more.
Once the attitude turns and money starts heading back into RMG it'll do great and you'll wish you had brought more. It just might take a while until that happens.
It will probably be because it factors in overheads that also have to be paid… annual leave, sick leave, computer equipment, gas electric water, cleaning, uniforms, pensions etc.
Where I work the overhead allowance for budgeting projects is 100% of the wage.
AS - so it’d make you feel better if I was a mindless ramper saying things like 1000p in no time lads, all headwinds are being imagined, strap in cos the sp is about to explode!..? Probably because that will make you feel like you’ve picked a solid share because some complete stranger thinks the sp is about to rise.
For what it’s worth I hate derampers and rampers in equal measure. But what I won’t apologise for is stating or trying to understand both sides of an investment case.
There’s been some strong arguments why the company is undervalued and I fully agree, and in time you’ll probably all be proven right. But don’t kid yourself there aren’t fair sized problems to be concerned about that could negatively affect the sp in the short and medium term.
Dowsie is exactly right. The people screaming manipulation only ever pipe up when the sp is going down. When it’s going up no one thinks about why that is, it must be because deep down I’m warren buffet! Maybe I should quit my job and do this full time. I’d be a millionaire! Give it a break.
Share prices go up and share prices go down. Maybe, just maybe the fact that little over 18 months ago it was at 124p and it’s now at 470p odd means it needs a breather before pushing on.
Everyone keeps saying it’s undervalued and giving a ton of reasons why. Well we could all find a ton of shares “over valued” and give reasons why it’ll fall. And yet they can stubbornly stay high for years and years. Maybe this will stay stubbornly low for years…
I find it funny you say I'm delusional when as far as I can see I'm one of the only ones who is seeing both sides of the story.
Maybe the real problem is your not an investor who can keep a level head, or have way too much in here to ever be comfortable unless its going up like a rocket. News flash, that's not going to happen.
As you've highlighted, they're temporary. But shorters don't care if weakness in SP is short, medium or long term. If they see an opportunity they'll take it.
As they say... follow the money!
Manipulation isn't the same as hedge funds shorting the stock. Yes what they're doing results in the SP falling but it isn't manipulation. Stock market manipulation will get you banged up for years, hence it doesn't happen in the way people think.
Just look at it objectively and you'll see why the SP is drifting/falling ahead of an update... inflation at record levels, upcoming wage negotiations while inflation is huge, fuel prices, Covid testing wind down, angry customer base because of lateness, news stories running RMG down every day due to service, extra overtime, extra seasonal workers (lots kept on) etc.
Stop burying your heads in the sand about why the SP might be falling and why shorters may be around temporarily and you'll be a lot happier to either sit and hold or sell and buy back later. Stating "manipulation" is just lazy.
This is not a deramp before anyone says it is. RMG future is very bright, but I'm not naïve enough to ignore there may be a rocky patch if profit misses expectations.
It's not necessarily manipulated, it's just that doubt and nervousness is starting to creep in temporarily with the results out soon. If what JPMorgan flagged is true then there will be a short term hit, especially with the shorters now lurking around as they try to exaggerate the drop.
I sold my holding today and am going to wait it out until after the results. If they're not as bad as the market seems to be thinking I'll buy back in for the full recovery. I'm annoyed because I wanted to keep them and believe the turnaround is a game changer for RMG. But I don't like the price movements since the shorts started registering on the company again.
Rising wedge still intact after todays rise.
525p the resistance, if this goes then it will re-rate very quickly up to 600p
813m is consensus. If they hit what they said at interims it’ll be about 820m.
It’s because you haven’t factored in GLS’s operating profit. It’s in the next line down from rmg’s being 500m.
The 404m is group operating profit.