Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
@jiffybag 17;00pm
Thanks for the link to the recent D.T interview, nice to see it put on another days post to update all what peel hunt feel about DEC. Although i thought the guy being interviewed, Matt seemed to trail off at times, speaking in a soft vocal fry, croaky voice. Better to see little but often in buy backs than nothing at all, maybe peel hunt using different tactics than big buys which may increase the sp too much in to overbought territory, speaking in technical analysis. Just some thoughts. Imho
Dazzle
@sd235 11:29am
The recent peel hunt interview couple of days back mentioned by |DEC not using the rcf they save over the longer term in the figure/date mentioned 2.75% pa buy paying of the debt from fcf saving 30% in 2030. That plus share buy backs although small and incremental do make a difference longer term…are investors willing to wait that long? Depends an their relative piece of string.
Dazzle
Notrex
I understand yah pain and grievances, has anybody vote against Rusty being made? CEO? Did anybody voted against the dividend cut? (use it or lose it? So to speak? That’s what voting for and it will send a message to Rusty that we over upon I’m not amused.
It is what it is, unless investors have more/use voting power against board antics then they just have to put up or shut up for the time being. Or sell out to a better paying company with better paying divvy.. best email doug kris (good luck with a reply)
Imo according to the tech analysis there was a head and shoulders pattern formed and we headed down to the neck after the highs recently and we hit the lower gap/window of around £10.79 but the USA gap window was only slightly lower around after $ ex-rate to £10.59 ish from memory. So i am hoping what with weak holders bailing and the share buy backs slowly kicking off ( or kicking the can down the road a tad) maybe if they buy too much it goes across a thresh hold of efficiency.
Write to or send email to DEC BoD of your concerns, not that i think anyone will as we have a dum down mentality of putting up with sh.ite and not complaining but moaning or whinging rather than be pro active and do something about it.hense the state of the U.K. in general imho.
Dazzle
@notrex
not quite true, as DEC did a large buying a month or two ago that was large in size…. Reading from those in advfn they seem more positive inclined about the dividend payments being 29c or roughly (after wht and £/$ ex rate 20p) that for the next three years the divy will be, cough (with out rusty recalibrating again) fixed at @29c. Now assuming the re-rates for DEC hod up and the SP does climb. those buying in then/later will have a smaller % yield than to those who have bought in around say £9-£10.50. Isn't that a good thing? And with the debt being payed off by half by 2026 this will defo move the SP somewhat. Would not look good if DEC reduced divvys again with more fcf in the bank as it can not ALL go towards acquisitions? If the DEC (SAM) model holds up then money saved paying off debt there after surely will either proportionally be added to the dividends and all share buybacks Which wouldn’t be as cost-effective at higher prices surely. So I wouldn’t roll out increasing the dividends after three years. Just my thoughts.
Dazzle
This small pull back looks to close a candlestick gap/window on april 10th £10.79
Dazzle
@notrex 16:27pm
As hard as it may seem be the better person and not bite the worm on the hook, you seem to have a head on your shoulders it be a waste of tie spending it on court jesters… something for you though if you are interested i have had a look a the shorters register when the main initial prices started to go up from 15th- 18th December 2023 is when news of share consolidation and starting on the NYSE this i can assume for now is the catalyst for the shortest to start there plan. Obviously since then, you had the two committee meetings and the dubious shorters report on top of that say looking around £13.63 roughly when that happened. The share price channelled sideways from £10 down to £8.30 until breakout on the 8th of April from that consated channel next resistance is roughly £12.30.
There was a slight gap up in American market On the 8th of April are they high of $13.01 which has not been filled yet (possibly next week) not all of windows/gaps get closed but the longer it trends up there is a possibility of a fat finger happening to close it…i suspect if DEC release more strong financial results then the trend will only keep going up..
Would of liked to see more (aggressive share by backs) as i am wondering at what point would consider the buy backs NOT beneficial, as they can buy them at half the the price in old money around roughly 60p+ at the mo. Unless they are happy to buy them £ for £ sometime in the year ( happy days if the SP gets back to £1 old money, £20 in new money) would help a lot of people who got caught out and couldn't avg down.. just some thougts have a great week all and enjoy the grand national.
Dazzle
£11 it gapped up from yesterday close
Typo
Sorry not £42m per quarter but £21m roughly…misread pickedpeck lat post on shorters so appologies
@pickedpeck 11:11am
I would assume those whom averaged down like my self are coming into their averages now like you said pickedpeck but why sell out if DEC is a good Growth story doing what they say is on the tin…that savings from reducing the divy roughly £42m per quarter starting from now will help loads on the balance sheet and shore up the books…hoping that HH gas price climbs above $2- $2.50 where DEC likes it stabilised anything above that is a Brucey bonus from $3-$3.50 from memory is extra profit….anything made out side the headge is taxed at a higher/different rate which eats into profits so DEC like the sweet spot and play it stable albeit no more poiltical unrest to shake the gas markets to $10+.
Dazzle
@notrex
I agree with you, that skier1 remarks are harsh and unwarranted about dividends. Shows his lack of empathy towards LTH.
I just hope we see a REAL sp re-rate soon based on DEC recalibrated efforts.. maybe the competition are eyeing up DEC’s SAM model and that is pushing acquisitions?
Dazzle
As i mentioned in previous posts, DEC trading on the NYSE gapped down from $13.39 to the close of $12.03 on the 28th/29th of Febuary. There have been other smaller gaps/windows inbetween that have been closed. So i am hoping this will eventually do the same in the coming weeks/month if not sooner depending on trading/investor volume and buybacks.
This does seem with the current RNS that DEC are doing what they have set out to do. Lets see how the USE markets does currently as i type $13.07 (£10.33) either UK goes infront or the USA push there side higher….
Dazzle
@jim800 18:06
You are right there jim, i was just thinking of the people who bought in to rusty’s stoic speech in 2022 where he mentioned “i will never cut the dividend” and in old money its still half of what they should be getting for there bang for buck, oh how some have short memories….. if from last year high of £1.40 in old money, to the low of where it is now….and DEC did say in previous RNS “we dont know why the sp has dropped based on our SAM model” etc. even though they hedge two years in to the future …..i did say DEC is a hold for now, and i will get over the divvy cut.. just not the stoic company i thought it was..
Dazzle
Growth stock play at best, with a 5% divvy which may creep back up in a few years depending if rusty’s ready to recalibrate again…been looking around for more bang for buck 10%+ divvy payers around or above the £1.2 - £2 sp mark there are some.. to be honest although the new DEC fundamentals look great (apart from divvy) i just hope DEC can stick to this and deliver on it’s promises which now seem less credible.
Been a real eye opener following DEC up until rusty’s recalibration..lol. can understand why any funds who have DEC may have to trim the fat off the bacon somewhat depending on either a growth or income strategy…
Slight gap/window down from the USA market from 21st march $11:45 which will be needing to get closed at some point…could explain the uplift today from people buying/re- divvy buying into DEC for the growth part of the story..
Dazzle
Check out pure tech health tender offer to buy back its shares from more empowering investors (not sure if it is more in public or ii hands?) to compare what DEC would have offered for comparison.
Dazzle
@lutherl33 8:59
No problems lutherl33, not in the habit of giving tips or advice as they can go down as well as up and can leave a nasty taste in the mouth when stranger things don't go as expected, glad you got in below £5. As of writing it is around 9% as an RNS this morning showing results etc.. so just good timing on my part and you doing DD i hope lol..
I see people are still frustrated, best channel the raw emotions to better use and write emails to officially log a complaint and or concerns to: d k r i s @ d g o c . c o m
Best of luck, the more emails sent the validity and merit of concerns go up. Beats whining about it.
Dazzle
Lutherl33 @13:40
Got a few more but they are in funds or over sea in USA so have a small fee/taxes etc. but if i can say from recent experience it is better to have a consistent dividend yield with good fundamentals and good knowledge of the market it is in, than to spread yourself to thin where you have to make calibrations lol
Dazzle
Lutherl33@10:12am
No probs more than what most would share apart from their whinings.. best of luck
Phnx 10.24% yield
Reci 9.88% yield
I think they are uk based so shouldnt be affected by W.H.T like DEC if kept in sipp or stock isa , prices As at time of typing,
no advice intended and do your DD.
Trek you seem consistent in your trading /investment strategy of not getting too burned at the stake, could you share to the rest of us mere mortals some tips so that they don’t over cook their stake next time..and reduce losses. I have avg down to 52p old money. But to be honest now at around £9.11 the divvy recalibration seems pittance compared to what it was.. there is a another company around £1.18 with a 9.98% yield (at time of writting) with no wht or £-$ ex, in the uk with a consistent quarterly divvy of 3p hasn’t changed since 2017 or (recalibrated) either lol…
Lets keep this BB civil from personal swipes and EGO. Headless chicken syndrome only helps the market too lose your money quicker. So put all personal inner hulk anger aside for the time being and put yah Sherlock and Einstein caps on..we are all in the same boat in this BB and oher chat forums so lets help each other to beat the system and reduce losses…
Dazzle
i dont know i think something is off about the way rusty and co have gone about this. i could be wrong but if the sp climbs back up to £1 old money and dec have been re rated to do so and more, doesn’t that affect the % of the divvy yield.. ie before the rusty recalibration (divvy cut) the divvy was at 87.5c p/q or $3.50 p/a roughly $41mil p/q at 30% divvy this would be reduced to roughly around 10% if the sp went back above £1old money ( £20 from 20-1 split in new money)? so this new divvy cut/recalibration what will the yield be if or when the sp climbs higher?….
also, this hedging is meant to pay for the divvy with in each quarter at least 40% of fcf.. of course rusty’s new plan to buy buy buy new assets with i presume most of the fcf and maybe helped with a new finance facility restructuring…although i may be confused with the numbers and accounting side. in principle and i agree with notrex with the banks ok’ing rusty finance facilities in 2022 - 2023, seems dec have gone on a spender ****** with new opportunity knocking on there door ( how many more times will they do this? at expense of lth investors now being reduced out by bigger ii, who may dictate or have opinions in which direction dec should be going.. think of blackrock?) i’m just saying thats all.
i agree everything else seems rosey for now? apart from the divvy debacle which seems to be going up and down left and right in a quantum realm of its own to suit rusty’s recalibration theories which seem to change every other year..
ps: not long ago dec put out an rns saying we don't know any cause why the sp is so low as it hasn't effected the fundamental running of the company ( unless those of you are hiding under a rock or have short term memories) keeping ahead with all these different changes is getting dizzy, i think rusty should keep things simple to his original mantra..
but saying that kudos to him for being somewhat transparent the other day in the web interview with directors talking..
just my rambling of imho for the day, no need to post more to clog up the bb, yeaterday started off ok with objective posts then gg got a few hooked (again)..
dazzle
Was watching the interview on directors talking..guess lse censored the post. Sorry
Dazzle