Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Well the SP broke the downtrend last week and going well so far this week. defo change in sentiment and looking good.
...and in a bad market to. Shoudl hear about Divi next week for early May.
Trek, I have previously said 'each to their own' about you which I stand by, however, this board is about PHNX the company and not about trading strategies all the time. If I wanted to read that I'd simple go to the AIM rubbish stocks and read that style of posts. It is a shame you feel the desire to justify everything you do or do not so.
Phnx as a company has been around a very long time with a good pedigree, decent free cash flow and a great yield. I am down short term but remain relaxed as I know it is just a matter of holding for a few years and watching the power of compounding give me (hopefully) a very decent return. There is another way of protecting capital and that is investing in great companies or funds and riding the waves, all about timescales. Your way is your way, but others do things differently what matters is the health and potential of the company, which, in my view remains sound as my pound. GLA
make of it what you will but in the absence of any rns or capital market day that i know of it seems a back of a *** packet view to be honest:
'double-downgrade' from barclays.
the investment banking arm of the high-street lender moved to 'underweight' on stock in the long-term savings and retirement group with a price target of £5 a share.
in a brief note, it said: "phoenix faces insufficient cash from operations alone to support management's targets, a weaker capital position than peers, and a change in strategy from historical areas of strength to areas where the group is not meaningfully differentiated, in our view. targets may only be fully evident in 2027."
Https://www.polarean-ir.com/docs/librariesprovider37/archive/admission-doc.pdf
page 16 and page 50 are the key areas.
Los ... That is simple wrong. Read the IPO admission document and see the breakdown of the patents, expiry's and licence agreements. Duke own the vast majority and a lot due to expire in the next few years, hence hatchwaxman application and protection. There is a reason the CTO is from Duke and it involves risk free funding streams for their research. Polx own parts of the polariser but not the methodology. The IPO doc is detailed, as it had to be transparent from them to be listed. A company website... well ..enough said.
Different strategy for me...fully loaded for the following reasons:
1. Yield is covered and dividend policy will be progressive.
2. The company balance sheet will continue to generate FCF given forward earnings not accounted for
3. unemployment rate up and inflation nailed on to be lower tomorrow putting pressure on BofE
4. £ taking a hit and increasingly attractive returns to US based investors after their index meltdown
5. I just like the company
GLA