Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Suppose you own 100% of a company and the company has 100 shares each with a value of £1. You reduce the number of shares to 76 and pay yourself £24. You still own 100% of the shares but the company is now worth £24 less than it was before because you have taken that money out of the company. However you still expect to make the same amount of profit each year and you are going to distribute the same amount, say £10. Now instead of paying a 10p dividend for each share you pay 13.1p per share.
With this share there is only patience. With good news it will rise, bad news it will sink, no news it will drift. Currently we are drifting.
The sale to Rosetta from Schroders only went through on 15th March although it was announced in January. Schroders had a clause saying that the sale price could go up if Reneuron’s share price rose dramatically in the interim. Interesting to note the clause was there suggesting that Schroders felt there was a real possibility of the SP soaring. Also interesting that Richard Griffiths bought a larger stake once this clause lapsed...
I think you are right about Woodford, Schroders took over the management of WPCT and renamed it SUPP and now they are almost out
Good spot! I see that it is a partial sale. It will be interesting to see how much of their holding they have sold on. If they have sold exactly half both will be below the 5% mark.
Trying to predict what the major shareholders might do is relatively straightforward. If a buyer comes in tomorrow and offers 150 a share on no news they are going to ask why. The share price is going to be driven by news, good or bad. There seems to exist a strong possibility of good news in the relative short to medium term. If the news is there then the price should rise. If there is no news or bad news the price will probably drop. The institutions have invested because they see potential and they won’t (and can’t easily) sell on share price fluctuations. Private investors can sell much more quickly should they wish but I believe that most of us here aren’t day trading this share.
The BOD all bought shares at around the 220-240 mark in April 19. I don’t think they would sell at 150.
Schroders took over the management of Woodfords Patient Capital it is now SUPP so they haven’t sold out yet although I believe the other two Woodford funds liquidated anything they could as quickly as they could.
The company is now in a strong financial position for the foreseeable future. In this context any positive news means that the company and the investors are not vulnerable to hostile takeovers at a knock down price. We don’t need other people’s cash to keep going.
I believe that the placing and the open offer were timed to proceed any potential good news. As you needed to own shares before the announcement of the open offer to benefit there was a clear reward available to existing shareholders. The directors bought in, the institutional investors bought in, the ordinary shareholders bought in. We could all be mugs or maybe there is some good news on the horizon...
I applied for double my allocation and got 78% of the excess application.
So the “Placing” for select II’s and directors was over subscribed, the “Open offer” available to anyone with 9 or more shares at the eligible date will be over subscribed because the II’s are also eligible for the Open offer and can, like the rest of us apply to scoop up any options that are not taken up and obviously the whole thing will get nodded through. So it seems to me that all of us here are pretty committed. We can see the upside, we know the company can continue now for at least 18 months, the downside hasn’t changed so who is selling? Surely this is the beginning of the most exciting phase for this company and with limited shares available it can only be the worst time to sell, have I missed something?
One very brief point, I appreciate that you don’t feel any loyalty to that area and I don’t criticise you for that but I believe that the founders (and still very large shareholders) feel a tremendous loyalty to Leicester. I can see the argument that moving operations to a cheaper, unregulated environment might lead to greater short term gains but not only would it demonstrate exactly the immoral streak that the MSM is trying to tarnish the brand with, it also disregards the whole business model of being able to supply the most popular lines at super quick speed.
No offence taken Thunder. The people of Leicester with the loudest voices are the ones we are hearing, the little guy’s voice is often ignored. Don’t expect to see any articles that are positive towards Boohoo in the MSM. Let the trading updates and results speak for themselves.
You couldn’t be more wrong. Moving out of Leicester would hollow out the city and lead to great hardship for the locals. Despite the political outcry from the MPs in the area, Boohoo has supported the industry of the area instead of shipping it abroad to unregulated countries where slave labour is the norm. They have made mistakes as the MSM have gone to enormous lengths to point out ad infinitum but they have also committed to put things right, keeping jobs in the uk, supporting the local economy and the national economy. Sell your shares (if you have any) and think they are a dud and leave this board.
Constructive criticism is welcome but trashing the company to bolster the credentials of a rival is nothing more than drivel.
In the RNS they intimate that the placing is EIS eligible although they caveat that with they haven’t had that confirmed by HMRC so independent advice should be sought.
As part of the placing news they indicate that a milestone payment from Fosun of £1m is expected (net £900k)
Employee share ownership plan.
I think you will find he is out. The RNS was for three transactions, the first dated 5th March 2019 when he crossed the 3% threshold and took a 4.98% stake. The share price then was around 70p. On 12th April 2019 he went from 4.98% to 3.59% when the share price was around 236.5 and on the 15th April 2019 he went below the 3% holding when the share price was about 310. I suspect he sold out completely at that point.
@oxygen Think deeper, you can and you should.
Think deeper, you can and you should.
BTFATH1 you are being played. We all know which shorter is profiteering here. Backed up by unsubstantiated reports of modern slavery in certain left leaning papers. These leaches don’t contribute anything to society.
Boohoo does contribute a lot. Not just by supporting thousands of jobs throughout the supply chain but also by allowing the youth of today to dress like their favourite celebrities without charging the earth. Current conditions have sapped the joy from life and one of the few ways that we can put a bit of happiness back into the world is rely on the delivery of a new piece of clothing to cheer us up.
The recent press coverage was not an attack on an unscrupulous company profiteering from slavery rather a cynical attempt to profit from a twisted sequence of events.
The most traded company of the day, close to 50,000!
Crickets are chirpin’ the water is high
There’s a soft cotton dress on the line hangin’ dry