Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
If anyone wants to make serious money, then just buy and hold for the upcoming JV news.
Last placing at 1.50p. I'm expecting a bounce back to 2p
https://www.youtube.com/watch?feature=shared&v=OLtoKpXsJoU&ab_channel=LondonSouthEast
Helium discovery in Tanzania: Helium One Global discovered a 4.7% helium concentration in the Rukwa Rift Basin, marking a significant breakthrough. This concentration is nearly 9,000 times above background levels.
➡️ Economic potential:
This discovery could position Tanzania as a major helium supplier, joining the few countries currently dominating the market. Helium is crucial for various applications, including medical equipment, electronics, and space exploration.
➡️ Helium One Global holds prospecting licences totalling more than 2,965 Kilometres Square across three distinct project areas which are Rukwa, Balangida, and Eyasi located within rift basins in the north and south-west of Tanzania.
➡️ The Company’s flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900 kilometre square in the south-west.
➡️ Today, helium is pro- duced primarily in just four countries including in the United States of America (USA), Qatar, Algeria and Russia, whereby limited number of suppliers result into an increase in demand and its price worldwide.
➡️ According to the African Union report, the continent has 30 per cent of the world’s mineral reserves with 91 per cent of platinum and hence it is up to all countries to harness the resource for the continent’s socioeco nomic transformation.
➡️ Government support:
The Tanzanian government is committed to supporting exploration for critical minerals like helium, which aligns with their clean energy transition goals.
➡️ Investment opportunities:
The discovery opens investment opportunities for establishing processing facilities and manufacturing industries using helium in Tanzania.
Key points:
🟢 This discovery could significantly impact the global helium market.
🟢 Tanzania has the potential to become a major helium supplier.
🟢 Further exploration and development are needed to assess the full potential of the reserves.
🟢 The government and private sector are collaborating to exploit this resource responsibly.
WoW just WoW - 90, 75, 35 millions of BUYS!
28-Mar-24 14:35:37 0.17 75,000,000 Buy* 0.165 0.175 127.50k O
28-Mar-24 14:15:28 0.1702 35,000,000 Buy* 0.165 0.175 59.57k O
28-Mar-24 14:15:22 0.1702 90,000,000 Buy* 0.165 0.175 153.18k O
Itsarm plc
Cancellation of Shares to trading on AIM
Itsarm plc (the "Company") announces the cancellation of admission of its ordinary shares to trading on AIM, pursuant to AIM Rule 41 ("Cancellation"). Cancellation will become effective at 7:00 a.m. on 2 April 2024.
The Cancellation follows the Company's announcement "Suspension from trading and corporate and financial reporting update" on 27 September 2023. Unfortunately it has not been possible to conclude a qualifying AIM Rule 14 (reverse takeover) transaction.
Upon the Cancellation becoming effective, Zeus Capital will cease to be nominated adviser to the Company pursuant to the AIM Rules, however the Company will remain subject to the Takeover Code.
The board of directors will now commence the process of winding up the Company.
I've been invested in this stock since 0.11 and added to my position this morning. With a strong team and consistent positive news, I believe this company has considerable growth potential. A £50 million valuation seems reasonable after the JV news this monring, and even 100 million may be on the conservative side.
This was trading over 0.39p a few months ago without this JV deal.
All I can say is there seems to be significant accumulation of these shares.
There's potential for substantial returns here. DYOR
Compoundinterest, Here is the link:
https://www.proactiveinvestors.co.uk/companies/news/1044141/vanquis-banking-group-upgraded-but-risks-remain-says-investment-bank-1044141.html
Panmure Gordon has reversed its November downgrade of Vanquis Banking Group PLC (LSE:VANQ) on the back of the lender's prelims.
It has moved 'buy' from 'hold' on shares in the credit cards and loans group, which it values at 75p - around a third more than the stock is worth today at 56p (up 8.5%).
"What is more important by far is the company’s objective of getting back to earning a mid-teens RoTE [return on tangible equity] by 2026," said Panmure in a note to clients.
"We believe that this equates to a business making around £100m of adjusted PBT [profit before tax] and close to 30p of adjusted earnings per share.
Trading Suspended: Shares of CAP-XX Limited (CPX on the London Stock Exchange) have been temporarily suspended from trading.
Reason: The suspension is due to a "deterioration in settlement performance". In simpler terms, this means multiple trades of CAP-XX shares have not been completed with the transfer of shares and money as expected.
Rule Violation: Member firms of the London Stock Exchange have a legal obligation to ensure trades are settled on time. Issues are occurring likely because either investors or other parties in the trading chain are failing to meet their side of the bargain.
Continuing Settlements: Even with the suspension, any investors who already initiated trades that are "stuck" can still proceed to finalize them.
Restoration of Trading: The London Stock Exchange is monitoring the situation to determine when it's appropriate to lift the suspension. Investors will be notified officially when trading can resume.
What This Means for Investors
You Can't Buy or Sell Right Now: If you were looking to buy or sell CAP-XX stock, this is not possible while the suspension is in effect.
Existing Trades May Be Delayed: If you are in the middle of a trade of CAP-XX shares, it could be delayed until this issue resolves. It still can be completed, but the timeframe is uncertain.
Underlying Problems: This suspension points to potential instability either within CAP-XX Limited or among investors who frequently trade the stock. This could be a sign for caution even after the suspension is resolved.
✔️ Strategic update: The company's strong capital position and access to retail funding provide a base for expansion
1. Focus on the Underserved Market
✅Target Customers: Identified 23 million potential customers within the "under financial pressure" and "stretched but managing" categories.
✅ Market Opportunity: £2 billion (and increasing) credit deficit in their target market represents a significant growth opportunity.
2. Diversified Customer Proposition
✅ Addressing Core Needs: The strategy focuses on three fundamental needs of their target customers:
Help with healthy borrowing practices.
Control over everyday spending.
Building a financial safety net.
3. Expanding Distribution
✅ New Partnerships: Collaboration with H&T Pawnbrokers to reach customers who may not qualify for traditional credit sources.
4. Technology at the Core
✅ Ongoing Transformation: Technology transformation program is progressing as planned, promising long-term benefits.
✅ Leveraging Snoop: Integration of the Snoop acquisition will bring fintech expertise, data insights, and a new platform for customer engagement, product development, and distribution opportunities.
5. Enhanced Risk Management
✅ Improved data and modeling: Focus on "not yet" options to offer tailored solutions, potentially reducing impairment levels.
6. Driving Operational Efficiency
✅ Cost Reduction Initiatives: Completing offshoring, strategizing debt sales, improving collections approach, and driving technology transformation will lead to increased efficiency.
7. Leveraging Existing Strengths
✅ Capital and Liquidity: The company's strong capital position and access to retail funding provide a base for expansion.
Overall Assessment
The updated strategy paints a picture of a company pivoting towards a more customer-centric and data-driven business model. Their focus on an underserved market, expanded offerings, and technology upgrades aims to deliver sustainable growth and improved profitability.
Key Takeaways
Vanquis's strategy places social responsibility at its core by serving the financially vulnerable.
Growth will be driven by meeting specific user needs, not just product expansion.
The company intends to innovate while maximizing efficiency and managing risk.
Significant turnaround!
✅ 1. Rapid Improvement in Second Half:
Loss to Profit: The company turned a significant adjusted loss before tax in the first half of 2023 (H1) into an adjusted profit before tax in the second half (H2). This demonstrates the effectiveness of the new management team's actions.
Statutory Results: Even accounting for one-time items, the H1 statutory loss turned into a statutory profit in H2.
✅ 2. Key Drivers of Improvement:
✅ Controlled Growth: Management slowed the growth of net receivables (money owed by customers) to focus on more profitable lending.
✅ Repricing Strategy: Increased interest rates on vehicle finance and credit cards to align with the market, while protecting vulnerable customers.
✅ Provision Releases: Non-repeatable £74.5m release of money set aside for bad debts (IFRS 9 recalibration) boosted the bottom line. This isn't guaranteed to happen every year.
✅ Cost Cutting: Removal of 350+ roles simplified the operating model and will lead to long-term cost savings of approximately £60m.
✅ 3. Other Notable Points
✅ Net Interest Margin: Stabilised in the second half, which is positive in an environment of rising interest rates.
Impairments: Increased compared to 2022 due to a combination of factors. However, the company emphasizes that the underlying quality of their loan book remains stable.
✅ Capital Position: Maintained a strong Common Equity Tier 1 (CET1) ratio of 20.5%, indicating financial resilience.
Overall Assessment:
The new management team's actions have led to a significant turnaround in the company's performance in the second half of 2023. While some of the improvement is due to non-repeatable factors, their focus on strategic growth, cost management, and re-pricing bodes well for the future.
Pompal, no worries at all. Sometimes it's best to avoid arguing with random people on chat boards. Life's too short to waste on negative energy. Let's focus on making money and keeping our conversations respectful.