Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Good news, at least we know when, but i expect profit before tax to be minus 8.4m with the loss attributable to holders of the parent, minus 5m, diamond prices are at a low point so we just have to wait for them to recover.
Cannot find any news economic or political to explain the falling sp, also diamond prices haven't fallen enough to account for this either. Any explanations, didn't see anything in the accounts that indicated the ship could sink quickly.
What im trying to work out is the Nationality of top Shareholders and political risks in relation to them. If they have any ties to Politicians/ Government.
Thanks Sotolo
Who are the majority shareholders ?
Please discuss. If 54k ct sold at 1,400 = 75.6m - 10 m Royalties and selling costs, - 63 cost of sale, ( if cost of sales same as H1 22), - 5 m corporate expenses = -2.4 m underlying EBITDA, depreciation and mining asset amortization - 4m, net finance cost - 2m, loss before tax = 8.4m, income tax 0,
loss attributable to non controlling interest - 4m, loss from discontinued ops -1m, loss attributable to holders of parent -5m.
Please give opinions on these numbers and expected Q2 average sale price and your expected H1 profit/ loss.
Q4 561,624 ct sold for 49.9 m = 89 usd per carat, this figure doesn't make sense?
Mcap does not reflect assets, revenue and profit high percentage of Mcap for the upcoming H1TU, i expect they have utilised the credit facility, expect average sale price to be lower but we should see lower costs aswell, sp may move a bit lower but reversal will occur soon if not on a fundamental basis then on a technical basis.
Positive news and evidently on track to put out good FY results, we are to see net debt reduction of around 120m through 2023 and 2024. Sales up over 10% on 16 week and 42 week 2022 comparisons, there is upside here and that also includes any surprise bids for assets.
Net Assets 65bn, deduct 19b deferred tax asset and 27b goodwill = 19b Net Asset Value, thats all this rubbish company is worth.
Does anyone know when Q2 TU is and when is the next dividend?
2016 low of 77p, EPS 5c, Net assets 200m.
2017 low of 73p, EPS 22c, Net assets 228m.
2020 covid low of 32p.
2023 low of 76p, Estimated FY EPS mid/ high 30 with estimated FY Net assets 700m.
Dilution of around 10% has occurred but this still puts current valuation into perspective.
Current asset of inventorys 3.4b, what is this comprised of?
We have net cash but moving forward into my predicted economic condition, current asset of inventorys could be written down, thus eliminating net cash positions . Opinions please on economic outlook and current valuation here?
1. Marstons in there H123 claim overall 93% of debt is hedged for interest but in FY22 1,121 of debt is fixed at 5.2% and 531m is at floating rate.
2. 300m Bank facility 217m drawn leaving 83m estate 120m hedged, what about the remaining 180m?
3. 40 m private placement cannot locate rates.
4.Securitised debt in 2005, 800m of secured loan notes against 1,592 pubs with an additional 330m against 437 pubs equals 1,113m against 2,029 pubs but as of now Marstons operate 1,440 pubs, how many do they own? Carrying value of secured pubs 1,166m as of FY22, number of pubs secured unknown, is it the case that the company borrowed 621m and secured this against a number of it's pubs which have a current value of 1,166m and of the 621m, 120m is undrawn,
cost of secured debt 5.1 or 6%.
5. Finance cost of 91.9 m for 2022 and 93.4 m for 2021, are we expecting 2023/24 to be the same as these figures here.
6. Lease liabilities 382, other lease liabilities 338, lease liability debt cost 30m minus 11m lease income, is this accurate ? Do we expect lease liability debt cost to revise or remain?
7. Risk suffocating debt cost, economic directions, high interest rates, less disposable income, less revenue and profit here impacting debt servicing ability.
8. Strategy
Significant sale of assets of interest in CMBC gets the debt low, less debt service cost.
What is the guidance for 2024, what is the estimated PAT and EPS?
Thank you Tharisa its a very good read, well set out and informative.
Anyone think the Q1 update was strange being just a statement with no numbers.
What is the expected annual pgm output, and when is first production expected?
Markets nervous over US debt ceiling but it is just a pantomime, analyst's say we will see a green run across the markets once they lift the ceiling, analyst's predict 45p short term, they've highlighted hostile takeover rumours at an opportunistic 75p, they also claim of an unnamed fund seeking to take or increase by 5%.
It appears collective west will soon sanction Rusdian diamonds, may push up diamond prices and benefit Gem, in relation to SP entire market is down and we are just moving with the tide, analyst's suggest profit is high in relation to mcap and operating costs are moving down.