Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Another major holding just annouced, 16%, all bought recently. What with the other two large holders plus the 25% in private hands it doesn’t leave a lot for us!
Does anyone know what the private hands means? I have not seen anything similar before.
Quite a number of lumpy trades this week all the sales being taken over at no discount to the bid price. It would appear something is in the wind particularly as GFM has a reputation of being a somewhat leaky ship. Next week could be interesting.
Griffiths with 16% , the director with a short 20% (cant remember his name) and 25% not in public hands the company could easily be taken over. I would hope not too soon as normal shareholders, us, deserve to reap the benefits that should surely come over the next 18 months.
The relevant part.
No change to my view here (what did you expect?!)
The share price is now at a small (5%) premium to NAV, but I don't think that's unfair. Remember that this vehicle has compounded wealth at an extraordinary rate for nearly 20 years now. A small premium for this sparkling track record hardly seems unreasonable.
If we deduct year-end cash from Volvere's market cap, we are left with an enterprise value of just £6.4 million.
With Shire earning (pre-tax) £1.1 million for Shire in 2019, the implied pre-tax earnings multiple is a mere 6x.
Some cash has been used to buy Indulgence, but I note that Volvere did not even pay a premium over book value in that deal. And there is clearly some potential for it to benefit from the association with Shire, as they are both in the business of manufacturing frozen food.
Happy to continue holding, then.
1500p must be the highest ever with quite a bit of two way trade. Certainly a long way from my first introduction to the eventual company being a disastrous punt in NMT,
Now my biggest holding and happy to hold to await further developments.
For our little company a huge number of deals and at one stage a very tight spread. Not normally a leaky ship but I wonder if something is afoot— another acquisition, more buy backs or an outright sale of the company? Too soon for the next figures.