Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Not a stock I know well but a 10% shareholder halving their holding today following a huge acquisition doesn’t fill me with confidence
Also operations in darker corners of the world is also a bit of a concern
Saying that seems like good cash flows and they do deals very cheaply
It’s just difficult to see value in total when it’s actually a pile of seperate businesses
I’d watch it and see if you can snag shares cheaper than atm. As I say I think markets will fall and all stocks will sell off with sentiment. A good example is JTC. Seems to always trade well but every few months the shares get hammered 15-20% on sentiment
Brooks Macdonald I also like but sold today. Again will fall if the market comes off
Just my views but great to share ideas. I appreciate and respect your insights
Thanks. Not really my thing trading on margin
See you here at 7am tomorrow!
How do you see that type of info?
Nothing from my side. Must admit I’m nervous for tomorrow. Restructuring costs and interest will hammer profits. Luckily as there have only been two deals since management can guide to strong cashflow for next year and hammer the message that debt repayment is now no 1 priority. I’d also support a raise of c.10% equity (so £55m) to wipe out debt quicker
All the above is superseded if we have a sale of TIC. I’m still holding for a sale of whole group at a good multiple. I think we are headed to difficult times and I’m already 60% cash
What else do you hold or are looking at?
Clearly something happening. I’ve had two calls this week from network panels asking for experts in fire safety to do industry calls
I’m not saying it’s Marlowe related but shows PE still very interested in this space
The shares are cheap but why buy? Growth will likely slow further in H2
How much of this years growth comes from new stores?
The old auditors used to put a rather lazy disclosure in to say that there was a rather large balance of lots of small balances which they weren’t auditing. These debts were old but deemed to be trading
I took a loss on these at £3. Id suggest forterra than marshalls. Less exposure to RMI or general “fixing up”
I see forterra as more likely for a bid as completed it capex and there is a natural defence from euro bricks been priced out of market
Barratts being another great example of why buy backs are always a terrible return of capital. £200m of shares bought at 450p. I’m sure the shareholders would rather have that £200m in the bank now or buying shares in the 300s soon!
Hopefully!
And assume you’re right re auditors. I’m very curious to know what the new auditors will disclose under trade debtors. The last auditors allowed a disclosure that I always thought a bit odd
Hopefully no issues with bad debts from SMEs
Keeping a watch on this. Profit warnings come in threes and we’ve had the first one. Full year expectations depend a lot on H2 being amazing, does the world feel like H2 will be better? I’m not so sure
Hang off
Sorry canary I’m replying to all. No offence your way
If the shoe fits etc
I jumped out of this forum re Apollo as this forum turned into a zoo
I think these partnerships are as I always said (although apparently im always wrong) ingenuity is a full end to end solution but it is not cost effective for SMEs. Without SMEs constantly growing into unicorns it is a dead horse by the time they get to the size where ingenuity makes sense they have already invested in or addressed all the problems of other solutions
Bigcommwrce wtc are platforms perfect for micro SME but have no ability for them to grow unless they bring in lots of third parties…ingenuity is a the perfect solution for them to grow into. For ingenuity this brings the steady stream of unicorns it needs
The issue here is shopify. Which beats all of these at the SME level and now has the ingenuity capabilities either in-house or directly with proper delivery capability
Don’t get upset when you read this. Take a breath and have a think about it first. If there’s something incorrect then say but if this hurts your “feelings” investing isn’t for you
for now
god 8 recommends some of you are **** scared of doing any research and learning something negative
come on fess up who are you 8 little recommenders? read the revb rns it seems like they are cutting something with thg
There was nothing vague in my first post. I only stated what I knew to be facts. You asked me to speculate. I wouldn’t have done that on my own accord
Bleart, what old tricks? Stating facts from an RNS? Do facts hurt your feelings? If so I’d say investing isn’t for you. You cheeky ramper
This industry always consolidates and this is a key target
I agree in parts this is worth more. My only thought for selling the whole group is that as you say getting 16x atm would be challenging for the TIC business (although what it deserves - citation and PTSG were at those levels)
I think selling as a whole gets us there and let PE have the GRC gain (management roll also)
If we get £12 a share it’s wins all round and the investors at the £10 placing have done well
Re timings, you could be right. These auctions can move quickly and TIC is a sector well known to PE so many will be comfortable with the sector and growth (Cinven own JLA and tried to go into fire safety and lost steam, this would bail that business out for example)
So you’re reaching (again)? Explain how a spat about shareholding has impacted the e-commerce decision not just a hypothetical rubbish
It’s more than likely that RevB have just expanded with shopify (who run their main U.K. site). Go on the RevB site it’s now More international than it was
Would have been a good win if THG could have brought the whole of RevB to ingenuity
I don’t see what the shareholding has to do with what platform RevB uses for e-commerce? Unless you can explain that
Very interesting what’s happening there and great numbers this morning but did anyone see the part re THG? I suspect they are leaving ingenuity which is a shame
Director buys giving a huge confidence here though so I suspect JG isn’t worried about losing RevB
Fully agree. The rise is only due to the short close. The rate rise is very worrying here. No more M&A now this is full focus on cash generation. As I’ve said I’d support a 10% equity raise at this price for sure
I think they should look to sell the group as a whole. I know as two parts it’s worth a lot more but let PE have that. Get us shareholders out of here at £10 - £12 and I’m more than happy