George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I believe the share consolidation is already helping to create some positive movement in the spread and liquidity to trade the stock in the market, compared to before. Early days, but looks good imo.
DYOR
Dunkirk1017: You sound happy...I guess you are down on your investment judging by your tone?
DYOR
I agree, core business must be the focus now and I am happy that a clear line has been drawn under the 'spin offs' now.
Really solid set of results, increased revenues, ebitda & margins and no debt (which is fantastic news) and a dividend. My only question on the dividend is that its stated as a 'one off'. This is subjective, perhaps suggesting no more dividends are likely in the short-medium term - it would be good to get further clarity on where they see dividends going, particularly if they see the cash pile increasing -e.g. potential acquisitions etc.
DYOR
SeaHawk - as I said earlier, this is a whole lot of hot air. The SP imo will correct back to a few pence below the closing price yesterday....it will be as if nothing material happened - which is the case here.
IMO DYOR