Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
2x massive buys today so far
BATM Advanced Communications Ltd - Hod Hasharon, Israel-based networking and medical technology company - Announces that the first enterprise deployment of its Edgility edge computing and virtual networking solution is ahead of schedule. Reports initial launch with Cemex has been a success and a global rollout is now targeted for completion this year thereby accelerating the group's revenue recognition under this contract. Reports excellent progress under contract with CityFibre with further orders expected. Moti Nagar, Chief Executive Officer of BATM said: "Revenue from Edgility in the first quarter of 2023 almost equalled that generated for the whole of 2022, and we remain on track for significant growth in our sales of Edgility this year."
CentralNic Group PLC - London-based internet services holding company that develops and manages online marketplaces - Erin Invest & Finance Ltd sells 1.8 million shares at a price of GBP1.20 each, worth GBP2.2 million, in London on Thursday. Following the sale, Erin Invest & Finance is now interested in 13.9 million shares, a 4.84% stake. Erin Invest & Finance says the sale is to fund Erin's investment opportunities.
Non-Executive Director Samuel Dayani has a beneficial interest in Erin Invest & Finance.
"Erin Invest & Finance considers itself a long-term holder in CentralNic and has notified the company that it has no intent to sell any further shares in the foreseeable future," CentralNic says.
what happens to the shares we hold?
Peel Hunt added on 14th March a target price of 200p for ITM Power [LON:ITM] but reiterated it’s ‘Buy’ rating following a presentation by new CEO Dennis Schulz in which he outlined his strategic priorities for the company for the next 12 months to make ITM Power “a more reliable, professionalised and industrialised company.” This follows on from an announcement by the AIM listed clean energy business that the company has signed an agreement to increase the power supply to its Bessemer Park location by 300%, to facilitate increased product testing. Whilst delivery of this won’t happen until the end of next year, it is seen as a critical step in removing bottlenecks from manufacturing and allowing production to be scaled.
At the time of writing, shares were trading at 82.92p, down 14.4% for the year to date and -76% over the last 12 months.
do we get any at 2p?
trading announcement tomorrow, thursday
Haleon told the media it is not a party of the litigation proceedings and it has never marketed the drug in any form in America.
MGC Pharmaceuticals Ltd (ASX, LSE: MXC, 'MGC Pharma' or 'the Company'), a European based bio-pharma company specialising in the production and development of phytomedicines, is pleased to announce that it has entered into a new convertible securities financing agreement (Financing Agreement) with Mercer Street Global Opportunity Fund, LLC, a fund managed by Mercer Street Capital Partners, LLC, a United States-based institutional fund manager (together, "Mercer") and MGC Pharma's largest shareholder, to provide the Company with a substantial funding facility of up to a total of US$10m. This fully funds the current MGC Pharma business plan and replaces the unused amount of the convertible facility announced in September 2020[1] , providing MGC with material financing facility to be drawn on as required to execute its strategy.
AWS kept growing and producing strong profit in the second quarter. AWS produced operating income of $5.72 billion on revenue of $19.74 billion, up from operating profit of $4.19 billion on revenue of $14.81 billion a year ago, for a revenue growth rate of 33.3%. Analysts on average expected AWS operating income of $6.04 billion on net sales of $19.56 billion.
“AWS continues to grow at a fast pace and we believe we are still in the early stages of enterprise and public-sector adoption of the cloud,” Chief Financial Officer Brian Olsavsky said in a conference call Thursday.
LONDON, July 26, 2022 /PRNewswire/ -- CentralNic Group PLC (AIM: CNIC), the online marketplace for domain names and customer acquisition tools, is pleased to announce that it has been awarded the contract to supply and support registry management software to underpin the domain name infrastructure of Greenland's country code top-level domain, .GL. The contract was awarded by Tusass A/S, the largest telecommunications company in Greenland
So what’s happening with the XL share price currently? As I write, the shares are trading for 29p. At this time last year, the stock was trading for 55p, which is a 47% decline over a 12-month period.
To buy or not to buy
As a penny stock, XL is more susceptible to risks than larger, more established businesses. Nevertheless, I will look at the pros and cons of adding the shares to my holdings.
FOR: XL’s performance recently is a positive for me, although I am aware that past performance is not a guarantee of the future. Last month, XL reported that for the year ending 31 December 2021, revenue, operating profit, EBITDA, and cash generation were all up compared to 2020. This was primarily due to the market for advertising and marketing returning to normal levels after the pandemic. Although the pandemic isn’t fully behind us, the future could be fruitful if XL can continue its recent trading momentum.
AGAINST: Current macroeconomic headwinds such as inflation could have a detrimental impact on performance for XL. With inflation soaring, there is a chance that businesses could cut costs and marketing and advertising departmental budgets could come under pressure. This is a tangible risk for many FTSE stocks.
FOR: I like the look of XL’s business model. It has a vast profile and presence with operations throughout the world. It supplements this with regular acquisitions that can boost its offering and profile. In turn, this can boost performance and shareholder returns too. I also noted that CEO Stuart Simms purchased shares last month. I am buoyed when insiders buy shares, as they are the best placed to know if a firm is on the track to success. If the CEO is willing to buy shares with his own cash, this may be an indicator that perhaps I should too.
AGAINST: Although XL has an appetite and history of acquisitions, there is always the risk of one not working out. Two primary reasons are a lack of synergy between the two businesses and overpaying for a business. These can often lead to messy and expensive separations if, for example, XL had to dispose of a business that did not amalgamate well into its offering.
A FTSE stock I would buy
Looking at other factors, XL Media shares look decent value for money currently on a price-to-earnings ratio of just 14.