Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Mobico reported that revenue in 2023 jumped 12% to GBP3.15 billion from GBP2.81 billion a year earlier. Pretax loss narrowed to GBP21.4 million from GBP173.5 million. Mobico lowered its dividend to 1.7p from 5.0p. Looking ahead to 2024, Mobico said it expects its adjusted operating profit to be between GBP185 million and GBP205 million, up from GBP168.6 million in 2023. Separately, Mobico said James Stamp will stand down as chief financial officer at its annual general meeting on June 11. Helen Cowing will join Mobico on May 8, taking up from role of interim CFO. She has previously held group CFO roles at Selecta Group, Ideal Standard International BV and Octopus Group.
Absolutely Hindy. Also, ultimately, noone accumulates if they are not going to make money. They know this will turn around in the long term, or they know a sale is imminent, and they are buying on the cheap. I think interest rate cuts were factored into the 90p price tag, which have for now dissappated, but will come around again.
So how imuch did Cosmans and co buy - £30-50m of stock, at best. I remember someone buying 5% of vodaphone ar 96p, worth around £1.5b , at its plummeted around 40% since, after it initially bounced to 120p. Same could happen here!
My point is, doing redundancies before the results is bad news. They'll announce results below their estimations, and mitigate with cost savings. If they have no interested parties in the sale, its goodnight