Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Having gone past the same card shops for the last few years in different areas the shop just don't look as busy to me so I would be interested to see official figures over the next couple of quarters. My feeling is they have lost customers to online, and that it hasn't all gone to card, which makes me wonder what sort of percentage in terms of footfall can shops lose before they become untenable. As gloomy as that sounds they are probably still worth a punt sub 70.
We can all (most of us anyway) agree that CARD is undervalued - it's just trying to figure out what it is worth that's the issue. The last year and the move to more online spending will mean less market share for CARD so how this plays out is anyone's guess. Personally I think they will stabilise but any loss of store trade is likely to be shared online with the competitors so further growth will be difficult. Definitely a buy around the 60 mark but unlikely to be a long term hold for me but then I'm overly cautious with physical-retail shares.
Unfortunately these chats end up with people stating what they want to happen as fact. No one knows either way about a RI but I would have thought that the shop's reopening will provide the necessary funds and they have proved sufficient in the past. Having said that the SP was 90p and drifting pre-pandemic and I wouldn't have thought the past year has improved the argument for bricks and mortar stores of which there must be nearly a 1000. My reckoning is (ignoring sentiment)70-90p unless there is an improvement and anything sub £2 if there is. The landscape has changed and I can't imagine growth on the back of store openings like in the past. Footfall will decline so CARD has to adapt and take on the dedicated online sellers otherwise we'll be the Clintons - and I don't mean Bill and Hillary.
Does anyone have any figures for CARDs online market share? I've got Moonpig at 60-65% and Funky Pigeon at a quarter, so 15%ish. CARD are projecting declines in instore sales so I assume there has to be higher online presence to offset this but I can't find any figures!
Js88, I agree there may be an increase in footfall when the shops re-open but I suspect we are not going to see some sort of renaissance of the high street without serious intervention - the trend is, unfortunately, going one way at the moment.
The RNS I referenced was Jan 2020 not 2019 but worth a read nevertheless. GLA
I would think somewhere between £1-£1.50 but the RNS of Jan 2019 regarding declining footfall on the high street, whilst opening new stores, is not going to bode well unless this becomes predominately an online trader IMO. The problem I see with that is even I think of Moonpig first! Anyway, let's see where we are when the stores reopen but long term things need to change otherwise we''ll be seeing the word 'Challenging' crop up in the RNS more and more.
I assume as long as you bought in oringinally below 2.43ish you shouldn't be out of pocket but before I rush to buy back to my original position I wonder how much of the increase in SP recently was driven by people expecting some sort of pay out?
These charges are in addition to eleven charges of bribery already brought by the SFO, to which Lufkin pleaded guilty in February 2019....
Someone pleading guilty to more of what they have already admitted to is hardly earth-shattering news but at the SFOs rate of progress everyone will have died of old age by the time they conclude their work.
DHL like Hermes (or even Sports Direct) are not a designated essential service so whilst it is possible they might reduce parcels to just essentials it is less likely than most. Time will tell of course.
Keep it in perspective against the wider market is my advice.
Put into perspective there will be a lot of profit warnings from many companies this year but at least RMG is in a better position than most. So they cancel their divi to preserve cash... irritating but a wise move IMO. One for the longer-term.
Phoebus, If people are very concerned and suffering an illness they can self isolate without waiting to be told. No need to over react -we need calm not panic.
Excuse the ignorant question but how does a company pay a dividend in excess of its profits?
I almost bought this at 1.50 but anything high street related has made me think twice. Bought today though with the view to 10% return and out again. Hopefully others will spot a bargain with the same view. Actually didn't think the RNS was dreadful otherwise I wouldn't bother.
Fair enough ffc. If funding isn't secured then I hope you are wrong BUT hopefully funding is the priority and CFs comments were misrepresented. GL to all well intentioned holders as always. A bladder infection for the shysters.
Cheers for politely replying ffc... mostly seems like a slanging match these days reading a lot of these posts. I know what the company said but since it's a possible, even probable, outcome even if only as a last resort it would be good to understand what the long suffering sh might get in such a situation?
Despite what I might want to happen here (I.e funded and moving forward, and downward obviously) I see funding as an uphill struggle that might not turn out to benefit the people who have invested and deserve it the most. Hopefully my fears are unfounded but they are there like they must be for 1000s of others. I'm not going to start spouting doom-mongering rubbish like some, or overly enthusiastic nonsense based mostly on hope (at the moment) but it would be good to have an understanding of value to a potential buyer.
What would the upside be to the current SP if taken private? What are we really worth as we stand?
Bit boring perhaps but I would like to understand if this offers any benefits to the current shareholders or not?
That's how this seems to me. Got in when it was cold, stayed when it was warm, got out with severe scalding. Shame to see it happening to others with far more percentage-wise than me invested here... paralysed between fear of missing some sudden spike and terror of some sudden drop wiping out their dreams and finances completely. What a F×@k up.
What next? Personally I feel that little slip the other day reveals the probable outcome of going private is very real... that being the case what is the value payable to current holders?
Any thoughts anyone?
I would like to get excited by this but it doesn't cost the QIA anything unless the mine gets built. They hold 3% of the company so have a vested interest even if only keeping the SP up. I would like to see them upping their stake to give me more confidence. Also Citi seem to be reducing their stake. Someone must be buying their shares but not ii's yet it seems. Maybe they are sitting on the sidelines awaiting some real news hoping to recoup some loses (like me) or make some gains. I may sound a bit negative (trying to be balanced) but hopefully Sirius can pull it around. GLA