Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
What’s missing is - Is this a vanity project (smells like it). Does it make a profit after tax or like so many of MM’s spins - No profit now and not for the foreseeable. Generating positive cash and removing Non Value Add should be how the business is run as required by all its owners (us shareholders).
Well last years dividend was 4.5p per share exd: 2nd Feb paid 2nd March. We are sitting on £45M of net cash now, so can easily pay a decent divi again in 2024. I’m thinking they will likely pay 2.2p which would be a nice 3.8% based on current SP. They might want to preserve all their cash to complete current projects but hopefully not as they have historically liked to reward investors with decent dividends. What are people’s thoughts regarding the next dividend possibilities please?
North Again 🤪
Not sure about the ‘Head & Shoulders’ personally but it does look like the dust & dandruff is disappearing and with shortages of student rentals and the chancellor looking to keep the housing sector buoyant and it seems to OK. I think the 3 land sales of which just one would be quite transformational and the cash on hand is excellent, this will all about the next results and condition of the balance sheet. I think with the new leadership and some hard lessons learnt WJG could do really really well in 2024.
MY FAVOURITE PART IS:
Seeing Machines has now been appointed to deliver 17 expanding programs for 11 individual OEM customers, building the cumulative initial lifetime value of all ongoing Automotive programs to US$366M, with most of that revenue expected between now and 2028.
I’ve sold up, lost patience now. We have been told and given the impression this is the easy instant easy to apply replacement for viagra, cialis for more than 5 years and their coated condom Called Blue diamond seemed not to work as it’s totally forgotten and other partners never renewed contracts with FUM. If this is really great it should be spreading across the world and all over global news etc. something doesn’t seem to add up and only ones getting rich are the BOD who did a fund raising at 7p. GLA - Hope it does finally come good for those more patient than I.
Stars - You sound jealous you missed out the 19% uplift yesterday. You would be surprised to see CAB at 50p, I wouldn’t be surprised to see it at 100p 😀
He can jack up the leases and vote for lease renewals. The details are not properly disclosed and if the leases are short term he has defacto total control in this way. More powerful in reality than holding a golden share and not being the landlord. There should be a law against this stuff but there is not.
MM as the landlord and owner of all UK THG facilities (They don’t belong to THG DYOR), effectively has a defacto golden share by the back door….If you try to take over my company I’ll jack up the rents so high, I’ll be the only ace in the pack making any money. Our best hopes are for him to partner QAI and make a bid, can’t see any aggressive bids working which is probably why no companies are bothering to bid now even with the golden share gone. MM can keep running THG as his own theifdom as he has all the cards he needs firmly in his hand. Kelso are noise makers that will sell THG at a profit and find more fertile grounds elsewhere. If THG can show a net profit after tax next results it will attract make it investable in its current form (If MM stepped away it would be more investable). I’m deeply invested here but uncomfortable that MM has all roads down up to his own behest and sadly that’s destroying true shareholder value. I’d vote him off in a heartbeat if I could. He has no clue how to run (extract value) from the company he has created unfortunately 😢
Yes - Two show stoppers to a T/O. MM owns all the buildings and him and friends are majority shareholders so can block opening up the books. Only hope is MM gets it making money and does a split. He could take it private with his own buy out at say £1 with his majority shareholders. What / Why would he need to pay more?
Golden share gone, are you aware MM purchased nearly all the THG buildings in HQ freeholds when it was out of cash. This is my single biggest concern as an investor. My point being it’s worse than him having a golden share almost
ahananda your a jack ****. thg has yet to make a net profit. when it was between 500p & 800p mm was giving everyone the impression it was going to fly to the moon at the speed of light with ingenuity at the front. losses are being reduced but not fast enough, revenue flattish. so real value is hard to say but it’s not more than 150p now. if the divisions were split then the break up value would realistically equate to somewhere between 200p to 250p. i’d like to think we could be vulnerable to an aggressive bid but fear not as much worse than a golden share mm owns nearly all the free holds personally that thg does business in. it’s totally inappropriate and stops thg being truly vulnerable to market forces eg: a takeover, how do you buy thg when the keys to all the buildings belong to a landlord that you have no control over. i still think thg is worth around 150p if next results are around break even bottom line but not much more. i’m in big and long and wish we were worth the price at float but i’m also a realist. gla
Halogen free or TOTP plastics and other alternatives are optional. Bigger question keeping it simple - Is vaping growing vs combustibles (Yes). A sensible solution of either recyclable plastics or refillables will be the new norm, is SUP light footed enough to adapt and be profitable as changes come through (I’m a believer that’s for sure). The results of the 5 divisions will continue to grow I’m sure due to the excellent way Sandy and team run the business. I’m very surprised the SP isn’t at 150p to 200p based on latest numbers. They we over 200p when their eps was lower.
Good to see no real effect on the Dividend, see how lucky we are on the exchange rate used around the exd date. I’m very bullish that this dual listing with get us on much higher average P/E ratio as the settlers between the 2 daily prices get updated daily from the arbitrage. Of course we need to do well top and bottom line as always. US shares are generally way lower average dividend yields than UK shares and DEC’s yields are huge at c.15 to 20% (If sustainable). That alone will get a lot of early investors piling in from the US side on much higher volumes than UK side - As said I expect and believe we will see a really significant uplift after the dual listing goes live.
Another update today - Note the food (Nutrition) health personal care and beauty are the where all the majority spends went…..All of which sit nicely in our portfolio of products and services of course:
Black Friday deals, according to the British Retail Consortium-KPMG monitor. Furthermore, the figures are not adjusted for inflation, masking a likely drop in volumes once higher prices are taken into account. Food and drink, health, personal care and beauty products continued to drive growth, while jewellery and watches saw the biggest decline in sales on the high street, suggesting consumers are abandoning expensive presents in favour of more budget-friendly gifting.
(Alliance News) - UK consumers appear to be sticking to plans for a budget Christmas this year, with retail spending remaining weak despite Black Friday, figures showed.
Total UK retail sales increased by just 2.7% in November, a significant weakening on last November's 4.2% uplift despite a push from retailers around Black Friday deals, according to the British Retail Consortium-KPMG monitor.
Furthermore, the figures are not adjusted for inflation, masking a likely drop in volumes once higher prices are taken into account.
Food and drink, health, personal care and beauty products continued to drive growth, while jewellery and watches saw the biggest decline in sales on the high street, suggesting consumers are abandoning expensive presents in favour of more budget-friendly gifting.
It’s likely a net positive but the old cynic in me thinks - Bio can internally be charged a high rate for using the Ingenuity platform now rather than an external low cost rate. However if it’s all help to send the the SP North it doesn’t really matter. The only other twinge I have is big investors tend to avoid companies that keep
Making acquisitions as true like for like can be manipulated and in many cases negative adjustments need to be made to set the acquired entity to fair value from total purchased value which is what we started to do last year and I’m not sure if there is more to come. Let’s hope the accounts are really transparent and the new acquisitions gains and write down inc CityAM also powered by ingenuity do not get called out as being wooden dollars giving false impressions of revenue. I still think fair value now is somewhere between 150p to 200p and a break up value around 250p - Good luck everyone as always Monty
Facts vs AssumptionsToday 10:00
[Re-Written with typo’s from auto corrects hopefully now correct]
Just because CityAM is owned by THG why are people assuming it’s now making money. (Need to see if it’s separated out or just bundled under Ingenuity in the next published results).
Also posters ramping about growth of Ingenuity. What Whales have been landed in the past 3 months please? - Any specifics or is it just speculative gossip people’s ?) I’m ever long and ever hopeful sitting on 800k shares at 80p break even average price (been doubling down to lower average price a lot, too overweight now) Im not seeing any RNS contract announcements or anything else tangible or in the financial press that warms the heart. (Heaven only knows why MM would buy stock in Kelso if that’s true). Kelso are just a large minority investor that seems to have reduced their holding under the radar, also some of their other holdings are performing terribly in recent updates as well. Having said this I do think Kelso are correct in their media and RNS comments regarding ways to release value in THG. If MM doesn’t get the valuation up then an aggressor will come in at say 150p SP bid and hoover up a lot of stock probably paying 200p after its 20% steak purchase or whatever the mandatory amount of stock is you can buy without making a formal bid. (Can anyone remind me of the percentage owned before a bid must be triggered by the way - It varies depending on your market listing slightly I believe. Anyway Good luck all, I definitely think there’s gold at the end of the rainbow but cannot see nor predict where, when the rainbow begins nor ends from MM’s coniFacts vs AssumptionsToday 10:00
Just because CityAM is owned by THG why are people assuming it’s now making money. (Need to if it’s separated out or just bundled under Ingenuity). Also posters ramping about growth of Ingenuity. (What Whales have been landed in the past 3 months please). I’m ever long and ever hopeful sitting on 800k shares at 80p break even but seeing any tangibles that really warm the heart. (Heaven for it why MM would but stock in Kelso). They are just a large minority investor than seems to have reduced their holding. They are right in their comments on how value could be released generally as an aside. If MM doesn’t get the valuation up then an aggressor will come in at 150p bid and hoover up a lot of stock probably paying 200p after its 10% steak purchase or whatever the mandatory amount of stock is you can buy without making a formal bid. (Can anyone remind me of the percentage owned before a bid must be triggered by the way?). Good luck all, I definitely think there’s gold at the end of the rainbow but cannot see the where nor when the rainbow begins or ends from MM’s continuing share holder disregard and arrogance 😢 A change in leadership to take us up to next level is sorely needed IMHO.
Just because CityAM is owned by THG why are people assuming it’s now making money. (Need to if it’s separated out or just bundled under Ingenuity). Also posters ramping about growth of Ingenuity. (What Whales have been landed in the past 3 months please). I’m ever long and ever hopeful sitting on 800k shares at 80p break even but seeing any tangibles that really warm the heart. (Heaven for it why MM would but stock in Kelso). They are just a large minority investor than seems to have reduced their holding. They are right in their comments on how value could be released generally as an aside. If MM doesn’t get the valuation up then an aggressor will come in at 150p bid and hoover up a lot of stock probably paying 200p after its 10% steak purchase or whatever the mandatory amount of stock is you can buy without making a formal bid. (Can anyone remind me of the percentage owned before a bid must be triggered by the way?). Good luck all, I definitely think there’s gold at the end of the rainbow but can see the end at the moment 🥲