Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
On privatisation c 1987 I bought the minimum amount offered cost approx £100. I've done nothing with them and all dividends re invested, so now have 695 shares, worth let's say £7000. No cgt if I sell now but new rules coming in over next two years would mean I would be liable as exemptions goes down eventually to £3000. Currently £12300.
So think I will sell before April 2023. Have no other losses to offset it. Is anyone else in the same position?
A revaluation is out of the question for the time being according to the Chairman. You could, if you had loads of time on your hands do your own, of the regulated tenancies at least by ploughing through the VOA website (ignore the list of housing association and agricultural tenancies) then playing about with the address on Rightmove to get a capital value with vacant possesion.
They are planning to buy 50000 houses, to rent out, new housing I understand. This is a huge endorsement of the private rented sector and if it comes off they will be bigger than GRI. But I can only see positives for this share, the sector is growing and there's room for all sorts. They've done this sort of thing in the past when they got into house selling...when the real long term investment was really in property management, which is what they've gone for now.
There is talk on other boards of a revaluation, which would surely increase the share price . The fact is, property prices have gone up considerably over the last few years yet the share price has stayed more or less the same.
If you ask anyone, ie the man on the street, they say 'letters are dead, everyone uses emails, facebook etc, but parcels are the way forward, everyone shopping on internet'. But reading other posts here seem to indicate that parcels, due to them being handled many times, are not much of a profit making stream as you might hope. Personally I think parcel volume will continue to increase and so then the cost per unit comes down, profits up, SP up.
Surprised this share is so low, a great hedge in the Covid crisis, regulated tenants all by definition are long term, mainly elderly, reliable payers, many with HB help. If on HB, subsidy paid to them is not penalised for bedroom tax or under occupation/size criteria as in social housing or post 1989 tenancies. Will be topping up.
I've no idea either what is going to happen, thought it a major breakthrough when we got back to £1.70 this week and almost sold up then, but now think I'll hang on for the ride, hopefully pushing £2 soon? Wishful thinking perhaps.