Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yes saw the Holding RNS - looks like I was wrong in believing that Downing were reducing their position.
Up from 9.99% to 10.17%.
Lets hope they continue to see value here and add more for their IHT fund.
THG PLC ("THG" or the "Group") will publish its first quarter trading update for the period ended 31 March 2024 on 23 April 2024.
The THG management team will host a conference call for analysts and institutional investors on 23 April 2024 at 08:30 BST and registration for this can be accessed via the following link:
https://stream.brrmedia.co.uk/broadcast/6620e6b140524def7b49c88e
Agree with your thoughts Rivaldo. Share price should hold up well with the smooth sale..
Clearly there was strong Institutional Investor demand at 225p with 6.7m shares sold, significantly higher than the 4.44m shares floated in yesterday's RNS.
Https://uk.advfn.com/p.php?pid=nmona&article=93681279
To "meet institutional demand".
- I guess price will drive down tomorrow...
Share price is manipulated by the big boys. Pushed up yesterday on excellent results to suck new money in. Today driven back down by funds / shorters using algo trades.
They drive price down hard and shake out cheap shares, then when they've acquired enough, push price back up again. Nothing has changed with Tesco business, just games being played.
A great opportunity to buy more (as I have done) cheaply, ready for decent dividend and or move back over 300p
Downing hold 3.18m shares in RFX (10.05% of total shares in circulation), so clearly if they are disposing of these shares over time, they are obliged to notify the market....
Ironically, whilst they are winding up their Strategic Micro Cap fund and retuning monies to investors, they are touting for new investors to put money into their AIM Extra Planning Service ISA (an IHT scheme) where the brochure shows companies that they plan to invest in, including....and you guessed it......RFX!!
I'm expecting Ramsdens to rise as this year progresses..
Has the large seller (Downing Micro Cap fund?) finally finished selling? Would be nice to get a Holding RNS to confirm...
"Profit growth and lower debt: a lot to like about Venture Life"
Simon Thompson's summary:
For the year ahead, house broker Cavendish expects adjusted operating profit margins to increase one percentage point to 8.5 per cent, which on 7 per cent higher revenue of £55mn could drive up operating profit 20 per cent to £4.7mn. Furthermore, estimated free cash flow of £6.1mn (2024) and £7.8mn (2025) is predicted to slash net debt from £13.7mn to £9.2mn (2024) and £1.9mn (2025). In other words, the £47mn market capitalisation company is on course to be almost debt free next year when it is forecast to deliver underlying operating profit of £6.1mn on revenue of £59.4mn.
The operational improvement in the business and balance sheet deleveraging were key bull points when I suggested buying the shares, at 30.5p (‘Investors are too cautious with this cash-generative company’, 26 September 2023). That’s still the case. Cavendish’s fair valuation of 68p a share is not unreasonable, representing a target forward price/earnings (PE) ratio of 10 for 2025. Buy.
Good results, perhaps people expected more information on outlook?
Today's price movement is just traders in and out from yesterday.
Will need additional fresh buyers to get this into the 40p's IMO. I reckon this will happen over next 2 weeks.
Simon Thompson in Investors Chronicle is a fan and regularly reviews and tips this as a buy.
Just bought back in here at £1.17 in readiness for FY trading update. Last year was out 20th April.
Of course revenue may still be lower than previous years, but margins and profits are definitely improving.
Minimal net debt. Cash conversion for Xmas period should be strong.
Just watched the November presentations and the new CFO looks really focused on improving profitability, through simplicity (reduced SKUs etc) which I like.
Board have put out a very upbeat trading update. Assume this is to reassure investors with share price 35% off last Summer's high of 265p. Note in 2023 they didn't put AGM trade update out; so a clear sign to holders not to worry and in fact add more at lowly prices (with Downing II selling off RFX and other small caps to close a fund down)
https://www.londonstockexchange.com/news-article/RFX/agm-trading-update/16369858
Lets face it, the current share price significantly undervalues this business and the hedge funds know it. Hence any good news and subsequent share price jump like this morning, is sold into heavily.
The funds will keep the share price where they want it - i.e. really low in order to buy more shares cheaply. Normally at the end of the day, mopping up as many as they can.
Any private investors selling at this level will kick themselves when price eventually doubles. Its just a waiting game and at the moment the funds are on top. Of course its also a massive opportunity to buy these shares and sit on them for the MBO, takeover or re-rating which will happen in 2024.
For those of you who are tempted to buy - here's a reminder of how solid this business is!
The key metrics here are:
Market Capex at share price of £1.80 = £56.97m
Net cash = £5.039m
Pre tax profit = £10.1m
Dividend = 10.1p (5.6% yield)