Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Because people can still get 5% AER in a savings account with almost zero risk to capital. If you pick the right UK shares, you can still get 7-8% pa. though.
All of which is completely irrelevant to Capita, given that the chances of its ever paying a decent dividend are vanishingly small.
13p looks to be the bottom, until they come round with the begging bowl halfway through the year. AH says he needs to launch a rights issue in order to complete his 'transformation' (sound familiar?). By that time, there's no confidence left in the company, the raise fails and it's game over.
An overly pessimistic scenario? Perhaps, but there's a lot to be pessimistic about here.
If this gets to £21.06 it will be a two-bagger for me, in just 18 months. It was a lucky buy (and will offset some of the crud I've bought).
@Trisor. I don’t know if it’s going under, but it’s certainly displaying the classic symptoms, as far as the sp is concerned.
IIs appear to be bailing. With respect, I think the market is a better judge as to the health of this company than any of us here.
There’s always someone playing Billy Big B0llocks on these sort of BBs. I remember the same sort of talk on the Debenhams, Flybe, Sirius Minerals and other BBs. They’re usually the ones trying to rally interest in a lawsuit (“We was robbed”) when it’s clear that it’s over for shareholders.
13.90 looks attractive, until you compare it with 12.90 or 10.90 or 5.90 or zero. I'm afraid I've seen too many of these 'bargain' penny shares in ailing companies to be tempted by another one. They are cheap for a reason. If you enjoy gambling, go ahead.
Capable though the new CEO might be, the question remains whether there is anything substantive left for him to turn around. That’s probably what is irking the market at present.
The original JL turn-around plan was to run down (and ultimately hive off) the central and local government stuff, where margins are low. Then along came Covid and the burgeoning debt problem , so it became necessary to sell off the divisions that were going to spearhead the new prosperity.
At best, Capita is going to chug along as a high turnover, low profit businesses, even after any remaining fat is trimmed off (and there can’t be much of that left).
Even if one disregards the car crash that this company has been over the last five years, it hardly represents a dazzling investment opportunity. Good luck to AH, but unless he’s a miracle worker, the only way for Capita is down. If it goes under, few will shed a tear and the essential government stuff it administers will just end up in-house.
This company is a disaster area. The sp movements here are starting to resemble some other ‘bargains’ of yore: Debenhams, Flybe, Sirius Minerals, Laura Ashley et al.
I'm so glad I closed my position here in the 20s. My days of buying risky shares like CPI are over. With a couple of exceptions, my portfolio now comprises UK blue chips and it yields 7-8%. You can easily get a good return on UK shares, it just requires patience and prudence. Growth is unspectacular, but I sleep much easier these days.
My sympathy goes to long-term holders of CPI. As usual, the gamblers here continue to favour hope over experience.
Marshall Wace have reopened their shorts, after closing last year. They were very long during Covid, with up to a 3% stake in IAG. Just how far do they thing it’s going to fall from here? I could see it hitting 125, in extremis, but I wouldn’t put money on it.
I think we could see the sp pushed down to 140 this week, especially if the tax on business class seats comes through in the budget. I’d probably buy in at that price.
Interesting to see Marshall Wace were shorting IAG last year (now closed), given that they were very much long during Covid (took a 3% stake in IAG in Oct 2020). Wonder if they've made up their mind yet.
I think holders here need to have a very long-term outlook re dividends. I’ve been saying for a three years that the yield is unlikely to return to pre-Covid levels (circa 5%) until the end of the decade. In the meantime, of course, we will almost certainly see capital growth and modest dividends, but there is also the RI dilution to factor in. Add to that the usual airline risk factors (terrorism, strikes, fuel prices), along with the probable permanent reduction in business travel and it’s not hard to find reasons to put one’s money elsewhere.
I generally don't trade, but looking back at my records, that's all I've ever done with IAG - and unwittingly done okay. Each time, I intended holding long-term and bottled out.
2019 bought 439p sold 470p (dodged a bullet there, pre-Covid)
2020 bought 118p (including RI)
2021 sold 186p
2023 bought 145p sold 163p
Looks like it will be time to buy again soon.
If it's any consolation, I bought National Express (now Mobico) as a 'recovery buy' in 2021 and have held it ever since. I'm now down 74%.
complete ****house of a company. just when you thought it couldn't get any worse, they manage to shoot themselves in the foot (and investors in the face) again.
I held Barc for 5 years and, even with my reinvesting all the divis, it went nowhere. I sold. The Qataris obviously aren’t expecting the sp to do anything other than stagnate or fall further.
You can’t blame the Qataris for selling their stake in the ever-underwhelming Barclays. I did the same earlier in the year. I was very happy to see the back of it.
IAG are the new Barc.
I think £20 within the next year is looking very achievable.
Down 36% in 9 months. So glad I bailed back then. GL if you're still holding.