Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Looking very oversold here IMO. Nice approach by the BoD to switch from dividend to buy backs. They also reckon its oversold.
I think there have been warning signs in the BESS sector, so the fall much in line with others in the sector. This may have been impacted more, by its greater visibility of being the largest. Can't see what the BoD have done wrong. There have been plenty of director buys over the past year.
I would only worry if any declared sale yesterday. Can't see that as at all likely.
GLA
That's a big assumption to make. At the half year they declared "Committed to pay 7.35p per share for 2023 despite a drop in Operational Dividend Cover to 0.63x in H1 2023, following Operational Dividend Cover of 1.32x in 2021 and 1.28x in 2022." They have plenty of finance cover to ride 2024 out IMO. However, it is just my opinion. You cannot say for definite what decisions the BoD will take. It's a waiting game.
Average dividend do far this FY is 2c a quarter. However, think we may get a base dividend of 1.5c for the next payment because Oct to December was when we had the low river levels. With the uptick in production and oil price recently you never know! At least the following quarter is now looking good. Would be surprised if dividends don't average over 2c in 2024. Yes I'm also still increasing my holding on the dips.
Been trying to fathom what could be the cause of the drop. Reckon it comes down to the news headlines being put out of income falling in 2024. Will that be the reality? Seems conservative at £77 Brent. Production also conservative. In reality we're still on a PE of around 3. I'm happy enough to have topped up this morning. Showing as a sell due to spread at the time. Why they need to use the mid price for this is beyond me. Nice to see the continued investment in production.
From latest RNS I gather a CREI holder is now also buying into API for value. Currently you can get CREI at 68.1p by buying API. Assuming deal goes through, and I can't see why any major shareholder would want to block. Looks like a good deal to me for both parties.
Nice presentation on the CREI website
https://custodianreit.com/2024/01/recommended-all-share-merger-with-abrdn-property-income-trust/
Quite Damian. I've just bought into CREI. When my API shares transfer it will make a nice holding for me, with a regular income. Now paying around 8% here, fully covered.
CREI couldn't pick up equivalent property on the open market at anything like the deal they are getting with this merger. API could wind down and simply sell off their property and achieve more than 62p a share. Its a total bargain for CREI if they want to expand.
OK matchbox. What you're saying is that you're only getting an additional 9% discount to the already 16% discount on NAV CREI is showing (at 79p). You're still getting API at a 25% discount to NAV.
Matchbox. You're incorrect. September NAV per API share was circa 82p. Paying 62p a share is circa 25% discount. As CREI shareprice has fallen they are getting API closer to 30% discount. That said, as an API shareholder I approve as I'm here for the dividends. I have just bought more API as I think both share prices will rise, as the shorters in API exit. The enlarged company will definitely have synergies to capitalise on.
I know about algorithm trading. However these are "O" trades, not "A". Its not important I was just curious.
What's up with all these 13 trades? Slow accumulation?
Moved back into my top up range again, which is nice. Update looks ok, more or less as expected really. Don't understand the drop, but I'm happy! GLA
Has there been any guidance on the next dividend date? To keep it quarterly it should be mid March, but then the AR not expected until end march. They may issue a Q4 dividend notice late Feb/ early March? To be paid in March?