Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It is very difficult. When I worked there in middle management (MD level) they systematically removed meritocracy in favour of equity. Meaning that I could not hire the best people only the ones with right gender or skin colour. The entire promotion system was changed accordingly. You would not believe the absolute morons they promoted just to populate the right colouring of the spreadsheets... That was about 4-7 years ago and if they have been "successful" in implementing it across the company it is likely to have potentially devastating impact on qualitative and quantitative results. It seems like the analysts are still using the old theoretical numerical earning models hence the various Lloyds upgrades and targets of 70 plus. But I have not yet seen any analyst that have modelled the systematic incorporation of incompetence in the corporate world.
As Scott Adams have pointed out, the difference between reality and humour has been wiped out.
Its now not possible to understand if people are serious or just joking.
Thanks all!
I was looking to add until the latest earnings call when Butt said something profoundly stupid about ESG so I held off.
But it feels like they are a better investment than other REITs that trade at significantly bigger discounts with unclear plans about how the gaps will be closed. At this stage I feel a HOLD is appropriate. After all, the viability of the business model depends much on the UK economy....And that's risky enough...
Thanks for info!
Thanks!
Many thanks!
If the market doesn't t understand it but you do, you will ultimately be the genius.
No Christmas spirit here....
Approximately how long would this type of wind down take? 6 months?
Whitelye, I have owned them for about 18 months and have been positively surprised about their quarterly information sessions. So much better than other REITs. Their portfolio team is quite young but I suspect they get good investment policy
guidelines from management. It feels a lot more solid than others I own (such as RGL and RLE).
AEWU (8.25). UK REIT's may be attractive due to relatively low and secured debt, reliable rental income and perhaps presently trades at discount due to uncertainty in real estate markets.
This blog has deteriorated beyond repair. What the F*ck does DJT has to do with LBG? BUT if it wasn't t for the rigged US elections (it is impossible to reject that fact by now) we would have oil at below 50, inflation below 4 and LBG at 60. AND NO bloody war in Europe.
When a company states "The Company will maintain flexibility when considering all future options including a return of capital, special dividend to shareholders or further share buybacks, with the view to maximising shareholder returns", after the share price has halved in a decade, it is probably not advised to double up but actually cut exposure. This company feels like a job enrichment scheme for the management as opposed to a solid investment for shareholders.
A long overdue review and any de-regulation from the Eu would be welcome and help the Uk compete with the US in financial services. Having been a "material risk taker" (FCA) in the UK bank helping to implement MiFid regulation it is my view that this EU regulation is mad. I am all for transparency but MiFid had nothing to do with the 2008 crash. The crash was caused by Bill Clinton and Robert Rubin who agreed to the 1997 Citigroup construction as long as the bank agreed to lend money to poor communities i.e. bad credits. They re-packaged it these bad mortgages and sold it a AAA investments. Regulators had no clue. Madness. This led to the credit crises. So the EU regulation did not address any issues in relation to the 2008 crises. The more regulation the bigger advantage to big players leading to risk concentration and less competition.
UK must go on a regulatory purge (like Trump did) to release innovation, get rid of red tape and inspire company formations.
I am not a Treasury/Bank Balance sheet guy so.... why do they do this??
As an ex LBG employee I transferred my pension to a SIPP asap.
I could not believe the insanely generous terms of the pension at lloyds (having worked on Wall Street before).
This business could be run at a fraction of the costs it presently demands. With more competence...
There is hope!
could not agree more.
Reads like an episode of Little Britain.