Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Most Western Governments have lost control and the UK is presently leading the race to the bottom.
Its a very tough time to go bottom fishing right now but I agree RLE may be a very good candidate in this sector.
I had the same thought...
Lloyds has an extremely UK centred strategy designed by Horta. That may have made sense in the clean-up phase. But when the UK faces political and economic crises perceived to be larger than the rest of the West, the SP will be hit more than other more diversified banks. One can only hope the opposite is also true....
As an ex employee I do agree with Mat78 but at the moment there are more existential macro issues driving the SP.
Many of my investments, for some reason, show similar characteristics but no-other has such a vast discount between mark 2 market and share price.
The disgraced IPCC is now, after 24 years of ridiculous weather forecasts, so confident in their "science" that they have to work with Silicon Valley to shut down anybody who present scientific or factual challenges. Similarly NOAA are so confident in their projections that, after Biden's inauguration, they deleted most of the historic climate history so they could manipulate the graphs (while firing a bunch of real scientists who rejected their scientific fraud).
Like the war in Eastern Europe, the famine in Sri Lanka and the annual death of hundreds of thousands of people in poor countries who are forced not to use natural resources to generate clean water, using modern medical equipment and grow foods like the dutch, these people are a menace to humanity and should be defunded asap.
If someone here can find a properly free market capitalist country to invest in, please let me know.....
Funny how IMF has a negative outlook on global growth while supporting de-growth strategies such as reduction in use of fossil fuels and opposition to supply side strategies and lower taxes to reduce inflation and stimulate growth.
After the IMF supported human catastrophe in Sri Lanka and WHO's disastrous involvement in the Covid virus, it feels like the UN needs to be cut down in size in order to support a more prosperous human race.
If you have access, there is a good summary/analysis/commentary about the UK situation in WSJ under " What Really Went Wrong in Britain".
Debt is around 400MM, market cap is now 300MM and LTV is 43ish%. It sure feels like is not adding up....
Thanks Hardup!
Thanks very much all.
The last two days several unusually large trades have taken place.
Does anyone have any insight into the origin or purpose of these trades?
Thanks.
My observation working there for about 5 years on MD level is that the retail banking brands are usually very well run and provides the engine of cash generation. Mortgage and current accounts market shares are topped out. The problem lies when you go outside outside of that... In terms of commercial, the larger the clients the worse market share and product capability. The SME business is good but they never managed to be more than number 3 in the UK (they really only lend). The mid market business is solidly number 4 (out of 5). These business should be able to double or treble in size but are stuck due to terrible management and poor product innovation and delivery. They cannot compete properly with Barclays, NatWest or HSBC. This is not a growth stock but a fantastic cash generator and I suggest that only by exiting the Global Corporate Business, further cutting international, simplifying the Institutional business (exit primary and secondary bonds) will their bottom line grow. Credit cards, insurance, car leasing are decent businesses but will not grow much. The private Bank ( I have been a client for 20 years) is a lost cause. Lovely people but absolutely no capabilities apart from Lending. Just put it with Retail...
SD235. Big lunch ???
Tomorrow
I agree, the numbers coming from the balance sheet are very compelling indeed. But that's not all that hits the bottom line..
https://uk.finance.yahoo.com/news/bank-hasn-t-cheap-since-050000230.html?.tsrc=applewf
I believe Oldfield is on his way out as Head of the Commercial Bank which is public (and incredibly good) news.
Also, I would not be surprised if Lorenzo is also on his way out. He had a very good run under Antonio so perhaps it is soon the end of him.
I would not read too much into it.
Today's call was informative but noticeably short of Alex Short in my view. More value to be expected as deals close and I feel the pipeline is attractive. Any opinion on this please??
The thing that put me off was a question I asked about ESG following a slide they showed which detailed what they are looking at when determining the ESG profile. I asked if this was a regulatory requirement or a voluntary and was told the UK government is now prescribing this (a bunch of really stupid questions if you ask me). So far so good. But the additional commentary I got was flabbergasting. It is one thing to follow the regulation (I implemented Mifid2 at a bank...) but it is quite another to believe the Government's b/s which clearly the deputy PM did with some moral commentary based on, in my view, nothing. I now worry about this investment as until today I was quite happy to double up. I have gone through a lot of pain the clean my (active) portfolio, and purchasing, as much as possible from political and social agendas I disagree with but now AEWU is on my warning list. The question is how much is ESG impacting returns for AEWU and what ESG alternatives are there globally?