Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I think news re the sale of the Mgmt division could drop any day now, certainly in the next 2 weeks. As this offer is in excess of £30m and the current valuation for the whole of EAAS is c £29m there is much upside.
I've looked back on the details of the Utility Team purchase in 2021. The initial price (not including the performance add ons) was 7.1 c EBITDA. EBITDA is £4.4m as of 30/6/23 so that's £31m. I suspect this is the minimum we would accept upfront.
A total EAAS valuation of £46m is 12p - seems low to me but is c60% above the current SP
Feels like a 'leaky' placing at c10p drop.
With this morning's SP rise the company is now valued at c£30m . This was always my minimum expectation prior to sale confirmation based on the info we have , that the Energy Management division is being sold for in excess of £30m.
Based on this then the whole of EAAS must be valued somewhere between £45m and £60m, so a decent upside is still to be had.
Seems like there is a little profit taking before the next leg up but someone has paid 8p this morning, which is nice to see.
Thanks, i know you can buy it online, was wondering if there is any bricks and mortar retailer stocking it. Appears not
Not trying to be negative, and HVO is my largest holding (first buy c5p back in 2020) but at the current price a lot of good news is already factored in.
Valuation is c3 times revenues and assuming £12m EBITDA for 2023 about 15 times EBITDA. Both look fair value IMHO.
More than happy to be proved wrong!
Both RBG and Nightcap have announced good xmas trading, albeit a mixed 6 months as a whole.
I know these are not direct competitors for Boom Battle but shows that people were spending in the lead up to Christmas. Really expecting XPF to announce impressive numbers as many of these locations will have had their first 'proper' xmas trading period and we know corporate bookings have been significant.
Alas the SP doesn't seem to want to go anywhere
Good growth, albeit from a very low 2022 figures, however, more is needed.
For the 3 months just reported, which includes the Xmas period, gross profits were £272k. At H1 admin costs were £674k so assuming the same for Q3 that's still a loss.
Out of interest where can i buys Blackwoods gin? I've only see it on Amazon
Ticking up nicely now - over 7p to sell and 7.15 to buy. There was a late reported trade yesterday of 790k shares at 6.68. Based on the price it looks like a sale, however, for such a large amount maybe the MMs dropped the price to get some shares in. It was difficult to buy more than small quantities all day yesterday.
It appears things are back to normal today.
Current SP values the company at c£27m - yet we have a buyer for 1 division in excess of £30m.
Could be confirmed any day now
Just to add to that, included in the net liabilities ( i agree it is £12m not £15m btw) look at the trade receivables and trade payables - what is due in (e.g. unpaid invoices) and what is owed i.e tax and wages owed but not yet paid. This is £16m v £26m, so they need to find £10m pretty quickly.
It is possible that some of these trade payables will be money received in advanced e.g. at the beginning of a contract but not yet earned, but of course this money will be offset by increasing the cash amount .
Clearly having a negative net asset figure is a big red flag IMHO.
Someone bought 400k shares this PM - must clearly think this is massively undervalued
Good to see volumes and the SP tick up - still c 10% below the recent 8p placing price, so i can see 10p being reached in the next few weeks.
I was wondering what the market reaction would be if Q4 numbers continue to grow substantially, but fail to hit the recently downgraded 2023 full year numbers. The current company provided target is 100k to 130k (previously 125k to 160k).
After reaching c28k in Q3 total prescriptions are c54k for the 9 months. So if say Q4 is a 60% increase on Q3 that's 44.8k and c99k for the year.
Still very impressive growth, however, this would be below the minimum level set only a couple of months ago.
Clearly the CEO will tell us how wonderful he and his team are and the growth is 'impressive', however, i suspect the market may be less appreciative.
STX repeatedly fail to hit their own timescales and targets - the raise at 30p was meant to fund this to breakeven and yet we have 2 massively and discounted placings since
With the limited evidence available not sure how we can definitively say it is or is not a matched trade. However, the 2 transactions timings, 2 seconds apart would support this. Has the price increased? It hit 27p a few days ago and then slowly ticked down, now back up. If there was such a big buyer in the background over the last few days not sure why it would tick down.
Certainly some positive sentiment ATM, so all good IMHO.
The current spread has closed to almost nothing - i'm being quoted 6.87 to sell and 6.89 to buy . I suspect something is afoot.
One of the 1.35m trades was reported late, however, looking at the times they are only a few seconds apart. IMHO it looks like a cross trade - an in and out at the same price. This would explain why there was no movement in the SP
Big Gun, Revolution which is by far the biggest brand is aimed at 18 to 30s. In 2022 they were refurbishing bars and opened 2 new ones (Preston and maybe Exeter off the top of my head) despite the concept clearly struggling. The de Cuba spin off is aimed at a slightly older crowd and seems to be doing a lot better.
RBG has specifically called out the increase in minimum wage as having an impact, however, surely this will impact it's 18 to 30 year old target group too.
Peach was only bought a year or so ago and is aimed at a higher socio economic group (mains are c £20 each etc) and is a stand out performer.
Please stop. You ruined the ADVFN board many months ago with your incessant posting, and you are doing the same here.
For a bloke who doesn't hold, posting on a weekend and at all times of the day is madness. It's the same 3 or 4 points just constantly repeated.
Please stop and get yourself some help.
Agree. Profits of £5.4m expected in 2023 and £6m in 2024. Using a conservative PE of 10 that's almost 100% upside.
Hopefully the first of many.
Shame the company allowed Morley and Co to buy the security arm with c10% upfront payment and mates rates loan fees. Was hoping the war chest would be bigger. Hopefully the payments will start coming in as expected from March/April this year.
Yep, have to agree i suspect the legal teams are only back to day, or at least the senior ones.
So whilst it could be announced at any time i suspect week commencing 15/1 will be the earliest.
A trading update is expected in late Jan so it could coincide with that as if the Energy Mgmt division has grown by another 10 or 20% in the last 6 months i would expect that to influence the sale price.
Personally i suspect they will want to keep the 2 separate so i'm expecting the sale to be announced first.
The Management division also includes Beond which was purchased in Dec 2020 for c£3m. The £21m Utility Team purchase was for £15.8m upfront and another £5m based on performance.
c£11.5m was paid in cash (funded by a placing at 15p) and the remainder was paid in shares, priced at 24p.
Of the extra £5m i believe the only additional payment was c£1m in extra shares, also at 24p (issued in Aug 2022).
Since the acquisition revenues have grown c20% each year.