Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
@gotoutjustintime that's a good point mate, thank you for that info.
I'm hoping that HL will cap their funds as well, that would entice me to deposit more. Atm, theres a great US equity fund and a global fund which are 0.1% and 0.14% through vanguard. So with their 0.15% annual fee, my total fees are only 0.25-0.29%. Then ofc they're also capped at a certain amount.
The ETF/share/bond holdings are much better at HL, it's just the £12.95 dealing charge that keeps eating away at my monthly top ups :/
HL's fees are too high tbf. I use them a lot as I really like their platform, however, I mainly deposit in vanguard now as you can get good funds for much less - plus, they have annual caps whereas HL just keep taking more and more from you as your investments and loyalty to them grows :/
Not the best results. Never good when profits and revenues are decreasing, however, historically, we do tend to see a much better second half performance.
The B&Q deal looks promising. I think it's also important for us to remember that they're heavily investing in growth at present. Therefore, the profit decrease doesn't seem as dreadful.
Reasons given for profit reduction make sense:
'Investment in transformation to support Velocity strategy
Kazakhstan joint venture performing behind the record performance in FY23, also impacted by dollar exchange rate movements.
Higher interest rates.
Increase in the corporation tax rate'
So, definitely not good to see a decline, however, maybe the 46.2m EBITDA is a more accurate representation of future potential?
In hindsight, wish I sold two days ago and bought back in on the drop - never mind, looks like I'll be in for the interim dividend then. Good luck everybody
I was thinking about topping up yesterday at these prices but I missed the deadline. So strange that its taking! If we take off the tax right off from the last trading update, the company is making a good profit and is considered really cheap.... quite worrying that it's dropping so much.... not too sure myself tbh, the fundamentals look solid and analysts are also predicting significant future growth. gla
This is where I'm a bit confused, as, the div has increased from 3.5p to 4p, however the SP is now 356, not the usual 70-80p range...
So, we usually work out the div % by dividing the dividend (4p) by the share price (356.6) = 0.011 x 100 = 1.12%
So 1.12% is the interim div yield
So in total for the year, including the final div, would be 5.4p/356.5 x100 = 1.5%
Not great really.. Please correct me if I'm missing something.
Agreed. Very surprised at the initial 12% drop this morning, but I suppose that’s going to happen if we’ve sold at a discounted rate to Cenkos. Nice to see that the SP is already bouncing back though.
The 6/12 statement due soon will see a big uplift in the SP. I’ve topped up heavily at 131 earlier. Should hopefully be about 160 leading up to ex divi imo. Gla
Hi all, could I just get a bit of noob advice please.
I have 2301 units held with LnG in my HL account. The final dividend was 13.93, so am I right in thinking my dividend amount should simply be 2301 x 0.1393 = £320?
I'm just wondering as the actual amount I received is £248.93 so I'm a bit confused.... (I held all the units prior to the ex-div date btw)
TIA
Hi SJB,
Honestly, nobody knows where this, or any other stock will go, we can only make predictions based on updated trading statements and general economics.
My own personal research suggests that this is a solid stock to hold. I've personally held after the updated trading statement as I would hope that the SP has more growth - time will tell. I'm hoping for close to £7 and then I'd potentially sell. I bought in at about £5.40.
Good Luck
Yeah, that makes sense. I suppose the recent director purchases are a good sign for us though. Fingers crossed the upcoming results are good.
I wonder if this is the reason for todays 8% drop?
HL paid on the same day. I'm sure mine even came in before noon.
I understand your frustration, Ade.
GB metals and mining is up 73.9 % in the last 12 months, whilst POLY is down 4.2%.... It is extremely frustrating and makes little sense. Lets hope the market is late to react and us patient investors get rewarded. GLA
I
Hi QD.
I thought the exact same. The trading volume has significantly increased compared to our usual levels. Ex-divi is only 3 days away so that could be playing a part, however, I've never seen this level of trading volume with CTO so maybe something else is happening that we're unaware of.
It makes little sense, Ade. I'm sure it'll rise as we approach the ex-divi date though.
The fundamentals here are outstanding, short term dips are not great to see but in the long term they shouldn't make any difference. GLA