Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Might be showing as a sell - that does happen sometimes!
Good trade by Paddy and, fair play, he called it on here. There were people trading this between much lower levels than it is now who never saw 1.30 coming let alone 1.50+. There were people shorting it without a clue as to what was coming. It is a share that is genuinely in play - probably one of the best punts out there!
A weak puppy that has risen by over 100% in the last 6 months?
You probably would not make 100% from where it is now, but if we should ever reach a covid free world it is still undervalued. Taking the one offs out of the EPS it is only on a PE of about 11, and that is based on the covid reduced profits of 2020......
Back in August last year (when Tom London started giving us the benefit of his investment advice) let us imagine that we had invested £100k in 3 different companies. One of them will clearly be ITV, for the second one we will go with a "big oil" company RDSB, and for the third one we will go for AZN. What would be the returns on our investments as of today?
ITV = £226K - An increase of 107%
RDSB = £137K (dividend income included) - An increase of 37%
AZN = £86k (dividend income included) - A loss of 14%
We have to accept that in Tom's world AZN and RDSB are great companies run by people who went to the best universities whereas ITV is a dog company run by a graduate of Kent University. So, despite the actual monetary return being vastly inferior anyone following Tom's philosophy is clearly a superior investor.....But just imagine what his multi million pound portfolio would look like if he had invested in the dog. You could not make this ****** up!
There isn't much difference between the basic EPS and the fully diluted EPS. The adjusted EPS is much higher because it excludes some non recurring costs. The data for IMB is as follows:
EPS £1.583
Fully diluted EPS £1.581
Adjusted EPS £2.544
informer365 - In the near future VINO will provide the market with some financial information on how it is trading. At that point private investors will know what we have here and we will have some sort of metric to value the shares. As of now the institutional shareholders who bought into the flotation will know a lot more than anyone else. Given the strange world we have lived in for the last year or so I would be surprised if an online wine supplier like VINO has not traded well. In fact they could not have had a successful flotation on the stock market (it was heavily oversubscribed) if they had not been trading well.
I tend to seek out newly floated companies as they tend to be undervalued. I hasten to add that there are occasions when that is not the case and I am not ramping! Good luck!
And adjusted EPS is calculated in the same way as basic EPS except that non recurring items are removed from the earnings figure. Things like the sale of an asset etc...
Suark - basic EPS is calculated by taking the earnings figure and dividing it by the number of shares in issue. Fully diluted EPS also takes the earnings figure and divides it by the number of shares in issue but all outstanding share options and warrants added to the shares in issue. So fully diluted EPS effectively assumes all warrants and options are exercised. Hope that makes sense!
shandypants2 - take your point about net asset value. The civil engineering sector tends to be inhabited by companies with poor looking balance sheets (Kier’s is horrible for example, they have mentioned an equity raise but the market will not have forgotten the horror show of their last one!). Ever since the Carillion fiasco there is quite a lot of nervousness about civil engineers carrying debt. GFRD makes a refreshing change in that respect. It is well placed.
Agree with your valuation, but would hope for more longer term.
Yes dividend is disappointing but it is a start.
This is a rare company in this sector - no debt and sitting on a stack of cash. In fact the market cap of the company is more or less equal to the value of the cash it is holding - so the business of the company is valued at close to zero. And this is a company with an order book of £3.3 billion. The stock market does throw up some weird valuations at times!
Galliford Try sold its housebuilding business at the beginning of 2020. That business is now separately listed under the name of Vistry. So comparisons of GFRD's current financial performance with previous years are not meaningful.
Rock - I was shareholder in both the Cable and Wireless companies, both were taken over. One by Vodafone the other by LG as you say. I did ok on both after some interesting times! CWC was always a good dividend payer - great yield even after adjusting the divi downwards. I remember Vodafone getting their advisors (UBS I think) to short the shares of the other CW company to control the price when it was lining up a bid - shameless! It gave me a cynical slant on the stock market , which may not be a bad thing....