Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
SP creeping up but no volume...hmmm
looks like that RNS is a slight reduction in position....still significant at 16%. Cannacord have been a holder for a while and not sure they are buyout specialists...
ESRI seem to be on a marketing push in US.
They just had a dedicated supplement in NYT highlighting their capabilities specifically in relation to the Inflation Reduction Act - EV charging stations, broadband in rural areas, electrical grid etc.
Seeing ads popping up in lots of places.....lets hope SPA stay close to them.
Nice share price recovery from recent lows of around £3 and decent set of results. Major metrics Revenue, profit, EPS, FCF, margins all moving in right direct. Share buy back still in place decent 4 1/2% yield. Would have liked to see debt reduced but can't have everything.
Looks like the posturing is beginning:
https://www.bloomberg.com/news/articles/2022-10-11/draftkings-ceo-sees-california-sports-betting-approval-in-2024
Don’t disagree with anything you said.
I suspect most people are here for California potential so if they don’t get that then look out below.
The lack of free float is double edged sword…flies on sniff of news but falls hard if sellers appear even if small number of shares relative to float.
Anyway we will find out soon enough.
P987...I looked at the track issue as well and agree the harness track Webis have isn't listed in the proposals.
Pulled below from the 2021 report....that makes 9 states by my counting.
The company holds United States pari- mutuel licences for its ADW business in the USA, including a multi-jurisdictional licence issued by the States of North Dakota, and individual licences for the States of California, Maryland, Colorado, Minnesota, New York, Washington, West Virginia and Kentucky.
They also announced the Arizona Downs harness commercial lease in April. This was due for regulatory approval in summer 2022 but I haven't seen any update.
The one off $100M license fee is huge as well. Largest in US. Seems like the bigger players trying to squeeze out smaller with this.
Squeaky bum time.
Not as confident as I was before but who knows....it's a roll of the dice...to borrow a gambling term.
The buy back is a support as well. Almost 6M shares bought back this month so far.
Nav of 148p but SP is 26% discount. This one takes patience.... monthly dividend of 0.40p helps a bit.
Bet MGM throws $16M behind Prop 27 in California.
If P27 wins over Tribes Prop26 proposal and BetMGM gets a California license then positives for Entain.
https://www.gamingtoday.com/news/california-prop-27-sports-betting/
I doubt the promotion of the company secretary who held no prior directorships, has no shares in the company and hasn't bought any shares in the open market will get the share price revved up....no disrespect to Kate.
At least we know there is someone there
Easy winner here....still like the company though
Yes agree this is a slow burner.....suitably understated. Been here multiple years.
Little confused with your response....my understanding is Santa Anita is included in Prop26. SA is owned my Stonach Group. Webis has license at Cal Ex.
TO or sale is my expected outcome if Jim pulls this off.
Read the article and good details.
Having read the various summaries of the proposals I am scratching my head to see how Webis can proceed.
Prop 26 covers Santa Anita Park, Del Mar Race Track, Los Alamitos Race Course, and Golden Gate Fields. Webis track at Cal Ex isn't included.
Prop 27 - $100M license fee and partner with a tribe. There are much deeper pockets here than Webis....BetMGM, Fan Duel etc.
I know management stated in the past that they have been approached to partner and hope Jim has a sneaky plan to benefit from the November ballot.
Anyway all above my pay grade this deal making stuff.
Please share any thoughts...
Chris....the Nasdaq question is a difficult one.
Yes tech stocks have a frothier valuation on Nasdaq but the flip side for me is from my experience AIM stocks that have a dual listing haven't faired well...DDDD, Tiziana, Pur, Renx as examples. Not tech companies but AIM cash hungry ones.
If a company uses a Nasdaq ATM listing I tend to view this as a backdoor capital raise. My understanding is a company can sell shares on Nasdaq at the prevailing market price to raise cash subject to limits approved by shareholders.
Pays your money....
https://calmatters.org/economy/2022/06/sports-betting-california/
SC....I think the IPO shareholders if still around have already been mugged. Wasn't £2 IPO price.