Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
" if a second wave of Covid-19 was really gaining traction"
Why is this in any way relevant to IPF stock?
Deaths per 100K/population:
UK 69.13
Hungary 6.10
Poland 4.43
The only thing that drives IAG profitability is LHR > JFK < LHR traffic in Premium Classes. Thats not coming back anytime soon (if ever compared to 2019 volumes).
63% of the stock is held by 10 firms (FIL appear to have exited), so it's no shock that the stock is illiquid. Poland & Hungary have debt collection/interest rate restrictions until the end of the year, so frankly this will get ugly come the September results. Sit back & watch this drift back to 90p come Q1 2021. It's not for the faint hearted & certainly not a "day trader" stock given the volumes. Patience will provide a return IMHO.
Point 7 gives the detail you need. In this case it was a purchase using a financial instrument.
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached
0.01%
10.37%
10.38%
766,293,613
Position of previous notification (if
applicable)
0.03%
0.08%
0.11%
Must admit, I don't like their "smoke & mirrors" language. Thanks to HL I missed getting out this morning at 48p. (when will they fix their trading platform?). I decided to get out earlier this afternoon (essentially red break even)
https://www.cardfactoryinvestors.com/sites/cardfactory/files/results/card-factory-plc-investor-presentation-02062020.pdf
Page 9 - tiny, £19.4m
https://www.ipfin.co.uk/content/dam/ipf/corporate/investors/debt-funding-information/17.11.23%20-%20Supplement%20(23%20November%202017).pdf
The prospectus for the new bond..
Given the low share price; does anyone see the potential for PFG to make a bid? Looks like many of the institutional investors are getting out. Clearly as the former owners, PFG understand the model. OK, question mark around their ability to raise the monies, however even allowing for two years of heavy losses, it would break even by 2023 & pay for itself by 2025 (assuming a return to historic earnings 2022 onwards)
Laughing. I'm happy just to sit here & watch the price tick up.
Goodness me no. Just £2K in the game (at 38p). I posted because I saw some "frothy" comments from others when looking at the current share price v last years accounts. The April 30th trading statement really ought to be read before monies are invested (68p > 32p within 5 weeks)
I ought to have been clearer. By "Government" I did not mean the UK. Poland, Hungary & Czech Republic are their main business areas. Two of which have implemented the restrictions I outlined in my earlier post. The IPF model assumes a 25-30% default rate on all lending, which is fine when you are charging base + 80% interest. However at +5%, their model fails.
Small investor here.
I agree that IPF has been oversold.
There are three major issues with this stock:
Government Caps on interest rates (now base plus 5% max)
Moratorium on debt repayment
Both are applicable until the end of this year - these will have a significant hit on their earnings
Bond payable April 2021 (c €400m), they have issued a prospectus for €1Bn
In my belief, anything < 68p represents “value” in the medium term, however it will take 2 years before they return to previous levels of profitibaility sp - c180p