Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Recent interview with Vin Murria well worth watching.
https://www.youtube.com/watch?v=G257dlrOBXg
Excellent potential with Vin Murria and team at the helm for sure.
80%+ held by instis since IPO, many of whom will have made significant profits on VM’s previous vehicles.
The share price is quiet for now and holding firm, but there are plenty possible future catalysts which might drive it higher.
Further acquisitions are highly likely. VM is well known for these and her prior successes with Kewill, CSG and ASW were in part down to a focussed acquisition strategy. According to the trading update on Jan 8th:
“M&A is a core part of AdvT's strategy and there has been a notable increase in inbound opportunities. The Board will continue to evaluate these against its acquisition criteria.”
so it’s only a matter of time before a further acquisition is announced imo.
The existing businesses are bedding in as planned:
“AdvT's performance for the six months ended 31 December 2023 aligned with the Board's expectations.”
but VM will be looking to improve performance in each of them:
“Avenues for deploying financial and operational resources and investments to enhance the organic growth of AdvT have been identified.”
so there is scope here for future news releases pertaining to improved performance.
Lastly, the shares are very much under the radar at the moment. Increased coverage will come in time I’m sure as investors pick up on the growth and acquisition story. However there is also the possibility that a well-known tipster / tipsheet will cover ADVT. The editor of SCSW for example states that he “has known Vin Murria for many years”, and the tipsheet covered CSG and ASW historically fairly frequently.
https://www.scsw.co.uk/search/?query=vin%20murria&page=1
The share price is still only just above where VM bought in 3 years ago, so it continues to present a great long term buying opportunity imo. I have confidence that in the months and years ahead that ADVT will be a different beast entirely with a much larger market cap and share price. Watch this space!
Yes, you’d think they’d pick up that the shares are no longer suspended from the fact that they’ve been trading again since the 10th.
Yes, just a Barclays error. The shares have been available to trade again on AIM since the 10th on both Hargreaves Lansdown and IG platforms.
Cancellation of the shares on the main market and re-admission of them simultaneously on AIM took place as was suggested in the RNS on Dec 5th.
“‘Proposed cancellation of the Company's Ordinary Shares from the Official List and proposed admission to trading on AIM
AdvancedAdvT Limited (LSE: ADVT, the "Company") intends to request the Financial Conduct Authority ("FCA") to cancel the standard listing of the ordinary shares of the Company (the "Shares") on the Official List and to request the London Stock Exchange to cancel the admission to trading of the Shares on the main market (the "Cancellation").
The Company will apply for the admission of the Shares to trading on the AIM market ("AIM") of the London Stock Exchange ("Admission"), such that Cancellation and Admission will take place simultaneously.”
“In the latest in our Smart Small Caps series, Jemma Slingo talks to Octopus Investments about why M&C Saatchi has turned a corner…
The shares have yet to recover from the 2019 scandal, which involved overstated revenues and understated costs. However, things are on the up – at least according to Richard Power, head of the quoted smaller companies team at Octopus Investments.
“It has got its mojo back,” he said. “But people are still looking in the rearview mirror.”
Power is enthusiastic. “For the rating it’s on today, and the growth it’s likely to achieve over the next five years, have we got an investment that’s likely to achieve quite significant returns? Absolutely. And I say that acknowledging that we could well see some headwinds in the next 12 or 18 months. At the entry point today, the opportunity is substantial.
Five years feels like a long time for a company with a history of volatility. However, the group is responding well to the new management team, and feels significantly more dynamic than it did a few years ago. The market doesn't seem to have clocked this, and despite its expertise in brand-building, M&C Saatchi is often still portrayed as outdated and slow-moving. Things could be about to change.”
https://www.investorschronicle.co.uk/news/2023/05/30/the-poster-child-of-advertising-is-back-on-investor-s-radars/
Continued overall market weakness dragging valuations down a good thing for ADVT. As Crux recently put it:
"Paradoxically, the more difficult the economy, the better the odds of finding the bargain needed to kick off “the investment story”."
https://moneyweek.com/buy-uk-small-and-mid-caps
The strong position ADVT is in was also highlighed in the Interims in March:
"With a strong cash position which exceeds GBP100m, we have a clear advantage in against a backdrop of market uncertainty. Whilst the cost of servicing debt and its availability have become major challenges for other investment vehicles, our cash reserves offer a unique, attractive alternative and positions us well to execute on our strategy. This financial strength provides flexibility and the resources to capitalise on opportunities, navigate the challenges that may arise, as well as being an attractive proposition to potential target businesses."
Vin Murria continues to wait patiently with a hefty cash balance ready to pounce when the right opportunity presents itself.
No probs Fishcakes47.
Yes, if VM can replicate her previous success then there is a lot of potential upside here. All her prior listed vehicles were multibaggers.
Some interesting backgound here:
https://archivesit.org.uk/vin-murria-2/
This is covered here from 1:17:00
https://youtu.be/FexUObmgv8Q
So usually 2 years, but the company can approach major shareholders requesting extra time if it thinks there is still a good opportunity of a target company being found. 2 years has recently passed so presumably VM has spoken to the main instis and they are happy for her to continue her search.
With regards cash outflow, there is an estimate of a max of £500k per annum. The interest on the £103.4 million cash currently held will easily cover this and more, so the cash balance should increase over time.
“Ongoing costs and expenses incurred in connection with seeking to identify acquisition opportunities (excluding any project specific costs incurred in pursuit of an acquisition opportunity) are estimated to be no more than GBP500,000 per annum.” - from Final Results Oct 22
The current SP of ADVT is 77p. Against that it has 77.6p cash in the bank and SAA shares worth a further 15.3p. There is the upside potential from an acquisition and also the possibility of bids for SAA.
So:
- Solid upside (to NAV) should a target not be found and
- Very significant potential upside should VM repeat what she has successfully done with Kewill, Computer Software Group and Advanced Computer Software.
“A proven software strategy
AdvancedADVT (LSE: ADVT) raised money at 100p to allow seasoned software investor Vin Murria to acquire software businesses and improve them. Murria has had three successful iterations of this strategy at Kewill Systems, Computer Software Group and Advanced Computer Software Group. She raised money and invested £16m herself at 100p per share.
Today the shares languish at 71p and the firm has around 95p per share in cash and shares. Paradoxically, the more difficult the economy, the better the odds of finding the bargain needed to kick off “the investment story”. The shares could bounce by 50% or more on a deal, and would return 95p-plus in the unlikely event that no deal is found. It’s a small company, but one widows and orphans could readily invest in.”
https://moneyweek.com/buy-uk-small-and-mid-caps
Https://www.investormeetcompany.com/investor/meeting/ina-completion-angola-update
Https://twitter.com/bobbyoflondon/status/1654472890656468996
Https://twitter.com/bobbyoflondon/status/1654472890656468996
Baron keen on the upside:
“AET and ARCM have huge potential legs, the former needs to close and then non dilute on next deal (what I expect)…”
https://twitter.com/baroninvestment/status/1654030625286889472?s=61&t=zan1D2KbkX6Ux4S64eMTJw
https://youtu.be/z6yMYwzpV9M
from 47:10
Results confirming 103.4m in cash vs 100.6m mcap.
NAV of 95.6p vs 77p share price.
So more cash in the bank than the market cap and 12 million shares in SAA thrown in for free.
A strong position to be in, waiting with a tonne of cash for the right opportunity to present itself as markets continue to decline.
https://investegate.co.uk/advancedadvt-limited--advt-/rns/interim-results/202303140700058169S/
https://www.ina.hr/app/uploads/2023/02/FR_INA_Group_Q4_2022_ENG.pdf
“INA reporting on Angola disinvestment from FY2022, released 16/02/23”
“Divestment of Angolan assets: SPA with Afentra Angola, Ltd. was signed; in December 2022 transfer of INA`s
Participating Interest (PI) on blocks 3/05 and 3/05a has been approved by the Minister of Mineral resources”
https://twitter.com/redmirres/status/1628995235446509570?s=61&t=JxqJ859vEjy8rIGE2qsOMA