Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Longterm that was the cash consideration, what they acquired was negative net assets, meaning the impact on equity was far higher than the £3m paid. Notwithstanding, it was still a good deal for a fintech.
Or Co-op putting a bid in, since they are finally in the black.
I have very little hope re Carlyle getting this as well Investor6, mainly due to how much the original investors put in and how much the book value is, as well as the upwardsly sloping yield curve.
Carlyle are unlikely to pay top dollar, unless they have another UK bank to merge it with. What would be ideal is if another bank came forward and acquired due to synergies.
https://www.carlyle.com/sites/default/files/case-studies/Butterfield_CaseStudy.pdf
Look at Odey go, now down another 0.39%.
Odey down three days in a row
You would be surprised with what happens behind closed doors at the FCA.
With most regulated companies it is all about economies of scale. They will probably be looking at the synergies of the combined group.
TSB is twice the size of Metro and has 300 branches, whilst metro only has 77. They are offering 1bn for TSB, will they offer half that for Metro?
These mid sized banks need to merge to survive.
Almost all south american countries are red, places like Colombia and Equador have a lower covid fatality rate than the UK since they now have 60%+ vaccine roll-out. Somehow I think this is political or they are afraid of the mu strain.
I think the issue with the UK is the government policies around pumping the housing market since you canny lose with bricks and mortar, whilst in the US they are far more focused on pumping everything.
I find EBITDA to be a good proxy for cashflow, per page 40 of the R&A the EBITDA for tours appears to be -32.9m for the 12m eneded Jan 2021. Therefore cashburn of about circa 3m per month. so over the last last year they have burnt GBP48m (16months*GBP3m) on their tour business.
https://www.corporate.saga.co.uk/media/1378/saga-annual-report-2021.pdf
Banbury I really cannot see how you get your cash burn figure for travel. Per their segmental on page.36 it is GBP36.9m.
https://www.corporate.saga.co.uk/media/1378/saga-annual-report-2021.pdf