Cleantech Lithium Share Discussion Threads

[minuteman] 27/6/2002 18:17

My guess is they are reported late, as over NMS, MM can do this. Still not too worried, like I said, only £9k worth of stocks traded?

If she keep trickling down like this, you will see Minuteman call the MM's bluff with a 1million + buy.

The fall would have credence if it were £90k, but not this

[dmhzx] 27/6/2002 17:44

Who know what's happening? Certainly not me. Maybe these later sells were really done earlier in the day, but we reported late AND at the later time.
For this stock this is a large volume, but still an awfully big drop for what cannot have been unexpected results.

Oh well..........................

[minuteman] 27/6/2002 16:43

Looks like the sell was a massive 200k lol, for 9 grand

I wouldn't have bothered, they must have bought over 7.5p making an 7k loss at the very least.

Some people have a very short attention span.

Results ok nothing sparkling, but going forward we look good, this is a medium to long term play and (touch wood) we should be well rewarded for our patience.

[ghhghh] 27/6/2002 15:34

Was offered 1m by one mm at around 11.30am.

I've been waiting to see large delayed sell go thro but so far nothing. May be a protected sell and mm seeking buyer before logging.

Sale price unlikely to be over 4p, probably under, perhaps 3p. Anyone selling will be screwed by the mm's so anyone buying should be very careful not to overpay.

I'm waiting and if mm has paid 3p will pay no more than 0.25p to 0.5p on top.

[minuteman] 27/6/2002 14:36

We are just speculating!, Not particularly bothered either way short term as stocks usually go into a wobbler on results day.

It would be nice to see director buying but look at the balance sheet

6million held in Emplyee trust (or was it 4milion?)

also Warren Tayler owns 12million

Total 18million which is nearly half of this company.

I nearly bought as the MM's dropped it to 5p, it only lasted about 5 minutes though.

Anyway, ZZZzzzzzzzzzzzz, back inot hibernation for another 4 month until interims.

Regards

[nav_mike] 27/6/2002 14:12

You may be right - I did expect to see a delayed trade from around 12.10 which was the price really fell off a cliff.

Have to wait till close of biz to be sure.....

[dmhzx] 27/6/2002 14:08

aghumra and Mike: I don't think there are many delayed trades. The 60K I reckon was either a panic or a forced sell. MMs are trying, so far unsucessfully to shake people out of their shares.
At present CTL looks like the strongest company its ever been, and the shares are trading at an all time low.



The MMs don't actually want any buyers right now, which is why they opened up the spread to 18%. They are aiming to fill their coffers now with cheap shares, and then raise the price as the real meaning of the results starts to hit home.

We will see........

[dmhzx] 27/6/2002 11:58

Even so: Market cap well under NAV.
Have cash
No debt
On target for 10 mill turnover this year.
So business currently valued at MINUS. - Looks like a buying opportunity to me

[minuteman] 27/6/2002 11:51

The thing that bugs me in these accounts and in others is the "Administration expense"

Seems very high and accounts for most of the cash burn.

I can't work out if it's R&D or just a massive wage bill!

Still, whilst we haven't had a buy signal, I certainly won't be selling until further clarification in the interims.

[rangers99] 27/6/2002 11:24

Bottom line, since last results they've burned through an awful lot of cash. Now they're trying to sell properties to raise more.

Trading profitably? Hopefully cash burn is now minimized at worst

"The ongoing cash position has now stabilised and your Board intends so far as
possible to generate cash from operations during the current year and is
confident, at this stage, in its ability to do so."

[nav_mike] 27/6/2002 11:23

Looks like some peeps have jumped ship in reasonable size hence sudden lurch down.

Im content to hold seeing as Documedia is now cash generative - results were a tad rough tho!

[minuteman] 27/6/2002 10:54

Agree, will sit on my lot, but not adding yet!

Interims should be out a lot quicker than finals if last year was anything to go by!

[aghumra] 27/6/2002 10:42

we need to see how it all shakes out at the next results, figures not conclusive enough now to encourage buying at this stage, gonna have to sit it out...

[minuteman] 27/6/2002 10:05

The one morning I have a lie in and the results come out!!


Highlights are that Documedia seems to be going as per plan

Software increase sales to 3/4 million

And as Mike says Colour flow is (and as statement reads) costing more. However, what we can see is that Colourflow only cost £200k after you deduct Ducumedia 1.6 milion from "purchase of trade and assets 1.8million

Hopefully cross synergies will benefit the company as a whole.

My take, not fantastic, but by no means bad, giving me confidence in the next 12 months.

What are your views??

Regards
M

[rangers99] 27/6/2002 08:29

quite. results are as clear as mud.

[nav_mike] 27/6/2002 08:23

We need clarifcation on the non-Documedia bits of the biz - trouble is investor relations at CTL have the skills of a pile of bricks

[nav_mike] 27/6/2002 07:31

Yep - having re-read the figures I agree. Reading between lines maybe Colourflow is giving more problems than they originally thought.

Given that Documedia effectively broke even, rest of biz lost 1.5m on sales of .8m. Thats the bit they must address otherwise Documedias efforts may be in vain.

Hopefully property can be sold for in excess of book cost too...

[rangers99] 27/6/2002 07:24

Agree. hmmmmmmmmm.... although the key point isn't the loss. The loss was expected. Main thing is the future guidance which looks OK.

[nav_mike] 27/6/2002 07:19

Well guys the results are out.....hmmmmmm....

Not what i was expecting though it does say that Documedia has been profitable in the period since results.

Where did the loss come from on the other parts of the business?

[minuteman] 24/6/2002 20:34

With regards results:

Wierd that they didn't announce them until August last year but then 3 months later announceed the interims.

Maybe they will go down the same avenue this year. Who knows but I have seen nothing to upset the apple cart yet and am confident of at least a 5 bagger from here until next spring.

Anyone heard anything??

[minuteman] 20/6/2002 11:43

As above, Don't panic!, That said, can't see why they cannot release results closer to year end. May be because they want to create more stability as they are in Q2 when annoucing, they can give a better forward statement?

Only my musing!

[aghumra] 20/6/2002 07:57

no, didn't come out until August last year...

[rangers99] 20/6/2002 04:00

Thats almost 4 months now since year end. Should we be getting worrried?