Cleantech Lithium Share Discussion Threads

[internet bubble] 11/1/2002 15:02

"Currenty trading off a negative pe, to change this year.. Chairman stated he expected to turn to profitability this year. (Can he be trusted? who knows), but looks good IMHO."

This statement was made before the Documedia acq. is it still attainable ? What does the accounts for Documedia show profit/loss ? Why did it go into receivership ?

Any answers before I part with my cash

[aghumra] 11/1/2002 14:44

Turnover predicted to be £10m this year, that's a 1900% rise!

[minuteman] 11/1/2002 14:22

About that spread LOL, 5%

[minuteman] 11/1/2002 14:11

10% not uncommon on illiquid shares, has brought it tighter wich is nice.

[reetus] 11/1/2002 13:55

well someone has bought some and has had a good effect on the share price. Big spread on this one though.

[reetus] 11/1/2002 11:52

Where did you come to the conclusion of this one rising 1000%?

There share price has fallen from 60p when it first floated, so I can't see it returned anywhere near that in the short-term from where the share price stands now.

[reetus] 11/1/2002 11:16

Good call, but why has their share price been hammered so much? Director resigned?

Would have thought this one to be more of a long-termer, but the prospects look good as the Interims state it will be trading profitable from this year.

[minuteman] 11/1/2002 11:06

Having ploughed through many stocks I came across this one and became very excited:-

Heres the deal

CTL want to become the leading supplier of software to the print industry ...that is supplier of software, not eprinting on line.

Recent deals are topped with a "substantial "deal with Cannon

Bought Documdedia for 1.65mill cash, so no dillution.. this means that they actually paid 400k for Documdedia as there was 1.2 million of freehold property in the deal.. They have alreay stated they intend to sell the property and lease premises.

So after they sell the property and assuming it is paid up... will leave CTL circa 3.5millions in cash in the bank.

Currenty trading off a negative pe, to change this year.. Chairman stated he expected to turn to profitability this year. (Can he be trusted? who knows), but looks good IMHO.

Full year results due out after their Feb 28th Year end

Documedia brings with it 10 million of turnover raising current turnover from its paltry 500k, something, I think caused by cash burn in developing the software.

Documedia also brings with it contacts into government/local councils etc..

They have no debt to speak of, and are actively slowing cash burn in development, so cah mountain should stay more in tact.
That balanced with:-

They are quite poor at letting ivestors know things
They didn't say why they sold a company they bought one year earlier.

But IMHO They look bloody cheap for what is in the pipeline, have bought at their year low and will add....results should be March time.

Also they are in the support services catagory in the instead of the software provider section... even a change of catagory might make these shoot.

Good luck