Cleantech Lithium Share Discussion Threads

[minuteman] 04/4/2002 10:35

Well have a shed load , bought more yesterday, and our new invester bought about 1 mill yesterday.

Read the posts and you will see!

[petebarnes] 04/4/2002 10:21

is this worth buying guys

[mike the mechanic] 04/4/2002 09:54

Thanks Minuteman
Can you post website address.

TIA Mike

[ghhghh] 04/4/2002 08:23

Indalo

I agree that if something looks too good to be true, then it usually is.

A market cap of £2.6m versus house broker's forecast of £2m profit, dated 22.1.2002, for current year looks unreal.

If it was remotely real I would have expected director buying and the lack of director buying is my greatest concern.

However the shares have good asset backing and the current share price does not factor in any half decent news.

But like you I fear a trading statement so the longer we go without one is good news.

[rangers99] 04/4/2002 02:42

Good points.

However the company have made the profitability statement repeatedly and the last time very recently, certainly only a few months ago. They clearly must have a good idea how the company is currently performing.

If results are bad they are going to look incompetent and will no doubt have a lot of angry shareholders to contend with. ie. me and minuteman for a start.

[finbarr] 03/4/2002 17:19

Recent RNS shows appointment of City Financial Assosciates as "nominated adviser" to the company.What do they do ? why have they been appointed?
Is there some further transaction on the the near horizon on which they are advising? I am not being mischievous but true to form the company has given the absolute bare minimum of information.

[minuteman] 03/4/2002 16:53

I am very much looking forward to the results and finding our who these "familiar" names are that have taken on the software.

Welcome onboard Paul

[tony14] 03/4/2002 16:05

Well done Paul, can I ask how you came across CTL and also are you aware who the recent seller/s was?

[ghhghh] 03/4/2002 15:47

Bt another 350K at 6.5p.

Yesterday Winterfloods had little stock.

I bought 150K off CS this morning and left them 250K to work (hence my 150K pretty much cleared them out).

The share price weakness because CS, the shop, clearly had sellers to try.

Winterfloods has taken out the large seller (690K) and CS has taken out three lots of 100K.

If that's the sellers cleared there should be around 150K resting with the mm's.

[minuteman] 03/4/2002 15:47

Th emarket size obviously means nothing 5 trades all 100k and above inside spreads

[tony14] 03/4/2002 15:34

Cheers Paul, well price ticked up after last protected transaction which could signify that the sell order is complete. One thing for sure, things shall get pretty interesting before the results. Downside is that the stock seems pretty illiquid with a NMS of only 2000.

[minuteman] 03/4/2002 15:31

Lets hope that was the lag!

If you want vast numbers of these...the chairman told me to get in touch and would be able to go through them to get them at a discount to market price! Worth a try.

ghh ghh> Glad it isn't only me that spotted the forward potential at a realistic pe...great 1-3 year play with a world of upside and assets to cover any down

[calleva] 03/4/2002 15:25

Oops and a sell of 669k!

[ghhghh] 03/4/2002 15:13

Tony


Thanks, it was me.

I'll be nervous until next results give a clearer picture of what's going on but on the face of it the shares look very cheap and worth a flutter at the current price.

With luck no profit warning implies business currently atleast break even and the cash/property should therefore cover the current share price. A £10m turnover would not require much of a profit margin to galvanise the share price which values CTL at only £2.6m. Collins Stewart are forecasting £2m profit for 2003 for an eps of 3.6. Assuming PE of 15 would give share price over 50p.

Am trying to buy a few more at 6.5p but see three protected trades at around 100K each just gone through - assume this is covering my earlier purchase.

Regards

Paul

[minuteman] 03/4/2002 14:48

True, but if when they do "play the game" and are in great shape, the share price should take care of itself

[calleva] 03/4/2002 14:31

The market does not take kindly to companies not playing the game. Price 10% of value 2 years ago and still declining. Worth watching for more buying, though, IMHO.

[minuteman] 03/4/2002 14:20

To be fair news flow ain't bad, they just don't post RNS's ...all info can be found on there web-site in the press release section.

Wish I could find price they bought clourflow for..but like you say, tight with info... I do know that from speaking with the chairman, he is very cautious about the city and there relationship to dot coms, so he is playing his cards close to his chest to avoid mass press buy sell BS like when Times said take profit on Hornby at 270p (390 now) All the right noises are being made in their press room and I like the current and potential state of the company.

FREDDY is that you buying these??

[ghhghh] 03/4/2002 14:04

The 400K was a buy. The sell part, I would guess at 6.5p, will follow probably as protected trade at 4.20pm.

However there is a large seller but I get the impression not very large.

[minuteman] 03/4/2002 14:02

Think you are right Tony

Possibly accumilated over a period of the past week, would explain the drop depite the buys.

Lets hope they are out....It will be a director or institution..1% of company.

[tony14] 03/4/2002 13:43

Further to my earlier post a "T" trade for 400k@6.75p has been flagged as buy, but one suspects that this is the "large sell order being worked" that one mention in the above post. If the sell order is complete price should rise accordingly on any sustained buying but who knows.