Cleantech Lithium Share Discussion Threads

[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?

[nav_mike] 20/6/2002 00:41

Delayed as over 3 x NMS methinks

[dmhzx] 20/6/2002 00:37

I didn't even notice a trade, and was beginning to think the shop was shut for summer

[nav_mike] 20/6/2002 00:22

In case in anyone is remotely interested (or even still awake!) the 14.25k trade was mine.

I now have 50k and will double up on first solid sign of good news

[minuteman] 19/6/2002 23:30

Which is exactly what I was saying, only some "investors" really are day traders. Nowt wrong with it, just (like you say) the wrong stock to do it in.

Regards

[nav_mike] 19/6/2002 18:22

With respect, we all know what this share is like - a minnow with only two MM

You have to invest in this one not trade it and that means 6-12 months. Plenty of other fish for the T10 brigade to play with.

[minuteman] 19/6/2002 16:20

You're right MM's have made this ridiculous for the Traders to make any cash!, But like I have always said, this stock should (imho) do you proud and be sat nearer 50p than 10p given a year.

All imho, etc....

Good luck Mike, will also add on good news and a significant break out of this trading range (or lack of trading range)

[dmhzx] 19/6/2002 13:52

So your £1000 trade was deemed to be so large that
a) the MMs delayed reporting it
b) Instantly raised the offer to 7.5, in case it caused others to panic.

Which resulted in the spread going to 20%, which the damped down this over exuberent market.

Not getting at you NAV_Mike, just in awe at the way the market works.

This is one share where the MMs seem determined to set the spread just right so as to prevent any sort of market if at all possible.

Good luck with it. Yours may be the only trade this week.

[rangers99] 19/6/2002 00:15

Was full year not end February?

[minuteman] 18/6/2002 15:32

Full year ended 28th February, and no not getting impatient! Obviously would have liked to see them by now, but waddaya gonna do?

Will add further on good news and results!