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Aim, give it up son. Just come clean, you'll feel better for it.
Aim
And that’s the problem..,,duplicity, lies, all good in your book, so long as your narrative is retained you really do t give one……
As stated earlier, gloating at those who have suffered isn’t a nice thing to do, is it?
AIM you give a rat’s what other posters are saying ??????????
Not long now.
All views welcome.
No axe to grind.
Diamond
Check your maths and read the comment. Aim said that his holding was once worth £1.7M. Work that back, using your highest value and you have a holding of 1,819,154 shares. He stated that his current holding is worth £250,000. Using your lowest value, that means that his holding is now 1,373,626. By a process of deduction, there has been a disposal from his portfolio of 445,528 shares. On the basis that he stated that his average buy in price is 16 pence, it means that, all the while he has been spinning the "we're all in this together" line and berating people for daring to say that they have suffered losses (and even telling them, that they haven't because they haven't actually sold them) he has, in fact, been sat on a profit and has indeed sold shares. This is the kind of action that should be called out, hence my drawing attention to the numbers that just don't add up..
Aim,
I'm also in the millions of shares club. I'm also looking at adding another £50k worth when my inheritance finally arrives (only 3 weeks since draft contract sent, could be up to another 7 weeks by the time that happens).
Cheap share prices are not a problem when the company has a plan and over £40m in the bank to achieve it, in fact this is a massive opportunity to load up even more, ahead of the big sales of Power Tower and S Series. As you say, the drop is market wide, nothing was spared, not even Crypto was spared as money was taken out of markets and back into cash piles. That money will come back, it always does once those in control of it see the positive signs.
Lol
Hi Gitfinger, actually I don't think you are right.
I'm not here to defend Aim (not least because I don't have a clue who eh/she is), or anyone else for that matter, but I make the general observation (not about you, but about a number of regular posters) about this BB that the level of criticism and in many cases Vitriol posted here, when someone they don't like says something they don't like makes this a really unattractive BB... so I thought that given it would only take a minute, I would fact check your numbers.
On 29th Dec 2020, the share price (even if it was only for a minute) hit a high of 93.45p. A few days ago, on the 6th July 2022, it hit a low (once again, even if it was only for a minute or so) of 18.2p. So over that period, if you back-calculate and assume Aim had 1.35m shares, the value of his holdings has fallen from £1.26m to £245,700. I don't know his holding, but its very simple Maths....
Most of us are heavily underwater in AFC, and investors have the right to feel very aggrieved. I still believe the problem was the Company created a newer better product and every client understandably said they wanted that, not what was currently on offer... putting us back at least a year as AFC then developed the new fuel cell, clients started testing it and we started taking it towards full commercial production. In their Comms the Company has been absolutely terrible. But some of the condescending and aggressive attacks by some on this BB are worse. GLA all genuine LTHs.
Aim
Hmmm ....let's look at the numbers....if we say that the prevailing price is 22 pence, then if your shares are worth £250K, then that means that you currently hold 1.135M shares..........now correct me if I'm wrong, but the highest price achieved on this share was 79.4 pence, in December 20, so erring on the side of generosity, we could say 80 pence. That gives your shareholding a maximum value of £908,000 assuming a holding of 1.135m shares....a holding value of £1.7m would have required a holding of 2.125 million shares, so by a process of deduction by your own admission, you will have sold off a modest 990,000 shares since the portfolio was apparently worth some £1.7M.........
So basically all of the "I'm in it for the long haul, crap" is just that...crap because all along you have, in fact, been offloading like a good 'un all the while you are praising the company to the heavens.....talk about duplicity in extremis!
So you have more than 1.7million shares Aim?
So, you are currently in profit, well good for you!
However, do you not think that berating others for commenting that they are sat on a large loss (having bought in at a far higher price) and then arguing that there is no loss until the shares are sold (which is illogical, and flies in the face of all accounting conventions) is actually a pretty damn crass thing to do. You're basically saying "Don't carp about the price, because it doesn't agree with my narrative" whilst not actually being in the same position as those who you are berating, who have suffered as a result of their investment in a company which they obviously did. at one time believe in . Talk about rubbing salt in the wounds, Mr "I'm all right, Jack!"
Aim
OK, so the average price of your holding is 16 pence. On the current valuation, you are therefore still in profit. I therefore concede that there is no requirement for you to account for any loss, because, at this point in time, there is indeed no loss for you to account for.
Could imagine you might still double your money if you keep holding.
Sorry Aim it should read £1090000 profit so even worse. Wow!
If that's the case Aim you must be mad that you missed all that huge profit on your 1.7 million shares? If you'd have sold at 80p you'd have made £1009000 profit whereas your profit now is only £96900! That was a huge mistake Aim I'd say!
mr average is 82p lllllllllllllloooooooooooollllllllllllllllll ffs bought theses babys right on the roof
No conformation on whether the current value of your holding exceeds its composite cost Aim?
Aim
For the sake of absolute clarity, the current value of your total holding is in excess of the total price paid for said holding?
If this is indeed the case, then I fully accept that you have not made a loss on your holding in AFC. My stance has always been that where there is an ACTUAL negative balance between the prevailing market price and that paid, then this needs to be acknowledged. If we were at cross purposes, and your interpretation was that I was suggesting that you should recognise the difference between the highest peak price and the prevailing price (a sort of coulda, shoulda, woulda accounting policy) and your buy in price, then I apologise for the lack of clarity.
Obviously you care or you wouldn’t bother responding…..I just like pressing buttons and exposing those who are basically full of wind and p***
The thing is Git, Aim has not lost because he doesn't own any shares. No-one seriously believes that he has 1.7 million but some like to pretend to support his preposterous position as he is never critical of AB or AFC, which helps with their ramping agenda. He's one of "the crew"
This is the thing, always sell into the rise and buy on the fall….rinse and repeat gives you a respectably low averaged down price. To be fair, it’s sat at just shy of 10 pence so not actually in a loss at the mo, but I have of course reflected the pregnant gain in the revaluation reserve. Of course this won’t actually become a distributable profit until the share is sold, but it’s nice to know that I have recognised the profit….. have you recognised your loss yet?
What's all this "We LTH" business.........being a member of the uber positives isn't a primary requisite for being a LTH...you can be an LTH and still express an opinion that is at odds with that promoted by the happy clappy gang......
"the miserable crew have held sway for far too long with their relentlessly negative crap"
or
"the deluded crew have held sway for far too long with their relentlessly overly positive crap" which flies in the face of in imploding share price.....
It's the duplicity that irks.....
I now await the usual "but you're not really a shareholder" twaddle which is the standard response when faced with an uncomfortable fact.
I think we LTH need to gang up to swamp the board with positive messages..... the miserable crew have held sway for far too long with their relentlessly negative crap. Any new investor will be scared away by all the self-indulgent, repetitive talking down of their own investments. Come on folks!
well done cameron norrie....if you follow tennis.
Git. give itt up..ffs, the lth are still here....just about.....
Wet Puddle
Feel free to express your crass stupidity here all day long and give us a good laugh…..