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Hi Richlist,
Its always the way that when you work for a company in a position with access to all of whats going on, you will always have a better insight than an outsiders even if all the 'facts' are out there.
With innovative companies like AFC, once a corner is about to be turned it would be difficult to be not advantaged by the feel within that company.
If things go to plan, hopefully with corners getting bigger to turn over the next few years, it would be difficult for any insider not to have an investment advantage, meaning that insiders like Rennocks would find it almost impossible to buy/sell shares without using insider knowledge.
If he had bought knowing 100% that a contract or similar sp zooming news was about to be released, I think that would be the only obvious insider trading.
That is why his but and any other inside company buys, sends to me a great big signal that we are about to enter one of those sp zooming corners.
I appreciate would have as much or probably more investor knowledge than I, but that my thoughts.
Regards Rooky
I wouldn’t have thought it would affect a warranty announcement from De Nora as the warranty hasn’t been issued yet, Rennocks knows the same as the market in that the testing is ongoing and past the recent milestone.
Does JR's share purchase mean that there won't be news of De Nora's warranty in the next 30 days or so? Perhaps the demonstration unit doesn't require a warranty so they'll wait until the new year to release the warranty news, ahead of news of any contracts.
Also good to see JR finally investing in AFC. He took a lot of criticism at the AGM and on this board and could have bought in the 4p-5p region. Credit for that.
And not forgetting we took the tech to the usa .Would be nice to know who that was for
Thanks for that athanasius the immortal one. Glad I'm still in your thoughts
Exactly. I'm trying to be grounded but it's been one of the best months for news in recent memory and I'm enjoying it.
just looked at the hydrogen councils members some fairly huge names on there.
Yes I do risky. The hydrogen economy is coming fast and we have to be part of it.
Don't forget who we're in bed with on the hydrogen council.
Yes, would go along with that view......although not huge money its a decent buy considering and who is to say he might not have another.
Or, who is next from the bod?
Do you think? I hope so. As I have most of my holding in an ISA tax free growth and income would be fantastic. Unless of course the government shut that avenue of non taxable income down. Would be fantastic to get dividends in the medium term 2 to 3 years from this.
Now you're talking risky. But, having said that. If all the latest news comes to fruition then, £1.50 would be small change.
I hope you are right as I would hate this to be stolen from us now. Although if they were offering £1.50 a share I would probably bite but as Cheekboy says it is probably unlikely if Schroders have bought some more.
What we do know is that De Nora are very positive of what AFC has now got to offer. Mirka talks about mergers and acquisitions in their latest ‘ In Touch with Mirka’ video.
https://www.denora.com/DNWT_News_Issue6_Sept19.html
Now my money is on De Nora having a stake in AFC but IMO not a take over. Perhaps when AFC are truly commercial and profitable a buy-out could happen.
I have not often (ever) come to Rennock's defence in the past but, as Mucksy knows, I am a fair and balanced poster.
The 2018 accounts show that JR was paid £50k. Let's presume 2019 is similar. I am sure he will be a 45% taxpayer so his net remuneration after tax will have been about £27,500. His shares yesterday cost close to £12,000 and so he has re-invested over 40% of his 2019 gains back into AFC.
That doesn't sound unreasonable to me and I view it as a vote of confidence. I hope very much that JR's share 10-bag for him. Mainly because that means mine will too.
Risky, no chance. Not in the foreseeable anyway.
The company has a draw down facility and possible income in the pipeline. Also, with Schroeder's and JR buying shares , I can't see a vote going in favour of a buyout. Definitely not at these undervalued prices.
I know this has been disscussed a few times but as commercialization draws near is anyone concerned about a buyout. I would be pretty rubbish for those that have waited years for thsi to happen.
Probably waiting until 1 year continuous operation had been achieved, could explain the awkwardness answering why he hadn’t bought in before, couldn’t really say if the electrodes fail before the 1 year is surpassed we’re all doomed
Hmm,
There is far more information to come within the next month not yet shared with us.
That is, unless they plan to tell potential customers at the open day that AFC cannot share details of the EV charger product with them..
We are still waiting to hear all about it. John Rennocks already knows all about it.
Does buying shares today avoid description of insider trading?
Well I hope Schroders and Mr Rennocks know what they’re doing, after Bmac returned to this board after ten years, like a prophet from the wilderness, to give us his expert opinion......
LOL
Most people on here, myself included hold way more shares than Rennocks has just purchased.
If he had bought a few million shares THAT would have been a statement.
Hey Ho, its a step in the right direction i suppose.
Perhaps people will stop bending his ear about it now