Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Proton Motor CTO & COO Sebastian Goldner is invited as a speaker to showcase the latest fuel cell innovations.
https://www.proton-motor.de/en/proton-motor-cto-coo-sebastian-goldner-is-invited-as-speaker-at-the-h2-forum-2022/
Wunderbar.
https://www.offshore-energy.biz/fincantieri-to-receive-proton-motor-142kw-fuel-cell-system/
with selling falafels, this company would make a fortune for sure
Hi MIKODX - Just double checked the logic, RNS and the historic prices and I am pretty sure my original statement still stands. But there are a few things that are not 100% clear to me... Let me try to explain this to myself :-)
There are more shares in issue today than before the split - that is expected. The split was a 2:1 so there are now twice as many shares in issue as there were before the split. Whilst the number of shares I held doubled, the value of my holding did not. The split was executed at around 33.5p so the equivalent price, post split was 16.75p or there abouts. Once my account was fully updated to reflect the split, my average purchase price was also halved. If this was a dilution, neither my purchase price nor my holding would have changed - there would have simply been more shares in issue making them drop in value due to the dilution. This definitely did not happen.
There are several aspects that are confusing to me though, and remember, I am no expert so there may be very simple explanations for some or all of these:
1. A share split is usually executed when the price of an individual share is so high, it discourages people from investing - in the £,000's for example. Not when the SP is a mere 33.5p. I cant imagine that level being a barrier to investment to any investor...
2. The updates issued by the company states that this split enables the company to allocate significant number of shares to the company's two main creditors in lieu of interest owed on existing loans until 2025 (I think). But where have those additional shares come from if the only action taken was to double the volume and half the value of all shareholders existing holdings? Unless maybe from the company float?
3. The initial notification also speaks of Ordinary Shares of 2p which do not seem to be affected by the split yet Ordinary Shares of 1p become Ordinary Shares of 0.5p.
4. This may be a simple case of all information not being fully updated yet, but Dr Nahab, now seems to own 166.24% of the company - which is odd (or is it, please correct me anyone if this isnt that unusual)
One final thought, and stay with me here :-) Market Cap of a company is a function of the share price x shares in issue - so the market cap today shouldnt really be that different to the market cap the day before the split as the SP at close today was just a little bit higher than the 50% of the SP the day before the split.
If I am talking nonsense, then I will happily apologise, but I think my logic regarding the split is sound... just have a few things that confuse me??
Swederew.
Good find taskmaster, that's cheered me up a bit. Surprised it wasn't RNS'd.
MIKODX - This is not a share dilution, its a share split. In simple terms, today there are twice as many shares publicly available for this company than there were yesterday, but each of those shares started the day valued at 50% of yesterdays closing price.
Swederew - I was hoping you were right about the stock not being diluted, but I'm afraid your wrong mate. Proton's valuation has slumped to a MCAP of £300M with now 1,550M shares in issue. At this level it could be a very long time before we see the likes of ninety and a pound again, if ever.
No worries MIKODX. I am no expert myself to be honest, but did a bit of research when I received the notification to vote. As you said, a stock split is usually seen as a positive thing, although normally when the share price is so high that it would deter private investors. Not sure that applies when the SP is a mere 40p. But the price action since has put me in profit..We will see in the long term. I am like you And planning to hold long term. I do keep seeing positive news about PPS ( well twice in the last few weeks - links below) not from Proton directly but from a partner. Which is odd.. but it does give me confidence in the future.
https://i-magazin.com/netzautarkes-brennstoffzellen-kraftwerk/
https://www.pv-magazine.com/press-releases/__trashed-3/
Thanks for the nudge 1sam1 just checked and it has been updated.
Thanks 1sam1 did you have to take any action or did this happen automatically. I am with Barclays.
HL updated my account yesterday.
All looks good.
Current SP of 20p is an increase considering stock split was at 32p.
This was a penny share anyway due to the astronomical number of shares in issue, so why do a 2 for 1 split which only increases the spread?Seriously, why would anyone invest in a share with a spread of 10.53%? You've got to make over 10 % just to stand still. Ceres Power have a mid price of 975 pence at the moment and a spread of 0.26%. what a contrast!
Morning. Can I ask if holders Crest Accounts have been updated posted share split etc. Mine hasn't yet been updated so I may need to chase with the broker. Thank you
Thanks for pointing that out Swederew. So busy lately I haven't managed to keep up with the RNS's. I'm no expert on stock splits but I've found that stock splits are often a sign that the company is doing well. Maybe there's something in the pipeline. Must say though that I'm happy to be getting more shares even though the value is the same, makes a change from it being sliced in half. If the SP stays above 20 and can start ticking up from there, I'd be more than happy.
Holding firmly.
MIKODX - This is not a share dilution, its a share split. In simple terms, today there are twice as many shares publicly available for this company than there were yesterday, but each of those shares started the day valued at 50% of yesterdays closing price. The opening price this morning (according to my trading account anyway) was 17p. The value of your holding at open this morning should be very nearly the same as the value of your holding at close yesterday.
Shares in PPS closed at 19.00p (Bid) today which represents a single day increase of around 11%. Obviously I dont know what that means in terms of the profit or loss of your PPS holding overall, but do totally agree with your statement regarding increased investment in hydrogen fuel technology - and that I hope that will result in an avalanche of sales of PPS products in 2022.
I think the way this split is reflected in your trading account differs based on your provider - my account showed a 100% loss for the entire day today and has only just been updated to reflect my holding being doubled. Its still not 100% correct. I suspect everything will be clearer in a day or two once everybodies data is fully updated.
Just checked my account and I've got twice as many shares as before. Still down 40% but having twice as many shares has softened the blow. If this can start ticking up then I might just be able to break even sooner rather than later. I noticed the dilution is not showing up at close of play today. When it does happen we might see more of a drop. Either way I wont be going anywhere. A lot of countries are now heavily investing in Hydrogen, so still a good chance this can come good.
If you are a shareholder, you should have been given the opportunity to vote on the 2:1 split. So nothing surprising here. The result was published on their website and the split applied today as scheduled. As Brianwills said, we have actually seen a fairly healthy rise today given that the 2:1 split was executed a closing price of 32.5p. It will just take some time for the new price to be reflected correctly everywhere. My actual share account is currently showing a 100% loss which I am fairly confident (hopeful) is a simple admin error at this point until my holding is updated reflecting the 2:1 split. No idea where the ideas that they have ceased trading had come from other than people seeing the (temp) 100% loss in their own accounts. This is a solid company with excellent products, a healthily expanding order book, backed by the owners. What could possible go wrong? DYOR. GLA. GSOH. LOL.
Last trade 15.10.41 so not gone yet.
I'd very much hope it's just a vicious rumour.
I'm hearing that Proton Motor Power is no longer trading... Is this correct or just a vicious rumour ?
Yes, I read it the same way 2:1 & my account shows double the number of shares held previously for the same total purchase price.
Yes wasn't it a straightforward 2:1 split?