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I have only been in the stock 2 weeks, I have been interested in hydrogen stock but it always seemed a long way off delivering, but plug power have a viable business model in replacing fork lift batteries with hydrogen fuel cell. The existing fork lift fleet about 6 million world wide plus 1.5 new fork lifts a year gives a big room for expansion. The battery forklift days are number, to run a three shift system you need three battery packs, at the end of each shift you have to change the batteries, using a over head crane, the battery tray is very heavy, remove the battery and put it on charge and replace it with a charged battery for the next shift takes about 30 minutes, during the day the forklift runs slower has it discharges. The hydrogen fuel sell takes two minutes and lasts the whole shift on full power the hydrogen fuel cell lasts about 6 years the battery packs 3 years. The battery fork lift are ok if used lightly, but Amazon, Walmart, Home Depot are already using hydrogen fuel sells and Asda, M and S are trialing in UK. The fork lift is bringing in revenue now but is only the start, heavy Lorries, Local delivery vans are being targeted with hydrogen refueling right a crossed the USA. There was a comment about there not being much interest on LSE boards that is because it is a US stock, if you look on Yahoo Finance there is more than 500 posts a day, and zero on Greatland Gold. I am 55% up in a week and I would expect a dip in the share price but with new announcements promised in the next few week I will hold.
jhaylock
"H.C. Wainwright analyst Amit Dayal raised the firm's price target on Plug Power to $60 from $30 and reiterates a Buy rating on the shares. The doubling of the target is driven primarily by expectations of an accelerated hydrogen deployment environment in Asia that is being supported by a $1.5B strategic investment from SK Group based in South Korea, Dayal tells investors in a research note. The analyst believes the strategic partnership announced last night should enable the adoption of hydrogen fuel cell systems, hydrogen fueling stations, and electrolyzers in South Korea and other key Asian markets. Dayal is now projecting 2030 net revenue and EBIT for Plug Power of $12.9B and $3.9B, respectively, compared to $7.4B and $2.0B previously".
Strange how a stellar performer like Plug has such a quiet Board compared to many underperforming stocks!
These energy plays are doing well. I am behind those with greater foresight but still hoping to have doubled up in the not so distant, if it can just keep going. I think it will, and I see the industrial applications as a driver.
Guys this is something I am going to use to try and get my head round what has happened with the placing. I will fine tune it with your help over the coming weeks. Lots to discuss and I hope it helps.
Column A. CURRENT Share Price
139,594,769 (143 MILLION) shares.
(Consolidated 15:1)
Column B. Share Price AFTER Dilution.
2,093,921,536 (2.1 BILLION) shares.
Column C. Share Price BEFORE Dilution.
1,122,003,328 (1.1 BILLION) shares.
Column D. MCAP.
A. B. C. D.
80p 5.4p 10p £112.2M
96p 6.4p 12p £134.6M
112p 7.5p 14p £157.0M
129p 8.6p 16p £179.5M
145p 9.6p 18p £201.9M
161p 10.7p 20p £224.4M
177p 11.8p 22p £246.8M
193p 12.9p 24p £269.3M
209p 13.9p 26p £291.7M
225p 15.0p 28p £314.2M
241p 16.1p 30p £336.6M
257p 17.1p 32p £359.0M
273p 18.2p 34p £381.5M
289p 19.3p 36p £403.9M
305p 20.4p 38p £426.4M
321p 21.4p 40p £448.8M
337p 22.5p 42p £471.2M
354p 23.6p 44p £493.7M
370p 24.6p 46p £516.1M
386p 25.7p 48p £538.6M
401p 26.8p 50p £561.0M
Notes.
1. Sorry the column headers don’t line up.
2. MCAP = No of shares x Share price.
3. Capital Raising Total New Shares = 971,918,208
4. 5 for every 9 Open Offer Shares total = 623,335,182
5. Open Offer “Accepted” = 271,937,350
6. Open Offer “Declined” = 351,397,832
7. Sir Roger Firm Placing = 348,583,026
8. Sir Roger Open Offer placing = 204,250,307
9. Sir Roger Conditional Placing = 124,183,026
Addition info.
The total 5 for every 9 Open Offer shares (No 4)+ Sir Rogers Firm Placing (No 7) = Total New Shares issued (No 3)
Sir Roger (No 8 + No 9) almost took the whole of Open Offer “Declined” shares (No6)
Column D. MCAP.
A. B. C. D.
80.4p 5.4p 10p £112.2M
96.5p 6.4p 12p £134.6M
112.5p 7.5p 14p £157.0M
128.6p 8.6p 16p £179.5M
144.7p 9.6p 18p £201.9M
Column A. CURRENT Share Price
139,594,769 (143 MILLION) shares.
(Consolidated 15:1)
Column B. Share Price AFTER Dilution.
2,093,921,536 (2.1 BILLION) shares.
Column C. Share Price BEFORE Dilution.
1,122,003,328 (1.1 BILLION) shares.
Column D. MCAP.
A. B. C. D.
80.4p 5.4p 10p £112.2M
96.5p 6.4p 12p £134.6M
112.5p 7.5p 14p £157.0M
128.6p 8.6p 16p £179.5M
144.7p 9.6p 18p £201.9M
Me too. Been watching for over a year. Lost a load on Lb-shell a while ago but think this is the way forward.
Dipped my toe in, this could be the oneeeeeeee