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Have been monitoring the liquidity on the bid and offer the last few days with dummy sells
TheIt appears to be significant liquidity on both sides and a relatively stable share price
Something has changed , I am now coming to the conclusion that a stable share price is a requirement for an institutional Strategic partner placing as opposed to a falling share price for a Schroders And Adams mates rates placing
We are moving in the right direction but without the big seller it is pretty clear that this would have gone a lot higher. Even just looking at Tradegate every morning/evening you can see what happens once LSE is closed and the seller is no longer around.
I notice that large block of 3M shares on the ask have gone.. I guess just cancelled? Perhaps they had second thoughts.
Well thats less than a days volume at todays delayed sells. Although that may not be accurate.
Banaman, I was just looking at a couple of sellers asking 28.5p for 3.1m shares to clear stop-log.
why £883,000 ? What is the significance ?
Waiting for someone to buy £883,000 worth before the price starts to move upwards again.
Athansius, If it was me I may be looking to take some profit and hedge my bets by buying here. As you may well have done. I really hope ITM can continue as it is really good for green tech sector.
I work in the energy industry for an operator and I will say that hydrogen is becoming very popular as an alternative to gas. I also sit on a British standards committee and will say that there is significant work going on regarding hydrogen distribution through existing networks to prove that it can not only be transported safely but repaired and maintained safely. In 10 years time I think the UK would look very different.
I am not convinced that hydrogen should be used as a fuel for burning, that is where a fuel cell comes in. I appreciate that burning H2 is carbon free but if this is used to produce electric why nit just use a fuel cell and a chemical reaction. Power is more likely to come from energy hubs rather than mass produced power stations. There could be 1000's of mini networks supplying energy to local housing, retail parks or the likes. Again, the AFC product would be ideal for something like this particularly if it can be fed with hydrogen from a distribution network.
I would like more info on the "deal" its testing is it not?
Hi Banaman
I agree too. That said I think all accept that ITM is ahead commercially....that's why their MCap is so much higher. It is precisely this that I think gives AFC more headroom so I was wondering why the ITM investors are still so wed to ITM going forwards rather than backing the share with the headroom.
I'm not sure there is an obvious answer but thought I would ask the question. I could have purchased ITM today, but for the reasons below went with AFC. I really can see a £300m MCap this year and a SP of 60p. With a decent following wind.
28p will look very cheap soon
Good for you and a decent sized purchase! Nice to read your logical thought process which I found reasoned and positive.
I agree it is far more logical to compare with Ceres. ITM is of course has a bit of a buzz at the minute, I usually look to compare that to NEL. As for Ceres, they perhaps have products which have been more in fashion than AFC, though when you look at the products AFC are currently offering, and the direction the trend is heading, I think these products are close to having their deserved moment of recognition.
Athansius, I read your post on the ITM board today. I agree with the response. AFC are just not there commercially as ITM are. That is why AFC perhaps provide better value with greater head room. It is difficult to deliberate over buying more shares when you are perhaps already holding a significant quantity. I hope it was a good decision for your own peace of mind and everyone else who holds AFC Energy shares. Onwards and upwards
Having had my finger on the buy button all day I have just become one of the buyers and added 71,000 shares to my ISA. It might dip a bit, but there is also the potential for a sudden spike up. Reasons for adding are:
1. The construction news this week is material. I have always felt this to be a ready market, and it is less dependent on longevity and the cost of H2. Having done a deal with a huge company. all other construction firms will need to consider their position
2. I think W H Ireland will significantly increase their target SP which we know is actively under review following this week's news
3. I am presuming that AFC has timed the media storm to coincide with real news
4. The gap between our MCap and Ceres (deliberately not mentioning ITM.....they are not in the fuel cell business) is untenable. I see no reason our product, which is more unique, should not be as, or more, commercially successful.
5. I do not think Alkamem is priced in yet
6. I am expecting EV-related orders very soon
7. AB stated explicitly that there are MOUs that have been signed but not publicised yet. This is a different situation to the MOUs of old when we had a product that didn't work and a market that was not ready.
8. Someone said on this board that he is expecting further collaborative deals following the Acconia announcement. I agree
9. AFC has no debt. I do not think there will be a fund raise within the next couple of months. (warning...this statement makes one tomorrow more likely)
10. I am hearing more and more political comment about the H2 economy, and specifically the need to support EV charging. This has been backed up with cash.
So I pushed the button.
I did a dummy trade for 500,000 shares and got an immediate price. Don’t think I’ve been able to sell so many in one go at this kind of price. Clearly there are also buyers in the background!!
GLAH
Jim