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Well I for one am looking forward to a reversal, and with the SP now through my Bollinger bands it surely can't be far off.
Disappointing for those that bought on the last spike.
If it goes below 1p not to worry we were at 0.44p a few months ago.
Bollinger bands give me the creeps. Many follow then psychologically and it is like Sod's Law....?
They're giving me the creeps at the moment too! Agree re. price. I would imagine (not ramping...! just imagining!) that we'll see something of a recovery towards the end of the month with Aries news, plus some of the expected RNS we could do with. Having said all that I'm in it for the long haul, just a bit of a bum-squeaker watching the chart at the moment.
Afc now appears to have bottomed out, at approx. 55% down. Eqtec and PHE should be in a similar position, so at the risk of repeating myself and others from the last week or so, bottom now?
Hope so Norfolk
Don't really like saying bottom reached as many said that at 2.2 then 2 then 1.8 and here we are. Nevertheless it's either get my money back now when it goes back up or not fussed about how much lower it can go now. At over 50% down too much of a loss to crystallise so will just ride it out
Ouch sharepricer. It's been an extraordinary couple of weeks and I feel your pain. What's weird is that there's really no obvious trigger. A 50% sustained fall is just donkey-nonsense without any concrete cause. My only thought is either there's concern about the cost of borrowing as interest rates rise to suppress inflation, making it more costly for EQT to acquire/launch projects. Or that it's a weird perfect storm of sector sentiment (other similar companies have lost large %ages over the last couple of weeks), the director sale (which would account for maybe 5-10%) and the anticipation of Ares case news.
One thing's certain - a positive RNS will be very warmly received (not least by sharepricer !) and add MCap value.
I had a chance to sell out In Jan following the Billingham spike. Lowered holding a little and within seconds it dropped backso decided to hold out rather than sell at a loss. Hindsight would have been a good move to just take the small lose then and bought in now at this price but thats what you risk with trading. Think we just have to keep on track with the long term view even if this drops to 1p levels
I to am down 50% and feeling like I have been royally shafted; slowly too!
I really..really hope they dont do a share consolidation exercise just before they announce their Company's profits.
It's been done before to me and that would be devastating for everyone unless you own 100million shares...
I have had to follow my head rather than heart here now. While I fully believe the company will rally in the near (possibly very near) future, I've set my stop loss now, which will exit me at a reasonable profit still. If we go lower tomorrow, it's likely it will be executed, but I'll be keeping a close eye out here ready with a buy back. Hopefully it wont come to that!
It is depressing seeing a continual fall and I feel for those underwater (I am too on a number of other stocks!) So I am also thinking of selling some or all here. My average is 1p but others who got in at 0.3 to 0.6 will still be in healthy profit but right now it feels sentiment is against all things green. I do believe in Eqtec but if I can (try and) make money elsewhere in the meantime..
Been in before in others where ended up cutting losses only to see it rise up almost double in a few days so not going to fret this and sell off yet anyway
The trouble is, if you sell now and watch it go right back up again you will be gutted.
There is no obvious reason for the fall other than the sector as a whole was maybe a little frothy. Even that doesn't really make sense regarding this stock though because in terms of market cap compared to say ITM and proximity to revenues compared to others in the sector this wins hands down.
I am baffled. but will certainly not be selling.
Funds being moved to travel etc as lockdown unwinds I imagine is having some impact short turn
What an awful day today . Unfortunately we have also had to stomach the poisonous drivel from a couple of distasteful trouble makers . What possible pleasure anyone could take from that sort of infantile behaviour is quite beyond me .
The reasons , and there are many , I think have all been aired on here now . I believe , and hope , that we have now reach the bottom of this sell off , It is just so typIcal of AIM ; stocks which capture serious attention always overshoot on the way up and then overshoot again on the way down . Without news , these gyrations are technical , we just have to live with it , or of course sell if you can`t. Those pesky MM`s love and I suspect encourage these situations .
I haven`t sold any shares , I don`t intend to , and ~ fwiw ~ I will be buying again , whatever the price around the end of next week .
Some calming statement from DP would probably be welcomed , but any positive effect may be short lived . What we need is confirmation of at least some of the promised contract deals . (Plus the end of that wretched CC.)
These indicated events will most certainly happen and as we move through the year I remain totally confident that this Company will go from strength to strength . The worst is mot likely behind us now and shareholders just need to be patient while the business starts to perform and the share price regains and exceeds its currently lost ground .
Norfolk ~ and others ~ I hope you wont feel the need to sell ~ but I fully understand the pressures .
VGL All Investors .
18.01 ~~~ I agree Pedro !
It would be a tragedy should some of those invested here are effectively forced out by `force majeure` .
If you believe in this company and it’s future then you should not sell unless you are forced to by personal circumstances. Is Eqtec going to go bust? Is the company going to be taken over at a very low share price? Is this sector a lame duck? Will the current sentiment against green stocks continue indefinitely? Is Eqtec’s technology a load of old ****e and we have been sold down the river by a load of con artists who have no concern except their own pockets? I think the answer to all these questions is ‘no’. In which case the current uncomfortable falls in the share price should not make you over fearful. All IMO. DYOR & GLA
To add to Ant8's comments - if EQT had suffered this (painful) reversal alone, I think we might rationally conclude that something is amiss. However, that is not the case - all stocks in this sector, ITM, Ceres, AFC, PHE are all down by similar amounts. NEL is down too, but by not nearly as much.
The explanation, I think , lies in UK government action, or inaction. Very little encouragement in the budget for support for the hydrogen biased economy. In addition, the evidence to the parliamentary committee was not particularly favourable. Contrast that with the EU, which perhaps explains why NEL is down by far less.
The govt is due to publish their hydrogen strategy shortly - this could really be make or break time for the others companies I mentioned, as well as EQT. I do feel that govt support is absolutely essential for success here, but much, much more importantly, to meeting our carbon neutrality 2050 target. Sadly, whether we like it or not, it will ultimately come down to politics.
I'm struggling to understand the drop. Loads of thoughts and conspiracies... But one is.. The government green bonds.
From what I understand so far is the bonds will be stored at the Green investment bank.
The investment bank is now fully privatised and the government has no part ownership.
From what I can find is that the bank invests in projects.. But I can't find if the bank invests in companies... Hence if they do... Is the retrace to allow big IIs to get in?
Pure speculation.. And I don't like writing speculative posts but... The volume recently, buy out trading sells and still the SP plummets.. Not just here though.. PhE volume, buy to sells recently have not warranted a 30% drop from last week.
Only time will tell.. Any one know more on the green bonds? Hopefully u will just say I've got the wrong end of the stick. Cheers
Fears about inflation likely to take off because of the stimulus packages by Govts around the world has led to a switch from growth stocks to value stocks hence the rise in the FTSE and fall on AIM
The T 19.13 "..The govt is due to publish their hydrogen strategy shortly ...."
I had a look at the build back better announcement and saw that the hydrogen report is due in the next 6 months.......not necessarily the next 3 months. Some waiting for us to do.......
Syngas isn't only about Hydrogen. In fact I'm sure I've seen it written somewhere (in an interview?) that EQT aren't focusing on Hydrogen.
Don't disagree, Ant, but it seems to be "tarred" with the same brush. It is a sector issue, specific niceties are being over-looked, at the present time. It will win out, will just take time. At these levels, I suspect LTHs will be rewarded, but would hazard a five-year horizon.
5 years? Absolutely no way. Too many impending projects in the pipeline that imply an orders-of-magnitude increase in customer base and technology implementations, and a very welcome non-dependence upon exclusively UK markets. The mcap here is currently 91mill. Twelve months, it will be at least 250mill and quite possibly considerably more.