Member Info for Bananaman2

PE is also 4.5 which is very low. If the price was up to £2.60 the dividend at 18p approx reduces to 6.9% and PE will also return to a more normal level. It will still look relatively low but perhaps a correction in SP is due.

Only thing possible is that the final dividend is cut to 6p giving a 12p full year dividend and reducing the yield to 6.3%. This would not correct the PE ratio. Also not sure how likely it is for MNG to cut the dividend.

What is likely is that if this stays at this level I am personally likely to buy more and just hold long term.

Did he buy them ? It states zero consideration ?

Considering the dividend cut this year but the yield being still over 7% it would suggest that the SP could run up a little to bring it back in line.

Just added 5500 today with a long term outlook.

It get better everyday

Forgot to add that as Opex and admin will be relatively low because licence fees do not incur a cost of sale, the revenue generated will see a significantly high margin. So on £500m turnover it is likely that PHE could redistribute around £350m in divis. That is roughly 8p per share. But when PHE do have 1000 licences in place in the next 5 years perhaps. The market cap could be 20 x £350m. Only then could you possibly value PHE on a sensible PE ratio but it will have one of the safest revenues in the business and a pretty good divi

You could base it on actual profit but the growth will be significant so what would be the PE ratio to use ?

Just look at Tesla with their PE well over 1000. Its because the tech is disruptive simple PE multiple of 20 for argument sake is not how you value a business like PHE or AFC for that matter. Its not about justification of MCaps today but what they will be worth in the not too distant future.

One of the biggest considerations are the ESG credentials. PHE covers each of these very well so it can be considered an ethical investment.

Anyway, if we were looking to us PE ratios, a PE of 20 would be conservative. However, using that figure PHE would need 300 licences to pull in sufficient revenue and profit to achieve a £3bn MCap. That is not a number which is out of reach by any means. Howard White is talking 100 in Poland and perhaps 100 in each EU country (there is 44), 1000 in Thailand alone, then you have the 77 identified in the UK and not forgetting Asia, Australia and Americas.

So MCap as you can see is based upon potential which is also huge. 1000 units will bring revenues of £500m more or less risk free every year for 20-25 years. PHE do not have to manufacture the units or cover the cost for this.

Is a £280m MCap too high for a company with no revenue ? No its not, not with this tech and this potential. Just look at ITM and CWR not forgetting many other fuelcell and electrolyser companies.

Massive amount of buying in to the close. all shown as sells. 7.108p was the buy price, don't be fooled otherwise.

go on...…….round you up to what Dr A ? I think I could take a good guess ;-)

I added another 50k shares at 7.108p. I have no doubt it will show as a sell.

Market has gone nuts today. Huge correction.

61.8 FIB is at 1.51p approx.

This is criminal this drop. There is no volume to speak of, no sell off, its absolutely disgusting that the markets are manipulated in this way.

There is a BTC frenzy which I have greatly benefitted from but it will cost some of the late comers an absolute fortune. My focus is coming back to this sector again as its looking more and more unloved.

final shake out this morning. I take very little negative from the results in respect to Greenfield and the prospect of this over the coming weeks being a very fruitful opportunity at this level

So why when the advertised price is asking 59.9p and I want to buy 10k shares will it not let me have them. The market is telling you there is a big sell off to drop in this way over the last week or two yet when you want to buy at that price...……….....nothing. Locked out.

I get the feeling we are going to see the next leg up at some point in the next few weeks. maybe the bottom has not been found yet so sitting on hands may be the best option for me

Nope. Can't even buy 1000.

Tried a dummy buy for £75k and was having none of that. Then £50k.......nope. Then 10k shares........nope. all the way to 999

If you want to pull the price 7% then it must indicate large selling. There must be stock available to fill my buy order. You cheating scumbags

So in just 6 and a half weeks Extreme E will be utilising thr AFC Energy hydrogen fuel cell for vehicle charging. Shown to 200m + people around the world. This is an excellent showcase and demonstration for AFC technology. Seems we are going through a but of a quiet period but be sure that the AFC team are not doing nothing. Come April Acciona site trials will either be underway or very close to starting. Either way it was always H2 2021 that is likely to be the most transformational news rich period. Best of it is AFC will have systems ready for deployment as they receive the first batch from BK Gulf this quarter.

Thats what I feel cheekyboy. Someone in the background accumulating quietly.

Spooked about what though ? This sector just a few weeks ago was the global recovery plan. Market is so fickle.

Back to really low volumes. Market is off rainbow chasing elsewhere.

Vauch. Had wondered the same thing. Would answer a number of questions.

Yep. Further erosion and slippage. I'm not interested how much the SP has risen. EQT are still undervalued. Keeping my eye on this now for further top ups as its getting ridiculous. Same with AFC Energy.

Yes. Quick to deploy, install and commission. Up and running already and producing energy. I wish there was more focus on SAEs tidal business from the market. It really is superb.