Member Info for DD77

Volmer - do you have a link to the broker’s research note? When was it produced?

Volmer - the current market is not favourable, but with inflation easing and signs that interest rates have peaked, together with expected impetus into the UK equity markets from government incentives, the market appears to be turning a corner. We've had 26 months of consecutive outflows from fund holders, this will turn and when it does, the market will follow.

There are also £6.1m worth of warrants outstanding at an average of 22.5p. If ONDO execute, the SP will appreciate and you'd expect more of those warrants to be executed, which will lessen the requirement for a future raise

Placing price was 20.5p. I'm not surprised to see it fall back to near this level.

I agree they will most likely have to raise further funds, and £5m would perhaps have been more appropriate and I concur that Craig would not have wanted that.

I don't see any basis that the next raise will be at 15p though. It could be, for sure, but that would only because ONDO haven't delivered on their strategy. If the roll outs are successful and further contract awards are announced, then I would expect 20p to be the floor and any raise to be no lower than this (could well be significantly higher). I think you'd be foolish to hold out for a lower entry price, as that will only materialise if the company doesn't deliver

I don't think so. The executed prices were 5.50 and 5.70 - the prices were considerably above the ask, hence logic dictates they were buys and the price has had to go up to execute. Be interesting to see trades today, as that should confirm

Wow 2 chunky buys going through - around 2% of the MCAP.

Looks like I'm timed my entry right for once, with my purchase at 4.25 some 10 days ago. Lots more buys again today.

Skid - did you bite the bullet?

A number of hydrogen projects currently experiencing significant delays atm. I'm working on one with a large energy company in Scotland and delays have been over a year now due to planning and BEIS

Exactly Drutor, a complete waste of time and money. Concerning if this is the only material development happening

You only need to look at the likes of Velocys VLS to see the challenges at hand in this sector. There will be more losers than winners

Lots of buys going through today, I wonder if news is imminent

My top up yesterday looks quite opportune for once!

I cut my losses in BMN and chucked it in here...........hopefully make my money back and some

GTC are not alone in the small/micro cap space in taking a hammering in the SP over recent months. I don't agree that all these initiatives with partners require RNS, that's pointless. It can be mentioned in any trading update.

The lack of updates on H2Green is troubling IMO. I expected to hear about funding agreements in place for these, given GTC can't fund these initiatives. It makes me think that they're engaged on divesting H2Green

Had a feeling he might be the background seller. Hopefully he's now done

£128ks worth I think you'll find........so 2% of the shares which is pretty significant

It's a vote of confidence for the Non Exec Director to purchase 500k shares. I realise it's only c. £18k worth but should allay fears of an impending raise and any other issues lurking

A fire sell!

Given the SP fall today, they would have to be sells

Someone is getting out looking at those huge sells. Expect we'll see a holding RNS shortly

Thanks Fevertreeman - the last part would also seriously concern me if I was a client. The trust is lost, and you cannot rely on SCE to deliver.............so it doesn't get the relationship off on the right foot if you can't deliver what you initially promise. Credibility is lost and becomes very hard to regain. I will hold off for the foreseeable until there are tangible improvements visible. I expect it will tread water for the next 12 months

Makes you wonder why Scobie Dickinson Ward was increasing their holding in recent months...............surely they would have knowledge of this?

The bigger concern is the impact on 2024 and whether we will need to raise additional capital.

In addition, regulatory delays in India and a number of other countries have resulted in delays to some product launches; whilst this is expected to have a limited impact on the Company in FY23, this is likely to affect performance more materially in FY24.

Revenue in FY24 is now anticipated to be approximately 28% lower than market expectations of $23m, due to lower levels of inventory being maintained by the Company's distributors and regulatory delays in some territories. The Board intends to review operating expenses accordingly.

Very disappointing to read............I know the targets were ambitious but the SP decimation is painful and a grey cloud will hang over until they clarify the impact on future cash position. Raising funds at this level would be a disaster