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The sector must be due some blue days, especially with the US sector seemingly recovering a bit in recent days. Mind you, what is really needed is a nugget from AFC to distinguish it from its peers at long last.
It has all gone very quiet about the postponed British Motor Show but it looks like it is back on track with AFC as a sponsor and exhibitor. It would be good to get some more information from the company about this excellent opportunity to promote the EV charging solution which will be far more advanced than when the company first mentioned the show in December 2019.
https://thebritishmotorshow.live/test-drives-at-the-show/
The AFC Energy Alternative drivE experience
Dedicated purely to Electric vehicles, Hybrids and Hydrogen. We'll have all the best cars available for you to check out up close and test drive at the show. Suppliers will be on hand to answer questions and talk you through all the latest technology.
It absolutely stinks that the "AT" trades come in thick and fast to knock the SP each time that it tries to recover. We all have our pet theories about what is going on but I am as certain as I can be that this has absolutely nothing to do with AFC's progress or potential and everything to do with controlling the SP. The fact that this can be done so blatantly speaks volumes about how the market is supposedly regulated.
It looks like these AT pushbacks are getting increasingly aggressive and in concentrated bunches so I suspect that this is a sign that their shares are running out and that the reversal is close but time will tell as ever. A strong US sector performance this afternoon might just do the trick, finally.
I still think that the whole sector is due a strong rebound sooner rather than later. At least CWR and ITM are back in the blue again after the earlier fall and Plug is 10% up in pre-market so the rebound might be starting after lots of false starts!
If people have been shorting then they might be searching for the buy button right about now looking at the sector recovery from this morning, including in the US at the moment.
Let's just hope that the sector continues to recover in the US this evening, with Tradegate responding appropriately, as we wait for AFC to finally release some news that will stop it being blown around like a leaf in the hydrogen sector wind!
Well, Plug is up 4% after opening over 5% down so there is a chance that the bottom has been reached and that people will start piling back into the sector.
Thanks, BB2. They popped up in a recent search so maybe they have updated something but probably nothing new.
Sorry, just realised they were commissioned a while ago!
Has anyone seen this consultancy firm mentioned before as AFC is a client?
http://www.element-energy.co.uk/a-selection-of-our-clients/
I do like how Sharecast reported the buys yesterday. Funnily enough, I bought more at the same time at the same price! Gift horse and mouth as it should never have gone below the placing price? Time will tell.
Directors dealings: Spouse of AFC Energy chairman buys in
The spouse of AFC Energy's chairman, Gary Bullard, picked up some shares in the hydrogen fuel cell manufacturer's stock.
According to the company, on the day before, Elaine Sullivan purchased 40,000 shares at 55.3p for a total transaction amount of Β£22,120.
https://www.google.com/amp/s/www.sharecast.com/amp/news/dealings-round-up/directors-dealings-spouse-of-afc-energy-chairman-buys-in--7916144.html
Segedunum, how about "BurningsShorts"?
ReoninV, I agree that there is no need for sympathy. Mind you, it still bothers me that certain people, including the last poster, would say or do absolutely anything to profit from other people's misery. The way that the board gets taken over by them during falls in the SP is too transparent for words, yet some people seemingly keep falling for it each time.
Johnny, I agree 100%. It is threads like these that everyone should read whenever there is a bear attack. Ultimately, if people stopped panicking and selling into them then they would not work.
IMHO, AFC has incredible potential and if it realises even a small fraction of its potential then the current valuation will be greatly undervalued. This is essentially what AB said at the webinar despite what the trolls want us to have heard.
Quite amazing how different the board was today without the trolls and derampers. Sometimes, I wonder how many people on here are actually shareholders and how many are just people who pretend to hold as they subtly (or not so subtly) deramp, quite possibly as a pack. Whatever happened to all those panicked, nervous holders who call anyone who suggests that there is shorting/manipulation a conspiracy theorist or worse?
Yours sincerely, a naive, conspiracy theorist!
The idea that the market cannot be manipulated is absolutely absurd. People make billions our of it every year and they have numerous ways of doing it. If this was a struggling sector with a bleak future then I would buy the idea that it is normal market movement but when the main companies in a key part of the green revolution lose billions in MCap between them in a few days then it doesn't take an insider to work out that it stinks and that some people are making a lot of money out of it.
I agree that none of it wil matter long-term but, in the meantime, I am not going to fall for the narrative that those who are trying to profit from the fall want to paint (until they buy back in if course).
Each time it looks like the attack is over, another co-ordinated wave comes in across the sector. If this doesn't suggest manipulation then I have no idea what will.
I suspect that some people have made a lot of money by betting against the hydrogen sector this year, especially the last few days, and I wonder when they plan to plough some of this back into the sector. Rinse and repeat, pending major news.
It is interesting to see the short notes from Zeus and WH Ireland today, with the latter saying that there were over 750 participants yesterday.
This looks like a positive step and opportunity. I forget how many institutions that AB said are now on board but I think that it was somewhere near 11. Add in today's event and some more might come on board .
Quite frankly, I think that it defies logic that Β£35 million was invested at 64.5p 3 weeks ago and that a much smaller number of trades can lead to the recent drop. Whether games are being played or not, there is clearly a lot of money out there and logic suggests that if 64.5o was such a good deal 3 weeks ago then 58p should be seen as a bargain. Time will tell as ever.