Member Info for H3RO

More likely crying into his laptop that he didn't buy in around 3p...

Founded almost 20 years ago, pieces of the puzzle finally coming together with the commercially ready reactor huge scale up & you are worried about it being a going concern HAHA

Looking very bullish now. The Fischer-Tropsch reactor is HUGE & will be sought after all over the world. I expect further deals to be tied up in Asia very soon.

I always see posts mentioning Shell & BA but never The Department of Transport. Surely, the government body of transport being a co-investor is very significant...

Lets not forget - Canaccord Genuity increased their broker target from 7p to 15p last week. Pi's only holds 17% of stock, once II's sort out there dealings then this should fly. People spouting about rampers/p&d have no idea...the market here is largely controlled by II's

How do you know it's Lansdowne?

You can see he sold at 4p by his posts lol No credibility in his comments whatsoever.

BA & Shell backed with funds before approval, surely they will back this all the way now!

Very strong approval by the looks of it! Amazing & passionate presentation by VLS.

Agreed. Surely has to be 3p+ by end of the week!

BOOM! Back to 4p for starters then!

I'd say it looks more likely to surge onto 4p than consolidate to 3.1p!

I believe depreciation costs are included in cos so net profit more like 450k?

Will be a struggle picking up anything under .50 tomorrow. No placing shares left on the table for MM's - Expect the volume to turn them inside out throughout the week. Very confident SP will continue it's way to 1p+ - If any contract news lands then all forecasts are out the window! GLA

Hmmm yes agree this could be the case - It's basically a win-win scenario on the BTC price. However, BTC price going up will propel the SP up & attract new investors - In my view this is more important over the short/mid term.

It's a luxury to be able to cancel the dividend. An instant £4m savings! 99% of companies will have the same uncertainty surrounding Covid. I personally don't think the service sector will be hit anywhere near as hard as Manufacturing - Most Lawyers will be working from home & continue recurrent billings. I'm an accountant & nothing has materially changed. Possibly the biggest issue will be clients going into administration. Still a very strong buy at these levels IMO

I'm expecting the results released in July to be very positive. Fantastic growth in H1 & majority of H2....Covid would have only really affected the operations in Feb/March. Operations in greater China now back in full swing GLA

90% of the Asia revenue comes from Greater China- expectations are that operations have resumed.

I'm getting the numbers from the presentation - The Partner participation payment is part of the Cost of Sales which then gives you the gross profit. The partner payment isn't deducted from OP Profit. Comparing the partners participation to the Operating profit is completely wrong - As an example, It's like saying in a conventional manufacturing company that we paid Suppliers 61.7% of operating profit....doesn't work like that!!

Agreed that there will be a hit to the market, large parts unknown. However, I work in a UK professional services industry & billing hasn't taken a hit like most would think - Accountants/Lawyers will always have a bulk of recurring costs that will be charged throughout the year...we aren't just sitting on our hands!

I personally think the drop has been way, way overdone & results that come out in early July will be robust.

As always DYOR.

'Most of the Profit is taken out by the partners' is incorrect. From the latest HY figures Partner participation was £9.1M which left a Gross Profit of £18.8M, a gross margin of 42%. Once overheads were deducted it left on operational profit of £7.3m. These are decent numbers, especially when operations are weighted to H2. I expect the Asia market to be back to full operations now, they contribute the majority of Revenue from the overseas sector - over £20m PA

The correlation between BTC & ARB shouldn't be directly compared % to %. Effectively, once above the break-even point is hit an increase in BTC is going straight to the bottom line. If you say a fair P/E is 10, then ARB mcap should rise 10 x that of the BTC profit increase.