Member Info for haggismchaggis1

Of course they will buy on the open market, they do this for a day job, they don't sit around for 6 to 12 months waiting and praying for a placing to happen!

We already know the placings were very oversubscribed, and LD might not have been invited into the latest round due to the brokers wanting to spread the shares around to other fund managers.

LD could easily have seen the placing taking place as a helping hand to buy a few million in the open market by pinning the price down, with LD agreeing a max price with the MM's of 70p, and the MM's filling the order at 69p. They don't need a placing to get a good deal.

AFC is faring very well since 12 January. Look at the staggering drops of the USA FC companies since then. Look at the huge losses of other peers vs their MCap's (yes, some have more cash than AFC, but the point is, they are burning it a lot faster, so they NEED more).

MCap's today vs the close on 12 January:

AFC Energy
MCap £495m (up £140m)
£4.2m Loss FY2020

Proton Power Systems
MCap £480m (down £131m)
£6.4m Loss (based on HY2020)

Powercell Sweden AB
MCap £1,010m (down £373m)
£8.04m Loss FY2020

Ceres Power
MCap £2,485m (up £323m)
£11.75m Loss FY2020

ITM Power
MCap £2,866m (up £171m)
£24m Loss (based on HY2020)

Nel ASA
MCap £3,030m (up £37m)
£28.02m Loss FY2020

Bloom Energy
MCap £3,050m (down £1,707m)
£58m Loss FY2020

FuelCell Energy
MCap £2,926m (down £2,588m)
£28.16m Loss FY2020

Ballard Power
MCap £4,390m (down £1,714m)
£29.6m Loss FY2020

Plug Power
MCap £11,270m (down £12,558m)
£395.67m Loss FY2020

I saw posts on the other thread about "dropping the price on Tradegate". They are not dropping the price, it is still higher than it closed here last Friday.

Despite the dilution from the recent placing, Law Debenture have increased their holding since 09/02/2021. I made a note of their holding back then for future reference.

09/02/2021
Law Debenture Holding
AFC Energy
UK
Oil & Gas
Alternative Energy
£8,208,000
1.03% of the Fund
76p close on 08/02/2021 = 10,800,000 shares

03/05/2021
AFC Energy
UK
Oil & Gas
Alternative Energy
£9,324,000
1.05% of the Fund
67.5p close on 30/04/2021 = 13,813,333 shares

An increase of 3,013,333 shares

I'd say that is close enough, but that they got a round number of 3m more, or 3.2m more (depends if they are using mid price or bid price for the valuation, including dealing costs etc), either in the placing, or the 2m @ 69p recent buy was theirs plus another 1m in another deal.

https://www.lawdebenture.com/investment-trust/nav-and-portfolio-information

Tradegate is at 68p, which is 0.5p higher than LSE, so I'm not sure why people are hyping up what's happening on Tradegate, basically nothing is happening, move along, nothing to see!

This board has plenty of clots though :-D :-D

Betting on a horse vs investing.

In both cases an intelligent person would study the form, this is no different to researching a company.

In both cases the person would only bet/invest what they are willing to lose.

In both cases you get some winner and some losers. With horses you can also get second or third or in some cases lower prizes, this is equal to cutting your losses when a stock goes down.

In both cases, nobody can predict the future, just play the odds that there is in theory more chance of a win than a lose.

The only differences with investing are that the race is only over if the company goes bust, or dilutes you so much that you will never see a return, or gets bought out while you are still in a lossmaking position.

"I wonder if its possible that afc took the acciona container with them on the extreme boat and are now dropping it off in spain"

No idea why they would do that. What would be the point? IMVHO it was still in Dunsfold undergoing testing, with Acciona and prospective clients viewing it when the St Helena sailed. We'll very likely find out next week, and I suspect AB will be presenting from in front of it on 5 May, and possibly the completed Julich system as well, and hopefully some panoramic views of the inside of the new factory.

You know EV's are taking over when.....

"The Tesla Model 3 registered higher sales figures in the first quarter of 2021 compared to models such as the BMW 3 Series and Mercedes-Benz E-Class."

https://www.team-bhp.com/news/tesla-model-3-becomes-worlds-best-selling-premium-sedan

It's news like this that fuels (!) even more people to go and look at EV's, and for more of them to buy an EV, especially the big fleets that usually buy BMW and Merc for their staff cars.

GarryParry, March 2009. You can see the dip below 1p on bigcharts.com. I missed the dip to 0.25p, but got in at 0.8p the next trading day.

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=UK%3AAFC&time=100&startdate=3%2F1%2F2009&enddate=3%2F30%2F2009

JohnnieW,

I have been permanently invested in AFC since March 2009, but I'm not a trader and never have been, I follow Warren Buffett style long term investing.

When I invested in AFC I understood the technology and what was needed to make it a commercial success. I decided at the time that I was prepared to wait for that to happen, because that would give me the biggest returns possible, potentially massive returns, and despite it taking much longer than was suggested by those running the company at the time, I have no regrets.

AFC actually turned the corner at the end of 2019, with the EV Charger roadshow, demonstrating that AFC had a commercial scale fully working fuel cell system. Since then it has been a case of building up the manufacturing, strategic partnerships and pipeline of clients.

People should ignore the BS about sales, because AFC didn't get to raise over £30m TWICE within 9 months on the back of nothing to show the ii's putting the HUGE sums of money in, and the ii's actually wanted to invest MORE!!, which should tell you far more about AFC's pipeline of clients than anyone on here posting negative spin about sales because it suits their trading position.

Frustration happens for the majority of investors whether they are short term ort long term, because they put a target price on the stock and a timeline to reach it, and when that does not happen, they get frustrated. It is not something that only affects long termers.

Following a Warren Buffett style investing minimises frustration, because you buy and hold until the stock makes you money, you only invest what you can afford to lose (effectively you write of the investment the moment you invest), you don't put a timeline on it, and you also don't care if the price goes down, because later on it can still go back up and make you a lot of money, then you just sit back and wait for fate to do it's thing, just like betting on a horse really.

Go to 16m 30s, it's very interesting. (so is the rest of the video if you have the time).

https://www.youtube.com/watch?v=VTRvLa7u2BQ

The future for oil will go on for some time yet, due partially to the selfish idiots that have not changed to an EV and say they never will and will continue to pollute the planet and nearby pedestrians by running their existing cars into the ground.

Another part is shipping, which will take a long time to get off fossil fuels. And there is aviation, where it's unlikely that anything long haul will go electric for decades.

And then there is the massively increasing petrochemicals and petroplastics business, where instead of selling oil, places like Saudi are already building massive facilities to convert that oil into higher value outputs themselves.

People like Ogggs still giving BS lame excuses why they haven't swapped to an EV or 'cannot', are just selfish idiots. The Judges ruling here clearly spells out the consequences of such selfish idiocy.

Germany's Constitutional Court on Thursday ruled that the country's climate protection laws are not extensive enough in a major win for climate activists, forcing the government to rethink its emissions targets.

The judges said the insufficiencies of the climate law violated the rights of the plaintiffs - many of whom are very young.

"The regulations defer the high burden of reducing emissions irrevocably to the time after 2030," the judges said in a statement.

The government has until the end of next year to refine the goals for reducing greenhouse gas emissions after 2030, the judges in Karlsruhe ruled.

According to the judges, if the carbon budget is already largely used up by 2030, this increases the risk of "grave losses of liberty" for those who have to implement tighter measures afterwards to reach the United Nations' climate goals.

The generation after 2030 would have less and less time to find technical solutions and implement stringent measures to limit global warming to well below 2 degrees or even 1.5 degrees Celsius, as foreseen in the Paris agreement.

"Practically every freedom is affected by these future emissions reduction duties, because almost all areas of human life are connected with the emission of greenhouse gases and therefore threatened by drastic limitations," according to the court statement.

In order to protect the freedoms anchored in the constitution, the government had to take precautions "to moderate these high burdens," the judges found.

The court said the government needed to take "precautions to guarantee a freedom-protecting transition to climate neutrality."

The ruling marks a partial success for several environmental activists and organizations which had sued the German government to implement more precise measures to fight climate change.

Luisa Neubauer, leader of Germany's chapter of the Fridays for Future movement and co-plaintiff, said: "It is an incredibly big day for many." Climate protection was a basic right, she added.

"We are super happy and relieved," said Sophie Backsen, another co-plaintiff. She added effective climate protection has to be done now, not when it is too late.

Environment Minister Svenja Schulze welcomed the ruling. "This is an exclamation mark for climate protection," she said.

Economy Minister Peter Altmaier tweeted the ruling was "epochal for climate protection and the rights of young people."

Parliament approved the government's climate package in 2019. The included climate protection law regulates the quantity of greenhouse gases different branches such as transport, agriculture or housing can emit in a given year. Targets for the years after 2030 were not yet specified in the l

IMVHO nobody is selling £2m of AFC. The placing was well over subscribed, ii's could not get the amount of AFC stock that they wanted, so IMVHO one of them did a deal with the MM's to buy £2m worth at an average price of 69p, hence the stock has been kept where it is to fill the order. If they have another block to fill then it will remain where it is unless there is significant news or significant shorting to make it move, however, the MM's could easily correct that afterwards.

IMVHO nobody is selling £2m of AFC. The placing was well over subscribed, ii's could not get the amount of AFC stock that they wanted, so IMVHO one of them did a deal with the MM's to buy £2m worth at an average price of 69p, hence the stock has been kept where it is to fill the order. If they have another block to fill then it will remain where it is unless there is significant news or significant shorting to make it move, however, the MM's could easily correct that afterwards.

beachandsurf, ignore the clueless Ogggs, you are on the right track.

Just look at the £2m buy reported today that actually completed yesterday at 17:34:35. IMVHO nobody is selling £2m of AFC. The placing was well over subscribed, ii's could not get the amount of AFC stock that they wanted, so IMVHO one of them did a deal with the MM's to buy £2m worth at an average price of 69p, hence the stock has been kept where it is to fill the order. If they have another block to fill then it will remain where it is unless there is significant news or significant shorting to make it move, however, the MM's could easily correct that afterwards.

If Ogggs dies horribly in mangled wreckage on the M1 from driving too long in one run, he/she will only have themselves to blame, as for the passengers, they can only blame themselves for getting into a vehicle with someone so stupid.

How should I plan for driving a long distance?
Even experienced HGV drivers are prevented from driving more than 9 hours in a day or working for over 13 hours in a day. Most car drivers are nowhere near as used to driving for this long.

Don't drive for more than 8 hours in a day
Take regular fifteen minute breaks in journeys over three hours
Aim to stop every two hours or so, especially if you're not used to driving long distances (Which means Ogggs and everyone else CAN drive an EV and stop talking BS!)
Plan journeys so that you can take breaks, allowing for an overnight stay if necessary
Don't start a long journey if you’re tired
https://www.theaa.com/driving-advice/safety/tired-drivers

Ogggs now on filter. As per the video, nobody in their right mind does more than 400 miles in one run without a toilet and coffee stop, which is enough time to charge the car up if needed, and it's only professional drivers do 500 miles plus in a day more than once or twice a year. All I hear is BS excuses to try and put negative spin on what is basic logic and intelligence from the guy on the video. You carry on ruining the planet for future generations, and ALL lif e on Earth, pillock.

Bull****. Get a brain FFS.