Member Info for Hardboy

"which is a premium of 33% to the closing share price on Thursday." Someone is not very good at arithmetic! It may be 33% premium to where SMDS were at the time of the initial interest, but only about 15% to yesterday's close.

The offer is not 373, it's Mondi shares worth 373 at the time of the offer. They are down over 3% this morning.

Open around 349. Markets devaluing Mondi's shares or not sure it will happen

I hate it when strategic decisions have to be made because of bean counters' arbitrary rules and regulations rather than sound business reasons. Unless you're about to run out of money whether a payment comes in in March or April does not really matter.

"Should jump to 373p"

I'd be surprised. It's not a done deal - and it's in shares not hard cash. My guess is somewhere in the 360s.

I wonder what price it will open at tomorrow.

5%: "What I really need is a shares or investment forum where can discuss wider issues than single shares"

Join SIGnet - https://www.sharesoc.org/signet/

Depends where you live as to how useful it will be. They are working on getting national coverage so everyone will have a group close enough for them. I've found membership very useful. It's certainly helped me get a lot more disciplined as an investor. (As I'm on the National Committee I can give more info if you need it.) They will have a stand at the Master Investor show on Saturday.

"it's crucial to understand that the ammonia in question is essentially green hydrogen in a more transportable form."

Absolutely - Hydrogen is a great source of energy; BUT it is difficult to store and transport. This is where ammonia comes in. Ammonia is relatively easy to store and transport, so if there is an economical way of converting ammonia back to Hydrogen, that's great.

Does anyone understand the reason for this? We had the results - very well received, all comments I read were supportive, the share price went up as expected, now it's tumbling.

ITM make hydrogen by electrolysis of water, which is an abundant product (too abundant in recent days!)

AFC's Ammonia Cracker makes Hydrogen from Ammonia, which as has been pointed out has to be manufactured.

It's hardly comparing like with like.

Tobacco Companies are seen by many as an unethical investment.

Let's see - they plant a lot of vegetation which takes CO2 out of the air, they employ a lot of people in developing and frontier economies, an analysis of the FTSE100 I read recently said BAT was in the top 3 for ESG Governance.

They also make a product which may be harmful, but a lot of people enjoy. There are plenty of other things which are harmful to our health made which people think it's OK to invest in.

Is it that much of an unethical investment?

Charts are brilliant at telling you history.

Https://citywire.com/investment-trust-insider/news/buy-this-renewable-fund-s-clean-and-well-covered-7-dividend/a2437283?re=118082&refea=1719049

It hardly finished the week on a high when it started it at around 13% higher!

"In FY 2022, H&T's sales were £173-941m of which retail represented "only" £45.197m"

Which is just over 25%.

No - Good steady as she goes. And what fantastic future visibility of income.

ReoninV, Good history lesson. When I first looked into the fuel cell sector - nearly 20 years ago, I got the impression that every University in the world was working on fuel cells in conjunction with a major energy (or energy user) company. Most fell by the wayside over the following 10 years.

"I think AFC is almost a pondesy scheme." - A Ponzi scheme is investors are paid money from new investments coming in (Like the State pension scheme - How is that legal?) I don't see any shareholders in AFC being paid anything.

Thank you both for your replies.

As always I will DMOR & draw my own conclusions.

What I do think, though for H&T is their results in a couple of weeks will likely trigger a big move - possibly greater than the results merit. Watching with interest.

No. We had an after hours RNS last night but that was just to say the Pension fund had bought more shares. No idea why the drop today.