Oh! woe is someone! And future placements to raise money by this way must now be off the cards too as potential new investor confidence must surely be shaken after the recent share plunge fueled by total lack of management news on WTFH is going on with this company? And how they intend to protect shareholder interest and value when the company is ripe for a technical Intellectual property grab for pennies in the pound.
With the shares trading at 1p it's high time the CEO made a statement to reassure shareholders and the stock exchange that "the board of directors know of no reason why the company's shares have declined so abruptly. .."
A subject surely up for discussion in many places of late. Mr Abramovich and his cohorts will not be thrilled by the board's perpetual inability to protect shareholder value at the very least, and give us all the returns we expect from the global potential CAP products have.
Despite the steep dive to below 2p this is NOT due to panic selling by major stakeholders - there are virtually no trades valued above £2K, with lots mostly under 100,000 shares. At this moment, most trades in region of 2.2p. Abramovich is not bailing out. But there's a game going on with CAP which most probably won't be beneficial to most small or larger stockholders.
Investors and the market need a statement from John Pettitt on this share price dive without delay.
What are we to conclude after the nonsense of a director taking the plunge to buy £500 worth of shares!! a few weeks ago and now this supposedly 'tightly held' stock plunges 40% on 'bad news'? It IS still tightly held, and only small traders selling small orders are panicking to cut losses. There are no 500K trades being dumped on the market at fire sale prices. The underlying intellectual property IS real and HAS value. A lot more than the present £7.5M the market prices it at today! Nobody would be able to buy out CAP for 50p a share or even £1. The 'owners' are going for global gold, even if it takes longer than they expected to hit the mother lode.
"...John Pettitt told me the £1m of fresh equity was raised to provide working capital headroom in advance of potential orders from Russia and the US later this year. He wants to be in a position to meet customer demand promptly if this business comes through as hoped..." If the future was so rosy way can't he go to ANY British bank and get a loan to increase production to meet demand?? THAT is what the City does: lends money to vital growing businesses. Or am I confused? They only gamble and expect taxpayer bailouts when they bust out. Clean Air Power management need to focus on shareholder value and start MOVING units, not talking about the 'future'. It's here now, and truck fleets never needed to cut costs more.
This company's been around since 1991. Longer than most punters have been playing the market. But still management know nothing about inspiring investor confidence, nor generating shareholder value. That doesn't seem set to change any time soon. But a takeover could be on the cards to acquire the company's IP which have a lot more long-term value to a diesel engine manufacturer than we're see reflected here in the share price.
As a stockholder for many years this company takes the cake for 'weirdness'. On BUY from top brokers and analysts. And already bought into by R. Abramovich, Positiveframe makes the understatement of the year "... this has to be one of the most undervalued stocks around." when a 19-unit sale jerks the price up 15%, and has it hovering up 10%. Most of which will be gone tomorrow. The market IS huge! So why aren't we seeing 1900-unit sales? There are MILLIONS of diesel trucks in Europe & the USA - NOT counting Russia. And tens of thousands being sold new each year. Management just can't seem to get their act together for major licensing deals to diesel engine manufacturers.
Olip If you suspect something amiss, report it to LSE and they will investigate all trades
Directors who bought in at 9.6 are also taking a beating, like the rest of the faithful. If you believe this stock is a possible take over target at this price (only £15 million value is laughable for existing IP rights, market footprint and name value) then BUY is the only thing to do. Manana will be too late. Classical aggressive American management strategies would have taken what CAP has had going for it over the past years and turned the penny-ante 6.75p share we are holding today into a $6.75 share by now!
With a little help from his friends Mr CFC pushes CAP share volume up for the usual daily <100K totals to cracking 10 million as suddenly people discover ( as I said long before) CAP is ripe to be taken over for its IP rights alone by either Americans, or Russians. And as CAT or Cummins didn't jump at the opportunity although CAP equipment has been running on their diesels for years, the man form Stamford Bridge stepped up to the plate, and brought some well-heeled opportunist nomenklatura with him. The vodka's in the freezer, while champagne chills...
Immediately out of the gates on the bell, sellers hold out for 10% more than Wednesday's close with a 10K lot hitting 9.85 but it remains to be seen if the market at this level will support the 100K+ size lots traded a few days ago
This should broaden the appeal somewhat and give the market a little more stability
Nobody is running for the fire exits, Olip! Not even a total of £15K worth of shares traded so far. Some crazy odd-lot trade valued at £17.89. Brokerage & stamp duty would be almost as much again. Who is making these penny ante deals? Given the volatility (and upside potential) of CAP any shares bought under 8p have to be considered highly desirable
The CNG boys are back in town & CAP has pedal to the metal @ http://www.actexpo.com/ Now if George Clooney or even petrolhead Jay Leno was on the stand, things would really rock. T. Boone Pickens or Warren Buffett dropping in would be a big plus too.
From the June 13 RNS a glimmer of more rapid sales expansion and marketing deals in the USA as CAP advises: "...Clean Air Power has continued to make significant progress developing a Genesis-EDGE product suitable for the important US market and the Group intends to exhibit the first prototype vehicle at the Alternative Clean Transportation EXPO 24-27 June 2013. The US represents a significant and growing opportunity for Clean Air Power as the increasing availability and relatively low cost of natural gas drives ever greater customer demand for natural gas vehicles." Also stressed in the same report is how President Putin in driving Russia to get on the natgas trucking revolution ASAP. It would be no surprise if CAP is not taken over by Russian interests. Although this would annoy American interests, and inshallah a bidding war breaks out for the general merriment and beneficial interest of the shareholders. Alternatively, as the intellectual property has already been stolen by Chinese hackers and the NSA the stock is destined to remain the plaything of penny-ante day traders and misguided idealistic green eco-shareholders with more money than sense.
Considering UPS in the USA plan a fleet of 900 natgas powered trucks next year and gas filling stations are already in along most major trucking routes for long haul, CAP just doesn't seem to be on the crest of the wave in the USA after their association with Navistar went south. We need to hear management telling us what the strategy is to crack the US heavy diesel market
Bigger players positioning themselves in recent days as parcel size and overall volume kicks up noticably. Even a 500K buy. And 299K @ 10p. But as the majority of broker targets are only 12p is that all these punters will be in the game for?
Last hours of trading today saw no deal under 10K shares, with 100K @ 10.65 and all the rest of 50K so serious buying interest has returned with the few sellers that there are, making buyers pay their price Back to 11p on Friday would not be unreasonable as shareholders are sensing that after the brief period of frivolous profit-taking, the market has now turned the corner onto the road to real profit and are not about to cash out prematurely