Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Excellent news. The divi will certainly sugar the pill while this climbs back to something like a normal market cap. How it ever got so low is a mystery.
I remember being tempted to buy in at 500p in late 2015. Dodged a bullet there. Bought at 100p last year, only to watch them dive to 70s. Glad they are now on the up!
Sold my holding today at 25% profit. If it was paying a decent divi, I'd have stuck with it, but I think it may have peaked for now. Even if it hasn't, 25% in 18 months will do for me.
If you held this through the pandemic (I did) and watched it halve in value, you're hardly going to be spooked by a 10% drop. It just means cheaper divi re-investments for another year.
A lot of investors have obviously had enough of playing snakes and ladders with BARC and are calling it a day. The bank seem regularly to hit the headlines, for all the wrong reasons. Look forward to it bouncing around in the 160-170 zone for another year. God knows, you should be used to it, if you've held this share for any time.
I've been a BARC holder for several years (mostly at a net loss). It's like LGEN: It pays a decent divi, but if you're looking for growth, forget it.
The fire platform comment was a little Ratner- esque and I’ll-advised, given that the company is in a tentative recovery. It was bound to be the headline, regardless of what else he had to say. Will it affect RR in the long term? Almost certainly not.
I bought in here at 73p last April, so I'm very happy to see the gains since then. The intra-day price fluctuations can be crazy though. An ex-AIM MM once told me he could swing some AIM shares 10-20% either way with just £10K. I wouldn't be surprised if their isn't a bit of that going on here. In the long run, it doesn't matter though, as the SP is obviously moving up on very good results.
I bought into ICP at £10.53 three months ago, mainly for the excellent divi. Great to see the market cap rising since then.
I think many people are overthinking this. It’s just a crap holding at the moment, probably for no particular reason. Just stick it on the back burner and forget about it for a while. It will probably double in two years.
I’m sure this dog share will take off eventually, but it’s obviously going to be a very long haul. It’s one of my worst FTSE buys, along with Wickes and Taylor Wimpey (at least they are paying a divi though).
Hi Dimi123. I appreciate HB is cyclical. The problem with Wimps is that it couldn’t even rally in a housing boom (TW has lost circa 40% during the most recent housing boom). I don’t think there is anything particularly wrong with the company, but the City clearly hates it - and the sp is going nowhere.
Sorry to be so negative, but in the circumstances, I think I’m entitled to be. As I said, I’m hoping someone will make a bid, then at least I’ll cut my losses. Meantime, it stays on the back burner and we’ll see where it is in another 5 years. Thankfully, I hold more successes than failures. Rubbish like Wimps are a good reminder of why it’s important to have a diversified portfolio.
I think there is still a good deal of hostility toward the project from (previously enthusiastic) local investors who made poor investment decisions regarding Sirius. It is unfortunate that investors lost money there, but it was a risky investment and you only had to read some of the comments on the Sirius mb to realise that some people were risking far too much of their money in Sirius. Sadly, greed and naivety can overtake common sense when it come to investing.
Not even the property boom of the last few years could boost this share's dreadful performance, so why anyone is expecting it to jump, as we go into a property correction, I don't know.
The best thing would be for PE to put in a bid of 150p and put holders out of our misery.
Having bought in at the 2-year average price, I've held Wimps for 5 years, reinvested all the divis and I'm still down 32% on my original investment. Even following safe, textbook investing strategy won't help you with this dog share, I'm afraid.
I'm not a judge or a medical expert, but having seen some of the the 'evidence' on which these lawsuits are (were) relying, it was pretty clear months ago that the cases had little chance of success, which is why I was happy to hold and wait. Presumably the remaining state lawsuits are relying on the same evidence (or lack thereof) and are therefore unlikely to have any greater chance of success than the dismissed Florida class action. The shorters obviously scarpered in early trading today and the sp will most likely return to its pre-spook norms over the next few weeks and months.
You win some, you lose some. It wasn't that low a probability, given the ever-present risks in this sector (fuel prices, strikes, terrorism etc). Had I not been able to get in cheap, I'd have been quite happy giving it a miss.
As one of the 'doom-mongers', I said here on 23 Aug 22 that "I think we'll see 90p before 150p." I was right. BTW, 90p was my buy limit.
Good luck if you've just bought in, however, for us long-term and long-suffering holders, this is probably the beginning of the slow crawl back to a decent market cap.
For those who do not have a Times subscription, here is the text of the tip:
Share tip: Atome is ahead of the game in green tech
Lucy Tobin
Sunday November 20 2022, 12.01am, The Sunday Times
Amid the energy market and fertiliser crisis created by war in Ukraine, the value of Atome Energy more than doubled to 152p. The only pure-play green hydrogen and green ammonia producer listed in London was seen as a saviour in the transition away from Russia’s oil and gas.
Then the shares sank to 75p — below Aim-listed Atome’s 80p float price last December — alongside a general sell-off of new energy amid the realisation that the journey to green hydrogen is a much, much slower burn.
It is one that is worthy of interest, though. Atome, now trading at about 90p, stands out from its rivals for its focus on the production of green ammonia from green hydrogen.
It will be made entirely renewably and carbon-free via electrolysis from hydroelectric power, mostly in Paraguay, with another project in Iceland. Currently, most hydrogen comes from electricity from coal or gas, so Atome can help decarbonise agriculture as well as the heavy goods and shipping industries.
Atome has only just begun building small operations in Paraguay. It is, though, ahead of the market.
After fast-tracking production more efficiently than rivals, it is soon set to receive a 1MW electrolyser for a site near a hydroelectric dam in Paraguay. That dam generates energy 24/7, unlike wind and solar power producers, and is expected to be producing green hydrogen to fuel Paraguay’s buses and barges before the end of next year, meaning revenues will start to trickle in for Atome.
“The value of this work is fairly marginal,” said Sam Wahab, renewables analyst at Liberum. “But it shows proof of concept — that Atome can achieve sales of green hydrogen — and bodes well for larger projects ... and sales outside Paraguay.”
Once green hydrogen technology has caught up to serve global transportation in a few years, Atome will be primed to boost production.
The £9 million raised at its float looks sufficient to cover current projects, and Atome’s well-connected board — chief executive Olivier Mussat previously worked for the World Bank — has lined up an array of potential green hydrogen customers.
Atome also has first-mover advantage, and good commercial locations — Paraguay has both spare energy capacity and a government that is strongly encouraging green hydrogen technology.
In a drive for real cashflow and yield, investors may have overlooked Atome’s potential. The firm is pre-revenue, but it’s not far off.
This is a risky punt but one with potentially significant rewards. Buy Atome.