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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.

Good news, that will hopefully give Atome and MEN a boost. https://www.thetimes.co.uk/article/share-tip-atome-is-ahead-of-the-game-in-green-tech-v8h3jrzr3

Good news, that will hopefully give Atome and MEN a boost. https://www.thetimes.co.uk/article/share-tip-atome-is-ahead-of-the-game-in-green-tech-v8h3jrzr3

Up 13% at one point. Suckers rally or indication of increasing demand? Time will tell, but glad I got in at £26 a few weeks ago.

The sp has almost halved in the space of 1 year. I was speaking to a former AIM 100 MM recently. He claimed he could often swing an AIM sp by 10-20% either way with just £10k. That would certainly explain a lot. Breedon needs to get out of AIM and get listed on the main market. I don't think it will be taken seriously until it does. It is baffling why it hasn't done so already, given that it is a well managed company and could easily fulfil all of the listing criteria.

Given the circs, I'm amazed the sp has held up so well. Heading into winter, it could well do a Rolls Royce and slide into the 65-75p range.

My £26 buy limit was triggered today, so I'm in too, at last. Still holding onto my GSK and Haleon shares though, as I think the Zantac risk is grossly overblown.

I've been holding Wimps for almost 5 years now. Having reinvested all the divis in that time, I'm still down by 40% on my original investment (I bought at the then 2-year average price). I have almost 40 holdings and Wimps is among the worst.

I would love to be proved wrong, however.

Yeah, prepare to watch all the HBs soaring on Friday's announcement, while $hit share TW continues bouncing around in the doldrums.

Don't get me wrong. I'm happy to see PE interest here, but with sterling so low, why wouldn't US PE be interested in bagging this company at a discount? A 300p bid would be great, if you're a trader looking to make a quick buck, but hopefully, IIs will be mature enough to say, 'Thanks, but no thanks'.

300p is below break-even for me. I'd rather wait 5 years, when it will probably be 400-500p.

It should never have been this low in the first place. The market has just woken up to the fact that this is a bargain. I can see a quick rise to 250p, which is still cheap.

Don't get too excited. I remember RR surging to 120p near close a few months ago. It's now 79p.

The dog share has stirred. What gives? Perhaps there's a rumour in the City of an impending PE bid. Still, we'd currently be very lucky to get more than 250p, even with a premium. My average is 289, so I'd rather wait a few years for the sp to pick up.

I chose to do nothing. The message from HL in August said:

If you choose to do nothing
The shares will remain in your account and you may be able to trade these in due course, when the relevant sanctions have been lifted and if Evraz Plc appoints a new registrar.

I assumed the value of the shares would remain on my account, but it hasn't. Unless Putin falls in the next year, we can probably write them off.

That said, I only had £500 invested here, which had just about halved in value by the time trading in the shares was suspended. I sold most of my holding last year, in the face of the steel tax levy in Russia and growing belligerence from Putin. The risks seemed too high. Turns out they were.

In the next year, we probably have penny share territory and the FTSE250 to look forward to. After nearly 5 years holding Wimps, I've resigned myself to shoving it the back burner, along with a couple of other dog shares I was unlucky enough acquire. To sum up this holding: Dire in a HB boom and catastrophic in a downturn.