Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I think most things are now factored in. Drops won’t last. Bulls want to buy and it won’t take much to cause some uplift. Russia don’t want war because they need to keep selling gas. Might take a while but it’ll be resolved. The Nasdaq isn’t sure which way to go, but at the moment it doesn’t want to drop.
Daz, so the only logical conclusion you can come up with is that AFC want the share price to drop, thereby allowing investors to buy more shares.
How about; they don’t want it to drop but the sector says otherwise, or they’re building units for Julich and Acciona and they’ll release news when ready. That doesn’t suit your negative narrative though.
I’m not blind and I can see what’s going on in the USA and European markets.
Sturmtrupper, announcing a decent contract would move the price but an MOU or similar won’t do much at all. Might be worthwhile long-term but there’d be a blip upwards at best. Undoubtedly the tech companies which can make money will recover the quickest but until then we’re stuck with the others moving in the wrong direction.
With regard to AB, if he wasn’t aware of shareholder frustration he certainly is now and he’s probably as peed off as everyone else. I don’t agree that he should go just yet as he’s managed to sign some very good (albeit jam tomorrow) deals. I do agree that the fifty plus ‘qualified enquiries’ should have been spoken of as just that, without reference to the term ‘order book’ as it does look a bit like gilding the lilly. Maybe the system is too big or expensive for most; who knows. Maybe our customers still want it and we’ll lease the system.
What we know is this: When something is announced it’s pretty good (ABB, VARD) and often follows a period of perceived inactivity. I don’t stress about timescales these days as I can’t change anything. I do want to see some momentum in the business and fingers crossed it’ll work out this year.
As far as selling some shares is concerned, it’s what we’ll all do at some point but we might take a bit longer for our price.
My final thought re AB is why people think that someone else would be able to sell the product any better than him.
Opinions differ but that’s healthy. As I’ve mentioned before, I read every post and filer no-one, even if I’d sometimes like to pi55 on their cornflakes.
All of those should come together around the same time. Julich and Acciona were delayed due to issues ‘on the ground’ (whatever that means). I’d like to see us honour those contracts otherwise we look a tad unreliable, even if it wasn’t our fault. Mace hopefully by end of Q1 and ExE should be in the bag. As for Urbanair-port, it’s pencilled in for April.
In reality these are all ‘knowns’ and unlikely to affect our SP positively, but maybe they’ll attract future investment.
Garonne, big investors in tech began adjusting their positions about one month ago, hence the slide. They anticipated rate rises and took action. The Fed then began to talk openly about raising rates and the rest is history. Once the correction is over (we probably aren’t out of the woods yet) things will stabilise…….until next time. This is why you can’t blame AB for all of the ills within the tech sector. That said, I’m just as happy as you to see a rise.
Garonne,
1. This drop could last for a while, so I’d suggest you and others write a letter to AFC to present your case if it’s so concerning.
2. Sell, soon. You’re getting poorer by the day. There’s no point asking if this is a dotcom style correction because nobody knows.
Meanwhile, I will hold.
Garonne, does this mean you’re finally seeing the sector trend? Laying all blame at the door of AB is quite ridiculous. Any good news in this market would have been sold into. I’m not saying he’s perfect, far from it, but he’s not responsible for U.S. interest rate hikes either.
Marc135, I doubt there was a bid process. Probably due to ABB’s influence that AFC have been selected. Whatever price the company quoted is fairly irrelevant as customers have been given a ‘take it or leave it’ offer. If orders materialise it’ll be a big win for us.
Sturmtrupper, all valid points and I do see why investors are wary of AB.
The Nasdaq correction was too good an opportunity to miss and I’m not convinced it’s over yet, so I’ll buy more when I can.
I don’t blame Bond for lack of sales oddly enough. They’ve developed further iterations of their product, which should find favour in what is still a market in its infancy. If ExE can find out about AFC then I’m sure others can too. It’s all about orders and I’d like to see them from other sources, not just ABB. I’m confident we can produce a system to their requirements and probably ahead of schedule. The issue is that we’re a one trick pony at the moment. If ABB say ‘no’ it’s going to hurt our SP significantly. Rambling now, so I’ll stop. Just my general thoughts.
I have no desire to share a doorway with AB. No doubt his would be Waitrose whilst I’d be languishing at the entrance to Poundland.