Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Over half the volume of today are actually buys at 14.35 and the SP didn’t change yesterday or today, the UT made it think it dropped yesterday and put the price back today. Low volume and no change the last two days
Good to hear Twiglett. Wonder what they are working on with Prime
If we had sold 100 power towers two months ago the SP would still be where it is now. It’s the markets. Until we hit a recession and get inflation down it’s going to be like this no matter what the company does. If we get a sale, it will rise but then dip again within a week or two. Good if your a trader, irrelevant if your long term, bad if you need to get out now.
Cham, so we are in line with Meta then. Wonder if their board want Mark Zuckerberg out too. I’m fact I think you would be hard pushed to find any of the worlds top 100 companies that have not dropped in the last 12 months. It’s crazy that people who invest don’t look at financial markets. Must be a lot of amateur shareholders here. If you were not in this for long term why on earth would you pick clean energy as your stock choice?
Daz I guess it depends what the changes are. I would only think they will be minor. Plus they have two months of feedback from the other one in Spain. Probably early 2023
Does anyone know if there is any clout in the comment regarding the estop regulation that guy has commented about on the LI post?
Same will apply for the six weeks, they then go back, make amendments ready for orders. Not that 6 weeks 1 day one million orders come. Takes time but it’s going in the right direction
Fair enough Garonne makes sense
Garonne, honest question here as I genuinely would like to know the answer. You bought in the late 60p mark, then in November last year the SP reached 65p which you thought was value enough to keep all your shares in AFC. It was at a time when we were waiting for sales and none had come. What’s changed (other than the SP) since then? AB didn’t give us news then, the company was clearly R&D stage like it is now. Just wondered why you kept your shares in AFC at that point? Would of been a good time to trade up and move into something else.
IBC building up to be a huge game changer for Bird.
Nice to see Grass Valley is our ‘Powered by Blackbird’ Huge company who have their fingers in just about every pie going. Grass Valley website updated their partners earlier today with Blackbird being the newest addition. Huge news for the Bird!!!!
I think Spacerat is referring to Joe Machin pulling the plug on the US funding for renewables. On top of that CNBC had an interview with the CEO of Plug who basically got called out for selling 40% of his shares just before the price crashed. Sector was down a lot. I am sure it will have an impact short term then bounce back. AFC did well to hold the price yesterday.
5,143,304
I added another 46k yesterday at just over 24.5p it’s so under valued at the moment
Exactly and although the economy sucks at the moment, green energy is a long term play anyway so just as companies start to make profit and really stamp their authority, the world will be coming out of a recession and everything flying. If your plan was £3-5 in three years time then I would say we are still on track for that. £1 in the next six months…no chance with the world markets this year
Don’t worry seg, it will rectify itself tomorrow ;)
Haven’t been on for a while as with the market it’s easy to guess that there would be a lot of negativity. Anyone that has been here a while must surely notice by now AFC follows the sector trend and the bigger trend at the moment is uncertainty about a recession, interest rates, the war etc. this leads to investors pulling away from non profit companies and in my honest opinion it’s not going to change for a while. 2022 is going to be a bad year for investors in pretty much every sector. The choice is stick with it as it will go up again and in the meantime progression in the company will be made, or hold onto cash and hope you can buy at cheaper prices. No point in just wishing or hoping something will happen, go look at the market as a whole. Especially the US market as that’s what companies like ours tend to follow. Will today be a bad day…yes!!! Plug missed their quarterly target by a mile and are down 22% in 24 hours. Is that AFC’ fault…no!!! Will it affect us anyway…yes!!!
The 50+ potential customers is probably correct, it’s just we can be picky to choose the ones that will lead to multiple orders. Those ones take time, we will in all honesty probably see the sales for those in 2023. We are a commercial company as we are offering to sell units in the meantime whilst the ‘big’ deal units get finalised and tick off all the clients requirements. Power tower being available makes us a commercial company that can sell. If words from AB are going to be picked on then take into account last June he did clearly state that large sales where the company is turning over a ‘significant’ amount of money was 4 years away. We are still 3 years away from that. However the reason I hold is at any point in that time other things can be announced and I am pretty sure the SP will be quite different before we even get to that level. Sell and buy back £2 per share in a few years or hold and wait for the company to develop and grow. Sales will come as the company grows
It’s a hard one when getting to those figures as between now and say a 5bn mcap as someone said, the company will have to fund raise a few times. You can’t go from where we are now with a pretty small pocket to a £5bn company without a lot of money growing the company. £2.5bn I think still would need some kind of fund raise so your £4 share would be say £3.50 anyway. For me I have a £2.50 target with a review of will it double in value before my other investments or is something else likely to double before this. I like AFC and am heavily invested in them but if something offers more money when I hit my initial target I will review my shareholding. But I do agree that we should have targets and whether it’s £2 or £10 a share AFC has the capabilities to hit both, it’s just what timeline is that which is why you see how the sales are going, profits etc but we are a whole off that so for me it’s just seeing if the company is progressing to sales. Personally I think they are doing a good job and on the right track to continue my investment. Even short term buyers with much lower targets I would recommend to at least ride the wave of H2 sector. It’s fairly down at the moment, just wait til the whole sector goes back up, but have a target price
https://www.gov.uk/government/news/australian-investors-commit-285bn-in-major-economic-boost-for-uk