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JP Morgan must think it's a good buy - they've bought more. RNS says 11th March, so they paid a lot more than it's currently worth. Must be a bargain now then!
This coronavirus thing is putting the world into a panic and economies around the world are grinding to a halt. Who is going to want to buy steel when nobody's building anything? Therefore, who is going to want iron ore?
Everyone says "buy the dips". That's easy with hindsight - the dip is blinking obvious on a historical chart. The problem is knowing when you're at the bottom of the dip in real time. I've had enough of waiting to find out, so bought back in again on Friday at 2.10. Panicked like everyone else and sold a while ago at 3.30, so even if we're not at the bottom of the dip at least I got all my share's back 36% cheaper than I sold them.
Regarding the Sales Director appointment, why did they not appoint one straight away when they had a saleable product late last year? It makes you wonder whether they didn't think they would need one, because they thought sales would come flooding in. It is now apparent that sales didn't come flooding in, so they have to go and hunt for them. Hope this guy can pull in some decent sales in what will now be a more difficult sales climate. People aren't going to think about EV's so much with such cheap oil prices.
marked10 it's not that long ago to remember the 1987 crash is it?!! I remember it - I was still at school then, but I had shares. I was (am still) in New Zealand. Our share market lost 60% of it's value in the 4 months or so that it took to reach its trough, but in the 3 years leading up to the crash, the NZ share market tripled in value.
...and 6th March 2018 it was nearly double that at about 1,000p!
I wouldn't follow any of what those clowns at Motley Fool say ever again. I have watched them pump stocks and then watched those same stocks crash. I fell for one of those pumps, and consequently I will not follow them again. I bought Elixinol Global (ASX:EXL) at $4.50 following their recommendation (they made a very strong case), only to then watch it completely crash and burn! Never again. There must be a reason why they have fool in their name.
My nerves can't take this share anymore. I bought in about four years ago at around 40p, then bought more, and more, and more - all the way down to 3p, averaging 6.88p by the end when I had 390,000 shares! It has become way too great a proportion of my investments. They bounce around so much they're going to give me a heart attack! My nerves won't hold to watch another share issue / cash call and have the price fall down again, so I'm out, except for a few tens of thousands of shares to keep an eye out and spread my investments. GLA
This company is a bit high risk for me, but I've bought shares purely because the CEO and Chairman put ~ £164k each of their own money into this at 3.00p recently. Even if you're worth a bit that's a lot of money - so I'm sure they're confident their money is safe here.
The prices are not really comparable yet - for 'slow' AC charging those airport chargers are quoting 10.8p/kWh, and the 'rapid' (although these are only 50kW) charging at £6.00/30 mins works out at 24p/kWh plus a £1.20 connection fee (so for 50kWh for example this connection fee would only add 2.4p/kWh onto the rate). The 30p/kWh AFC figure will only be for the slow AC charging, and it will be interesting to see what the AFC rapid DC charging cost will be, because although for most charge systems this costs more because of the need to have large transformers, rectifiers and what not, the AFC fuel cell will be already producing DC, so the cost increase might not be so much? Who knows - I'm just guessing at this stage.
Dark Knight, maybe because the ex CEO and largest shareholder was not as romantic as his name might suggest! His connection to the company has added an element of risk that has put a few investors off I'd guess.
13thmonkey, the upper limit of AC power that an EV can take is not 7.7kW - it is limited by the car's own onboard charger. Early Tesla's (like that white one at the AFC launch the other day) had an onboard charger that could take up to 22kW AC, but current models can only take up to 16.5kW AC. A Nissan Leaf can only take 6.6kW AC I think. They all can obviously take a lot more DC, but this is limited by the car too. Tesla Model S and X top out at 120kW DC, whereas the Model 3 can take up to 250kW DC, and the Porsche Taycan can take 270kW DC.
Mucksy, I just did some calculations and in order to match the 400kW AFC system you would need about 2000 sqm of panels - but that is while the sun is shining in the middle of the day, so you're going to need a lot more to give a buffer for when the sun's not shining to recharge your batteries.