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I read this in a swiss newspaper today: ABB develops green marine propulsion
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Electrical engineering group ABB is researching new systems for ship propulsion. This will involve fuel cells that use hydrogen or are electrically powered. Environmentalists and the World Bank see this as the solution to finally making shipping more environmentally friendly. ABB expects rapid progress in the development. The group expects fuel cells to develop into megawatt systems, says a spokesperson. "This would allow such systems to serve as a source of energy for short distances at sea as well as for larger ocean-going vessels." The technology could also be used in conjunction with other systems, he said. "Ships, for example, that are mainly powered by diesel could use fuel cells to become more efficient," the spokesperson said. Together with the energy company Axpo, ABB is working on a project to produce hydrogen in an environmentally friendly and cheaper way.
Translated with www.DeepL.com/Translator (free version)
473'846 shares only, I have more shares.
Might be interesting:
https://www.finanzen.ch/nachrichten/aktien/abb-und-amazon-web-services-arbeiten-an-loesungen-fuer-e-fahrzeugflotten-abb-aktie-unter-druck-1030253831
It is in german. Please translate it via google or deppl.
Has nothing to do with AFC but interesting: https://finance.yahoo.com/news/xebec-launches-hydrogen-supply-strategy-130000241.html
Translated with google from perman to english, was printed in Swiss Tages Anzeiger today:
Internet mob drives professional investors to lose billions
A horde of gamblers buys shares in weakened companies, thus driving their shares to unimagined heights. The result: hedge funds lose billions.
Walter Niederberger
Published today at 9:51 a.m.
Gamestop, an old-fashioned video provider, has risen fivefold on the stock exchange in just one week.
Gamestop, an old-fashioned video provider, has risen five times on the stock market in just one week.
Photo: AFP
They call themselves "degenerates" and hunt like wolves in packs. Around three million speculative small investors have teamed up on the Internet platform Reddit to buy shares in weakened companies en masse and to drive hedge funds into the red. The technology exchange Nasdaq is concerned and encourages the SEC (United States Securities and Exchange Commission) to investigate whether an illegal "pump and dump" game is being played.
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The excesses can only be compared with the Internet stock market bubble of 2000. Gamestop, an old-fashioned video provider with huge losses, has risen five times on the stock exchange in just one week. Last summer it went for $ 4 and this week it rocketed to $ 380.
The AMC cinema chain, which was threatened with bankruptcy until recently, was just as extreme. In just one day, it took off 260 percent this week. The string of price explosions continues to expand every day and now includes a good dozen stocks, including legacy phone makers Nokia and Blackberry and Koss, a headphone maker that rose 405 percent in one day this week.
Squeezed out hedge funds
It is obvious that this has nothing to do with the fundamentally improved business assets. All of these firms are weak and show little, if any, growth. Precisely because the outlook is bleak, stocks like Gamestop or AMC are the target of hedge funds that bet on falling prices and do so with the help of short sales or options. But that only works as long as few buyers oppose them. In this case of a “short squeeze”, the funds are literally squeezed out: they have to buy stocks that they had borrowed with the hope of a lower price, and thus drive prices up even further. This is fatal, as Citron and Melvin Capital, two large hedge funds, had to learn. Annoyed, they threw in the towel on Wednesday and resolved their bets against Gamestop. Loss: more than five billion dollars. The total of all previous losses by professional speculators is estimated at more than ten billion. However: Short sellers like Citron act just as speculatively and with a risk of loss as the gamblers on Reddit.
Revolt of the little ones?
Behind the attacks are apparently mostly younger players, and many appear to be in the stock market for the first time. Their preferred forum is "Wall Street Bets" on Reddit, an internet platform known for its loose regulations and controversial content. For
After the bad news from Manaus where people might be infected a second time I guess testing is the only thing which will bring us out of lockdown back in a more or less normal life. This might be the reason for the increase.
Was AFC at this congress?
https://www.greencarcongress.com/2020/12/20201220-yara.html
"Recent new members have included CF Industries, who like us, believe that green ammonia is a critical enabler for the storage and transport of green Hydrogen to meet the world’s energy needs."
CF Industries might be a very interesting partner.
https://www.afcenergy.com/afc-energy-welcomes-queenslands-continued-commitment-to-hydrogen/
"This includes the large Southern Oil refinery in Gladstone for which AFC Energy recently received its first commercial order and continues to work with on its hydrogen fuel cell initiative."
Does anybody know if this still might happen? May we expect news during the next 2 - 3 months?
Low volume on tradegate: https://www.tradegate.de/orderbuch.php?isin=GB00B18S7B29
Where is the prototype? News coming soon?
AFC Energy is investing £100,000, payable in AFC Energy shares, into HiiROC’s scaling up programme as part of the deal, which were allotted to HiiROC on 24th January 2020 conditional on admission to trading on AIM.
AFC Energy also intends to make up to £300,000 of ‘in-kind’ contribution to HiiROC over 12-18 months to support the development of a prototype unit.
It is intended that under the terms of the Commercialisation Agreement, AFC Energy will work alongside HiiROC to deliver a prototype unit through 2020.