HQ has a Shelf Reg for half a billion dollars hanging over this stock. Without volume they can't exercise this option. If they did this stock would be back to a buck in a flash. Here is the catch. HQ needs a larger float to increase inst buying but with no volume they can't increase the float. They might be able to sell shares out the back door but at what price and what does that do to the EPS? I don't think an inst would buy this at 10 when it was trading at 8 a short time ago. If they could sell this out the back door at 8 thats 62 million extra shares. That tanks the EPS as well as the stock price. So without a larger float inst won't touch it and with a larger float it kills the EPS which in turn kills the price.
HQ needs to suspend their dilution and let the price rise and stabilize. The company as it stands has only been in existence since March.and they want to add 500 million in extra shares, Please. Dead stock trading.
No winner take all ? I'm shocked. A sub of a Fortune five surviving is also a shock. The worlds largest cell producer thats been in existence less than 6 months will have growing pains. A well placed 15000 could send this stock to 13. The bid and the ask are out of wack- if you want a tech term. All fortune five companies have a stock division. If this is going down its because they want it to. Now you need to pick up on that reason. They knew that a dilution, hanging debt and an RS would not be seen as favorable. At only 6% float and letting it dictate price one must assume they don't care at this point. Why ?
Now thats a class act. But in their defense they did tell you prior to doing it. They have also told you about their debt and how much they are going to dilute the shares. How anyone could take this information and see it as a positive stock price is beyond me. Long term strategy they had to do it after purchasing Q-cells with shares.
Dilution will change the float. Depending on the average price I'm sure Hanwha chem will retain 51% but that leaves 49% for retail and inst buyers. Ever since Hsol bought out the Chinese and turned it into a Korean CO with manufacturing in China its been clear what they are doing.
As for taking it private Hanwha chem could have bought out the 6% float prior to the Q-Cells deal and just shuffled some paper. Did they need to issue shares to buy a CO they already owned? Who knows but thats what they did so roll with it.
As for my sentiment about stock price I've finally finished covering my short today. Not as easy as you think when the spread is outrageous. Awhile back I said I would cover in the twelves or fifteens if the stock started to run - for some unknown reason. So be it and now I wait.
Hq as it is today hasn't been in existence that long, so its an unproven entity and one would expect a decline in stock price after announcing an RS, dilution and a heavy debt load. Short made in heaven. You see when I do buy back in I do it with more shares. I'm not afraid to step out for a time let it drop then buy back or even short for that matter. I have a positive take on HQ stock price just not near term. Heck they haven't even installed the German production line in Malaysia. I could list a million positives but I do want the price to keep going down. More shares.
GL because you need it
Your the king of the bag holders. You posted that you avg buy in was 2.50 prior to the RS and you were holding. You cried like a ten year old girl saying people should contact the SEC about the RS. Since you never posted a sell, and at which price, your locked into the 2.50 bag which is now 25. Coming back after the fact saying you sell from time to time doesn't cut it. I posted a sell of 2.15 pre RS started shorting at 19 when it was clear where it was headed. If people listened to you they would be carrying the same bag. With the debt and dilution I don't see this at 19 anytime soon so I have plenty of time to cover. Your the one who should move on as your advice is totally useless. At least EX has the guts to say he was caught flat footed but you try and weasel around the fact your inept. I've started closing my short position not because I think it won't go lower but because their are other companies that will move faster. GL carrying that bag maybe you can convince another clown to help you drag it down the street.
They are most likely filling NextEra obligation at 10 a share. Their is absolutely no interest at market as the volume is dead. How do you funnel in 500,000,000 at roughly 10,000 share volume as of late. The Con Treatment was needed to hide the sale price. If the market got wind of the sale price this stock would be back at a buck in a flash. Also NextEra would be completely stupid to accept shares at 14.50 as they could become instant bag holders like some on this board. After the sale to Next they still need to sell another 475,000,000 in shares. Hanwha needs the money to cover debt and at this volume it would take years to fulfill; all the while paying interest. All the profit from full production lines will be eaten up on interest payments so they need to dump these shares fast. Hence the 72 Pinto
If contracted you'll spend your life delusional posting on a chat board while all your money is hemorrhaged out of every orifice. You'll whine, complain and wonder whats happening instead of lopping off a limb waiting in recovery until it grows back. You'll blame everything under the sun for your disease and your loss except a failed stock strategy. Then when you've lost it all your wife and kids will take you out behind the barn and put you out of your misery. Thats right before the bank comes to foreclose on your dream. GL
If you read a little closer one 500 MW deal is already signed the other is just a formality. But they are on track to put in a series of 500MW plants through out India. They are now in a perfect position to help India reach its 100 gig goal by 2020. That means full production lines for years.