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Hydrogen Future Industries (AQSE: HFI) debut hits 10.7p high

By Adrian Holliday

10:12, 1 December 2021

A cityscape scene with a plane claimed to be powered by hydrogen flying through sky
The special purpose acquisition vehicle would invest in the Hydrogen Economy – Photo: Shutterstock

Shares of Hydrogen Future Industries (AQSE: HFI), a special purpose acquisition vehicle (SPAC) formed to identify investment and acquisition opportunities within the hydrogen economy, opened this morning at 10.5p and hit a high of 10.7p to trade at 10.37p midmorning today.

Chief executive David Ormerod says a strategy to invest in projects and companies across the Hydrogen Economy “has been overwhelmingly positive; our timing could not be better as investors all around the world are waking up to the potential of hydrogen, while the decarbonisation agenda gathers pace”.

The SPAC’s issued share capital comprises 29,800,000 ordinary shares. Directors of HFI in aggregate hold 1,750,000 ordinary shares, representing 5.9% of the issued share capital and are subject to a 12-month lock-in arrangement.

Hydrogen ‘key’ to net-zero target

“We believe hydrogen can become a low-carbon energy resource capable of meeting the world’s energy needs, replacing traditional fossil fuels, and forming a substantial part of a clean energy portfolio,” said Ormerod this morning. 


24.72 Price
+0.390% 1D Chg, %
Long position overnight fee -0.0195%
Short position overnight fee 0.0113%
Overnight fee time 22:00 (UTC)
Spread 0.020

Natural Gas

2.98 Price
+1.020% 1D Chg, %
Long position overnight fee -0.1700%
Short position overnight fee 0.1480%
Overnight fee time 22:00 (UTC)
Spread 0.0050


2,015.35 Price
+0.070% 1D Chg, %
Long position overnight fee -0.0194%
Short position overnight fee 0.0112%
Overnight fee time 22:00 (UTC)
Spread 0.30

Oil - Crude

75.69 Price
+0.800% 1D Chg, %
Long position overnight fee -0.0211%
Short position overnight fee -0.0008%
Overnight fee time 22:00 (UTC)
Spread 0.030

“We are grateful to investors for sharing our belief in this extraordinary opportunity. We are looking forward to executing on our investment strategy,” he added.

In August, the UK government launched its hydrogen economy plan designed to support 9,000 new jobs and attract £4bn ($55.3bn) in investment by 2030. Hydrogen is thought to be a critical element of the government’s net-zero target for 2050.

The AQSE main market is a UK-regulated market. It was formally called the NEX Exchange when owned by CME Group; it was re-branded Aquis and aims to encourage trading in smaller companies too small for a listing on AIM.

Read more: India’s Tega Industries raises m from anchor investors

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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