Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Not registered for today's event with Bondy, but hopefully someone will post a summary.
To fulfil large orders, is not necessarily a bad thing. Share placing to keep running R & D is a bad thing. So it all depends now on what demand they can secure.
Have Zeus got a screw loose and StockChump for posting this and thinking it made sense ?
"Despite heavy investment, the cash position at £24.7m was SLIGHTLY BETTER than our estimate for £26.9m,
Chump, where are they going to get the millions of pounds needed to buy the parts to build the £27m of generators ?
Your brain is full of BS , 17 million with the actual rate is about 12 month but probably another 2-3 million into stocks , so cash perhaps for just 6-8 month, so Adam’s ramps suggest cash call in about 2-4 month already preparing right now by ramp ramp and being nice to investors suddenly
FAKE NEWS. UTTER GARBAGE. IGNORE IT.
Zeus advised today
"Despite heavy investment, the cash position at £24.7m was SLIGHTLY BETTER than our estimate for £26.9m, demonstrating GOOD DISCIPLINE."
"The monthly cash burn rate (at c. £2.3m) is tracking IN-LINE WITH OUR EXPECTATIONS."
"Generally, we maintain our estimates for SIGNIFICANTLY INCREASED SALES in FY24e and FY25e, with THE CASH POSITION UNCHANGED"
https://www.afcenergy.com/investors/research-feed
Stock cheque is utterly deranged. Jeez
£17.5m for 12 months is £1,458,333 per month
£27.4m closing cash position is 18 months and 3 weeks cash
From 31 October 2023 that is enough cash to last to the third week of May 2025
Even if costs increase a little this year, the cash runway will still be very long, long enough to bag a huge number of sales agreements to push the price right up, so if they do need some cash in late 2024 the price will be way higher than it is now.
Sell the Ammonia Cracker business later this year for a few hundred million and it won't even matter.
Https://www.afcenergy.com/investors/research-feed
Following today's news the brokers are still very bullish:
Peel Hunt still advising BUY AFC Energy with a target of 125p
Liberium still advising BUY AFC Energy with a target of 85p
Adam Bond on video recently said producing 120 generators in a year was "a lot of generators", but AFC are talking about a minimum of 1000 generators per year. If 120 is 'a lot', 1000+ must be MASSIVE!
"Completed strategic supplier qualification for all key H-Power Generator components - positioning for scale up with each selected on ability to deliver +1,000 generators worth of components per annum"
AFC Energy Bookshop is now open!
Categories and Author Lists.
Section One:
1. Business Practice Tutorials and Guides
2. Historical Fact
3. Investing
4. Philosophy
5. Science & technology
6. Self-help
7. True crime Documentaries
AFiCionado
Bondy123
Brettington
brightfuture
BumbleB3
Constructivenews
Heath23
ksv21
milnrowmug
Pandy2
Pommygit
red_hornet
Southerhay
StockCheque
Sturmtrupper
tennents
tvrandyshep
tweedly
=====================================
Section Two:
8. Bluffing Your Way In Stock Trading
9. Children’s fiction
10. Children's comedy
11. Classic fiction
12. Contemporary fiction
13. Fantasy
14. Historical fiction
15. Horror
16. Satire
17. Science fiction
Ade1234
MelvinAFC
Daz9643
TheTruthGB
Garonne
Gitfinger
1883
"Together with our fuel processing division's market leading modular ammonia cracking technology and the partners we are currently in discussion with who have expressed interest in the technology, we continue to believe the true value of this technology platform is not yet reflected in the Company's value and as a Board, we are reviewing options to capitalise on this unrealised value."
"we have commenced consideration of standalone divisions within AFC Energy reflecting both the consumption (fuel cells) and production (fuel conversion or ammonia cracking) of hydrogen. This delineation would reflect the fact that whilst there is a clear overlap in technologies where ammonia cracking can facilitate fuel cell deployments, there is also a growing number of stand alone enquiries for the cracker technology that gives rise to a value proposition that perhaps is not currently reflected in the value of AFC Energy."
"As an initial step in the commercialisation of this technology, we have signed our first Letter of Intent in 2023 with the trading arm of one of Europe's largest energy companies to market the potential for ammonia and green ammonia as a hydrogen carrier fuel based on a perceived demand for modular crackers from its customers. This is in addition to the growing list of customer enquiries wishing to explore the potential for networked hydrogen production through ammonia cracking across Europe."
So not two separate companies, two divisions within the same company. Hardly any more cost than having them as one division, but allows them to concentrate on their own side of the business.
Note they all turned up this morning. It was nothing to do with the results RNS, it was because their trading masters told them at the close yesterday to sell.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=AFC.L
First of all I have never ever seen a bonus almost as high as the salary ! What a joke and for what, second your glorious Adambinoccio has not just not bought shares, he sold 1.5 million ! What an assurance , I am also tired to read his tosh every time how big the fuel cell, hydrogen and ammonia markets are, everyone knows this blatant ramping since years, AFC should generate turnover on that not show us how big the market is, expecting more ramps and within 2024 finance again as you clearly see with investment of stock and non sales they burn the cash quickly , plus a ceo who earns 800-900 k
I want that one
Decent post. What in your opinion makes it a decent RNS?
Cheers
Some folk still don’t seem to realise that building a hydrogen business is a long term thing. It ain’t going to happen overnight. I think AFC are making excellent progress. Technology and commercial developments now happening alongside one another. Looking forward to getting more detail tomorrow on the cracker, if they answer my Qs, specifically on what AFC regards as its market leading competencies here, are there barriers to entry, etc.
Stop showing us Anyalst crap from companies AFC are paying
Tell us your views on the report in got one words
https://*********************/companies/uk/electronic-products/afc-energy-plc/research/zeus-capital/afc-energy-afc-ln-fy23a-and-outlook-good-progress/10990f51-4675-4381-97a9-6a311c8a2c66/891a73d6-9cbb-4948-a340-a0c3548d6394
Would be smarter to retain the IP and ongoing development and license the manufacture with associated royalties.
After reading todays report, my feeling is the company may be exploring the option to split the fuel cell business and the ammonia cracking business in ‘order to unlock shareholder value’
I guess this would be something that can be considered, but the costs would be outrageous for a small size company like AFC
Wow just Wow, so AFCs annual report states -
2023 strategy focussed on market penetration with key agreements signed to expand distribution channels for the fuel cell division, resulting in a £27m orderbook[1] for 30kW S Series H-Power Generators and ancillary equipment
[1] As at the date of publication, comprising committed and uncommitted elements within existing contracts.
While Liberium have stated £27m orderbook, incredible !
And what were they then?