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I am invested here and in Ceres. Both, and other HFC manufacturers no doubt, have agreements with big boys who will be instrumental in the development of the hydrogen economy. As it is these big boys who will go out and get the orders, I guess the market will be interested in which of them come out on top. AFC's future, as is Ceres' and the others', is thus highly dependent upon the quality, reach and success of our agreement partners.
Interesting that FTI consulting also picked out “remote communities and islands” as a possible target market. I was watching that posh hotels programme the other day featuring the Brando resort, seriously luxurious for guests, room rate at up to £10k per night. They use coconut oil biofuel to power generators. Wouldn’t have thought an AFC would be too much to ask (must be loads like this):
Re the MoD, you need to remember that submarines have been operating complex systems in the field of electricity and gasses for many years - way ahead of the current climate-induced shift into that technology. UK company TPG have been providing the systems solutions for electrolysis, through their marine division. In many ways, TPG is a similar entity to Ricardo in that they have fingers in a wide array of pies, yet remain a very small company and both are involved in the research on systems infrastructure for hydrogen use in the rail industry.
Market Sizing and Go To Market Strategy In early 2018, AFC Energy engaged international consultancy, FTI Consulting, to conduct a market study into the size and opportunity for AFC Energy’s fuel cell platform Key findings confirmed challenges with chlor alkali target market due sector benefitting from very low power prices – with some notable exceptions Confirmed opportunity for diesel offset in sectors ranging from: Ports Construction Mining / oil and gas Remote communities and islands Military
One area which AFC were looking to get into and the Only area of late not to really be mentioned by them is the military
I’m wondering if that’s still an area of interest for them or if they have the hands full ? The Uk military certainly would cover all areas they wish to enter into - data centres, marine ,ev charging and a UK government awarded contract would be a certain game changer .
That job list is impressive! And very positive to see as covid restrictions ease up there. I hope the UK government take notice soon, was the moto "build back better"? A UK company with big ambitions and potential to sell products world wide.
Daz can you point me in the direction of another company who offer what AFC offer that are getting multi million pound deals? I think with it being new technology companies aren’t throwing money into these things until governments start making it so they have no choice. Which is why extreme E was the first customer, new series, new product, new market. Just My opinion DYOR.
even the likes of Schroders will hang out for £2 approx before dumping a load. Depends on hard news I suppose! What we need is a leaked email or text from Boris to Adam Bond saying: “no worries mate that £billion contract is yours, I’ll explain it my pal at the renewable technology procurement committee I’m just about to invent!
Daz You say ‘punt’ but they didn’t have to hand it over, it was their choice. A small amount but maybe that’s all it needs to tweak the system for data centre use. Rollout of the system with ABB isn’t due until H2 so I don’t understand your logic. You also seem to have forgotten about MACE.
The placing was oversubscribed so the penny’s obviously dropped for some... IMO these will be smart high net worth individuals who will have seen the direction this is headed I doubt they will be looking to sell for a quick 8-10% profit They’ll be investors not traders So I don’t think it will have a major drag on s.p once shares are received Maybe dilution is priced in now with afc remaining flat while most the sector rose roughly 10%? And as someone mentioned this is a positive raise looking to take this to the next level Not for bonuses or to starve off bankruptcy The market will show you this in time Patience is all what’s required now IMO
Penny maybe not dropped for several reasons, i deal with a lot of the big contracting companies in the UK and one or two in the EU, until the tie ups i had not personally heard of Acciona or Ricardo, although i do deal with ABB. Why have AFC not got any interest from the UK ? Also, in terms of the placing the amount invested by ABB was very small compared to the overall placing and a tiny amount for such a large company, to me this doesn't show massive confidence but more of a punt. History, a long history of partnerships that have gone nowhere, even recent ones, Rolec. Orders, despite repeated RNS's confirming growing interest still nothing from councils, service stations etc. Patience gets taken to the extreme being invested in AFC. We still need that confirmation that there are customers who want to place multi million pound orders and so far there's no evidence.
After sitting on a sub 10p average for some time I am genuinely looking to add. Had a huge clear out this week of some proper slow burners that has freed up funds.
As you say FCI, I cannot believe the penny hasn't dropped. Its clear from their collaborations for systems in particular sectors (diesel generators replacement and off grid ev chargers) that AFC have something to offer which other fuelcell companies don't. It won't be long and the market will wake up.
Someone just bought £94k worth so they're obviously confident. I just wish now I'd held all my original holding. I had a lot more shares than currently having gone all in at 4p but sold at various times as the SP has been historically volatile and wanted to bank profit. For those who have held strong, there's a fortune to be made if it all comes off.
You could look at it the other way and say it’s all just hot air, AFC are saying they are doing this that and the other which has led to no sales. We just know that it’s just a matter of time before that changes
Fuel IMO it’s all just building up to the presentation beginning of May. Anyone willing to take a chance (all be it a very strong positive will little risk) is already in, others are willing to not make such a profit but get in when sales are confirmed. We benefit buying early by getting a cheap price on the SP but I just can’t see it shifting much until May. At that point if AFC are smart (again which they are) they will show the world what they can do, which will gather interest, then release a massive order. At that point when people look into AFC they will see they have starting recruiting which suggests this is the first of many orders and a very safe bet. I am just pleased I got in before all that as it means I have been able to buy way more shares than I could in two months time...it’s coming but from an outside point of view until sales come in they are not even looking at us, we just know more about the goings on in AFC than the average investor.
It is quite surprising that the good news just keeps on flowing but that the penny isn't dropping for more investors, especially now that the sector seems to be recovering.
For AFC to justify employing "engineers", "specialists" and "technicians" in multiple fields then they need to be very confident of orders, especially as they say that demand is growing strongly with the scaling up accelerating further. I look forward to the penny dropping in the coming days and weeks!