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BumbleB2
I agree with what you say, all looked very positive in the final calendar quarter of 2020, we need another quarter (October-December 2021) the same or better and Bond has raised expectations of this happening, if it does we will all be happy come xmas. The rubbish being posted by Haggis over the number of EV’s in the U.K. and the Market Caps of industry peers is quite bewildering, I think he has lost the plot, who cares what others do (apart from ITM which I hold) I want AFC to make sales, full stop.
Let's hope so, Haggis. At least it ended a bit stronger today. Just need a positive ABB update and some news of sales!
Either way, if there's something holding the SP where it is, then that's great for anyone wanting to accumulate a bigger holding before the coiled spring blows the lid off.
Selling or shorting? Who knows!!
I clearly remember pointing out how frustrating it was that the SP actually got above the broker fair value at the time towards the end of last year. That was soon rectified and the SP is now ridiculously short of both apparently conservative fair values. Still waiting for the market (and AFC's potential customers) to wake up!
Meanwhile, the absolutely relentless selling into any attempt at a rise continues even after months of this happening.
Current Zeus valuation is 188p - see the note they released earlier this month.
"Our valuation edges up from 184p to 188p per share due to passage of time – based on UK construction and EV charging and five key ABB markets – despite forecasting higher losses, short-term. Improved cell economics (from the S-series) should move this higher. We have not yet quantified the valuation impact of the significant opportunities in the Maritime and Data Centre markets."
From memory there was a broker recommendation around 180p at Christmas when the sp was in the high 80's - now in the low 50's and struggling - 3 months and 3 days for Bond to deliver on his June update - Extreme E update earlier this morning has had little to no impact. Maybe they need to give him some more options to incentivise him further.
I think we were all saying that a year ago Haggis. And 2 years ago. And 3 years ago. And………
159p ..... the easiest 198% profit in the market over the coming year, possibly 6 months even!
Zeus reduced their target price minimally for that reason
I thought they reduced the target price to account for the dilution of ABB and Dutco taking stakes
Ah yes Zeus Capital, thanks
No. 184p is the target for our other in-house broker.
wasn't their previous target 184p ?
It is good to see WH Ireland sounding as bullish as ever this morning. It is a shame that the market does not seem to share this optimism (yet) but, hopefully, more and more funds/investors are looking at AFC as it seemingly gets closer to realising its potential:
https://www.whirelandplc.com/research-portal#/portal/whireland
WHI View: AFC Energy’s decision to partner with Extreme E represented two critical risks i) the logistical and operational demands on its systems would be punishing by any standard ii) the event, by its nature, is tremendously high profile. The announcements made today by AFC Energy clearly vindicate the confidence it had in its systems. Our conviction in AFC Energy is fundamentally premised on our appreciation of the unique attributes and qualities of AFC Energy’s technology. We have long believed its systems are robust – chemically and otherwise. Nevertheless, we are very impressed with the delivery achieved by AFC Energy’s systems in the most arduous conditions on the planet. To have successfully featured as the primary power source to charge the vehicles in each of the first three races is a very strong statement that unequivocally proves that AFC Energy’s systems have the inherent qualities to replace diesel generators with 100% emissions free hydrogen power. Today’s announcement strengthens our high-conviction confidence in AFC Energy’s technology, which remains the foundation of our high-conviction, long-term growth outlook for the company. We reiterate our fair value estimate of 159p.