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Maybe. What I am trying to demonstrate is that there are clearly companies out there which are on the verge of being commercial, have a proven product, can produce hydrogen if required, provide solutions to other issues.
If you felt that was my point in apologise. I have held AFC shares for over 10 years. It really was only to show that ITM had significantly higher worth than AFC and dare I day EQT but does it really have that much more value.
When AFC actually start to sell their products be it Alkamem, H Power or complete hydrogen generation and power systems I can honestly see them being cash positive before the likes of ITM.
The Value gap or disparity is widening and for no good reason as far as I can see. Se what if ITM has Linde. AFC has De Nora who in turn has ThyssenKrupp, we now have Acciona on board, Extreme E etc etc. These are all partnerships, why should we just give large parts of the organisation away if AFC can survive without it.
Let's just see, yes its great for H2 sector but the likes of AFC and 'others' are now looking better value than ever.
Your post was banging on about EQT and why it’s so undervalued compared to ITM.
What interest is that to this board. Sounded like you were trying to promote EQT as an opportunity!
Red-hornet. Relevant forums ? Not sure what you mean ? This is a forum to discuss AFC. If I feel there is a unjustified disparity between a sector peer and AFC then I am entitled to my opinion.
How much is Tesla worth ? Vs turn over vs profit. Too much ! Whats your point ? There are alternatives as there are for ITM. Clearly this is good for the H2 sector but generation of hydrogen is of no use without a means to use it cleanly. Whilst other companies are working on commercialising their tech there are some which have a proven product. Whist these are not in vogue as with ITM it does not make them of any less value it just makes them 'worth' less.
B2 - how much is Tesla worth, vs their turnover vs their profit?
Seriously......b2? Post that on the relevant forums! I’ve no interest about your concerns of the disparity of ITM amongst the sector.
Having invested in this sector, surely you acknowledge these companies are not valued in a traditional way!
Not sure what to take from this. Clearly ITM are making some progress but are a long way from profitability.
I know AFC have not made a commercial impact yet but I feel that they will at least be profitable fairly quickly and possibly before ITM and CWR.
EQT have in the first half of 2020 returned commercial tenders to the value in excess of €200m and the second half of 2020 is going the same way. The difference being that EQT only have a value of 1/30 of ITM.
I am just not sure why there is such a huge disparity between ITM and the sector. The value is based upon the tech ? There is only £3.3m revenue and a £29m loss so the value is not based on profits.
So why the disparity with AFC at £120 and EQT at just £36m. Not the same i know but same green tech sector.
Interesting developments with ITM post close which all help the H2 economy along.
Results out plus:
Proposed fundraising of at least £150m
(i) a strategic investment of £30m by Snam
(ii) a proposed Firm Placing of £120m; and
(iii) an Open Offer of up to c.£7m,
each at 235 pence per share
Entry into Commercial Partnership Agreement with Snam
The Group has also entered into a Commercial Partnership Agreement with Snam (the Commercial Partnership), conditional upon successful completion of the Share Subscription, under which the Group will be the preferred supplier for the first 100 Megawatts (MW) of Polymer Electrolyte Membrane (PEM) electrolysis projects ordered by Snam, which are intended to be deployed in the period 2021 to 2025. The Commercial Partnership also includes the potential for collaboration on a global pipeline of further projects.
Snam is one of the world's leading energy infrastructure operators with operations in Europe, China and the UAE. It has an extensive gas transportation network and storage capacity in Europe of over 41,000km and c.20 billion cubic metres. It is heavily committed to decarbonisation and innovation in energy transition, including the hydrogen market, and in 2019 announced the establishment of a business unit dedicated to the development of hydrogen energy systems.