The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Below is a link to the AGM Presentation. As it states, ZERO has been taken from the £4m drawdown facility, FACT. The presentation is a MUST READ for anyone that's not a shorting vermin.
http://afcenergyprod.wpengine.com/wp-content/uploads/2019/11/AGM-Presentation-2019.pdf
If LSE systems remove the link, just search Google for AFC Energy, go to the investors link, then to presentations, and you'll find the AGM Presentation there.
How much are the new units and if I want forty of them.... when can I expect them?.
How long before we hear about the hydrogen battery as well?
That surely uses alkamem.
Seance, place your order and delivery June/July.
I wish that would be the case chip, today has exhausted me! I was in quindell once upon a time, shortens paradise. Come on Bond,not again!!
Seance, of you want 40, and are not just throwing in pedantic meaningless comments that you know full well nobody here can answer with 100% conviction, as the people that can and will, phone AFC.
If there are no orders, it may put the BOD in a difficult position. They have headed down this path and shareholders will expect to see orders based on their market research.
Chippyjo,
The Hydrogen Battery should be along very soon, now that the EV Charger is finished.
As for orders, there were over 50 companies represented at last week's presentation, that's 50 buyers that were interested enough to send staff to the presentation. You can bet there are way more that didn't attend the presentation because it was inconvenient, or too far to travel, or they couldn't spare the staff, etc.
Out of all these buyers there MUST be several that will order very soon, once they have the budget signed off by senior staff. Contracts could be in the post today if these buyers are in a hurry to get their own fleet EV charging in place, which I think is extremely likely.
Exactly, roll on tomorrow then, or Thursday! Are the flow plates ready for manufacture?
Haggis, I welcome your enthusiasm, but the ev charger is not finished yet. The small system is ready, but the ore commercial medium sized model will not be available until June and the larger one a year later. After that there is the Hi Power Cell in 2022. The other half of the hydrogen battery seems likely to involve sorting out the electrodes for the old lower power systems, they don’t have a warranty yet and De Nora have work to complete on this.
seance, tooling was procured at a cost of circa £200000 and samples were deemed satis. Just needs the order i guess.
Seance, the moulding tools for the flow plates were described as satisfactory a few weeks ago. I don’t know if that is good enough or if improved moulds would be better - and they could have been delivered now. The stack compression tool is still being worked on by GB Innomech.
Haggis, re not taking anything from the draw down, that was 7-8 months ago, but I don't recall an RNS on the subject.
Cheers chippyjo, lets see what the next few trading days bring!
I believe that they have stated that stadiums could be an EV charger target site ?....any body know if Stamford Bridge have any EV chargers in their car park ?...just a thought .
Guess so ...maybe RB can insist his players and staff use EV s...
Seance. The models we saw on Friday are around the £100,000 mark somewhere. The 40 you want will be available for delivery in June, but better get your order in quickly if you want to be in the first batch.
Seriously, it must take a bit of time to arrange funding and sign off on £100,000 and if even limited planning permission is needed people may want to get that sorted before committing to signing anything (although a contract could be subject to planning permission I suppose). I don't think contracts will be instant even if customers are very keen.
I know some of use are commenting on comments, but the original link was to an april 2019 presentation, not december.
Yes that is true Notes but there is still just under six months of work to have them ready for sale
Klunk - RA= Roman Abramovich
Correct ....it was my error in my previous post about Stamford Bridge ...sorry for the confusion.
13thmonkey
If they draw down any cash from the facility, they MUST put out an RNS because the drawdown facility is convertible to stock in the company. That would be a regulatory requirement
There has been no such RNS, therefore they have not drawn down any cash from that facility.
BumbleB,
The work to get the EV Charger ready for the release and multiple presentations would have used up all of the company resources. That's done and dusted, the charger is off soon on its roadshow. Staff can get back to other work such as the flow battery, because work on the bigger EV charger versions won't require all of the company resources, it's long term stuff.
Morning Haggis, whilst the small charger is completed and the medium sized charger is sufficiently completed that they can predict a launch month, it sounds like there is still a bit of redesign work to complete on the 400 kW ev charger, which will have different sized stacks, according to the presentation last week. The income is going to come from the larger models which can charge more vehicles so this work is not to be dismissed. After that the next priority will be on getting the high power system finished and the diesel generator replacements designed and tested.