The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
You may be correct Mr. A. However, it's as though he has been on this journey with us, and lifted out spirits with factual information over the years. You are corect though, these conversations have happened after many drinks.....
Evening all. I've stayed away from this discussion, as I get quite frustrated when the conversation here takes side routes and becomes meaningless and sometimes mean. I'll add my 10nok for a bit of fun on a Sunday evening.
Many of my family are invested in AFC, have been for many years, and some of us probably with too much capital. We've seen it all, and we all read this forum from time to time from different locations around the world. On the rare occasion we all get together at Christmas, AFC often plays a roll in late night conversations; as does this forum. BB has always been our Christmas saint, the forum Godfather if you will, we've even come to know details of his private life. AB has perhaps been the Christmas grinch, Mr. Scrooge if you will, many of you will have seen the old a pound by Christmas calls in the past.
Sometimes I'll have a drink and fancy a vent on here when I see others going the same route, I share the same frustrations as many of you. What do I do before I go off on a rant? I go over in my head the posts from BB, they've always been level headed and balanced. I then rephrase or forget posting. I may feel better for a few minutes after venting my frustrations, though it has little benefit. I do from time to time reflect my excitement on here after a stream of positive news, and I will continue to do so.
If anyone is taking investment advice from a forum such as this, they should reassess their investment plan. Even if they did, I can't think of any posts that BB has made that would make me click buy for fear of missing out. There have been many posters in the past that thrive of these type of investors that do exist, I may even have been subject to some FOMO buys in my time.
Apart from this, remember: We need CE approval on the EV charger units, AB has said he has many enquiries, and they have had to focus on a specific group of them. I'm now always sceptical to things he says now, though given the road show, the talks with government, the way the world is moving now, I personally believe there may well be a lerger interested party in the background for the EV charger. It may not be their biggest seller in years to come, though sales of this will give them a start and income. We all know, nothing is real until a purchase is made.
Enjoy your lock down relaxtion over there in the UK and use it wisely!
Have just been discussing over dinner here, the future plans in Norway. I can't remember the figures exactly (had a few whiskies now - congrats Liverpool!), but Norway are planning on having all ferries here, of which there are many, running on hydrogen in the not-so-distant future.
So many opportunities, just waiting on an ev charger sale to open one of my special bottles, the first is opened this evening :)
I will be taking a summer vacation in country this year, and I will be starting it on one of the hybrid ships which has already been running for about a year here. Exciting times!
Nice to have an update on Alkamem, many of us including myself were keen to get some more information on this front. Perhaps I'm incorrect or do not understand the RNS process fully, though could not much if not all of the information in today's RNS have been released through the CEO blog function? I don't see much ground breaking news in this, I'd personally have a constant stream of blog updates with a general over view of what is happening behind the scenes. It would seem to me that may also keep other investors happy too, an RNS can be kept for substantial pieces of news e.g sales etc... Nice to read something from them nonetheless, I'm still very excited about the future Alkamem market.
Yes next year will be very exciting with the Acciona trial, I wouldn't be surprised if we see some more interest on that front before then.
Just been reading an old Norwegian article on AFC from Jan 2019. I'll link it not that anyone can likely read it, I find it interesting to go over the figures quoted back then and see what has changed in the outlook. I find reading old articles is more often than not morale boosting, it reminds you me far we (we AFC, or we the country/world) have come. https://www.tu.no/artikler/her-lader-de-elbilen-med-hydrogen/456045
Not AFC I appreciate, though another example of a company within the hydrogen economy having played its cards right. The big players are out there and wanting to invest, the time is now! Nel went over 4 euros on tradegate after hours. https://nelhydrogen.com/press-release/nel-asa-contemplated-private-placement-4/
Thanks, I had a nosey through and saw his activity. Maybe he could hook us up with Lexus! Us Lexi could head to Norwich and use that fancy new charging station, which will finally put Norwich on the map (apologies, AP reference, couldn't help myself after reading someone else's some months back on here!)
You may be correct, I'd only read that they were bracing themselves for job losses, so nothing confirmed. Filton was a little close to my heart having studied in Bristol and watching the last ever concorde flight land there.
Interesting spot, I can't be bothered going through the many 1000s of likes, though a collaboration with brewdog would be interesting. This would also be an excellent move to see UK companies supporting each other.
If this turns in to something I'll crack a can of this: https://www.morningadvertiser.co.uk/Article/2020/05/28/BrewDog-Barnard-Castle-Eye-Test
Hi BD. Nice article thanks. What is encouraging is we are seeing more and more of these types of articles.
I see Rolls Royce up in Filton will sadly be laying off many workers. I would like to think the government could step in for companies like this and encourage them to move some focus towards the hydrogen economy. If the government are serious about helping to fund a greener future, and to help restore the economy in the U.K, they should start to at soon.
I see Rolls Royce are involved in a project looking at the potential to provide power to data centers. This is another interesting and presumably large market. https://www.rolls-royce.com/media/press-releases/2019/03-12-19-rr-starts-pilot-project-on-stationary-fuel-cell-systems-for-co2-free-energy-supply.aspx
Yes you've summed it up better, it will of course be scalable when it comes to the EV charger, also the generator. I completely agree that it is more of a formality, though a formality that can take a little bit of time, and you want everything to be in correct before you start the process.
You can't buy/sell a product such as this without the CE marking in place, or should I say no one would.
I can of course imagine delays in such a process with covid restrictions in place, or if you want the optimists version perhaps less people are applying now :)
Yes I agree it is not crystal clear, however, he mentions configuration which suggests to me they are perhaps seeking a certification that covers a range of products. The products will likely be covered under the same CE grouping so the application process will be very similar. They could of course be applying for more than one approval now.
As for the cracker, as most of the components are supplied off the shelf, they will already be certified. As I'm not entirely sure of the details it's hard to know for sure.
https://www.h2-view.com/story/hydrogen-fuelling-in-a-green-environment/
At the bottom of the article it is written that it is currently being CE marked. Good article if you haven't already read it.
As we all know, it's been hinted at that AFC are close to attaining a CE mark for their EV charger. I thought I'd share my own experience of the CE process, maybe it will help give some perspective.
I've been involved in acquiring ce marks for new medical equipment, in some cases this has been classed as high risk, these products usually take longer to process and understandably require a more thorough evaluation. I would also consider the AFC EV charger to be classed as a potentially high risk though I'm not sure. I've seen varying times for certification though 12-13 weeks has been achieved.
As AFC have hinted that they nearly have the certificarion, I would guess that their initial application has been processed and they have been asked for further information/documentation/testing or such, all part of the process. I would not imagine they would be publishing anything online without having had feedback on their initial application.
So in summary, although speculation; it would be my guess that they are on the final stages of certification, confident they are receiving it and fulfilling the final requirements by providing some further documentation and waiting for the green light.
This is certainly something I'm looking forward to hearing they have achieved.
I think BB was joking?! Nevertheless, I'm enjoying the direction this thread has gone. Perhaps we can call on Dave to give the article the final edit?
I would be interested to know who did write most of the content on the page.
I agree, this page is regularly updated and edited, and is repeating in a condensed form what many of us have been saying. However, it is nice to have this written and contains what I would like to put down myself if I were to write a positive outlook on our current situation.
A revised broker note, presumably at a higher price than the previous 27p, would be a welcome piece of positivity were this to be released before any substantive news. Of course, I as all of you are hoping for something more substantial.
Good point anthansius, TUVA would have done well to write such an article!
Sadly not, though the writer has managed to put the words together in a way I would like to! Link to article: https://wikivisually.com/wiki/AFC_Energy
Yes, a negative day though not entirely surprising.
To take my mind off this I've been looking around on the Internet and will post this excerpt from an article, which hopefully helps people remain positive. There is plenty of good news going around with other hydrogen themed companies, our turn must be soon!
Through 2019 AFC altered its focus towards EV charging and partnered with Rolec. Perceived advantages of the AFC system are the ability to operate in remote off-grid areas, the ability to neutralise the constraints of grid capacity in any situation, and of course 100% carbon-free power generation. The high costs of grid connection do much to mitigate the capital costs and AFC is working on innovative capex models with clients; indeed it is felt that commercial announcements are imminent. During 2019 AFC also set about branding its products. Of particular interest are the solid electrolyte fuel cell scheduled for release in 2022, and the Alkamem membrane. The former is a high density fuel cell likely to have many applications beyond that of the traditional AFC offering. The latter is an innovative membrane with applications in multi million dollar markets outside of fuel cells eg electrolysis. A broker note dated May 2020 noted fair value for the company to be double the present value, but also noted the very significant upside potential of these innovative products. High end clients are known to be in advanced discussion. The outlook for AFC looks bright. The political winds are favourable, with recent government announcements re funding for EV charging, and an acceptance of the green agenda both for public health reasons and to drive the post-Covid economic recovery. AFC looks set to become a significant player; it is notable therefore that it's market capitalisation is some 7- 10% of other UK-listed hydrogen plays such as ITM power and Ceres Power. (May 2020).
In June 2020 AFC entered into an agreement with Acciona, a large Spanish construction company with a multi national presence, to demonstrate the AFC fuel cell on site. Many governments, particularly following the covid crisis, are looking to mitigate the environmental effects of construction, especially particulate pollution; many have already legislated. The AFC fuel cell provides a ready solution and the deal with Acconia will be followed keenly by other construction companies. It is notable that, following this deal, the in-house broker withdrew their target price in order to review. It is also notable that their previous target price attributed no value to Alkamem or to the solid fuel cell. The latter is notable as it opens additional applications, notably shipping and trains as mentioned by the CEO in a June 2020 interview.