focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Whatever happened to AFC's hydrogen microgrids for use during the redevelopment of Dunsfold Park. I believe there was a study proposal and then an arrangement to use AFC fuel cells as gensets to replace diesel on site circa 2018-end. I didn't read anything about this project being cancelled after this date (when the company went in on EV charging), so are we just waiting for the redevelopment to start?
Not surprised to see the price where it's at here. There was nothing hopeful in the trading update to suggest revenues will grow exponentially to command a SP back in the 30s.
Howard1963, Gfinity were involved last year with the Call of Duty event, but not this year (They mentioned something in their trading update about not progressing with a new contract - I think it was this event). IIRC there were technical issues last year at the event. This event is now being live streamed on Youtube. Problem for Gfinity is that game publishers really hold the power. If an event does well, they will have the ability to run events themselves in the future, and set the terms.
Gfinity has been running MS events and the F1 for a few years now, but each contract is for 1-year. A sign of confidence would be if Gfinity could sign multi-year contracts for F1, Fifa, etc.
Wonder if AFC will demo at the FullyCharged Show in May at Farnborough: https://fullycharged.show/events/
BP Chargemaster is already the Experience Partner there, not sure if they have exclusivity.
In any case, I think this competition is good in the sense that there is a large backer in the name of Siemens that supports this type of technology and application, and validates a need for inexpensive off-grid EV chargers.
Geopura mention "No upfront investment". Wonder if this means that they get directly paid by unit of electricity, and then this makes it an easier sell.
I do think financing is important for customers, maybe Siemens is providing some of this with their balance sheet.
I wonder what the cost for AFC would be to leave a small 20kW unit for a trial period for free, over say 3-months, at the Rotherham and Dundee sites, after the roadshow, or anywhere else for that matter, to kick start sales.
https://www.ft.com/content/5e837ff8-441b-11ea-a43a-c4b328d9061c
Shares in some producers of hydrogen and manufacturers of fuel cells have soared to their highest levels in a decade, reflecting hopes that the colourless gas can replace fossil fuels in everything from trucks to homes.
Shares in London-listed ITM Power, which makes electrolysers to produce hydrogen, are up by more than 45 per cent this year to their highest level since 2007. Meanwhile, shares in Sweden’s Powercell have risen 28 per cent over the same period and 342 per cent over the past 12 months.
“After years of false dawns, investors are realising clean hydrogen and fuel cells have an important part to play in the energy transition, particularly heavy duty mobility and heavy industry,” said Adam Collins, an analyst at Liberum.
Hydrogen was touted in the late 1990s as the solution to “greening” the planet, but then fell out of favour as carmakers abandoned the gas and costs for rival lithium-ion battery technology continued to fall. Today, hydrogen accounts for about 2 per cent of primary energy use globally.
But investors have grown more bullish over the past year as big companies have made a number of investments in hydrogen fuel cell producers, while costs have started to drop. Last month car parts maker Bosch said it would increase its shareholding in UK-listed Ceres Power, a developer of solid oxide fuel cell technology.
In addition, China has continued to subsidise hydrogen fuel cell technology while cutting subsidies for lithium-ion batteries.
The Hydrogen Council, a global industry body, said last month that the cost of producing hydrogen could be halved by 2030, making it affordable for 22 different applications including trains and heavy-duty transport such as trucks and long-distance coaches.
Still, that is some way away. At the moment producing hydrogen is not “close to being competitive”, said Stuart Joyner, an analyst at Redburn.
I don't know what type of sales news investors on this board really expect. Clearly, the company is not going to release an RNS that they have "potential" sales, that isn't going to satisfy anyone here. They're also not going to fabricate a story that they have sales, so in the absence of actual sales, they are going to be quiet. I don't know why some of you here are expecting differently. Everything else seems to have been reported in my view: 160kW unit production-ready by June 2020.
In Sept 2017, this share was above 30p. Might have been even higher at 35p intraday.
Not a single RNS since has been about how shareholder value has been destroyed. No comment on how to turn it around (they don't even consider a turnaround is needed), no comment on undervalue or confidence by executives with almost no significant number of shares being bought up, continued hiring of industry heavy weights (do these guys even play games?), the ever constant reminder at the end of each RNS over the 2bn+ global games and esports revenues, yet the share price is the elephant in the room.
Company strategy is all over the place.
Drop in revenue as expected because the Elite Series is no longer there - company claimed it was low margin? Pfff. It was making a loss, would have been high margin if they got it right.
"Over the past year, Gfinity's leadership team has refocused the business on a Strategic Client Management model". The company wants to move away from this! It's in their most recent Nov presentation to build on own IP and content, ...er, like the Elite Series, but a less loss making version, expansion into US blah blah
"strategic programme consulting", as per the Nov presentation, this is supposed to replace the loss revenues from the Elite Series. A non-scalable proposition.
" To facilitate this, the Board has taken the decision not to progress a material opportunity for a new contract with a customer for whom it has recently completed a major project. " - can Gfinity be any more vague?! I guess this was CoD?
" means that the Group still expects to deliver on current market expectations for full year adjusted operating loss." -> this means another funding round