RE: Drifting down again!13 Apr 2022 10:54
I think the market recognises that, whilst perhaps nor profitable, ITM, Ceres, Ballard etc are selling products into an evolving market place and hence have turnover. I think our fuel flexibility, our modular design, and our low cost manufacture will start to reap rewards now and we will see prospective T/O increase. Ceres has a £1.4 Bn MCap based on £31 million of turnover, so one could hypothesise that even £11m (as projected next year) justifies £500m.
I think we are entering exciting times for AFC holders. But I fully agree that, if we do no see sales during 2022, things are going very wrong.