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That's what happens when there is no news, expectations fail to come to fruition, board members are overpaid compared to results, promised changes in behaviour fail to materialise, websites are out of date and the PR team non existent.
Here's a link for those interested:
https://www.carmagazine.co.uk/electric/what-is-electric-car-wireless-charging-wevc-and-how-does-it-work-/
There has been quite bit said about wireless induction charging as opposed to Ev charging points recently. It would be some time before that level of infrastructure is there, but when it is EV charging points as such might become obsolete. These are already being developed, but the problem is the same....the grid requirements. Surely another potential avenue for AFC as their hydrogen powered large scale offering would provide an environmentally acceptable solution.
Ceres seem to be doing rather well.....
https://investegate.co.uk/ceres-power-holdings--cwr-/rns/trading-update/201907090700068658E/
I wonder when we will see an RNS like this from AFC
The website has clearly not been updated since May. This is a concern as that was only a couple of weeks after the AGM at which they noted that the site needed to be kept more up to date and suggested they were having meetings about doing exactly that.
I wonder if Rennocks will support the 6 month shareholder meeting he was asked about.
So much with AFC remains shrouded in mystery......hence the distrust. I thought Bond did a good job of rectifying that at the AGM but there has been little momentum since then.
Not sure you can describe it as thick and fast unless you include the negative RNSs about funding.
All we have really had is notification of the road show to demonstrate the integration of two technologies we had already been told about. I am also not sure why such a roadshow is needed if, as AFC say, interested parties are already coming to them. Would it not be better to negotiate with them and get some early deals landed? That said, any publicity is good publicity......although with TUVA on board it is likely no one will know about them.
I agree that we may be just one or two announcements away from something that really moves the SP. I have no idea when those announcements will come.
Not sure you can describe it as thick and fast unless you include the negative RNSs about funding.
All we have really had is notification of the road show to demonstrate the integration of two technologies we had already been told about. I am also not sure why such a roadshow is needed if, as AFC say, interested parties are already coming to them. Would it not be better to negotiate with them and get some early deals landed? That said, any publicity is good publicity......although with TUVA on board it is likely no one will know about them.
I agree that we may be just one or two announcements away from something that really moves the SP. I have no idea when those announcements will come.
Back well down into the 4s now and could go further. All the recent gains have now been lost. I’m afraid it seems that the AFC board said what they needed to at the AGM to get us to go home. Just the failure to do anything about the website and the failure to even have the right SP on it says much for the pride they take in the company.
I remain deeply unimpressed at the window dressing and PR. I only hope they are running other aspects of the company better.
The Executive Directors have purchased sod all shares during the last ten years. And there has been little supersonic in that time I can assure you. So why should their failure to do so now mean there is? Rennocks was embarrassing in his response when asked at the AGM why he wasn't purchasing. Not even he believed his incoherent babble.
It does rather seem that was Desertwolf. It felt as though there was a palpable response after the AGM. Now it all feels once more as if it was how it was before, despite the promises of a regular newsflow. Hope it was not just more snake oil but we were up into the 8s and now we are back firmly in the 5s again.
And no new website, no communications re the result of the meeting about PR.
We need some changes. I am as convinced as I was at the time of the AGM that Rennocks must go. And we need a PR company that can capitalise on the current hype about emissions and hydrogen.
My confidence in AFC pre the AGM was at about 3. It went to 8 at the AGM given the positive messages given. I'm now down to six. Which is better than the SP.
It is now nearly six weeks since the AGM. I felt at the time that that meeting was a turning point. For the first time AFC seemed to be more or less commercial....or as they put it "the right product in the right place at the right time". They seemed to listen to the concerns of the PIs and there have been some very small green shoots that suggest comms may be much better. Although I have no idea what TUVA is doing.
But I have niggling doubts creeping in again, especially as the SP has now lost some of the recent gains. We need to sustain momentum. Since the AGM AFC has made only one announcement of note, and that was confirming the benefits of Alkammonia. Admittedly they used that announcement to bolster their credentials in the EV and replacement diesel gen set markets that now seem so central to our business plan.
However, six weeks down the line there have been no further announcements about partners, manufacturing, deals etc, and no evidence that AFC is getting out and about. We were told at the meeting that that very Friday there was to be a meeting about the website, but still we have the outdated offering that has been there for ages.
I sincerely hope that AFC is able to develop and maintain the momentum that was all but promised to us at the AGM....I'd really like to see some evidence of that.
I put £10k into AFC after the AGM and decided that whatever it is worth in March 2020 will be used to buy a new car. I wonder what I will be getting? It's currently worth £13,200. I'm hoping to be able to spend £30k.
I don't think there is the slightest hope of £1 by Christmas. That would need an almost 2000% increase and a MCap of £425m. Let's try and be realistic.
With a decent news flow including solid commercial progress I would hope to see us in the 20-30p range by the year end. With either exceptional flow or an overly sentimental market we could conceivably make 40p.
I still hope to see AFC at £1 one day, but I can't see it in the next 2 years. If and when we approach that it will be because we have proven the technology in the commercial market place. I would be surprised if we didn't then get taken out by one of the big boys at a decent premium.
I could be completely wrong on all counts! One thing is for sure though......I feel a lot more confident about AFC and the management than I did six weeks ago.
