Member Info for athansius

We seem to be running away with ourselves suddenly. 30p today and pounds over summer is fanciful, especially the latter. These figures may well come but will take time and news.

For any newbies to the board please do not accept the hype at face value and DYOR.

AFC is now on much more solid ground but it is not there yet

So where have you popped up from Speedic. Never posted before and here you are with no facts to offer but an assertion that we will be in the pounds this year.
Very suspicious.

I recognise beer as a legitimate currency in these situations......

Where do I send the bill Robtheman??!!

The word "today" in there does make one wonder Cheekboy. Here's hoping!

I would like to agree with you Bananaman but I am less certain.

When you say you are expecting order, do you mean for construction use or EV.

If construction I just don't see any orders before the Acciona trial. The very need to have a trial tells us that the expected benefits in that environment still need to be confirmed. Why would anyone order therefore given that the results will be known in Q1 2021? They won't. However, presuming the trial confirms the validity I think orders could come thick and fast after that.

EV is a different matter. They told us at the time of the fun raise that some of the funds would be used to build the 160Kw demo unit as they feel they would find it easier to sell if there was a unit people could see. Translation: We have been unable to sell any despite the roadshow and despite the hundreds of conversations we have had with high end clients. Personally I'm not sure how much having a unit will change that. The figures are the figures, the thing sits in a container, and people know that already. I may be wrong, but the more I think about it the more I think EV is a short term fillip.

I am also a little concerned about the hydrogen economy. It is great to see it being pushed hard, but that means that every Tom, Dick and Harry wants to get into the fuel cell game, including the multinationals, and the oil companies who need an alternative energy agenda. That risks making AFC small and peripheral. We have to push home our USP and our early adopter advantage right now. I still feel that a large company taking a stake in AFC would be best....look what Bosch did for Ceres, and I will be interested to see the holding notices as they are RNS'd. But a formal partnership with Shell, BP, SSE, Hyundai, etc etc would be utterly transformational.

Hope I'm wrong about the EV and the orders start coming in soon, but I fear AFC has already given us the answer.

The boundaries between events that are and are not reportable are inevitably somewhat grey. AFC has had many MOUs in the past and not one has yielded anything. I agree with Muscorum that we want only to be given news that has substance, although that might include current MOUs presuming the technology is at a point where it can meet them.

The problem as ever is the news vacuum. One has to presume that there is no news because there is nothing to say. We know that Alkamem is probably not adequately developed for large scale commercial use, and we know the solid cell is not available until 2022 (although they should be partnering with train and ship builders who are planning their future models right now) so this leaves the liquid cell. Construction sales seem unlikely before the Acciona trial and that is six months away, so it really just leave EV. Seven months since the roadshow, reports of lots on conversations, yet nothing reportable as yet.

I hope EV takes off as it will give AFC, and the SP, a near term boost. But this company will become a billion pound venture, if it ever is, on Alkamem and the solid cell.

AFC remains a very frustrating organisation

At least the SP is going in the right direction for once.

I agree Richlist. I said a few weeks ago that I don't see much mileage in EV (pardon the pun). Diesel genset replacement, the solid cell for transport applications, data centres, etc etc and Alkamem is where it is at.

I also wonder if AFC might do a Ceres and reverse the fuel cell for electrolysis applications.

Big bucks, but I fear still a year away until the market knows enough to react.

Because we have TUVA and Rennocks and they don't.

But Muscorum there is a 50:50 chance of it going the other way. if you did this 2-3 weeks ago at 28p you would have to see a lot more shares. B&I mitigates the risk and hugely reduces the costs. What you are advocating is risky.

The full Ceres RNS can be read here:

https://www.investegate.co.uk/ceres-power-holdings--cwr-/rns/trading-update/202007090700074662S/

Highlights:

25% increase in orders
No debt
£108m in cash
Strong financial partnerships
£5m to further develop electrolysis by reversing fuel cell process
Ready market and a fuel cell that runs on natural gas

Some pointers here for AFC.

The reality is that ITM is in the thick of it. Electrolysis to produce H2 is their raison detre and they are hence front and centre.

AFC could be, but they still need to showcase a product someone wants and manufacture a membrane rigid enough for commercial use. AFC remains on the periphery, and the BOD seems to be doing little to change that.

Thank goodness we have TUVA? Hang on, we do have TUVA don't we? Hard to be sure as they are so quiet. Stealth PR. A bit of an oxymoron.

One would like to think so.
The SP begs to differ......

I thought AB stated those sentiments at the December investor day.

What are we watching for and how soon is soon? Someone may lose a bit of credibility here.

We had better get AB down to Top Shop!

Broker notes usually give a 12 month SP target. Is this their perception of current fair value, or is this a 12 month view. if the latter it seems extremely conservative.

In what way is AFC a world leading supplier of H2 power. To be that you first need to be a supplier of H2 power and AFC isn't.
I hope it will be one day soon, but these soundbites are inaccurate and ridiculous.

30p+, which is where we were two weeks ago, feels a long way away.......