RE: Long term holding views08 Mar 2022 15:27
My honest view is that I don't think AFC will be an independent company in 3 years.
Again just my view but I think the L series cell is effectively dead. I think the S series is hugely relevant though and has great potential. I expect that potential to be recognised increasingly during this year, with orders being consequent. By the end of the year I would expect AFC to be closing the MCap gap to where Ceres is now, and would hope for £1 by the year end (that's only 25% above the high of last year). During 2023 I expect further commercial traction, but I also expect AFC to be taken out around the £1 - £1.5 Bn mark, so about 136p to 200p. BP, Shell. National Grid are candidates. The changing political climate and the green agenda will be drivers.
This is my guesswork and not based on any specific knowledge.