Member Info for athansius

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 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.

For heavens sake Bleal. Do you not recall that you have already posted that. It was a stupid comment then and it is no better now.

"confirms plans to work on the business case.."
It would be easy for the derampers to be cynical about this ie just another development and all that but I think this is pivotal. I also think this is exactly the sort of RNS we might not have got last year prior to the chance in stance over news release and I am very pleased to see it.

Off grid power generation is going to be one of our main markets. The crux, and those at the AGM will have heard this, is the cost and purity of the hydrogen. Well here we have the answer. We can operate on H2 derived from a very readily available supply, and we can do so through commercially available equipment. We know we have the cell and this has now been put together and it works.

This opens up an enormous market for us with some USPs. Gencell has been signing decent contracts in this area with a product that is very likely significantly inferior to ours.

I think we will see significant commercial news on the back of this before the year end. I suspect this news today will not alter the SP, but that's only because the market may not understand the significance.

Feeling much more positive about AFC than I have in the last 18 months.

If car charging is to be the primary focus for AFC going forwards it seems that they will need to form some alliances very quickly as others are ahead in jockeying for position in this marketplace.

I often wonder why AFC has not mentioned data centres recently. We know they have huge power needs, and rely on continuous power so back up solutions are important to them. I would have thought a prime market.

Always dangerous to speculate.
After the AGM I was buoyed by AB’s enthusiasm and the promise of newsflow. I topped up. Only 20% down on that investment!

Bleal1969: 7 posts in total. I hope the other six were better efforts.

The excitement after the AGM does seem to have settled with the sp dropping back a bit and low volume. We could use some of that promised news very soon!

Your points are well made Peterperfect. I had the advantage of being at the AGM and heard first hand about the rationale behind the change of direction and about the technology. My honest view is that we need to consider that AFC started this journey in 2015...everything before that was a false dawn. The progress since then is somewhere between acceptable and excellent and I do believe that we, for the first time, have a viable product with a potential market. AFC now needs to confirm that.

I believe we need to get behind the firm and let them prove what they have told us.

BW

Athansius.

...sorry, I meant anything positive. Although something perfect would be welcome!!

Why do you never write anything perfect about AFC, but pump the opposition?? Doesn't seem very balanced.

Peterperfect, do you hold shares in AFC?

I wouldn't be too concerned about the claim Rooky. Scientists often make such claims public to attract grant funding. And the majority of what works in the lab does not translate into the real world.

The claim that he can double the efficiency of an AFC is spurious. We know that our AFC cell has an efficiency in excess of 60%. With recent improvements that may well be better...let's say 65%. Double that is 130% and it is of course impossible for a fuel cell to be 130% efficient. There will be some losses, so it is nowhere near double.

That said, AFC and De Nora may want to get in touch with the professor to see if they could use his technology in an AFC cell.....if even as a test bed. Might be especially applicable to the high density small-footprint cell.

On a different note those on this board will know that I have at times been a detractor of AFC, especially over recent months. Having been at the AGM I got a real sense that the company has learned from mistakes, both in terms of the commercial model and in terms of PR and investor relations. I thought AB gave an excellent performance, and was pleased that it was all summarised in the proactive investors interview. I am still not a fan of Rennocks. However I have added a further 200k shares to my holding this week to reflect what I heard.

I hope my faith is not misplaced. I would not be surprised in we see 10p soon (next month) and, if the promised news arrives, 25p by the year end.

Well done again to all the PIs who asked questions at the AGM....I suspect they had a real effect.

Peterperfect, can't you find a gencell board to spout your drivel on? Don't suppose you were at the AGM.
Please disappear and take your agenda elsewhere.

Hi BumbleB

You asked me earlier today (or maybe late yesterday) if I had asked any questions at the AGM. I have to confess I didn't. A number of people were doing so well (the gentleman AB referred to as Robbie, the chap in the checked shirt in the front row, the chap in the back row with the beard, the chap towards the right of the room near the reception table in the suit, and the lady in the back row who I think is Richlist) that I didn't feel the need. There were some pretty granular questions asked by these and they held the board to account very well. Do you know if they are LSE board contributors?

I had gone with the intention of questioning AB directly afterwards but I didn't get a chance as he scarpered pretty rapidly.

Overall I was quite relieved at the outcome. The company seems to have a future, a product and at last a target market. I hope good things now happen. And I hope Rennocks either goes or agrees to a six month meeting. I enjoyed watching him squirm about buying shares in AFC....was that one of your questions? If so, well done!!

Regards
Athansius

Dropping rapidly this morning. Bid now we’ll under 3p.
When does buying become a no brained at these levels?

What a desperate announcement on the day of the AGM. "Ultimate aim" is for a system to be "capable" of deployment and it seems nothing will be sen for best part of a year.

This is a non binding agreement. So much for Rennocks not allowing MOUs and the like to be announced. This is an attempt to make the cupboard look less than bare on the day of the AGM.

I'm hoping to BumbleB but it does depend on traffic and another obligation finishing on time. I hope to speak to Bond and/or Rennocks 1:1 as I have no faith in what they tell us in presentations or open Q&A sessions