Member Info for Bananaman2

Rising energy prices and continuously increasing PF of assets could we be looking at a higher NAV and a premium to NAV ?

What about dividends ? rising with inflation with greater cover which can be reinvested without capital raising further increasing NAV or am I asking too much ?

I just like this investment trust and its still a way off its high's

I've added some more of these in my wifes PF alongside some other IT's. This is the highest yielding of the purchases. I would like to see this back above £3 and stable. It has dropped significantly from highs

Yes, this is my biggest blue chip holding by value. Possible rise in dividend as well as growth if their has been an improvement in H2 performance and its not a one off. I'm getting close to break even having bought lots over £7 when I thought it was decent value then.

where do you get the expected dividend payout ? I assume its an estimate but at this percentage you assume around 99p based upon last year of 96.4p for the full year. I could suffer that as it would be a small increase and at least not a reduction. Are you using production figures and PoG ?

Always moving forward with investment in a sector with increasing customer prices. Will be adding more over the next few years to offset my own increasing energy prices.

I have not sold, just refrain from posting. 12 years down the road and we are close. My focus at the moment is getting my Petroteq shares over the line then it just leaves me with AFC.

My view is that the industry or world is just not ready to take the plunge. In my role we are looking at sustainability and carbon neutral construction and it always comes back to 'who is paying for it'. We will reach a point where we have to share the cost between contractor, client and customer. Mandate what we expect to see at tender stage, such as zero emission site establishment etc. Leaving the contractor to decide how they achieve this. Solar panels on site cabins, temporary wind turbines and fuelcells to balance the hybrid systems. This is not the only thing but construction is a big emitter so eliminating this will make huge steps towards net zero.

ABB are clearly making headway in EV charging and happy with the AFC system. They just want the solid high power density system. This is not negative. Perhaps just not what we were expecting.

Shipping could be the game changer. Replace those diesel engines with fuelcells. Boom !

And now we have the ethanol fuelcell systems providing more diversity for AFC. Another positive where ethanol may be a readily available by-product or sustainable. This may open doors for AFC this year prior to larger ammonia S systems hitting the market.

I still think AFC are a game changer. It's just not been my focus and some of the posting has been disappointing. Great to see the long termers still here and keeping the faith.

Appreciate your comments Klunk my old friend. Catch up with you soon.

Bought a few yesterday. Steady dividend paid almost monthly. Boring but thats what Im looking for.

Found £5k in my halifax account this morning. Added 1750 shares at a nice price below my average. Still under water here but really not concerned as this is all part of the long game for me now. Dividend PF is growing nicely. Would be nice to have this back above £2.975 which is now my slightly reduced average from today.

SteveJones999. I'm interested in your 'extra dividend' comment in January. Is this a fact ? Where have you seen this ?

And the benefit of the AFC system being that it can accept hydrogen from ammonia as this will not be 99.999% purity as required by PEM cells.

Perhaps they will collect the Nitrogen and store it as a safety mechanism in the fuelcell bay of the ship. If they can create an oxygen deficient environment then surely there is no danger with using ammonia or H2. Maybe I'm way off the mark with that one but it's nitrogen which is used to purge petrochemical pipelines. It's very possible that it could be a safety feature of using ammonia with a cracker.

It won't until the world stops wetting the bed over COVID model number 5.

What happened to climate change ?????

That is a much bigger issue than COVID

My view is that we are in an ugly market driven by fear and greed. There seems to be no concept of value and prices are well off highs. To me, looking past all the noise it may be a time to start adding some of the best stocks and IT's in the portfolio. Taking a long term view and not looking to jump out in the next 12 months the opportunity to build a dividend paying portfolio for the future at some incredible prices is not a bad place to be. Always the possibility that when some of the countries regain control over their economies we may start to see premiums to NAV again. If you have bought at NAV or lower then its a win win.

But right now Haggis there are not enough investors in the UK market. Far too many rainbow chasers and those which want everything now. Sell at the slightest rise.

Revised focus on Climate change inbound very soon. COP26 didn't really present any solutions for me. It's all about clean power. AFC have the perfect solution to fit in a circular economy with the perfect mix of wind, solar, H2 and possibly nuclear. Needs accelerating which is something AFC are doing all on their own or at least with the support of ABB who seems to love the fuekcell system.

Haggis, yes, of course. Hadn't really thought about it that way. I was looking at it as a scaling thing assuming the electrodes are a standard size and the name plate power changes due to increasing the number of electrodes rather than making them bigger. I think my point was for example, a 100kw system using the s system would not utilise a 5ft container. For two reasons. Probably can't actually get a 5ft container and secondly the B.o.P is likely to be very similar for 100kw and 200kw minus 50% of the electrodes (electrdoes not B.o.P anyway). My point then being that it may be appropriate to utilise the liquid system for smaller static systems such as a 20kw or 50kw demand utilising the same 10ft container. Not everyone will want or need 200kw

Garonne. Until people like yourself understand that what is transformational for a company is not always reflected in the SP then then SP will never reflect the transformation. The market dictates the value of the company and the market is often made up of thick people with a very short sighted view or a single minded view on what creates value or what value should be. This week the market has been affected by COVID scares. Will we won't we go into another lock down. Market uses this to create volatility. For a few days or weeks the focus changes from the most important crisis we have to face........climate change and back to yesterday's news of COVID. However, AFC can provide a solution to climate change. Not the only solution but a very viable one. When the focus returns and it will, AFC will be best placed to see the bigger rises. Clean power is where its at and AFC are now showing their hand. Low cost high density power using low grade H2. Can't see ITM doing that.

There is still a need for lower power density systems. Not everyone needs 200kw in a 10ft container. There will be plenty of uptake for those climate conscious businesses that wish to reduce or eliminate diesel power. Even if this is through leasing the lower density liquid system will be utilised.

If they can fit 200kw in a 10ft container it using the solid system because of the B.o.P such as battery storage, hydrogen or ammonia storage and associated pipework and electrical circuitry it doesn't mean that AFC could produce a smaller system of 20kw in a cardboard box the size containing cornflakes.

We all see the need for EV rapid charging. The 20kw liquid system has proven its ability to provide this. For some businesses making the transition to clean fuel EV charging the 20kw system with battery buffer is plenty of power.

I had afeeling the S system would be further advanced than anticipated. Will be very interesting to hear what other products will come from the back of this such as an AFC electrolyser. As its alkaline I would imagine it would be much better at generating hydrogen from offshore wind. Possibly no requirement to desalinate seawater unlike when using a PEM.

Give it time, the market will start to realise AFC is the number one fuelcell developer in the world and the value gap will close. ITM is now 5 x the value of AFC. Just think about that. I now cannot understand why.

Garonne, you will end up giving yourself an ulcer if you carry on analysing every movement of the SP on a daily basis. Clearly the market is having an affect on the SP and even after director/chairman buy and the ABB news it won't head up. There will be pressure building beneath it and when it is allowed to go it will go. GB buying has to be announced to the market. I honestly don't think he is doing it for your benefit. He is taking advantage of a SP he believes to be under what it is worth based on the technology. Look at the guys history. He is a tech guy, a NED or chair of many tech companies. He knows what he is looking at. I don't suppose he expect to see the SP jump to £1 based on him buying but I am sure he knows that when the time is right it will sail past. Probably the day after you sell out and give the board a rest from your whinging

Garonne, you take a very shortsighted view. We all want a much higher SP but the market won't allow it. AFC will be huge. Their low cost solid system packs the same density as other more expensive alternatives and can use low grade H2 from ammonia. It's a win win.

That's the way insee it. The chairman will have visibility of what is coming. AB has told us that multisysten orders are expected this year so non of this will be in breach of conditions as we are waiting patiently for the orders to start rolling in as told. Operational update will be historical and not seen as price sensitive.

GB clearly sees this as an opportunity to add to his growing holding. I applaud him for that. If the market cant see where this is going or perhaps already should be then that's their problem. This, to me is now closing the gap on CWR and ITM in terms of product viability. Expect the value gap to close soon too.

Updates on Acciona, Julich or even sales are not going to be bound by these rules. AFC have already told the market they expect to have mukti system orders in H2 2021, so if they materialise tomorrow it does not make any difference to the director buy today.

An operational update may be very positive but in actual fact is historical information and will only have a forward looking statement. Therefore is not an announcement of a 'material' kind.

The buying from the director is a massive positive regardless of the size of purchase. The fact that there is an 'insider' that is so impressed with the company he is buying stock with his own money is testament to the quality and delivery of the product. He is just a normal guy I would imagine, a family to support etc etc etc.............the fact he is investing where he works is nothing but positive.