Member Info for Bananaman2

If you want to but it is exactly that again. Last time I set the order and price I wanted to pay and it was filled.

Price set was just below mid at the time but MMs pulled the bid so by the time the trade was executed it was just over.

May not work all the time but when its fill or kill you don't have much option.

Yes, nice saying. Not leaving any for the next man would result in a spike and that is not something we want. We need a sustainable rise and SP reflective of true value and in line with peers

Although we are a way (little I hope) of the peers in resepct to sales I dont think their is any potential yet priced it. As lets be honest, sector peers including some more well know fuel cell companies do not return a profit yet.

I think AFC have gone the extra mile with the FC development and could, although be the last to commercialise, be the first to be cash flow and net profit positive.

What did Mr Bond say in his RNS. 'Eventual breakeven'.

Well I guess that is in his sights

Phat. You have just supported my 'multiples from here' but have actually put £ sign there.

And why wouldn't it be when orders validate the system with customers. This is the only thing we are missing at the moment to be a commercial business. Once AFC have delivered and further orders are received the validation of the business will continue and the MCap and SP with it.

Very excited about the prospects again and looking forward to seeing what happens between now and the new year. More so for next year.

MPO818.

I am expecting much more than double from here. This is not a ramp it is based upon the sector, the value of its peers, the IP, the ability for AFC to provide a low cost option to customers proving that green tech does not have to be expensive just because its green.

AFC have spent a long time developing this to not only be as efficient as possible but to ensure that their offering is competitive on price. Although it may not be with conventional power, this is no longer the driver as environmental regulation comes in to play and the hydrogen strategy takes shape. It will present a serious advantage over sector peers that have not managed to get the cost of the systems down to a level and have focused on just getting it out there.

Double from here, I am thinking in multiples of more than 5 to start with. Still wont have the value of its peers even then.

Skins4. Do you not think this is creeping up without the RNS. People are aware that this may be a closed period and that raising £31.6m a few weeks ago is just what was needed to gain the traction in the market place.

I can see this above your sell price before news comes of any orders but TBH I have never felt more confident of the prospects here. And I have held these for 10 years this year which is not as long as some LTS'

Cat, the comment regarding offshore platforms is an interesting one. This is predominantly diesel generator driven.

This really is a remote location and certainly off grid.

Also agree that a fundraise which is used for growth and expansion is often worthwhile. Besides that, the SP is much higher and if funding was ever raised it could be done with minimal dilution. The ideal scenario is that expansion happens with free cash flows which are predicted to be available this year or at least be cash positive as per RR's RNS comments this morning.

However, funding was in place only in May and this was not used for developing the Lainite factory for the first 20Mw as this work was completed. It also did not cost a grand amount to put the production facility in place. So on this basis the chance of a fund raise for expansion is not very high but if it did happen it would not cause significant number of additional shares, but would add value to the business. It would only be a positive.

RR gives me the sense that he really knows what he is doing commercially and has the shareholder interest and value at the root of his decisions. This is supported by the fact that he has a significant holding of just under 1% of the business so he is adding value to himself.

eddie666. Always. But its a confidencd thing. I wished the same but as I have felt the company has derisked by signing more contracts I have averaged up along the way.

So much going on, so much potential for growth and not ton mention the JDP with Paragraf which could be a transformational game changer.

Something is bubbling behind the scenes.

I am feeling very positive about this at the moment. Just a gut feel but supported by the fact that the speed in which they raised the £31.6m capital and the amount. There is definitely NOT nothing going on.

Perhaps we will get something positive this week once the EGM has been completed.

I wonder how many more mine operators, oil and gas customers, marine, agriculture and transport customers they are talking to ?

I would expect that eventually that instead of running on diesel at night customers may turn to batteries charged throughout the day from additional solar. The diesel generator will be used as back up in the instance that there is an issue.

Cash flow positive by year end.

That is a brilliant job well done.

That is the benefit of being commercially driven and have an interest in the performance of the company, hence the fact that RR holds around 2.5m shares in verditek.

Still don't want any spikes here but its looking like this will be considerably higher based on expected and actual contract news. Not considering the graphene PVs at all here at the moment. That would be mind blowing.

Great work from the sales team. Only a small order initially but clear to see that it will be multplied by 6 as minjng capacity expands.

Worth noting that this is only the first mining contract. There are thousands more throughout the world which could follow.

Also a very well done for having the foresight to expand capacity as they are certainly going to need it.

Great news is coming thick and fast. I had a feeling something would happen today. Missed this at 0700 but glad I checked back in.

thanks guys.

They could be in the FTSE 100 with that MCap in 2 years. Thats bigger than Barclays bank.

Wow, that is some potential growth. Do you think they can do it ?

Himan. In the other thread you are suggesting a SP of 2000p in 3 to 4 years, is that correct ?

Based on the current share capital of 1.2bn would that not give a MCap of £24bn ? Thats huge !

Himan. Just concerned that the MCap may be a little frothy considering the net profitability.

himan. Thanks. Answered in another thread.

have been thinking of buying a few but can't get my head around the P/E at 51. Is this not very high ?

People suggest this has a long way to go up yet but surely this will push the P/E higher ?

How can I justify the P/E before I invest?

Is a P/E of 51 not massive ? Where is the value ?

worth a read of this AFC blog if not already

https://www.afcenergy.com/a-viable-solution-for-the-ev-transition/

Re-asserts the fact that the AFC EV charger will be a solution to ralid charging and the UK cannot rely on costly grid upgrades which are not as timely as you may think

I want, we should not look past the fact that this is an AIM company. Much of the valuation is based upon IP and potential, of which AFC have lots of both. To be positive, I would say that none of the potential is priced in.

Revenue is the next step for AFC as they commercialise the business with the Hydro x Cell (L) systems. Revenue is what is received by CWR and ITM and therefore they have potential priced in. I would not say that either of their valuations is based upon P/Es which are multiples of net profit as neither seem to have generated this yet.

Taking a look at CWR, much of their revenue is generated from licencing but they have very high operating costs covering R&D. I feel that AFC have done a superb job in keeping operating expenditure down and have been strategic in ensuring that partnerships such as that with De Nora have been worth while.

Because of these low operating costs at AFC there is a very good chance that AFC could become cash positive before someone like CWR and possibly ITM (have not really looked in much detail)

Alkamem could be sold or licenced. As they accelerate the development there is a fair chance that trials have been successful. So now, to produce in the size and scale required will take a little more development, but it feels close.

All this is adding fuel to the potential fire, whilst raising the value of the IP. They have done their R&D and have a commercial product, with some development remaining for the solid system which has been included in the £31.6m raise.

If AFC could be a little more open regarding pipeline or projections is would certainly help raise the 'potential' further. We may not see strong revenue until next year but it certainly won't be the only driver in raising the SP over the next 6 months.

But they have found a market for their system. This was a target market for AFC at one point. Maybe it still is.