Member Info for Bananaman2

Easy to set up a UK subsidiary wholly owned by a foreign business.

If you are intimating that De Nora may have purchased a piece of AFC

Piltlick.

No more dilution, no more finance thank you.

AFC should be self sustaining with free cash flow.

I hope this fundraising is supported by some orders in the short term.

Klunk. We don't know what they have agreed. Perhaps this is the first step in the move towards a £650m MCap

SWLC. What have they done with the cash. Any orders or still just pipe dreams.

Hoping that AFC are not just looking at building a load of units but actually will announce orders within 2 to 3 weeks based on having a 5hit load of cash to finance and accelerate manufacturing.

full on wedgy.

F******* long term investor. 10 years some have been invested. This wants to be good now or someone will get lynched.

Brighterlater. Haven't we heard this before 'To support the company with manufacturing and commercialisation.

For £30m quid it would be nice if we could orders immediately and deployment within 6 months nit 12-24 months.

I am sure there is a positive undertone to this placing but can't get my head around the drive down from 39p highs to a placing at 16p.

Tradegate has also not taken the news too well. Also dropping once the Germans caught on.

Agree that ITM and CWR both grew rapidly after attracting significant investment but they both had large organisations investing directly and taking large stakes.

AFC appear to have gone to market.

All a little confused to be honest.

Considering Tradegate hasn't moved then I suspect it will be 16p

hopefully £ 650m as that is the inflated shares in issue at a £1 valuation.

Not unrealistic.

Those Americans have a lot of big refrigerated vehicles. 100s of MWs of power needed over there just for that.

SP erosion is incredible with TPG. Can't see why the company has lost 25% of its value with no change to the fundamentals. Still in profit but getting very pi**ed off with the walking down of the SP.

Pathetic.

massive potential. Even with just 20Mw capacity £85m MCap is possible. Looks like they are going for a bigger chunk of the annual market size. 100mw per annum capacity could provide an MCap of £400m or £1.33 per share.

Add in Graphene for future prospects and 7.5p is a good way behind what could be achievable in a 12 -24 month period.

By Christmas I would like to see this late teens to early twenties.

Expecting 20Mw capacity to be achieved in short order.

20Mw capacity is clearly not enough to cope with expected orders.

Increasing Italian capacity is underway and licencing agreement for further production is in negotiation.

PH makes a statement regarding the predicted income from 20Mw based upon the lower sales price believing it would generate £6m before EBIT. He went on to state that using a P/E of 14 the MCap would be £84m and the SP would then be 25-30p. But that is based upon 20Mw. Just think where this could be if they have 50Mw or 100Mw capacity. Seems demand is there and within a few years maybe they will have that sort of capacity considering their view to be market leaders.

This still does not consider the potential with Graphene.

Could be looking at £s not pence within 24 months. Long way to go from here.

Very very positive and looking forward to the next 3, 6, 12 and 24 months to see how this unfolds.

With free cash flow there is potential for a dividend. The dividend could be more than 5p per share in 36 months time.

I am just upset that my time to trade arrived and nothing was available.

Pants will have been well and truly pulled down for some today. Massive drop on no volume and cannot buy.

Standard tactics of a tree shake ready for the next move up.

Tried a top up all afternoon. Straight to fill or kill. Only wanted £1000 worth.

Could sell the lot though.

Daylight robbery.

4 months seems like a fair trial. With the data it would be clear to see a good average for energy production and fuel savings over that period converted to an annual figure.

I like the reiteration of the point that they expect to supply 4000 vehicles with solar in the near future.

Feeks, great link between IM efficiency and VDTK.

Sounds like there could be an outcome to this trial very shortly and a possible order for 5kw x 4000 trucks.

That would certainly fill the factory and phase 1 complete.

we have to have hope that AFC are actually working very hard behind the scenes at finalising some deals . Be it for a 20kw system, a 20kw system with battery, a 160kw system or a number of systems we dont know.

I cant imagine that they are doing nothing they just having nothing which they can tell us today as it is protected by an NDA or several of them with different customers. Once this moves to the next phase (fingers crossed, with lockdown easing this will not be too much longer) then AFC have to notify the market as it has a material impact on the SP.

This is where we are at. Regardless of the potential use of the 20kw system over the 160kw system it should not put buyers off initial small scale orders followed orders for larger more power dense systems.

Customers will always treat carefully around something new that is not well understood. To a certain degree AFC have picked a gap in the market and some customers may not have much choice if they need to comply with emmision rules and become carbon neutral. Grid connection may simply not be an option. Plans have to unfold from somewhere or 2050 will arrive and we will still all be procrastinating over whether to go with a few 20kw systems to get us started before buying a bigger unit.

Let's try and be positive. Very easy to slip into negativity just because individuals expected timelines have not been achieved. Mine have been missed by years.

Daz, I get why you feel this way. I honestly don't think its that simple but I do think AFC or on the verge of something big with someone big.

Just a gut feel.

Yes the 20kw system maybe a little pointless but it will not stop sales and getting customers on board as they grow there EV fleet and purchase higher power density systems.

Don't think AFC would need to sell much to be a profitable business as they do not have a large cash burn. Any sales should be profitable and not sold at a loss. After all they have spent 10 years developing the system to be commercially viable. This only increases as more power dense systems become available.

Commitment now from buyers will lead to prioritisation later I would expect.

Fairly sure AFC will be helping potential customers with planning and siting which during lockdown would have been very difficult. This may now be in accelerated mode due to some relaxation.

We have to be a little more patient and remain confident that AFC have developed the holy grail of fuel cell technology.

Any of the 20kw systems bought now could be potentially used for flexibility in the future. The move to EVs, hydrogen production and energy is not going to be cheap or efficient at the outset but I don't suppose oil was when it was first struck. Its only with adoption of the tech that it will start to become competitive. I am not sure that AFC will sell large quantities of the 20kw system (which I believe can be upgraded to 75 or 80kw with battery storage) but they will surely sell them this year as businesses make that transition to EVs.

I believe next year 2021 there will be a 400kw+ system available in the same footprint as the 160kw 40ft container. This is also stated as a liquid cell with a revised stack configuration.

The 20kw may be procured as proof of concept for customers moving to EV that want to try before they buy a much larger charging infrastructure.

Below is the link to the AFC product page where the 400kw + system is identified for availability next June. What do we know about the current status of this ?
https://www.afcenergy.com/products/hydrox-cell_l/