Member Info for Bananaman2

May be this week or next we will get an update on this. News rich period starting in 2021 but possibly with just 6 days trading we may get a Wood update.

From the RNS

'These two reviews are expected to be completed during Q4 2020 and the Company will make a further announcement at the appropriate time

Exactly that Haggis.

I'm not sure how to answer the question risky ?

AFC are not licencing the equipment so they will benefit from a full sale price. Selling equipment at a loss would not be good business sense for a commercial product. I expect the sale price will exceed the cost of sales and therefore AFC will benefit.

13 hrs 49 minutes and counting until Monday morning opening.

Good post Haggis. My view on the ABB partnership as I mentioned is the fact that ABB have already established themselves in the EV system market. AFC fuelcell system allows ABB to extend their offering to an extensive number of existing customers across the world. Bosch do not appear to have this customer base and also not targeting deliveries by the end of next year. CWR also have a licencing deal with Bosch. AFC will benefit from the full value of the sale of equipment. Its exactly the type of partnership that was missing for AFC to be a credible investment for investors. I am sure Bosch and CWR systems will target a large range of applications but this is also the same with AFC both with ABB and also new strategic partners.

We need to remember the biggest benefit of the AFC system is its low cost. They haven't just developed a fuelcell system that works but have ensured that its is cost competitive making this attractive to buyers. This will be even more apparent in 2022 when the solid system is developed and commercialised.

I will check it out Southernhay. Thanks

I believe DR has been a good leader whilst taking the company through R&D. He is after all an engineer at heart. His ability to take the company to the next phase which is transitioning from R&D to commercial business is perhaps out of his comfort zone and he at least realised this by stepping down. Fortunately PHE will retain his expertise as a consultant engineer whilst the Engineering team is developed and grown to deal with commercial product deployment and further development. A new CEO will have more experience in the commercial delivery of a business at this stage.

My guess is that PHE will be very selective to ensure the right person is found to take the PHE licencing strategy global. It really could be an absolute beast. Up until recently I could not see the benefit of the DMG technology, now I can't see what people are missing. I thought it was capped at 10p. Now I think we could see that by Q1 2021.

£1 per share sounds over optimistic but nobody knows where this sector is going or what the possibilities are for PHE on a global scale. If they have the tech to turn plastic waste to tonnes of H2 and feed the market then the buyers will come flooding in.

Advisable to load up ISAs to the max. A clever investment can lead to tax free income if you can build a decent pot. Much quicker than a SIPP as this is only accessible at 55 or 57 for me I believe.

My goal is to have sufficient dividend income from my ISAs to be able to retire. Many FTSE 100 Companies you can find paying dividends of 5% before COVID i think BATS was paying 11%. Dividends paid within an ISA is tax free. Admittedly AFC are not paying divis but they are creating wealth through capital gains. Who knows in a few years they may be paying a divi or alternatively the SP may reach investors target price and they sell redeployment the capital to a divi share to benefit fro tax free divis.

ISAs are great, and if you're married you can use your partners. Can be risky to invest everything yourself.

Don't see Bosch on that list. Just another reason why this partnership with ABB is better than the CWR/Bosch partnership. They have much further to go to penetrate the market.

I think we will see more people waking up to the value this 'first strategic partnership' adds to AFC but also how it extends ABBs market offering. Its certainly not one sided.

Morbid lot. I'm hoping to enjoy mine. If that involves hand outs to the kids so be it. At least I won't worry about my death and no body benefitting. Shouldn't tax green investment in such a way. Ruthless government principles.

Sprog. Stick to the expensive alcohol. Wine, whisky, champagne even gin (my personal favourite - recommendations welcolme). At least you can enjoy it and worry less as you said.

The exact citation of the £50bn cost is by 2035 and can be found in a number of papers

CCC-Accelerated-Electrification-Vivid-Economics-Imperial-1.pdf

Copy this link to Google if it doesn't open. The £50bn figure is referenced in here.

RoenonV. 6 mins in AB talks about cost of grid augmentation.

I urge you to watch this again or to just watch it if not already seen. AB speaks of ABB being the first of a number of strategic partnerships.

https://youtu.be/1lYumdcEvzM

I am sure its was actually referenced by Adam Bond in the proactive interview released this week.

Sorry reposted same link. It was this one. Second Musk post reBTC

https://twitter.com/elonmusk/status/1340581313406001153?s=19

RoeninV. The cost for grid upgrades in the UK alone to support a transition to EVs is estimated at £50bn. The figure for this on a global scale is unknown but is likely to be far far greater than the £140bn estimated for EV charge systems by 2030.

It is the requirement for avoiding costly grid upgrades that AFC will be targeting and clearly ABB have done their research in this area. As more fleets and large distribution business' transition the demand will grow for power. Existing systems may not exceed distribution capacity now but they are expected to at many locations where fleets expand and need mass power delivered quickly. It is not about the ability for the world to develop the power but the local DNO's to distribute it through an aging network. Upgrades are costly and disruptive.

Athansius. I could not agree more with your last post either. EV was written off by some but AFC have as you said circumnavigated the market and picked the best partner.

EV charging is perhaps 25% of the market for AFC fuel cells systems in the current liquid form. We still have genset or temporary power replacement for festivals, construction and offgrid power in general, back up power and stationary power not forgetting the uses for Alkamem once commercialised.

80-100p is also my near term target and very achievable. Back in July/August I thought we would see it this year and felt certain the partnerships we are seeing now where being worked on behind the scenes or AFC may not have been able to have raised the £31m with such ease.

£1.50 as you say is a £1bn MCap and perhaps the first target medium term for AFC. With CWR attacking £2bn i think AFC have legs beyond £1.50 with a 12 month plus target.

Without sounding patronising Athansius its great to hear you up beat about your investment. Appreciate you have been here some time and have much at stake. Really pleased for everyone that has kept the faith through some dark times over the years.

Just look at the likes and retweets of this post in just 30 minutes.

Then followed with this

https://twitter.com/elonmusk/status/1340573003579617280?s=19

https://twitter.com/elonmusk/status/1340573003579617280?s=19

That's 13 projects without conversion of any existing pipeline of commercial opportunities returned in H1 2020 which equated to €205m. There is a good chance as DP said in the interim that EQT expect to develop these opportunities further and some may reach a contractual stage early 2021 with financial close towards the end of 2021 adding more to the 13.

2 big ones are Billingham and Deeside but Carbon sole are also 3 x 25Mw projects where EQT will take up to 25% stake. This stake is equal to that of Southport which may also reach financial close in 2021.

Very good time to be in EQT and a good entry after Fridays news

For high volume hydrogen production the PHE DMG process is very efficient and deals with the plastic waste issue (non recyclable)