Member Info for Bondy123

I would forget the S-Cell (for now), our near term revenue and therefore prospects upon which the SP might rise is contingent on getting the HFC out there.

"We could hear more about Fortescue soon or in the upcoming results RNS."

Why would we hear more about Fortescue soon? You are setting people up for disappointment, just like with your proclamations that we would have an order from NEOM this week. I will be more than happy with an update on last year's results, and where we are related to already announced projects. If we get an operational and commercial update, then great.

Stating that we might have an update on Fotescue is speculating a step too far.

Excellent for Hydrogen to receive such high profile endorsement on a global scale.

From only 20 days ago (exe RNS);

"This contract is just one in a strong pipeline of system sales and lease opportunities which will underpin future revenue growth as we seek to capitalise on our position to displace diesel generators within the next decade."

This is the second time a 'strong pipeline' has been referred to within 2 months of each other.

With or without the Ukraine crisis, AFC still has a game changing product with a strong pipeline, which will convert regardless of what happens there. As some are alluding to here, energy / fuel diversification is something the west will certainly look to coming out the back of this crisis, of which green hydrogen, ammonia and methanol must be beneficiaries (and ultimately electrolyser and fuel cell companies). The rising cost of oil will just make diesel prices go up making our product even more attractive in our core industries of back up power and ev charging. Gutted I don't have the disposable to buy at these prices.

Peel, have projections for this year at £4.4m, which I believe at least half would already have been met with the ABB and Exe season. Today's market cap is Peel's predicted £4.4m @ 50X forward revenue, which we know in this sector, and for a company that growth stage AFC could find itself coould be extremely 'cheap'.

As ever, it is on AB and AFC to deliver news that shows it can make that predicted £4.4m (AFC have pointed to being confident of meeting brokers forescasts themselves recently, of which I've only seen Peel's). It would mean that revenue is receibvable in the next 7 months. If that's the case, we should hear about a commercial agreement or two imminently (unless, we recieve upfront dev money at any point between now and end of oct). 2023's predicted revenue is £11m, a like for like forward valuation would make this about 60p if it looks good for that number - and that's based on a valuation when it has basically kicked off in Ukraine.

Let's see how strong this pipeline plays out to be, but there's still everything to play for. IMO DYOR.

No, it's just ABB and AFC, and the recently announced £4m order, that's it.

With putins latest move which has sent Asian shares sharply down, it could be another challenging day on the markets. I hope some kind of agreement can be struck soon. Long and strong but worried.

I see both sides here as having a valid point.

1. It is somewhat silly to sit here and wonder why Afc haven’t tweeted in a given hour on a given date.

2. AB has said things that some might construe as misleading. Such as multiple orders before the end of last year and 50 qualified leads.

Im giving it until the agm to appraise where we are until then, quietly waiting for hopefully some positive news.

Of all the things the offical AFC account could post, or have not posted, I wonder why they felt they needed to promote this. Confused. I'm not sure why AFC needs to promote Exe's initiatives if it is not involved, as that would just be wierd?

https://www.extreme-e.com/en/news/503_Extreme-E-reveals-first-hydrogen-off-road-racing-Championship

"If anything is going to be announced at NEOM it will need to be RNSd tomorrow as the event is all over by Monday and everyone will be on their way home."

My advice is, expect nothing and you wont be disappointed. We have some clear goals for the coming months, and that is deploy at Urban Airport, Mace, Julich and announce an order or two. It doesn't have to come in the next few days as far as I care, but, in the scenario where there is a rising market, it would certainly be nice. Turning partners in to customers, per Cheekyboy's comment the other day is the key thing, and I don't really care if there is a new announcement from NEOM or not, although don't deny it would be great if there was.

Appreciate that aandi. I also note that they expect £30m revenue for 2022 in that note. If that's the case and they achieve that the potential SP growth is tremendous?

Assuming they came in to the year with c5m euro, surely the £77m market cap will be blown out of the water? What am I missing here? Even with the predicted £9m revenue for this year, this market cap would be 8.5X revenue, which for a company in the clean energy / waste to energy sector looks really cheap?

Even Powerhouse energy (not sure if this is a fair comparison, perhaps someone can enlighten me?) has a market cap of £177 on virtually no revenue.

Perhaps the risk here is of a 10-20% dilution (c£7.7 - c.£15m), which would cover another year of losses and the acquisition, but it would seem it is a risk worth taking, even if you do take a dilution because the upside if they do even £20m for 2022 would more than pay off? Also, that risk only exists if the c.£30m of revenue doesn't push it in to a profitable position.

Can someone furnish me with any expected challenges to the revenue coming in and any challenges this business faces in general?

Appreciate that aandi. I also note that they expect £30m revenue for 2022 in that note. If that's the case and they achieve that .

So assuming they came in to the year with c5m euro, surely the £77m market cap will be blown out of the water? What am I missing here? Even with the predicted £9m revenue for this year, this market cap would be 8.5X revenue, which for a company in the clean energy / waste to energy sector looks really cheap?

Even Powerhouse energy (not sure if this is a fair comparison, perhaps someone can enlighten me?) has a market cap of £177 on virtually no revenue.

Perhaps the risk here is of a 10-20% dilution (c£7.7 - c.£15m), which would cover another year of losses and the acquisition, but it would seem it is a risk worth taking, even if you do take a dilution because the upside if they do even £20m for 2022 would more than pay off? Also, that risk only exists if the c.£30m of revenue doesn't push it in to a profitable position.

Can someone furnish me with any expected challenges to the revenue coming in and any challenges this business faces in general?

Hi folks, do we know what the cash situation is here? I.e, how much runway do they have vs burn?

Thanks.

"We have enough partners. It’s customers we now need."

Drops the mic. Leaves.

Jgbb my knickers comment wasn’t directed specifically at you, just a general comment, apologies if it came accross that way. Appreciate the initial post though, hadn’t come accross it. We keenly await Afc to announce its first multi unit order. There is a whole worlds worth of diesel generators to replace. No one company can do it alone.

The key for obvious reasons is lowest cost of ownership, smallest footprint, flexible fuelling and they are all well within AFC’s grasp. We have a manufacturing facility and manufaturi partners ready to go, all we need is some sales to fill it. Can only be a matter of time now, surely. I mean I feel like I could sell a few units if I had to. All the publicity and market momentum we’ve had, surely this would make the job much easier for afc commercial team. Due to the cash balance in the bank they have a fair amount of runway too.

Will wait for the first big commercial order to hit, and then a good 5-10 years after before I sell a single share. Until then I’ll be accumulating as much as I can. See you then. Dyor.

Why are people getting their knickers in a twist? These fuel cells and AFC's, in the context of the Gulf region serve different purposes, and they can both exist in Neom.

Firstly, our agreement is with Altaaqa, theirs is not. Ours covers the whole gulf region. Perhaps the PEM technology is further ahead for 'heavy duty' applications. So what?

Ours, when ready, will be lower cost, more flexible in terms of fuel, and the royal families still benefit through the Dutco investment, BK Gulf etc. Still plenty of room for AFc, and this announcement does nothing to impact AFC's chances of success in the region. IMO. DYOR.

DG - Linked in is often wrong and this is clearly not correct. for instance, you're not counting Mark Bailey who is chief commercial officer. It was quite clear that AFC would use the fundraise to add commercial staff, and they plan to go from 70 to 150 employees by this year, so they must be adding.

FWIW, I think it's fair to praise / communicate frustration here on this bulletin board, but in nobody's interest to troll the company and it's employees on Linked in.

Oggs, probably because they've been getting trolled lately - I think that's a good move for now whilst they recruit in marketing so this can eventually get managed.

Garonne, whilst I share some frustrations RE AB, I think some here are frustrated about the SP dropping. My comment here is that this is happening across the board, and the Ukraine crisis has something to do with it, there is potentially war a foot there and until that uncertainty goes away there will be volatility in the markets. You might take the view that it will de-escalate quickly. The Ukranians may be able to offer Putin the concessions he wants directly and putin wins because it will appear he has Ukraine on side and has sorted things out diplomatically. In which case this may be seen as a good buying opportunity in time.

If it does actually kick off though, it will have a negative impact on all markets. The prospect of war between Russia and the West, and what it could spiral in to doesn't bare thinking about.

RE releasing news, I don't think this can or will be used as an excuse to not get stuff out in to the market that is due. My definition of 'early' 2022 extends a bit longer than yours to end of Q1.

Also, as an FYI, I read Urban airport will be c.April for construction to start so that deployment could be mid-late april or in to may.