RE: Adam Bond's Lack of Progress18 Jan 2022 13:22
HAGGIS:
"Peer Comparison - AFC SITLL WAY UNDERVALUED!!
What you MUST remember is that AFC is VERY UNDERVALUED vs it's peers, and therefore, as soon as AFC announce multiple sales, which clearly it expects from the HFC, it will get rerated closer to it's peers, regardless of the direction of the market. And the more sales it announces, the closer it will get to those big market caps. Right now at this price, AFC looks a certain 4 bagger to me in the short term, based on the MCap's below.
PPS - £279m
AFC - £295m
FCEL £1,303m
CWR - £1,362m
ITM - £2,001m
BE. £2,341m
BLDP £2,420m
PLUG £9,680m"""
Completely manipulative, what he is not telling you is that all of the other companies have solid sales and a pipeline upon which their value can be assigned. AFC has very little to pin its £300m market cap. It is not even looking like it will turn £3m over this year.
AFC need to announce sales to underpin the current share price, let alone move it higher Haggis. At £150m market cap (20p), it is still potentially viewed as expensive based on the current state of the Company, hence the drift southwards.
It is the responsibility of the company to instil confidence amongst shareholders, in the interest of its shareholders.