Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
The key to everything is the Production Line. You can't fulfil orders without it and once we have a fully functioning line producing 8 to 10 units a week the pressure will be on to get and fulfil orders. At that point we can't sit there churning out units with nowhere to go can we? I think orders will not be accepted before the production line is actually functioning. But we are expecting to be at that point about now so I think the announcement of the completion of the Production Line will see orders unveiled.
I would like to know:
1) Has the company now got a functioning up and running production line turning out units?
and
2) If the answer is yes, what on Earth are they doing with the units if they're not sold yet?
It is nearly May and I don't think there's been any concrete news on this...........................
What amazes me about this share is that in spite of the hugely encouraging prospects for this company expounded on an almost daily basis on this forum and elsewhere, the positive real events like the partnerships and the Extreme E showcase the market in general does not bite. The information is public knowledge, large companies have invested. Yet still the market does not seem to see this as a golden opportunity at these prices. People wait and wait for the actual orders but surely when they arrive the SP is likely to increase rapidly and substantial capital gain will be missed. Clearly there is a risk but everyday it seems to get less and less. I would love to see inside the minds of those sitting on the sidelines here. I suspect tthat some of them are funds with strict rules about investing but there must be others who are free to act.
I am interested in when the production line is up and running. As soon as it is fully functioning there will be a need either sell or store the product. Storing these units would be expensive. I wonder if they are not actually accepting orders until the production line is complete and the orders can be fulfilled with realistic deliver dates. Originally I thought we would be in production now. Are we? How close are we? Once the lines are running if we sell the lot what would the annual turnover be worth?
I do not believe were going to have two production lines in the near future with no orders. The management must be expecting serious and substantial take up otherwise none of the devepolments we have seen over the past year or so make any sense. I have every income will start to be generated very soon. The triggers will be Acciona trials and Extreme E. Proper tests in the "field".
If the Dunsfold facility is complete and running by end of March they will be producing 8 units + or so a month. So, assuming AFC wont be stacking them up outside in the yard, there must be orders. Once it's complete it would be insane to keep it idle waiting for orders.
I really don't get all the gloom and doom on here. We have an excellent product delivered and on board a vessel that is going to go on a fantastically well covered multi destination tour involving green motor racing. On Monday (likely or at least next week) we will have an informative statement that will no doubt have much of interest incorporated in it. These SP shinanegins at woefully low volumes are mere ripples in the pond. I am very secure in my investment here.
It's wierd to me that the price jumps a little bit and then is held static and starts walking down as though this wasn't significant news. Does no one read these RNS's ? It's surely worth a lot more than 5% up. I will wait and see over the next few days hoping some investors might notice what a bargain this is.
The best place to invest in manufacturing is clearly in the EU as INEOS Chairman Jim Ratcliffe (the prominent Brexiteer) has realised when he chose a German site for his assembly of the new Grenadier "Land Rover look alike". THe UK is a dead duck for manufacturing now sadly following Brexit.
Anyone who thinks this country was better before we joined the Common Market/ EU was clearly living on a different planet from me. Britain was the basket case of Europe and being a member of the EU was what saved our economy and our influence. Outside the EU we will become an irrelevance IMO sadly. I worry that our UK manufacturers will not survive Brexit. Being outside the EU will create nothing but problems.
The Brexit debacle will make trading from the UK very difficult. No deal will make it even worse. Perhaps AFC should set up a plant in the EU . We could take a leaf out of Jim Ratcliffe's book with Ineos and the new Defender.