Member Info for Daz9643

‘Makes perfect sense to me. Why would we put all of our effort in to alkamem when we have the opportunity to sell fuel cells and we need our resource to focus on that?’
Erm…because if you’ve found the holy grail it would be worth a few bob, turns out it wasn’t the holy grail but a rusty bed pan. Alkamem samples were handed out to industry for trials years ago, Bond made comments that Alkamem would be a revenue stream in its own right as it was sooo good, but yeah, let’s drop it for now lol.

AFC have provided misleading information and will have to issue a correction.
Revenue and deferred revenue increased by 266% to £2.2m (2021: £0.6m)
2021 should be £0.8m, good job AFC and auditors !

I disagree, they are a product for sale on the website, very definitely a finished fully tested product

Chuck, Acciona have a fleet of 30 - 80kVA generators and we produced a 10kvA power tower and even though it’s modular nobody wants to string even 2 of these together so far, so we’re now looking at getting the new product ready to sell before we’ve even sold one of the incumbent products. Maybe they’ll be able to sell the 50kva system but again it’s months before we’ll know, we know it’ll be in the 2nd half of this year so could fall into the next financial year !

AFC have only just managed to produce a fuel cell system to boil a kettle, I think powering ships is in ABs imaginary world.

Yes bumble the systems are always getting better but never good enough, the production run of 10 power towers is nearing completion but field trials have already confirmed what we already knew, that they’re not powerful enough so they are redundant before they’ve even finished being built. All they are now good for is trialling using hydrogen on site and how easy/difficult it is.

Who in their right mind starts the annual financial report for the previous year but then immediately starts mentioning everything that’s happened post year end ?
It’s because there’s little news financially for last year, a £4m order from ABB that turned into a £2m order so possibly being supplied below cost, plus £200k other revenue. Once again it’s all about how great next year will be and we’re already 6 months through that next year with 8000hrs rental secured, what an achievement !

Or urban airport. The only revenues in the 6 months of the new financial year are 8000hrs of power tower hire and the Acciona hire, 6 month’s revenue !

"The decision was taken during the year that with the short-term demand for products in the field’
So much for the 50+ qualified leads and growing order book, how best to announce it lol.

Agree Garonne, more Bond BS for an amazing product that quietly gets dropped.
And then there’s this -
‘Next development cycle will incorporate feedback from field trials including increasing output to c.30kW and reducing production costs’
It’s taken them a year of field trials to work out what we’ve been saying all along, what use is a 10kw power tower that can boil a couple of kettles.
Oh well, back to more r&d and new products and yet more rust in the AFC car park.
No wonder we’re still sat at 20p

Lots of technical progress like we have every year of course.
Obviously delayed to try and put as much positive news post year end as possible. Not including the ABB order revenue is less than the previous year.

Seeing as you like to be transparent Haggis and your love of using capitals, I would rephrase this statement -
IKEA are another ABB client that may OR MAY NOT need the off-grid AFC+ABB EV Chargers later on.
Just so you can’t be accused of ramping.

Maybe they have a fleet of 30 - 80 kVA diesel generators and 30 of them are 80kVA

What we need now is for Altaaqa to order a hundred of these

Because so far they’ve only trialled a 10kvA power tower, this is a completely different product and will no doubt be another 6 month trial, fingers crossed then we might start to see the long awaited multiple unit orders.

For me this is the best bit,
Miguel Paris Torres, Head of Area at ACCIONA's Construction R&D Centre, said:

"Our partnership with AFC Energy is very valuable for ACCIONA and through our collaborative approach to system design and development, we are confident the Company's new 50kVA generator set will have wide reaching adoption across the construction industry. The system's modularity, scalability and compactness make this an ideal platform to displace diesel generators from our construction sites in the near term, helping us to achieve our decarbonization target for our construction activities, and we look forward to taking possession of our first system later this year."

The point is Haggis accuses everyone else as badgers and giving misleading information but he’s the biggest culprit

If it was cheek the SP would most likely have finished higher rather than 3% down if the 3m was a buy.

Oh dear teeny brain Haggis still doesn’t get how shorting works. WHEN YOU OPEN A SHORT YOU SELL STOCK YOU DONT OWN AND THE SP GOES DOWN, WHEN YOU CLOSE A SHORT YOU BUY BACK THE SHARES TO COVER THE OPEN SHORT AND THE SP GOES UP. GOT IT NOW ?
So it’s more likely a short position being opened which would make sense since the annual accounts are going to create a bloodbath.

Actually Bumble/Brettington during the lockdown AGM out of the 10 questions submitted to AFC, 3 of them were mine, and not a single one was answered satisfactorily.
I actually asked fairly important questions like what is the revenue forecast, when do you expect to break even, basic questions that any investor would want to know, rather than the pointless technical questions.