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Ofcourse all with the disclaimer of do your own research, but I recently bought into Verditek, which is a solar panel supplier. The reason bought was that they are part of the new green economy, recently had an equity raise of about 3.5m so they have some cash lying around, they are also in the stages near commercialization with some deals done recently. They are extremely cheap with a market cap of about 25m and share price of 7p, so with these numbers it was worth my risk.. It's a shame their investment community is not as active as this one, because when I was thinking about buying into AFC early in the summer there were a lot of very knowledgeable fellow posters who provided technical background to the product. I owe them a lot of thanks for sure since they were tested for 10 years before AFC got where it is today
I topped up at 45p with a similar thought and didn't really expect the ABB deal. My reasoning was as follows; I am not planning on getting out in the short term anyway and plan to hold it for a few years ahead. The green economy is just gaining traction and so is AFC. Sure there might be bumps in the road for the share price, but that's all good since I expect it to rise again in the long term. AB mentioned 1m in revenue in the operational update closing the gap to their costs, they have a lot of money in the bank, they're just getting noticed by clients and investors looking at the volumes and Google trends, and who knows what exposure is to come from Extreme E (I was looking at testing footage from this weekend and noticed AFC Energy was included in the bottom banner with the other huge names. This is different from a few months ago for sure) and this new IR guy
I got in today with 13,000 shares. Looking to expand my position over the coming months
Don't forget its largely risk off today in the entire market. The UK is facing a Brexit deadline with stalling negotiations and a new mutation of the coronavirus. Given the huge increase of the past weeks I'm actually surprised AFC is still in the blue
Hi guys looking to get into Verditek. The outlook seems to be pretty good. Just raised 3.5m which should keep them going for at least two years, some more deals in the pipeline, at the crossroads of Brexit and Covid. Could be worse I guess? What am I missing?
What I find interesting is that Acciona will also be participating in the Extreme E race. Ofcourse these are different parts of the same, huge company, but still its nice to see things come together in such a way. To me this signals that the step from a testing unit to an actual order will be much less steep
@Bananaman2 Exactly. Don't forget that many customers will demand that their supplier has the capacity to even be able to fulfil their order. I can imagine that if AFC was having talks with potential customers and they would ask about their capacity customers wouldn't be impressed with the one hangar at Dunsfold and talks with a potential 100+ units manufacturer. Now that things are concrete the fundamentals become stronger. Why would a company place a large order if AFC wouldn't have the production capacity anyway? If anything I think the collaboration paves the way for larger order to come
Have faith! Oil prices are way down which makes alternative energy more expensive. Don't forget the hype on the customer side is just starting with all this namecalling due to Extreme E. I think the current marketing is terrible. These guys at TUVA Partners clearly have no idea what the f*** they are doing, but that doesn't make AFC a bad company. Two months ago the SP was at 21p while more traction has been gained. I am looking forward to Extreme E testing. The companies who bought in in the 30m round could be in it for the long term instead of a quick buck
@Mikodx while I do agree that these are nice names we haven't heard anything from ACCIONA and HiiROC since spring. I know their collaborations are set to start later in 2020-2021, but just something to keep customers and investors from losing interest would be good. The same goes for DeNora. There must be developments right? Even if it is just business as usual for them, showing a functional rig and a summary of developments now and again would ease a lot of troubled minds on AFC
@jgbb123 I believe it is the second. I have seen the interviews with AB regarding the Extreme E collaboration and other matters. The guy is pretty dry.. I would say this promotional video covers everything, with some nice shots to go along. Having a live interview with AB in my opinion would have been less good. The only thing what I would have loved to see was the Odyssey 21 attached to an AFC charger
@DW
@SonofaGun
If they are talking about EV charging with the AFC Energy systems then they obviously could have seen it? They have showcased it a few times. Of course these were not tailormade for Extreme E, but the technology is still there. Also, I cannot imagine that after nearly six months Extreme E hasn't seen anything from AFC since the partnership was announced last summer
Very nice coverage
https://www.youtube.com/watch?v=KF_mjtEcBEY&feature=emb_title&ab_channel=ExtremeE
Rich,
The answer probably lies somewhere in the middle. Form the client's point of view, even if they are buying crap, buying the product at a severe discount would not justify the purchase. Eventually they will just shoot themselves in the foot, because the product breaks down (etc.) and they would have to find an alternative supplier. If anything it shows the product is of good quality (potentially CE marked?) and can win a tender. This means it can win much more and let's hope it does