Member Info for Escala

If anyone is in doubt, just read the posts from 0712 onwards today. This is what this board has become.

It's little wonder that most reasonable posters have deserted this board for greener pastures. It's not only the derampers responsible for that as others have set the tone of the board as well. This place has become akin to a nuclear wasteland...toxic and best avoided.

I wasnt aware of any tie up between Logan energy and AFC taskmaster. Do you have any details?

Thanks Garonne

I've been in AFC a lot less time than most on here, and I can understand the frustrations.

I think there will be a market for the Power Tower, but I agree that the big bucks lie with the bigger products that are in development.

I disagree Garonne

A 100 Kw diesel generator is a big beast. Nearly 4m long, up to 3m tall and 500kg in weight. Have you seen a Power Tower? it's not much bogger than a filing cabinet.

Again you are either being obtuse, or you are not doing any research prior to posting your unvalidated and biased views.

Garonne, you must be choosing to be deliberately obtuse as the different iterations are described on the products page of the AFC website very clearly, from Power Tower to Power Cube.

That's a great post Daz and great news. It's exactly the sort of thing I was alluding to when talking about AFC's pathway earlier today.

I haven't joined the Telegram group, but it seems like I should try to.

my comments on poor behaviours should, as you rightly say, apply to rampers and derampers alike.

Chippyjo is a pilot I think, not an electronics engineer. Being a pilot does not confer any knowledge re fuel cells (or at least not for me...I have a PPL).

Doors to manual.......

* the rhetoric, not with rhetoric

Hi Athansius
I hope you won't mind if I don't detail my holdings in AFC, but yes I have added modestly to my holding in AFC over the last 2 months or so. I see a significant SP rise coming so have used my ISA.
I can understand the reaction to my earlier post. Many will be sitting on an average well above the current SP and will have invested based on the promises and implied activity AFC made. For a long time they failed to match with rhetoric and I can understand that people will be sore.

However, investing is about cold hard facts, and looking forward not backward. My summary below is where I see AFC today. 14th July. I think AFC has great potential and I just don't see why some feel it necessary to shout the company down incessantly. if you believe in it invest. If you don't then don't invest....but why hang around the board trying to spoil it for others. Differing opinions should be welcomed, but politely stated and supported by reason or fact. Compare:

"I can see why some feel there is potential, but I am more swayed by the poor past delivery" with

" F*** me. You are a T&4T and the board are a load of W&^%£$%. And I will say this every day, or several times a day, without fail"

Unless, of course, there are other motives......

Aldebaran
You are clearly here to re ramp and just be generally disruptive to AFC. No doubt you have shorting masters to serve. If not, I suggest you look at the AFC website and read the latest report. The pathway to sales is very clear.
Let me summarise.

A year ago AFC had no defined product, save the now defunct L series.

Now we have the power tower, and already multiple trials and deployments have been RNSd. That's pretty quick. If you have any knowledge at all you will understand that the initial target is construction. The model there, for many years, has been one of leasing from third parties. eg Speedy Hire. That will not change. But before the leasing companies get involved they need clear evidence of end user need. We are getting that via the trials.....and look at the prestige of the companies involved. That seems like a clear path to market to me. Support networks for leasing eg Altaqaa in the Middle East will take time to build. We know that the Acciona unit is now commissioned according to interim results document, although delivery date was not specified.

If you now go back to the website you will see the clear developments under way. This includes multiple power towers up to 100Kw, and power cubes up to 1 MW. To that you can add in fuel flexibility, and we assume these things will develop over the next year to 18 months. Pretty quick given where we were a year ago.. These open up other markets, some very large. So to add to EV and construction will be data centre back up, power back up for large buildings and institutions and, the biggy, marine power.

So my view is that the views of the multiple doomsters on here completely fail to understand or accommodate where the company really is and where it is going. So either the authors choose to ignore this or are paid to ignore this.

Yes, the SP is dire (anyone would think the whole green sector is down, we have rampant inflation , a war and covid.....as if that combination of events would ever happen). But separate that out from the increasing order book, the technical progress and the likely pipeline and that translates to turnover and to profit (and we have no debt). The look at the Ceres MCap, and the ITM MCap, both based on modest forecasts and ask yourself if the potential upside is much much greater than the potential SP downside for AFC.

I have decided the answer to that question, and you can too. The only caveat is that AFC is portraying itself honestly and honourably.

I haven't posted on here for some time, but dip in regularly to read the thoughts of others.

It is really sad to see what this board has descended into. There is no reasoned argument, no one setting out the pros and cons of events, or giving both sides and then a view. There is only sniping, insulting and an underlying trend of self-serving nastiness. I don't know what posters' motives are, but they are certainly not to nurture a useful forum for discussion. I have been back over quite a few pages and there is barely a useful or well-meant post in there.

I accept that the options RNS this week has not cast Bond in the best light, and I am concerned that the promised delivery date to Acciona has apparently been missed, but what depths this place has plunged to. It has no use to any genuine investor at all at present.

I think it is really important that we get the systems due by end of Q2 out to Acciona and Keltbray on time. That will provide huge confidence in the development stage of the technology. The it is about integrating different feedstocks.

On a different note I was wondering if AFC could have a viable replacement for gas boilers and electrical supply in domestic homes. Ammonia would be the ideal fuel, and by comparison is about half as energy dense as heating oil.
Would a combination of a Power Tower plus battery storage, perhaps augmented by solar, be viable? Heat pumps are unreliable and expensive - could this be an alternative. The domestic market would be huge.

I'm no engineer so haven't done any sums to check if possible. Cost of ammonia might be an issue.

Looks like I should have delayed my initial purchase by 3-4 days.
Comforted by the fact that this drop is sector wide, and actually market wide.
Sentiment will change quickly and recovery will follow. Very comfortable with my investment decision.

Still think those broker targets are a bit fruity though!

Garonne, you called me a brave man.

Had it occurred to you that you might be wrong on both counts?

I don't think I am brave. I have done some research and feel that AFC has great potential. It's not brave...just investing. I get it wrong sometimes, but overall I do ok. I respect that some, like you, might disagree and I'm sure you have your reasons for doing so. No problems with disagreeing as long as civility prevails. But I feel that this share may well have bottomed and that a two-year view will be very rewarding.
As for the man bit....I'll leave you to work that one out for yourself!

Hi Pandy 2

Sorry, just seen your epost.
My contacts (maybe advisors is a better term) are not in a position to say when orders will come or other news, but the view on the brokers' sp targets was that these should be considered two-three year targets, not current DCF valuations.
I wish I had been able to invest a six figure sum.....sadly I don't have that sort of money sitting around. In fact I bought a low six figure number of shares and did so using this year's ISA allocation and taking some money out of a unit trust fund and putting it in here. So think more £30k than £100+k!!

My apologies if my mention of contacts in my first post was misleading.

I am not claiming at all to have any contacts within AFC. I mentioned contacts who are in a position to know better about the details that I am. This is simply because they are professionals and can look at things like balance sheets, and pass comments on finance better than I can. I was able, whllst researching AFC, to talk to one of the analysts and their positive position is well known. I simply said I would not elaborate because people do then ask you to name names and read more into it than there is. My personal IFA by coincidence is also an AFC follower but I didn't know that until we were discussing investments recently and I mentioned that I was looking at a small fuel cell company he had probably never heard of.

So please don't get the impression that I am party to information that is no easily available as that's not the case. Apologies again if my post suggested otherwise.

And the end of ,my first post which I could not fit in below!

..........I find the broker targets unrealistic, and they should be treated with extreme caution. Personally I am setting a target of £1 within 18 months, and I think that very achievable IF the solid cell works as we have been told.

I hope to post regularly on this board, and in saying that hope very much that the unpleasantness, the incessant ramping, the vile teasing and taunting, and general poor behaviours will stop. I suspect few on the board behave like that in real life.

Good luck to all who hold AFC shares - let’s hope for a swift rebound in both the sector and this company.

My first post on this board. In fact my first post on LSE at all.

I have not posted in the past as I do not feel I should post when I am not a share holder. I have to say that I have also found this board to be at times rather unpleasant and unproductive, but I hope that things will change.
I am posting now as, after six months looking at and research AFC, I have finally taken the plunge and bought shares. Not a huge number - low six figures – but I will add over the coming weeks.
I first became aware of AFC a few years ago, but didn’t start following them until I acquired a EV and so had a vested interest. In the six months since I have done a lot of reading, and I have to say that initially I was not hugely impressed. The liquid cell was not performing commercially, communication was poor, and I am aware of the many avenues ventured into by AFC over the years that have come to nothing…..classic over promise and under deliver.

Several things have changed recently to cause me now to buy. The most important however is a combination of the Power Tower and fuel flexibility. I was interested in the tower and the release announcements spoke of a product that has genuine application across a myriad of areas. I was not able to make the AGM, and so took the opportunity to look at the Power Tower at UAP. I am going to make the presumption that the Tower works as intended, and that successful integration with ammonia and methanol will take place this year. Orders could come at any time and this is important in my decision to invest now. AFC has a considerably smaller capitalisation than notable peers eg Ceres. This is simply because others have turnover and are accepting commercial scale orders. Ceres’ turnover is modest, so it will not take a very large AFC order book to justify a re-rate towards Ceres multiples - and we are already looking at £11m next year. In addition I think AFC’s cells have a number of advantages over other types of cell and are relevant in many arenas….construction, maritime and data centres will be important markets.

The other reason as to why now is the macro economic situation. I hope to have timed my purchase well and to see the sector recover. The Ukrainian situation can not go on forever, and when it resolves Russian sanctions will remain and energy security will once more be a focus for the world at large. AFC will benefit. I may have got it wrong, but I think that the bottom is here or very close.

I have also looked in detail at the AFC reports and presentations. It is hard to fully trust these given past outcomes, but I am buoyed by contacts I have who are in a position to know much more than I am about the detail of AFC (I am not going to elaborate) and I am comfortable today in parting with a decent sum. I think I have done my due diligence.