George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I note that, after a short lunch break, the aggressive AT seller is back with as much vigour as before. Nothing to do with genuine market forces and in start contrast to the US sector's recovery, once again.
What I am saying is that some people will be deliberately talking this down whilst others will be drawn into negativity as a result. Ultimately, the only person who knows a person's motives is that person themselves. I have to admit that I am very surprised by the brazen nature of this latest barrage of fearmongering at this particular time but I suppose it just confirms that fear is a very powerful emotion.
I note that the SP is hitting new lows as I type and I am in no doubt that the negativity on here is at least a contributing factor to this drop, regardless of the flippant comments from certain posters. I wonder when the wind will change direction this time.
I can understand why people fell for the fearmongering when there were long periods of silence. However, falling for it when there has been the first proper contract signed, buys from the chairman 2 days in a row and a very positive interview from AB is very difficult to understand. It is amazing how many "shareholders" now seem to have developed concerns at this key moment in the company's development.
No doubt everyone will suddenly become super positive again when their entry points are reached but, in the meantime, I will certainly not be falling for the fearmongering.
DW, even by your standards, you seem to be reaching for negatives. Why? As AB says, there are actual systems now being deployed, with ABB likely to be up to £12 million committed and a lot happening behind the scenes. This strikes me as a very different narrative to the previous ones that you refer to.
Fantastic interview. It is clear that the commercialisation process is progressing faster than previously expected. Busier than they have ever been and starting to see the light at the end of the tunnel for being profitable. Not many similar companies with much larger valuations can say this...wakey, wakey market.
It seems pretty obvious that GB is trying to signal to the market that he believes that the significance of the ABB news has not been understood by the market and that he believes that there is a lot more to come from AFC.
Clearly, we would all like AFC to pump out news daily but sometimes we have to read between the lines. AFC have stated that they expect multiple orders, new products, new partnerships etc and nothing has been said to change this. It seems pretty unlikely that GB would keep throwing money away, or that ABB would continue to strengthen the links, if there was even a hint of a problem. Time will tell but the signals keep on getting clearer as far as I am concerned, regardless of what the day traders and others who want to influence the SP in the short term want us to think.
Whilst the SP is getting walked down again without any real justification, I wonder if we will hear more about the Abu Dhabi partnership soon. I am still struggling to understand why AFC have said nothing about this. Meanwhile, the Middle East office of the Department have mentioned it today.
"The MOU was one of five sustainability partnership agreements signed by Her Highness @Shamma_AlNahyan at @COP26 which also included: @AFCEnergy , New Agrarian and First Abu Dhabi Bank (FAB)"
https://twitter.com/tradegovukMEAP/status/1461277425858404353?t=zbpAb6wB_qf-9nLZz2nWaQ&s=19
This followed up from their earlier tweet, as a result of one of the other companies , Solar Water PLC, writing a Linked In article a couple of days ago so it shows that they are not under a media blackout over it, unlike AFC.
I agree with BB2 and DW on that one. By the way, it looks like the brakes have been released...
Ironically, my post was immediately followed by a bit of buying and a slight rise. Who knows, with ITM and CWR showing some strength, the brakes might finally be released, allowing AFC to act like a normal company that goes up on good news .
Haggis, all I see is continued relentless selling. AIM is the wild west at the best of times but something really stinks about the trading the last couple of days and IMHO it has nothing to do with AFC's progress or potential,with the "market" having supposedly given no value whatsoever to the game changing announcement yesterday.
...“Therefore, in challenging locations, or to supplement grid shortages, hydrogen-powered EV charging can provide a zero emission and effective alternative to diesel generators; the use of which would defeat the purpose of moving EVs in the first place.”
Frank Muehlon, President of ABB’s E-Mobility Division, added, “With the accelerating transition to electric vehicles, there is an increasingly urgent need for additional fast charging capability and particularly in cost effective areas that are not connected to the grid or where the grid is constrained.”
An excellent article from an interview with AB. This should help tomorrow.
https://www.h2-view.com/story/afc-energy-discusses-hydrogen-fuelled-e-mobility-charging-and-its-newly-secured-4m-fuel-cell-system-order-with-h2-view/
ABB is set to use hydrogen fuel cell technology to power its high-power e-mobility charging stations, having today (Nov 16) placed a £4m ($5.3m) order with UK-based AFC Energy for its “S” Series system.
Scheduled for delivery in early 2023, the first 200kW “S” Series system, which can be fuelled with either hydrogen or ammonia, will be housed in a container to provide ABB customers with zero-emissions charging infrastructure.
To deliver the green charging option, AFC Energy’s alkaline fuel cell technology works by the electrochemical combination of hydrogen and oxygen in a non-combustion process, essentially converting chemical energy into electrical energy.
“The HydroX-Cell(S)™ offers a currently density repeatedly demonstrated to achieve levels equal to or greater than alternative high-power density cells in the market today,” Adam Bond, CEO of AFC Energy told H2 View.
The order is the latest in a series of AFC Energy, ABB announcements and follows the successful delivery of a fully integrated charging system at ABB’s facility in Estonia back in the summer.
Speaking to H2 View about the long-standing relationship, Bond continued, “In December 2020, AFC Energy began a strategic partnership with ABB to develop and launch a bespoke high power electric vehicle (EV) charging product for distribution through ABB’s market channels from the second half of 2021.
“ABB’s commitment of working with the company was further strengthened in April 2021 via a strategic investment into AFC Energy and via the signing of a new development agreement specifically relating to the burgeoning global data centre market.
“The strategic partnership aims, therefore, to leverage respective company technologies with regards to AFC Energy’s zero emissions, high efficiency fuel cell technology, alongside ABB’s energy storage and market leading DC high power EV charge points.”
ABB entered the EV-charging market in 2021, and to date has sold more than 17,000 ABB DC fast charging stations across 80 countries; but what are the benefits or hydrogen-powered electric vehicle charging?
“We are already seeing numerous cases where the local grid operator is unable to meet local EV charging point demand and so those operators of the charging states are approaching AFC Energy to support their EV charge point aspirations,” Bond told H2 View.
“For example, charging the 23.3 million EVs we are expected to have in 2032 would eb the equivalent of powering every UK household for two months. This aggressive predicted ramp-up is echoed by the IEA, who have precited as part of its Sustainable Development scenario that 230 million EVs will be on the road globally by 2030...TBC
Seemingly, the sellers are not done yet. The number of shares available is quite mind-boggling, especially given all the shares traded in recent weeks at this level or higher. Why AFC has to always be hounded by these aggressive sellers is beyond me but it can't continue forever at these volumes and the US sector seems to be stabilising again which might help (with Plug even up a little).
Whilst it is a bit surprising that the sellers continued to sell aggressively into the rise after the key announcement this morning, the volume today of over 9.4 million shares already is the largest in 6 months (since over 14 million on 21st May) and it looks like this might just have been enough to finally clear the sellers out. If this is the case, and if AFC is able to deliver some of the other news that it alluded to in the last update, then we could be in for a very interesting end to the year.
No, a rubbish post. ABB are paying £4 million as a contract and have an additional option to exercise £4 million in warrants at 58.8p. Trying to hold back the SP for some reason?
For me, it is still all about derisking at the moment. If the company performs as hoped then the SP will be at multiples of the current level, as suggested by the broker note, but in the meantime the company needs to deliver on its commercialisation plans i.e. test units, new products, partnerships etc. It has been a long period of silence but today's news was much bigger and better than I was expecting after the extended silence and it looks like AB had a plan afterall despite what many people suggested.
As a reminder, after the recent Research tree deal, everyone can read the notes:
https://www.afcenergy.com/investors/research-feed/
Great to see Zeus straight on the case and amazing that nothing leaked beforehand by the look of it:
ABB order and warrant subscription
AFC Energy has announced a £4m order for a fuel cell system from ABB. It has also granted warrants to ABB to subscribe for 6.8 million new shares at 58.8p (Friday’s closing level). If exercised, these would give AFC Energy another £4m in fresh equity. The announcement is very positive news, representing a significant endorsement of AFC Energy’s technology. We anticipate the shares will react well to this as it not only significantly de-risks our 2022e forecast but also endorses our investment thesis, which was refreshed in September and 188p valuation per share...
...Investment thesis coming through: Our last lengthy note on 13 September (A Solid future) highlighted the enormous potential for the group’s products in Data Centres and Maritime markets but our 188p per share valuation is currently based on projected sales for high power EV charging in a handful of major markets and Distributed Power for customers such as the construction industry. Adjusting solely for the dilution of the warrants would imply a valuation of 186p per share. The potential could be greatly enhanced by the improved economics of the S-series product.
I wonder how all those former/current/disillusioned/frustrated etc "shareholders" will cope with this morning's RNS. It has been a very long wait but it looks like it has finally started. Remember, AFC are expecting multiple orders, new products etc in this calendar year...
It is a bit surreal to watch the US sector companies go up about 5% whilst the UK ones drop about 5%, even without factoring in the tantalising tweet today. As ever, this opens up the possibility of a bounce back once the unexplained downwards pressure is released and/or if good news is officially released.