Member Info for Gitfinger

IWant

So tell me how that's going to work......someone has to pay for the thing, and generate a return on capex. If the capex is roughly 6x the competitor, how is this going to be economically viable?

Constructfool....

I think Daz is more worried about you posting (again) complete misinterpretations of the situation in order to support your ramping agenda.

"Expecting to sign 5 contracts" is massively different from delivering "to site" (wherever that may be, not necessarily to any end user) when the purchase is effectively yourself.

Try sticking to the facts. The facts are....the company sold in 20 units at a con tract value of £4.0M which equates to £200,000 a unit. Even if the cost is reduced by 66%, that still gives a capital cost of £67K per unit...Errr....how much is a comparable diesel genset?

Maybe this is the reason that there's an exit stage left into the pastures green which are the cracker market (except we don't actually have a viable one of those yet, do we?

Sounds like he found a £22Bn black hole, or such like....never mind, its going to be so much better now under new leadership......All I can say is that many were really impressed with Bond at the outset, and look how that turned out......As someone said, sit back for 6 months and see how it pans out.......my guess is that this will still be a paragon of ambiguity, the doubters will be lambasted for doubting (humility anyone?) and the ubers will be saying jam tomorrow....and nothing will change....Ade made a good point "do you think Helikon knew the production cost of the units?"........ Of course they did! anyone with a calculator who wanted to see it could!

Kudos......it takes a brave person to acknowledge this.

Its not being held down by anything other than the gravitational force of the company's inability to actually produce a viable product.....its always "are launcing...sometime in the dim and distant" or "is capable of producing upto" or "cumulative output" or "400KG a day facilty" or some such ambiguous spin......so, is anyone going to ask whether / when the deferred income sill stat on the balance sheet ref the ABB fiasco is going to be released to the P&L? As I recall, it was initially going to be released as certain milestone points were reached, but this was then changed to some kind of reverse discount on an units that ABB may have seen fit or order albeit not being contractually obliged to do so.....

Basically, how can anyone take this company seriously when they are incapable of making any statement which actually has some basis in commercial reality.

The report doesn't actually fill you with confidence, does it?

Only income is from a JV.....at a ridiculous unit price which is hardly justifiable, a so called "pause" in the mass rollout of those units, the unit destined for ABB now being trialed by someone else, and the launch of a super new product which doesn't even exist yet....

Same old, same old.....at the point people start asking questions about when the company is going to actually release something commercial, they simply go off on another tangent / new product / new application and start the development phase all over again. There must be whole department within AFC purely dedicated to thinking up non problems that a mythical product that doesn't yet exist can solve......

Oh, by the way, word on the street is that JCB have already been looking at this for some time as a part of their H2 ICE project, so its hardly new news, is it?

Ade

Have a look at the information in the public domain ref JW's previous employer, and more specifically the bidco used to effect the buyout......by my reading, it hasn't gone spectacularly well (£37M negative balance sheet, purely driven by P&L deficit, anyone?)...So I'm not particularly hopeful that this is the dawn of a new era with some young thruster who can get the thing spinning like a top.......might be wrong, and I hope so, but this is a Leopard company after all......

Going private isn't going to happen....who in their right mind would buy out a company (using their own money) that has spectacularly failed to deliver any kind of viable product to the market in a commercially viable way? The only way this could possibly happen is if the thing went into an administration and someone picked up the business in a pre pack.......The way cash is dwindling, there is a clear and present danger that a cash squeeze could make tis a reality without further cashflow, either from sales (unlikely), borrowings (unlikely due to lack of security available) or a fundraise from the shareholders (more likely, as a large number of PIs will no doubt be willing to throw good money after bad, as they are in denial....whether institutional investors will be suckered in is the question)

Wonder what the sentiment is over on telegram or whatever its called?

All the analysts in the world can produce all of the targets they want, but if they are based on information which may or may not have been so ambiguous as to be potentially misleading, then what credence can anyone put on them. Bear in mind that the brokers who are putting out these targets usually have a vested interest, and its pretty clear that in reality the targets and forecasts provide nothing that could remotely be relied on as being credible.

The simple fact is that the company has spent a massive sum of investors money on supposedly developing supposedly saleable products, with a CEO telling us we're on the cusp of a hockey stick, when in reality, there would appear to be no genuinely saleable product, and the world seems to be saying that H2 from renewables via electrolysers is the way to go, meaning that the next big thing, the cracker is probably yet another blind alley.

Smeggiesdad, you persevere with this...I admire your loyalty to the company, but I fear that this loyalty is not reciprocated by the company....which is a shame..

Nice find......kind of just reinforces the point that AFC is basically the king of the Betamax hill.......Vast amount of H2 going to be generated using clean energy put through electrolysers, thereby voiding any benefit attaching to the cracker, never mind, that vast amount of H2 can be put through fuel cell generators, except we don't really have a commercially viable one yet, do we?

Ever get the feeling that one and all have been well and truly mugged off over an extended period by a litany of (to say the least) ambiguous overly confident spin?

Doesn't it really come to something when even the arch apologist has gone to ground and has kind of given up the ghost on the thing.

Oh, here we are back in the single digits again, with no real proof that we have anything remotely resembling a commercially viable product (otherwise the company would have been shouting about it from the rooftops) so I'm guessing this really is turning out to be the house of smoke and mirrors some of us suspected that it might be. I get no satisfaction from this, being a long term holder, but in hindsight maybe the right thing to have done would be to take the emotion out of the thing (wanting an investment to come good, thereby affirming out goodwill) and simply shorted the thing...

Wow! Just Wow!

Didn't know you could get that many straws into one hand!

honestly, get a grip.....

1. Market Leader in Hydrogen Fuel Cells

How can you call a company that hasn't sold anything on a commercially viable basis a "Market leader"?

2. Surging Revenue Growth

How can you legitimately say that income generated from selling stuff to a company you half own "revenue"? take that out of the frame, and the revenue stream is risible.....

3. Global Clean Energy Megatrend

This says it all. the major source of revenue from the company is R&D tax credits.....and therefore would seem reliant on the ebb and flow of political sentiment, which as we have just seen, can shift in an instant at will.....

4. Strategic Industry Partnerships

Non of whom have placed any material orders

5. Versatile and Scalable Solutions

Ah, always onward to the next big thing / application, not actually delivered a great deal on any of the peripheral applications yet though, has it?

6. Strong ESG (Environmental, Social, and Governance) Appeal

Greenwashing.....

7. Strong Long-Term Growth Potential

My pumpkins have great growth potential.....and the analyst I paid has told everyone this.....

AFC Energy is not just another stock

You can say that again!

As there has been absolutely no evidence whatsoever of any of the so called "committed orders" actually becoming contractually binding, it does make you wonder whether there are any avenues that could be pursued along the lines of whether the narrative used was sufficiently divorced form economic reality to be accurately described as fraudulent. So what exactly is a "committed order" is it like a "confirmed order" or what? .....in fact, can someone please explain what on earth a committed order actually is?

Ade

Are you being ironic there, or what? Order book, Hockey Stick, committed orders, 50 qualified leads, cumulative output....oh, and not forgetting the "400KG a day (or whatever fairytale figure it was) cracker site" gem.....there's a whole lexicon of ambiguous drivel been generated by AFC over the years, and nothing has ever manifested itself as a meaningful sale.

as of today's date, we still haven't actually had a sale to an independent third party on truly transparent commercially viable terms.

Looking at the evidence, is there not only one way that this thing can go?

Well, they’re gonna get the little fella bang to rights…..

Not looking good, is it?

Ever feel had, anyone?

Ahhhh.....Air Products.....

Weren't they the next big thing a few years ago when the BS merchant in chief before the last BS merchant in chief was in harness, because he was ex Air Products?

You could thatch a roof with the amount of straws some people are clutching at!