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Look familiar, especially at salary review time?
https://youtu.be/Omgf9WuGwq8
McStock
Do you not understand how absolutely desperate you are looking, continuing to spout this overly optimistic drivel in the face of a falling share price. You may believe all of the rhetoric and smoke an mirrors ambiguities that the company comes out with, but the simple fact is that the market doesn't......
But maybe the market just twigged why the £27M so called order book wasn't RNS worthy price sensitive information, and are also wondering why noting was factored in ref the ABB product, especially as they stated that the deferred income of £1.4 relates to the discount that ABB were given SHOULD they decide to actually buy something. This particular point simply doesn't add up in any case, so perhaps someone could explain for the hard of thinking.
I would just LOVE it if AB had been wired up to a polygraph.....the thig would have been jumping all over the place.
A significant number of half truths and ambiguities in the presentation; case in point, the comment that the amazing towers of power were leased on commercial terms, but no mention of the fact that a large part of the so called lease payment was made "in kind" as consideration for "marketing" as stated in the accounts. The second point is in respect of the so called contracts making up the so called £27M "order book".......as is the norm in situations like this, there is usually a contract to supply a certain number of units, but there isn't necessarily a corresponding contractual obligation to buy these units; the phrase "committed" in this respect generally relates to the amount of resource that the company need to commit in order to meet it's contractual obligations,
It's not an order book, it's a pipeline of potential orders, all non contractual so absolutely worthless.
OK, Ubers, let's say that the so called "order book" includes the ABB units that the company has offered a discount on. That particular product is still in development, and as at the balance sheet date, the company had only recognised a little over 25 percent of the (reduced) contract sum of £2.0M. So if (and I say IF) the company had included this in the so called "order book" do you Ubers actually think it's remotely sensible to do this, given that the company would be including a product on which they appear to be only 25% though the development process thereof?
If the "50 qualified enquiries" statement was a dog, then the "£27M order book" is surely barking and wagging its tail......
I wonder when ABB is going to make their next "investment", you know, the one where they get a reduction in the contract price, but recycle what they should have paid into shares in the company....Oh, of course, the last one of those went well for them....they're only £80K down at the moment.....still, better to only pay £2,080,000 for a white elephant rather than £4.0M......
Melvin
Perhaps they would also like to explain why only being able to deliver £177K's worth of value on the ABB project IN A WHOLE YEAR is such good news. While they're at it, perhaps they could explain why the £488K write off of inventory in respect of duff stuff that didn't perform as contractually required (OK, pedants, something like this, but you get the gist) is good news.....
Hey folks, another transformative year!
Just looking at the accounts for a moment, a couple of things stand out..
1. Deferred income has reduced by £177K in the year. So does this not mean that the amount of actually recognisable value added to the project in the year under review is £177K? More importantly, out of a total contract value of £2.0M, only £577K in total has been recognised. Is this not a worrying state of affairs?
Total turnover for the year amounts to £277K, of which £177K is attributable to the above, leaving a balance of £100K attributable to non ABB activity. Of this £100K, consideration receivable, the company actually received £34K, as £66K has been received as "payment in kind" relating to so called "marketing services" provided by the customer. So in effect, the total cash receipt due to the company for the year, is in effect £34K, rather than the already disappointing £277K.
Never mind, we have a pipeline and all that.....I just wonder how much the company will be paying Speedy for "marketing services" in respect of the JV.........It's already stated that they will be providing admin support and such.....
B3
What are you on about chum?
"instead of being pathetic spineless posters hiding behind a code names, why don't you all meet up face to face and see who is brave enough to say these things to each other ??? i am game".
shortly followed by the arch keyboard warrior Ginger T, whos got plenty of previous on intimidatory aggressive postings....
Only thing wrong with kath's post was that she probably missed the words "on the" from the final sentence...
I don't need to go to the AGM, because I can simply imagine it.....
https://youtu.be/avXLKVYLlcs
McStock….
You are truly the most dangerous poster on this board by a long way. You do not “Ramp” in the traditional sense, but you continual barrage of overly positive spun up drivel ultimately has the same effect. Case in point your recent post stating that AFC have indeed made sales of £2 M….yes, this is true, but no one knows the terms of the sale agreement. We don’t know unit price or margin achievable per unit, whether the £2 M is going to be paid in cash, or “in kind” (AFC’S favoured method of disguising a giveaway, as with the amazing tower of power tests) or whether there may be a share subscription sweetener as per ABB….surely given the lack of detail surrounding the deal, an element of circumspection would be appropriate, but no, not in your world, it’s straight in with the Uber positive spin as per usual…..my belief is that you are not a genuine shareholder, but simply a mouthpiece for someone looking to make margin out of artificially induced volatility….
Johnboy
Love you too.......you little old long term holding scamp!
Sorry to burst your bubble, but I think holding for over 10 years classifies me as a long term holder. and yes, I have been holding a residual amount, having sold into various rises ahead of the inevitable retrace. I just pity the fools who are taken in by the ramping drivel of McStock and all of the other company acolytes.....
As for pseudonym, never used one, happy to stand toe to toe with anyone ad infinitum, simply because no one has ever come up with a valid counter argument to anything I post, they simply go quiet, or resort to insults.....
as for the "news from HQ" comment, that's completely risible and shows you to be the joke that you are.....A joke who is probably so underwater that they simply cannot accept that they've been sold a pup.....
If we are assuming that the Pramac P11000 is going to be the natural hunting ground of the speedy tower of power, then I presume that the capex is going to have to be somewhere similar.....do we have any idea what the unit cost to the JV is likely to be, because this is going to be a key indicator of the commercial viability of using fuel cells as a replacement to Diesel, even before you start looking at comparisons between white diesel and H2....