Member Info for haggismchaggis1

The results RNS was issued at 18:03 hours.

That is not a sign of a company holding onto results to put them out after the close. When companies do that, the RNS appears just a few minutes after the close, not 1 hour and 33 minutes later.

18:03 indicates staff working overtime to get the results out today, having received the requested advice from the Auditors, and in the knowledge that the AGM is on Thursday next week, and that the NOMAD has advised them to release the results immediately they are completed.

The loss was already known and expected, so suggestions that they were trying to hide the loss are the usual fiction from the usual suspects, as AFC announced in RNS on 4 April "The Company continues to operate as expected and had cash of c.£40.2 million as at 31 October 2022." so clearly it would be totally pointless to try and hide that now, wouldn't it!!

Even better than thinking about the next 10 weeks, there's actually only 48 working days between now and the end of June!

48 working days
48 RNS days
48 trading days

Alas_Smith talking garbage, FILTERED

Bash fest has already started by the looks of it, they couldn't wait to start looking for ways to create negative spin on what is a great set of results that blows all their fiction and fake moans out of the water.

I'm sure they'll be doing their utmost to flood the board with more fiction and fake moans all weekend, in the hope that they can pull the wool over investors eyes before the market opens on Monday.

Meanwhile, I'll answer a question from earlier.

Why did they put the results out after the close?

Well there's a very simple answer to that, and it has nothing to do with the content of the RNS or the financials.

The results were late because of the need to get the advice from the auditor's on how the modified ABB deal should be presented in the accounts. Note the deferred amounts in this respect.

So if the auditor came back to AFC this afternoon with the info, and the FD and team worked on the results but did not finish until after the close, then they only had two choices, either release the results immediately, or hold them back until Monday at 7am.

Due to the results already being a month late, they made the decision to not make the market wait any longer. That to me is the right thing to do, and people throwing baseless conspiracy theories out there just don't get it.

The NOMAD will have advised AFC to release the results immediately they were finished so that's what AFC did.

I've not looked at KOD, never had them on my list. Can't pick every stock that goes up or we'd all be billionaires LOL!.

BUT, we do know pretty much what to expect by the end of June from ALL, including massively important DFS that gives the mine the go-ahead and advises the market of the increased value, production, revenue and profit. ML and MIIF investment should follow that very quickly.

There's a list of other things that should be price catalysts expected before the end of June too. The boss said at the end of March that the current quarter was "the biggest in the companies history" (in terms of expected newsflow).

So rather than hold in the hope that things go our way, we should hold (or buy) in the full expectation that things WILL go our way over the next 10 weeks.

Yes, just 10 weeks to have loads of good news crammed in. Strap in and enjoy the ride!!

My view of the results, having just read them, is that what's happened and is happening at AFC Energy is a completely different picture to that painted by the con men and con women on here.

Revenues = YES
Plenty of cash = YES
Milestones hit = YES
Milestones hit on time = YES
Products developed to commercial level = YES
Clients happy with products = YES
Pipeline of revenue generating deals = YES
Getting closer to mass sales to hire companies= YES
Staff increased significantly = YES
AB can be trusted= YES
AB is worth his salary = YES

"After two successful seasons with Extreme E, and with a growing demand in time and resources, we made the decision not to proceed with the Championship in 2023."

So it WASN'T Extreme E's decision after all.

Part of the Chief Executive Officer's Report:

This is the most rapid technological progress in the Company's history and highlights the importance of having a quality team with years of experience in disciplined product development lifecycles.

18-months ago we took six discreet "ideas" and, enabled by the proceeds of our 2020 and 2021 equity placings and contribution from ABB, accelerated a number of these programmes to deliver working systems utilising:

· S Series air cooled fuel cell stacks (2.5 kW)

· S Series modules (incorporating the above 2.5 kW stack plus balance of plant)

· S Series 10 kW H-Power Tower (incorporating four 2.5 kW modules)

· S+ Series liquid cooled fuel cell stacks (providing cumulative power of 100 kW)

· Ammonia Cracking Technology

· Methanol Fuel Tower

This is an extraordinary amount of work put in by the development and engineering teams within a single financial year and I wish to thank them all most sincerely for their efforts and focus in delivering such an ambitious target.

Outlook

· Expecting growing revenue from system rentals and hydrogen sales with an already contracted pipeline of deployments and growing pipeline of prospective H-Power Tower rentals

· Growing interest in new H-Power S Series Generator deployments from new and existing companies

o Evidence of traction from plant hire business this year following early H-Power Tower field deployments in 2022 and growth in resultant customer enquiries

o Next development cycle will incorporate feedback from field trials including increasing output to c.30kW and reducing production costs

· Near-term focus remains on construction sector, initially through system rentals before transitioning to sales to plant hire businesses

o Sales to plant hire businesses should see an acceleration of revenues versus existing H-Power generator rentals

o Expecting momentum on EV and maritime during 2023 based on the development of the S+ Series (liquid cooled) generator

Post Period Developments

· On 23 March 2023, launch of new advanced ammonia cracker technology platform with near term commercial partnerships being explored with European utilities, green and blue ammonia producers, ship owners, and heavy plant and equipment manufacturers

· On 29 March 2023, ABB made a follow on investment of £2m into AFC Energy following validation of the Company's new S+ Series fuel cell technology

· On 17 April 2023, ACCIONA signed an order for the first 50 kVA H-Power S Series Generator for delivery in the second half of 2023

o Comprised of a 30kW air cooled fuel cell and 45kWh battery storage system

o Initially rented for a six-month period with option to buy at a pre-agreed price or extend

· Revenue and deferred revenue increased by 266% to £2.2m (2021: £0.6m)

o £2.0 million non-refundable payment from ABB received.

o ABB deferred revenue of £1.4m (£2.0m less the fair value of the warrants granted), will be earned as a discount over the sale to ABB of the first 10 S+ Series units

o Net loss after tax of £16.4m (2021: £9.4m)

· Strong balance sheet with £40.2m (2021: £55.4m) of cash as at period end

· First field deployments of S Series (air cooled) H-Power Tower launched in March 2022

o Four successful field trials on construction sites in the UK and Spain

o Initial rental revenues recognised in FY 2022, with balance to fall in FY 2023

· Successful on time delivery of the first 100kW S+ Series (liquid cooled) fuel cell stacks for validation by ABB

· Flex fuel strategy vindicated by first Methanol Fuel Tower deployment

o First Methanol Fuel Tower generated hydrogen alongside H-Power Tower field deployment in Spain

· Successful completion of first Extreme E contract, to deliver off-grid power for the e-SUV race series, with successful completion of second contract post year end

o Two season collaboration provided essential operational data in wide range of extreme climates

· Significant growth in skilled work force and improved facilities with 73 new hires

· Strengthened Board with appointment of Monika Biddulph as Non-executive Director with a focus on ESG

o Further strengthened post-period end with appointment of Peter Dixon-Clarke as CFO

· Established ESG Board committee to deliver a suite of enhanced policies and procedures and produce first carbon footprint review

"The technical and commercial successes of 2022 have set the stage for a successful 2023 and, given the high level of commercial enquiries for rentals of H-Power Towers, we are excited about the year ahead."

https://www.investegate.co.uk/afc-energy-plc/rns/annual-financial-report/202304211803571252X/

Probably because everyone is chatting away merrily on a Telegram group somewhere.

3x 5,000,000 trades at 33. The 3 sells before were at 32 so the 3x 5m are most likely buys. Maybe someone thinks news on Monday??

Another stock bashing troll for the filter. Why do they all think that everyone else is too dim to see through their fiction?

Rewarding for me will be when MSC sign the supply agreement next year.

Morocco, Utah and America's could possibly all be revenue generating by then, and the share price considerably higher, but MSC is the elephant that fills the room, so I as far as share price goes, my mind is set on that.

Short term mindset doesn't get the big money. And before we see the usual comments of "we've been here years already" that is history and you can't change it, what you can do and what everyone should do, is look at this investment from today onwards. If you don't like what you see then sell out and buy shares you think will do better in your timeframe. If you see huge upside from here onwards then sticking with it could be the best decision.

Think about the 12 year LoM.

UK and many other countries are targeting 2035 for no more sales of new combustion engined cars. Many manufacturers have taken this on board and made 2035 their own date of no longer manufacturing combustion engined cars.

If the mine start operating early 2024 with modular plants, with the full mine built and ready to go in early 2025, this puts ALL's production into the biggest ramp up of new vehicle power train in history, by a massive margin.

Demand for Lithium is going to be massive, and even with more mines going into production there is still likely to be a growing gap where supply cannot fill demand.

So the chance of $1600/t any time in the next 14 years is like one in a billion, let alone the AVERAGE price ever getting that low.

Oh no it can't!

It's BEHIND you!!

:D

https://about.bnef.com/blog/japans-ammonia-coal-co-firing-strategy-a-costly-approach-to-decarbonization-renewables-present-more-economic-alternative/

Far more likely that the two trades are a bed and ISA or bed and SIPP, as the value is about the same when dealing charges are taken into account.

If someone was shorting and saw a 45,000 shares buy, they would short 45,000 shares, not 44,610.