Member Info for haggismchaggis1

"AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, confirms that Gary Bullard, non-executive chairman, purchased 90,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), 20,000 Ordinary Shares in his own name and 70,000 Ordinary Shares in his wife's name, at a price of 18.97 pence on 28 April 2023."

Sigurd Jenssen, a director at Wartsila Corporation:

"It typically takes 15-30 days to install a scrubber on a vessel although a large cruise ship could take much longer, according to Jenssen."

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/shipping/010320-scrubber-installation-waiting-list-very-long-as-imo-2020-kicks-in-wartsila

So 24 days today since going into dry dock.

This week or next week is a possibility, as the other work on the ship would have been happening in parallel.

Loads!!

TBF the factory was taken on back in Nov 2020 so I wouldn't expect many that came across AFC in the last couple of years to know much about it.

With huge contracted orders also comes the easy option of a rolling debt facility with the bank to cover build costs not covered by client deposits, so that AFC can just use it's cash for R&D and salaries.

If AFC had 200MW of orders, that is a years worth of builds. No way would you expand premises if you racked up a years worth of orders, you need to rack up multiple years of orders to warrant expansion, like 5 years worth (1GW) but more importantly where the clients want those systems all within 2 years.

MM's do keep a float of stock, they have to do that according to the rules of being an MM for the company and it is there so that the MM's can ensure an orderly market for the stock under sudden high demand.

When you buy/sell stock, whether or not it is listed on SETS, you could be buying/selling to an MM, as they use SETS too.

When stock is in high demand, if no shareholders are selling at that price via SETS, the MM's float reduces and the MM's raise their prices based on demand.

MM's no longer need to balance their books because the markets changed with the introduction of SETS. The MM's books can go up and down, so long as they still hold the minimum required percentage of the stock to ensure an orderly market then they are still operating according to the rules governing them.

See:
https://seekingalpha.com/article/4517979-what-are-market-makers

For NYSE but also applies to UK markets and elsewhere, same principles:
https://www.investopedia.com/terms/d/designated-market-maker-dmm.asp

Constructivenews,

I very much doubt AFC will be looking at any new premises for a while yet and it would have to be massive orders in the short term to require that, and if massive orders came in (it would have to be Gigawatts worth), then funding to scale up would be easy to secure.

The current factory has capacity for 200MW a.k.a 200,000 kW of S Series or S+ Series systems. That is a HUGE amount of capacity. Orders to expand capacity would need to be multiples of that for AFC to look at expanding premises.

To get that into perspective , ABB's 10 x 200kW systems is just 1% of the factory capacity. ABB would need to order 1000 S+ 200kW systems to max out the factory. And then there is always the lead time and backlog, for example, ITM Power in their last results had 77MW in progress and 755MW as a backlog. Plug Power in their last quarterly results had a backlog of 2 gigawatts, but only "deployments of over 30MW of systems planned in 2023".

Some of the money used building systems comes from client deposits, that means AFC do not use all of their cash building systems. Any deal for say 500 Power Towers would come with a big percentage of up front cash to build the systems. Anything ABB want, you can be pretty certain that they will put a lot of cash up front too. So AFC will not need to spend it's cash much quicker.

"AFC Energy secures long-term lease over "world-class assembly facility"
"The 30,000 square feet facility will serve as the hydrogen power generation technology company’s first large scale H-Power assembly and commissioning facility.
"AFC said growth potential exists for the facility to assemble up to 200 megawatts (MW) per annum of H-Power systems when the company releases its new high-density alkaline fuel cell system, which is expected towards the end of 2022 or early in 2023."
https://www.proactiveinvestors.co.uk/companies/news/934624/afc-energy-secures-long-term-lease-over--world-class-assembly-facility--934624.html

Plus £1.6m in deferred revenue to book.

To 31 October 2022 (Financial Year End).

Net decease in cash and cash equivalents
£15,155,000 (the annual cash burn rate)

Cash and cash equivalents at start of year
£55,375,000

Cash and cash equivalents at end of year
£40,220,000

At that burn rate, AFC had enough cash on that date to last around 2 years 8 months, so simple math tells you that AFC still have enough cash to last 2 years and 2 months from today.

Just report the con man, simple. Report him to FCA, then to lse.co.uk advising them of your FCA report of attempted market abuse.

https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual

https://www.lse.co.uk/contact.html

ScumSeanceTroll still talking s h I t e I guess.

Ooooopsie! LOL!

MSC Leandra.

Arrived 2023-04-03
Duration at Port 28d

In dry dock since 2023-04-08
Duration in dry dock 22 days

I recall posts on here saying the Scrubber could be fitted in 2 weeks, so I'm thinking departure soon, like in the coming week, two max.

Thoughts??

Yes, it's just the crooks that are trying to create negative spin, but it's baseless garbage.

It's a typical basher con trick to make up such fiction to try and put investors off investing in the company, but they have nothing to use other than the BoD to try to create negative spin around

It's NOT genuine concerns, they don't believe it, so why should anyone else.

DB is building a company that attracts ii's for the easy money dividends. Looks at all the bell weather low risk stocks that just do business and pay out dividends, ii's are all over them as it keeps their risk LOW. ii's know those companies are not going to blow the budget on fancy plans, they just do organic growth, pay the dividends and maybe do some share buybacks too. That is how UJO is being run. Traders and shorters should bog off to stocks they can play day in day out, high volume high volatility stocks, but the one's lingering here don't have the kahuna's to do REAL trading, they just want to try and talk this one up or down, it's pathetic to watch.

There are a few laws, some which can be applied to posts on here of abuse, harassment, defamation, etc, and some which can be applied to abusive emails or letters sent to AFC.

Protection from Harassment Act 1997
https://www.legislation.gov.uk/ukpga/1997/40/contents

Criminal Justice and Public Order Act 1994
https://www.legislation.gov.uk/ukpga/1994/33/contents
Within that:
Intentional harassment, alarm or distress.
(1)A person is guilty of an offence if, with intent to cause a person harassment, alarm or distress, he—
(a)uses threatening, abusive or insulting words or behaviour, or disorderly behaviour, or
(b)displays any writing, sign or other visible representation which is threatening, abusive or insulting,thereby causing that or another person harassment, alarm or distress.
5)A person guilty of an offence under this section is liable on summary conviction to imprisonment for a term not exceeding 6 months or a fine not exceeding level 5 on the standard scale or both.”.

Malicious Communications Act 1988
https://www.legislation.gov.uk/ukpga/1988/27/contents
Within that:
Offence of sending letters etc. with intent to cause distress or anxiety.
(1)Any person who sends to another person—
(a)a [F1 letter, electronic communication or article of any description] which conveys—
(i)a message which is indecent or grossly offensive;
(ii)a threat; or
(iii)information which is false and known or believed to be false by the sender; or
(b)any [F2article or electronic communication] which is, in whole or part, of an indecent or grossly offensive nature, is guilty of an offence if his purpose, or one of his purposes, in sending it is that it should, so far as falling within paragraph (a) or (b) above, cause distress or anxiety to the recipient or to any other person to whom he intends that it or its contents or nature should be communicated.

Communications Act 2003
https://www.legislation.gov.uk/ukpga/2003/21/contents
Within that:
127Improper use of public electronic communications network
(1)A person is guilty of an offence if he—
(a)sends by means of a public electronic communications network a message or other matter that is grossly offensive or of an indecent, obscene or menacing character; or
(b)causes any such message or matter to be so sent.
(2)A person is guilty of an offence if, for the purpose of causing annoyance, inconvenience or needless anxiety to another, he—
(a)sends by means of a public electronic communications network, a message that he knows to be false,
(b)causes such a message to be sent; or
(c)persistently makes use of a public electronic communications network.
(3)A person guilty of an offence under this section shall be liable, on summary conviction, to imprisonment for a term not exceeding six months or to a fine not exceeding level 5 on the standard scale, or to both.

Defamation Act 2013
https://www.legislation.gov.uk/ukpga/2013/26/contents/enacted

https://www.lse.co.uk/ShareChat.asp?ShareTicker=AEX&share=Aminex&thread=D4C33E8A-1652-4238-8141-8A6BCDD18281

From the ABB Q1 2023 results. All bodes well for AFC.

"Just like in the previous quarter, we did not face significant supply chain constraints, hence we converted backlog into customer deliveries."

"In February, we published our first integrated report, including our 2022 sustainability report showing solid progress toward our 2030 goals. One highlight to mention is that we reduced our own greenhouse gas emissions by 43%, a total reduction of 65% from the 2019 baseline."

"Furthermore, we defined a new emissions reduction target for our supply chain, covering suppliers that account for 70% of our procurement spend. We have continued our work to strengthen ABB’s circularity approach by defining clear key performance indicators for every stage of the product life cycle, from design to end-of-life. The largest positive environmental impact we can make is through providing our customers with resource-efficient products and the demand for clean energy and efficiency is broad and long-term."

If you have the time spare, feel free to watch the video on this page, it's 2h 21m long!!

ABB E-mobility Capital Markets Day 2022: Enabling a sustainable future
https://global.abb/group/en/investors/strategy-events/e-mobility-division-capital-markets-day

BB3,

It's so long since the Juelich agreement that it would make a lot of sense to re-tender, just due to inflation.

Also, funding plans were advised by JM on video, it's already priced in.

https://youtu.be/hB_pJ72L8aQ?t=643