Member Info for haggismchaggis1

This all depends on the cost of the grid power.

You wouldn't reduce the number of failover tests, as it is not so much the power source you are testing, it's the failover process itself.

Not necessarily. ITM, WCR, BLDP, FCEL, BE, PLUG, NEL all valued over £1Bn, all losing upwards of £30m a year, some over £100m per year. AFC has only been losing less than £4m and has £30m in the bank.

Wake up, he's not 15!!!!!!

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chippyjo, quite possible that AFC would sell Alkamem for all uses outside of AFC Fuel Cells, so we get to use it for our Fuel Cell and we get a huge chunk of cash with zero dilution, possibly ongoing royalties too. If I was head of AFC I would do this, as the huge chunk of cash would be extremely useful to expand the business.

I had suggested £300m for such a sale, but after discovering it has the best results ever and also beats PEM results, who knows how much we could get, based on sales of the NAFION it replaces of $1Bn a year!

£300m is 44.37p per share. A special dividend of 11p (25% of the revenue) would leave AFC with £225m in cash to put GW's of regional manufacturing in place.

-----------------------------
My previous post on this:

"A radiation-grafted anion-exchange membrane (AEM) containing covalently-bonded benzyltrimethylammonium (BTMA) head-groups (ion-exchange capacity of 2.49?±?0.12?mmol?g-1 and 55?µm hydrated thickness), fabricated from 25?µm thick low-density polyethylene (LDPE) [34], was obtained from Professor John Varcoe's group at the University of Surrey (UK)."
https://www.sciencedirect.com/science/article/pii/S2666248520300238

This is the group that AFC are in!!
See the Organisations tab.
https://gtr.ukri.org/projects?ref=EP%2FT009233%2F1

A World Record performance!!
"At 110?°C the AEM showed a record high hydroxide conductivity of ca. 300?mS?cm-1.!

"To the best of our knowledge, this is the highest hydroxide conductivity ever reported for an AEM."

And it's better than PEM!!
"This is significantly higher than the values reported in the literature for the well-studied acidic HT-PEMFCs."

All AFC Energy University/College Research can be found here, and there is a lot of it.

https://gtr.ukri.org/organisation/F482EF98-4219-4D9F-BD37-5643776F5429

My previous post added to this thread ……

Dream on about a takeover in 2021, it's never going to happen.

Any company looking to acquire AFC Energy would want to first see proof that:
1) The products sell
2) The products sell fast enough and in enough volume to make AFC Energy profitable
3) That AFC can build systems near or at the factory nameplate capacity
4) That no issues arise with any of the deployed systems, the manufacturing, or the supply lines in at least the first 12 months
5) That Alkamem goes commercial and some orders or licensing agreements come in

Thus I do not see any bids coming in for AFC Energy until at least H2 2022, after the 2021 Final Results RNS has been published in February 2022.

Ask yourself why ITM, CWR and PPS have not been acquired (let alone the USA etc companies), considering they have been way ahead of AFC in commercialising their products, and have big order backlogs in the 10's of millions. The reasons are the same as I have just provided for AFC, the main one for all of them is No.2, that none of them have managed to make their operations profitable, but there are varying degrees of the other points depending on which company you look at.

We went above £1 on German Stock Exchanges last week.

This video appeared on 28 Dec 2020 (thanks go to tonsil on adv!).

This video may propel AFC back over £1 next week in Germany!

Perhaps one of our German (or German speaking friends can post the gist of it in English for us?)

Google Translate:
"Today I am going to introduce you to the British company AFC Energy PLC which builds power generation plants using hydrogen technology. E.g. these AFC systems can be seen as an alternative to the mobile diesel generator for all kinds of industrial applications, at sports or other events and of course for charging e-cars or e-buses. Have fun!"
https://youtu.be/wJ-0y3A6czE

Ok, back to the point of this thread!

Guitarman18, thanks for joining me at the £10 party!!

For next year I'll go with £2.5Bn MCap (£3.70 per share) for the simple reason that ITM, CWR, and the USA etc Fuel Cell companies reached that without making a profit, due mainly to their pipelines of orders, and now we have the means to reach that too with our own sales, via ABB, to and because of Acciona, because of Extreme E, plus the near term OEM etc deals mooted by AB in his recent video,

If you look at the 2020 chart you'll see AFC hit a low of 11.7p and even at 79.4p today has risen 578% in a year. To get to £2.5Bn is only a rise from here of 365%, so I don't see it as impossible following this years performance not just for AFC, but across the Hydrogen sector, Renewables sector, Clean Energy sector, etc.

The further ahead we go into 2021, the more demand there will be for rapid EV Charging everywhere, and clean air power generation on construction and other sites.

Julich could actually lead to a lot of Fuel Cell sales in Germany. This is because of the electric price in Germany, it makes AFC Fuel Cells an even more compelling choice. Any country with high price electricity is a good place to target sales. https://www.statista.com/statistics/263492/electricity-prices-in-selected-countries/

Dream on about a takeover in 2021, it's never going to happen.

Any company looking to acquire AFC Energy would want to first see proof that:
1) The products sell
2) The products sell fast enough and in enough volume to make AFC Energy profitable
3) That AFC can build systems near or at the factory nameplate capacity
4) That no issues arise with any of the deployed systems, the manufacturing, or the supply lines in at least the first 12 months
5) That Alkamem goes commercial and some orders or licensing agreements come in

Thus I do not see any bids coming in for AFC Energy until at least H2 2022, after the 2021 Final Results RNS has been published in February 2022.

Ask yourself why ITM, CWR and PPS have not been acquired (let alone the USA etc companies), considering they have been way ahead of AFC in commercialising their products, and have big order backlogs in the 10's of millions. The reasons are the same as I have just provided for AFC, the main one for all of them is No.2, that none of them have managed to make their operations profitable, but there are varying degrees of the other points depending on which company you look at.

£30m raise RNS said:

Use of proceeds

The proceeds of the Fundraising will be used to support the continued development of the Company as it moves from the development phase of its products and technology into the manufacture and commercialisation of them.

In particular, the proceeds of the Fundraising will facilitate:

· the multiple manufacture of new H-PowerTM fuel cell systems capable of deployment in the next 12-24 months to meet projected customer demand - combined 20kW and 160kW units are expected to be built, including the 160kW H-PowerTM system for trialling by ACCIONA in 2021;

· the employment of new manufacturing, product engineers and commercial staff in support of the deployment of H-PowerTM systems into the Company's key target markets (electric vehicles and construction);

· the development and implementation of its strategy for scale up of manufacturing and system assembly;

· an acceleration in the development of the Company's AlkaMemTM anion exchange membrane with scale up of manufacture and validation testing pre commercial deployment; and

· the delivery of solid-state membrane fuel cell system (HydroX-Cell(S)TM) for published target release date in 2022 which the Directors expect will open new markets.

In addition, the Fundraising will also support and finance the warranties required in connection with systems deployed into commercial applications.

£500m is also a psychological barrier. Some won't buy unless the stock maintains it's MCap above £500m for a few weeks, to be certain it has rerated and has good support at that level before they buy it.

Even where ii / HNW / Fund Mangers don't have a written limit, £100m / £250m / £500m / £1Bn may also be a choice by the Fund Manager, as they may decide that companies valued below that figure are not suitable for a specific Trust or Fund. These people will have many Trusts and Funds, some will have one's suitable for small caps with low values, often something like UK Emerging Technology for example. Bigger companies less likely to, and will therefore be more likely to have the higher MCap limits.

I have spent several decades in the finance industry, I do know this to be the case.

Who's index, where??

I don't think it is.

All Trusts and Funds have policies in place to ensure the risk is low, that they only invest in a specific type of stock, etc. One policy is that they can't invest in companies worth less than X. Where it depends on the total value of the Trust or Fund. Small would maybe put a limit of £250m, big £500m, massive £1Bn. The policy has other restrictions on the minimum holding value and the maximum number of stocks held in it.

These policies are to prevent ii's / Fund Managers from causing a stock to have huge rises or drops, it's based around the 'orderly market' that the MM's have to keep. It's also to prevent Trust or Fund holding huge percentage of any company.

This is also why ii / Fund Manager big orders are filled by accumulating small trades over weeks or months, and putting big chunks through after the close.

I find it interesting that the MCap has been held just above £500m.

£500m is the point where a lot of BIG ii and Fund Managers can buy in, so keeping it just above that allows them to buy in, without having to pay the premium of a higher MCap.

AFC's system was designed as low cost. ABB say it is 'cost efficient". A lot of work has gone into designing out costly components, from the stack to the BoP to the housing, etc. They won't give out prices, we will have to wait for orders to come in to extrapolate cost and profit margin, and then confirm that when AFC publish interim or annual results that include sales.

It could happen today, as AFC has been talking to potential buyers since the EV Roadshow over a year ago. It doesn't have to be ABB based for AFC to sell it, it can be ROLEC based as per the demo system.

08:06 Mon 20 Jan 2020
Following last month’s charger system launch, AFC has kicked off conversations with several prospective customers, including fleet operators, councils and retailers.
https://www.proactiveinvestors.co.uk/companies/news/910994/afc-energy-receives-1mln-backing-from-a-single-shareholder-910994.html

Fuelcellinvestor, yes, good timing by the MM's, and they now have 3 trading days to report the big buy orders they filled today, with a long weekend in between they will hope nobody notices, or they'll hike the price up to make the big trades look like sells!!

Bladey, you made money, well done. I have AFC share certificates in my safe, have had them there for 10 years, so no tree shake or lending of shares for shorting will ever affect me.

In fact, the number of trades at 1, 2, 3, 4, 5, 6, 11, etc shares makes a mockery of your 'average price' per trade.