Member Info for haggismchaggis1

ABB have had the news translated into Russian, and it was out in Russia yesterday.
https://hightech.plus/2020/12/27/afc-energy-i-abb-razrabotayut-zaryadnuyu-stanciyu-dlya-elektromobilei-na-vodorode

Currently 93p on Tradegate and staying there, with now at a recent daily record of over 6m traded, after just 5 hours, and that market is open until 10pm so a long way to go.

aimmillionaire ckept claimed several times that BREXIT would have no effect on the UK Market, I said prices would jump due to removal of the uncertainty, and a deal when ratified would give the whole market a rerating. Now I have proof that it is already happening, before the UK market has even opened!!

U.K. Stocks Jump on German Exchange Amid Relief Over Brexit Deal

U.K. stocks rose on Germany’s Tradegate exchange after Britain agreed on the terms of a Brexit trade deal with the European Union before Christmas.

https://www.bloomberg.com/news/articles/2020-12-28/u-k-stocks-jump-on-german-exchange-on-relief-over-brexit-deal

There are a few things in play here that can affect the opening price tomorrow:

1) The UK MM's looking at Tradegate and believing they need to rack the UK price up, if that is what is being paid elsewhere, a form of unregulated arbitrage if you like
2) Investors that can't buy from Tradegate, looking at the SP there and putting in orders for the UK open, hoping they can get cheaper buys than the Tradegate price
3) Tradegate supply of stock running low, so they need to suck a load of stock from LSE. This may be cause by forward selling the stock (selling stock they don't have) and having to recoup it from LSE later because LSE is closed.
4) ii's and Fund Managers now seeing the AFC MCap is above £500m, allowing them to pile into another green energy stock, so they put in their big orders

Yeah, hydroxyl ion will go straight over most people's heads! :-D

Just move to Monaco and pay zero :-)

A new article published 7 hours ago, it looks like AFC have been talking to the reporter as this is much more detailed than the press releases.
https://cleantechnica.com/2020/12/27/new-hydrogen-fuel-cell-powered-fast-chargers-announced/

Over 5m traded on Tradegate so far in the first 3.5 hours. The highest I've seen before was 4.5m for a whole day! Could be very interesting later today if this continues!

Yes. AFC is traded OTC, ticker AFGYF.

I've said several times that I think a £500m MCap will be a springboard to a £750m to £1Bn MCap, and right now on Tradegate mid price of 90p, the AFC MCap is £608.4m.

My reasoning for the 'springboard effect' is that a >£500m MCap opens AFC share up to the biggest ii's, fund managers etc. They don't invest in anything smaller. So big money could really flow into the stock now. This is how ITM and CWR ended up with >£2Bn MCap's.

AFC is on the top 5 highest risers board of Tradegate today!
https://www.tradegate.de/index2.php?lang=en

AFC Energy
£446,000,000 MCap
£2,850,840 Loss

Ballard Power
$6,594,000,000 MCap
2020 -$48,615,000 Loss

FuelCell Energy
$3.966,000,000 MCap
$105,430,000 Loss

Plug Power
$14,787,000,000 MCap
$103,789,000 Loss

Bloom Energy
$5.072,000,000 MCap
$198,702,000 Loss

Powercell Sweden AB (Fuel Cells)
$2,053,000,000 MCap
2020 $76.1m Loss

Nel ASA (Electrolysis, H2 Fuelling, very similar to ITM)
$4,304,000,000 MCap
2020 $255.6m Loss

Ceres Power
£2,177,000,000 MCap
£10,080,000 Loss

ITM Power
£2,629,000,000 MCap
£29,560,000 Loss

Proton Power Systems
£505,000,000 MCap
£6,400,000 Loss

Ah crapola, copied the wrong number :-D

AFC MCap £446,000,000

AFC clearly the one losing the least amount of money, but others have way higher valuations. Not for much longer methinks!! AFC could be into a profit very quickly with this low level of cash burn, 2021 possibly.

AFC Energy
£676,000,000 MCap
£2,850,840 Loss

Ballard Power
$6,594,000,000 MCap
2020 -$48,615,000 Loss

FuelCell Energy
$3.966,000,000 MCap
$105,430,000 Loss

Plug Power
$14,787,000,000 MCap
$103,789,000 Loss

Bloom Energy
$5.072,000,000 MCap
$198,702,000 Loss

Powercell Sweden AB (Fuel Cells)
$2,053,000,000 MCap
2020 $76.1m Loss

Nel ASA (Electrolysis, H2 Fuelling, very similar to ITM)
$4,304,000,000 MCap
2020 $255.6m Loss

Ceres Power
£2,177,000,000 MCap
£10,080,000 Loss

ITM Power
£2,629,000,000 MCap
£29,560,000 Loss

Proton Power Systems
£505,000,000 MCap
£6,400,000 Loss

You need to read the 'Net Income from Continuing Operations' for Ballard, which was a loss of $48,615,000
https://finance.yahoo.com/quote/BLDP/financials?p=BLDP

Another 2 companies to compare MCap with. There is definitely a theme here, with £1Bn+ companies losing tens or hundreds of millions a year, AFC in comparison only lost about £4m yet has a much lower valuation. Not for long methinks!!

Powercell Sweden AB (Fuel Cells)
MCAP $2,053,000,000
Loss 2020 $76.1m

Nel ASA (Electrolysis, H2 Fuelling, very similar to ITM)
MCap $4,304,000,000
Loss 2020 $255.6m

Absolutely! AB has mentioned events a few times from early on, so I think a few possible clients lined up for that. The Acciona trial would be very significant for them.

Nice! Our next market after building sites!

Re post 674, that is why Hydrogen vehicles are not mass produced, that and the fact they are way more expensive even than an EV, and it's also why the Hydrogen economy will be Solar / Wind plus Electrolysis, to ensure no contamination in the Hydrogen.