Member Info for haggismchaggis1

BuenaVista,

Good point!

AFC have been building up big pipelines of clients for the Power Towers and S+ Series for a while now, including ABB who for a long time have been building up their own pipeline of clients in multiple gigantic markets.

We'll get lift off this year on big sales I think. And those sales will inspire others to seek out our products, giving us the short term hockey stick curve that over a longer period becomes the S curve.

Thanks Nico!

Still a lot of Bed and ISA or Bed and SIPP going on. Not difficult to match trades up on value + trading costs or on volume, all depends if people can be bothered to take the time to look, instead of just looking at the total volume and the stock price and thinking that's the whole story.

tvrandyshep,

And the article doesn't even allow for the deferred revenue that will appear in the next results, or that ABB have pre-ordered up to 10 x 200kW systems.

I notice the con men/women try to change the subject from one where AFC likely get a decent re-rating this year, to more drivel about Alkamem, something which does not affect our companies ability to produce S Series and S+ Series systems.

The Power Tower S Series systems are doing great.

The S+Series 100kW was produced and delivered on time to ABB last October. It was validated by IAV in Germany on their Fuel Cell Test Bench and was PROVEN. ABB then invested MORE money into AFC and pre-ordered up to 10 x 200kW systems. So there cannot be anything wrong with the S+ Series as a commercial product.

So let's end this intentional but pointless distraction right now.

Sounds good to me!

OCP must be very interested in bioMSAR.

"As the world faces the joint demands of a growing population and an environmental crisis, Morocco’s OCP Group, the world leader in phosphate mining and fertiliser production, has redoubled its efforts to increase fertiliser production while reducing its carbon footprint."

"As custodian of the world’s largest reserves of phosphate, OCP plays a key role in feeding future populations and takes the risks of climate change very seriously."

“OCP is working to meet demand for phosphate, while at the same time rebalancing our environmental impact and converting it into positive opportunities for the wider community,” says Hanane Mourchid, OCP’s chief sustainability officer. “In order to achieve this target, we have implemented several roadmaps to meet our environmental, social and governance commitments, with the aim of achieving carbon neutrality by 2040, while meeting 100 per cent of our electricity needs through clean sources in 2026.”

"The company is increasingly able to source its energy from wind and solar, and is working on clean alternatives to its fossil fuel consumption (heavy fuel oil and natural gas)."

https://www.euronews.com/green/2022/11/28/ocp-group-adapts-its-activities-and-accelerates-its-actions-to-combat-climate-change

Signal Update

Our system’s recommendation today is to BUY.

The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 1.41, and our valid average buying price stands now at 1.42.

The previous SELL signal was issued on 17/04/2023, 4 days ago, when the stock price was 1.38. Since then QED.L has risen by +3.45%.

Market Outlook

Let’s jump on our white horses and go for a bullish ride.

The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated.

The market is telling you about a new profit. Do not miss this bullish opportunity.

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=QED.L

I can see very good potential for hire companies buying loads of Power Towers this year.

From the results RNS:
"Evidence of traction from plant hire business this year following early H-Power Tower field deployments in 2022 and growth in resultant customer enquiries"

Plus the 10 known trials that will be in place 'soon', plus the 50kVA that is in the 'sweet spot' for construction hire.

It all adds up to greatly increasing traction to hire companies this year.

Seg,

The ABB change of agreement impacts a lot of the document, not only all of the financials but also the references to the numbers by the Chairman and Directors.

How would it look if a Director gave a different view of the deferred revenue to what is in the figures.

Also, you don't know when the auditor's gave AFC the info they were waiting on. It could have been hours before or advised that it would be that day so AFC staff waited for it and it turned up 20 minutes before the RNS. The same scenario applies either way that the NOMAD said get the results out ASAP and immediately RNS them as soon as they are completed.

We all know the two broker DCF targets of 180p and 195p, but how does AFC now compare to its peers?

These figures are all GBP (I converted the USA one's at the current exchange spot rate).

AFC 152m (no shorts above the threshold to announce of 0.5% of its stock)
CWR 654m (shorted 0.94% of its stock)
ITM 462m (5th most shorted UK stock at 5.05% of its stock)
PLUG 4,320m (shorted 17.41% of its stock)
FCEL 665m (shorted 16.95% of its stock)
BE 2,971m (shorted 11.84% of its stock)
BLDP 1,104m (shorted by 12.54% of its stock)

With the DCF targets and Peer Comparison, my view is that AFC should be at least double the Market Cap right now. I'm confident that this year I will see the stock get a significant re-rating as:

1) Power Towers go out to more clients, with 10 deployments on the cards and loads of demand for more as advised in the results RNS
2) Completion and deployment of the 50kVA Power Tower to Acciona
3) Completion and deployment of the 200kW S+ Series to ABB
4) The completed 100kW S+ Series being given a home
5) Scale up and demonstration of the Ammonia Cracker
6) Left field announcements

"HS2 introduced our hydrogen fuel cell for zero emissions operations on site. Mace Dragados Joint Venture, the construction team building HS2’s new Euston station, trialled our H-Power Tower hydrogen fuel cell, to generate clean power to charge a fully electric JCB telehandler."

https://www.afcenergy.com/case-studies/macedragados-for-hs2/

The results should be read in conjunction with this RNS:
https://www.investegate.co.uk/afc-energy-plc/rns/h-power-tower-deployment-update/202303090700043564S/

Also from the results RNS:
" high level of commercial enquiries for rentals of H-Power Towers"
"an already contracted pipeline of deployments and growing pipeline of prospective H-Power Tower rentals"
"Evidence of traction from plant hire business this year following early H-Power Tower field deployments in 2022 and growth in resultant customer enquiries"
"We are continuing to receive interest for further deployments, from both existing and new customers and finishing the current production run of H-Power Towers during the spring of 2023 will see up to 10 of our fleet of H-Power Towers deployed in the field simultaneously this year. As this run is expected to complete soon, we've already started the next development cycle, which will benefit from the customer feedback we are receiving." (That refers to the 50kVA system being built for Acciona)

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 that day, 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, 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 with a late RNS, as it's already in the market and thus priced in.

Nothing else in the results indicate any reason to hold the RNS back until after the close, in fact it's all very bullish, so definitely looks like a case of working late to get the results out ASAP.

What the market does on Monday doesn't determine whether the results are good or bad, as there's loads of scum out there willing to short anything and everything and try to blame the RNS using baseless claims, hoping a lot of investors don't fully read and understand the implications and value in the RNS.

Are we expecting West Newton drilling update soon, as it's supposed to start drilling in June isn't it?

https://drillordrop.com/2022/09/29/rathlin-energy-reveals-plans-for-15-wells-at-west-newton/

And this from September 2022:

RPS has determined that drilling with an oil-based mud system horizontally to 1500m will significantly enhance future production.

Rathlin and partners are currently working to determine the optimum orientation for a horizontal well, to be drilled from either A or B sites. Steel casing and other long lead items have already been ordered and the availability of rigs capable of drilling 1500m horizontal wells is also being determined.

And this from September 2022:

Executive Chairman of Union Jack, David Bramhill commented: "The conclusions of the CPR signal a highly valuable onshore project with resources comparable to those usually reported from offshore developments and at a time when forward gas pricing is higher than oil . Such a significant domestic onshore gas resource as West Newton will be an important transition fuel in helping the UK achieve its 2050 Net Zero targets.

"The Geological Chance of Success of 85.5% in respect of the Kirkham Abbey formation at West Newton is amongst the highest that I have ever observed.

"I look forward to the commencement of the drilling of a large scale horizontal well during 2023, with potentially, a Company-making result to complement our successful onshore Wressle oil production development, which has already financially transformed Union Jack and propelled the Company into a profitable entity.

"Union Jack is fully funded for the drilling of the horizontal well and all testing operations where third-party technical analysis has determined that using long horizontal development wells and oil-based muds should maximise hydrocarbon productivity.

"We look forward to 2023 with a seriously high level of positive anticipation on many fronts."

Link for reference

https://www.beosevent.com/programme/

"The United Kingdom’s oil and gas industry is bracing for another strike, after the British labor union Union announced that more than a thousand offshore workers would begin a 2-day strike starting on Monday."

"The 1,300 offshore workers that are set to walk off the job for 48 hours starting on Monday could disrupt oil and gas production for BP, CNRI, EnQuest, Harbour, Ithaca, Shell, TAQA, and TotalEnergies"

https://oilprice.com/Latest-Energy-News/World-News/Another-Strike-Could-Result-In-UK-Oil-Gas-Shutdowns.html

"The United Kingdom’s oil and gas industry is bracing for another strike, after the British labor union Union announced that more than a thousand offshore workers would begin a 2-day strike starting on Monday."

"The 1,300 offshore workers that are set to walk off the job for 48 hours starting on Monday could disrupt oil and gas production for BP, CNRI, EnQuest, Harbour, Ithaca, Shell, TAQA, and TotalEnergies"

https://oilprice.com/Latest-Energy-News/World-News/Another-Strike-Could-Result-In-UK-Oil-Gas-Shutdowns.html

"The United Kingdom’s oil and gas industry is bracing for another strike, after the British labor union Union announced that more than a thousand offshore workers would begin a 2-day strike starting on Monday."

"The 1,300 offshore workers that are set to walk off the job for 48 hours starting on Monday could disrupt oil and gas production for BP, CNRI, EnQuest, Harbour, Ithaca, Shell, TAQA, and TotalEnergies"

https://oilprice.com/Latest-Energy-News/World-News/Another-Strike-Could-Result-In-UK-Oil-Gas-Shutdowns.html

My message to you is to filter the con man instead of repeatedly posting posts to provoke them and give them an excuse to post even more. If you want them to stop posting, that is what the filter is there for, so we can all ignore their irrelevant posts.

No, they are not affecting the share price, because nobody is stupid enough to base their investment decisions on the garbage they post.

There's NOTHING dubious in the results. The only thing that's dubious are the ridiculous claims from people that provide no evidence to back up their libellous claims.

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!!