Member Info for KelhamKing

Hmm. Do AFC have any commercial/sales staff in post after this?

Go and read the disclosure rules Ade, you absolute pudding.

Good to see Terry F*ckwitt from Viz continuing to make a contribution in real life.

Getting back to topic ahead of FY results.

https://democracy.brighton-hove.gov.uk/documents/s186516/Ricardo%20Brighton%20hydrogen%20strategy%20i3.pdf

I’ve personally been disappointed at the lack of any visible progress from AFC’s partnership with Ricardo, announced just two years ago. The strategy linked above is being pushed by Ricardo’s social media team today with absolutely zero reference to work with AFC, instead promoting Ceres’ SOFC product…another one to flag with AFCs Exec team ahead of the eventual AGM.

Merry Christmas all holders. If any of you end up watching re-runs of Only Fools and Horses this festive period, feel free to sing this ditty to the opening theme tune….

Stick a Bondy in your pocket
He’ll get a fuel cell from the van
‘Cos if you want the test ones
And you don’t ask questions
Then brother, he’s your man

But where the power comes from is a mystery
It’s like the timing of his bonus
Or supplying Extreme E
Cos he’s the berk that’s driving me berserk
Why do Only Fools and Bondy’s work

Sha la la la la

Apt that it's called 'Copperfield Gin', as drinking enough of it gives the illusion of sales.

Git raises a fair point.

The RNS states 'Completed 300 hours of operation to date with an avoided 1.8m tonnes of CO2 from entering the atmosphere (versus diesel)'.

1.8 million tonnes. Come on. I can get to 1.8 tonnes using https://ieeexplore.ieee.org/document/6344193, but to add in the 'm' is just careless.

I'm keen to see the company succeed but it really needs to avoid these kinds of errors in regulatory releases. Anyway, let's see how Keltbray progresses oop north ahead of other deployments.

https://twitter.com/AFCEnergy/status/1575137239155331075

Good to see the company has tagged in 'Mr Beepz Extreme' for the BBC award nomination rather than Extreme E....

The UK government has announced 'amendments to the Product Security and Telecommunications Infrastructure Bill to give telecoms operators easier access to telegraph poles on private land, supporting the delivery of gigabit capable broadband' within its new Growth Plan his morning. Anything to support Openreach has my support!

What an utterly tedious ba5tard.

‘Aimmillionaire’ stands for ‘Adam I’m millionaire’

I am absolutely stunned that a Remco has solely based a bonus share package - and a handsome one at that - purely on SP movements and without reference to clear growth in sales or the development of 'commercial 'products.

That aside, the immediate focus of the business must be getting systems out of the door and proven on real-world construction sites. I'm particularly interested in two things: total cost of ownership vs an equivalent diesel genset; and run data to inform further development work. Clearly the company cannot release the full gamut of information it has on either topic, but indications on either will be essential for the market to gauge future prospects and ultimately valuation....

I’ll be applying a very simple question to AFC Energy’s interim report.

This time last year, they reported 50+ qualified enquiries. They subsequently announced an extended product range.

So, can this business marry supply and demand? If not, why not?

Any more excuses and Adam Bond will become Hadem Conned…..

Ade, how do you know AFC’s systems ‘break even’? Similarly, Haggis - how do you know something is in the offing on Altaaqa? Show your sources.

Yes; your appalling spelling is a clear trend.

Well what a veritable smorgasbord of chat we've had this morning.....

Haggis is correct in emphasising that it's the company's RemCo that have agreed all senior pay packages. I'm firmly of the view however that an £860k pay package in FY21 vs. a revenue of £590k is frankly pushing it, regardless of how much other listed businesses pay their CEOs.

The major issue however is what happens next. Part of the frustration of a number on here is they cannot properly assess future prospects based on the limited information the company has provided. I'm unclear on technical specification of products, throughput capacity (or even how the factory is set up), price comparison vs. rival technologies (either capex or opex) or how the company plans to service any of its future products.

If the CEO can robustly answer these questions through either public formats like the AGM or ongoing shareholder communications (including its website!), then I suspect investor disquiet will be significantly reduced.

Excellent timing ahead of the red diesel ban kicking in next Friday; I'm interested to see if the company elects at the AGM to show it working and to display any sales & marketing collaterals as a clear display of its move towards booking greater revenues.

I'd say your pen name was pretty apt.

CEO base pay of £863k vs booked FY21 revenue of £590k is an interesting look…..

You do indeed if that's what you decide. BT went ex-div at the end of December. The telecoms tailwind is very strong however......

100% agree Rock. Why on earth would DT sell at a significant loss for ‘further acquisitions’ when its investment in BT is likely to yield significant medium-term growth?