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The Chairman who remains silent in the ongoing desertification and garonning of his CEO on this irritating board did buy about £100,000 of shares at about 50p a share in the year or so after his appointment, which is positive, but strong signs of support on progress and on his management team would be even more positive. Hopefully forthcoming soon in his statement in the Annual Report.
Could it be as simple as bolting 6 100kw or 3 200kw units together?
The c 100 people not twiddling their thumbs ought to have delivered something price sensitive enough to merit an announcement. If not why not?
Perhaps just an announcement to say why there are no announcements??
Methane driven?
Two years work before this article and three years since then, but no new news is not encouraging.
Three roles of a CEO and a board:
1. Raise the money - AB score 9/10
2. Invest it wisely - AB Score - not proven, but nearer 1/10 than 9/10 until proven by significant commercial orders at economic pricing. Trials are great, but not commercial!
3. Count the money - AB score - so far only net outgoing from operations so 0/10.
As is obvious 2. Is the key, and has been for a long time.
Alt, - And how about the other 30 or 40 folk.
L
There is a mismatch between the apparent lack of orders for multiple units rather than single test units of the Tower and a near tripling of the number of people employed in the past 18 months. Can the company share with shareholders what they are they all doing? One would expect that in an industry like this the new recruits are all pretty bright people so we can hope they knew what they were joining and like what they see! It would be good to hear from them rather than just from the boss.
Yes Haggis, but it makes no sense that on this news, which is long overdue that the AFC price goes backwards. Is the no belief in AFC technology?
RNS /RBSmay be Freudian . . .
Beware the comparison with aiTM which is bouncing after a worrying RBS and share price collapse.
Fed up with posters moaning about each other!
If Chairman is buying that implies no imminent price sensitive information. If that is the case maybe company should review its RNS’s over, say, the past year and report to shareholders on progress, or lack thereof, on subjects mentioned in those releases. Substantial new recruits implies there is much activity underway - over 100 people - and even assuming a few not yet fully occupied they must be doing something or they would be very bored. An update in some detail on what all these people are actually contributing would be useful to shareholders. The last - big - fund raise from we shareholders was in part to add substantial people resource, so an update on their progress is overdue.
Difficult to agree with those that can't spell - prob means can't do sume either.
Given the almost unanimous commentary on the CEO should there be an update from the Chair and the Neds? If the few with positive context prove to be near correct this should be a take over candidate. The trouble is that the triple whammy of Covid, Ukraine and Roaring inflation with pleas for goverments to help out, there ia a lack of money around to take risk, and the 'ocean of money' said to be sitting out there will stay there - outside!! - until a light appears.
Kev I agree the rapid growth n staff numbers is very important, and part of what AFC said it would spend its new funds on from last years big raise. It’s getting close the three times the number of people there a year ago, and it would be very helpful if as part of a half year update AFC could give a reasonably detailed and lucid description of what these new folk are actually working on, person by person.
However, imho it’s good news that presumably quite bright people interested in the hydrogen economy have done their own due diligence, and chosen to join AFC. Statistics on churn of the staff, new and old, would also be interesting.
The uncrossed trades for the last two trading days have been huge, and opposite - over 500,000 shares at end of each day. Any expert know what that means?
Amuse,
Is that ‘wonder when’, ‘wonderful’, ‘wonder what fibs next’ or ‘wanderlust’ etc etc.
Haggis,
Can we get beyond speculation to reality sometime in the next decade?
Haggis, but how many are real rather than speculative?