RE: Sp24 Jul 2020 10:00
I think this is a good RNS for those who believe in this technology and the role it will play in the decarbonisation agenda moving forward - they're working from multiple angles and it really feels like they're getting all of their ducks in a row, with everything then falling into place all at once. However, not such a great RNS if you're trading it and hoping for a quick rebound.
" For most though, the AFC Energy fuel cell forms part of a larger energy portfolio strategy and as such, shareholders should be mindful of what would be a reasonable timeline between "enquiry" and "sale" as the solution provided by AFC Energy in this regard should not be seen as a commoditised consumable for which simple "buy" decisions can be made without taking into account other considerations." - I feel that this quote puts a downer on the likelihood of any immediate sales, so that'll hit the SP today.
" We will continue to invest in this communication and recent experience shows that targeted content and audience provides a better commercial response than high level general communication which will manifest itself in more specific communication in content and communication channel." - This seems a little bit like a "shut up about not releasing enough communication" statement - sounds as if they are spending the money on targeted communication rather than just announcing stuff left right and centre?
It's also worth noting that several other hydrogen stocks are down 7, 8, 10% today without any news - so let's not disregard the market sentiment overall right now. If I had spare funds right now I'd be topping up to bring my average down, but in the mean time I'll just hold and wait.