RE: AFC19 Mar 2020 10:40
FCI - the turnaround will not be rapid I'm afraid. For AFC it may never even come. Worst case this is the beginning of the end for AFC Energy.
I hold but will absolutely not buy. We are in serious trouble Globally as we all know, but I'll stick to AFC, who are also business-wise in serious trouble. It pains me to write that. There will be NO sales in 2020. It will not happen, we all need to get used to that idea.
Even the notion that anyone essentially locked indoors worrying about how their children will be schooled, where the next mortgage payment is coming from, how their elderly or sick friends are going to get through this, will be trying to persuade their fellow board members by Video Chat to release £££'s to buy EV Chargers that are as far from essential items as they could be, is ridiculous in the extreme.
Just imagine how irrelevant that conversation would be. Imagine how laughable and embarrassing even the instigation of the conversation would even be. No-one needs AFC EV Chargers, as in no-one REALLY needs them. They are an expensive luxury at best. YES they are long term economical, YES they will help Global Warming, but NO - they are NOT needed at this time - for the next 12 months or more there is not a hope that any Businesses or Authorities would even seriously discuss AFC EV Chargers, let alone buy one or more.
There are far, far, greater and important issues at the forefront now. And there will be for some months to come. My serious only hope is that when the AFC SP falls to mid-or-even-low single figures, which it will, I can average down then and then in 2021 or 2022 re-supply my dwindling accounts, if AFC Energy even survive as a Business.
Apologies all, some will say it's more doom and gloom that no-one needs more of now, but I think that we all know what I've written is the situation/risk we're in with AFC now. This is the scenario that not even one 'Share Prophet' could have envisaged.