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That has recently been reported and the future news we all expect, the 2024 outlook for AFC looks quite bright. With 1000+ products in the pipeline for the Speedy JV AFC imo will need to raise further capital. For me this looks likely in Q1 2024 maybe with the 2022/23 financial results, possibly before.
This is a most impressive video - With a detailed insight into the JV, the growth prospects are enormous. Both CEO's come across in a very positive way. My confidence in AFC is somewhat restored. With any further positive news this could well repeat the share price action we witnessed in late 2019.
StockCheque
Noted the strong rises in the US.
However, it should also be pointed out that these US stocks have fallen as much (if not more) than CWR, ITM and AFC over the past 12months. Since announcing the Speedy JV AFC has done OK, but to capitalise it needs announce more positive news with the other parties it is involved with, especially ABB, and sooner rather than later.
"Are we still on track or are we behind the curve. "
On the basis that the UK has pushed the banning of the sale of petrol and diesel cars back from 2030 to 2035 and the UK is supposedly in advance of many nation I would suggest we remain on track. If all goes to plan JOG will have enjoyed about 8 years of cash flow by 2035. My hope is it gets none, and is taken out well before any oil flows, and even a fiver will satisfy me at my age, I'm easily pleased.
The share price has suffered (like many) from the poor performance of the UK market versus both Europe and the US. The taking on of pensions (Boots etc etc) is a huge positive moving forward and improves the chances of an optimistic bid for the cash rich Americans.
At a few things: Firstly, the announcement of the 2nd FO has not had (for me and probably all long term shareholders) the desired impact on the share price. Next, all the analysts have reiterated their positive views on the company's FO partners and their spins on the potential future share price for the company, pointing out the no debt position and the well funded position. Moving on at the last y/e the cash position was reported at circa £5.6m. On 22/6/23 on completion of the NEO transaction a further $2m was received and in the interim report, admin expenses were reported at £1.7m higher than the previous years half year costs - note 4 to those accounts explained the difference "due to the award of share options on farm out". Next since then the 2nd FO has been achieved - so will it be another rinse and repeat with more options?
Is this going to be the trend through to first oil in late 2026?
As has already been asked on these pages, what remains for the Directors and others to do between now and 2026? and what do the directors actually want to achieve? I am fed up of thinking and talking about this.
Robbie2017 - you wrote
"Indeed also shows their share price goals - 0.16p soon with 0.4p to follow"
Don't think you have read the RNS properly the 0.16 options have a 2030 expiry date, that over 6 years off, how do you arrive at "soon"
Livestock
Well it needs to jump a hell of a lot more, it is badly trailing the DAX (hit another new high for 2023 today) and also the CAC, this is close to moving ahead of the FTSE100 in number terms, have been over 700 points behind it earlier in the year. LLOY have had a good run this week, but are still circa 15% below their 2023 high. Motley Fool suggesting they could go to 150p in 2024, what a dream that would be, I would settle for 60/80p, there I go dreaming again.
Half decent result and this movers quickly to 550/600 range. CCL performing well on the back of strong booking and lower fuel costs benefitting the whole industry, especially air lines and cruise ships.
SUFCESSEX
Well with your large holding you must be a wee bit upset at the fall in your capital value (about £78k) since February.
LTI is always banging on about the great (14%+) returns LLOY are giving - one day the reward will come, a bit like climate change I expect.