Member Info for neon

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I appreciate and admire your enthusiasm but there is no point in running away from the reality. To become 8p on Monday, the market cap has to rise to 932M x 8p = 73.8M roughly. The broker has cut their target to 4M revenue next year which means the company would be valued at 73.8/4 = 18.45 x revenue which is quite high if you ask me. Peers are at 5 x revenue but for hot sector may be 10 x but 18.5 x is just too high provided I'm calculating correctly. The rise was killed by the recent £10M equity fund raise which added additional 500M shares in circulation. On RSI it's over 80 already meaning it's overbought at the moment.

Now do I expect it to rise further, hell ya? It will because of the hype around this sector and the way draper does his business! IMO it has the potential to rise further but just be aware not to get trapped in that rise. People are ramping it on twitter, even claiming £1 which is a lie IMO. We all want to make money, not lose money. If you are in profit, probably it's wise to top slice if it goes further up and play the game properly this time. But to rise 25+/30p+, the company has to come back and talk numbers to justify any potential rise IMHO but it's not impossible!

GL

Hmm. Business is definitely booming so a fund raise won't be that bad at this stage as it clears the way for a sharp re-rate. I've added BIOM on my watchlist.

Thanks

"Group Performance
Total Group revenues in Q3 were £1.1m (2020: £1.8m) taking Group revenues for the nine months to 30 September 2020 to £3.6m (2020: £4.3m).
The Group's cash position as at 30 September 2021 was £1.0m (30 June 2021: £1.4m) and the Group continued to have no external bank borrowings."

So 400k spent within three months making cash burn roughly at 133.3k/month. So 400k will be spent by the end of dec 2021 meaning the company will left with 600k which will last roughly 4.5 months - April/May ish. Given the company is working towards profitability and business will turn around next year, it's probably wise to get the fund raise done and dusted now ish IMO.

Opinion anybody?

There is absolutely no way to sugarcoat it! Well done if you were/are shorting it because investors should learn lessons from this tin pot company. Leo Koot gave us false hope after Neil Ritson's fiasco but the current and previous BPC management have made it much worse.

If you are newbie and still think the SP will miraculously recover then think again and take a look at Salt Lake Potash to see what debts can do to a resource company. If you consider the number of time this company historically diluted shareholders and repeatedly consolidated, it will give you more than enough reasons why you should stay away or cut your losses.

This company will neither recover the historical losses nor return to growth ever and about to get bankrupt! Admit it, cut your losses, learn from it and move on to a good company which will give you a good return. Remember, you won't win a medal for counting losses after losses.

GL

He repeatedly said focus on the business. If it’s getting better then the SP WILL follow. The legacy share options and warrant shares have created this drag and of course traders trading it but their affects are evaporating so with increasing business and better margins it will surely do well, just have faith, patience and accumulate if you can. GL

wow! 6% down just before COP26! Guys, it's a big buying opportunity! You all know what AFC has and everybody is talking about green energy now. IMHO, just load up. It's gonna bounce big

If it closes over 2p then game on.

GLA

this green buzz is going everywhere! Next month it's gonna be even louder! Expect to see a much higher SP soon

lol

Last time it happened, the SP doubled within few weeks. With COP26 just around the corner, expect some decent rise here.

GLA

Looking at the buying pattern and amounts, it seems the news indeed leaked. So if they exceed their target, what MCap we could realistically expect guys? 10x, 15x 20x?

Thanks in advance

if true, SP will simply rocket! GL

Another big push towards electric vehicles is being made in the UK government's latest strategy to make the great shift to a virtually zero-carbon economy.

https://www.bbc.co.uk/news/science-environment-58899006

https://twitter.com/Ilikaplc/status/1450439266639785990

https://twitter.com/VoxPodcast/status/1450072600709894145

Not in but can see why the funds were raised and strong support by investors! It was below 400p not that long ago so able to raise that amount at 400p shows you investors appetite! It’s a good news and I can see SP going up strongly

Well done ITM

GLA

then expect to see 55p+ tomorrow

GL

https://renews.biz/72911/octopus-energy-res-eye-3bn-uk-green-hydrogen-rollout/

It's pure speculation at the moment but I think at some point AFC Energy would be taken over by a bigger player soon!

GL

https://www.h2-view.com/story/us-consortium-set-to-study-the-feasibility-of-large-scale-liquid-hydrogen-storage-at-import-and-export-terminals/

bounced back from oversold territory and now on the way up, 40-50 on RSI tells me it's getting ready for a high run on chart alone. Together with the COP26 buzz and potential Q4 newsflow, sky is the limit on AFC at the moment. Extremely HOT sector so anything is possible because of the energy crisis we are going through! Exciting times indeed!

GLA! :)