Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
But surely the rate of cash spend has gone up since then. And if we get a strategic investor then that will almost certainly be dilutive. Unfortunately getting such an investor, while positive, will be from a position of weakness (the share price). The simple fact that the firm that organised a cash raise before has reappeared seems like a clue to me.
Https://www.lgbco.com/quoted-landing-page/decarbonisation/afc/
Not sure who LGB are. It's a little discouraging that the newest corporate broker, RBC, 'only' has a target price of 40p. Those with significantly higher numbers have credibility problems. This is the key line from the piece: value will ultimately depend on the success of AFC’s system in terms of performance and their ability to significantly reduce the cost of the system
The UK stockmarket has lost sight of its purpose. It used to have two main raison d'etres - liquidity and capital raising. Its main function now is to allow PE firms to dump rubbish companies on it having extracted all value
What I'd really like to hear from Liberum, Peel Hunt & RBC is why they believe the market is so spectacularly undervaluing the company. Because at the end of the day the price of everything is what somebody else is prepared to pay for it
Anyone who isn't a little cynical at this point must be on drugs, or perhaps should be. The 2020 June update was possibly the most optimistic CEO statement I've ever come across - but we are where we are. We need more than promise now.
Mentioned a couple of times recently in relation to the cracker division. Presumably that comes with a significant dilution, particularly at these prices. Yes, having a partner that can really deliver value on board would be a big plus but it's hardly a given - after all, the share price now is less than 25% of what it was when ABB came along. Hopefully we will get some shareholder value from that arrangement in the not too distant future. The subject coming up certainly suggests funding will be needed sooner rather than later which is hardly surprising - the cracker development wasn't really envisaged when the cash balance appeared to be enough t see us through a couple of years. It was interesting to
hear that the Fuel Cell and Cracker operations are being run as separate (to a point) divisions but I can't imagine that being formalised any time soon; the legal and regulatory costs would be very significant and having two listed entities even more so.