Member Info for PepeT2

Last two rounds of funding were announced on a Friday and a Monday...... so not my favourite days to see news released on.

Would assume Michael Sheffield is American looking at his Linkedln history, that would explain his honor spelling

Gitfinger

Well I'm expecting a cash payment upon delivery of the first ABB unit. RNS dated 31st July 2023 iro interim results states .... Payment for the FIRST, and subsequent 200kW S+ Series H-Power Generators would be in ADDITION to the £4.0m. Yes, agree that sale will be subject to a discount but as you mention, there will be a release of the deferred ABB revenue to contra that shortfall.

That picture was taken at Dunsfold Park by the looks of it.

CT, I can't see AFC being able to assist on this enquiry because the Malaysians are looking for a fuel cell that runs off natural gas. As far as I'm aware the only fuel cell with that capability is the SOFC ( Solid Oxide Fuel Cell ) type.

Melvin, Speedy took delivery of their first 30kw generator a week after FAT was completed in March ! Revenue was £400k iro Generators at 30th April and then a further £700k in trade receivables ( iro generators) was settled subsequent to that date.

Revenue is key at the moment, so am hoping at least for an update in that respect.

£12.288m in the bank at 30th April 24, that's why we needed a fund raise !!

AB would have developed a good relationship with the Saudis over the last year or two, which is a fundamental element to a business deal in their world. Let's hope his leaving the company shortly doesn't cause any major setbacks to potential orders.

That's great news. Building those modules would have been the most time consuming part of the manufacturing process for AFC. Once Zollner start supplying the modules(blades), that should make a huge difference to the output from Dunsfold Park.

Daz, as far as I'm concerned Speedy Hydrogen Solutions received their first generator a week after completion of the FAT, when it was delivered to Speedy's Expo event in Liverpool. Will they be able to manufacture enough units by the end of this financial year to meet some of the revenue targets quoted ? ......... think that's going to be a struggle.

Construction, we didn't have £27.4m cash as of March 24. That was the figure quoted in the annual report for the financial year ending October 2023. If you look at page 14 of that report the CFO goes on to state under 'OUTLOOK', that the cash balance was £18m as at end of February 24.

Constructivenews, I can tell you now that those two institutions were also involved in the previous fundraise 3 years ago at 64.50p and have been buying on the open market ever since. That's okay in my books. I have been investing in AIM shares since 2010 and trust me, if you think AFC is bad then you haven't been involved in some of the crooked companies that I have during that time.

Looks like Henderson and Law Debenture were both involved in the recent fundraise. Each have added a further 20m shares since end of May.

https://www.fidelity.co.uk/factsheet-data/factsheet/GB00B18S7B29-afc-energy/profile

I don't understand why people are so surprised at this placing, their cash balance was down to £18m at the end of February.

Yes a potential system Klunk. We were told at the AGM the 200Kw unit would be producing electrons imminently, so hopefully that has now happened. Unfortunately though the ABB unit does require CE marking before handover to the Client, which could well be a further 6 months based on their experience in obtaining same for the 30Kw air cooled unit.

5 x 100kW S+Series Modules

https://www.afcenergy.com/media/viwgr22w/cmd-deck-8-may-2024-website-final.pdf

AFC are expecting Acciona to visit this month to view their system.

Japanese visitors were the Chairman and CEO of Komatsu, the 2nd largest producer of construction and mining equipment in the world.

Yep, after the crap journey I had home via 4 wheels yesterday, will probably do that. Did visit Motolegends after the AGM to buy some kit though.