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I can't see any possible connection

Not sure how many times I can say the same thing. the company will look for financing. That is NOT the same as investment.

Ade, you are being ridiculous. Stop it.

Why? What's your theory?

Maybe so. But I'd like to KNOW - because we know precious little about what has been going on for the last few months

Does this mean it is now commercial, or close to it? We've been told several times not to expect revenue from the cracker this year but the website looks like it is open for business. Sadly, past experience suggests that level of clarity won't be available any time soon

Where do you think he has released it to, Daz, and to whose benefit?

I live in hope, always, that the internal assessment of the value of the cracker has some validity and that, if so, this may 'release it'. If that is the case then clearly AFC and its shareholders will benefit. History tells everyone that isn't a given.

Yes, Foxy, that would be correct. But presumably there would be a lumpsum received for a sale. That could be used in any one of many ways but it would be to the benefit of AFC and its shareholders. It's not remotely unusual for plcs to have subsidiaries and divest/acquire them.

The likely word in the message is 'financing'. That is not necessarily the same as seeking investors. There are many potential sources of finance that would not dilute AFC's 100% ownership of Hyamtec

From the RNS

As a wholly owned subsidiary of AFC Energy, Hyamtec will have increased flexibility in seeking financing for its growth.

Note the word 'financing'. As a wholly owned subsidiary of AFC energy plc that clearly cannot mean equity fundraising. it could mean grants, it could mean bank finance, it could mean a multitude of things but what it doesn't mean, as of now, is a diminution of AFC shareholders' intertest in the technology and the potential financial rewards it may bring.

As a separate Limited Company its liabilities will be ringfenced from those of its parents. There are numerous potential interpretations of that - the most negative being that the fuel cell business is such a black hole that it has become too difficult to raise funds for - it will certainly be challenging to make another placing any time soon (no, I'm not suggesting one is necessary) with so many investors being under water from the last one, and the one before that etc.

The move certainly suggests confidence in the cracker. Only time will tell if that is well founded. I think we have a right to be cynical until proved wrong.

What on earth is wrong with you?

I've not jumped to any conclusions, merely highlighted what he said. Bulgin is his most recent role and he was involved in taking that private. The UK market, AIM in particular, is seeing lots of listed forms taken private for the very reasons he cited and plenty of others.

I wouldn't be remotely surprised if AFC follows suit because, for example, if the cracker really is worth multiple times the total market cap then someone will see the chance to take that value opportunistically.

That rise was nearly a decade ago. I've missed the link if posted but he certainly says how much better the private arena has been:

For Mr Wilson, it has also demonstrated the advantages of taking the business under private equity ownership.

“We traded in having many shareholders with different views and opinions, all of whom wanted to see an increase in our share price to realise a gain, for a single set of shareholders, who support us to grow the business in the best possible way.”

Quite why you need to respond so obnoxiously beats me, but I prefer to retain my dignity.

Doesn't sound mad keen on the challenges of running a listed company

The highest paid director at Bulgin in their last accounts ( to Jan 23) was paid £566k, up from £442k the previous year. Reasonable to assume that was probably the CEO, Mr Wilson

A bit more colour on the new appointment here

https://www.equistonepe.com/news/platform/08-meet-the-director-bulgin

Proactive sure have mastered Ctrl C, Ctrl V

We hope it is, and it might be the case, that the Speedy relationship with Amey will start generating revenue for the joint venture sooner rather than later, but our joint venture with them is not the only sustainable option within the Speedy stable so no guarantee that anything is coming our way.

So 2025 will be 'the year of delivery'. I've heard that before. For some reason, jgbb, you think I'm some sort pf doomsayer but I'm not - I'm just realistic. I'm glad we have got an appointment. It's not a 'blow your socks off' sort of appointment but nobody with a brain was expecting one of those. Let's hope we can get out there, deliver units and start generating some revenue. profitable revenue hopefully, but I think everybody know that's a year or three off at least

What sort of candidate did you think we would get? I'd say it was impossible to recruit someone that would make everyone stop back and say wow

Charlatan

I'd love this liar to highlight one misleading thing I've said. Because I could highlight hundreds that he has. Including the one I responded to here which he's now adjusted to the slimy 'IMVHO'