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Sales, we need actual sales. The market is, I suspect suspicious of AFCs false dawns. Besides which these are difficult times generally for the sector. BUT... one is hopeful that AFC is actually now moving towards making some serious money. Who knows! Fingers crossed.
Well let's hope for some tangible, specific news related to sales. That's what makes the difference. The rest is hot air that the market doesn't historically respond to favourably as we all know.
fingers crossed.
Hi Hardboy,
yes, as an industry it seems to attract academics who want grant funding and who are interested in saving the world (nothing wrong with that) and various cynical snake oil salesmen! The question is: where does AFCs leadership fall? Results and timescales have been very disappointing over the years.
What people forget (or maybe never knew) is that back in the 90s a number of fuel cell companies started up. It was on trend and it felt like the holy grail of clean energy and huge investment profits all rolled into one. Investors piled in. These companies were advertising turn key solutions but when you got to their facilities all they actually had was a single electrode bubbling away in a laboratory on a bench while some electrochemist (probably also a board member and founder) would wax lyrical about how they were now producing x milliamps per cm squared! They were decades away from a usable product. Investors got burned and the market is now cautious. Meanwhile, these companies were surviving on endless grants and development projects. Sales, actual sales is the only thing that will drive this forward and ceos need to be rewarded on that rather than meaningless technical milestones that can be reinvented endlessly. Remuneration committees need to stop the onanistic gravy train and reward financial results not interesting ideas!
Thats interesting Constructivenews and most welcome. What exactly will be announced exactly in the Q4 update that will send the SP north again and how precisely do you know that? If this is a general comment of positivity from you as a generally uninformed outsider (like the rest of us wallowing in the lack of news) then let us hope you are correct. If not then you may be breaching rules through insider trading.
Yeah - all these commercial and technical "leaps and bounds" must be why the SP has soared to 15.5p this morning. See you on the beaches and give Bond a knighthood. He soooooooo deserves it for all his sacrifices!
Hi Constructivenews,
Ive seen this before and ive been in this share since it went public. I currently have a holding but am not bothered about the loss as ive done some good trades over the years and made good profit. It doesnt mean i dont share the frustration we all have with no news and Bonds fat remunerations. On the other hand, its still operating and there seems to be a strategy operating here.
Based on my experience of AFC and taking understandable emotion out of it -
I think AFC may have a way to run before it bottoms out. Its been as low as 1.8p and as high as mid 80s. It may be wise to wait and buy it on the upturn especially on the strength of any news that comes in. Thats worked for me in the past.
Assuming this is anything more than a rumour then the dilemma for investors like me is the likely sale price. If ABB made a purchase then they would presumably want a reasonable deal. The SP of AFC is very low and has been for a couple of years. It is under the actual launch price! It's unlikely therefore that ABB will offer anything approaching the low 80s which it has been at. On the other hand, one hopes they would see value in the tech in which case the aquisition would probably give rise to some sort of announcement around product or market strategy which should in turn boost ABB stock price. On the face if it then it would be wise to take the new ABB stock or at least wait until the sale is agreed rather than sell on the pre sale rise in AFC SP. Thats assuming any of this is true of course!
Strangely, Jonhboy EXACTLY the same disappointments you have perfectly described only multipled several times as I've been in it 14 years longer than your good self. Plus, I've been through the all too familiar script ironically voiced by you:
"I also believe that 2024 may finally be the year that AFC start delivering a handsome reward ..." This ive heard many times over.
Bless you for your naive enthusiasm though! What we DO KNOW for sure is that Bond will get fatter in the wallet, whatever happens. Hope I'm wrong but I've long since learnt with AFC not to hang on for the "big one". Trade this mercilessly I say!
Re previous threads, it's nice to see the SP is still edging up over several successive days. Whatever the reason it tends to be a precursor to a significant positive. Lets hope genuine confidence in AFC is well founded.
Ade. At the monent I would have to see under 20p if i was going to entertain getting a profit in the short to medium term. At the moment lord knows when it will get to 60p. So yes I agree.
Its not really tosh at all Goatlegs but if it helps you justify your euphoria then knock yourself out! I explained myself more than adequately for someone of average intelligence and above to understand. So, im going to cut you some slack.
Pandy2
I would hang on with AFC energy. While I am appalled at Bond's greed and all the false starts and unfulfilled promises (Ive voiced my idignation several times and had to listen to rampers BS justifications) I think this could make you some money depending what you bought at. In fact, I have made some money and covered my original investment and still have a load Im hoping to make money on.
Heres my history - bought at 23p watched it nosedive to 1.8p - hung on and didn't buy any more.
Watched it go to 80p within about 18 months I believe it was and hung on for £1 (didnt sell any) and watched it dive back down again to 20s.
Watched it double in price virtually overnight when Abromovivh bought in and decided to sell a load. Watched it drop back to 20s within weeks and bought back in substantially increasing my shareholder without spending a penny!
Watched it go back up to 87p about a year or two ago and decided not to miss out ths time so sold a load at that price and made a handsome profit.
Sitting on load now and it doesnt owe me anything BUT Im not going to make the fatal mistake and hang out for THE BIG ONE (whatever that is).
I hope that gives you some heart in what has been a really annoying share to be involved in. My gut is that it will get back to a fair price and not selling at under 80p. Take nice profits as they come along - i wished id done that from the start to be honest. Good luck!