Member Info for Rooky

Cynical or not, I do think this RNS is sp effecting, but as to the justification of any sp rise, I have no idea.

Reason being the following niggles me as to, here way go again, 'FC Energy's EV charger is now one of our key markets for revenue generation and gives us an early mover advantage in penetrating the off-grid market." .

How many times and how long ago have we heard the, ' gives us an early mover advantage' statement'.

So cynical. yes very much so, but that cynicism is all down to AFC.

I remember once dreaming that my investment in AFC would buy me an Aston Martin Vanquish.

Recently been looking at a Reliant Robin, second had of course.

As someone posted, AB said 'With a developing technology on the cusp of commercialisation'.My question would be, How long does, 'On the cusp mean'. Typical political speak.

Hi Beeforlife,

I did not see your post until I had posted my question re clearer language, but you comments are as I understand it.

Cheers

Hi 98889,

I do not look at the RNS as if PHE are still working on the Feed, more that they can not on any build complete stage 2 before completing stage 1.

I can usually get my head round most things, but I do find the RNS confusing.

Can you or anyone else on here put the details into a bit plainer language.

Thanks in advance.

Rooky

Also with Hydrogen the world can not be held to ransom as it can with oil.

Just look to what is happening in Libya and a few other oil producing areas.

At the start of 2019, crude was priced at 54 USD/bl, by mid feb 65 USD, mid March 68 USD and mid April 72 USD.

Some forecasters (yes I know they often get it wrong) are predicting prices toward 90 USD by end 2020.

Oil as yet is still knig and may be so for a few more years yet, but as for fuel/energy it is starting to loose ground quite fast.

Momentum to other fuels/energy supply can only increase, so there is only one way this will eventually end.

Agreed Newboy58,

When we do get a few contracts the sp rise will follow. More contracts will equal higher sp.

The lease agreement is a contract signed between the lessor and the lessee, the lessee would never sign a contract, especially for 124 years if they did not already have planning permission or/and permits. This would not apply if the contract was conditional re these two authorities, but as it did not state conditional, I very much doubt that such conditions apply.

Usually in situations such as this, the lessor applies for and obtains said pps and any required permits pre contract, as they are then able to put a higher price on the lease agreement itself.

Perhaps there is someone on this thread with knowledge of land or and construction contracts, that can confirm.

My past is in criminal law, not civil or contract law, but both sometimes cross over.

Hi Tatty,

I think PHE said that once they finalise a site, it would take 9 to 12 months from commencement of build to completion, stand to be corrected if wrong.

Hi BB,

You say, ' Not that long to wait for results on the performance of the product, is it?'

But they are not obliged to give that performance result at an AGM, although hopefully they will.

Southerhay,

As one who more often of late, derides AFC mainly due to their lack of update communication, if you check my posts I have often and still do try to to balance positives with negatives.

The news this morning as I stated, should/would normally up the sp by quite a margin, perhaps even 100% if the same news had been released a few years ago, but you have to go by AFC's record on news, IE if timelines are beaten, they very quickly let us know, if timelines are passed, they keep very quiet.

Trust is everything with investing. Can you honestly say that you trust AFC as much as you used to.

If they released a RNS giving good reasons why they have overestimated their progress, I feel that most would at least except such an update.

As ever, no news of previous statements, sow the seeds of doubt, hence today's closing price on what should have been an sp boosting day.

Hi Klunk,

I have no problem with AFC being continually in R&D, as that means they are less likely to be overtaken by another companies products.

RNS's like today's should have us jumping for joy, but due to both past RNS's that have yet come to nought and lack of updates on previous statements, long after timelines have past, most like myself automatically are put into the 'here we go again' mode.

Hi Dogger,

According to AFC purity of hydrogen has not been an issue for several years.

BB my post was born of despondency, as we have seen what looks like an excellent RNS's from AFC before (and yes this latest could very easily be a big string to their bow), the sp shoots up a bit, then slowly drops back.

I 100% hope I am wrong, but unless they get some contracts soon, the attitude of 'here we go again', will prevail.

Looks excellent news, but whilst pleased (I know I will be knocked down for this), having seen a few annoucments similar from AFC 'This fuel cell system will open up new markets for AFC Energy where high-power density and reduced weight, volume and footprint is beneficial to customers' needs', we need to see ink on that dotted line of contracts for what they have already stated was nearing commercialisation years ago.

News like this should by rights, move the sp at least 100% to yesterdays close, but I just wonder how little it will move.

Southeray,

Been invested as long as you, possibly longer.

Agree with most of what you say, it was labelling us moaners as pathetic that wound me up.

I have invested what I could afford to loose, but no doubt many have invested life changing amounts, no wonder they are very angry, and therefore feel that having a go at the company is justified.

As to contacting the company direct, I had an contact through Landstead. In fact that contact actually encouraged me to update them with anything of interest to possible AFC customers, but they nor AFC even bother to reply to reasonable questions (none sp sensative) any more.

Still no final results although last year they were released in mid March

Hi Southeray,

Its the drip drip drip down of the sp coupled with the lack of communication that causes people to post very downbeat posts.

It is very difficult to keep positive when you see your hard earned money going down the drain.

I have seen it a few years ago with a company I was invested in. When this company finally started to make a few quid after years of taking punters money, only then to be taken private with all PI's voted down.

Not saying this will happen to AFC, (obviously they are not even at a money making stage yet) but that's what most posters said about this other company.

Just how low does the sp have to go before negative posts do not appear pathetic.

Regards Rooky.

Not me either, but every word is true.

Analysing data on the 2,877 companies which have listed on Aim since it's start in 1989 show that in more than 30 per cent of cases, shareholders lost at least 95 per cent of their investment.

By contrast, there are 39 companies — just 1.4 per cent of the historic total — that have given investors multiyear returns in excess of 1,000 per cent.

So yes, it's a very risky gamble but there is always the possibility of another Asos, Numis, Mears Group, Imperial Energy and Domino Pizza being the five best.

I invest in the AIM as I usually like the nail biting, adrenaline ride, I don't want or need a better chance of a steady as she goes investment. I have such investments away from the stock markets.

Of course when money draining stocks go the way of AFC, it has to be weighed against those rare chances of making mega bucks.

Trying to pick those big winners, inevitably results in a few dogs along the way.

Anyone tried the Beta site. If so is it worth trying and does it result in loosing access to this present site, as I do not want to loose my watchlist or portfolio.

Thanks in advance