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As per the 31 October 2018 - the W2T shares were still held by AFC. Where is the information about the sale of the shares coming from?
In my view - the back to back equity raises combined with the wording in today’s RNS comes off as both unprofessional and amateurish. Hopefully we get another RNS to redeem this clumsiness.
AFC has been heavily de-risked as an investment opportunity over the two years I have held the share which is partly reflected in the latest rise in the share price. At present the potential upside of the share far outweighs the downside risks.
Upside:
• Shortly unveiling EV charger to the public
• External factors are very much in AFC’s favour
• Backing by industry leaders
• Potential short-term licensing income
• Future products already being matured for further growth
• Potential interest from multinationals?
Risks:
• Funding?
• Competition?
• Making deals with an economic return?
All my opinion of course.
Maybe super yachts powered by an AFC fuel cell!
Example of multinational looking for a power solution:
https://www.maersk.com/news/articles/2019/11/06/maersk-to-pilot-a-battery-system-to-improve-power-production
I have been invested in AFC for just under two years with this being my first AIM share; hence I am not accustomed to these rollercoaster rides!
My decision to invest in AFC was primarily driven by the increased focus on climate change; while understanding very little about the AFC tech. If the underlying products AFC are launching are commercial e.g. EV charger - the market is Global and AFC will only need to capture a minor fraction to be a massive success story.
As a result, I will be holding my AFC shares until they reach the skies or go down in a blaze of glory.
PS. When do I get my LTH badge?
Firstly, thank you to everyone that contributes to the board. This includes the eternal optimists and the doomsayers alike.
My decision to invest in AFC was driven primarily by the desire to support a company with the potential to support the energy transition which I believe is shared with several people on this board. To date this remains unchanged.
I have generally been happy with the progress within the RNS shared over my time invested (with the exception of the financing RNS). Unfortunately, they have not prevented the share price falling by ~70% over the last 12-15 months making it one of the worst performing shares in the UK. However, the single most negative thing about my investment in AFC is not the declining SP but the complete lack of excitement created by AFC. The company is invisible to the public and any information you can find is of poor quality or outdated. I sincerely hope this improves going forward as it would be infinitely more gratifying feeling part of journey as opposed to being kept in the dark.
I am ambivalent about Adam Bond’s ability as CEO; however, the personal attacks and discourtesy shown towards Adam Bond and wider team I find highly unhelpful. Will a replacement CEO do any better? And is the timing correct? Ultimately, I believe that a hugely successful AFC is in everyone’s interest and is what everyone is working towards. My default feeling is not that companies – even small ones – are de-facto pyramid schemes.
I am still optimistic about AFC’s future as the momentum towards tackling climate change will only increase and a fully working AFC system in any guise will be part of the solution.
Thank you to everyone attending the AGM – I will be looking forward to the report out.
Positive Story in these dark AFC shareholder days. http://www.bbc.com/future/story/20190327-the-tiny-islands-leading-the-way-in-hydrogen-power
Finally found something that has not already been posted. https://www.energyvoice.com/otherenergy/189101/shetland-council-eyeing-up-what-would-be-uks-largest-renewable-hydrogen-project/