The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Presumably there will be a mass exodus after experiencing how the two major shareholders have tried to fleece the rest of us.
Ditto Pander, i always fear estimated resources which await funding to turn into reserves. I guess we either believe management or we do not. I think Robert comes across as a highly principled man not given to over egging anything. Jay is more of a salesman which I like if the product turns out to be a winner but I wouldn't necessarily buy into his enthusiasm without Robert's gravitas and honesty.
still none the wiser they haven't flow tested or anything. how do you put a value on that?
Forgive me but are we talking about valuing Contingent and Prospective resources. How do you value those, not sure we know how Jay arrived at a figure over $2B.
Lets concentrate on the likelihood of being back on AIM, forget the fact, if you can, the two main shareholders stand to make a huge amount of money taking on the bank debt at a discount but leaving the main terms on the table, without them the company would surely have gone belly up. We haven't suffered further dilution.I am not a supporter of Edwards and Candy I don't trust either of them, I will be moving on as soon as I can.
i think they have new investors from as far afield as Australia.
Have you factored in the possibility of attracting a partner and funds with it? ITM RAISED MONEY FROM Linde at about 40p not that long ago and although with little to show for it in terms of results look at where the price is now. If AFC try and go it alone the sp will have to wait for mind blowing positive news. So much upside if the board make the right decisions but time is ticking money is being spent attracted by the appetite for anything hydrogen. Years ago talk was of the holy grail- years ago!!. IMHO.
Sp is news driven.
All good points. Clearly I think AFC needs to bolster its balance sheet with a meaningful long term strategic investor. Schroeder’s have been enormously supportive and have accordingly made a good return. But they don’t give potential commercial partners any confidence, the company will be raising funds no doubt but as many have said here if possible a commercial sale of something would help the process.
Thanks Garonne. You are right this was always going to be the future. But what about today? We have lost some commercial traction with the motor show postponement which is unfortunate. No news on genset so where are we on that and AlkaMem is not fuel cell dependent and is for next year. Just thinking aloud there is so much money waiting to invest in hydrogen related projects it’s very odd Bond hasn’t attracted any of that.
Please help. The company keeps changing its description. Alkaline fuel cell power company, hydrogen power company, industrial fuel cell power company, provider of hydrogen power generation technologies. The list goes on. Where are afc now what’s happened to an EV contract or genset deal. The rest is another promise so far away. I thought AFC were about to announce a commercial contract in either the EV or genset markets. The RNS has left me confused is the genset opportunity now 2022 as well.
Its often useful to reflect on comparative market caps and see where AFC fits in. At the moment for example Ballards are over $2billion, ITM above £700M . But is AFC anywhere near with their technology. We need meaningful commercial confirmation. If we get that I can definitely see a £300M market cap. Scary
david black- i am not an oil man but have relied on my broker to guide me, not a good idea as it happens, he is still working at the ripe old age above 70!! However one of the things he told me was that a CPR is bound to be an unchallenging estimation given the liabilities professionals take on board when they have a judgement call.Any number they come out with will be very conservative. If the report comes out at managements lowest estimate of 90M i will take that to be very good news.
I had some very clear and positive feed back from Friday. Correct me please if I am wrong apparently Bond said they are ready to go. If an order were placed before 31.12 AFC could assemble and deliver within 6 months. The supply chain for everything is in place.
Yes I remember that too but can’t recall the director’s name. He’s gone now of course adding very little value in situ. The current board looks much stronger and hopefully have the skills to commercialise
We all know good management can squeeze bad assets and make a turn, bad management (and AIM is littered with failed former overpaid executives who are attracted to AIM to make money for themselves at the expense of naive investors) ruin small companies with potentially fantastic assets. Now Pantheon has world class management forget the past we have every chance of real success here. And to boot our new investors are very respected oil experts who have serious skin in the game, not options but personal cash. I like this company now.