Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Brettington,
The company can't control the stock market, which has had billions drained from it that has been moved to foreign markets. Show me a small cap or mid cap that has a higher Market Cap than it was before Brexit, they are few and far between. The Capital Markets Day could change that for AFC Energy overnight, hopefully it will.
What AFC have achieved is:
30kW system completed and commercial and now production is flowing for that system.
Deal with Speedy Hire and already worth millions before they are even flowing off a mass production line.
Deals worth £27.5m before anything is even flowing off a mass production line.
Completed the 200kW system build (a much more complex task than the 30kW by the looks of it) with just final wiring being done a few weeks ago.
Sale of systems to ABB that once flowing should kickstart mass orders from them and others.
Rapidly developed the Ammonia Cracker that is already valued by industry experts as being worth far more than the AFC Energy Market Cap.
Based on that the options are fair and I have no trouble with them, as they still have to achieve the targets and then pay the money for the stock, it's not like they have been given those shares, they have to earn them and pay for them.
9 new targets on top of NT1+2 and CH-1 that is.
There are 9 targets listed on page 18 of the ARA 3D report. 6 of those are P10 above 1TCF, so I think they will drill those 6 in quick succession.
https://aminex-plc.com/wp-content/uploads/2024/03/APT-Revised-Resource-Potential-Mtwara-Licence.pdf
Hopefully this Tuesday RNS.
The important political people that need to be at the presentation ceremony are engaged all weekdays in Parliament until end of June, so that only leaves weekends for them to do the ceremony. This weekend is as good as any, and they've had a few weeks to organise the event. Anyone's guess as to which weekend, but Hon. Doto Biteko will want it wrapped up ASAP.
RE: "It is a sensible thing for management teams to consider once they reach a certain size and sustainability"
For sure, but as with anyone in the finance industry I'd rather the powers that be fixed the UK market.
RE: "A few UK stocks I holding are considering re-listing in US to get fairer valuations"
I asked the following question on a recent Investor Meet Company meeting for another company:
"Have the board considered listing on NASDAQ to attract more institutional investors?"
Part of the answer was that the view is a NSADAQ listing would usually be looking at a market cap of minimum $500m usually closer to $1bn.
So if your companies are mid caps of that size then they could move, but if it's less than $500m then not so likely.
When QED get that big, I'd hope for a dual listing, maybe USA but because of Vertoro and the Biofuel bunkering there then maybe Netherlands on Euronext (Amsterdam). The Euronext 100 has done really well since the financial crash in 2009.
https://live.euronext.com/en/product/indices/FR0003502079-XPAR
"if they can get the development licence"
They have it, it's been signed of by EVERYONE that needs to sign it off, all they are waiting in is a presentation ceremony, which is not an 'if' its a 'when'. Could be this weekend.
Nobody can 'expect' a market cap, the market will do what the market will do, and we will just have to watch and see where it goes.
However, the current £26.82m market cap is genuinely pathetic.
It hit £350m at the end of 2013 with the Maersk trial lined up, but the market as a whole has dropped a lot since then with all the money flowing out of London to foreign markets, but even then, £100m or £150m would not be obscene for QED in this market with the MSC trial signed off. Will it get there, no idea, I'll watch and see where it goes, as I'm already fully loaded for the ride.
He would only cheat and bring one of these https://www.pinterest.com/pin/119134352620760394/
"presentations from guest speakers including Dan Evans, Chief Executive of Speedy Hire plc, covering the Speedy Hydrogen Solutions joint venture with AFC Energy."
"Presentation materials will be made available on the Company's website following the event."
I'm certainly looking forward to seeing the presentation on Tuesday. Hopefully some things in it that we've not seen or been advised before, some new images of the Ammonia Cracker, 200kW, etc too.
Yes RJ, remember that extremely high pressure that was found in Likonde-1, that is what is sitting under this stock, just waiting for something to come along and release it. That might be the licence presentation ceremony, the CH-1 drilling, the pipeline being constructed, first commercial Gas, something will create a big rally IMVHO at some point, something that wakes the rest of the market up to what this company has and causes a significant re-rating.
News Tuesday? Capital Markets Event Wednesday!
200kW was on final wiring weeks ago so could be finished build and starting FAT. Worth a LinkedIn post if it is.
Order from TAMGO is the company's top priority, they have been working together on TAMGO clients, the 30kW is ready to order, so could be incoming any day.
Plenty more going on that could produce an RNS.
"AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it will host a Capital Markets Event for sell-side analysts and institutional investors on Wednesday 8th May 2024, beginning at 14.00 BST, at the offices of Peel Hunt, 7th Floor 100 Liverpool Street, Moorgate EC2M 2AT."
There is a staff incentive SAYE scheme.
https://www.lse.co.uk/rns/AFC/launch-of-2023-saye-scheme-q1wdxu3yrp8caev.html
3 sells just gone through, all at 1.27. Up from 1.2 earlier.
Finally on the move even on very low volume. Maybe the MM's got a whisper.
Dow Jones has opened up almost 500 points higher. Not sure what that's all about but hopefully the positivity will spread to the UK market.
Shows on ADVFN live prices (not L2, just normal live).
A buy just went through at 1.347.
1) The Irish exchange never gets any trading, all of the AEX trading is done in London, so that is what it's valuation is based on, London trading.
2) AEX is a small cap, part of the small cap market that has and is being damaged by cash outflows from London.
3) Looking forward, if AEX is to get to the valuation that calculations suggest it should, what they are saying really needs to happen, otherwise we may have to temper down our target prices for the coming years.
Here come the trolls again, talking a load of trollocks again. That must mean their trading software has told them to look out for a sell signal.
Also, while I am here, some troll said the other day that I said britishbulls was rubbish, that's not true at all, I have no view on whether it's good or bad, what I have a view on is traders like them coming on here trying to make out they are clever, when all they are actually doing is following what britishbulls tell them to do, they actually know sweet FA about trading, signal, charts, or anything else, it's all bluff.
Is this right? Seems like 20MW needs a lot of gas compared to what we will produce in the first year?
"The quantity of natural gas that is used to produce 1 MWh of electricity is required and was determined using the following for Trinidad and Tobago: (1) The electrical demand for Trinidad and Tobago for the year 2015 was 9,689,987 MWh [42] and (2) this electrical demand was produced from 107,675 MMSCF natural gas [46]. Accordingly, the natural gas required to generate 1 MWh of electrical power is 9,689,987 MWh/107,675 MMSCF x 1.037 = 11.52 MWh/MMBtu, using a conversion factor of one thousand cubic feet of natural gas being equivalent to 1.037 MMBtu of natural gas [47]. Therefore, the generation 1 MWh of electricity requires 11.52 MMBtu of natural gas."
https://www.sciencedirect.com/science/article/pii/S2666955221000605
So 20MW would need: 9,689,987 MWh/107,675 MMSCF x 24h x 20MW = 43,196 MMSCFD
ARA/Aminex GSA
Key terms of the GSA include:
The GSA will continue until the earlier of the expiry or termination of the Ruvuma PSA or Development Licence or the cessation of economic production from the Ntorya Gas Field;
The Daily Contract Quantity ("DCQ") for the first Contract Year is 40 MMscfd.
Not specific to AEX, but applies to all of your UK small and midcap investments. We need the global investment market to buy our UK stocks if we are to achieve the investment returns we hope for, but for a long time the money has been flowing out of the UK market instead of into it.
"Patrick Hosking’s article in The Times on our report highlighting Coutts’ move to globalise its portfolios. Nothing wrong with their move in terms of their investors, but reflects the damage that outflows are having on the UK market and particularly on the Small & Midcap sector. Time for gov/regulators to activate measures to foster UK investment for UK companies before it is too late."
https://www.linkedin.com/posts/charles-hall-38a5b015_coutts-to-shift-2bn-of-client-money-from-activity-7192059382921089024-BJHd
Not specific to QED, but applies to all of your UK small and midcap investments. We need the global investment market to buy our UK stocks if we are to achieve the investment returns we hope for, but for a long time the money has been flowing out of the UK market instead of into it.
"Patrick Hosking’s article in The Times on our report highlighting Coutts’ move to globalise its portfolios. Nothing wrong with their move in terms of their investors, but reflects the damage that outflows are having on the UK market and particularly on the Small & Midcap sector. Time for gov/regulators to activate measures to foster UK investment for UK companies before it is too late."
https://www.linkedin.com/posts/charles-hall-38a5b015_coutts-to-shift-2bn-of-client-money-from-activity-7192059382921089024-BJHd