The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
The British Geological Survey (BGS) website says "There are over 2000 active mines and quarries in the UK producing a wide range of minerals including construction aggregates, building stone, coal and industrial minerals."
So yes, another excellent industry to be involved with now. Thanks Klunk!
Would constantly attacking Adam Bond be an example of ad hominem attack in that case?
Blaming one individual for the drop in the share price of an AIM company, during a period which included a very significant pandemic, war in Europe, high inflation and the threat of recession seems quite overly personal?
Might it be it’s our own investment strategies that’s are really the issue? Don’t stick more than 5% of your investments in one place is what advisers normally recommend isn’t it? If we take a bigger risk i.e. > 5% because we’re hoping for a bigger reward that’s our choice is it not? Not really anyone else to blame but ourselves if things don’t pan out, particularly if within a required timeframe?
Anyway, these recessionary macro events are common cues, in the cycle, for shorters to place their bets, particularly on AIM shares which generally don’t have much income, knowing they swing the odds in their favour, albeit temporarily whilst the economy readjusts. Bronte seemed to have timed it perfectly, others are quite possibly too late to the party looking at the recent price rises since July.
Of course no one actually knows what tomorrow will bring but inflation is slowing, interest rates seem to be levelling out and significantly more money is being pumped into the alternative energy system, globally. So the future is far more likely positive than pessimistic. Oil and gas, on the way out, will be gone before we know it. Like the shorters.
Most here believe AFC and Adam Bond have done well in the past year, securing trials, a government grant, starting joint ventures etc. and there are many other irons in the fire. So personally I’m optimistic, try to understand why others feel differently to an extent, but generally just have to agree to disagree on expectations if they’re the polar opposite.
They're more interested proving they can reduce their emissions, than the current cost. They'll let the economies of scale sort out the price for them.
As they state, Colas rail are looking to "power their sites more sustainably over the next few years".
They're committed to "delivering net zero by 2050, and a science based target carbon emissions reduction of 30% by 2030."
And "What they have proved here with the hydrogen has shown them how they can move move forwards to completely removing fossil fuels form their sites"
Additionally "another solution we've come up with on site which is really attacking a really difficult challenge to our industry is the remote electric vehicle charge point, which the hydrogen is plugged into. Now we know the electrification of our vans in particular is really difficult and challenging, particularly on some of our remote sites where we don't have access to mains electricity sources. This is now showing there is a potential future remote solution that would not be intermittent and could be connected to a hydrogen source to charge our electric vans as we transition to this further in the future"
"The combination of these solutions is projected to save us a significant amount of carbon over the eight week trial period"
"Well the main benefit of course of hydrogen fuel cells is that they produce zero emissions, so that is zero climate changing carbon dioxide and also zero nitrogen oxide, which is associated with air pollution and health challenges."
"It's the first time we've integrated our battery generated hybrid system with a hydrogen set up. We worked together with Colas and AFC and made sure everything worked harmoniously. "
"It's really, really great that people are being brave enough to try this stuff. Obviously the technology is very new and there's a cost associated to it but if we don't try this equipment, we'll never get used to using it, and we'll never be bale to scale up to be able to get this technology going."
Have a great weekend everyone.
Thanks for the link Klunk. Not just charging the site but also the electric vehicles to be used at the site. That's definitely going to plan and really good news.
There is a great deal to be optimistic about as you list Southerhay. I am certain most on this board are very much looking forward to the news over the next two months. The AFC team have obviously been working hard and smart in the background over the past three difficult years. All credit to them. Thank you for pointing out the positives, again.
TAMGO, Speedy Hire, ABB and UK Govt etc ... are the shortenators.
Let's hope!
17p 'barrier' cracked already today. Fair enough. Great expectations shortly?
Great to see AFC building on previous agreements. Previous agreements are being built on, remain in place and are not lost as is so regularly intimated. Well done Adam Bond and the team.
Good find Maifla, thank you. More encouraging contacts with the construction industry.
Incidentally four years ago today AFC's share price was 4.65 p. So not all doom and gloom.
Here's a basic summary of how AFC managed to get to the Speedy JV, just based on the more pertinent RNSs. Looks a well managed process by the AFC management team led by Alan Bond based on this timeline, especially given the exceptional challenges faced over the period.
2020
01.06.2020 Acciona collaboration to field test AFC fuel cell, summary 'planned deployment'
15.07.2020 Extreme E collaboration, to use an AFC fuel cell, summary ‘planned deployment’
2021
28.01.2021 Extreme E fuel cell unveiled, summary ‘developed’
21.09.2021 Extreme E mid-season update, summary ‘it works, powered race series and was a good marketing vehicle’
2022
02.02.2022 Extreme E 2022 season contract, summary ‘it still works and powered race series’
01.03.2022 Acciona agree to field deploy AFC hybrid fuel cell system, summary ‘planned deployment’
14.03.2022 Keltbray agree to lease first AFC hybrid fuel cell system, summary ‘planned deployment’
24.03.2022 New AFC hybrid fuel cell system (hydrogen and methanol), summary ‘planned deployment’
20.06.2022 Kier agree to deploy AFC fuel cell to UK construction site, summary ‘planned deployment’
11.07.2022 Mace Dragos agree to deploy AFC fuel cell to London UK construction site, summary ‘planned deployment’
03.10.2022 Acciona AFC Power Tower fuel cell deployment, summary ‘it works, one of first hydrogen zero emission deployment in in Europe’
07.11.2022 Acciona AFC fuel cell using methanol, summary ‘it works’
23.11.2022 Mace Dragos AFC fuel cell in use at Euston station, summary ‘it works’
2023
19.04.2023 Acciona lease of 50kVA H-Power Generator for six months, summary ‘Acciona believe system modularity ideal to replace diesel gensets’
26.07.2023 Government £4.8m grant awarded for Red Diesel Replacement programme, with partners, summary "after govt review of their product they have govt support for it"
28.07.2023 Speedy Hire Joint Venture, summary ‘initial delivery of 30kW H-Power Generators for hire, including for existing customers. Speedy Hire state system modularity ’
Good work!
Thank you StockCheque. You can similarly see via the FT site that Henderson own 24.66 million AFC shares, so are backing up their belief financially.
James Henderson wrote in the FT on the 3rd of August, in summary, that he believed there were many good companies in the UK, and the pessimism shown by UK investors was misplaced. He mentioned three exciting companies within his Henderson Opportunities Trust portfolio.
AFC was one of the three. The reason given was that after the tie up with Speedy AFC generators would be working away around the country within months.
You can find the article under the heading "Listening to investment’s old bears can have grisly consequences" but may need a subscription to see it.
Perhaps some real hedging is going on i.e. buying up stock to offset your short.
Filtering out this comedy gold would be a travesty. Absolutely hilarious.
Additionally, hedging seems to have acquired an updated definition i.e.: you make a loss against company A which you offset by making a second loss against company B.
Masters of the universe? Not really.
Noted: thanks for info; Helikon shorted ITM, the price shot up, they increased their short, hoping to recoup losses (?), and then promptly closed it completely as the bet headed south for them.
So ultimately their shorting of AFC is just a gamble that isn't paying off. As per their short against ITM.
They have no crystal ball, and any allusion to that is not credible.
The short was taken out on the 5th July when the share price was 12.64p.
The share price is currently 16p (give or take). That's a 26.5% rise.
I don't think that is how shorts are supposed to work, unless it's an attempt to reduce tax by incurring a loss.
As a bet this isn't working, for maintaining a lower buying price possibly.
The better news of the past three weeks is worth reflecting on. On average investors appear to be happy to pay above the low point of the 5th July, as indicated by the share price.
I remain an optimist for AFC too.
And from today's RNS welcome to our new Non Exec, Duncan Neale who is also on the board at 'Gresham House Energy Storage Fund plc. ' Apparently they invest in renewable energy infrastructure. Excellent.
They are probably desperately buying shares to cover their suddenly unpleasant position. All helps!
Year to date price change today:
Plug –21.26%
Ballard -7.61%
Proton -9%
Ceres -18.14%
ITM -23.32%
NEL -12.85%
Bloom -20.64%
AFC -11.41%
Hello Aandi, thank you for providing that. Your help is always welcome!