Member Info for TwoCents

This company is a bit high risk for me, but I've bought shares purely because the CEO and Chairman put ~ £164k each of their own money into this at 3.00p recently. Even if you're worth a bit that's a lot of money - so I'm sure they're confident their money is safe here.

According to the FXPO Share Trades part of this site there were around £600k worth of buys after market close, and the price didn't move. Can someone explain how this works?

The prices are not really comparable yet - for 'slow' AC charging those airport chargers are quoting 10.8p/kWh, and the 'rapid' (although these are only 50kW) charging at £6.00/30 mins works out at 24p/kWh plus a £1.20 connection fee (so for 50kWh for example this connection fee would only add 2.4p/kWh onto the rate). The 30p/kWh AFC figure will only be for the slow AC charging, and it will be interesting to see what the AFC rapid DC charging cost will be, because although for most charge systems this costs more because of the need to have large transformers, rectifiers and what not, the AFC fuel cell will be already producing DC, so the cost increase might not be so much? Who knows - I'm just guessing at this stage.

Dark Knight, maybe because the ex CEO and largest shareholder was not as romantic as his name might suggest! His connection to the company has added an element of risk that has put a few investors off I'd guess.

Are any chartists out there worried about slipping below the support level?

13thmonkey, the upper limit of AC power that an EV can take is not 7.7kW - it is limited by the car's own onboard charger. Early Tesla's (like that white one at the AFC launch the other day) had an onboard charger that could take up to 22kW AC, but current models can only take up to 16.5kW AC. A Nissan Leaf can only take 6.6kW AC I think. They all can obviously take a lot more DC, but this is limited by the car too. Tesla Model S and X top out at 120kW DC, whereas the Model 3 can take up to 250kW DC, and the Porsche Taycan can take 270kW DC.

Mucksy, I just did some calculations and in order to match the 400kW AFC system you would need about 2000 sqm of panels - but that is while the sun is shining in the middle of the day, so you're going to need a lot more to give a buffer for when the sun's not shining to recharge your batteries.

It might be about to "break out" - better get some more!

Nickel_Investor you think a bounce is on the cards around this level?

Sp sinking today...we need something to regain the momentum.

...that something is called 'buys'!

We just had an electrician install an EV charger at our home, and he was telling me he's just installed some EV chargers at our local hydro power station (I'm not in UK), for their managers who drive between hydro power stations to plug in their new Hyundai EV's. This got me thinking about companies that produce hydrogen as a by-product (such as chlorine production), who could install an AFC H2 EV Charger and power their roving managers EV's with their excess hydrogen, gaining some good 'green' PR in the process!

I think another contributing factor in the price drop could have been sellers that held off selling until today, knowing this shareholder day was in the calendar and hoping for an upswing to sell their shares into.

Can anyone explain why this website has the closing share price at 19.90, when my broker's website plus Google have it at 19.50? This is not the first time I've noticed this with AFC.

Over the last two weeks the chart for AFC has had some nice consolidation and built a strong platform to launch from with the next lot of positive news - you'd have to be a Bmac not to see it.

I reckon they'll release an RNS on the morning of the shareholder day

Yes Bmac, new vehicle sales is what I meant, as you figured out - no need to get snarky about it. You seem to be the type that never gets anything wrong, and is always right, am I correct? Oh wait no, except for your short or CFD or whatever mistake you made when AFC was 10p.

Full EV's and plug-in hybrids are due to hit 50% this year in Norway, and they are climbing rapidly. With Norway's average vehicle age at 10.5 years, it won't take long before Bmac's 7% ('rounded' from 7.8%) is a significantly higher number.

https://cleantechnica.com/2019/08/18/ev-tippin-point-in-norway/

RiskyBusiness1, EV's used to have different plugs from different manufacturers, but Europe is leading the charge (excuse the pun) and have made insisted on a standard EV plug which is the Type 2 CCS, which is essentially one plug does all (Type 2 for the AC 'slow' connection, and CCS for the DC 'fast' charge connection). We in Aus/NZ have followed Europe with this standard, although we have a lot of Japanese used import cars, which have CHAdeMO connections (the Japanese plug), therefore all our DC fast chargers have both Type 2 CCS and CHAdeMO available, but all 'slow' AC plugs are now Type 2 only.

Bmac, you have cut and pasted your previous posts and regurgitated the same arguments at least TWELVE TIMES! Within that time and in between each post your arguments have been rebutted and debunked on several occasions by many different long term investors on here who have been following all the news and information available regarding AFC over YEARS, not just one month as you have been following (or haven't been, as can be ascertained from your posts).

To play your same game back at you, I am cutting and pasting one of your posts on another stock, which most will find ironic that we can substitute 'AFC' and 'Bmac' for the names and descriptions used in your quote:

"If you can see the potential here and ignore all the ’industrial challenges’ crap from our resident aggravator then today’s sp is still a bargain with a X2 potential from here in the short term. Meanwhile "*****" continues it’s upward journey unperturbed by those pesky ‘industry headwinds’."

All the best, TwoCents

Does any shareholder going on the 6th Dec have an EV? It would be quite cool to charge a shareholder's EV on the day. I hope it doesn't just have that BMW i8 plugged in again - i8's have a puny battery less than 10% the size of my EV.