Afc Energy Share Discussion Threads

[haggismchaggis] 26/3/2024 09:49

£17.5m for 12 months is £1,458,333 per month.£27.4m closing cash position is 18 months and 3 weeks cash.From 31 October 2023 that is enough cash to last to the third week of May 2025

[skinny] 26/3/2024 09:34

For info - there is a short tracker link in the header.

[grinley boy] 26/3/2024 09:30

They still have the large short open, they should be afraid! https://shorttracker.co.uk/company/GB00B18S7B29/

[wuzy] 26/3/2024 09:12

Up by end of trading.

[skinny] 26/3/2024 08:55

Yes - a repost of this post from last week :-

The significance of the Helikon short is that in July 2023 they increased from 0.51% to the current 2.21% at some way below the current share price - so I'd like to think they are squirming :-)

[bmel] 26/3/2024 08:51

More likely it is our shorters who are determined to hold it down. They have a lot to lose.

[beeezzz] 26/3/2024 08:48

Investor meeting tomorrow starting 14:00 GMT

[jimmynan] 26/3/2024 08:47

Don't think lipstick would suit you yellow.

[bmel] 26/3/2024 08:47

Yellow123

What does Constructivenews on LSE say today?

Oh dear you now seem to have earned the status of, what’s the word, oh yes proven teller of lies. Does that qualify as ‘jam today’?

[ivyhedge] 26/3/2024 08:39

Having read the report I see a reason for optimism. I will hold onto my shares and as the year progresses I think we will see a company going forward. The Hydrogen economy is slow to build but it will go forward and AFC is well placed.

[yellowf123] 26/3/2024 08:29

Lipstick on a pig..

[vatnabrekk] 26/3/2024 08:26

The market seems determined to keep this down around the 20 mark.

[wuzy] 26/3/2024 08:21

Ello ello full quota of muppets now.

[yellowf123] 26/3/2024 08:16

Jam tomorrow anyone?.
Dilution by EOY.
£200k revenue.
Selloff expected based on those happy notes...

[haggismchaggis] 26/3/2024 07:37

"newly announced international dealerships during 2024"

[haggismchaggis] 26/3/2024 07:31

Adam Bond, Chief Executive of AFC Energy, said:"Validation of (i) our H-Power Generator business model, (ii) customer demand, (iii) technology and (iv) route to market were all key aims of 2023.  Twelve months later, our contracted order book, multiple routes to market and successful product deployments highlight the tangible successes achieved by AFC Energy over the year.     Never before has customer pull to displace diesel generators been stronger, driven by Government policy, tendering requirements, carbon reduction commitments and emissions based regulations.  Together with our new distribution partners, including Speedy Hire and TAMGO, we are confident of the Company's robust commercialisation strategy.  We continue to target further capital cost reductions, manufacturing scale up partners and newly announced international dealerships during 2024, giving us confidence in delivering contracted customer deployments and revenue growth. Together with our fuel processing division's market leading modular ammonia cracking technology and the partners we are currently in discussion with who have expressed interest in the technology, we continue to believe the true value of this technology platform is not yet reflected in the Company's value and as a Board, we are reviewing options to capitalise on this unrealised value.We are well placed to build on the foundations set in 2023 and look forward to the successful deliveries of our new H-Power Generators into the hands of customers throughout the remainder of the 2024 calendar year."   

[skinny] 26/3/2024 07:02

Highlights:



· 2023 strategy focussed on market penetration with key agreements signed to expand distribution channels for the fuel cell division, resulting in a £27m orderbook[1] for 30kW S Series H-Power Generators and ancillary equipment



· Signed first Heads of Terms with Speedy Hire for the formation of Speedy Hydrogen Solutions

o 50:50 joint venture with AFC Energy executed after year end

o Initial order commitment of £2.0m with first year projected orders of £4.7m



· Signed exclusive distribution agreement with TAMGO, an entity wholly owned by the Zahid Group, focussed on key markets in Saudi Arabia, the Middle East and Northern Africa (MENA) region



· Signed first order from Acciona for 30kW H-Power Generator and 45kWh battery energy storage system following successful H-Power Tower trial in 2023



· Modest revenue of £0.2m (2022: £0.6m) due to focus on market penetration which led to material growth in current customer orderbook

o 200kW S+ Series generator (ABB) deferred revenue of £1.4m (2022: £1.6m)

o Loss after tax of £17.5m (2022: £16.4m)



· Receipt of first S+ Series fuel cell stacks from 3rd party contract manufacturer for ABB's initial 200kW H-Power Generator



· Completed strategic supplier qualification for all key H-Power Generator components - positioning for scale up with each selected on ability to deliver +1,000 generators worth of components per annum



· Significant qualifying R&D investment in 2023 of £8.5m (2022: £9.0m), with £4.1m R&D tax credits received (2022: £0.5m)



· Engineered and built world's largest modular ammonia cracker currently in operation (commissioned December 2023)



· Grant award of £4.3m from the UK Government under its red diesel scheme which aims to displace diesel in the construction, quarrying and mining sectors



· Strong balance sheet with £27.4m of cash at period end (2022: £40.2m)



Post Period Developments

· Completed design and engineering on 30kW H-Power Generator, with successful Factory Acceptance Testing complete



· S Series fuel cell operation cost reductions achieved

o Reduced £/kW capital cost of H-Power Generator by 50% since 2023 H-Power Tower

o Achieved 16% improvement in fuel efficiency, which will drive material savings for customers' total cost of ownership versus prior year measurement



· Company's first third party Attestation of Conformity for CE Mark from TUV SUD for 30kW H-Power Generator



· Next generation ammonia cracker on test and delivering material improvements in performance



Outlook



· 2024 is focussed on delivery. Targeting sales to Speedy Hydrogen Solutions and Acciona initially to meet growth in UK and European construction demand

o First customer hires through Speedy Hydrogen Solutions

o Delivery of first 50kVA H-Power Generator to Acciona



· Receipt and delivery of first orders from TAMGO to meet the accelerated growth in Saudi offgrid power demand



· 200kW S+ Series generator, part funded by ABB, currently in build and test phase with first operation targeted for H1 2024



· Confirmation of manufacturing partners for scaled H-Power production



· Ammonia cracker validation and announcement of first development and deployment partners


[1] As at the date of publication, comprising committed and uncommitted elements within existing contracts




more......

[wuzy] 25/3/2024 09:40

I see the other idiot has turned up.

[bmel] 24/3/2024 12:05

I have just read through the entire LSE posting history for Constructivenews and can find no such post.

What is the post date and time so I can check again.

It is also not at all in line with his posting style as he is highly positive on AFC and frequently posts very critically of the LSE AFC bashers Daz, Ade, Garonne, their posting being exactly in line with yours, Pointless, factless, meaningless waste of time.

[wuzy] 23/3/2024 22:58

Once again ,once an idiot always an idiot.

[yellowf123] 23/3/2024 18:40

Just read one of the best posts ever on LSE AFC Chat.
The following refers to Haggis, AKA Stockcheque, Constructionews.

"McStock.
You are truly the most dangerous poster on this board by a long way. You do not “Ramp” in the traditional sense, but you continual barrage of overly positive spun up drivel ultimately has the same effect. Case in point your recent post stating that AFC have indeed made sales of £2 M….yes, this is true, but no one knows the terms of the sale agreement. We don’t know unit price or margin achievable per unit, whether the £2 M is going to be paid in cash, or “in kind” (AFC’S favoured method of disguising a giveaway, as with the amazing tower of power tests) or whether there may be a share subscription sweetener as per ABB….surely given the lack of detail surrounding the deal, an element of circumspection would be appropriate, but no, not in your world, it’s straight in with the Uber positive spin as per usual…..my belief is that you are not a genuine shareholder, but simply a mouthpiece for someone looking to make margin out of artificially induced volatility…."

[yellowf123] 23/3/2024 14:54

Vile jimmynan and his minions are on good form today.
Did you ever live in Purley jimmynan?.:)
On a more serious note, so much emphasis has been demonstrated by AB about Speedyhire but it's just a distraction from failure to progress with ABB.

hxxps://new.abb.com/marine/systems-and-solutions/electric-solutions/fuel-cell

ABB have a solution for Marine applications and stationary power with Ballard.
It would be interesting to know why after evaluating AFC and actually buying shares (that have lost 2/3rd of their value since purchase)?.

[daleyintoeurope] 23/3/2024 10:36

Used to go by the name of Whatifindsikeeps on LSE.Couldn't keep that job though LOL