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1. The world's most efficient 99.99% Hydrogen cracker technology , proven & in the process now of being Modulerised to replace the wolrds existing Dirty Diesal engine's. This Technology if Afc has a infinite number of other applications. This alone is going to bring in a massive increase in Revenues for Afc.
2. £1.4 million of deferred revenue from last year to be recognised this year end.
3. Other Revenues increasing all the time.
4. Revenue from supplying the Hydrogen oroduced by our Cracker Technology supplying numerous & increasing customers every week.
5. Contract with Tamgo yo supply construction equipment in Saudi Arabia & 16 other countries in the Middle East & North Africa ( This will be a massive revenue increase for Afc on its own. The NEOM project alone in Saudi is of a phenominal size.
6. Speedy Hire joint venture will also see a massive revenue increase from new & existing customers already Trialing our equipment Speedy Hire have already stated the intrest from their customers for Afc energys Equipment is huge.
7. ABB, another one of our long term partners covering EV chargers, shipping, data centres rtc will shortly be announcing an update on the next stage for orders etc.
8. Acciona another important partner that's been successfully Trialing & ordering our Equipment!
9. Numerous other customers & increasing genuine intrest.
Things are looking fantastic for the near future of AFC ENERGY & I'm sure everyone will be very pleased with further news released during 2024 & 2025.
Point and counter point.
1. The world's most efficient 99.99% Hydrogen cracker technology , proven & in the process now of being Modulerised to replace the wolrds existing Dirty Diesal engine's. This Technology if Afc has a infinite number of other applications. This alone is going to bring in a massive increase in Revenues for Afc.
Not a product yet, though, is it? like so many other "next big things"
2. £1.4 million of deferred revenue from last year to be recognised this year end.
Do you actually know what deferred income is? It's money you've received for which the work hasn't been done. Do you not think that there will be a cost associated with recognising the £1.4M which may well be more than the £1.4M....This isn't a positive, but a negative.
3. Other Revenues increasing all the time.
Mostly grants, though, as opposed top actual trading income. More like a charity than a commercial operation.
4. Revenue from supplying the Hydrogen oroduced by our Cracker Technology supplying numerous & increasing customers every week.
The cracker isn't commercially viable yet (but that little fact never stops people waxing lyrical about the fuel cell that its/y viable either)
5. Contract with Tamgo yo supply construction equipment in Saudi Arabia & 16 other countries in the Middle East & North Africa ( This will be a massive revenue increase for Afc on its own. The NEOM project alone in Saudi is of a phenominal size.
It's not a contract for supply of anything, it's an agency agreement with no tie in.
6. Speedy Hire joint venture will also see a massive revenue increase from new & existing customers already Trialing our equipment Speedy Hire have already stated the intrest from their customers for Afc energys Equipment is huge.
But they would say that, wouldn't they, because they are trying to hire some of the units out to effect the greenwash. Let's not get carried away, how many units are / have been out on trial? not many, and what have we got so far? 800 hours lease....
7. ABB, another one of our long term partners covering EV chargers, shipping, data centres rtc will shortly be announcing an update on the next stage for orders etc.
50% discount anyone?
8. Acciona another important partner that's been successfully Trialing & ordering our Equipment!
Have they ordred though? they've had long enough to decide whether it's a goer or not
9. Numerous other customers & increasing genuine intrest.
50 or so qualified leads possibly?
Things are looking fantastic for the near future of AFC ENERGY & I'm sure everyone will be very pleased with further news released during 2024 & 2025.
Things are looking fantastic for AB's bank account, and I'm sure he will be very pleased during 24 & 25
Well Gitfinger, When we get the updates from AFC shortly we will see who's predictions are correct, yours or mine.
I think we should have a board vote to see who agrees with me or who agrees with you !
Construct
No need for a board vote, the answer is obvious! The Uber denialist rose tinted spec merchants will make sure that they massively outnumber anyone who may just possibly get the vibe that the Emperor is indeed butt naked
I'm not at all confident, simply because like everything this company does, anything pit into the public domain is so ambiguous that it can be interpreted exactly how you want, so if you are of a delusional mind, then you will read that all is good, but if you are of a more sceptical disposition, then there could be a completely different interpretation.
All I know is that the company needs to be seen to be selling product at a margin sufficient to make the thing a sustainable entity, and until I see hard evidence of actual commercial sales, then I will remain unconvinced that this is anything other than some well paying vanity project for certain individuals.
Then pretend to sell up your imaginary shares and do one!
Git, you’re a factor of 10 out, it was 8000hrs of power tower rental, that is likely to be the only actual commercial revenue for all of last year.
In other news, it seems Speedy got what they wanted out of the partnership without even hiring a unit out !
We are delighted to announce that Speedy has achieved a CDP A- score for carbon reduction, an improvement from our score last year, which was a B. This demonstrates our commitment, transparency, and performance on climate change. 🥳🌍
Commitment to meaningful and measurable environmental action is more critical than ever, which is why Speedy disclosed through CDP in 2023. Along with 23,000+ companies, we are harnessing the power of our data through transparency and accountability to set a course to a sustainable future. 🟢
Hasn’t anyone sussed it yet? All this company does is act as an accomplice for anyone who wants to do a bit of greenwashing.
“Ok, chaps, we need to do a bit of greenwashing to make it look like we’re into all this eco twaddle, any ideas? Well, yes sir, we could always take one of those AFC amazing towers of power on loan and pretend to be trialling it, it won’t cost anything because they will be so desperate to show that someone might actually be interested in it that we can more or less have it for free….and we get free PR into the bargain because they will be dead keen to show the world that were involved….free greenwashing and free PR all in one hit”
No brainier really….
While AFC are busy helping companies greenwashing they’ve also done a great job brainwashing you too. You still can’t see that genuine investors that have been here over 10 years are starting to get a teeny weeny bit peed off that there is STILL zero commercial traction. Anyway, AFC have less than 5 months to deliver the first £2.7m of power towers to Speedy, that’s a hell of a lot of towers, the 3 or 4 you see in the warehouse isn’t going to cut it. Where are they being built ? There is no mass manufacturing agreement and even if they did there wouldn’t be time to make them all.
The 30kw system and the 200kw S+ and the methanol fuel tower are still showing as coming soon, not listed as available to buy now, are AFC not confident enough to take orders for them ? Why aren’t they taking orders ? If I placed an order for 10 x 200kw systems by the time all the materials were procured and delivered the first system would have got CE approval.
Daz,
Tell me, is Acciona part of this conspiracy? All the corporate investors, Fidelity, Henderson, AXA too? - they make regular site visits ask questions directly - are they in on it too?
The longer this goes on without any sign of commercial traction cements my view that all is not what it seems at AFC. Unless they start bringing in significant revenue soon, this joke of a company will cease to exist.
Point 1 = Garonne... Cease to exsist, are you mad ? Plenty of money in the bank & No debt, your statements are a joke !
Point 2. = Daz..... Has stated in the investor meets company Video ; will be delivered in 2023 followed by CE marking. Daz you are full of it. Has you well know & has stated by Adam " followed by CE Marking which is measured in months".
So both of you kindly stop spouting you crap !
Garonne,
It’s a company with a net cash pile of £31m. Why would it cease to exist at this point in time. 5 brokers rating it as buy or strong buy.
There's a simple answer Garonne. SELL! Taking a loss can sometimes be the best investment decision you can make