Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
B2. I will do you a deal. If if gets to £2 then I will give you 2 free tickets to the party and 2 shares!
Thanks, Newboy. Good spot. It looks like the UK government is actively involved with the Extreme E event, and possibly a lot more. The mind boggles at what AB will be up to in terms of meetings on his "jolly".
To think that some people doubted the significance of Extreme E all those months ago...
For the record, my guess is that the Department is actively helping AFC to meet movers and shakers globally and that, to address the issue of whether the tech can be trusted, the UK government plans to buy some fuel cells soon i.e. putting it's money where it's mouth is. Time will tell, as ever.
Don't forget to watch the video, which is copyrighted by the Department for International Trade in 2020 but shows the Extreme cars in the desert. Prize for guessing why a government department is actively promoting a British fuel cell company is a ticket to this £1 party!
Great to see the Department for International Trade tweeting about AFC. Remember that webinar in Africa AFC took part in a few weeks ago? I think something big is brewing...
https://twitter.com/tradegovuk/status/1378376974532509696?s=20
What's underneath the hood of @ExtremeELive
SUVs this weekend?
Batteries powered by @AFCEnergy technology.
See how UK hydrogen #tech is powering the race across the most remote corners of the planet to highlight global climate change challenges.Down pointing backhand index
#TogetherForOurPlanet
A great week and it would be even better if our German friends could stop their slight walking down of the SP on Tradegate and get back to the evening buying frenzy routine. A return to a Euro would be a very welcome start to the Easter weekend!
I didn't spot the date or the sticker so it does add to the theory that there is more than meets the eye!
Intriguingly, the page has been taken down from their website so I wonder that they are adding/removing. Maybe they weren't meant to put the stickers on until Altaaqa has bought a 20% share in AFC!
B2, I suspect that quite a few rich individuals/companies out in the desert in Saudi Arabia are thinking the same thing and asking their advisors to research AFC with a view to getting a slice of the action.
Ricardo, Mace, Altaaqa, Exteme E, Acciona, ABB and the list goes on, with broker targets of £1.91/£1.59, yet the MCap is far smaller than that of most of its peer in the UK, USA and elsewhere.
I couldn't believe that it fell below 70p in the first place, let alone below 40p as it did at one point, so my faith in the market will be restored if/when it gets above and stays above 70p again!
Given all the newsflow this year, there is more than enough upside yet to be priced in IMHO, with any more news adding to this...
Excellent communication and I particularly like the AFC fuel cell photo in the desert!
https://mobile.twitter.com/AFCEnergy/status/1377570146659794944
Today we’re delighted to sign an MoU with Altaaqa – one of the world’s largest rental fleet operators of mobile diesel power modules – as it seeks to promote a changed energy mix in the power rental industry in Saudi Arabia & the Middle East.
Jollygood!
Majid T. Zahid, Group President - Energy at Zahid Group, added:
"Today marks the beginning of a new partnership with AFC Energy, an industry leader in delivering clean electricity. We are confident that together we will be a significant player in our Kingdom's aim of becoming the world's leading hub in the production of green hydrogen and ammonia.
Zahid Group is fully aligned with our Kingdom's strategic vision for the future and across all our Group's companies we are demonstrating our belief in it."
It looks like AB's "jolly" to Saudi Arabia and the "distraction" of Extreme E have already paid for themselves! I sense that there may be a lot more to come.
Bingo!
For me, the key point is that, like Zeus, they have only considered some of the potential revenue avenues with the currently available technology i.e. global EV market and UK/Europe temporary power market. They then list the areas that have not yet been considered:
- HydroX-Cell(S)
- AlkaMem
- Ports & Maritime
- Rail
- Data Centres
There is so much potential here and, as I just wrote, it is bizarre that people would choose to fall for these treeshakes but each to their own.
DW, £1,91 was the Zeus value so the combination of that and the £1.59 from WH Ireland should help to bring some interest from institutions etc over the Extreme E broadcast etc.
Got into it. The actual note was written on 29th March although only released on Research Tree today, so that helps to explain some of the recent rise as it was 47.7p at the time. As they say themselves, there is still more upside from there, so it is strange that some people are still being spooked into selling in the low 60s!
"We raise our fair value estimate from 75p to 159p, bearing all of this in mind. We note that AFC Energy is primed for further potential upside."
A couple of people have flagged the impending new broker valuation from WH Ireland this week but the broker note only came out today on the Research Tree website. Annoyingly, my login is not working at the moment but it is a 20 page report and I hope to be able to access it later. Can anyone else confirm their new valuation which I believe is a lot higher than the old one?
It all makes me quite cynical about the drop back in the share price this morning, especially with Extreme E about to start and with ITM/CWR not seeing drops, and you could be forgiven for wondering if there are some orders being filled behind the scenes as part of a classic treeshake.
WHI Equity Research: AFC Energy (AFC) - Valuation upgrade reflecting potential of strategic partnerships and energy market dynamics
https://*********************/companies/uk/electrical-and-electronic-equipment/afc-energy-plc/research/whireland/whi-equity-research-afc-energy-afc-valuation-upgrade-reflecting-potential-of-strategic-partners/41_2021040104202892998
2,141,107 uncrossing trade at 62.4p! I wonder what Tradegate is going to do this evening....
So, after the wobble this morning:
FTSE: level
CWR: level (with no news)
ITM: level (with some good news today)
AFC: 5% down (with news yesterday that was largely chewed up and spat out)
At worst, AFC should be level and after the recent news it should, if anything, be blue. Maybe later!
Whatever the case, hopefully AFC will take the opportunity to put a lot more detail about their "exponential" growth in enquiries, numerous NDAs/MOUs and the reasons for the brokers' optimism. Clearly, they can't break confidentiality but it shouldn't be too much to ask to get a proper feel for what the company is hoping to achieve over the next year.