Afc Energy Share Discussion Threads

[haggismchaggis] 10/6/2024 19:27

This will be back above 20p in no time.
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The cash wasn't needed.
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AFC Energy were not desperate for cash, they had enough in the bank for a year, plus the profit on all the sales this year.
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The cash is to ACCELLERATE the Fuel Cells AND the Ammonia Cracker, so it is a GOOD NEWS fund raise not a bad news one.
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I just see it as an opportunity, because there was no way it was going back below 20p unless they did a fund raise below it.
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So make the most of it, as I expect a lot of others will, maybe even Helikon, as it will be their last chance to close out on a dip too.
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Once the placing cash is in the bag, the ii's may well load up, seeing it as their last chance at the price too, as the Open Offer cash is not even needed, it's just AFC being nice to retail investors by letting them buy the stock at the discount if they want to.
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For those that did not scroll down and read the full RNS:
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In both the Fuel Cell and Fuel Processing segments, the Company believes it is well positioned to build on the prior three years of investment in technology, commercial readiness and manufacturing scale up, to now accelerate time to market for both its technology platforms. In addition, there is a potential first mover advantage to be exploited in its respective markets and so time to market is critical, underpinning the Company's decision to review its financing activities.
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The net proceeds of the Placing and Subscription will be utilised to capitalise on the Company's existing commercial routes to market for its H-Power generators (specifically the roll out of initial orders from Speedy Hydrogen Solutions and TAMGO) and to support commercial development.
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Use of proceeds:
· Investment in H-Power 30kW generators - rollout of initial Speedy Hydrogen Solutions' orders and, when placed, TAMGO orders;
· Investment in production equipment to support manufacturing scale up;
· Investment in Speedy Hire Joint Venture (Speedy Hydrogen Solutions); and
· Commercial development and corporate overheads.
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Any proceeds from the REX Retail Offer will be used for general corporate purposes.

[hugotanha] 10/6/2024 19:21

17p fair price by end of the week?

[hugotanha] 10/6/2024 19:19

Yeah, you buy more, good job buddy

[wuzy] 10/6/2024 19:18

Probably not you ,idiot

[hugotanha] 10/6/2024 19:18

Mr. Jolly, I hope you made a few quids

[hugotanha] 10/6/2024 19:15

Who made money today?

[1collijo] 10/6/2024 19:02

What would be the point in offering 15p to investors if the price was heading there ? I would say it is the opposite. It’s an incentive to buy more shares at a lower price before it heads north.

[ivyhedge] 10/6/2024 19:02

Not too happy I must say as I didnt expect it (see my previous post). BUT I have sold quite a few over last few weeks between 19-25p to invest elsewhere. Seems like a well thought out plot and they are not limiting how much you can invest (sort of). Will go with the offer and see where it takes us.

[vatnabrekk] 10/6/2024 19:01

It must be good news. They need more money quickly to build more generators.

[yellowf123] 10/6/2024 18:56

Well there you have it folks.
More cash needed to support AB's pay rise.
@McHaggis,
You did say they were funded until 2025.
Not doing very well are you with forecasting, you couldn't be more wrong.
But then your agenda may always have been to pump others into buying into this dog?.

[erin13] 10/6/2024 18:50

Hargreaves Lansdown

[1collijo] 10/6/2024 18:48

What does HL mean ??

[timbo_slice] 10/6/2024 18:45

15 pence I'd think ...

[haggismchaggis] 10/6/2024 18:29

Someone clearly KNEW this was coming, selling 100,000 blocks all day, they should be locked up for insider dealing.

[haggismchaggis] 10/6/2024 18:28

In both the Fuel Cell and Fuel Processing segments, the Company believes it is well positioned to build on the prior three years of investment in technology, commercial readiness and manufacturing scale up, to now accelerate time to market for both its technology platforms. In addition, there is a potential first mover advantage to be exploited in its respective markets and so time to market is critical, underpinning the Company's decision to review its financing activities.



The net proceeds of the Placing and Subscription will be utilised to capitalise on the Company's existing commercial routes to market for its H-Power generators (specifically the roll out of initial orders from Speedy Hydrogen Solutions and TAMGO) and to support commercial development.



Use of proceeds:



· Investment in H-Power 30kW generators - rollout of initial Speedy Hydrogen Solutions' orders and, when placed, TAMGO orders;

· Investment in production equipment to support manufacturing scale up;

· Investment in Speedy Hire Joint Venture (Speedy Hydrogen Solutions); and

· Commercial development and corporate overheads.



Any proceeds from the REX Retail Offer will be used for general corporate purposes.

[pj84] 10/6/2024 18:24

Must be working through shareholders as I got one email from HL at 17.36 for one account and a second one at 17.45 for a different account. For HL you need to give instructions by 4pm tomorrow. I expect to see the share price fall further when the market opens tomorrow.

[zingaro] 10/6/2024 18:15

Yes, email today at 5pm from HL.

[contact2fsnetcouk] 10/6/2024 18:12

Zingaro,

Did that offer come through today? I hadn't seen it and having seen your message went straight to my account and booked a few from the cash in my ISA.

Thank you

[zingaro] 10/6/2024 18:01

Message on my HL account at 5pm. I have to decide whether to take up the retail offer @15p or not, and how many. Otherwise it will lapse tomorrow. Perhaps explains the drop today.

[timbo_slice] 10/6/2024 17:23

Next few days...

[yellowf123] 10/6/2024 16:20

For the record, I said the smart money.
I am not smart enough to sell at 24p. In any case my average is quite a bit higher.
As I am still invested here I will comment as I feel fit to do so thanks.
As for negativity, AFC has that in abundance you need only to read the other BB's

[grinley boy] 10/6/2024 15:32

So you executed your sale at 24p as you are apparently super smart by the way you lord over this board at any whiff of negativity... If so f-off and leave us alone and enjoy your profits, if not then you are losing money so should be upset not happy which is your tone...

[yellowf123] 10/6/2024 15:08

Looks like the smart money exited at 24p.

@McHaggis,
Are we still waiting for that buying fever from the Capital Markets Event?.
I guess your not humble enough to admit you got that wrong.

[skinny] 10/6/2024 13:44

May be of interest :-