Afc Energy Share Discussion Threads

[mrphil] 11/6/2024 08:50

Skinny, same here although it looks like we are too late anyway!

[skinny] 11/6/2024 08:38

MRPhil - I'll probably sit on my hands this time - my average price is still below the offer price.

[skinny] 11/6/2024 08:37

"Major Shareholders" link (AIM 26) added to the header.

[yellowf123] 11/6/2024 08:31

Its the new 15p investors that have been mugged off also.
With H1 results around the corner we will all take another -ve hit to share price
It will be good to see AB burned with his purchase of shares at 15p though.

[haggismchaggis] 11/6/2024 08:30

The placing was OVERSUBSCRIBED..The Directors can't buy loads as it would look like they had done the placing to give themselves cheap stock!

[haggismchaggis] 11/6/2024 08:27

AFC DON'T NEED THE RETAIL OFFER MONEY..AFC WILL NOT DROP THE OFFER PRICE, STOP THE DELUSIONAL POSTS AND TAKE THE DEAL ... OR MISS OUT!!."Any proceeds from the REX Retail Offer will be used for general corporate purposes".IT IS NOT REQUIRED, IT IS JUST TO LET RETAIL INVESTORS TAKE PART. THEY GOT ALL THE CASH THEY NEED IN THE OVERSUBSCRIBED PLACING, DUH!!!!

[hugotanha] 11/6/2024 08:27

Short with no hasitation

[mrphil] 11/6/2024 08:26

Skinny, I might have been tempted to add but I would also like to have seen a bit more interest from the directors.

[hugotanha] 11/6/2024 08:26

Start saving money from now, takes a good year to see 7p. Plenty of time.

[hugotanha] 11/6/2024 08:25

Who's making money, BTW? Lol

[hugotanha] 11/6/2024 08:23

7p is the bottom

[takemetooz] 11/6/2024 08:13

Guess that's the bottom then, blinking hope so just added more!!

[yellowf123] 11/6/2024 08:12

A quote from that idiot haggisMchaggis.

"This will be back above 20p in no time.
.
The cash wasn't needed.
.
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.
.
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".

The guy should come with a wealth warning.lol

[amt] 11/6/2024 08:04

Yes and not s 40% discount.

[yellowf123] 11/6/2024 08:04

15p finish today folks, judging by Tradegate reaction.

[amt] 11/6/2024 08:04

Yes and not s 40% discount.

[amt] 11/6/2024 08:04

Yes and not s 40% discount.

[amt] 11/6/2024 08:04

Yes and not s 40% discount.

[skinny] 11/6/2024 07:38

I personally would have liked to see more skin in the game from the board.

[haggismchaggis] 11/6/2024 07:09

This will be back above 20p in no time..The cash wasn't needed..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..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..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..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..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...For those that did not scroll down and read the full RNS:.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.

[haggismchaggis] 11/6/2024 07:08

OVERSUBSCRIBED Placing and SubscriptionAFC Energy plc (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it has conditionally raised gross proceeds of £13.8 million by way of an oversubscribed placing (incorporating a Firm Placing and the Conditional Placing, together the "Placing") of New Ordinary Shares in the Company (the "Placing Shares") and a direct subscription with certain directors of the Company (the "Subscription Shares") (the "Subscription").Adam Bond, Chief Executive of AFC Energy, said:"We are pleased to announce the successful completion of our oversubscribed Placing and Subscription, subject to shareholder approval at the upcoming General Meeting. I would like to thank all our existing and new shareholders for supporting this raise and we welcome the participation of our retail investors through the REX Retail Offer. We look forward to reporting on the build out of our inventory and delivery of H-Power Generators into the field as we continue our drive to displace diesel generators and be at the forefront of the industry as the transition gains momentum."

[haggismchaggis] 11/6/2024 07:06

Oversubscribed Placing and SubscriptionAFC Energy plc (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it has conditionally raised gross proceeds of £13.8 million by way of an oversubscribed placing (incorporating a Firm Placing and the Conditional Placing, together the "Placing") of New Ordinary Shares in the Company (the "Placing Shares") and a direct subscription with certain directors of the Company (the "Subscription Shares") (the "Subscription").In addition to the Placing and Subscription, the Company has also announced a proposed financing on the "REX" platform to existing retail investors at the Issue Price (the "REX Retail Offer", together with the Placing and Subscription is the "Fundraising") to raise up to £2.0 million.The new Ordinary Shares to be allotted pursuant to the Fundraising are to be issued at an issue price of 15 pence per share (the "Issue Price").Details of the Placing and SubscriptionThe Company confirms that it has successfully placed a total of 91,279,000 Placing Shares at the Issue Price comprising 74,074,964 Firm Placing Shares and 17,204,036 Conditional Placing Shares, resulting in gross proceeds of £13.7 million. Gary Bullard, Adam Bond, Peter Dixon-Clarke and Monika Biddulph (together, the "Subscriber Directors") have agreed to subscribe for an aggregate of 666,666 Subscription Shares at the Issue Price, raising gross proceeds of £0.1 million.Adam Bond, Chief Executive of AFC Energy, said:"We are pleased to announce the successful completion of our oversubscribed Placing and Subscription, subject to shareholder approval at the upcoming General Meeting. I would like to thank all our existing and new shareholders for supporting this raise and we welcome the participation of our retail investors through the REX Retail Offer. We look forward to reporting on the build out of our inventory and delivery of H-Power Generators into the field as we continue our drive to displace diesel generators and be at the forefront of the industry as the transition gains momentum."

[skinny] 11/6/2024 07:01

Details of the Placing and Subscription

The Company confirms that it has successfully placed a total of 91,279,000 Placing Shares at the Issue Price comprising 74,074,964 Firm Placing Shares and 17,204,036 Conditional Placing Shares, resulting in gross proceeds of £13.7 million.

Gary Bullard, Adam Bond, Peter Dixon-Clarke and Monika Biddulph (together, the "Subscriber Directors") have agreed to subscribe for an aggregate of 666,666 Subscription Shares at the Issue Price, raising gross proceeds of £0.1 million.

Hmmmmm - So that's £100,000 between four of them.