Afc Energy Share Discussion Threads

[skinny] 23/7/2024 08:30

Well, Gary Bullard certainly has some miles on the clock!

[bmel] 23/7/2024 08:29

Vatna - Just random word generators.

[1347] 23/7/2024 08:28

Another set of apalling results, another useless jam tomorrow British company, raised £89 m in the last 5 years, accumulated losses over £100 m, still generating less than £1 m in revenue. Finally they've forced the useless CEO out (whatever they say, that's the reality), now that he's lined his pockets he's being transported back to convict island where he belongs.

[vatnabrekk] 23/7/2024 08:27

Derampers are here.

[hugotanha] 23/7/2024 08:22

Personally, I won't be surprised if I see 0.1p by the end of the year.

[hugotanha] 23/7/2024 08:20

Dilution is next, the new CEO needs money for his expensive holidays , car, house...etc etc you name it

[hugotanha] 23/7/2024 08:19

Sell before AB, he's gunna cash his shares soon or later , millions of pounds.

[hugotanha] 23/7/2024 08:17

Sell sell sell sell

[backmarker] 23/7/2024 08:08

There are a lot of early trades and it is not all one way. More selling but some sizeable buys as well. Sounds like Bond going is viewed favourably.So we look forward to AFC Unleashed ?

[backmarker] 23/7/2024 07:43

It looks like they have enough cash in hand at present to fund a continued burn rate of £16M a year, or better for working capital for manufacturing of equipment for sale.So it all depends on how quickly they can build profitable sales.The other big question is will Bond quitting leave a hole ?

[yellowf123] 23/7/2024 07:43

Well there you have it folks.
AB finally kicked out, way overdue.
£400k only in sales for 1st half 2024. Shockingly bad.
Nowhere near the £6M full year results expected by analysts.
Bond's legacy of deceit will way down on this company for years to come, we may now see if AFC really is just an empty box or not?.
Expect <10p per share in the next few months as the hidden lies become exposed.

[amt] 23/7/2024 07:35

About 2 years worth of cash remaining

[folderboy] 23/7/2024 07:15

Oh and we will just slip the interims out . . .

[skinny] 23/7/2024 07:00

AFC Energy (AIM:AFC), a leading provider of hydrogen power generation technologies, announces that Adam Bond advised the Board on 22 July 2024 of his decision to step down from his role as CEO in order to return to Australia and his family after 10 years in the UK with the Company.

Adam is committed to supporting an orderly transition over the coming months, and the Company will immediately commission an external search firm to identify a successor with proven capability of scaling-up similar businesses.

During this transitionary period, AFC Energy will continue to benefit from Adam's experience and contacts in the industry to support the appointment of a successor. In addition, Gary Bullard, the current non-Executive Chairman, will take on the role of Executive Chairman until a successor CEO is in place.

Gary has nearly 20 years' experience on the boards of successful UK-based industrial technology companies, including Chloride plc, Rotork plc, Spirent plc and Gooch & Housego plc.

[hugotanha] 22/7/2024 19:49

If you know, you know

[hugotanha] 22/7/2024 19:49

Realistically, even 7p is a good price for now

[hugotanha] 22/7/2024 19:48

@haggismchaggis

[yellowf123] 22/7/2024 19:20

Another Big selloff day.
That 1.1M shares sold at EOD, way below daily average doest bode well for tomorrow start.
Someone clearly offloading before 1/2 year results are announced.
With such a rosey future ahead of us why are investors desperate to sell?.

[beeezzz] 22/7/2024 19:10

Human nature I suppose...

I would assume if they are gearing up production then more orders could be in the pipeline soon, lets hope so..

[vatnabrekk] 22/7/2024 18:42

Why does that make you so happy Hugo?
Each to his own, I suppose!

[hugotanha] 22/7/2024 18:35

12% down in a month ?

[jimmynan] 22/7/2024 17:13

How can you speak so negatively of a genuine shareholder lololololol