Afc Energy Share Discussion Threads

[simon_64] 08/4/2011 15:58

beeezzz

I would like to know your reasoning as well ?

[beeezzz] 08/4/2011 11:34

That's because they don't want it to go into FTSE AIM-100, they keeping below £100m MCap

[al h] 08/4/2011 10:42

Any chance of that in English ccr ?

[ccr1958] 08/4/2011 10:35

This comp .get pretty good news goes op 40% and then drifts, every time. The good news is still in built ??? C.

[beeezzz] 07/4/2011 11:09

I think the market is reluctant to buy into any fuel cell company, until they actually get one out in the field is proven to efficient cost effective and reliable.

I can quite understand some people scepticism, many companies around the world are working on fuel cell technology, yet they are either too expensive, not very efficient or unreliable due to high temperatures. i.e. CFU, CWR and ITM with an IPO of 50p and went to 350p, based on what hope, I imagine that somebody lost a packet on that one. Once bitten twice shy, so I'm hoping AFC succeed, nothing is certain in this world except one thing?.

I think the JLP deal is a good move, lots of companies organisations that could take advantage of this technology, Hospitals could be an ideal candidate they use huge amounts of electricity for lighting, heating usually 70 degrees all year round, plus they have a lot of waste food. It would also provide independent supply which could be vital in a disaster situation, also be far more efficient with no losses through transmission which is one thing few take into account.

[outfly] 07/4/2011 10:42

Wasn't looking

[smith99] 07/4/2011 10:10

and did the spread widen just before the drop ?

[outfly] 07/4/2011 09:11

Smith99, I couldn't have shot you down any sooner, it didn't drop too much until 8:24.

[smith99] 07/4/2011 08:55

I like the way you waited till 8:24 before shooting me down, thanks outfly.

Look, its just an indication of the level 2 order book at any given timeslot.

I still stand by my original statement, AFC has dropped so far today and the spread has doubled its width to 1p now.

What was the outcome of yesterdays meeting ?

[al h] 07/4/2011 08:29

Lack of decent news + plus uninspiring tech update.

[outfly] 07/4/2011 08:24

What went wrong today then!!!!!!!!!

[smith99] 06/4/2011 16:46

Honestly Simon, Watch any share before it goes north and you'll see the spread get smaller, mainly because the MMs dont mind buying yours for near to what its selling for as they know its going to rise.

On the other hand, look at any failing share and you will see the MMS will increase the width of the spread to give them negotiation room to trade them.

AFC's spread is currently 0.5p which is good for this share and indicates that it should go up tomorrow.

ALL IMHO

[simon_64] 06/4/2011 16:36

smith99

Disagree mate, just hearing what has come out of the meeting.

[smith99] 06/4/2011 15:59

simon_64> No it isnt mate, you want the spread to tighten, a wide spread keeps you locked in by the MM's

AL-H> Thanks mate, Ill take a look, I must admit I let my accountant get on with it as I am self employed but I will brush up on the finer points too, Thanks again

[simon_64] 06/4/2011 14:27

Always a good sign when they widen the spread.

[rovi57] 06/4/2011 14:23

Is this the lull before the storm?

[al h] 06/4/2011 14:18

Have a look at the CGT BB if you want to know more.

[matt123d] 06/4/2011 14:12

Al H,

Don't tell me you actually have CGT to pay. Thought you'd just have losses to carry forward!

[beeezzz] 06/4/2011 14:09

Some positive comments by the company, as always it's about having patience, one of the trouble with R&D companies in this country is they have to work on shoe string in terms of finance, which means things take a little longer, which is why we miss out sometimes on great inventions.

30 day rule was to alleviate Bed & Breakfasting to crystallise your CGT tax allowance, so they made it that you would only qualify for your allowance if you don't buy back within 30 days, don't take this as gospel, this is my understanding. There are more complexities like first in last out rule, sorry it goes on forever, that's Civil Servants for you nothing better to do.

[al h] 06/4/2011 13:57

You should already be aware of these rules when calculating CGT. Gets quite complicated if you trade a lot.

[smith99] 06/4/2011 13:48

AL->Nobody is selling for CGT unless they have no intention of buying back within 30 days (or don't understand the rules).

Please explain the 30 days part of that statement AL, or point me to a web site showing those rules. As far as I was aware CGT was applicable to any "Profits" etc within a particular year, after the 10,200 threshold.

Are there some exceptions then ?

[new tech] 06/4/2011 13:22

AFC Energy PLC
Technical Update
6th April 2011

AFC Energy plc, a world leading developer of low cost alkaline fuel cells, will be holding its Annual General Meeting today at 2pm. At the meeting, the Board will update on the technical developments of its alkaline fuel cells.

Following a positive independent review of AFC Energy's technology by the Centre for Process Innovation (CPI), the Company initiated work on its commercial fuel cell system in parallel with work on the development scale Alpha system. The Beta project involved a design reassessment of the entire fuel cell system.

The aim of the Beta project was to optimise performance, increase reliability and longevity, simplify operation, installation and servicing and minimise parts costs. This design work is now largely complete.

The technical focus is now about demonstrating the latest advances in the novel porous membrane in conjunction with new metal electrodes. These are incorporated in the commercial-scale Beta cells currently being built for proving trials at Dunsfold in the UK and with Akzo Nobel in Germany. It is anticipated that these Beta cells will be available in the second quarter of this year.

Laboratory trials for this new fuel cell architecture have delivered increased power output performance, significantly reduced parts count and improved both electrical current collection and catalyst support.

A recent meeting with Akzo Nobel agreed a strengthened basis of cooperation and AFC Energy now has the opportunity to submit new proposals for further structured tests with agreed rigorous system improvements to output and longevity.

In addition to the technical progress there have been very positive advances in the development of economic manufacturing processes. These include:

-- the potential to manufacture the electrodes at commercially viable rates with low capital requirements, and

-- a method for recovering and reusing cells to reduce replacement costs and lower environmental footprint of the fuel cell system.

Ed Wilson, Managing Director of AFC Energy, commented, "AFC Energy has a clearly defined route to delivering technically proven commercial products and looks forward to providing further technical updates as development milestones are reached."

[beeezzz] 06/4/2011 10:21

It's amazing you can have AIM shares in a SIPP, yet not allowed in an ISA due to the fact it's not a recognisable exchange, seems rather odd, I would have thought the other way round. matt I'd pick up few more, no funds, I'm overweight in these anyway so must be careful.

[matt123d] 06/4/2011 09:54

Picked a few more up at 65p