Afc Energy Share Discussion Threads

[norbus] 12/2/2014 14:46

bz

from one who suffered the slings and arrows of R&D, I can relate to your pangs on Tempus Fugit. Ianous might disagree, RA might have a longer timefuse, but you are unlikely to see a turnaround within a year, whereas , you know who is just coming out of its dark ages and has put £8.5 m on the clock so far.I can see orders this year @£12m to effect break even, and gushers of cash flow coming on stream the year that follows.. It does not hurt to dream, does it? ..

[beeezzz] 12/2/2014 13:50

hol....And what do you base that on, they have certainly been working on shoe string, whether that is appropriate to take advantage of their technology is difficult to say, time is always against you as a listed company, the market always has the final verdict.

[holism] 12/2/2014 13:14

Beeeez- this looks a well run company operating within its means as it works towards commercialisation.Cash flow sufficient for the next 12 months so no reason to rush a fund raising. I accept this is a slow story bur new technology of this potential will take time, and thank goodness for that, otherwise others with more cash could catch up fast.

[beeezzz] 12/2/2014 12:46

NB

henries have started to understand about R&D companies nothing ever goes to plan. By the looks of it we need to find something that evaporates water efficiently and soon other than the Sun.

I have always said the company still have design issues, they just can't seem to make up there minds which system will be the most cost effective and to that end it could go on forever well until RA pulls the plug. They may succeed in the distant future when other companies and technologies have overtaken them, from this article they are still concentrating on power out put and longevity.

(cut & paste)
www.proactiveinvestors.co.uk/companies/news/65726/afc-energy-expects-to-deploy-first-250kw-system-as-looks-ahead-with-confidence--65726.html

R&D companies hey, bummer, trouble is my longevity is shortening every year, I don't want to be riches guy in the cemetery.

[norbus] 12/2/2014 12:00

bz

What a miserable lot you are ! What happened to all the yahoo henries here? worth having the shares just to attend the AGM at Stamford Bridge and rub shoulders with the KGB:-) I thought these were half decent results promising a turning point in sight..

[skinny] 12/2/2014 07:05

AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce its audited results for the year ended 31 October 2013.

FY13 Highlights

· Extended the life of fuel cells to twelve months in the laboratory
· Finalised award of up to €6m from the EU to support the Power Up project
· Finalised award of up to €2m from the EU to support a research project for the development of ammonia-fed alkaline fuel cell systems
· Revenue more than doubled to £768k (2012: £361k)
· Loss before tax £4.5m (2012: £4.16m)
· Research and development expenditure increased to £1.48m (2012: £1.45m)
· Diluted loss per share of 1.88p (2012: 2.05p)
· Net cash amounted to £6.9m as at 31 October 2013 (2012: £10.9m)
· Announced a working partnership with Foster Wheeler to develop fuel cell systems for industrial applications
· Entered into a commercialisation agreement with Waste2Tricity International (Thailand) Ltd ("W2T Thailand") extending our reach into the fast growing emerging markets of South East Asia
· Acquired asset and intellectual property of Diverse Energy plc ("Diverse Energy"), to complement AFC Energy's European Union ("EU") funded ammonia-fed fuel system project
· Opened first sales office in South Korea in partnership with Intralink Ltd
· Established a research relationship with Lancaster University
· Appointed Jane Dumeresque as Finance Director and Company Secretary

Post Period Highlights

· Announced strategic partnership with Air Products PLC ("Air Products") within the Power Up programme
· Signed a non-binding Memorandum of Understanding with Allied New Technologies Inc ("Allied") to undertake a feasibility study for a fuel cell system
· Expanded the Dunsfold complex, allowing the company to move towards a more automated form of production
· Intellectual property portfolio expanded to 30 patents

Tim Yeo, Chairman of AFC Energy, commented: "The global fuel cell industry is continuing to show strong growth which provides a favourable backdrop for AFC Energy. We made excellent progress last year to commercialise our fuel cell technology which is aimed at supplying low-cost power for large scale industrial markets. During the year we extended the longevity of our fuel cell to 12 months, while also substantially improving its power efficiency. At the same time, we have launched new demonstration projects with world-class partners and opened new potential markets. AFC Energy has a unique, patented technology, a growing reputation and many commercial opportunities around the globe. With a strong balance sheet, the Board remains very confident of the Company's future success."

Notice of AGM

AFC Energy also today gives notice that its Annual General Meeting will be held at the Clarke Suite, Chelsea Football Club, Stamford Bridge, Fulham Road, London SW6 1HS at 2pm on 4th April 2014.

The Annual Report and Accounts and Notice of AGM will be sent to shareholders in March and will be available for download from the Company's website, www.afcenergy.com, in accordance with AIM Rule 20.

[holism] 07/2/2014 07:15

Norbus you are well informed, no need to raise money. But good to have more institutions and less whinging PIs.

[norbus] 06/2/2014 08:41

bz
tx. i believe i am better informed. it is an exceptional company, at the lower end of the hockey stick. dyor.

soon as it hits 26 level, you will get your injection. not that you need money as much as control by owners who demand results. Time you came over for take off.

[holism] 04/2/2014 17:39

Democracy meaning the minority of course.

[beeezzz] 04/2/2014 17:06

Well at least TY was pretty magnanimous about the decision by his LCP to deselect him as he said democracy at work, probably be moving the old people's chamber anyway.

[beeezzz] 04/2/2014 14:28

Nb... I agree with your synopsis regarding R&D companies in as much as they are ostensibly using the market place to further there research in a belief that investors will be rewarded if and when this research reaches a point at which it is not only proven but is financially viable to the wider world.

ITM is an interesting case, however, there are considerable head winds, not only in the manufacture of FC cars, which is going to happen this year as previewed on Bloomberg last night. They also stated that California would need around 68 hydrogen refuelling points to cover the state. Hydrogen economy is coming however incumbent fossil fuel technology are not going to give up there lucrative business without a considerable fight.

Not sure whether you have seen this article, you need to pay to see full report into ITM

[johnny1982] 03/2/2014 19:24

Tim Yeo just been deselected. On c4 now. Let's hope his productive time is of benefit to AFC .....

[beeezzz] 31/1/2014 16:16

Whatever it smells like it stinks, no urgency with this company, fat salaries breeds laziness.

[holism] 31/1/2014 15:29

smells like a fund raising?

[norbus] 31/1/2014 13:06

bz
feels like what you noted in 4393

[beeezzz] 31/1/2014 12:22

Looks like Wildhorse gets green light in Hungary for UCG, looking for partners come on AFC get in there.

(cut & paste)
www.proactiveinvestors.co.uk/companies/news/65378/wildhorse-energy-expects-government-approval-for-uranium-joint-venture-shortly-65378.html

[beeezzz] 31/1/2014 11:45

Looks like MM's are walking share price down to provide cheap shares to one RA mates again, bloody useless management.

[beeezzz] 28/1/2014 10:15

SP slowly declines as money continues to leave the bank, yet no sign of revenues to match.

[beeezzz] 28/1/2014 10:15

Totally agree...broshm, money for old rope for these has been politicians.

[broshm] 28/1/2014 09:38

The good news would be a new chairman worth his salt .

[beeezzz] 27/1/2014 14:35

Waste to electricity coming soon. Just hope the good news by the AGM is not the chairman TY stepping down.

[beeezzz] 26/1/2014 12:14

Wonder if they will tell us what the new robot electrode assembly can achieve p/hr, it might give us an idea regarding any up coming orders that need to filled. Obviously they have to supply the German project first.