Afc Energy Share Discussion Threads

[tidy 2] 15/3/2015 09:50

It should say dec 2015 though yes

[tidy 2] 15/3/2015 09:48

Cyber that's from BumbleB on LSE

[cyberbub] 15/3/2015 09:29

Tidy2 your post 296, should it not say December 2015?

[tidy 2] 15/3/2015 09:08

Actually that just shows the robot being assembled. It can be seen working here. https://www.youtube.com/watch?v=m6loB00R53s&t=106 It produces up to 5 101 cell stacks stacks a day, if my memory serves me correctly.

[tidy 2] 15/3/2015 09:03

BumbleB LSE Apologies for going on at length! Last December the new CEO set out the milestones for getting Kore proven. These can be found at this link: To date milestones 1-4 have been met on time. We await information on the completion of permitting and the start of construction. If things continue to run smoothly full power will be delivered by December 2014, proving that Kore works as anticipated then they will need to run it for a year to demonstrate longevity, etc. The company have been working with clients in Sth Korea for 2 years now and there appears to be sufficient confidence in the technology for the Chang Shin development last week. If you check the 5 year chart for this company you will note it has been very spikey. This is a potentially very lucrative company and generates bursts of interest. In the past people tended to under-estimate how long development would take, so the share price peaked then fell back. We seem to be in the latest spike but we are getting closer to the equipment either being proven or not so this will either be another spike, or if it works the start of a re-rating that us long-termers have waited for for a good few years. Future funding has not been confirmed yet. It is hoped that this will not result in significant dilution. There will be some, I suspect, but with early deals resulting in funding by partners, ESCo agreements and the sale of equipment rather than electricity this can hopefully can be kept to a minimum. There are still less than 300 million shares in the company. I hope this helps.

[tidy 2] 15/3/2015 09:02

BumbleB LSE You ask about risks to this company. I have been in this share for 5 years now. It has massive potential and is currently my largest holding. I try to attend the investors days and the AGM each year so I am aware of the potential upside and the risks, so here is my take. The product is not 100% de-risked yet. They have spent the 5 years I have been here trying to get the electrodes right. Basically they have taken old technology that used expensive materials like platinum catalyst and replaced that with modern cheaper materials including various types of carbon that can operate at lower temperatures. The idea is that the resulting fuel cells will be the cheapest on the market (there are a range of different types), and the cost depends upon: 1. Getting the electrodes to last more than one year whilst balancing this with sufficient power out-put to make a viable product - and these two factors work against each other to some extent. 2. Being able to produce the fuel cells in volume so that costs come down - this depends on massive orders and an automated manufacturing process. 3. Being able to recycle the old electrodes at the end of their life. 4. Being able to find a commercial return on waste heat that can be captured and pure water that is produced as a waste product. The potential risks are that the technology does not work as anticipated, or that there are delays in getting it to work. The company will need fresh funding next year and this could result in an element of dilution. Another risk is that customers could be slower than anticipated to take up the product. The technology depends upon pairs of electrodes that generate the electricity from chemical reactions. These are turned into 101 cell stacks that are a key part of the equipment and 24 of these are housed in a 24 stack platform called Kore that contains the remaining technology that deals with temperature control, gas supply, water removal, computerised controls, etc. The company are suggesting that the electrodes are now at a state where they can go commercial, though they will be potentially improved in the future adding greater longevity and reducing costs further. The stacks are still being tested and the 101 cell cells have still not been tested at full power yet and it has taken longer than expected to get to this stage. The Kore platform has not been tested in the field yet and it will happen in the latter half of this year. Mass manufacturing has been developed in the past year - they use extruders from the food industry to make the electrodes and a new robot to assemble them - that was shown to me last November and was very impressive, but it took longer than expected to develop and that may have resulted in the delays we say last year. At that time there were still bottlenecks in the manufacturing process, between the extruder and the robot that they were working on removing.Observation No Opinion

[tidy 2] 15/3/2015 09:00

Jak I've not read our posts all I know is that you are disregarded on iii also. Good luck with your short though. Btw it looks like the MM's are using your gamble to fill large orders. As shares are thin on the ground they said they are using a bear trap to get orders filled. Good luck trying to close. At what point will you be broke. There has been lots of media attention all weekend for the multi billion $ prospect coming to fruition which still has a measly MC. Close that short imo this is going to pounds.

[tidy 2] 14/3/2015 20:26

This is going to keep on going north. The sky really is the limit. With the patents these guys have they really have cornered the market with the use of hydrogen in electricity generation. Imagine the entire worlds supply of oil and hydrocarbons then compare it with the quantity of available hydrogen which is in abundance not just throughout the world but the entire universe that's how massive this is. Hydrogen is the most abundant chemical substance in the universe and AFC has a patent to use it to generate the cleanest form of energy known to man, electricity. The entire chemical process through their converters is patented to them.

[robo175] 14/3/2015 19:59

Really excited about AFC, been with this for nearly 2 years, lost faith when the share price dipped below 16p (I sold)and when the last placing came out(back in again at 14p) but this news is fantastic, the orders are just what everyone has been waiting for but the comments about talks with 12 household names will keep the momentum going and the fact that there will definitely be more deals done and fairly soon.

[ride the wave] 14/3/2015 19:23

This will go ballistic on Monday with all today's press .

It's just the start of the AFC story !

[tewkesbury] 14/3/2015 14:17

Just shows that if you pick the right stock at the right time its easy to 10 or 20 bag. This was 70p a few years ago. Should be 100p to 200p now they are back on track and Bond has shown he can deliver. Loads more news to come.

[new tech] 14/3/2015 13:36

beeezzz,

The Morning Star article dated July 2014 refers to the Heads of Agreement AFC concluded last year with Daniel Inc. for a 1 MW fuel cell system + option for further 3 MW in South Korea = Total sales value approx $15 million. It is seperate to the deal announced this week with Changshin Chemical and Samyoung Corp for 50MW in South Korea worth $1bn over 10 yrs.

[ianous] 14/3/2015 13:32

Beeezzz the article you posted relates to the deal AFC made with S. Korian company Daniel Inc last year. This weeks announcement is with Samyoung and Changshin Chemical.

Therefore AFC now has two agreements in S Korea and I would guess more to come.

[beeezzz] 14/3/2015 13:08

Not sure what this is all about its date july last year but mentions the latest deal with Korea.




Also took a look at what Chemical business they are in, not sure this is the correct plant, but gives an idea of other Companies in this area.

[city chappy] 14/3/2015 11:20

More deals to come.

Bond said earlier this month AFC is talking to '10 to 12 companies' with 'household names' and announcements are expected in the next quarter. Judging by how quick the Korea deal was announced after the successful 101 fuel cell stack results on 9th March I dont think there will be long to wait.

This is game changing for AFC and green energy. Enjoy the ride. The company can only grow from here on.

[tidy 2] 14/3/2015 10:23

LSE Thanks for tip..looking for reasonAnd found it. Adam Bond, AFC's Chief Executive Officer, said: "The rate of progress made by AFC's technical team over the past three months in progressing beyond the 25 cell stack, through the 51 cell stack and up to a full complement of 101 fuel cells is unprecedented in AFC's history. The milestone in our technology development places AFC in a strong position to now generate robust technical data that will support our aggressive commercialisation strategy."

[tidy 2] 14/3/2015 07:44

Made the Top dog FT.

[h2owater] 14/3/2015 07:30

News of a Korean joint venture made AFC Energy the week’s biggest small-cap gainer. The industrial fuel cell developer, whose biggest shareholder is Roman Abramovich, jumped 163 per cent after signing a deal with two local partners, Samyoung and Changshin.

AFC, which also hosted an investor site visit during the week, said it would take a 40 per cent stake in the venture and forecast $1bn of revenue over its 10 years of operation.