Afc Energy Share Discussion Threads

[ride the wave] 01/10/2015 08:28

Great rns's !!!!

[shaunstar] 01/10/2015 08:12

Self congratulatory hot air. Rns's are getting more comical.
Linc (who presumably know more about afc than we do) wanted rid, its not a positive for crying out loud.

[robo175] 01/10/2015 07:39

1 October 2015


AFC Energy PLC
("AFC" or the "Company")


AFC Notification of change in significant shareholders


Highlights

· Yady Worldwide S.A. BVI ("Yady"), a company wholly owned by Ben White, son of AFC's founder, increases holding by 7.04% by acquiring all of the 20,269,705 ordinary shares in AFC held by Linc Energy Ltd ("Linc Energy")

· Yady affirms its confidence in the commercialisation strategy of AFC and the Company's Executive team


AFC Energy plc (AFC.L), the industrial fuel cell power company, announces a change in its significant shareholders.

Yady has acquired all of Linc Energy's 20,269,705 ordinary shares in AFC, increasing Yady's shareholding in AFC by 7.04%. Yady, a company wholly owned by Ben White, decided to pursue the transaction when it identified an opportunity to acquire a substantial block of shares in AFC in a single transaction. The transaction was made off market.

Ben White said "The opportunity to acquire Linc Energy's position in AFC presented a rare opportunity to increase Yady's position in the Company at a time when we believe the future value of the Company is undervalued by the market."

Ben White further noted, "Through this transaction, Yady wishes to acknowledge its continued strong support of the Company's executive team and its Chief Executive who has continued to meet each of the strategic milestones AFC announced in December 2014 alongside a range of commercial opportunities."

Mr Adam Bond, AFC's Chief Executive Officer, said: "We wish to acknowledge Linc Energy's support of AFC over the past few years during which time it has been one of the Company's largest shareholders. I also wish to welcome Yady's decision to further support the Company at this time of accelerated growth and drive towards commercialisation."

Linc Energy's spokesperson outlined that whilst maintaining a significant shareholding in AFC is no longer aligned with Linc Energy's corporate strategy, Linc Energy continues to have an ongoing commercial relationship with AFC via its licensing arrangements and as such will continue its strong support of the development of the Company into the future.


For further information, please contact:

AFC Energy plc
Adam Bond (Chief Executive Officer)


[phone]
Zeus Capital Limited - Nominated Adviser and Joint Broker
Phil Walker, John Treacy
Alex Davies, John Goold


[phone]

M C Peat & Co LLP - Joint Broker
Charlie Peat

[phone]


Lionsgate Communications - Public Relations
Jonathan Charles, Rachel Rigby


[phone]

About AFC Energy

AFC Energy plc is fast approaching commercialisation for its proven low-cost alkaline fuel cell system ("KORE"), which converts hydrogen into 'clean' electricity. AFC's key project POWER-UP will demonstrate the world's largest alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany. The date for the demonstration of the 240kW KORE system has been fast tracked to December 2015, representing the final phase of AFC's pre-commercialisation technical development programme and creating the platform for the Company's global commercial fuel cell deployment. For further information, please visit our website: www.afcenergy.com

[horneblower] 30/9/2015 23:26

beeezzz,
Yes, the income from 240kw is tiny. Perhaps only Euros 25,000pa. It is only a small pilot system after all. However, if they can deliver the full wattage from the Stade test site it promises success from bigger projects. Scaling up should not be a problem. Hopefully lots of clients are waiting on seeing the success or failure of the Stade pilot.

[norbus] 30/9/2015 22:40

bz

I think you may do well to better inform your library on the sensitivitty of energy pricing

[beeezzz] 30/9/2015 17:25

Horn...well based on previous statements by the company it costs around 4p p/kWh, whether that includes hyd feed, not sure. Lets say they charge 10p p/kWh 6p profit not a lot by the looks of it. Need that 1GW up and running ASAP.

[broshm] 30/9/2015 16:40

Why the jump up ?

[ride the wave] 30/9/2015 10:01

The last two quarterly updates were March 30th and June 30th .

Bring it on ...

Good luck everyone

[holism] 30/9/2015 08:32

News letter due within 1 week I would say. Last qtr 30 June previous 4 April. So any time soon.

[ride the wave] 30/9/2015 08:24

Rns due today 👍🏼😀👍7996;

[ride the wave] 29/9/2015 21:24

Read the iii interview dated 11th Sep , that should tell you everything you want to know ...if not it's the closest you will get at this present time .

ATB

[horneblower] 29/9/2015 18:24

Does anyone have a handle on what the cashflow might be from selling the putative 240kw of electricity to the German grid?

[dangersimpson2] 29/9/2015 10:56

Wierdly he's playing the bluffing game against one of his own largest shareholders, such is the strange mismatch of incentives that the Lanstead deal creates.

[dangersimpson2] 28/9/2015 22:16

I doubt the article writer is being intentionally dishonest. But you really have wonder about someone owning shares in a company and then promoting it as a good investment when they either haven't read the accounts or they didn't understand them. Sadly the Motley Fool UK articles these days are mainly badly researched light-weight guff promoting a tipping service. It's a shame but I guess they are one of the victims of web 2.0 where the best original content is available for free on blogs/twitter.

[norbus] 28/9/2015 19:28

bz

"MF with their take....still not saying where the profit comes from certainly not from producing electricity are they being economical with the truth."
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
They are lying, period. does not do AFC any favours

[ride the wave] 28/9/2015 15:34

Full power 240 KW by end of December , if not earlier . I'm a long term investor and that's what I'm concentrating on (the next 3 months) , everything else is just noise .

Stade will be a world showcase model and once proven it works at full power , the mou's will become real contracts . All this should happen in the next 12 weeks imho .

[holism] 28/9/2015 12:06

I am not expecting delays but it wouldn't surprise me. Its only been a few days since Bond said everything is still on track- have faith etc. I am not sure what you mean by full power RTW. Each platform is designed to produce 80KWs and I doubt full power will be reached until all three have been fully tested and connected. What we do know connection to grid will be made within a few weeks.

[beeezzz] 28/9/2015 11:32

MF with their take....still not saying where the profit comes from certainly not from producing electricity are they being economical with the truth.