Afc Energy Share Discussion Threads

[ride the wave] 12/11/2015 14:45

TY - good shout .

Ps I think you meant to say , " right side of head being formed " .

[dolores123] 12/11/2015 13:41

TY - where does it go after that assuming no good news etc?

[norbus] 12/11/2015 13:07

Will the hands point knees and toes?

[tradeyodha] 12/11/2015 12:52

Head and shoulders pattern: right shoulder is being formed.

[norbus] 12/11/2015 11:47

bz

you are far too modest; you are on the pulse with AFC as I sometimes am on ITM;

[beeezzz] 12/11/2015 11:43

Hey NB....RTW..Please

We are certainly not the same person, Norbus is far more intelligent than me that is for sure, plus my English is appalling.

Back to AFC, been thinking about gearing up for mass production, if it happens of course, albeit orders needed. The Robot solution would be my way of going rather than a conveyor type assembly, the main reason is accuracy on a continual bases, also proven system. With the cartridges fixed in a cradle and assuming the robot can maintain precise positioning of inserts there would be less chance of errors. Which would mean needing between 5-10 more robot systems.

Who will manufacturing components, electrodes which they said would be done in-house, not to big warehouse needed then. Those going on 24th should see robot maybe working this time.

[norbus] 12/11/2015 08:13

I am wondering if I should be posting as bz today. I hope you can swim

[ride the wave] 11/11/2015 17:18

Hey Norbus , why you talking to yourself ? . Everyone with half a brain cell knows you and Bz are the same person .

What a looser !!!

Lol :)

[norbus] 11/11/2015 13:06

bz
becalmed seas can only make ripples

[ride the wave] 10/11/2015 17:51

GW's then dividends or takeover .

[norbus] 10/11/2015 16:12

Then what?

[ride the wave] 09/11/2015 17:42

Investors day soon , hopefully news before then.

Full power soon enough .

[beeezzz] 09/11/2015 13:55

Bloomberg Headline today....

"UK Fuel cell maker AFC working in niche market to power oil and gas"....not sure what this means and if remembered correctly.

Still news is news...we await KORE fully loaded and producing electricity..

[bjfanc] 06/11/2015 13:50

TV1 and TV2 use same tech though.

[norbus] 06/11/2015 13:39

They want an each way bet?

[bjfanc] 06/11/2015 09:19

Air products commissioned two projects using new tech at pretty much the same time. Why the gamble.

[norbus] 06/11/2015 08:41

bz
what kind of bird are you looking for? Bond reminds me of a turkey, with the feathers strutting with chest puffed; he's an absolute genius on PR : I hope it comes off for you; I kind of become a cynic, despite what Bill Gates said about the handful of Green energy companies that will be the googles of the 2020's

You are right on another point of stabilising; All that PR and the share price static on negligeable turnover

[bjfanc] 05/11/2015 23:41

One of the many inter links being Ian Williamson, ex CEO who was at Air Products, at time of choosing.

[robo175] 05/11/2015 20:33

Fuelling the future at AFC
Shares in AFC Energy are up 278% since Adam Bond took over in December 2014
The drive for efficiency will be every bit as important, if not more so, than cyclical energy prices in determining the destiny of clean energy in the future. That is certainly one of the main takeaways from an afternoon in the company of Adam Bond, the chief executive of AFC Energy (AFC:AIM).
Since taking over at the helm of the alkaline fuel cell specialist in December 2014, Bond has pursued a clear and coherent strategy which has demonstrated the company’s own march towards the efficiencies needed to commercialise their clean energy technology. The markets in any event seem to have appreciated the milestones set by the company. Year-to-date the shares are up 226%.
(Click on chart to enlarge)
AFC ENERGY - Comparison Line Chart (Rebased to first)
Off the boil
Admittedly, the £95 million cap has come off the boil somewhat of late and on a three month view the stock is down 43%. I ask Bond if he is concerned that AFC’s stellar momentum might be running out of steam.
‘The scope of the opportunity for AFC Energy continues to grow and we are firmly in dialogue with a number of partners in advancing into the commercial fuel cell world and towards our stated objective of 1GW of fuel cells under development or installed by 2020,’ he tells Shares.
‘With the work we are doing at the moment behind the scenes, there is a significant amount of momentum still to be accessed as we finish out 2015 and roll into 2016,’ Bond says.
‘The momentum the company currently has behind it is infectious and to see how it has evolved and matured over the last 12 months has been inspiring. I’m confident with the activities we are currently working on, we will see a reinstallation of the momentum we saw in the share price over the first six months of this year,’ he adds.
An equity swap arrangement with specialist finance provider Lanstead saw AFC recieving cash once the shares went above a certain price (13.8p) and this deal is coming to a close after 18 payments. Because Lanstead has been paying AFC once the share price is above 13.8p, the group has not had to burn so much of its own cash. The drawback being that, as a result, Lanstead held a lot of AFC equity creating a significant overhang.
However with Lanstead Capital now holding only around 3% and another stakeholder – Linc Energy (T16:SGX) – selling its holding, is the recent share price volatility behind the company?
‘The selling out by these two shareholders has most likely seen downward pressure placed on the stock, however, I believe the sentiment in the market towards AFC Energy remains positive and indeed, there is growing support behind us in not only delivering on our objectives for 2015, but also in articulating and being held accountable for milestones into 2016 which we will be coming out with over the coming weeks,’ Bond says.
Managing the share price is not the job of a chief executive, so what is Bond’s plan for sustainable growth? ‘We are all about creating a long-term value proposition for our shareholders through our business model and in the form of partnerships we are currently with.
‘We should not be fooled into seeing short-term share price increases as the prize here, but in the creation of a massive corporate value proposition that will see the AFC fuel cell form an increasingly large component of the global energy mix,’ Bond says.
Although Bond took over as chief executive of AFC Energy at the end of last year he had been a non-executive board member prior to this.
AFCEnergyStall
Energy background
‘I’ve spent my career in the energy space. I have a lot of experience around clean technologies and the commercialisation of new technologies. AFC has been around since 2006 and we listed in 2007. We’re predominately focused on developing and delivering what will be the world’s first alkaline fuel cell technology.’
Bond then goes on to highlight one of the crucial issues in the evolution of a technology company:
‘I think that a lot of technology companies, the biggest challenge is the transition from technical to commericial. You can get very comfortable in the laboratory trying to make something work.’
We’re at a point now that we know the fuel cells work. For the first time, we’ve delivered an outcome in Germany (referring to the Stade KORE in Germany) so we’ve proven that we can generate electricity.’
The question at that point becomes how best to optimise that technology for commerical applications. That to Adam Bond’s mind, means focusing on the right questions.
‘Those questions are things like; what type of power output do we require for commericial applications? This will differ from market. The market for fuel cells in Europe and the output requirement will be very different from that in Korea for example. So the question then is where you are at on the technology front with the market which will drive commercial outcomes today?
‘That’s what I’ve been trying to look at; understanding the market and the technology and putting them together. My background is in the global energy market, I’ve worked throughout the world and I understand the different drivers within government and within industry as well as the drivers within the clean energy space.’
Along the way, AFC’s technology has garnered a number of commercial deals in Korea, Thailand and Dubai with installations of 50MW, 10MW and 300MW respectively. All of which of course plays well when set against Bond’s ambitious 2020 pipeline target of 1GW.
It is important to remember that while AFC Energy showed cash outflows of less than £1 million in the six months to the end of April, this might be flattered somewhat by the company’s Lanstead equity swap.
Investing in new or unproven technologies is inevitably fraught with risk and AFC is no exception in this respect. That said, the company’s ability to attract high status investors has at least proved newsworthy. Whether or not investors of the media profile of Chelsea owner Roman Abramovich have added significantly to share price performance is perhaps moot.
Or at least to Bond, the oligarch’s stake – while welcome – has not been a significant catalyst for either over or under-performance. ‘Mr Abramovich has been a shareholder in AFC Energy now for several years and so I don’t believe there is any direct correlation between his strategic decision to invest in the company and any perceived recent hype in the share price.
‘He remains very supportive and can see the massive opportunity that exists for AFC Energy¹s fuel cell in the global market and so in that context, his investment is and will continue to be most beneficial to the company¹s long-term deployment strategy.’
Mitigating risk
So far, AFC has done an admirable job of mitigating risk and managing investor expectations. ‘As we continue to deliver our 11 stated milestones for 2015, we are at each stage confirming a de-risking of our technology in the industrial setting,’ says Bond.
‘With the introduction of executive commercial and operations teams at AFC in recent weeks, we are working on fully understanding these risks and using our activities in Germany and elsewhere to ensure these risks continue to be mitigated and managed as best as we can at this stage of the project and technology lifecycle.’
Bond adds that this includes the full range of technical, operational, funding, staffing, execution and regulatory risks. ‘AFC Energy is in a strong position to manage several of these risks, but the idea of partnering in chosen regions is to work collaboratively with our partners and contractors to ensure appropriate risk mitigation strategies are in place across the full spectrum of the risk register,’ he explains.
Fuel-cell primer
Fuel cell technology is increasingly becoming recognised as a better technology option than conventional internal combustion engine generators or batteries.
Applications can be portable, stationary or used in transportation. As the name suggests, portable fuel cells are designed to be moved, and this category includes auxiliary power units (APU). Stationary power fuel cells are units designed to provide power to a fixed location and transport fuel cells provide either primary propulsion or range-extending capability for vehicles.
There are a number of different electrolytes employed in the production of fuel cells and AFC Energy produces alkaline fuel cells that bypass the need for precious metal catalysts to be used in manufacture. An added advantage of AFC’s proprietary technology is that water is the main constituent by-product of the process and this in itself is a selling point in markets like the arid Middle East.

PL9A0133-1
Biography
Adam Bond, Chief executive
Adam Bond took over as chief executive of AFC Energy in December 2014, having joined the board as a non-executive director in 2013. With over 15 years’ experience operating within the international energy sector Bond has held posts both in executive management positions for listed energy companies, and in advisory capacities to both governments and the private sector. He is currently a non-executive director of Waste2Tricity where AFC has an equity interest. Prior to joining AFC Energy, Bond held the position of global president – clean energy at Singapore-listed and Australian domiciled Linc Energy (T16:SGX).
INVESTMENT CASE
AFC Energy (AFC:AIM) 32.5p

SUMMARY
AFC’s disruptive technology has the potential to displace mainstream gas-fired power stations for utility scale generation; being cleaner, more efficient, modular and therefore more versatile, and ultimately lower-cost. The fundamentals of AFC’s technology also lend it to low-cost design and manufacture.

Bull case
• Has consistently delivered on a detailed series of technical milestones
• Closing in on profitability; should be in the black by the end of 2017
• Disruptive potential dovetails with emerging global energy efficiency trend
Bear case
• Share price highly newsflow-sensitive
• Disruptive competion
• Roll-out execution time-frame risk
Market value: £95 million
Prospective PE Oct 15: n/a
Prospective dividend yield: n/a

[petrocelli2] 05/11/2015 18:55

Air Products suspends construction of TV2 - Must be to reconfigure the site so as to incorporate fuel cells from the word go and not waste mega money installing ICE's or gas turbines. Air Products must be convinced with what they've witnessed at Stade!!!

[beeezzz] 05/11/2015 17:09

The market obviously got wind of this article which has moved or stabilised the SP

Nb....I'm hoping AFC are going to serve me up a nice fat juicy bird for Xmas.

[master rsi] 05/11/2015 13:13

Some Double page write-up today at Share Magazine

Fuelling the future at AFC - Date: 05 Nov 2015
Shares in AFC Energy are up 278% since Adam Bond took over in December 2014 -

The drive for efficiency will be every bit as important, if not more so, than cyclical energy prices in determining the destiny of clean energy in the future. That is certainly one of the main takeaways from an afternoon in the company of Adam ....the rest you have to be a member

[norbus] 04/11/2015 18:12

bz

I hope I do not see bottoms like the scraggy one you are admiring;I like them
youthfully firm and well rounded ; As to waves, I can only think of the bleached perm with the blue rinse of senior ladies

[ride the wave] 04/11/2015 12:39

All aboard for 2nd 5/3