Afc Energy Share Discussion Threads

[ride the wave] 24/11/2015 07:49

AFC and Dutco Sign Heads of Agreement to Develop Business Plan for Large-Scale Fuel Cell Deployment across the Middle East

AFC Energy plc (AIM: AFC), the industrial fuel cell power company, is pleased to announce that it has signed a Heads of Agreement with DNR Industries Ltd., part of the leading Dubai-based investment and project developer, Dutco Group of Companies ("Dutco") to jointly fund and develop a business plan for the large-scale deployment of AFC's fuel cells across the Middle East.

The business plan will focus on defining a commercial strategy for what is expected to be a significant commercial fuel cell deployment opportunity, and pending the outcome of the business plan, is anticipated to result in the formation of a joint venture between the two companies to execute the plan commencing in the first half of 2016.

The joint venture between AFC and Dutco, is expected to cover the deployment of AFC's fuel cell across the United Arab Emirates, Kingdom of Bahrain, Kingdom of Saudi Arabia, Sultanate of Oman, Qatar and Kuwait. Based on initial estimates from market soundings already undertaken in the region individually and collectively by AFC and Dutco over recent months, this could present an opportunity on its own to deliver a large percentage of, if not in excess of, AFC's stated target for 1GW of fuel cell development by the end of 2020.

The business plan will also explore potential commercial models for the joint venture between the two companies with a long-term strategic view being taken regarding the prospect for a regional power utility.

Dutco has a long history of successful investment and project development across the Gulf region, and internationally, covering construction, oil and gas, hotels and hospitality and natural resources, and has successfully delivered a number of the region's largest infrastructure projects.

Mr Adam Bond, AFC's Chief Executive Officer, said: "I have long considered the Middle East to present AFC with an enormous near-term opportunity to deploy the Company's alkaline fuel cell technology into the growing clean energy portfolio of projects being supported in the region. The potential to work in collaboration with a group with the regional stature as Dutco presents a significant opportunity to not only leverage highly complementary skills sets and characteristics of the two companies, but also create a sizeable business platform for the deployment of the AFC fuel cell on an unprecedented scale."

Mr Bond further commented: "Dutco and AFC are already in dialogue with several of the Middle East's largest energy and utility groups to assess the opportunity for not only the supply of clean power to the region, but also significant quantities of clean water and to date, we believe the business potential for the AFC fuel cell in this region is one of the largest in the world. We look forward to further developing this business plan with Dutco over the coming weeks and start creating the basis of a long-term, sustainable energy and water business across the Middle East."

[ride the wave] 24/11/2015 07:45

Last night it was a short and this morning there's bullish divergence showing on RSI / share price .

Lol , just LOL

[ride the wave] 24/11/2015 07:42

Hehehehehehe feeling the pressure already ???

Quality

[tradeyodha] 24/11/2015 07:40

This is showing Bullish divergence now. I will cover my small short and go long with the rise until it it does not break head of HNS pattern (44-45p as per initial analysis) after rise area as per initial analysis. After that I will go short.






Please dyor

[ride the wave] 24/11/2015 07:37

How's your charts getting on today ?

RROFL :)

Ps I'm having lovely thoughts about my dividends , It's getting closer on every rns !!!!!!

AB is a man with a plan , only a mug would bet against him .

What a fantastic tie up with a huge known company :)

[dolores123] 24/11/2015 07:32

Huge potential from todays RNS!! shorters beware!!

[petrocelli2] 24/11/2015 07:06

Good luck with that short!!! LOL

[petrocelli2] 23/11/2015 19:16

All you need is deeper pockets than Lanstead and you've cracked it?

[tradeyodha] 23/11/2015 18:08

As expected and planned, retest has been done. Looking to add to my short position. Please dyor

[ride the wave] 23/11/2015 16:32

Nice turn a round at close of play

[beeezzz] 23/11/2015 12:11

The chart shows an interesting patten... since high in Aug the share price has declined steadily towards end of month and after a slight tick up. It seems Lanstead sells into month end to pay AFC, obviously they are not going to use their own cash.

[ride the wave] 22/11/2015 09:43

Thank you

ATB

[norbus] 22/11/2015 06:47

Dividends April 2019? there are big expectations from the project, and it ought to deliver some benefits; H2 byproduct to be used has multiple routes to electricity; If AFC delivers a commercially viable route, It should stand a chance to succeed

[petrocelli2] 21/11/2015 20:41

Link - cut and paste it on to your search bar. It's a Power up and Alkamonia update. AFC are hosting a gathering of politicians, local business's and residents at Stade in January which ties in nicely with Dow's attempt to get a 1GW power station built next door to AFC, their original 2013 application for a coal fired power station was objected to by politicians and over 9000 members of the public, most of whom want to see a renewable energy alternative ;)

[ride the wave] 21/11/2015 19:43

Link don't work - what does it say ?

[robo175] 21/11/2015 19:33

If the shorters or Landstead etc think I'm going to give my shares up think again.

[petrocelli2] 21/11/2015 17:23

Looks like your tea leaf reading days are numbered chaps :)http://www.fch.europa.eu/sites/default/files/5-POWER-UP_update151111%20%28ID%202848023%29%20%28ID%202848602%29.pdf

[struppy] 20/11/2015 18:51

Please read the other boards on AFC and educate yourself.
There is just to much "Unsinn" talked on this board.
What a waste of time!!!
A trip to Stade would put you right,in more than one way.

[tradeyodha] 20/11/2015 18:42

A retracement upwards to fill the gap and retest the neckline is expected. I will add to my short if that happens. Dyor

[ride the wave] 20/11/2015 15:04

I hope so cos I will buy 100,000 shares .

Keep deramping please :)

Fill ya boots Numpty ......

[tradeyodha] 20/11/2015 13:48

I agree shaunstar