Afc Energy Share Discussion Threads

[norbus] 15/2/2017 07:38

RTW

Journey means you are not there

The net proceeds of the Placing and Subscription (being approximately GBP5.5 million and to be supplemented by any additional funds raised through the Open Offer) will be used to support the Company on its journey to commercialisation, and specifically for:

[realism] 15/2/2017 07:30

RTW, When was the Tim Yea comment made? Afc has already raised 6M!!!

[ride the wave 1] 15/2/2017 07:30

Try reading today's rns !

[realism] 15/2/2017 07:20

RTW, When was the Tim Yea comment made? Afc ahs already raised 6M!!!

[ride the wave 1] 15/2/2017 07:15

Tim Yeo, Chairman of AFC Energy, commented:

"AFC Energy recognises the value that can be delivered through institutionalisation of the share register, and following growing interest from blue-chip financial institutions in recent weeks, the Company is pleased to announce the successful completion of the accelerated book build. Institutionalisation of AFC Energy's share register recognises the strong progress we have made over the last three years. Our technical developments and project development opportunities now position us to capitalise on a number of emerging project opportunities.

MATES RATES

[aimmafia] 15/2/2017 07:10

Time to tank

[beeezzz] 14/2/2017 22:51

Howling says £1 by Xmas...he forgot to say which Xmas, probably not this century...

[horneblower] 14/2/2017 22:33

RTW wtf read what I said twice again ...you klutz.

[horneblower] 14/2/2017 22:32

RTW, the chart says 80p. All I said was forget the party line. Why are you castigating me?

[beeezzz] 14/2/2017 22:20

RTW....Stop trying to convince yourself you've made a good investment, if you believe it then that's fine with me.....

My advice is take a look at all the RNS before previous fund-raising all very positive, yet here we are again out with the begging bowl, just funding AB £660k a year salary for bit longer...

[ride the wave 1] 14/2/2017 22:19

That's rich from someone who said "back to 80p within 18 months" earlier !!!

Wind your neck back in and do me a favour !!!

Thanks

[horneblower] 14/2/2017 22:15

Ok, RTW. Enough of the spiel.

Nothing of what you say gives me any clue as to the future success or failure of the company.

However, I have an inkling what the City is feeling right now and to raise even a measly £8.1M (if that has been achieved) is quite a feat, so I'm not un-impressed.

As for the chart...and basically nothing else counts...things look optimistic, so, with a bit of backdraft, I think things are looking good.

[ride the wave 1] 14/2/2017 21:51

ALL TO PLAY FOR ....

[ride the wave 1] 14/2/2017 21:49

Furthermore, the Company is currently in detailed discussions with a number of potential commercial partners, any of which may or may not result in commercial contracts being entered into in the key markets identified and targeted by the Directors including Germany, the United Kingdom, Korea, Japan, Saudi Arabia, the United Arab Emirates and other Middle Eastern states.

In November 2016, AFC Energy signed an agreement with Peel to assess a substantive fuel cell development opportunity at Peel's Protos Industrial Park located in Chester. The importance of this site for AFC Energy's fuel cell potential lies in a number of areas: firstly, there are a number of potential industrial hydrogen sources, some of which are currently venting hydrogen, in the Protos vicinity which lends itself to a scalable fuel cell opportunity. Secondly, as owner of the Protos site, Peel, together with its regional contacts and permitting and consenting capability, is an ideal partner for AFC Energy to explore this opportunity and collaborate in the assessment of the UK's largest fuel cell development project, in the UK's "Northern Powerhouse".

[ride the wave 1] 14/2/2017 21:42

Yady Worldwide S.A. ("Yady") is a company that is wholly owned by Ben White, son of Howard White, and his relations and their investment vehicles, the Age of Reason Foundation and Eturab who currently hold over 10 per cent. of the Existing Share Capital. Yady and Howard White have together agreed with the Company to subscribe for 1,500,000 Subscription Shares in the Subscription. As Yady and Howard White (the "Related Parties") together are treated as a "substantial shareholder" of the Company, its participation in the Subscription constitutes a "related party transaction" under the AIM Rules.


The net proceeds of the Placing, Subscription and Open Offer (together the "Fundraising") (being approximately £8.1 million, assuming that all New Ordinary Shares are subscribed for) will be used to support the Company on its journey to commercialisation, and specifically for:

· delivery of its commitments under the Company's joint development agreement with De Nora S.p.A. ("De Nora");

· business case development with De Nora;

· scoping study completion with Peel Environmental Limited and other third parties in advance of any potential project deployment;

· funding the ongoing operation of the Company's demonstration plant at Stade, together with ongoing testing costs; and

· general administrative expenses and ongoing working capital.


This Fundraising will help to institutionalise the Company's shareholder base and provide the Company with the resources to pursue a number of commercial contracts, some of which are currently in the process of detailed discussions, and will assist AFC Energy to fulfil its strategy to deliver commercial contracts by 2018. The Fundraising is necessary for the Company to continue as a going concern and will enable further investment to grow the business.

[beeezzz] 14/2/2017 21:28

10 years is no sprint in my books and millions on £'s later we have precisely nothing a customer is willing to buy so that should say all you need to know...

Yoda


give Mr Bond a ring ask WTF is going on

[ride the wave 1] 14/2/2017 20:43

Its a marathon and not a sprint , this has given me the opportunity to reach the magic 1m shares. The institutions are not in a habit of losing money so I will follow them and carry on with my long term approach.

This will all be forgotten about before you know it , the positives are that Yady are piling more money in and that we know AFC are still in discussions on all of our big projects .

We know AFC , Phe and w2e will be working together shortly and that will make the share price go back up. Also this money pays for the scoping study that will help in getting the other projects signed .

Short term pain for long term gain .

LONG AND STRONG ALL OF THE WAY !!!!

[ride the wave 1] 14/2/2017 18:50

Thanks red ticker 😘

[ride the wave 1] 14/2/2017 18:39

Taken from LSE :-

This morning we had an AFC with 310m shares of (approx.) 17p giving a total value of £52.7m
This afternoon we have (assuming it all goes through) a further 80.7m shares sold at 10p = £8.07m
The company should now be worth £60.77m with 390.7m shares = 15.55p
Assuming all the 10p shares are snapped up.

This may explain why there were plenty of buyers at 12p

If you held 30000 shares (@17p = £5100), you will be able to buy 2000 shares at 10p (£200)
You will have 32000 shares (@12p = £3840 or @15.6p = £5000)

I would expect the share price to head back towards 15p rather than the pessimistic view of 8p