Share Name Share Symbol Market Type Share ISIN Share Description
Afc Energy LSE:AFC London Ordinary Share GB00B18S7B29 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.115p -2.45% 4.58p 327,006 16:35:14
Bid Price Offer Price High Price Low Price Open Price
4.51p 4.65p 4.80p 4.80p 4.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 0.23 -5.51 -1.36 18.0

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Date Time Title Posts
24/3/201921:07AFC Energy - The New Positive Thread Mk II7,897
12/7/201812:30AFC Energy to soar in 2008 (10 Bagger)1,475
22/5/201614:20Takeover -
30/3/201617:54Advanced Fluid Connections PLC3

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AFC Energy Daily Update: Afc Energy is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker AFC. The last closing price for AFC Energy was 4.70p.
Afc Energy has a 4 week average price of 4.50p and a 12 week average price of 3.50p.
The 1 year high share price is 11.95p while the 1 year low share price is currently 3.50p.
There are currently 391,998,205 shares in issue and the average daily traded volume is 312,089 shares. The market capitalisation of Afc Energy is £17,953,517.79.
jaknife: You can if the placing is at a material level below the current share price.
takethat: a placing at 2p will decimate this share price I'm out
jaknife: Oh dear. Any day now you're going to learn how a pump 'n' dump scam works. AFC have form in this area having executed such scams on their shareholders in the past: 1. Ramp the shares with vacuous RNSs, create some froth to boost the share price temporarily 2. lots of retail punters rush in 3. AFC have a massive discounted placing at the price just before the froth If you have any intelligence you'll only get scammed this way once. If you're really bright you'll go short now knowing that you'll be able to close in the forthcoming placing. But if you're a long term AFC shareholder you've no hope - you've seen this happen many times so far and are still holding. It's unlikely that you'll ever understand that you've been ripped off. JakNife
ride the wave 1: 1)Q3 2)Not disclosed because they don’t even know the size yet. 3)All will be revealed once they know the size of the project or when contracts are signed. 4)Don’t need any money for a good few months and by then we should of had some GOOD news that will raise the share price. There are various ways to raise money other than a placing. Ps What’s your local hospital? 😂
ride the wave 1: Share price held up well today. 👋
jaknife: LOL! The share price goes up for a couple of days and all of a sudden the dramatic decline of the last three years is forgotten and it's Rolls Royces for everyone. Nothing has changed. The company has failed to capitalise on its supposed technology. It's wasted shareholder funds left right and centre. It is running low on cash and desperately needs to raise funds. It's a dog JakNife
holism: The share price doesn't reflect the underlying fitness of the company. Can any of you guys tell me how much cash the company has at this time please?
beeezzz: Courtesy of Superg1.. PHE Is this a scam or what.. "They have stated B9 Coal get 2% of net profits generated by using the fuel cells. And they have stated that AFC get a royalty based on profits. So what % does AFC Energy get? Why the secrecy? My concern is that AFC will get an upfront payment but very little ongoing profit afterwards whilst B9Coal is getting a good deal. AFC could have easily done this on their own and kept all the profit but they always seem to create other companies (W2T, B9Coal) who take profit away from AFC shareholders. “Josh White, a director of B9 Coal Limited is the brother of Ben White - the beneficiary of the Age of Reason Foundation, a substantial shareholder in AFC Energy.” Josh White is only 19 or so years old. What are his credentials for being a director of this company? Ah yes, son of Howard White. So is this a way for Howard White to skim the profits away from AFC shareholders? They may be major AFC shareholders themselves however the more profit they take via B9Coal and W2T, before it hits the AFC books, the better for them. I believe that on the back of good news such as a tie up with Linc Energy the AFC Energy share price should have spiked way more than it has. However, based on the secrecy still here and based on B9Coals association with the familiar name, many investors are scared to invest and this is keeping the share price down." Eturab is Howard White as is Yady it seems who are PHE connected.
robo175: 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
robo175: Posted on AFC Energy Shareholders Forum Going back to my original post, based on the figures from CT we can now see that it works out as follows for AFC: Due to AB not taking IW's salary and doing some cost cutting, cash burn is probably £3.6m or £300,000 per month, in which case 39p per share would cover the cash burn, leaving AFC's cash pile intact, more than that and AFC's cash pile would increase. Cash at Bank: £4.5m (1 March 2015) is over 1 years cash. At 39p share price this cash would still be in the bank in a years time when the Lanstead deal ends. At 50p share price the cash in the bank would have increased by probably £1,075,011.24 over 12 months, later this year at a possible £1 share price AFC would see £479,168.55 per month increase in the bank balance, courtesy of Lanstead. Every penny on the share price adds £7,791.68 to AFC's monthly income. The Lanstead deal started on 15 October 2014 and runs for 18 months, which means it finishes on 14 April 2016, so there's still a year to go. Lets say we start a couple of weeks back when the share price was 26p and work forward over the next 12 months, based on possible news driven price increases. (This is an example only, make up your own mind as to where you think the share price will go and when!) Three months at 26p = £607,751 which is over two months worth of cash added to the pot, that pushes any potential fund raising outwards by two months. Three months at 52p would give AFC £1,215,502 or enough cash to last them 4 months, pushing any potential fund raising outwards by 4 months. Three months at 78p would give AFC £1,823,253 or enough cash to last them 6 months, pushing any potential fund raising outwards by 6 months. Three months at 104p would give AFC £2,431,004 or enough cash to last them 8 months, pushing any potential fund raising outwards by 8 months. So in total AFC in this scenario would have accumulated £6,077,510, far more than the £2,486,000 nominal value of the 22m shares placed with Lanstead!! This is 8 + 6 + 4 + 2 months worth of cash, a total of 20 months worth of cash. 8-) 8-) All the bashers talking drivel on the other BB's should wake up and smell the coffee :lol: Meanwhile Lanstead have 23.1m shares and can sell these into demand over the 18 months to pay back AFC, without damaging the share price and whilst making a nice profit in between. If Lanstead sold for example 1.28m shares in a month, that's only 50k-60k per day and unlikely to affect the share price Selling 1.28m at 30p would net them £384,000 plus the £103,888.88 from the deposit is £487,888.88, then they pay AFC £233,750.56 leaves them in profit for the month to the tune of £254,138.32!! If the price went to 50p Lanstead would make £354,304.61 for the month. If the price went to £1 Lanstead would make £524,720.33 for the month. Now we can see why this deal can be so beneficial to AFC AND Lanstead.
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