Share Name Share Symbol Market Type Share ISIN Share Description
Afc Energy Plc LSE:AFC London Ordinary Share GB00B18S7B29 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 4.77 213,235 16:35:25
Bid Price Offer Price High Price Low Price Open Price
4.55 4.99 4.99 4.99 4.99
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 0.00 -4.96 -1.10 21
Last Trade Time Trade Type Trade Size Trade Price Currency
15:59:53 O 10,157 4.81 GBX

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Date Time Title Posts
22/7/201923:56AFC Energy - The New Positive Thread Mk II8,676
03/5/201911:47AFC Energy to soar in 2008 (10 Bagger)1,479
04/1/201709:36THE CHAMPIONS OFFICIAL THREAD!!!374
22/5/201615:20Takeover -
30/3/201618:54Advanced Fluid Connections PLC3

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Afc Energy (AFC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-22 14:59:554.8110,157488.04O
2019-07-22 13:49:234.999,000449.10AT
2019-07-22 13:08:414.809,368450.02O
2019-07-22 12:59:124.8120,562988.00O
2019-07-22 12:55:474.8342,0002,028.77O
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Afc Energy (AFC) Top Chat Posts

DateSubject
22/7/2019
09:20
Afc Energy Daily Update: Afc Energy Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker AFC. The last closing price for Afc Energy was 4.77p.
Afc Energy Plc has a 4 week average price of 4.51p and a 12 week average price of 3p.
The 1 year high share price is 9.76p while the 1 year low share price is currently 3p.
There are currently 447,987,790 shares in issue and the average daily traded volume is 561,495 shares. The market capitalisation of Afc Energy Plc is £21,369,017.58.
02/5/2019
15:58
jaknife: rmart, In the short term shares go up and shares go down. But the long term trend with AFC is quite clear and obvious for anyone with half a brain to see. Even that plonker desertwolf would be able to see it - if it didn't mean having to admit to himself that he's lost an absolute packet on this POS. The share price is going down because it tracks the business fundamentals. And fundamentally AFC don't have a product, or, alternatively put, whatever it is that AFC have, no one is interested in buying it. And now they are so desperate that they've had to put in place the worst kind of funding ever - a death spiral convertible under which the investor needs to dump £4m of new shares onto the market. Hence expect AFC to pay lots of PR flunkies to wander around and prostitute themselves with wild claims about how wonderful AFC are. But it's not true, it's just lies to encourage retail punters to punt away chasing dreams. JakNife
14/4/2019
08:21
ken chung: Share price could drop to 1p.£4m discounted loan stock to be drip fed onto the market over the next 42 months, in up to 160 tranches of £25k each.Its also known as "death spiral funding" for the negative effect it has on a company's share price.Enjoy your death spiral.Lemmings and mushrooms only now.
13/4/2019
13:51
ken chung: JakNife 12 Apr '19 - 15:39 - 8182 of 8188 0 4 1 Yes it is a death spiral finance. The key provision that makes it a "death spiral" is: The Convertible Loan Notes are issuable at a price of £22,500 (representing a discount of 10% to par value) and are convertible into new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), at a price equivalent to the lower of: · a 25% premium to the volume weighted average price ("VWAP") on the business day before draw down; or · the lowest VWAP from the three business day period prior to conversion. In simple terms: £22,500 of cash is received by AFC, which gets converted into £25,000 worth of shares at a price equal the lowest VWAP from the three business day before. Hence there is always downward pressure on the share price because the shares are always being issued (a) at a 10% discount, and (b) at the lowest recent price. Thus it is a "death spiral convertible". JakNife
12/4/2019
15:39
jaknife: Yes it is a death spiral finance. The key provision that makes it a "death spiral" is: The Convertible Loan Notes are issuable at a price of £22,500 (representing a discount of 10% to par value) and are convertible into new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), at a price equivalent to the lower of: · a 25% premium to the volume weighted average price ("VWAP") on the business day before draw down; or · the lowest VWAP from the three business day period prior to conversion. In simple terms: £22,500 of cash is received by AFC, which gets converted into £25,000 worth of shares at a price equal the lowest VWAP from the three business day before. Hence there is always downward pressure on the share price because the shares are always being issued (a) at a 10% discount, and (b) at the lowest recent price. Thus it is a "death spiral convertible". JakNife
12/4/2019
08:43
jeffalun1: LSE, PurpleBagel74 @ 7:52. Read this and ignore the rest, its a great analysis of todays RNS's. "Am I the only one who thought it was a good review of the year and there were many positives. It was also the most honest review I’ve ever read, with direct reference to issues and setbacks AFC have experienced. The fund raise is great from my view, it was always coming and the share price reflected that. This is the smallest dilution they could do, and I for one am surprised how small the dilution is for us existing shareholders. The bond facility is a great one, it doesn’t commit us to large debt yet and means interest doesn’t build, it is a really clever financing technique with each fund raise at a 25% premium to the current price at that time - I mean that’s incredible. Also with that type of debt facility you have to prove your strategy and commercial potential and profitability to pay it back so AFC must have a serious plan down for the next year or two. People talking about nothing on PLACE - just because they don’t discuss each individual element and slap you in the face with it. They specifically state they have 2 year longevity confirmed now and have their set electrode pairing with De Nora, but will ofcourse, continue to improve this. Honest review on Southern order and no commitment to a timeframe which is better as I’m tired of timeframes going by, we are waiting on Southern, that’s the fact and I’m pleased to finally get some honesty around it. At least the design cost and contract is ready and waiting for signature whenever they are. The go to market plans are exactly what I wanted to see. License the product and sell via partners. This is the quickest and most profitable way to build a commercial model. Let another business deal with the sales and marketing while AFC continue R&D and ship out fuel cells. Partners already have customers and conversations - my aim now is to see partner agreements coming out left right and centre this year, a proper reseller channel will brig immense value. Overall, the negatives in there I expected but was pleased with the honesty shown. Fund raise was a positive and I’m extremely glad it’s done now and we have about another 2-3 years to really commercialise. New products and channel growth should help get us over that final mile. I mean this is a great entry price for people now, I’m obviously down in the red and will be interested to see what comes out at the AGM, can anyone drive an electric car down and test the Charge unit please? I’m still old-school petrol".
09/4/2019
18:53
jaknife: ffscomeonafc, re your 8138 "Shorters everywhere. If you are serious about investing in AFC then base it on facts, not on negative posts from shorters. These people are the scum of the earth." Shorters are an essential component to modern markets to assist in price discovery and provide a counter-balance to the exuberance of irrational longers. I defer to Fahmi Quadir of Safkhet Capital Management to provide a longer more eloquent defence: Https://ftalphaville.ft.com/2019/03/21/1553166784000/Safkhet-Capital-s-defence-of-short-selling/ The real "scum" in the case of AFC are: 1. Management who have repeatedly and regularly mislead investors as to the true prospects for AFC's technology, creating a "froth" of interest in order to perpetuate the story and thus keep themselves in their own jobs. 2. The city advisers, brokers, nomads, PR firms, etc that facilitates the broken system that lets AFC and a huge number of similar AIM companies do this on a regular basis. 3. A select small group of the long community who have naively assisted management with their own repeated and regular exuberant comments on AFC. In turn they have created an echo chamber community where long only thoughts pervade and any short comments, criticism or negative views are stamped upon in order to reinforce the group think that provides that warm comfort blanket for investors to wrap themselves in as their investment is slowly eroded away. As a further point I would also emphasise that it is not the fault of the shorters that the share price has fallen. Whilst they may have profited from having a short position the root cause of the fall in the share price is nothing to do with them, the reason for the share price fall lies 100% solely firmly and squarely at the feet of an incompetent management team that have delivered nothing other than wild speculative RNSs about supposed projects whilst frittering away shareholder funds on their own lifestyles. And as I final point, when this useless POS company finally gets round to the placing that it desperately needs to save it from otherwise impending insolvency, this shorter here will be putting his hand in his pocket to buy shares in the placing to support the company in its darkest hour ... and thus close my short position. JakNife
31/3/2019
12:32
jaknife: AFC aren't "keeping the share price low"! The share price is low because the company is a total POS. It's repeatedly promised major innovation and major projects but has consistently failed to deliver and instead has come back to the market with a begging bowl year after year to raise yet more funds. Even at 4.6p, the market cap is £18m and yet its cash position is pretty close to zero and its balance sheet will be down at circa £3m of tangible net assets. Undoubtedly the company will come to the market soon for yet another placing, without that it's bust. JakNife
19/10/2017
21:24
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.
05/11/2015
20:33
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
07/4/2015
22:52
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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