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AFC Afc Energy Plc

16.30
-0.96 (-5.56%)
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
  -0.96 -5.56% 16.30 16,267,043 12:17:47
Bid Price Offer Price High Price Low Price Open Price
15.80 16.30 17.98 15.14 17.44
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Elec Indl Apparatus, Nec 4M -17.42M -0.0204 -7.85 147.46M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:15:43 O 22,678 16.231 GBX

Afc Energy (AFC) Latest News (5)

Afc Energy (AFC) Discussions and Chat

Afc Energy Forums and Chat

Date Time Title Posts
13/6/202511:50AFC Energy - The New Positive Thread Mk II27,747
13/6/202511:46AFC Energy2,068
25/3/202520:32test-
18/12/202321:1312 years and still no sales3
18/5/202216:13AFC Energy to soar in 2008 (10 Bagger)1,482

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Afc Energy (AFC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:15:4516.2322,6783,680.87O
11:15:1716.1664,72810,457.97O
11:14:2816.30243.91O
11:12:3315.959,0521,444.19O
11:09:2016.222,968481.29O

Afc Energy (AFC) Top Chat Posts

Top Posts
Posted at 13/6/2025 09:20 by Afc Energy Daily Update
Afc Energy Plc is listed in the Elec Indl Apparatus, Nec sector of the London Stock Exchange with ticker AFC. The last closing price for Afc Energy was 17.26p.
Afc Energy currently has 854,357,806 shares in issue. The market capitalisation of Afc Energy is £136,868,121.
Afc Energy has a price to earnings ratio (PE ratio) of -7.85.
This morning AFC shares opened at 17.44p
Posted at 13/6/2025 11:46 by haggismchaggis
bmel,

It could be that the original design used suppliers and parts that were all that AFC were aware of after searching everywhere they could find for those, but then they get Volex/others involved who can find cheaper parts and, suppliers that offer better bulk discounts to mass manufacturers.

It's also possible that AFC went back to suppliers and said "we need better pricing as we are currently too expensive, what can you offer and how much would we need to buy to get the lowest prices?". Most suppliers, seeing the potential for huge sales if the systems AFC are making can be offered at much lower prices, would do everything they could to cut their prices.

What concerns me more right now is the "cheaper stacks". The original one's are tested and proven to work and last, so these new one's will need to be tested hard in the lab and then tested in fully built AFC systems. What if it turns out these "cheaper stacks" are not up to the job?
Posted at 13/6/2025 07:01 by skinny
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, provides an update on progress on cost optimisation initiatives for its 30kW hydrogen fuel cell generator:

Highlights:

· Cost reduction of c.85% from current build cost, achieved through adoption of low cost stack technology and value engineering exercise.

· Supply agreement signed for future supply of fuel cell systems to support demand.

· Plans well progressed for volume manufacturing, with intention to enter into global strategic partnership with Volex Plc, a leading global integrated manufacturing specialist, to support AFC volume growth plans.

Following the signing of a supply agreement for custom fuel cell systems, in conjunction with an extensive value engineering exercise, AFC Energy has reduced the build cost of its 30kW hydrogen fuel cell generators by c.85%. This exceeds the Company's target for substantial generator cost reductions and helps to drive adoption of our technology to displace diesel, together with our hydrogen production capability, at cost parity.

AFC Energy and Volex Plc are working together with the intention to enter into a global strategic manufacturing partnership to support AFC Energy in driving cost down further through materials leverage and economies of scale.

John Wilson, CEO of AFC Energy plc commented:

"As previously announced, our strategy is to deliver commercial viability of the hydrogen economy, without reliance on Government subsidy. In April, alongside our results, we announced an aggressive plan to target a significant reduction of the cost of our 30kW hydrogen fuel cell generators to drive market adoption. I'm delighted that this ambition has been fulfilled, with an expected c.85% reduction, and we target mid-2026 for delivery of our first low cost generators. We are grateful for the support of Volex Plc to date and look forward to developing our strategic partnership."
Posted at 04/6/2025 13:29 by ivyhedge
At least we know why AFC share price is up.
ITM is a different kettle of fish....hence the crash back to 70p
Posted at 16/5/2025 11:05 by loglorry1
Why not go back to a presentations a few years ago and see what AFC promised investors revenues would be then? I think if you do you'll find they were promising a similar story as they do today and yet they didn't deliver then. Why is it different this time?

Here is a presentation from 2017 hxxps://www.afcenergy.com/media/h4inl5lm/afc-energy-presentation-2017.pdf

They claim 1Gw of installed production by 2020 (don't think that happened). They claim JV with a partner to bring on generation to be able to pay dividends.

Let's look at the investor Q&A in 2020 (5 years ago) hxxps://www.afcenergy.com/media/1djd5aiy/agm-q-and-a-2020.pdf

Just more waffle and excuses for non-delivery of anything tangible.

By 2022 hxxps://www.afcenergy.com/media/h2rjqfwx/afc-energy-agm-presentation-7-april-2022-_final.pdf we have revenues! A whole £592,800!

And of course a load of new promises none of which have not been delivered apart from a very dodgy and small contract with Speedyhire.

The latest share price is to get people short so they can raise. They need to raise a lot though so the discount will be large.
Posted at 16/5/2025 11:02 by new tech
- 20/3/2025, AFC Investor Presentation (Verbal + Slides):

- "From 2026, hydrogen provided by [AFC] Hy-5 [Ammonia Crackers], in conjunction with AFC Fuel Cells [generating electricity], aim to provide TCO parity with Stage 5 Diesel Generators"...Deployment of the fuel cells, expected to generate revenues of "a couple of hundred million [£] pa", and conservatively aim for Hy-5 Crackers [and other versions] to generate "£650 million pa"* revenue by 2030..."at a price point that no-body [else] can get close to."



...............

- 23/4/2025, AFC AGM Presentation (Slides):

Market Opportunity by 2030:

Slide 3, Hyamtec [AFC Hy-5 Cracker]: Revenue £650m pa*
Slide 4, Fuel Cell: Revenue £200m pa
Slide 5, Group: Fuel Cell £200m pa + Cracker £650m pa* = £850m pa revenue @ 40% gross margin & £340m gross profit

Slide 7, Other Upside Potential:
Export revenue from HY-5, Portable Appliance (Fuel Cell), Off highway (Cracker), Electrolyser Displacement (Cracker), Product Range Extension (100kW, 200kW, 500kW) (Fuel Cell)

* Cracker revenues £650m pa - UK market only
Posted at 14/5/2025 22:36 by jaknife
beeezzz,

"That's assuming they don't sign any contracts"

You write that as if you think that signing contracts would be a good thing for AFC. Is that what you think?

In the full-year to 31 October 2024 AFC generated revenue of £4,002k, you can read the numbers here:



You will see immediately below that number that it cost AFC £5,868k to make the "stuff" that it sold for £4,002k and, in consequence, AFC made a gross margin loss of £1,866k.

In simple terms you might say that AFC paid their customers £1,866k to buy their "stuff". Alternatively, a much simpler analogy is that they're effectively selling pound coins for 68p!

So every contract that AFC signs means additional losses! You can see this in post 27,419 above - Revenues in the year ending Oct 2025 are £10.1m, resulting in losses of -£15.7m and, when revenue increases in 2026 to £21.1m, the losses increase to £26.3m.

AFC really is a huge destroyer of shareholder value, it is paying its customers to buy its product!

JakNife
Posted at 14/5/2025 19:42 by new tech
- AFC Investor Presentation (20/3/2025) Verbal + Slides:

- "From 2026, hydrogen provided by [AFC] Hy-5 [Ammonia Crackers], in conjunction with AFC Fuel Cells [generating electricity], aim to provide TCO parity with Stage 5 Diesel Generators"...Deployment of the fuel cells, expected to generate revenues of "a couple of hundred million [£] pa", and conservatively aim for Hy-5 Crackers [and other versions] to generate "£650 million pa"* revenue by 2030..."at a price point that no-body [else] can get close to."




- AFC AGM Presentation (23/4/2025) Slides - Market Opportunity by 2030:

Slide 3, Hyamtec [AFC Hy-5 Cracker]: Revenue £650m pa*
Slide 4, Fuel Cell: Revenue £200m pa
Slide 5, Group: Fuel Cell £200m pa + Cracker £650m pa* = £850m pa revenue @ 40% gross margin & £340m gross profit

* Cracker revenues - UK market only
Posted at 14/5/2025 13:17 by loglorry1
AFC say they will soon be able to produce Hydrogen from their mobile unit at £10/kg using Hy5 (from ammonia so not green hydrogen) on site which they claim is disruptively low.

The cost of producing grey hydrogen - is currently between $0.70 and $2.20/kg (hxxps://www.rechargenews.com/energy-transition/green-hydrogen-will-be-cost-competitive-with-grey-h2-by-2030-without-a-carbon-price/2-1-1001867)

So taking the mid point $1.45/kg vs AFC's claim of $13.3/kg being best in class.

Is the difference the shipping costs of Hydrogen? Well these are high but only about $2/kg to ship per 100Km taking us to around $3.45/kg.

Does anyone know how AFC can make these claims?

Also they claim to be able to compete with a diesel generator at that price. However diesel generators can produce at 33p/KWh at full price 100p/l diesel. About half that price without the tax. This also includes capex and opex of the diesel gen.

The best fuel cells can produce around 13kWh per Kg of Hydrogen which is 77p/KWh way more than diesel and this ignores Capex.

How again can AFC make these claims the numbers don't add up?
Posted at 25/3/2025 15:45 by jaknife
vatnabrekk,

"I thought the idea of shorting was to increase the short while the share price was high, not when it's in the gutter!"

AFC isn't "in the gutter". At the current 5.89p share price the market cap is £50.3m!

If you look at last week's accounts:



£50m is about twice the tangible book value!

AFC won't be "in the gutter" until it hits something like a £10m market cap - about 1.23p a share!

JakNife
Posted at 21/3/2025 08:13 by yellowf123
@PJ84,
As a long suffering shareholder here at AFC, the past 5 years have been dismal.
Watching the video from yesterday I was refreshed by the cander of the CEO&CFO.
However on further reflection I do see their business plan for the next 12-18 months flawed.
My rational is as follows:

They expect the market to recognise their delivery and the share price to rise accordingly.
Deliver what exactly?.
There will be no more 30kW generators for the near future while they design in the cost savings.
Cash burn is £1M/month for headcount and to keep the lights on.
What cash is there for further improvements and certifications etc, product improvements for HY5?.

They claim HY5 orders are expected 2026.
If it was early 2026, they may have said H1-2026. Realistically it’s likely to be EOY-2026, best case.

In Summary.
Cash will run out by March 2026(best case).
There will be no delivery of generators for the foreseeable, how can they demonstrate any delivery?.
What catalyst is there for the share price to rise?.

As investors we are hanging on a wing and prayer again that some company may want to partner with AFC for HY5.
Which incidentally we have been waiting for, for the pas 12 months already..
Afc Energy share price data is direct from the London Stock Exchange

Afc Energy Frequently Asked Questions (FAQ)

What is the current Afc Energy share price?
The current share price of Afc Energy is 16.30p
How many Afc Energy shares are in issue?
Afc Energy has 854,357,806 shares in issue
What is the market cap of Afc Energy?
The market capitalisation of Afc Energy is GBP 147.46M
What is the 1 year trading range for Afc Energy share price?
Afc Energy has traded in the range of 5.00p to 19.78p during the past year
What is the PE ratio of Afc Energy?
The price to earnings ratio of Afc Energy is -7.85
What is the cash to sales ratio of Afc Energy?
The cash to sales ratio of Afc Energy is 34.09
What is the reporting currency for Afc Energy?
Afc Energy reports financial results in GBP
What is the latest annual turnover for Afc Energy?
The latest annual turnover of Afc Energy is GBP 4M
What is the latest annual profit for Afc Energy?
The latest annual profit of Afc Energy is GBP -17.42M
What is the registered address of Afc Energy?
The registered address for Afc Energy is UNIT 71.4 DUNSFOLD PARK, STOVOLDS HILL, CRANLEIGH, SURREY, GU6 8TB
What is the Afc Energy website address?
The website address for Afc Energy is www.afcenergy.com
Which industry sector does Afc Energy operate in?
Afc Energy operates in the ELEC INDL APPARATUS, NEC sector

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