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AFC Afc Energy Plc

21.45
1.05 (5.15%)
Last Updated: 15:34:46
Delayed by 15 minutes
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
  1.05 5.15% 21.45 1,885,503 15:34:46
Bid Price Offer Price High Price Low Price Open Price
21.15 21.50 21.80 20.95 20.95
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Elec Indl Apparatus, Nec 227k -17.48M -0.0234 -9.12 159.33M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:36:11 O 466 21.458 GBX

Afc Energy (AFC) Latest News (3)

Afc Energy (AFC) Discussions and Chat

Afc Energy Forums and Chat

Date Time Title Posts
20/5/202414:25AFC Energy1,579
20/5/202414:04AFC Energy - The New Positive Thread Mk II25,169
18/12/202321:1312 years and still no sales3
18/5/202216:13AFC Energy to soar in 2008 (10 Bagger)1,482
15/12/202120:34Comms-

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Afc Energy (AFC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:36:1221.4646699.99O
14:34:4621.451,916410.98AT
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14:34:4621.4036,2407,755.36AT
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Afc Energy (AFC) Top Chat Posts

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Posted at 20/5/2024 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 20.40p.
Afc Energy currently has 746,261,171 shares in issue. The market capitalisation of Afc Energy is £160,073,021.
Afc Energy has a price to earnings ratio (PE ratio) of -9.17.
This morning AFC shares opened at 20.95p
Posted at 20/5/2024 07:01 by skinny
Highlights



· Niftylift is one of the largest mobile elevating work platform (MEWP) manufacturers in Europe and sells its market-leading products worldwide.



· AFC Energy and Niftylift have agreed a collaboration whereby AFC Energy will sell S Series fuel cell modules into Niftylift's Hydrogen - Electric (H2E) range of powered access MEWPs.



· AFC Energy will design and sell its S Series fuel cell modules packaged specifically for Niftylift, based on its next generation S Series architecture, in early 2025.



· Niftylift will integrate the modules into their H2E platforms before assessing opportunities to scale the fuel cells into larger MEWPs.



· Global sales of Niftylift's zero emission H2E series of powered access machines into Europe, the United States and Middle East already highlights the immediate opportunity and scale of the market.



· Niftylift supply its H2E platform exclusively to Speedy Hire in the UK to support decarbonisation of the construction market which fully aligns with AFC Energy's sector focus, both in the UK and internationally.



John Keely, Managing Director of Niftylift, said:

​"We have been thrilled at the large uptake shown in the UK and overseas for our world first H2E range of powered access units. Our collaboration with AFC Energy as a market leader in fuel cell technology further enhances our strong reputation in offering zero emission powered access equipment to a growing international market and further underscores our commitment to advancing our technology whilst doing so in a sustainable way."

Adam Bond, Chief Executive at AFC Energy, said:

​"Decarbonisation of industry through the displacement of diesel is a clear strategic focus for AFC Energy. We are excited to be working with Niftylift in further enhancing their H2E powered access offering with zero emission fuel cell modules. The agreement builds on our H-Power Generator offering by opening new opportunities for system integration with heavy plant and equipment. Combining the volume of fuel cell modules deployed in H-Power Generators with new partners such as Niftylift, builds on the economies of scale available through our supply chain, driving down costs to end users. We look forwards to working closely with Niftylift on this exciting new partnership."
Posted at 09/5/2024 21:23 by haggismchaggis
A great presentation a the Capital Markets Event today, they must have been REALLY impressed!
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My picks from the presentation and a few thoughts:

"Strong customer interest with first generators expected to hit sites this month."
"Speedy "Delighted to be in partnership with Adam and the AFC Energy team"

TAMGO customers include Aramco, NEOM and other Saudi mega projects
Target to deliver in-country manufacturing to support regional demand

"No intention to become mainstream hydrogen logistics business"

That is another reason why I think the Ammonia Cracker has been specifically setup as a separate business, so it can be floated off of sold for a few hundred million to an Ammonia producer, Electrolyser manufacturer, big oil major, or someone like that, it makes no sense to make it a separate business if AFC are going to pursue it themselves. If they are not going to pursue Hydrogen Logistics, I see no logic to them pursuing an Ammonia Cracking business either, as that would also involve Ammonia Logistics. I just can't see AFC wanting to be involved in the logistics for the following, that is the realm of a massive global corporation that has all the infrastructure already in place:

Potential Markets for an Ammonia Cracker
Rail
Truck stops
Tube Trailers
Construction
Grid Support
Maritime
Mining
Excavation
Asphalt
Grain Drying
Steel
Steam Generation
.
Then we see ICL are already on it and are big enough to pay a fortune for that side of the business:
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"ICL clearly see the opportunity around the Hydrogen market for both their own use and for the supply of Ammonia and Hydrogen to others"
"The AFC Energy Ammonia Cracker is central to utilising Hydrogen at our manufacturing sites and developing the customer market for ICL"
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"Great to have Benedikt Eska on board, very impressive CV."
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"Illuming’s network includes stack manufacturers with significant production capacity."
"AFC Energy is one Illuming Power’s fastest scaling customers"
"AFC Energy’s Hydrogen Power generator components represent a significant opportunity comparable to mobility applications"
.
AFC facility:
"Investment in the current facility completed last year"
"Big enough footprint to house entire organisation for baseline output with room to grow"
.
"Outlook
2024’s focus is on delivery!
We have put in place the foundation to facilitate:
routes to market with Tier 1 partners
H-Power Generator deployments to the field from this month
technology validation through satisfactory factory acceptance tests
links to international component and manufacturing partners
growth in production capacity both internal and external to support growth
Addressable markets offer rapid access through policy and regulation with sizeable growth potential
Blue sky value from ammonia cracking which the Board believes is not reflected in today’s share price"
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I said that AFC would tell them in no uncertain terms that the Ammonia Cracker was worth GBPxxxm 'way more than the MCap of the company'. The last line above from the presentation would have been explained by the presenter. They even brought in ICL to make the point even more clearly.
Posted at 09/5/2024 21:15 by haggismchaggis
Yes bmel, a great presentation, they must have been REALLY impressed!
.

.
My picks from the presentation and a few thoughts:

"Strong customer interest with first generators expected to hit sites this month."
"Speedy "Delighted to be in partnership with Adam and the AFC Energy team"

TAMGO customers include Aramco, NEOM and other Saudi mega projects
Target to deliver in-country manufacturing to support regional demand

"No intention to become mainstream hydrogen logistics business"

That is another reason why I think the Ammonia Cracker has been specifically setup as a separate business, so it can be floated off of sold for a few hundred million to an Ammonia producer, Electrolyser manufacturer, big oil major, or someone like that, it makes no sense to make it a separate business if AFC are going to pursue it themselves. If they are not going to pursue Hydrogen Logistics, I see no logic to them pursuing an Ammonia Cracking business either, as that would also involve Ammonia Logistics. I just can't see AFC wanting to be involved in the logistics for the following, that is the realm of a massive global corporation that has all the infrastructure already in place:

Potential Markets for an Ammonia Cracker
Rail
Truck stops
Tube Trailers
Construction
Grid Support
Maritime
Mining
Excavation
Asphalt
Grain Drying
Steel
Steam Generation
.
Then we see ICL are already on it and are big enough to pay a fortune for that side of the business:
.
"ICL clearly see the opportunity around the Hydrogen market for both their own use and for the supply of Ammonia and Hydrogen to others"
"The AFC Energy Ammonia Cracker is central to utilising Hydrogen at our manufacturing sites and developing the customer market for ICL"
.
"Great to have Benedikt Eska on board, very impressive CV."
.
"Illuming’s network includes stack manufacturers with significant production capacity."
"AFC Energy is one Illuming Power’s fastest scaling customers"
"AFC Energy’s Hydrogen Power generator components represent a significant opportunity comparable to mobility applications"
.
AFC facility:
"Investment in the current facility completed last year"
"Big enough footprint to house entire organisation for baseline output with room to grow"
.
"Outlook
2024’s focus is on delivery!
We have put in place the foundation to facilitate:
routes to market with Tier 1 partners
H-Power Generator deployments to the field from this month
technology validation through satisfactory factory acceptance tests
links to international component and manufacturing partners
growth in production capacity both internal and external to support growth
Addressable markets offer rapid access through policy and regulation with sizeable growth potential
Blue sky value from ammonia cracking which the Board believes is not reflected in today’s share price"
.
I said that AFC would tell them in no uncertain terms that the Ammonia Cracker was worth GBPxxxm 'way more than the MCap of the company'. The last line above from the presentation would have been explained by the presenter. They even brought in ICL to make the point even more clearly.
Posted at 08/5/2024 08:15 by grinley boy
Just a reminder:AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it will host a Capital Markets Event for sell-side analysts and institutional investors on Wednesday 8th May 2024, beginning at 14.00 BST, at the offices of Peel Hunt, 7th Floor 100 Liverpool Street, Moorgate EC2M 2AT.Presentations will be led by Adam Bond, Chief Executive Officer, Peter Dixon-Clarke, Chief Financial Officer, Dr David Harvey, CTO Fuel Cells, and Dr Mike Rendall, CTO Fuel Conversion. There will also be contribution from a number of AFC Energy's key partners and customers.The capital markets event will include:· an overview of AFC Energy's portfolio of hydrogen fuel cell products and proprietary ammonia cracker technology;· the market opportunity and AFC Energy's unique positioning;· how the Company is rapidly commercialising and scaling operations;· presentations from guest speakers including Dan Evans, Chief Executive of Speedy Hire plc, covering the Speedy Hydrogen Solutions joint venture with AFC Energy.If you wish to attend, please contact AFCEnergyCMD@fticonsulting.com to register your interest.Presentation materials will be made available on the Company's
Posted at 08/5/2024 07:13 by haggismchaggis
Illuming Power to Scale S Series Fuel Cell Plate and Stack Manufacture.AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce the appointment of North America's Illuming Power ("Illuming") as the Company's first scaled manufacturer of fuel cell plates and stacks for its S Series air cooled platform. .Highlights:·     Illuming and AFC Energy sign Strategic Supply Agreement ("SSA") for large scale production of S Series air cooled fuel cell plates and stacks.·     Under a multi-year programme, Illuming, through its international network, will deliver completed and commissioned S Series fuel cell plates and stacks for installation into H-Power Generator modules.·     Illuming is currently delivering high quality fuel cell plate components to AFC Energy's design and specification utilising the latest low cost production techniques.·     Illuming, and its partners, have the ability to meet all air cooled stack requirements for H-Power Generators foreseen over the next 5 years.·     SSA is fully consistent with AFC Energy's low capital outsourced contract manufacturing strategy  ·     Orders for completed S Series stacks have already been placed with Illuming based on recent qualification of components and evidence of production quality.·Over 140 million kilometres have been driven on Illuming fuel cell stacks in the global automotive sector, evidencing its quality and ability to scale with demand..Jeff Plato, President and Chief Executive of Illuming Power, said:"We are pleased to be entering into this long term Strategic Supply Agreement with AFC Energy to support the growth in demand for its H-Power Generator platform into a scalable production product.  We have been working with AFC Energy over a number of years now and believe the market for decarbonised generators in the off-grid and backup power markets highlights a near term, sizable global market in which to pursue, lending itself well to third party manufacture.  We welcome the opportunity to support AFC Energy in its targeted growth strategy and look forward to meeting AFC Energy's investors at the Company's Capital Markets Day in May.      .Adam Bond, Chief Executive of AFC Energy, said:"Illuming Power is a valued partner of AFC Energy with over two years of collaborative work with us in supporting stack design and delivery.  Their experience in stack build, both in prototype and commercial applications with thousands of stacks currently in operation across the global hydrogen market today, makes them a reliable and trusted supplier to AFC Energy.  Their experience, alignment with our business model, and investment in their own growth trajectory, makes Illuming a key partner to AFC Energy's success." 
Posted at 26/4/2024 20:44 by yellowf123
Just getting my head around the drama of the AGM and taking in the underlying message conveyed.
I resisted the temptation to kick AB in the balls as suggested by some on this BB.

IMO there is still significant short term pain(3-5years) for investors.
We are 6 months away from financial year end, the 2nd SH system has just passed FAT. Still no confirmation that the 1st system has actually been dispatched to SH and end user.
If it has we would have been informed for sure.
We have no evidence of knowing the Sell Price of units into the SH JV, so lets take the average given by AB(in 3 years AFC will be dispatching 200 units/year with annual revenue £30M). So that's £150k/unit which is very generous I must say.
AFC expected revenue YE-2024 iro£6M.

How realistic is that?.
We have no visibility of units in the build cycle.
It seems to be taking 1 month per FAT test, again taking information given from AFC updates.
Even optimistically thinking AFC are unlikely to deliver and invoice and recognise revenue for more than max 10 units for YE-2024.
So that's a revenue of <£2M, better than £200k from YE-2023, I will give you that.
BUT it's still a very BIG miss on expected revenue from the Brokers.

What I am working round to here is the cash raise, they need to do it before YE-2024 results are announced.
My thinking is the cash raise will be much sooner than later, as in the short term the share price is only likely to drop more.

So there you have it my take on events, cash raise June/July, certainly before interim results are posted on 31st July.
The wheels are in motion now with the Capital Market Event planned for next month.
Posted at 10/4/2024 12:02 by yellowf123
Just a little reminder about the purpose of the fund-raise 3 years ago.

"The Fundraising, which was oversubscribed, has raised gross proceeds of approximately £36 million through the placing of 48,404,614 new Ordinary Shares ("New Ordinary Shares") with institutional investors and a subscription of 5,038,760 New Ordinary Shares by the ABB group, 2,325,580 New Ordinary Shares by Dutco group and 45,000 New Ordinary Shares by certain Directors ("Director Subscription Shares"), in each case at a price of 64.5 pence per share.

The net proceeds of the Fundraising will be used to support (i) the continued product development of AFC Energy and ABB's next generation high power sustainable electric vehicle (EV) charging solutions; (ii) the development of new power solutions utilising AFC Energy's alkaline fuel cell technology platform, including the high growth global data centre market in collaboration with ABB; and (iii) the continued development of the Company's scalable manufacturing capacity to address possible future growth in system demand".

Lets just break that down into its component parts to gauge what has been achieved.
i. ABB EV Charging solutions, 100kW test unit delivered 18 months ago. Still no 200kW unit, it may be delivered this year?.
ii. High growth data centre market in collaborating with ABB. Oh yes that one, the marketing guy that left ABB and joined AFC for a week or so. Took a peek under the hood at AFC technology and said WTH, speedily left the company. BTW ABB are working with Ballard for Marine and Data-center applications now. Check their website.
iii. Scalable manufacturing capacity.. UM. Yes that allowed AFC to manufacture several kettle boilers last year, the parts and inventory written off as the product had no commercial value. Building sites need more than kettle boilers folks, although Tea/Coffee is important to them..

The history of AFC and what's NOT been delivered over the years is quite humorous.
I will endeavour to share more extracts with all viewers.
Posted at 10/4/2024 07:30 by haggismchaggis
AFC Energy open invite to ii's and analysts, clearly from the details, they will be purveying in no uncertain terms how hugely undervalued the company is..AFC Energy PLC.("AFC Energy" or the "Company").Notice of Capital Markets Event.Scaling for success - commercializing AFC Energy's hydrogen power products  .AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it will host a Capital Markets Event for sell-side analysts and institutional investors on Wednesday 8th May 2024, beginning at 14.00 BST, at the offices of Peel Hunt, 7th Floor 100 Liverpool Street, Moorgate EC2M 2AT..Presentations will be led by Adam Bond, Chief Executive Officer, Peter Dixon-Clarke, Chief Financial Officer, Dr David Harvey, CTO Fuel Cells, and Dr Mike Rendall, CTO Fuel Conversion. There will also be contribution from a number of AFC Energy's key partners and customers..The capital markets event will include:.·      an overview of AFC Energy's portfolio of hydrogen fuel cell products and proprietary ammonia cracker technology;.·      the market opportunity and AFC Energy's unique positioning;.·      how the Company is rapidly commercialising and scaling operations;.·     presentations from guest speakers including Dan Evans, Chief Executive of Speedy Hire plc, covering the Speedy Hydrogen Solutions joint venture with AFC Energy..If you wish to attend, please contact AFCEnergyCMD@fticonsulting.com to register your interest..Presentation materials will be made available on the Company's website following the event.
Posted at 10/4/2024 07:01 by skinny
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it will host a Capital Markets Event for sell-side analysts and institutional investors on Wednesday 8th May 2024, beginning at 14.00 BST, at the offices of Peel Hunt, 7th Floor 100 Liverpool Street, Moorgate EC2M 2AT.

Presentations will be led by Adam Bond, Chief Executive Officer, Peter Dixon-Clarke, Chief Financial Officer, Dr David Harvey, CTO Fuel Cells, and Dr Mike Rendall, CTO Fuel Conversion. There will also be contribution from a number of AFC Energy's key partners and customers.

The capital markets event will include:

· an overview of AFC Energy's portfolio of hydrogen fuel cell products and proprietary ammonia cracker technology;

· the market opportunity and AFC Energy's unique positioning;

· how the Company is rapidly commercialising and scaling operations;

· presentations from guest speakers including Dan Evans, Chief Executive of Speedy Hire plc, covering the Speedy Hydrogen Solutions joint venture with AFC Energy.

If you wish to attend, please contact AFCEnergyCMD@fticonsulting.com to register your interest.

Presentation materials will be made available on the Company's website following the event.
Posted at 28/3/2024 12:05 by haggismchaggis
"we do know from discussion with industry, that the value of that Cracker, IS WELL IN EXCESS OF THE CURRENT MARKET CAP OF AFC ENERGY"
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Here you go with some of the video transcript. Adam Bond did not rejects a sale of the Ammonia Cracker, and from what he's said it is clearly one of the options they are looking at.
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His analogy about understanding the generator replacing vs an Ammonia Cracker is undoubtedly directed at the shareholders and investors lack of understanding of the value of the Ammonia Cracker, which explains why, if it is worth well in excess of the AFC market cap, that AFC say the company is undervalued.
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From 50m 46s on the video:
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"In the results regarding the Ammonia Cracker you say that 'we are reviewing options to capitalise on this unrealised value', do the options include a sale of the part of the business, or what other options are there"
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"There are lots of options, and this is probably not the right forum to talk about those options in public"
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"What we are very much aware of is, when we speak to investors, whether it's a private investor or whether it's an institutional investor or whether its a strategic investor, everyone understands the concept of displacing a diesel generator with something that is green, and provides functionally the same outcome. So that's an easy sell if you like, or an easy proposition to understand"
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"Once we start talking about Ammonia Crackers and the role that it plays, those who are producing large amounts of Ammonia, those who are looking to consume large amounts of Hydrogen, those who are au fait with the global trade of Hydrogen, will tend to understand the opportunities around the Ammonia Cracker technology, and, were we a private company, we would see a very different valuation being attached to the technology than if we are part of a bigger public company"
.
"So there are opportunities that we can look at to try and drive value into a Cracker business which is clearly a little bit more early stage in terms of it's, not only development of technology but also its deployment, and how you value that, we are obviously privy to some of those opportunities and the scale of those opportunities, but most of that we can't talk about without giving away some form of confidentiality or maybe even intellectual property around the application and use cases of the Ammonia Cracker."
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"So it's difficult to quantify a market value in the company, however, we do know from discussion with industry, that the value of that Cracker, IS WELL IN EXCESS OF THE CURRENT MARKET CAP OF AFC ENERGY"
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"So, when we look at it in that light, you've got to say well, there's got to be something we can do to create value in that technology, which is not currently seen in the share price, and these are the options that we're looking at and evaluating as a board, as a management team, and you know, at the right time we'll sort of, advise on we've concluded"
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Afc Energy share price data is direct from the London Stock Exchange

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