http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

I suppose another month of patience won't hurt me will it Greek?!

Well I'm staying put......a sharp rebound might be coming....not definite but this does fly when it wants to....

Progress Update

Highlights
· AFC remains on target to deliver on each of its two final Milestone's at Stade, namely Milestones 10 and 11, in accordance with earlier timeframes
· The Company continues to develop its commercial pipeline of opportunities with its current and prospective partners internationally

Mr Adam Bond, AFC's Chief Executive Officer, said: "At this time, we wish to reassure shareholders that AFC remains on target to deliver on its key milestones announced in December 2014. We will provide further updates to the market on the KORE system at Stade and other commercial developments in the near future."

Well, MrBond must have been listening/watching!

It's a bit sad that a Company has to issue an RNS to reassure investors really , just because there's no news is that a reason to hammer the share price . This seems to be very common now with shares , you have to wonder if it's not a tactic employed by someone . Sometimes the amounts involved are ridiculous . Who benefits .

I for one am very glad of this RNS.

This bit alone is worth the RNS, 'The Company also wishes to confirm that it continues to make progress in the development of its fuel cell catalyst and at this time, has seen further recent improvements in the power output generated from the cells as compared with that currently being trialled in Stade; this provides further confidence that the AFC fuel cell will be in a position to achieve its targeted capacity output of the KORE by the end of 2015'.

Also..........'We remain confident that the scope of the Company's pipeline, being an expected 1GW of capacity under development or in operation by the end of 2020 will be delivered and indeed, most likely exceeded'.

Lovely word EXCEEDED.

If this had been a main market company instead of the AIM a RNS stating that the company knows of no reason re extraordinary volatility in it's sp would have been released well before now.

Most of the top 100 company tend to release such reassuring RNS's whenever the sp drops by even as low as 10% within a month, main reason being that the main investors in these companies tend to be institution who look for reassurance for their clients.

That is if course unless the whole market suffers from a catastrophic loss.

Disappointing share price I have to say but so is the rest of the market.....

howwid :-(

May be support on the 200 MA?

Just have to sit through these bad times I'm afraid......a rebound should come but when ?...perhaps there might be a good rise in the runup to Christmas...

200 MA held and strong bounce today. Lets hope it's sunshine all the way now!

Sunshine low on the horizon then!

Or another false dawn!

Yesterday's closing Candlestick was a Bullish Hammer ( This pattern occurs at the bottom of a trend )

Bullish Harami here we come then!......maybe.

Not quite the same thing Harry - but here's hoping anyway.

is that kobe beef?

Oh great! I thought a Bullish Harami (not Pastrami) followed a bullish hammer. Back to drawing board for me.

DEFINITION OF 'BULLISH HARAMI' :-)