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AFC Energy plc (AFC)     

greekman - 17 Nov 2015 07:44 - 1098 of 1468

Todays RNS is one we have been waiting for.

Manufacturing partner has, 'Global reach', 'Leading manufacturer service company' (so excellent capacity for gearing up production), 'Manufacturing process optimisation ,cost reduction', (so a bigger profit margin for AFC).

They would not be looking at this if they did not have at least a few orders round the corner.

2016 should be very interesting.

HARRYCAT - 17 Nov 2015 09:02 - 1099 of 1468

AFC Enters Heads of Agreement with Global Manufacturing Partner

AFC Energy plc is pleased to announce that it has signed a Heads of Agreement with a global manufacturing partner for the international procurement and manufacture of its leading alkaline fuel cell systems.

The Heads of Agreement sets out the basis of a proposed manufacturing services agreement, the terms of which will be negotiated over the coming months with AFC expecting to make an announcement on the final terms of the deal thereafter.

The prospective manufacturing partner has global reach, is widely regarded as a world leading manufacturing services company, and will offer manufacturing support to AFC, and to support value engineering, manufacturing process optimisation and therefore cost reduction through a competitive procurement of the supply chain and leveraging the network and existing infrastructure.

Mr Adam Bond, AFC's Chief Executive Officer, said: "Having met representatives from our prospective manufacturing partner on their visits to our Surrey-based head office, I'm confident in our ability to close a deal that will reflect the mutual opportunity for both parties in taking this transaction forward, and in their capability to deliver on AFC's aggressive growth trajectory envisaged over the coming five years as we progress towards our targeted 1GW of power generation in place or under development by 2020."

Mr Bond further commented: "Whilst I expect negotiations on a manufacturing services agreement to progress over the coming weeks and months, I believe the signing of the Heads of Agreement is further validation of the global interest being shown in fuel cell technology generally, and specifically in AFC's offering and positioning within this international market."

mentor - 23 Nov 2015 15:19 - 1100 of 1468

Is AFC ready for the bounce?
Indicators are pointing to that as the SP has a strong turn around at 12pm from being well down on the day to go positive and well up so far

Chart.aspx?Provider=EODIntra&Code=AFC&Si

skinny - 24 Nov 2015 07:20 - 1101 of 1468

AFC and Dutco Sign Heads of Agreement

AFC and Dutco Sign Heads of Agreement to Develop Business Plan for Large-Scale Fuel Cell Deployment across the Middle East


AFC Energy plc (AIM: AFC), the industrial fuel cell power company, is pleased to announce that it has signed a Heads of Agreement with DNR Industries Ltd., part of the leading Dubai-based investment and project developer, Dutco Group of Companies ("Dutco") to jointly fund and develop a business plan for the large-scale deployment of AFC's fuel cells across the Middle East.

The business plan will focus on defining a commercial strategy for what is expected to be a significant commercial fuel cell deployment opportunity, and pending the outcome of the business plan, is anticipated to result in the formation of a joint venture between the two companies to execute the plan commencing in the first half of 2016.

The joint venture between AFC and Dutco, is expected to cover the deployment of AFC's fuel cell across the United Arab Emirates, Kingdom of Bahrain, Kingdom of Saudi Arabia, Sultanate of Oman, Qatar and Kuwait. Based on initial estimates from market soundings already undertaken in the region individually and collectively by AFC and Dutco over recent months, this could present an opportunity on its own to deliver a large percentage of, if not in excess of, AFC's stated target for 1GW of fuel cell development by the end of 2020.

The business plan will also explore potential commercial models for the joint venture between the two companies with a long-term strategic view being taken regarding the prospect for a regional power utility.

more....

greekman - 24 Nov 2015 07:47 - 1102 of 1468

Hi Skinny,

Looks really good, but I wonder how the sp will be effected as I have almost given up trying to read it.

Cant get much better than this.

I have tried to look into Dutco but all links appear to be down, 'page can not be reached'.

Shock perhaps!

skinny - 24 Nov 2015 07:51 - 1103 of 1468

Yes their site appears to be "offline", a brief description here.

HARRYCAT - 24 Nov 2015 08:46 - 1104 of 1468

AFC Investor Day Presentation
AFC Energy (AIM: AFC), the industrial fuel cell power company, announces that Mr Adam Bond, AFC's Chief Executive Officer, will present at the Company's annual Investor Day event at Dunsfold today. The presentation will be followed by a tour of the Company's facilities and a Q&A session.
No new price sensitive information will be discussed by the Company.
The presentation will be available on the Company's website.

mentor - 24 Nov 2015 22:34 - 1105 of 1468

Is AFC Energy plc A Better Buy Than Ophir Energy Plc & Vedanta Resources plc?
By Motley Fool | Tue, 24th November 2015 - 15:58

The energy and resources sectors have endured a horrific year, with many of their constituents posting major share price falls. Of course, the key reason for this is a slump in the price of a wide range of commodities such as oil, and this has led many investors to consider whether the global energy mix is now set to change at a rapid rate.

In other words, while energy demand is forecast to rise in-line with an increasing world population and the industrialisation of the emerging world over the next few decades, the proportion generated by cleaner methods may be higher than previously thought. As a result, many investors are now seeing the glut in supply of a number of resources and concluding that growth is more likely to positive in cleaner, greener fuels in future years.

One company which has benefited from this shift in investor sentiment is alkaline fuel cell producer AFC Energy (LSE:AFC). Its share price has risen by 220% since the turn of the year as it has gradually progressed through a number of its key milestones as it seeks to complete its 2015 Power Up programme.

Further positive news was released today, with AFC signing a Heads of Agreement with Dutco to jointly fund and develop a business plan for the large-scale deployment of AFC's fuel cells across the Middle East. This could prove to be a strategically important region for the company and could contribute significantly to its plan for 1GW of fuel cell development by 2020.

Clearly, AFC is a relatively high risk business which lacks the size, scale and financial stability of large energy companies. However, it appears to offer high potential rewards and, with it turning a profit in its most recent half-year, appears to offer a more viable business opportunity than many equivalent-sized oil or mining exploration companies. As such, for less risk averse investors it could be a sound long term buy.


Chart.aspx?Provider=EODIntra&Code=AFC&Si

HARRYCAT - 27 Nov 2015 12:42 - 1106 of 1468

Hmmmm....looking a bit dire at the moment. Averaging down at some point is looking like an option which I didn't particularly want to do.

greekman - 27 Nov 2015 12:57 - 1107 of 1468

Hi Harrycat,

Looking at the high volume today I can see no reason for such volume so it looks to me like MM Manipulation.

HARRYCAT - 27 Nov 2015 13:03 - 1108 of 1468

The sp has been steadily dropping since august, so not sure the 'manipulation' theory is totally correct.

mentor - 27 Nov 2015 14:01 - 1109 of 1468

greekman

re - volume

there is a two way trading, but all started with sells, mainly on the order book.at one time there was 200K at 27.50p and another 57K at the same price, there was some good buying at that price and soon the "AT" took them all at one go. since more has been added and they are not small size.
meaning there is a seller around on then order book and that is who runs the business including today.

trades earlier when the 257K at 27.50p on the order book offer side were taken
note - trades placed on the offer side are sells, and will be taken as "AT"

27-Nov-15 10:49:48 27.50p 10,000 A

27-Nov-15 10:49:48 27.50p 57,500 A

27-Nov-15 10:49:48 27.50p 63,000 A

27-Nov-15 10:49:37 27.50p 50,000 A

27-Nov-15 10:47:26 27.4999p 10,000 O

27-Nov-15 10:38:07 27.50 37,000 A

mentor - 27 Nov 2015 14:13 - 1110 of 1468

Small spread at the moment 27.50 v 27.75p

with 20K v 28K at price, already 2x10k taken since the offer at 27.75p

The positive thing would be if share price bounces to a small loss for the day and the Candle stick is a black hammer, it would be too much to expect to be a white hammer that would mean a small rise.
The TA then would be bullish as it would be considered as a reversal signal

cynic - 27 Nov 2015 14:22 - 1111 of 1468

it's certainly a strange one this
perhaps it's someone steadily lightening their (over)load for there certainly seems to be no bad news around

cp1 - 27 Nov 2015 14:44 - 1112 of 1468

Simples.

CWR and ITM 10 year chart performance might give a clue..

oh and jam tomorrow won't work in a bear market.

required field - 30 Nov 2015 21:42 - 1113 of 1468

What's happened to this....good news and it dives...(;(....

mentor - 30 Nov 2015 23:16 - 1114 of 1468

CLEAN ENERGY AND BILL GATES

http://money.cnn.com/video/news/2015/11/30/bill-gates-cop21-clean-ener

greekman - 02 Dec 2015 08:58 - 1115 of 1468

As I have seen the sp continually dip I have been determined to hold and not add, but at todays price which I see as a bottom, I could not resist topping up.

Surely the sp must finish the year well up from todays price.

cynic - 02 Dec 2015 09:01 - 1116 of 1468

i confess i do not understand the persistent selling of late

mentor - 02 Dec 2015 09:59 - 1117 of 1468

Is that Capitulation?
Shorters have managed this morning to bring the stock down to 20.25p on very large volume since

there was a delayed 200K at 8.40am, @ 21p that did not help on the way down and still some 50K and 30K sells from time to time

Low at 9am and since some bounce back
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