http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

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.

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.

Hi Harrycat,

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

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

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

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

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

Simples.

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

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

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

CLEAN ENERGY AND BILL GATES

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

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.

i confess i do not understand the persistent selling of late

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

I can't see much point in trying to catch the falling knife. There is no way in knowing where it's going to find support. Happy to wait for sub 20p, which is likely imo.

Order book a bit stronger now as is consolidating after this morning large drop. At the moment Market Maker NITE is playing about putting trades at top bid price 22p and then lower offer price 22.25p, so share price is up and down as the trades at taken.

from BumbleB

re - last week Investors day

I attended the investors day last week. I saw them manufacturing the new 101 cell stacks, - they were preparing number 20 of 24. These are the most expensive part of Kore (about 80% of the cost I have been told in the past) so if it was not working well I do not think they would have had the final stacks made.

As many of us have said Bond was very bullish about getting things working in December, and they are organising an opening ceremony for locals and MEPs in January.

Bond made a big play about hitting milestones - of which a fully functing Kore is the last one for this year.

Finally a report on the Powerup project was given to the EU two weeks ago. They approved it, so they are obviously pleased with the work that has been done.

The presentation is on this link, about 2 hours and 30 minutes into the film of the event.

Might be better spending the time watching the video than reading some of the rubbish I have read on here from some alarmist posters today.....

I would expect to see Kore working this month.

Sub 20p. Not sure now where the bottom might be, but hoping 17/18p is about it.

Que sera sera.... but a higher price today .....will be

the lowest intraday this morning... will be ..... a thing of the past.... que sera sera

Going places as the day goes on

Market Makers must have beeen on the know that the seller ( Lanstead) had finished selling, so any good size buying will push the price higher now.