http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

Todays RNS shows that the number of shares owned by Mr Abramovich separately and also by his investment company Elvington have not altered, it is only the percentage of the total shares and voting rights that have altered, all down to the total number of shares having increased from the recent offer.

They have neither bought or sold any!

Ah, beat me to it Greek! For some reason I had a different figure in mind but it seems you are right, same number of shares!

Never easy to read these RNS's are they!

See how Abramovich is one of Putins best friend (telegraph today and BBC Panorama), now as Russia is looking for new ways to produce energy!!!! I says no more!

http://www.dailymail.co.uk/news/article-3416518

During the last few days of high wind, the owners of multiple wind turbines have been paid not to produce electricity as the National Grid can't cope with the extra power.

The premium paid per mega watt per hour not to produce is 3 times the premium paid to produce.
One wonders how that deal was concluded!

Also today EDF have cast doubt on their ability to raise the funds for the new Hinckley Power station which was initially expected to start producing power in 2017, now proposed for 2025.

As the project is backed by a government guarantee of £16 billion, who out there has any doubt that that figure will increase along with further delays.

So we have government backing for windmills that are either paid to be switched off or don't produce when mainly needed, IE cold and calm and for foreign built power stations that are expensive with the accompanying risk of being held to ransom (China involved).

AFC as we know is a UK based company with a power system that is as green as they come and will within a couple of years be able to produce electricity on demand without relying on wind or the ability of a foreign power to keep the lights on, and yet we hear almost nothing about fuel cells when energy policy is discussed by our forward (sic) looking government.

It wont be a case of, 'Will the last one out, switch the lights off', as there wont be any left on.

The policy of the mental asylum rules!

Surely they will have pre tested by now IE unofficial test.

I can't see then waiting till the last minute to officially test as it would look bad if expectations were not met, egg on ones face so to speak.

My bet is they tested yesterday and will release a RNS after close tonight in order to give the weekend for existing investors and potential investors to take the results in.

I will be on tender hooks most of the day hoping I am right (with a very positive RNS of course).

On another discussion board posters have regularly complained about the minimal amount of RNS released by AFC. I suppose the institutional investors, who are the majority shareholders, don't need to be comforted by regular updates, but the retail investors are a bit more demanding.

Hi Harrycat,

Not at all religious, but thought a quick prayer to Tyche, Greek god of fortune can't do any harm!

Great RNS.

System still needs a bit of tweaking (as expected) but the results could not be much better than this!

Shows the power of prayer, see my last post.

AFC Energy Achieves Milestone Power Output from KORE Fuel Cell System in Germany
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that following an intense and accelerated twelve month fuel cell development programme, it has successfully delivered gross electrical output in excess of 200kW at its KORE fuel cell power plant in Stade, Germany.

Highlights
The commissioning activities of the KORE system over the past five days concluding on 31 January, delivered a series of firsts for the technology with a summary of the key achievements for the AFC proprietary fuel cell cartridge and balance of plant including:

· In excess of 200kW of power produced from the fuel cell system

· The first time all three tiers of the KORE fuel cell system operated in parallel with each other to successfully dispatch power into the German power grid

· In excess of 1.3MW of power generated and sold into the grid under the Power Purchase Agreement agreed with Statdewerke Stade

· In excess of 10kW of power generated from multiple fuel cell stacks operating within the KORE against a design rating of 10kW per stack

· From a single tier of the KORE system (8 x fuel cell stacks), 83.3kW of power was generated (against a nameplate of 80kW for a single tier)

· From two tiers of the KORE system operating in parallel (16 x fuel cell stacks), a cumulative 158.4kW of power generated (against a nameplate of 160kW for two tiers)

· KORE system automation was fully demonstrated for the first time through the application of AFC proprietary software against previous manual trials

Importantly, the trial of the KORE fuel cell system in Germany last week follows an extensive work programme on the individual 101 fuel cell stack in December and January during which time significant design parameters were adjusted. These improvements resulted at one point in the 101 fuel cell stack achieving a gross power generation output of 11.7kW (against a 10kW design capacity) and a 9 fuel cell stack achieving an equivalent 14kW output (grossed up to 101 cell equivalent). The decision to delay commissioning activities in December was designed to provide sufficient time to implement a number of these changes to design parameters into the KORE module in Stade.

One of the key successes from trialling AFC's proprietary KORE fuel cell system this week is the vast quantity of operational data that has been acquired. This enables the team to fully assess and identify learnings to further enhance the fuel cell stack and fuel cell system, which at present is the largest alkaline fuel cell system operating in the world today.

http://www.moneyam.com/action/news/showArticle?id=5203838

Short lived euphoria.

My broker is also very, very slow in returning the unused cash which they took for the share offer.

Hi Harrycat,

Which broker do you use as mine had my cash back into my account on 29th Jan.

Selftrade, who are now Equiniti.

Don't know much about Selftrade.

My broker is Share deal active, which is owned by Jarvis Investment Management.

I have been with them for over 10 years and never had a problem.

They charge £9.50 per trade and £12.50 per quarter to hold my ISA, I don't trade that often so £9.50 is OK for me.

This morning energy company SSE has said it expects to close three out of four units at it's Fiddler's Ferry coal-fired power plant in Cheshire by 1 April.

The power plant provides two gigawatts of power, to the north-west of England, which is enough to supply around two million homes with electricity. No doubt others will follow adding to the current ever increasing risk that there will be an energy shortage by next winter.

Whilst I appreciate that AFC are not looking to produce 1 gigawatt of power till 2020 and that is not including the UK (allowing for their statement that they expect to exceed that) no doubt production of cleaner cheaper energy is becoming more and more urgent.

At the same time it has been announced that the biggest wind farm has been the go ahead, coupled of course with a massive increase in guaranteed future pricing

All this has to be feed for AFC, but as yet fuel cells still do not get much of a mention.

Who doubts that this has to change and will change due to public pressure of paying way over the odds for energy due to subsidising such as nuclear, wind and solar power.

We as investors, especially those of us who bought the dream of AFC many years ago have to be patient (not one of my attributes, but I am trying) as although the end of the rainbow is not yet in sight, the clouds are clearing and the forecast as far as AFC is concerned looks very bright indeed.

Almost back to share offer price......the market goes up...none of my picks do...the market goes down : all of mine do...(:(.....

You missed the boat last trime rf. Don't miss it this time!!!! ;o)

What boat ?.....I can pick them up at almost the offer price right now....I wonder how many sold at 25p which is the highest bid it went to....perhaps not many....the market is hopeless at the moment unless you watch it all the time, in that case you might be able to make some small profits ....

RNS out (but not on MoneyAm till 0715hrs).

AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that it intends to announce its preliminary results for the year ended 31 December 2015 in the week commencing 21 March 2016.



In addition the Board is pleased to announce that the Company has received, since December 2015, net cash payments from the European Union's Fuel Cells and Hydrogen Joint Undertaking ("FCH JU") of €1.071m after taking into account net cash payments to other project partners within the POWER-UP and Alkammonia programmes.



The Company undertook a fundraise in December 2015 amongst existing shareholders to, in particular, support AFC Energy's short-term working capital requirements in advance of the receipt of EU grant funds through reimbursement of expenditure for the POWER-UP project in Stade, Germany. The majority of the €1.071m funds received from the FCH JU relate specifically to work conducted on POWER-UP up to 30 June 2014. Further significant cash receipts from the FCH JU related to the POWER-UP project for the period ending 30 June 2015 are expected in due course.

StockMarketWire.com
AFC Energy, the industrial fuel cell power company, has set out its eight 2016 strategic milestones and outcomes.

Fuel Cell Stack and Balance of Plant ("BoP"):
- Milestone 1: Develop a second generation ("Gen 2") fuel cell stack and BoP during the second half of 2016

- Milestone 2: Operate the Generation 2 fuel cell stack and BoP over an extended test period (>1 month) before the end of 2016

-Milestone 3: Confirm the availability and longevity of the fuel cell system to meet minimum industry standards required for commercial deployment as agreed with project partners

Product Development
-Milestone 4: Conclude basic design and engineering on a single cartridge 10kW system capable of deployment in 2016

-Milestone 5: Conclude basic design and engineering on a 1MW capacity fuel cell system capable of deployment in 2017

Commercial Opportunities

- Milestone 6: Commence scoping studies for at least three international fuel cell projects with a focus on the Middle East and Asia

- Milestone 7: Secure contracts for at least two international fuel cell projects for delivery in 2017

- Milestone 8: Secure value added strategic partnerships with recognised industrial & institutional groups AFC's chief executive Adam Bond said: "We made significant progress across the business in 2015 in delivering against our previous set of milestones. 2015 saw a significant de-risking of AFC's proprietary fuel cell technology, which culminated in the delivery of the Company's first industrial scale fuel cell system in Germany. I firmly believe that the delivery of these new milestones will continue this momentum as our technology finishes its journey to allow the commercial deployment of AFC's fuel cell system."

and the market says, loada shit