http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

Shooting up again...what a share.....

It's going ballistic again.....blimey...might go higher than before.....

Starting to wonder if there is not a takeover or something..plus 20p....so far..

Well this is a pleasant surprise....what a rebound....

rf - i got my wish dude - the reversing stopped - what a fantastic little share - i am very pleased to be in this one - i have gone from wondering if i made a mistake topping up at 55 yesterday to top slicing today - what a week with des and others - might go mad and may treat myself to a half a lager shandy tonight!!!! LOL LOL LOL

Feeling smug having bought back at 57p. Hope I feel even smugger next week!

With BG investing a fortune in Northen Australia with that coal project......might send this a lot higher this morning....

Some people believe that MMs do not play game. Funny then how the last 4 reasonable buys are showing late, whilst no sells are.
Coincidence of course.
I wonder how many more even larger buys are not yet showing.

I very rarely if ever post that I have bought/sold, but in this case I will make an exception. Reason being we continually see comments such as, 'Anyone selling is a fool', 'Why are some selling, can't investors see the potential', Sellers are being shortsighted', etc.
It does not follow that all sellers are any of the above, or that they lack confidence in the company.
Several days ago, I sold a small percentage of my holding at 60p, not for lack of confidence, but purely for the simple reason I wanted to cover any potential future losses. I sold just enough so that I hold all my remaining shares at a win, win situation. Even if the shares totally bottom out, leaving my holdings a zero (impossible, I know) I would still be in profit, abet a very small one.
Since my sell, I spent about 50% of the amount gained on buying back in at 54p, which although now putting me in a position of no longer having a totally no loss holding, the sell then buy made me some profit.
With the current sp, I would be in a similar position if I had not sold/bought back in, and now I am no longer siting on a fully covered position, but I have a bit more cash.
When I did sell, it was not for lack of confidence by any way, shape or form, it was purely to cover my bet so to speak. No doubt other have done the same by selling a slice of their holdings, with some who did not buy back in, now sitting on a profit, whilst retaining a holding that no matter what, will even in the worse scenario (well anything above zilch)make them a further profit.
My present confidence level is higher than ever, but I for one won't knock anyone who sells. They may have many legitimate reasons. Some have and give a better reason for selling than some do for buying.
If they post utter tripe then that is different, and that goes for buying as well as selling.
To those who have held 100% and never been tempted to sell best of luck, as you have more to loose, although of course more to gain. When everything comes together, you will probably be the bigger winners, and 'you deserve to be' as you are taking the bigger risk. And no matter what some post on here, there is always a risk, no matter how minuscule.
As to those that sell, because they have either no confidence and or lost confidence in the company, then I fully believe they are making a big mistake, but it is their mistake.

I purchased at around 18p and sold at 74p, 69p and 47p - simply because it was a fantastic profit and thought they have gone too far too quickly.

Will buy back in if they fall below a certain point (not yet though)

Nice profit Hellsing001

I sold I think 50%...but still in with a fair old wack....as much as in Afren and I rate that highly in spite of those kidnapper bastards....anyway.....this fuel cell stock and ITM interest me a lot....do you know that I still don't fully understand how these fuel cells work....energy from hydrogen or coal with...no polution ?...and just water as a byproduct...?...I'll sign up to that anyday !....

This stirring the natives,"No Dought"?
cyril

AFC Energy PLC

("AFC Energy" or the "Company")



Result of Independent Technology Review



"Technology team is clearly operating above expectations"



AFC Energy PLC (AIM:AFC), the world's leading developer of low-cost alkaline fuel cells, has received a positive independent review of the technical activity of the Company from Dr. Jon Helliwell, Project Manager, Fuel Cell Applications at the Centre for Process Innovation ("CPI").



Highlights of the review include:



The author, Dr. Jon Helliwell, is convinced that the Company will deliver the objectives of its development plan. The degree of focus being applied by the Company to the delivery of its cost and technology objectives, and the technology developments observed by the author, leave him in no doubt that AFC Energy will deliver its first commercial system in line with its projected development timescale. It has been another exciting period of development for the organisation.



The Company has now moved away entirely from its former Scimat-based electrode technology to its novel metal-based electrode technology. This has been proven in both individual and stack tests and now forms the basis of its electrode development.



The manufacturability of the new electrode and cartridge arrangements have already been examined by the Company and its manufacturing strategy partners WSP/CEL. A pilot development area incorporating key equipment has largely been established



The test capability of the Company has increased again as new, more accurate, electrode test equipment and procedures have been introduced



The author believes that the Company is maintaining an appropriate balance between the focus on commercialising the consolidated system design and the innovation that supports its technology development plans.



Its reorganised technical team is clearly operating above expectations and the Company has also successfully demonstrated that its metal electrode and beta system cartridge concepts are practical and robust.



Commenting on the report Ian Balchin, Chief Executive of AFC Energy said:

"We are, of course, delighted that the progress the Company is making has received such a positive review from an independent expert. It is an endorsement of our achievements so far and the commercial viability of our product. I believe that as we continue to develop the technology, regular independent verification is important in guiding both management and shareholders.



The UK is looking for a system that satisfies green energy demands and we are close to providing it."





A version of the CPI report suitable for publication will be made available on the Company's website later today.

thought would get more north movement today - i reckon tomorrow will be a better day - but cant grumble at today's rise
personally expecting a spike of at least 75 maybe 80+ tomorrow or monday!

strange day - interesting data here:

http://www.afcenergy.com/wp-content/uploads/CPI_03-11-10.pdf

Fear fuels Fear.

Looking at many of my shares today, I see the share prices dropping by quite big percentages. Is this due to these companies suddenly becoming a poor investment?
No! as most of these are companies are pioneers in their own specific fields of expertise and have innovative ideas that will 'save money', especially important in the coming days of austerity.
The sp of these companies are going southward due to two main factors. The first and most serious, being a general fear of all things financial due to the current situation in the Euro Zone. The second fear of others getting out of the market before we do therefore triggering an even bigger sell off.
Although, not easy, now must surely be the time to re-visit all the reasons why we bought into these specific companies in the first place.
Do the fundamentals still stand scrutiny. Does the company look well run. Does the future look good for these companies products. Are there customers out there, ready and waiting.
If the reasons are still relevant, or in the case of AFC even more so, then the time to hold your nerve is even more important.
Easier said than done, but don't let fear breed fear.

Whats changed in the last few days for AFC. Nothing.

The sp is dropping over the last few days, through pure panic on the markets in general. Yes, the buys today for AFC are showing just below the volume of sells, but that is purely due to the fact that no one was looking to buy till the sp started its drop.
Very few buyers were willing to buy at yesterdays closing price.
People are worried. They are trying a very difficult balancing act. They expect the general market to continue to drag these shares downward.
As long as the general market malaise continues, that will happen, the downward trend for AFC will continue.
The only things that will change the sp direction, is either general market good news, or we start receiving those AFC RNS's. (Be nice if we got both)
Our problem with the way things are going for AFC is do we chance jumping out now, then sitting and waiting till things steady once again, or do we sit it out.
My own feeling is that if we jump out now, we will stand a good chance of being out when the good ship AFC comes sailing in.
I think most long termers, who have followed and believed in AFC for many a month/year will sit it out, whilst those who are new to the share and day traders will take any profit they have and run. They will I feel be joined by those newer holders who are sitting on a small loss, who will take a small hit as they can't risk a bigger loss.
I am prepared to sit tight and hold my nerve, but I am not going to advise others to. In situations like the last few days, it is each to their own.
The biggest problem for both AFC and the markets in general is that panic is breeding panic.
My decision to stay in is not 'Heart ruling head, or falling in love with this share', it's based on faith in the fundementals (the market cap is now obviously lower), the management that are still doing what looks like a great job, and the companies potential.
None of this has changed (except the MCAP) over these last few days.

Up a bit today.....news should be coming soon....

Europes collaborative effort to develop and commercialise fuel cells and hydrogen took a step forward this week when the body responsible for the 1 billion public-private partnership was freed of the Commissions fetters, streamlining administration as it seeks to push fuel cells and related technologies to market.

Also some award (funding?) due out tomorrow,can't find the link though.
cyril

Hi Niceonecyril,

I'm positive about AFC, but have difficulty believing that anything to do with our European masters can streamlining administration in any way shape or form. (getting more cynical if possible, the older I get)
Saying that I think the fetters holding back fuel cell technology will slacken naturally by market demand.
Still the European release can't do any harm, so a good find all the same.