http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

New CEO, great news.
If you wanted someone to fit into AFC's future, looking at Ian Williamson's CV you would be hard pushed to find what looks like a better ideal candidate.
I doubt that with his experience he would have considered coming to AFC unless he was 100% confident that they are heading for success.
The 1 Million share option would obviously be a nice little earner, but I have no problem with that.
I would like to see the option conditions, but no doubt they will have to be set at a position where all end up (including the shareholders) in benefit.
Not as good a news as we could have got, IE contracts, proven field test, but still very satisfying.
A company without a CEO tends to look a bit like a ship without a rudder.

Not totally relevant, but - Is hydrogen the future of motoring?

Probably, that is until solar energy is sufficiently harnessed.
I did read that the hydrogen car of the future is 10 to 20 years away from taking over from oil based fuels.
But with our modern world, who knows what is round the corner.

If you look at technology, there are many things that are now practical and in use, that were Star Trek and Jame Bond imagination from 20 to 30 years ago. So bearing that in mind, how far are we from warp speed, Mr Spock.

Warp 1 = 299792 kilometers per second.1 times C (the speed of light),
Warp 2 = 2997925 kilometers per second.10 times C (the speed of light),
Warp 3 = 11691906 kilometers per second.39 times C (the speed of light),
Warp 4 = 30578831 kilometers per second.102 times C (the speed of light).
Warp 5 = 64155586 kilometers per second.214 times C (the speed of light),
Warp 6 = 117518644 kilometers per second.392 times C (the speed of light),
Warp 7 = 196663852 kilometers per second.656 times C (the speed of light),
Warp 8 = 306987477 kilometers per second.1024 times C (the speed of light).
Warp 9 = 454485366 kilometers per second.1516 times C (the speed of light).

Hope that helps :-)

RNS Number : 7029O

AFC Energy Plc

22 September 2011

22 September 2011

AFC Energy PLC

("AFC Energy" or the "Company")

Appointment of Non-Executive Director

AFC Energy (AIM: AFC), a developer of alkaline fuel cells, is pleased to announce the appointment of David Smith as a non-executive director of the Company. David joins the board on 26 September 2011 and will represent Linc Energy, a significant shareholder in AFC Energy.

David is Chief Operating Officer at Linc Energy with responsibilities that extend across the strategic areas of its group. He is a representative Linc Energy director at the Yerostigaz Underground Coal Gasification (UCG) facility in Uzbekistan, which has been operational since 1961. He is also an alternate director for other companies in which Linc Energy has an interest.

Adam Bond, General Manager - European Operations at Linc Energy, will act as Linc Energy's alternate director when required. Adam is responsible for the development and delivery of Linc Energy's European expansion in the United Kingdom, mainland Europe and Russia.

Tim Yeo, Chairman of AFC Energy plc, commented: "Linc Energy is an important commercial partner of AFC Energy as well as a major shareholder. I am delighted to welcome David to our board representing Linc Energy and believe his experience and knowledge will bring a better understanding of clean coal opportunities and enhance commercialisation at both AFC Energy and Linc Energy."

David Smith commented: "Linc Energy has been working with AFC Energy for two years and our shareholding in the Company, which we increased in July 2011, is a clear indication of our support and belief in the technology AFC Energy is developing. I am delighted to be joining the board at such an exciting time."

Good news, shows how AFC are building an even better, stronger team.
After the last few weeks/months of waiting ever impatiently (thats my problem, not AFC's) it is moves like this that sets the pulse back to racing.
Linc and AFC obviously have 100% confidence in each other.
Thats more than good enough for me!

Skinny,

Perhaps we are nearer Warp factor 1 than we thought!

Yep sounds good Scottie ! :-)

October 2011
Embargoed until 07:00

AFC Energy PLC
("AFC Energy" or "the Company")

Commissioning of Beta Systems at AkzoNobel

AFC Energy (AIM: AFC), a leading developer of alkaline fuel cells, is pleased to inform investors that it has completed the commissioning of two commercial-scale fuel cell systems (the "Beta System") without electrodes at AkzoNobel's chlor-alkali plant in Bitterfeld, Germany. This follows the completion of the HAZOP study that the Company announced on 8 August 2011 and the commissioning of the first Beta System in the UK that the Company announced on 11 August 2011. Over the next months these Beta Systems will be equipped with electrodes and used for trials using industrially produced hydrogen.
Ian Balchin, AFC Energy's Executive Deputy Chairman, said: "The Company will now be able to begin demonstrating electricity generation in the field from industrially produced hydrogen. We are grateful for the support and expertise we have received from AkzoNobel, and look forward to continuing our close working relationship with them to advance System performance. Electricity produced from the Beta Systems will be used by AkzoNobel in its own operations offering the prospect of reduced energy costs and lower carbon emissions by avoiding carbon- based fuels."

Ends

For further information, please contact:

AFC Energy plc
Tim Yeo, Chairman
Ian Balchin, Deputy Chairman
David Marson, Finance Director
+44 (0)1483 276726



Allenby Capital Limited
Brian Stockbridge
Dan Robinson
+44 (0)20 3328 5656


Threadneedle Communications
John Coles
Fiona Conroy
+44 (0)20 7653 9850


About AFC Energy
AFC Energy is a leading developer of low-cost alkaline fuel cells. AFC Energy's technology is focused on large scale industrial applications and the objective of producing the lowest possible unit cost electricity. Please visit our website afcenergy.com


About AkzoNobel
AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today.

Industrial Chemicals
AkzoNobel Industrial Chemicals produces and markets salt and energy, chlor-alkali products and derivatives like monochloroacetic acid (MCA) and metal salts. It is Europe's largest producer of vacuum salt and a leading supplier of chlorine, caustic lye, hydrochloric acid and MCA used in the chemical, detergent, construction, food, pulp and paper and plastic industries. Its products are essential in daily life and used in the manufacture of among others vehicles, glass, performance plastics, pharmaceuticals and textiles, and in disinfectants for swimming pools.

Employing approximately 1,700 people, Industrial Chemicals has production sites at Rotterdam, Hengelo and Delfzijl in the Netherlands, Ibbenben, Frankfurt and Bitterfeld in Germany, Mariager in Denmark, LeMoyne in the USA, and Taixing in China. The business is headquartered in Amersfoort

Whilst most on here feel that at todays price, AFC is 'very under valued', that is purely based on what we expect and hope for the future.
We can bandy prices of 1 to 10 around all day, but how many actually feel that even a price of 33P is worth a punt now.
Not many by the look of things, because even at an offer price of 33p, volume is very low.
It always comes down to 'what people are prepared to pay.

Personally, with the present world financial situation, and AFC's position of being at least 3 months away from any defining price improving news, I feel the sp is just about right, IE very few people are prepared to pay me 31p for any shares I hold.
If buyer of these shares were queing up at the door, then we would know about it, but there not.

As to the future, I consider the value per share in relation to prospects ridiculously low, but until the markets do, we will be stuck at or around the present share price.

I have seen many AIM companies being towted as 'can't' fail and seen most of them go under.
I am not saying AFC are such a company, as those who have seen my previous posts will know, I feel that they will be one of the very few AIM companies that shine through the dross.

The point of my post is that we can't let our future beliefs blind us to the true value of a share at its present price, IE what it will sell for.

Greek.

DIRECTOR DEALING


AFC Energy plc (LSE: AFC), a leading developer of alkaline fuel cells,announces that it received notification on 19 October 2011 that on 5 October 2011, Mitchell Field, a non-executive director of the Company, purchased 80,000 ordinary shares of 0.1 of one penny each in the capital of the Company ("Ordinary Shares") at a price of 27.5 pence per Ordinary Share. Following this purchase, Mitchell Field is interested in 2,197,027 Ordinary Shares representing approximately 1.2 per cent of the Company's total issued share capital and voting rights.

http://www.iii.co.uk/articles/19559/british-innovation-six-exciting-prospects

Posted on another site.

Vacancy at AFC (Probably a safe bet it is).

http://www.indeed.co.uk/m/viewjob?jk=f212c98f4de37fba

Todays spread.

There having a laugh!

We often see posts having a go at the MM's, with other posts defending them stating that it is their job to create a market, which is correct, but creating a market should be their priority, but with a spread of over 14% their priority can only be a scare tactic to induce selling.
How many PI's will buy at a spread like this, whilst the institutional buyers will be doing very advantageous deals with pre order block buys.
Obviously they are looking after the big boys at the cost of us PI's, but unless AIM market rules tighten up, who can blame them.
I appreciate this also occurs on the main markets, but not to the extent it does on AIM.
A level playing field, I don't think so!

Found on another site.

Linc Energy Limited (ASX:LNC) Exxaro Resources and LNC explore UCG Opportunities in Africa.

http://alturl.com/3ijqg

GM i could not get the link to work,i think this might be what it's about?? i'


http://www.asx.com.au/asxpdf/20111125/pdf/422tkzjg7y042b.pdf

Hi Niceonecyril,

I have altered the link, so mine should work, but if not it is the same article as your link.

Thanks Greek.

Linc MOU in poland.

http://www.lincenergy.com/data/asxpdf/ASX-LNC-389.pdf

Poland is desperately need more coal to be mined.
Energy in Poland
Fracking heaven.

http://www.economist.com/node/18867861

Extract from the article.

It could also mean that Poland no longer has to rely on Russia, the neighborhood bully, for most of its natural gas.
Other countries qualms may make fracking more attractive for Poland. If others wont frack, they will probably buy Polish gas.

Award of Grant.

AFC Energy (AIM: AFC), a leading developer of alkaline fuel cells, is pleased to announce that it will lead a consortium of organisations that has been awarded a grant of 1.4 million towards a 2.9 million research and development project. AFC Energy's share of the grant is 405,600.

The project, known as LASER-CELL, begins today and will last three years. It is awarded funding from the fuel cells and hydrogen sub-programme of the European Union's 7th Framework Programme (FP7), which is managed by European Fuel Cell and Hydrogen Joint Undertaking (FCH JU).

Project LASER-CELL will run alongside AFC Energy's current development programme and will develop innovative technologies to enhance high-volume production of alkaline fuel cells, backed up by life-cycle and market analysis.

Great news.

Just looking at a few bits of the release notice.

I will lead a consortium of organisations that has been awarded a grant of 1.4 million.
Enhance high-volume production of alkaline fuel cells, backed up by life-cycle and market analysis.
FP7 funding is prestigious and highly competitive.
The quality of each individual partner is excellent.
Likely to be successful and hence it will have a positive impact internationally.
Establishes AFC Energy as a world leader in its field.

No doubt some will open the RNS and be slightly disappointed that it was not the trial results, surely they can only be just round the corner, so with this 'grant' RNS out now, the timing is great.
This must have a positive sp effect.

An excellent read mentioning AFC, posted on another site.

http://www.waste-management-world.com/index/display/article-display/7429231556/articles/waste-management-world/volume-12/issue-6/features/fuel-cell-technology-gasification-game-changer.html