http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

Hi Skinny,

I knew someone would pick that up.
I just love mixed metaphors!

http://www.investegate.co.uk/afc-energy-plc-%28afc%29/rns/eu-funding-and-acquisition/201212170700116358T/

Had reached support yesterday and is bouncing today again with good volume buying.

took a punt earlier, hopping for the bounce from here

       

The GAP has been closed on reaching there yesterday

Re todays RNS.

Both new directors are on the board of Evraz plc.

EVRAZ plc is a large vertically-integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, Europe, USA, Canada and South Africa and employs approximately 110,000 people. EVRAZ is among the top 20 largest steel producers in the world with 16.8 million tonnes of crude steel in 2011.

My understanding is that a vast amount of Hydrogen is produced as a waste product of steel making.

Anyone else see an opportunity for AFC.

Also worth a read, especially the bit about Tata and their R@D re Hydrogen and the comment re fuel cells being used in industry.

http://www.tata.com/media/articles/inside.aspx?artid=55R3uRP/hys=

Also.

http://www.worldsteel.org/dms/internetDocumentList/fact-sheets/Fact-sheet_By-products/document/Fact%2520sheet_By-products.pdf

Bottom of left hand column, second page.

Share price went well below lower Bollinger Band yesterday, and RSI is on the bounce

Not sure whether this is in anyway affecting AFC,BUT THIUGHT IT WORTH POSTING?

http://www.investegate.co.uk/cluff-natural-res-%28clnr%29/rns/awarded-uk-underground-coal-gasification-licences/201301140700084218V/

For anuone who belives in charting as a way of investing,,this has now closed the gap down of 30p? Many see this as a buy signal,especially if it starts to break out again?

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Sell Ceres power (CWR) 6.5p

When Ceres Power, the fuel cell technology company, was floated on AIM in 2004 , its fate was pretty much sealed by Tony Blair, who described it as a “world leader”.

Eight years, four Nomads, several directors and some £63mn later the company had run out of money and backers and was preparing for a wind down of the business, having failed to generate any meaningful sales.
Posted by ShareCrazy on Mon Jan 14, 12:28 PM in Comment
Comment

http://www.investegate.co.uk/afc-energy-plc-%28afc%29/rns/afc-extends-fuel-cell-electrode-life-beyond-6-mths/201301240700072492W/



AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that it has extended the longevity of its electrodes to more than six months of continuous operation at its laboratory in Dunsfold, Surrey.

Very encouraging!

Re tonights presentation.

As the presentation is open to both private and retail investors, fund managers, hedge funds and of course the media, I would think that this won't just be a 'we are doing well, progress is proceeding as expected, report re testing' and similar, I have a strong feeling that IW would not be presenting unless there was something very important to announce.

As the presentation starts at 1800hrs, there would be no problem re any sp influencing information being released, as obviously the markets that deal in AFC shares are closed.

Details of the presentation will be on the companies web site after the meeting has closed (hopefully being updated as it happens).

I also feel that a RNS will be released at 0700 hrs tomorrow on an sp moving event.

I have no other info to point to an RNS, so my only reasoning for thinking such is purely down to my earlier comment re IW timing of the presentation.

Presentation to Proactive Investors One2One Investor Forum

MPs learn about potential of fuel cells

Ian Williamson, Chief Executive of AFC Energy (AIM: AFC), the industrial fuel cell power company, was one of several panellists at a seminar in Parliament organised by the UK Hydrogen Fuel Cell Association (UKHFCA), the Parliamentary Renewable and Sustainable Energy Group (PRASEG) and All Party Parliamentary Group on Intelligent Energy (APPGIE).

At the seminar MPs and peers heard that the Feed-In Tariff should be expanded to enable fuel cells to revolutionise the energy industry and bring green manufacturing jobs to the UK.

Over 80 attendees, including parliamentarians and industry representatives, gathered in Portcullis House in Westminster. In a lively debate, Ian Williamson and representatives from other leading UK fuel cell and hydrogen companies explored the role of hydrogen and fuel cells in delivering a low carbon economy, the competitiveness of hydrogen and fuel cells relative to alternative options, the nature and scale of the hydrogen and fuel cell opportunity for and how this opportunity can be realised. The event coincided with a series of one-to-one meetings with MPs and Government Officials aimed at gathering support for the UKHCFA's new Feed-in Tariff Campaign.

Most posters on here think I am too impatient re AFC, and I agree with them.

So I decided to take a cold hard look at what AFC have achieved in the last 12 months.

Looking at their progress since Feb 2012, I was drawn to the following conclusions.
I appreciate all the below is obvious, but sometime the obvious sometimes needs re-visiting (well it helps me if no one else)

Strength of the company.

Increased cash position by a substantial amount.
Cash flow in (increase) out (decrease).
Increased experties.
Strenght of Patents portfolio.
Intellectual property (as above).
Stronger links with partners.
Increase in both fuel cell technology and life of same.
And obviously far nearer to full commercialisation.

There are a few more strenghts, but don't want to ramble on.

Weaknesses.

Still no large contracts signed.

I mention this as a weakness, as obviosly when such contracts are signed, AFC will be far stronger than at present, but for a company at the stage of AFC, the above is not realy a problem in the short to medium term.

And finally I looked at the sp.

Feb 2012
32.00p

Currant sp.
34.25p.

And that is alowing for the extra shares in issue.

And remember in Feb 2011 the sp was 68p.

So if the market put the company value (forget mkt cap) at 32p per share 12 months ago, why is the share value of 34.25p considered a fair value now, especially as AFC's financial and interlectual position being greatly enhanced.

The only conclusion I can draw is that the lack of contracts is having a 'very over heavy effect'.

I am not one to state a valuation of a share, as often its just pulling numbers out of a hat, BUT surely as a what has now moved from a very high risk v high reward to a medium risk v high reward, the current sp is far below true value.

So just opened another box of patience pills hopeing it will last at least another 12 months.

NOTE. The results certainly helped.

Greekman - have these on me.

Blimey Skinny,

That was quick, you must have had your fingers already frexed.

AFC will stay depressed and worse until such a time as their (very interesting) much vaunted technology passes the commercial and practical tests - rather like CRA

Greek :-)

I happened to pick up a new prescription yesterday - for shares such as these and WAS - patience is the order of the day, month,year..........

so meanwhile put your money somewhere where it has a decent chance of showing positive results

the first hydrogen filling station is just being installed in Rotterdam and is expected to be operational at the end of this year ...... unfortunately, it is the only one and only has the ability for 50 fills pd

just thought you'ld all like to know how far away true commerciality is likely to be