http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

Hi Skinny,

Yes did see the article but my feeling (usually wrong) is that there is more to this than the Midas article.

Lets just hope this is the start of a well deserved re-rating!

It has to be the article ? pumped and soon to be dumped ?

proactive investors -

AFC Energy, which is part owned by Roman Abramovich’s Ervington vehicle, meanwhile, advanced over 33% today.

The fuel cell maker, which is commercialising industrial fuel cells, was tipped by more than one media outlet in recent days.

Would be nice to see the 40p resistnce level being broken today, then the big thing without any news would be to hold above it!

A second burgeoning golden cross.

Linc Energy signs deal with Ervington Investments Ltd to evaluate UCG to GTL in Russia! LLC YakutMinerals (an affiliate of Ervington Investments) has commissioned Linc Energy to undertake an initial assessment study for a proposed UCG to GTL project in north-eastern Russia. Work will commence immediately. For more information please read the ASX announcement here:

http://www.lincenergy.com/data/asxpdf/ASX-LNC-489.pdf

In todays sea of red, I am just glad to see AFC level.

Recent high on good volume - all rather positive.

The more I read about so called world beating new power from this government the more I see AFC Energy as a winning power supplier.

In a Telegraph article today it re-iterates just what a complete mess our not for turning at any price power policy government is in, with ministers stating that they will look to requesting companies cut their electricity use by among other things, shutting down for short periods, and this is at a time when they are hoping that business gets the country out of the huge financial hole we are in, ( a good yes minister sketch if ever there was one).

The supply set guarantee price for wind farm energy when it was last set was at twice the general electricity supply price which dropped by 10% after general dissatisfaction by both the general public and ministers, and yet it has now been announced that the set guarantee price has been agreed at £155 per megawatt, three times the general going rate for electricity of just over £50 pm.
Other green energy is not that much better both in cost and efficiency, but lets just stick with wind energy for this example of AFC v Government policy.
As we know, the government hardly recognises fuel cells as a future power source so although including them in some subsidy figures that is only as a sop to calm some waters, but should we be bothered by this attitude!

Look at this from the businessmans point of view.

There is the CEO in a boardroom meeting discussing power supply to his/her mega conglomerate company, re power cost and supply.

We have mentioned cost, which is clearly looking too expensive, but then comes the subject of supply. With the government and most experts (although it's also obvious to none experts, IE us) that power supply will at best be intermittent mainly in winter due to demand increase v supply decrease due to when the wind farms shut down due to 'no wind' without the required back up of power stations.

Excepting that something has to be done to guarantee power at a reasonable price that is also on supply 24/7 thay start looking round for a none national grid supplier.

They take a look at AFC Energy..............I will leave you to fill in the blanks re cost value, supply guarantee and the customers control!

As to the governments energy policy, it could actually be to AFC Energy and their shareholders benefit.

So where do I see AFC Energy a couple of years from now, who knows, but I am fairly certain we will be in a much better position that of now!

I'm waiting for an RNS stating that José Mourinho has bought some shares before I increase my holding!

Interim Results

Highlights for the half year to end April 2013

· Electrode life extended past nine months for the first time
· €6.1 million EU grant earmarked for the Power Up project with a Beta+ test system built and delivered for initial hydrogen purity trials
· Award of a further €1.96 million EU grant in connection with the Alkammonia project to develop ammonia-fed fuel cell systems
· Acquisition of Diverse Energy Ltd's ("Diverse Energy") assets and intellectual property
· Opening of office in South Korea in partnership with Intralink Ltd. and appointment of Robert Kelly as International Business Development Manager
· Initiation of research relationship with Lancaster University
· Initiation of developmental engineering relationship with Foster Wheeler
· Cash balance at 30 April 2013: £8.90 million (30 April 2012: £4.49 million)

AFC Energy wins prestigious fuel cell award

As impressed as I have been by studying AFC's technology almost from its inception, as a layman I could only go on what others, inside and outside the industry were saying.

Of course the company has always been its own believer, as most companies are, after all no one expects a company to be negative about its own product.

Then of course we have bbs, like this one, where we have to try and sort the wheat from the chaff.
There are those posters that always praise the product/company and those that always condemn the product/company.
Then there are those that mainly attempt to give a balanced view, I hope I am one of those in the last camp.

Along the road of the AFC story, I have both been positive, when things are going as I expect and negative when there has been the odd hiccup, mainly due to having insufficient patience!

But this award says more for AFC Energy than all our collective posts.

To receive the top award ,in a competition judged by experts in the fuel cell world (who presumably know what they are on about) over the other 190 plus contenders has to show that the AFC Fuel Cell is a world beater in theory and (unless these experts are wrong) has the potential to becoming a world beater in practice.

Coupled with the due diligence of the technology by AFC's partners and their prospective customers, the 'Rose Coloured Glasses' have definitely come off (I admit to sometimes looking through them), leaving the view of the future crystal clear.

The future even without those rose coloured glasses, looks very rosy indeed!

greek when will it become rosy...... sales....profits.....2020?

Hi Halifax,

My thoughts re profit from sales by end 2014, with a couple of contracts being signed within the next 6 months, with several next year.

I appreciate most posters on here and other sites feel it will take longer.

Regards
Greek.

greek hope you are right, good luck.

And you.

May we both get rich (me richer of course).

I hope Ian Balchin isn't a jinx! ;o)

Mr Roman Abramovich > 11%

He could buy a small footballer for that amount of money! :o)

Ten bob again.