Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update


Afc Energy Share Chat (AFC)



Share Price: 6.72Bid: 6.72Ask: 7.18Change: -0.18 (-2.61%)Faller - Afc Energy
Spread: 0.46Spread as %: 6.85%Open: 6.72High: 6.72Low: 6.72Yesterday’s Close: 6.90


Share Discussion for Afc Energy


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

Southerhay
Posts: 264
Opinion:No Opinion
Price:6.72
RE: RE: Upcoming Expected News
Today 12:15
Cheers Mucksy - to add to the list then :)
 
mucksy
Posts: 2,070
Opinion:No Opinion
Price:6.72
RE: RE: Upcoming Expected News
Today 11:33
Southerhay my earlier post was from interims and does say The Directors have prepared a cash flow forecast (the "Forecast") for the period ending 31 July 2019. During this period the Company will focus on product and commercial development and the Forecast indicates that it will not have sufficient cash resources to meet its obligations as they fall due for a period of at least 12 months from the date of publication of these interim results.
Southerhay
Posts: 264
Opinion:No Opinion
Price:6.90
RE: Upcoming Expected News
Today 10:05
Apologies - 1. and 7. are the same of course

Hopefully a lot of news to come in Q4 !
Southerhay
Posts: 264
Opinion:No Opinion
Price:6.90
Uopcoming Expected News
Today 09:56
Morning All,

For the avoidance of doubt, I have taken the following directly from the Half Year results RNS. These are the areas of focus and where we can expect updates....

The technology and commercial progression achieved by AFC Energy sets a solid platform for the remainder of this calendar year. In brief, through the course of 2018, we expect to:

· finalise the scope and scale of AFC Energy's fuel cell technology package to Southern Oil in Australia;

· confirm a decision on the final scope and scale of the Company's fuel cell deployment programme at Dunsfold Park;

· release details of one or more hydrogen technology licenses with third party technology companies with the prospect of one or more projects to demonstrate the integrated technology platform;

· execute a mass manufacturing agreement with De Nora ready for commercial deployment;

· make strides towards a four year operability of the electrodes with De Nora;

· continued progression towards further commercial fuel cell deployment opportunities and partners in support of this ambition across key target markets.

Some other quotes from the same document to substantiate the above:

1. Mass manufacture - "Following the successful validation of the engineering basis of design and the progress with De Nora we are now ready to engage with partners to progress the planning of mass manufacture of our fuel cell stacks and systems to meet growing demand"

2. Increase Reference sites - "Our immediate intention for the coming year is to establish a portfolio of commercial reference facilities serving different industries that will enable us to be more vigorous in marketing our technology platform to these new markets"

3. Alkammonia update following delays

4. Dunsfold update - another new hydrogen generation technology is expected at AFC Energy's Dunsfold facilities later this year

5. Diesel Displacement - "This is an extremely exciting part of AFC Energy's core business going forward and one in which we can be extremely competitive. Importantly, the barriers to entry and initial capital outlay for such projects are also far lower than conventional larger scale chlor-alkali projects, making early access to sustainable revenues more likely"

6. Electrode mass manufacture with De Nora - "the purpose behind this work conducted under the JDA is to position both parties such that the details of a mass manufacturing agreement can be finalised during the course of 2018. This is ongoing as we speak and it is expected to close this out in the near future."

7. Stack mass manufacture - "Following the successful validation of the engineering basis of design and the progress with De Nora we are now ready to ENGAGE WITH PARTNERS to progress the planning of mass manufacture of our fuel cell stacks and systems to meet growing demand"

I could see no reference to fundraising but happy to be corrected.

Hopefully a lot of positive n
Rooky
Posts: 43
Opinion:No Opinion
Price:6.90
Loosing a winning argument
Today 07:39
I see a few posts that I fully agree with the argument, but not with the tone.

Having joined this community not that long ago, I must say that I have in general found it to be a great site for discussion and assisting research.
mucksy
Posts: 2,070
Opinion:No Opinion
Price:6.90
RE: Q4
Today 07:05
The Directors have prepared a cash flow forecast (the "Forecast") for the period ending 31 July 2019. During this period the Company will focus on product and commercial development and the Forecast indicates that it will not have sufficient cash resources to meet its obligations as they fall due for a period of at least 12 months from the date of publication of these interim results.

 

A future fundraising will be necessary to enable the Company to meet the costs of commercial deployment in order to deliver its growth potential. The Directors are confident in the ability of the Company to raise additional funds through the market or at the project level as deemed appropriate at the time. Taken from interims probably why the share price has been going down let's hope it's to pay for comersialisation
BumbleB
Posts: 6,637
Opinion:No Opinion
Price:6.90
RE: Q4
Today 07:00
Possibly, yes. But there are likely to be other uses.
mucksy
Posts: 2,070
Opinion:No Opinion
Price:6.90
RE: Q4
Today 06:43
I'd like to no what they tested in America could it be for data centres?
BumbleB
Posts: 6,637
Opinion:No Opinion
Price:6.90
RE: Q4
Today 06:07
Silures, thinking again off grid power generation is not necessarily about Alkammonia. They will, potentially be testing the methane cracker at Dunsfold in relation to the bio-energy plant, if that has not already been done.
BumbleB
Posts: 6,637
Opinion:No Opinion
Price:6.90
RE: 4444 - rights failure
Today 05:58
Sorry 13th, guilty of skimming posts on the B.B. yesterday.
BumbleB
Posts: 6,637
Opinion:No Opinion
Price:7.08
RE: Q4
Today 00:10
Yes, you are right Silures.
BumbleB
Posts: 6,637
Opinion:No Opinion
Price:7.08
RE: Q4
Today 00:10
Yes, you are right Silures.
13thmonkey
Posts: 35
Opinion:No Opinion
Price:6.90
RE: 4444 - rights failure
Wed 23:19
So you took those figures as gospel as opposed to reading 'so let's say' as a hypothetical situation, that's nothing I can do anything about. The point of the post was still to show that failing to achieve the take up they might want is not critical.
Silures
Posts: 405
Opinion:No Opinion
Price:7.08
RE: Q4
Wed 22:43
Hi BB,
Testing of 'off grid' power generation processes will take place at Dunsfold in Q4 so there might be news on this, but you're right not specifically Alkammonia, but potentially Alkammonia?
BumbleB
Posts: 6,637
Opinion:No Opinion
Price:7.08
RE: 4444 - rights failure
Wed 21:51
They matter if you spread alarm by exaggerating significantly the companies cashburn
13thmonkey
Posts: 35
Opinion:No Opinion
Price:6.90
RE: 4444 - rights failure
Wed 19:02
Yep another source if needed, doesn't take much to think through the options and there's enough of them.
mucksy
Posts: 2,070
Opinion:No Opinion
Price:6.90
RE: 4444 - rights failure
Wed 18:14
I'm hoping for some hydrogen council funding
13thmonkey
Posts: 35
Opinion:No Opinion
Price:6.90
RE: 4444 - rights failure
Wed 18:12
I'm assuming you are talking to me. They are example figures as the actual values don't matter just the scenarios that they end up with. Try and keep a civil tongue in your head it helps with the discussions.
Desertwolfch
Posts: 211
Opinion:No Opinion
Price:7.08
RE: 4444 - rights failure
Wed 18:05
Shows how st@@d you are, you suggest their 6 month cash burn rate for a cash burn they actually had for 12 month and at a time where they needed to invest much more in R&D and De Nora was not involved and you forgot that they actually still receive or received eu funding between 500.00 to approx 800.000 in 2018 , nothing more to ad 4444
iWantThatOne
Posts: 555
Opinion:No Opinion
Price:7.08
RE: Q4
Wed 16:59
I suppose the Southern Oil RNS (assuming a successful outcome) could also include details of a) the mass manufacturing agreement with De Nora and b) a license agreement with Southetn themselves to use their innovative hydrogen process. The latter would also fit with Bond’s comments that there is a growing pipeline of commercial opportunities “in country” (Australia). Now that RNS would give the SP a right old boost.
Sturmtrupper
Posts: 407
Opinion:No Opinion
Price:7.08
RE: 4444 - rights failure
Wed 16:19
I didn't know that people in here still listen to that gloom monger of a failed account 4444 ....I have it on filter and I could not give a dead rat arse about anything it has coming out of its back side....filter it and just get on with it....
Rooky
Posts: 43
Opinion:No Opinion
Price:7.08
RE: Q4
Wed 16:08
Hi BumbleB, Sharesport,

Yes I agree, it was the question re end of AFC's year that I was putting as Oct 31st.

Rooky
13thmonkey
Posts: 35
Opinion:No Opinion
Price:7.08
4444 - rights failure
Wed 15:59
So let's say they need 6M to run for another 6 months until revenue kicks in, they get 4M from a rights issue, they run for 4 months, given how much closer they would be to revenue at that point then the go to banks, invoice factoring other sources or they issue again.
Your point is only problematic if they only get a tiny percentage of what they ask for. Or if the revenue fails to materialise.
The former case they'd have to borrow or fail
The latter case the rights issue is irrelevant and they probably fail.
Can't see why it's complex or contentious, it's the same for all businesses, and for each investor given the evidence they've got to work with and gut feel so they think those fail scenarios are likely or unlikely.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.