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Share Price Information for AFC Energy (AFC)

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Share Price: 16.92
Bid: 16.90
Ask: 17.18
Change: 0.44 (2.67%)
Spread: 0.28 (1.657%)
Open: 16.62
High: 17.66
Low: 16.48
Prev. Close: 16.48
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AFC Energy achieves record annual revenues

Wed, 13th Feb 2013 11:10

AFC Energy trimmed its losses in 2012 as the industrial fuel cell company delivered its highest annual revenues from operations.The group said commercial customer sales, licence income and grant income drove results in the year to October 31st. Commercial customer sales represented £0.26m of the total full-year revenue of £0.36m, mostly from UK trading. Revenues and lower depreciation and impairment cut operating losses by £0.2m to £3.79m. Results were also boosted by lower share based payments charges offsetting a modest rise in its own and European Union (EU) funded research and development expenditure, mainly resulting from increased technical and production staffing and system and cartridge builds.Pre-tax losses fell to £4.15m - down from £4.34m the previous year. "AFC Energy continues to make excellent technical progress. The results from both our laboratory and field trials give the board confidence in the company's future prospects," Chairman Tim Yeo said. He said its joint venture with Industrial Chemicals, supported by the EU, provided an opportunity to exhibit the group's first commercial scale installation. Industrial Chemicals has built Europe's newest chlor-alkali plant, designed to operate in conjunction with AFC Energy's fuel cell system. It is the largest fuel cell system announced for installation in the UK to date and is expected to generate approximately 1.0 megawatt - enough energy to power 500 homes."Electrode production is beginning to increase from our new facility and our new staff have integrated well into the AFC Energy team. "The board looks forward to further technical progress and commercial success in the coming months and years." Shares fell 2.19% to 33.50p at 11:10 Wednesday.
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12 Jun 2024 16:41

EARNINGS AND TRADING: Distil loss widens; Genflow welcomes grant

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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11 Jun 2024 18:51

IN BRIEF: AFC Energy's placing and subscription oversubscribed

AFC Energy PLC - Cranleigh, England-based provider of hydrogen power generation technologies - Raises GBP13.8 million by way of an oversubscribed placing and a direct subscription with certain directors of the company at 15 pence per share. In addition, plans to raise further GBP2.0 million via retail offer at the same price. Directors Gary Bullard, Adam Bond, Peter Dixon-Clarke and Monika Biddulph subscribe for total GBP100,000 worth of shares.

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10 Jun 2024 17:28

IN BRIEF: AFC Energy touts fundraise to fast track H-Power delivery

AFC Energy PLC - Cranleigh, England-based provider of hydrogen power generation technologies - Announces proposed fundraising via placing of shares and direct subscription with certain directors to raise approximately GBP13.5 million at a price per share of 15 pence. Also announces a proposed financing on the "REX" platform to existing retail investors at the issue price to raise up to GBP2.0 million. No part of the fundraising is being underwritten.

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29 May 2024 15:45

EXECUTIVE CHANGES: Resolute Mining hires former Acacia exec as chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separately reported by Alliance News:

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20 May 2024 14:44

AFC Energy inks deal to supply fuel cells to Niftylift

(Sharecast News) - Hydrogen power generation technology developer AFC Energy announced an agreement to supply its S Series fuel cell modules to Niftylift UK on Monday.

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20 May 2024 13:48

AFC Energy to supply Europe's largest mobile work platform maker

(Alliance News) - AFC Energy PLC on Monday said it had received an order from Niftylift (UK) Ltd.

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17 May 2024 18:55

TRADING UPDATES: PetroTal buys Peru's Block 131 for USD5.0 million

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week Wednesday and not separately reported by Alliance News:

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8 May 2024 14:20

AFC Energy chooses Illuming Power as manufacturing partner

(Sharecast News) - Hydrogen power generation technology specialist AFC Energy announced the selection of North American manufacturer Illuming Power as its primary producer of fuel cell plates and stacks for its 'S Series' air-cooled platform.

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25 Apr 2024 15:47

EXECUTIVE CHANGES: Hydrogen Future Industries 25% shareholder made CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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26 Mar 2024 20:40

IN BRIEF: AFC Energy revenue falls; loss widens

AFC Energy PLC - Surrey, England-based provider of hydrogen power generation technologies - Revenue from customer contracts falls to GBP227,000 in the year ended October 31, from GBP582,000 a year earlier. Pretax loss widens to GBP19.6 million from GBP19.5 million. Says 2024 is focussed on delivery. Chief Executive Adam Bond says: "We are well placed to build on the foundations set in 2023 and look forward to the successful deliveries of our new H-Power Generators into the hands of customers throughout the remainder of the 2024 calendar year."

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14 Mar 2024 16:53

TRADING UPDATES: FireAngel CFO resigns; ECR Minerals raises GBP585,000

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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11 Mar 2024 13:18

AFC Energy completes factory testing of H-Power generator

(Alliance News) - AFC Energy PLC on Monday celebrated the successful factory acceptance test of its 30 kilowatt generator.

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4 Mar 2024 12:43

AFC Energy generator given the nod for CE mark

(Sharecast News) - Hydrogen power generation technology company AFC Energy announced the reception of its first independent attestation of conformity certificate for a CE mark on Monday, from German certification agency TÜV SÜD for its 30kW H-Power S Series generator.

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26 Jan 2024 12:17

IN BRIEF: AFC Energy-led consortium secures funding from UK Government

AFC Energy PLC - provider of hydrogen power generation technologies - Says it has been awarded funding under the UK Government's Clean Maritime Demonstration Competition, which is funded by the UK Department for Transport and delivered by Innovate UK. A consortium led by AFC has been awarded GBP676,500, in order to design and integrate its proprietary ammonia cracker reactor technology with marine purposed, ammonia fuelled internal combustion engines. Funding starts in the first quarter, with results from the proof-of-concept demonstration expected to be published twelve months later.

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