a reply from afc re comms21 Jan 2022 09:41
Hi Steve
You’ll be pleased to hear that we are starting work on a new website and a programme to increase engagement via social media. We have also been engaging with industry analysts, as can be seen from a supportive research note from Liberum today which we intend to highlight on social media channels tomorrow.
However, having said that, your claim that there is no communication is wrong. We have issued 8 market updates in addition to statutory results announcements since the Capital Markets Day in May. In fact, since the start of December we have announced a very significant development re the selection of AFC’s technology for the ZeroCoaster cargo ship design (which resulted in a 5% share price increase on the day), the appointment of an excellent NED, and a comprehensive Year End Operating Update – just 4 weeks ago. And we will of course provide updates as and when we have material news.
We share the frustration with the share price but as the below charts show this is a sector trend and AFC has held up versus its peer group:
We look forward to launching the new website in due course and to making further market updates.
Kind regards
Ben