Member Info for Bananaman2

Haggis,

Have n't seen many to be honest

Yep,

Possibly close near or above yesterdays close.

I will say it again. This placing and funding is extremely positive.

As you say Junior, Onwards and back upwards.

Would like to think we could be at an all time high within 4 to 6 months. That would be anything above 82p.

Just shy of the all time daily volume for AFC and its just 11 am.

If there is anything to take from this, it is that the market see this as extremely positive news.

Just what is needed to propel them forward

Tried to buy 3k worth and went to fill or kill.

Never a good outcome when you let the price be decided by others.

Massive volume and perhaps needs to take a breather and consolidate for a while. Extremely positive that the 16p placing price has not been reached and all the pressure is on the ask side.

Now back this up with some tangible orders AFC and everyone is a winner

Now approaching 22 million. Will definitely break previous highs.

Daz, no lies just a company that had the facility and capacity to construct the units just not the cash. As a person that has been involved with procuring equipment for engineering projects, it is very easy to understand why a business would not want to place an order with a company that has no cash to deliver the product. It is not impossible but would take vested payments and can be a real pain if the company you are procuring from goes into administration. With the AFC overheads and a few million in the bank once manufacturing started they would very quickly burn through a few million quid and then cash flow dries up.

This £31.5m inflow is huge and shows buyers that AFC can provide the assurance that this will not happen.

Expecting intial orders in the short term with deployment as soon as system is manufactured. AFC keep referencing the 1 x 160kw Acciona system. There will be many more.

Very exciting for the business. Dilution is horrible but a very tidy share price is more than possible once a few orders are bagged. My price target was £1.20 but without cash in the bank I wondered how they would achieve the manufacturing of orders. My price target is now £1.33 - £1.50 as they can grow much quicker and should be able to achieve an MCap of £1bn as per CWR and ITM.

I think this is the best fuel cell product on the market in respect of cost and efficiency.

Going to be the biggest day I respect of volume AFC have ever seen.

Looks to be some serious buying pressure at this low price. May be back to 20p before the shares are issues.

Market seems to like the funding.

See what happens as it settles a little in to the morning

Actually up now from yesterday's closing price.

Germans like it.

Let's see what happens here.

Yes. Technically they are not owned and issued yet.

When does the markwt have to be notified by TR1 for those holding greater than 3% ?

Who are they?

So there are to be two tranches. The first circa 95m which is made up of 'the placing' , 'the primary bidoffer' and 'the subscription'.

We know the subscription is for 625,000 so what is the split between the placing and the primary bid offer shares?

The placing shares have clearly been touted to institutional investors and other organisations and I would expect that this would be a large percentage of the 92m. So what volume of the 92m shares from the first tranche was actually available to PIs yesterday ?

Having read the RNS again, you can twist this in several ways. I wanted to sleep on it and seee how I interpret this in the morning. Having been awake since 3 am I needed to take a look.

I cannot see that the placing is to be put to bad use. It sounds like they have been inundated with enquiries leading to orders. The process of communication and negotiation would have been much easier had AFC had several units built and ready for deployment. I can understand this if they so much interest that customers have no idea of delivery dates.

So, AFC have taken the decision to accelerate manufacturing of the H-Power systems 20kw and 160kw to meet potential orders. This does not mean that they will not fulfill imminent orders or orders which are currently under NDA. They do not disclose all information as we know they have made 'commercial sales' of Alkamem but we dont know who to and for how much.

By accelerating the production AFC are meeting projected demand and deployment requirements in the next 12 to 24 months.

It will be the orders that fire the share price up. To deploy systems in the next 12 months, starting from a base of zero capacity, raising £30m and then accelerating production, AFC would have to be very confident that orders will be placed immediately as in today, tomorrow, next week or August. I am sure they do not expect to deploy 1 x 160kw system in the next 6 months and build a shed load more without knowing they can sell them.

I will remain positive on this. It does to some degree explain the silence. The media storm is just about to start. With the right investor and a number of sales this will move in line with CWR and ITM MCaps. Providing we have whats required. Capital and human resource and sales.

£1bn MCap is noble unrealistic and still gives a SP of £1.50. Who's to say that AFC has not got the superior fuel cell product and Adams played a blinder. Sky is the limit for a commercially viable fuel cell system. Who knows, maybe we could be receiving dividends in 24 - 36 months.

Good luck everyone. Good things come to those who wait !

Fuelcell investor. I agree with your sentiment but ITM had a big investment from Linde which was disclosed prior or with the placement of shares. This is not the case here. If this had already been agreed why have they not revealed the large buyer. If it is someone that can assist the business, a valuable tie up and connection then the potential is massive and a vote of confidence. If on the other hand its a pension fund or the likes they will bring nothing to the table and will just look at this as an opportunity to make 25% on the placing price?

I just cant make my mind up on this. I want to believe this is very positive and hate to say it 'time will tell'.

Same for many on here, we have not seen the shareholder value expected. Fortunately most still have their head above water but for some, its only just.

Tezzer. I hope your right. Been laying awake since 3 am thinking about this situation. 10 years of buy and hold.

I raised the funding question last week and was shot down by desert wolf. Told we were funded until September 2021. Dilution being my concern and the SP which was dreamt of 10 years ago being just that. A dream.

A big institution is whats needed. But someone that can assist the business going forward. Very much like dragons den.

Well, only 3 more hours until something may be revealed. Good luck all LTH. It really is about time something good happened for us. We have supported AFC for long enough but I feel this is make or break time.

£30m for a product that hasn't yet achieved CE marking.

AFC Energy need to provide more information on lots of fronts.

Just building units is a poor strategy. Building units to meet sales requirements is not.

Using the revenue to become self sufficient is also not. Without more information there is no shareholder value and confidence in the BoD will be worse still.

Hopefully for a decent RNS tomorrow with more detail and a steady media storm as promised.

don't like the word potential.

Would prefer the removal and just include clients.

This shows they are taking a risk and still no further forward with sales. Perhaps they should have thought about this last November/December when the SP was 30p+

We do not want an II base. It will not help. They have no skin in the game and just look to take profits.

AFC need a big player. If they had this lined up it would have been announced. Instead they have to go to the market.

Not got my head round this yet.

we dont want Schroders to hold the shares. They will only suppress the price.

ITM got Linde
CWR got Bosch
AFC need someone who wants skin in the game. Not a fund manager, bank etc.

Well this is it. The turning point. After supporting for 10 years this is the biggest fund raising to date. If there is no positive news in the short term related to orders to match with the systems they intend to build this has the potential to collapse as the systems sit their collecting dust.

On the other hand, a matching number of orders in the short term could transform AFC. I am not interested in anything now than the share price of the company.

I think we have heard it all and this is the last chance. Winners or losers. I don't think I can take much more of the same for years to come.

Not trying to be negative but just hope that there is a very big story and media storm starting at 4.40 this evening and ongoing until we have a market cap of circa £1bn or a SP of £1.50.

Rob.

I agree with your sentiment. After 10 years I was hoping to keep the number of shares to a realistic limit and raise capital at a higher price minimising further dilution.

This is a massive chunk of capital but we don't know who has taken a bite. I pray that an investor will have a vested interest and it will complement their own business. This way we can be sure that the constant selling down of the £200m shares at 16p will not keep the share proce suppressed.

The real concern for me is that the directors do not have any real skin in the game. They are not driven by share price just funding the business to succeed.

I hope for their sake that they announce some meaningful orders in the short term. This is the only way a £30m raise can be justified along with a decent long term partner taking a large stake in the business.

I guess we will find out soon enough. The Germans don't seem to have taken the news all that well. SP has dropped 7% since announced.

Timing would be right if they were to take a stake now.

AFC do not want to issue more equity in the future unless its at a price per share with at least a £1 at the front to minimise dilution.

The EON article is very interesting and could be part of the bigger picture for AFC, De Nora and Thyssen.