Member Info for brighterlater

Degsy, the article is too long to post here but here's the bit about AFC:

..Another UK-listed fuel cell company that is at an even earlier stage is AFC Energy (AFC). While it is also lossmaking, much like Nikola it has yet to book any revenue in its accounts. AFC makes ‘alkaline fuel cells’, focusing primarily on the stationary, off-the-grid power market to provide a replacement for diesel generators. But it is also looking to move into heavy transport – the new 'HydroX-Cell(S)' fuel cell stack will be introduced from 2022, which the company says is “ideal” for use in shipping and rail.

AFC is in a small net cash position and with the £32m raised from an oversubscribed share placing, it says it will now be able to ramp up manufacturing of its ‘H-Power’ fuel cell systems to meet “projected customer demand”. So far, the company has struck an agreement to provide the system to the ‘Extreme E’ off-road rally championship next year and will also be providing a 160kW system to Spanish construction group Acciona (ES:ANA) for field testing.

Still, without a track record of concrete sales to provide a measure of performance, it’s a little difficult to get a read on AFC. Theoretically, it stands to do well if the hydrogen economy takes off, so it’s worth keeping an eye on.

Article in today’s issue on Hyrdogen Economy, AFC gets a passing mention.

I wouldn’t mind that share price though..

“ fly like a homesick angel ..”

Superb.

We seem to be getting some traction. I agree with the comment about the small trades.. odd, but most likely algo trades balancing out.

I’ve been here for ages and had my faith in the business tested on numerous occasions but it does seem that there is a better chance now than at any other time recently for things to move forward.

The US listing is good too. Hopefully we’ll keep moving up and one day, some day, the sp will be more than my 249p average (gulp!)

Best of luck to all holders

Nada. Says it all really

Son of a gun: your comment “..more dubious investors (probably Nigerian)..” Would you care to back that up, or is it just a small dose of latent racism?

Rooky, I had a similar thought to you - a post close pre-weekend RNS could certainly happen.

And after all, you wouldn’t want to be...er,.. what’s that phrase..?

To those that are still bearish on AFC, which element below worries you most?

Looking good from where I’m standing. And I love the final paragraph.

Use of proceeds

The proceeds of the Fundraising will be used to support the continued development of the Company as it moves from the development phase of its products and technology into the manufacture and commercialisation of them.

In particular, the proceeds of the Fundraising will facilitate:

· the multiple manufacture of new H-PowerTM fuel cell systems capable of deployment in the next 12-24 months to meet projected customer demand - combined 20kW and 160kW units are expected to be built, including the 160kW H-PowerTM system for trialling by ACCIONA in 2021;

· the employment of new manufacturing, product engineers and commercial staff in support of the deployment of H-PowerTM systems into the Company's key target markets (electric vehicles and construction);

· the development and implementation of its strategy for scale up of manufacturing and system assembly;

· an acceleration in the development of the Company's AlkaMemTM anion exchange membrane with scale up of manufacture and validation testing pre commercial deployment; and

· the delivery of solid-state membrane fuel cell system (HydroX-Cell(S)TM) for published target release date in 2022 which the Directors expect will open new markets.

In addition, the Fundraising will also support and finance the warranties required in connection with systems deployed into commercial applications.

Thanks for your contribution here Donald. Now back to your pond please, there's a good duck.

RD - "A single test at a single point in time only makes sense if you have reasons for concern eg symptomatic..." Nonsense! The whole point of this is to be able to test anyone, anytime, and quickly too. Catching a flight? Going on a long train journey? Attending a conference? Think, man.

Adam, I hold almost the same number of shares and I feel for you as I’ve made similar mistakes. All I can say, for my part, is that the mistakes I made by over-trading were born out of the feeling that I needed to ‘do’ something to remedy the situation. Cutting loses early is always a good but hard strategy to follow, but that’s different to hopping in and out of the same share. If you’ve bought something off the back of your research and you have the confidence of your convictions, just ride it out if you can. Hope it works out for you and I’m confident you’ll do well with Avct.

I’ve never understood the rationale of people that have sold their shares, then come on to a share board to say so. Unless of course they want a lower re-entry price..

My target price for public nudity would need to be 226p or more. My magic number though would be 241p. That’s the party number.

I love the name. Good work so far. How did this aWacta name thing come about? I've seen PL75 mention it. Reminds me of Elmer Fudd. Marvellous!

Hiring ex-Schlumberger Ritchie Wayland as technical manager can only be a good thing. Looking positive.

SB, I tend to agree. The gap has now been covered and the RSI indicates ‘oversold’ so I’d expect it to pull back up. Doesn’t always work this way, but often does. Let’s see.

I notice that large block of 3M shares on the ask have gone.. I guess just cancelled? Perhaps they had second thoughts.

I'd like to go for June 11th. I'll be 50 and a £3 sp will be a lovely present.

Ah. That fat finger again. He’s a rascal. Has certainly caused me bother in the past.