Great to see AFC putting the ABB story right on the front page already, as well as linking to the other news stories. I think this shows what a game changer the partnership with ABB is and I suspect that the penny will start to drop in the coming days/weeks with the markets, especially once the head of communications gets into post in early January. Exciting times.
https://www.afcenergy.com/
I wonder if Tradegate will finally take up the mantle in the absence of the 44p seller on LSE. The £287,000 uncrossing trade should help!
Sounds about right, ShearClass, which is why I try to avoid following the herd. Who knows, there might be some FOMO in the last hour today...
ShearClass, I agree that there are likely to be some large orders being filled as I would think that AFC is now on the radar of many investors/institutions, but it is still beyond me why so many people are willing to offload shares at these levels rather than hold onto them to see how the coming weeks/months develop. Time will tell, as ever!
Excellent interview. AB essentially said that there are more strategic partnerships on the way, both with ABB and other partners, in other applications than EV charging. Why on earth so many shares are being sold today when there are so many signs that there is a lot more to come is beyond me.
Even though some on here have been very skeptical about the broker valuations, I continue to believe that they are a useful reference point. I wonder that Zeus Capital will revise their's to...
"AFC has announced a strategic partnership with ABB to bring to market a fully integrated, high power, zero emission EV charging system for ultra-rapid charging of vehicles. This is a non exclusive agreement on both sides, but we believe ABB are already looking to extend the reach of this relationship including data centres and potential utility scale power systems. We will be looking to review our forecasts and valuation in due course, but see clear upside potential vs. our initial 68p per share..."
https://*********************/companies/uk/electrical-and-electronic-equipment/afc-energy-plc/research/zeus-capital/afc-energy-afc-ln-abb-strategic-partnership/2c6daedb-3f34-45cd-83ca-52c8c1a5b18c
Imagine being so bitter as to say that a 10% rise isn't that much. You have had months to readjust your stance but you didn't. Time to sit back and watch!
Let me apologise to all those who said that we should stop comparing AFC to ITM/CWR. Instead, they should be comparing the other companies to AFC!
Good effort, Dersack. Sometimes, Tradegate needs a nudge!
B2, someone already has with their "develooe" comment.
It seems pretty clear that, as weak holders sell shares and others try to talk the SP down, the serious investors are gradually buying up the available shares. This has been happening for months and today's news gives yet more hints that this is just the start of a long and exciting journey for those patient enough to sit on their hands. GLAH
Glad to see I was wrong about AFC winding down for Xmas. This excellent news should give the SP a boost and not sure why Tradegate hasn't realised this yet!
It is starting to look a lot like AFC is closing down communication for Christmas. On the one hand, this brings back bad memories from the past but on the other hand, with the new head of communications due to start early in the new year, I can't help but think that this will be the last period of silence and poor communication for a while! Only a couple of weeks left to find out and I would rather be in than out in the meantime.
It looks to me like, yet again, there was a large seller aggressively offloading their shares the last couple of days but that they have now been cleared out. Of course, others will have been sucked into selling as it dropped and/or will be nervous about future drops but, in the absence of any bad news, I would expect this to recover unless any more large sellers come along to plague us. There surely can't be many available shares left after weeks at these levels on high volumes!
Trust me, MOO818, I do not trust you in the slightest. Time will tell how wise either of us is but, in the meantime, my views are similar to those expressed by Bananaman2 in their reply and I will be swayed by the company's performance not bulletin board bashing from people who change their views depending upon whether they are in or out of a share at a particular time.
MP0818, I will continue to compare AFC"s MCap to its peers, regardless of your request. There are numerous reasons for this and, for a start, you might want to look at the extensive broker note produced earlier this year for AFC which, at the time, I suggested was being used to encourage more institutional investors. The major fundraiser came not too long after!
It may not fit your narrative to point out that some other companies in the sector have MCaps many times the size of AFC, none of which are currently valued on price to earnings, but life goes on.
Athanasius, I suspect that almost the opposite might be the case in the sense that the broker note has been revised because they are expecting more positive news to continue to flow but without knowing exactly when.
Either way, AFC continues to look undervalued both in comparison to the various broker notes and to its peers like ITM/CWR. Seemingly, there are still weak shareholders out there who are looking to sell but all the clues seem to point towards there being a lot more news to come, with this also being more sensibly approached in a few weeks once the head of communications cones on board.
I, for one, am prepared to wait and see how the coming months develop but it would be good to see some interviews, blog posts etc as we await substantive news.
74.6p yesterday although, ironically, the SP has been falling since then!
We are updating our fair value estimate for AFC Energy to reflect i) the progress made by the company and ii) a greatly improved outlook for the hydrogen sector. As such, we are increasing our fair value estimate to 74.6p from 39p (prior to the company's £32M capital raise).
https://*********************/companies/uk/electrical-and-electronic-equipment/afc-energy-plc/research/whireland/whi-equity-research-afc-energy-afc-fair-value-update/41_202012090303255281
All I know is that, despite the recent rise, AFC is still falling behind ITM and CWR which are setting new highs, the latter of which has just added about as much as AFC's entire MCap so far today. Given this, it is is surprising that AFC is 4% down but I am waiting for the market to finally wake up to the disparity in valuations, hopefully alongside regular news from AFC.
Technically a blue finish given the UT trades the last 2 days. It would be ironic if Tradegate finally ran with the baton after the day we had today. We must be running out of weak holders, surely!
I am starting to wonder if the person who bought RA's last 17.4 million shares is offlloading to make a couple of million quid profit in a couple of weeks, rather than it being Schroders, but either way I am pretty convinced that the relatively aggressive selling points towards a larger seller making a profit in a clinical way rather than lots of PIs running for the door when they could have sold at 15% higher this time yesterday. The trading patterns also seem to suggest this as buying pressure does not always lead to SP rises.
If I am right, with well over 100 million shares traded (including Tradegate) at 30p++ over the last week or so, they must be close to running out of shares and we should then see a decent rebound as confidence is restored. Never a dull moment these days with AFC!