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Yes, 2% down now despite "buys" being more than double "sells" yet again. ITM is now 9% up!
It could all change in minutes and I wouldn't be surprised if there is an afternoon recovery but time will tell. We must be due a recovery...
It is a bit frustrating to see AFC continuing to drop, especially when ITM is 8% up (and CWR is 2% up) although I have to admit that it is not as frustrating at the lack of substantive newsflow from the company, with or without a "Head of Communications".
Of course, the latter is probably contributing to the former but , with the rapidly growing team, the expected multiple orders/parterships/products etc this calendar year then, surely, there should be a lot to talk about soon. Even an RNS about the new communication policy, now that the head of communications has gone, would be welcome!
DW, please can you remind me of some of those good people who left and who were forced to leave. Thanks. By the way, I am assuming that you are not including IT as you have been very critical of him on numerous occasions.
At least we know that Tom Pollard is still there! Maybe this is the social media storm we were promised last year...you need to see the funny side sometimes.
"Wishing you every success with your new venture Thomo! ????????"
Typical, an AFC employee wished him luck as I typed!
Anyway, given that his appointment was officially announced weeks before he started, let's see whether AFC reacts tomorrow or stays in cloaking mode.
FWIW, he has protected his Twitter account so I wonder if people were reacting on there. I also wonder if anyone at AFC will comment on his LinkedIn post- nobody has yet, whilst a few from his last employer have already, amongst others.
Cheeky, we will probably never know what the real situation was but my guess is that the job didn't work out for him as expected and that AFC also didn't think that the role was working.
Ultimately, the share price has halved since the appointment, despite the capital markets event, the private investor sessions and all the attempts at PR. Not a great optic from any angle, regardless of who or what is to blame. Perhaps a successor can come in and oversee a reversal in fortune.
Who knows, perhaps the recent director buys were a farewell signal to show that the directors are as frustrated as us. Onwards and upwards, hopefully.
It was certainly a strange journey from dream job to sudden leaving announcement within 10 months. AFC doesn't generally seem to have trouble keeping key employees so, maybe, there will be something positive to come out of this. Perhaps they will just start to use the consultancy firm properly instead.
Each to their own, BB2, but the combination of personal experience and the company being far from communicating properly mean I will not miss him. Nothing personal and, as you say, it could be more to do with AFC itself but, either way, change was needed, whether via him or someone else.
No, I am not, BB2. In my personal experience, he went from being initially diligent and helpful in his communication to evasive and, finally, elusive.
On the assumption that he had a notice period, it will be interesting to see how the company deals with this, as well as the conference cancellation, the falling share price etc
Quite frankly, he will not be missed. What next for AFC?
"Today was my last day at AFC Energy. I’ve thoroughly enjoyed working with the team and partners including Extreme E, Mace and various Government bodies in 2021 and I wish the company well in continuing to develop and deliver zero-emission solutions to the world’s energy challenges.
I’ve left to set up my own strategic advisory business, realising a long-held ambition. The company will advise on and promote the big ideas of UK-based clients to customers, funders and government bodies and will be formally launched at the end of October.
It’s a huge step but one I’m relishing. Huge thanks go to all those that have helped me thus far including Jeremy Hague, Finance Professional and Asgoo Pirbhai alongside the sage advice of countless others. Onward!"
CFP, I refer you to the follow-up questions:
"- Notwithstanding the above, is the company expecting to release positive news soon? Yes, on multiple fronts, as listed in the interim report
- Does any of the above give reason to sell now? No"
Anyway, time to try to switch off from this latest sector-wide attack and see where AFC is once the dust has settled.
To look at this from a different angle, I ask myself the following types of questions at times like these :
- Has the company released any bad news to justify the drop? No
- Is this drop specific to AFC? No
- Has this happened before? Yes, many times
- Did posters try to spread fear/doubt the previous times? Yes, every time
- Did the share price recover the previous times? Yes, every time (at least within the last couple of years since the new era started)
- Could AFC communication be better? Yes
- Should AFC communication be better? Yes, especially with a Head of Communications, a PR company, a new NOMAD/broker, other joint brokers and a growing team at the company
- Notwithstanding the above, is the company expecting to release positive news soon? Yes, on multiple fronts, as listed in the interim report
- Does any of the above give reason to sell now? No
Clearly, there is no guarantee that everything will work out in the end but, using this logical approach, I see no reason to sell, far from it, but each person needs to ask themselves these sorts of questions in a dispassionate way rather than being led purely by emotions or by posters on a bulletin board who do not have clear motives. I will continue to ask myself these sorts of questions but it would require some concrete external events to happen to change my answers.
I have no idea where the random "chat" came from at the end of my paragraph. Not intended!
Chippy, you must have self-identified. Ultimately, each person alone knows their own motivation but, as far as I am concerned, the behaviour of many on here is no different to cold-calling people to sell a Ponzi scheme. However, we all know that plenty of people are prepared to do the latter, regardless of the damage caused. chat
CFP, I don't think that I have read a more ridiculous post, especially your claim that "This post and these kind of people do a helluva lot more harm to shareholders chances of making money than any trader/shorter could ever from what I have witnessed." Keep twisting the truth, it is the modern disease afterall!
Whilst it is pretty sickening to watch the SP slide like this, what is truly sickening is watching all the pondlife crawl out again to attack the company in order to further their shorting/deramping aims.
The reality is that this it yet another sector-wide assault and, in my opinion, this is another orchestrated attack that includes a lot of of posters on the bulletin boards spreading fear and lies. I also note that this has followed yet more deramping nonsense from the Fool in recent days.
Whilst it is very frustrating that AFC has failed to produce significant news for several weeks, with this giving the shorters/derampers the room to carry out this latest attack, this will no doubt, as ever, all suddenly change direction when the pondlife magically turns into a band of rampers again, either because they feel that the bottom has been reached or because AFC finally releases some significant news.
I will never understand how this sort of blatant attack works every time but what I do know is that, in the absence of anything official to the contrary, this drop has absolutely nothing to do with the company's current or future potential and everything to do with amoral scum making a short-term profit at the expense of others. It is a sad indictment of society, to say the least.
I imagine that we would have been told if AFC was involved in this charger but my point is that AB's comment suggests that the partnership with ABB is ongoing, which implies that the validation process has gone well so far, but the official update about this seems to be missing and I am wondering how much longer we will need to wait for it!
AB didn't just like it, he wrote:
"Congratulations Frank Muehlon and the entire e-Mobility team at ABB on a massive step forward in rapid electric vehicle charging. It’s great to be partnering with you in meeting the infrastructure challenges of zero emission transportation! AFC Energy plc"
How much longer can AFC/ABB hold back on the progress of the validation process?
It is good to see another Kalkin Media tip for AFC amongst others.
https://kalkinemedia.com/uk/amp/stocks/industrial/top-5-green-energy-stocks-to-buy-in-october
Top 5 green energy stocks to buy in October
September 29, 2021 07:50 AM BST
Highlights
Record natural gas prices have caused a major energy crisis in the UK
UK business secretary Kwasi Kwarteng said that investing in renewable and getting gas off the grid is the only way to address this challenge in the long term
The UK has been mired in a gas supply crisis caused by strong global demand recovery, low supply from Russia and a low reserve ahead of the winter season, amongst other factors. Moreover, a parallel crisis caused by a shortage of qualified HGV drivers due to the country’s deepening supply chain disruption has added to panic buying and chaos in the UK.
Gas prices have touched record highs and, as per many experts, are expected to remain at these prices until 2023. This will put further pressure on the domestic petrol supply crisis.
The UK’s business secretary Kwasi Kwarteng has now said that a transition towards green and renewable, energy is the only long-term solution to avoid such an energy crisis in the future. Mr Kwarteng added that the government remains committed to invest in renewable energy and get gas off the grid.
About 22 million households in the UK are dependent on gas as a source of fuel.
The London Stock Exchange (LSE) introduced the Green Economy Label mark in 2019 as a way to highlight companies that are involved in the global transition towards low carbon and sustainability.
Let us take a look at the top 5 FTSE listed stocks in the green energy sector that have been issued with LSE’s Green Economy mark and are good options to include in your portfolio...
2. AFC Energy PLC (LON: AFC)
FTSE AIM UK 50 index constituent AFC Energy is a leading hydrogen power generation company.
The company’s hydrogen power generator was the main source of fuel for the Extreme E's all-electric off-road ODYSSEY-21 race vehicles in this year’s racing season.
So far, 3 races have been completed in Saudi Arabia, Senegal and Greenland and are now headed to the fourth race, which will be held in Sardinia, Island X Prix. The race is scheduled for next month on the 23rd and 24th of October 2021.
The company had recently entered a collaboration agreement with partner Urban-Air Port Ltd for Hydrogen fuel cell supply and will provide a fuel cell system on lease.
AFC has a market cap of £396.59 million and a one-year return of 210.52 per cent as of 28 September.
At least Peel Hunt seem quite proactive compared to some previous nominated advisors. Let's hope that they can offer AFC some decent advice about attracting more funds/institutions and about how to communicate with the market more effectively.
@PeelHunt is delighted to announce we have been appointed as NOMAD and joint Corporate Broker to @AFCEnergy
https://t.co/zodyug7goa
#Corporatebroker #investmentbank https://t.co/A82zt4968R