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I still don't think that it is right that articles are being written with clear references to AFC's ongoing involvement from the organisers whilst AFC remains silent. There hasn't even been an official confirmation of the ongoing involvement.
The company does, afterall, have a head of communications and a fancy PR company so it shouldn't be beyond their ability to write a press release explaining how AFC is preparing for the event and what the contingency plans are. It is not as if they are swamped with other exciting news releases that have distracted them!
I am not sure why AFC have not been talking more about this year's show, especially as they seem to be in a very quiet news phase. However, it looks like it is all set after the previous delays due to the restrictions and lit all sounds very positive for AFC.
Sitting on the electric fence? Then come and try out the latest EVs at The British Motor Show
Chance to test drive new EVs before you buy at The British Motor Show
AFC Energy Alternative drivE experience will be part of the Select Car Leasing Electric Motor Show, a key part of the event
Tesla, Mercedes-Benz, Renault, Nissan and Mazda all confirmed as test drive models
Vehicles will be charged using innovative AFC Energy fuel cell technology
Show takes place August 19-22, 2021, at Farnborough International Exhibition and Conference Centre, Hants.
Tickets cost just £18.50, or £37 for a family, at thebritishmotorshow.live
Buyers in the market for a new electric car or who are considering one as their next purchase will be able to charge around in the latest and greatest EVs at The British Motor Show 2021, which will feature live test drive opportunities of the latest plug-in models.
The dynamic test drive opportunities are part of the The British Motor Show sponsored by Cinch where many more electric and plug-in hybrid models will be on display in the Select Electric Motor Show
At present, cars confirmed for the test track include Tesla’s Model 3 along with a selection of new EVs from Mercedes-Benz, Nissan, Renault and Mazda, with more examples to be added.
Furthermore, the cars will be charged in a zero-emission way, too. AFC Energy will be providing an off-grid, rapid EV charger using its HydroX-Cell H-Power EV Recharge system -the first in commercialised off-grid hydrogen fuelled EV recharging that offers a solution to infrastructure where conventional charging is unavailable.
Andy Entwistle, CEO of the British Motor Show, said: “We know from our own research that there are currently thousands of car buyers planning to go electric for their next purchase and that there are even more who are considering it but are still sitting on the fence.
“The Select Electric Motor Show is there to educate these customers and help them to decide whether an EV is right for them as we head towards 2030, while the dynamic test drive element will further help them decide, while at the same time giving yet another truly unique spin to The British Motor Show, which is the most interactive, action-packed and family-friendly car event in the calendar. With AFC Energy as a partner, we’re also demonstrating the very latest in emissions-free infrastructure technology.”
The organisers are expecting over 50,000 visitors through the doors of Farnborough International between 19 – 22 August 2021.
The ITM update looks very positive to me, even though I am not invested there, but the market seems to have used it as an excuse to give the sector another kicking. I really do hope that the sentiment in the UK sector starts to improve soon and some news from AFC would be a good first step as it seems to have gone very quiet just when it looked like lift off was around the corner. Has anyone heard from IT recently?
ITM and CWR are both back in the blue. As for AFC, the pile of shares available to peg the SP at near 60p seems to be as endless as ever. All very strange to say the least.
Whilst it is as clear as mud what Schroders are doing with their various shareholdings, it is heartening to see that Law Debenture and Janus Henderson (who are linked to each other) have added significantly to their holdings in recent weeks.
At the end of May, Fidelity has JH at an impressive 20,000,387 shares and Law Debenture was at 16,050,387 shares. These are both millions higher than last time this was discussed. Indeed, looking at the Law Debenture website, they are still adding as they currently have £10.192 million at close on Friday which represents about 16,400,000 shares at the 62p closing bid. So, they remain bullish as others sell and move on!
https://www.fidelity.co.uk/factsheet-data/factsheet/GB00B18S7B29-afc-energy/profile
https://www.lawdebenture.com/investment-trust/nav-and-portfolio-information?wvsessionid=wv227d0f42595c4e83a62a53790d055eb7
I think the interview underlines the feeling that if AFC can deliver even a small amount of its potential then it will be hugely undervalued both in absolute terms and relative to others in the sector.
The penny doesn't seem to have dropped yet but hopefully there will be more news soon to help it drop.
Going head to head with PEM in very significant markets e.g. rail, marine, backup power, trucks where there is a huge plethora of applications. Then add in the ammonia space saving aspect in these multi-billion dollar markets.
He sounds switched on and quietly confident
Something to keep you all interested. David Harvey, the new CTO, has just give a Proactive interview:
https://youtu.be/WrG3x_rQvdM
It does look like the AT seller is getting increasingly aggressive in their sell bundles again, but with the SP bouncing up again straightaway, so it is certainly possible that they are running low on shares and having one final push to undermine investor confidence before buying back in. As ever, an update from the company (e.g. about the new Dunsfold facility being ready) would go a long way to changing the dynamic, at least for a while. Rinse and repeat...
It is strange that AFC is faltering today, especially with the rest of the sector strongly in the blue, but the lack of Extreme E hype so far won't be helping. Maybe something interesting will come out over the weekend!
With the sector in the US flying again, it shouldn't take much in terms of news to set AFC back towards new highs. It feels like it is all happening in slow motion at the moment but the jump up could be pretty quick with the right news in a more positive investor climate.
It is amazing how some "shareholders" only ever seem to post either negative "news" or provide negative slants on whatever they are discussing. They also generally pop up on red days. I wonder why anyone would do that!
It is a shame that the UK sector seems to be under pressure, yet again, and this presumably hasn't helped today although I am surprised that there isn't more buying pressure given the volume on Friday and the very positive exposure over the weekend. The US sector seems to be set for a further modest rise today (based on pre-market prices) so perhaps, once again, this will help later today.
Meanwhile, I am still waiting (as patiently as possible) for the first really substantial news since the update that came with the placing over 5 weeks ago. How this ever dropped so far below the over-subscribed placing place of 64.5p remains a mystery to me, despite the sector fall, but AIM is difficult to understand at the best of times.
Surely, this will give Tradegate a reason to take up the baton...(Just a fun post for oldtimers).
Anyway, a couple more days like that and we can all be friends again!
Thanks, Spacerat. I fully agree with your points as it would be easy for someone to find the cash to buy AFC. As to whether anyone will actually try, I have no idea!
To stick to the facts:
It was the correct link.
It is a This Is Money (Mail Online) report not some random website.
It has nothing to do with Elcogen buying out AFC.
I pointed out the RA issue and have in no way endorsed the comments.
Anyone claiming that this is BS has absolutely no factual basis for saying this as they cannot possibly know that nobody is considering a takeover.
Being polite is free, so is apologising.
Not the best research in this news story short while ago, as they still think RA owns 3%, but intriguing nonetheless.
https://www.google.com/amp/s/www.thisismoney.co.uk/money/article-9592983/amp/MARKET-REPORT-Oxford-Biomedica-given-100m-vaccine-booster.html
AFC Energy was the subject of takeover chatter among small cap brokers.
Based in Cranleigh in Surrey, and 3pc-owned by Chelsea tycoon Roman Abramovich, it is a developer of hydrogen fuel-cell technology – an alternative to fossil fuels.
But the space is ripe for consolidation. ITM Power and Ceres Power are already listed while Elcogen is ramping up to list this month.
One broker said: ‘They would do better to join forces.’ Shares rose 9.2 per cent, or 4.8p, to 57.2p.
Good to see that the sector finally had a blue day and always encouraging to see the SP end on a high for the day. Over to Tradegate to take over now!
Nick, that would be music to our ears. AFC has had some incredible lows and a few highs over the years but it really wouldn't take much to tick the right boxes and stop all the derampers/doubters/shorters from being able to come out with the usual nonsense about how AFC will never make it. We just need the pendulum to start swinging towards orders and, as if magic, everyone will be friends again!