Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
At least AFC is not staying totally silent about COP!
https://airqualitynews.com/2021/10/21/evs-at-cop26-hampered-by-lack-of-charging-points/
Electric vehicles (EVs) at COP26 could be powered by external combustion generators due to a lack of available charging points, according to AFC Energy.
The company has said that the UK has missed an opportunity to showcase our climate credentials to the global community.
The UK is projected to have over 23 million EVs by 2030; amounting to the equivalent electricity usage of powering every UK household for two months.
However, AFC has warned that insufficient investment in appropriate EV infrastructure could lead to power shortages across the grid and continue to exacerbate the UK’s reliance on polluting generators.
Adam Bond, chief executive officer at AFC Energy, said: ‘With sufficient foresight, AFC Energy’s hydrogen fuel cell technology could have been adopted to charge the EVs transporting delegates at COP26, whilst also exhibiting British technology and innovation.
‘While the situation may appear to be a cause of embarrassment for the COP26 organisers, it simply reflects the global reality which is that far more investment and coordinated planning is required to ensure that we have the infrastructure in place to support the accelerating transition to EVs.’
In related news, the government has published the long-delayed Net-Zero Strategy, outlining how the UK will deliver on its commitment to reach net-zero emissions by 2050.
It is reassuring to see the sector continuing to recover, both in the UK and the US. Let's hope that this brings some positive sentiment for investors and ushers in some positive news from the company.
Haggis, perhaps you could be paid vie a few million share options. That would certainly put the cat amongst the pigeons on here!
Haggis, perhaps you could offer to take on the AFC Head of Communications role. At least would be guaranteed regular communication. Still waiting for AFC to explain what the new communications plan is going to be, alongside lots of other updates in the end of year update, if not before!
With billions of dollars pouring into the US sector, including Fuel Cell Energy that is 16% up having added AFC's entire MCap in early trading, there must be a chance that investors will be looking to put some money into comparative tiddlers like AFC. It would certainly seem like the ideal time for the company to start delivering on those H2 expectations.
The relatively quick jump back up, as predicted, suggests that the SP could fly towards new highs if AFC can start to produce some orders and other news. If/when this will happen is anyone's guess but, working on the assumption that AFC would have told the market if their interim results projections were no longer valid, there could be a very positive couple of months ahead. Just need to get the ball rolling...
It is good to see is closing above 50p again and with Tradegate having some decent buying towards the end, we might see a continued recovery over there, especially without the 50.3p seller holding it back on the main market. No surprise that the UT was at 50.3p given the trading pattern all afternoon.
I see that someone has parked themselves at 50.3p since late morning. This is an improvement on the 46p roadblock but it shows, once again, that AFC is repeatedly under the influence of odd trading patterns. Just look at the graph today if you have any doubts. Let's hope the the next roadblock is a lot higher!
Meanwhile, Plug looks set to hit new 6-month highs today so let's hope that some more money pours into the UK sector as we await news.
As I have been posting for a while (and being told off for saying for some strange reason), it was pretty obvious that someone was pushing the SP down and that it was likely to rebound once this pressure was released, especially given the sector recovery. Whether this was caused by sellers/shorters/derampers etc most of us will never know but quite a few posters on here clearly took advantage of this to bash the share and make a profit at other people's expense.
What will happen next, in absence of AFC news, is anyone's guess but I imagine that the usual suspects will try to have another bashing session. I hope that they are not as successful as last time, to say the least, and genuine holders should not be cowed into believing the nonsense spouted by quite a few on here when they want to undermine confidence.
Let's hope so, Haggis,. The SP could easily rise 10-15% just to stay in line with the sector recovery. Add in some news and 2021 could finally get started!
CFP, you spent most of last week complaining about how AFC haven't delivered and arguing against those who disagreed. Now you are suddenly calling out people who you perceive (wrongly) to be deramping. Interesting...
Back to AFC, it is obvious that someone has offloaded millions of shares in recent day/weeks but the good news is that this is very unlikely to have anything to do with AFC's future potential and, as I had hoped would happen yesterday, there is a good chance that the SP will bounce up to join the rest of the sector once they are cleared. Whether that will take 10 minutes or days is anyone's guess but the good levels of buying are encouraging, as is the sector recovery (and long may it continue).
CFP, I have never deramped AFC (or any other share) and I would be delighted if AFC follows the sector up. You, however, are a passive aggressive individual and you should wind your neck in..
This is starting to get a bit ridiculous. ITM, CWR, PPS all flying and the US sector looks set to explode. Come on AFC, at least say something to restore investor confidence and to clean the relentless seller!
Good to see Plug closing on a 3-month high. If only AFC would do the same!
I still think it is Schroders selling (as I put in the other thread) but, whatever the case, someone is aggressively releasing their shares onto the market and destroying any chance of a rise along with the sector (both here and in the US). It is certainly not the first time this has happened but that doesn't make it any more enjoyable, especially after the hammering in recent weeks!
Clearly, age has brought neither wisdom nor humility in his/her case!
I have no idea who Willis is but you might want to up your game before trying to be smart:
"Information is correct as at 13 August 2021."
Funnily enough, I checked the AFC website as part of my due diligence...
Given how the SP refuses to go above 46p despite lots of buying, it gives me that feeling that, once again, someone is selling large chunks. I have long suspected that Schroders have been offloading, with them potentially doing this all the way down from 70p+. It looks like my suspicions have been correct as they no longer appear as a significant shareholder on the Fidelity website: https://www.fidelity.co.uk/factsheet-data/factsheet/GB00B18S7B29-afc-energy/profile
If this is correct then they are probably still the seller now but we will never know as they seem to have dropped below the 3% threshold. I have not been a supporter of Schroder's relationship with AFC in recent years as they have IMO been a drag on the share price but, either way, the good news is that more genuinely supportive funds seem to be continuing to buy shares in their place:
For example, Janus still have their 20 million shares, there are now 2 hydrogen funds with 19 million shares each (unless this is duplicated) and Law Debenture are seemingly still buying with 18 million shares (see https://www.lawdebenture.com/investment-trust/nav-and-portfolio-information?wvsessionid=wv227d0f42595c4e83a62a53790d055eb7 for their holding on 8th October).
Whether it is Schroders or not, let's hope these sellers who have plagued the company for months can finally be cleared out and replaced with new longer-term holders.
As I wrote: "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..."
Why be so pedantic?