Member Info for Fuelcellinvestor

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

Let's hope that Peel Hunt manage to get some traction amongst funds/institutions as, like I was writing yesterday, the gap between broker fair values and the actual share price was getting a bit ridiculous.

Coco, the use of "industrial" is intriguing as the recent RNS headers started with "AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies" whereas today's says "AFC Energy (AIM:AFC), the industrial fuel cell power company". Presumably, the new broker has some reason for this change in wording.

Let's hope so, Haggis. At least it ended a bit stronger today. Just need a positive ABB update and some news of sales!

I clearly remember pointing out how frustrating it was that the SP actually got above the broker fair value at the time towards the end of last year. That was soon rectified and the SP is now ridiculously short of both apparently conservative fair values. Still waiting for the market (and AFC's potential customers) to wake up!

Meanwhile, the absolutely relentless selling into any attempt at a rise continues even after months of this happening.

It is good to see WH Ireland sounding as bullish as ever this morning. It is a shame that the market does not seem to share this optimism (yet) but, hopefully, more and more funds/investors are looking at AFC as it seemingly gets closer to realising its potential:

https://www.whirelandplc.com/research-portal#/portal/whireland

WHI View: AFC Energy’s decision to partner with Extreme E represented two critical risks i) the logistical and operational demands on its systems would be punishing by any standard ii) the event, by its nature, is tremendously high profile. The announcements made today by AFC Energy clearly vindicate the confidence it had in its systems. Our conviction in AFC Energy is fundamentally premised on our appreciation of the unique attributes and qualities of AFC Energy’s technology. We have long believed its systems are robust – chemically and otherwise. Nevertheless, we are very impressed with the delivery achieved by AFC Energy’s systems in the most arduous conditions on the planet. To have successfully featured as the primary power source to charge the vehicles in each of the first three races is a very strong statement that unequivocally proves that AFC Energy’s systems have the inherent qualities to replace diesel generators with 100% emissions free hydrogen power. Today’s announcement strengthens our high-conviction confidence in AFC Energy’s technology, which remains the foundation of our high-conviction, long-term growth outlook for the company. We reiterate our fair value estimate of 159p.

It in encouraging to see the Head of Renewable Energies at Altaaqa commenting in the Urban Air post yesterday. It is starting to feel like the dots are joining up and I look forward to more updates about the work with Altaaqa, ABB, Acciona, Mace and others.

"Congrats Adam and team!
Great achievement. The dream is becoming more real with the contribution of visionary companies like yours."

Whilst I note that this nomination has not led to a flurry of buys, I would have thought that S&P would have done their due diligence before nominating AFC as a finalist. Who knows, AFC might actually have a groundbreaking set of products that are going to be instrumental in the transition towards the hydrogen economy...

I note that ITM is now 7% up so let's hope that, having seemingly unfairly dragged AFC down when it fell, it can pull AFC back up with it!

Or the sector could continue to recover as the move towards hydrogen picks up speed and as the fear/deramping are replaced by positivity/FOMO. I note that both CWR and ITM are up 4% today.

It is encouraging to see Fuel Cell Energy is up 12%. Let's hope the sector recovery finally sticks this time and that AFC produce the first really substantial news in months.

Great to see some positivity and, despite what those who want to sow the seeds of doubt want to portray, this change in sentiment can affect trading patterns and the SP of a company like AFC. Still waiting for better newsflow but there is no reason to buy the panic created by the derampers/shorters.