Member Info for MPO818

It’s well known that the company is fully funded through 2021 and any news regarding a partner could be partners would see it fly these things usually come when least expected.

Getting closer!!!

Just a brief reflection on this issue. Our directors raised over £30m at a time when they could not participate because of a close period. These funds were raised at over 25pc discount, showing they have no interest in the dilution to LTH’s. I’ve just participated in another issue with PRIMARY BID in Countrywide Properties issued at a 7pc discount the directors chucked in £420k. AFC has been full of hot air for the 10+ years I’ve been involved I hope they have changed, I’ll give it a bit longer but I’m still not convinced. With no skin in the game why should they care.

Well the announced the were commercial and possessed disruptive tech in November 2019. They took their product on a road show around the U.K. ending in Scotland in early 2020. They raised a few million bypassing shareholders to help with COVID downtime and now they’ve nipped in with another £30m with once again the only recognisable institution being Schroeder’s.
The big question is are we all being taken on another Adam Bond ride. Remember the directors did not dip into their pockets, it was conveniently a close period, great planning on their part.

This was expected on two counts one it started the week at circa 21p and two its Friday many traders and there are lots don't want to be exposed over the weekend. There is of course a significant chance that there will be some good comment in the weekend press and there could also be a further positive RNS early doors Monday. I'm sitting tight waiting for the next release.

With all the new (16p) shares now available to the market interesting to see volume of over 18m traded (yesterday less than 10m) and the sp firmly in the blue. The growing publicity can only be positive.

Bound to be some (silly things) short term traders taking profit but the trajectory is clearly upward and they will regret their actions. Another decent RNS and this will be away.

As I said earlier the ball is in AFC’s court, no financial value attached to today’s RNS hope there is some more to follow!!!

Could be significant selling pressure as these become available, but once cleared and with the right news they may fly, the ball it now with the company to deliver.

EQi message to say shares from PRIMARY BID are now in account.

If you got them 10 days ago at 16p and now they are 24p that is a big/decent spike in most books.

Bananaman2
I tend (and really hope your right) to agree with your assessment of AFC and I have been involved here for many years. I’ve enjoyed seeing 60p + and suffered less than 3p. A wise guy (now dead) always offered the advice “leave some for the next man” and that has always served me well.

Skins4 I did similar to you selling all for a very nice profit, I then bought all of them back via PRIMARY BID at 16p. I’m going to sit on them now, surely £30m plus is too much just to wasted. When it comes decent news could see them double from here.

My account with EQi is also showing my basic entitlement and the full excess amount. I’m sure the excess is purely administrative and will be removed/updated in due course.

Lots of comments relating to this in various posts. The current market cap is circa £370m. How much is this raise expected to pull in.

I think all those in doubt, shouldn’t bother it’s just not worth the time and effort for such small numbers.

Hopefully then I will get some of the excess shares I’ve applied for, Haha.

Same with EQi

With only 75pc of the current shares (and similar post the fund raise) in free float cannot understand why people (probably day traders) are baling at 10p and less. They wanted to raise £10m, they got £20m and massively oversubscribed. Supported by some big names, including government, news will lead to a complete rerate in a sector that’s thriving.

Possible explanation is say all up 50000 shares allocated in full, above 50000 scaled back, or something similar

A few things to note.
1 They have a terrific asset portfolio
2 Directors are heavily invested
3 The free float of shares is very limited
4 Recent bullish comment from Thompson linked to investors chronicle was good but still undercooked the true value
5 They have enough cash to end 2021
I’m sure there is more, any half decent farm out to a major (due before end 2020) will see the shares go significantly to a new high, probably over £4 at least.
What have I missed??
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