Member Info for MPO818

AB2332
You should just bite the bullet - open an online account and just transfer the stocks, no need to sell. Yes there will be a fee. Then move them into an ISA. If you have a missus you can transfer some to her, quite cheaply and use her ISA allowance.
ii charge about £120 a year for having an account and allow one commission free trade a month extra trades cost £7.99, peanuts really.

Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel.
The storage tanks in Cushing, Oklahoma, require a minimum level of oil to maintain normal operations, which traders generally believe is around 20 million barrels. Unusually for this time of year, stockpiles declined more than 4 million barrels over the past two weeks to 31 million and are expected to keep dropping rapidly due to the world's insatiable demand for U.S. light sweet crude.
It’s a stunning reversal from last year when the pandemic prompted a glut of oil so big that traders resorted to storing it in tankers at sea. The drawdown, driven by a rapid demand recovery, has been exacerbated by an energy crisis that has sent European and Asian buyers on the hunt for cheaper barrels. Over the coming weeks, stockpiles are likely to fall further to the operational low, traders at some of the biggest oil merchants in the world said, prompting the market to turn even more bullish.
“Crude oil could justifiably trade to the next level higher on the storage drought at Cushing alone,” said Bob Yawger, director of the futures division at Mizuho Securities USA. “Forget about fuel switching, whether OPEC+ adds additional barrels, or dollar weakness: if Cushing continues to slide, it could get ugly quickly.”

So, is that another 76k of share moving from soft hands to stronger holders pending news ???

The 76k purchase at 9.44am reported after the market close. Against a background of a softening sp all day, seems strange.

Travel and Leisure stocks on high alert as Delta mutation poses threat to recovery, Eastern European borders closing with high probability of the practice quickly spreading.

BJ announces a $550m Green Partnership with Bill Gates (AFC loves partnerships)
Gates’ program focuses on four technology areas: green hydrogen, long-term energy storage, sustainable aviation fuels and systems for capturing CO2 directly from the air.

I draw attention to the final 2 paragraphs of this RNS - A complete disgrace - if 300k pa doesn't motivate him - well that's sad.
Wed, 16th Dec 2020 08:00

RNS Number : 7706I
AFC Energy Plc
16 December 2020

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

16 December 2020

AFC Energy PLC

("AFC Energy" or the "Company")

Director Share Options

AFC Energy (AIM: AFC) announces that, in line with its existing share option agreement with CEO Adam Bond (the "Original Award"), five tranches of options have vested and conditions on the remaining four tranches have been adjusted to reflect the significant increase in share capital and change to business strategy.

The Original Award (dated July 2015) was in nine tranches. Tranches 1 to 3 each representing 1,000,000 options were exercisable subject to various share price targets. Under the terms of the Original Award these target prices have been adjusted to 42.5p, 64p and 85p (respectively) to take into account the change in the Company's share capital since July 2015. In addition, the Remuneration Committee has added a retention clause to these options such that a specified number of shares should not be sold between the date of exercise and the first anniversary of these revisions. This holding requirement is reduced by the number of shares necessary to meet the tax liability arising from the exercise of the options ("Retention Requirement").

Tranches 4 to 9 of the Original Award were exercisable dependent on the achievement of certain operational performance measures. The Remuneration Committee has determined that, save in respect of the Tranche 7, these conditions have either been achieved, or a comparable measure achieved.

In addition, under the terms of the Original Award, the Remuneration Committee has adjusted the strike price of the Original Award from 51p to 22p, in line with the increase in Company's share capital since July 2015.

The 6,000,000 options currently held by Mr Bond represent approximately 0.88 per cent. of the Company's existing issued share capital.

Goldman raised its forecast for benchmark European natural gas prices by 70% as tighter-than-expected supplies from Russia worsen the specter of shortages this winter. Separately, Mercuria CEO Marco Dunand said it's "possible" Brent will hit $100 this winter.

It's not all over, still lots of dosh to be made in North Sea oilies as the new UK energy minister has reaffirmed his support for the oil and gas industry as the COP26 climate summit beckons.
Still it's good to see AFC start the week on a positive note

Glasgow landlords raise prices for UN climate summit

Many attendees are having to stay in Edinburgh to secure affordable accommodation

Crude has surged above $80 a barrel, the highest in three years, as traders anticipated that record gas prices would stimulate consumption of other fuels, particularly for power generation. That’s already happening and could add about 500,000 barrels a day to oil use on average over the coming six months, the IEA said on Thursday

Haggis - thanks - but was not me, I reiterate I’m not a trader.

SP performance today, ITM and CWR both up again, is this just a catch up or could the news we await be about to drop, fingers crossed the latter.

Closing price 7/8th October 294p: 21 shares = 61.74 entitlement 10 shares at about 1.83p = 18.30

together = 80.05p for 31 shares = about 2.58p per share. so at 2.63p very close .

Just to add if any of the big players announce big contracts during Cop 26, a small company (which it is) like AFC will not be noticed. As for the Altaquaa deal signed in the desert - that was over 6 months ago, has there been any sales - no. Do AFC have a product on the shelf to deliver to them or for that matter to Mace - well does anybody know the answer to that??
LTH's invested In AFC for the potential of it's products - In November 2019 they showcased their EV charger - they told investors it was commercial - not a sale in sight - the market does not believe AB - can he deliver??

Yes, very bullish, well hedged past winter time and interestingly no mention of oil, that side they want to sell, but currently it must be making a killing with oil over 80 dollars, plus any future sale looking very attractive.

An uncrossing trade is where buyers on the bid and sellers on the ask match together in a single trade at the end of an auction period. The uncrossing trade shows up with the trade code “UT” on the London Stock Exchange.

Our CEO is consistent in his use of the word expect

“we therefore expect cash burn to increase” and “AFC Energy expects to announce multiple new systems orders” both taken from the reports noted below.
I would assume that these expectations are included in their annual budgets/forecasts – I would further assume that the use of the term “calendar year” implies that the multiple new systems orders will not be in the financial year to 31 October 2021. Any thoughts?

Extract from the CEO 2020 annual report
Our outlook for the coming year is one of confidence, with both Governmental policies and industry sentiment driving sustainable change in our key target markets. The Company's stronger balance sheet position enables us to invest in our people, products and technology and we therefore expect cash burn to increase in the coming year to deliver and grow our order book.

Extract from the CEO 2021 half year report
Outlook
AFC Energy expects to announce multiple new system orders in the second half of this calendar year

Actually we don't 'need' to sell anything 'soon'.

AFC has £60m in the bank, that is over a decade of cash, so AFC are not desperate to sell anything to keep the company afloat.

Haggis - I am trying very hard to be quiet and will only post facts - I do not trade AFC - you are prize nutter - please go and count EV’s. How can you comment I’m supposed to be on your famous “filtered list”