Member Info for MPO818

Daz9643
I very much agree what you said at 16.03 today, sadly others on this board are frustrated with the truth. It’s not possible to change the record, it’s AFC management who keep playing the same tune, with comments like “disruptive technology” “growing number of enquires” “significant orders in the second half of 2021” it’s all been said. Well now we are entering “crunch time” so to speak, 3 months remain of the financial year and 5 months of the calendar year. Let’s see what’s announced, hopefully lots of sales/orders to replace all the hot air they throw our way.

Cannot get excited over a 10k investment, it's probably on his next expense claim.

The early bird catches the worm, excellent post Dick, hope your getting enough sleep and keeping well, it's a waiting game, patience is key.

chippyjo
Thats a valid response, just need the sales now, maybe they could put the £36m in escrow and draw down as and when sales are made.

jimmynan - you wrote
If you opened your eyes you’d see we had over £60mil in the bank.

That was reported for the half year to 30/4/21
They raised £31.6m on 1/7/20 and a further £36m earlier this year. Why did they raise the £36m?

They would have had a cash pile of over £24m without that second raise. Was it just to grab some more funds before a share price collapse, which looks on the cards given the failure to turn enquires into sales, that's disruptive tech for you. The slide continues.

Blimey, why am I being ****ged off for repeating what our CEO has said. I’ve read and re read what has been promised for the second half of 2021, we are now in it, I will wait to see what’s delivered, hopefully all of the promised items. And for bumble I say “ Mr Bond is being paid circa £300k per annum, his free shares are the icing on the cake” if it all goes wrong it’s a case of heads he wins and tails he doesn’t lose, am I the only one who can see that. Can anyone tell me of another company who have issued share options with a striking price of 55p who then a few years later reduce that striking price to 22p having generated zero for existing shareholder within that timeframe - I look forward to all the examples from the chumps on this bb.

To the DISRUPTIVE TECHNOLOGY Adam Bond reported to shareholders in 2019.

Or am I dreaming and making it up for my own benefit. With 6m free shares I expect he couldn’t give 2 ……. About shareholders.

Bumble
No I did not, but remind me what price you predicted in "the bit of fun" we had at xmas, when the sp was in the high 80's. My shares are (like Mr Bond) all free shares. This company has raised over £70m in the last 18 months and apart from Extreme E has generated zilch, the wait goes on, and yes its a mere 16 weeks until another company year end.

I've now read that - over 14% held by Hargreaves and Barclays probably relates to 100's of small investors, there is no significant interest from Institutions to be excited about here, and there won't be until they sell something. It's all supposed to happen in the second half of 2021(so we have been told) well its started, let's just see what follows.

sb1987uk - you wrote
According to Simply Wall St. 73% of AFC is in the hands of institutions...

I would be really interested to know who they are, because according to the FT 94.8% of AFC shares are in free float.

??? Is it because the production will be delayed ???

Two very big late sales probably acquired in the placing

No real impact before production, but I note that WTI and Brent are both over $76 with very little price differential, cannot harm any for JOG’s farm out negotiations. Continuing to be patient with everything crossed.

Nice one Dick, did the England victory inspire the post or was it seeing all the fans (without any masks) following every government guideline. Stay well.

Blueboy310

The next Motley article on AFC may be "is the AFC share price about to treble"

Thats what they do, sit on the fence, so to speak and become expert "eventually" no new stuff in their article and some fools pay for it.

But I do wish we could report some contracts/sales.

Malik
There is zero reason to justify this underperformance - Its called supply and demand.

There is plenty of supply - and until they sell products demand will be low.

A lot of buying going on, any reasons??

That’s an interesting deal

Indeed this all sounds very positive, and they do appear to be very busy as they strive to be commercial. The only issue I raise is the references to timings. they continually switch from quarters to calendar year. With quarters, I assume they are referring to quarters within the current financial year (so before 31/10/21) Below is a comment taken from the RNS
"AFC Energy expects to announce multiple new system orders in the second half of this calendar year."
This indicates to me that these multiple orders will come in the next financial year, the market reaction to this RNS will be interesting.

Excellent post again Dick, your comments and thoughts keep all our spirits up during this waiting period. Surely we must be getting close to some news. Hope all is as well with you as it can be.