The alternative energy sector is the broad term I use for non-oily & gassy energy listed companies. The sector has been hot all year and starts next year on some spectacular valuations. In many ways all valuations in the sector are bonkers, but which ones are most bonkers? And which companies are wearing Emperor’s new clothes? Here’s my meandering views on 6 leading contenders.
When it comes to new technology that is yet to become common place, being amongst the first to get involved doesn’t necessarily guarantee success, especially for early investors in smaller companies.
If you ask the bear community for its top 4 shorts on AIM certain companies seem to feature in almost every list….
After 12 years and 9 months on the AIM market doing what almost appears to be random things with fuel cells other than burn cash, AFC Energy (AFC) showcased its latest product - the H PowerTM Electric Vehicle (EV) charger - to retail investors back in December. This is clearly delivery of the IPO statement “The Company has a sole focus on producing commercially viable fuel cells”, or perhaps not – over 12 years to achieve no material sales?! Given the lack of success of its prior commercialisation ideas, and more importantly the operating costs associated with its latest ideas, I do not foresee a wonderfully wealthy future for shareholders. In fact I see nothing positive at all...
I want to get in there before my colleagues and flag up that the valuation of the ramp du jour AFC Energy (AFC) is absurd and that the company is drowning in red flags. Reading some of the Bulletin Board posts this smells just like Cloudtag although obviously it is not a Norfolk. Natch. I want to makle that clear.
It is some three years since Evil Banksta covered AIM-listed AFC Energy (AFC) on this site with his piece In the long run, AFC Energy is a zero. The shares were then 14.5p. Last night they were 3.775p and now they are 3.39p. I guess we are 76.5% there, then! This morning we were told that the company was pleased to announce its results – but should it be?
AIM-listed AFC Energy (AFC) released its results last week with a fanfare, highlighting “successful testing”, “increased income”, MOUs, and “strategic partnerships. What they didn’t highlight though was (i) the company has been “testing” since 2006 and despite lots of “successful tests” has never achieved a single commercial sale, (ii) AFC’s principle sources of income were EU grants and income from selling its shares via a complicated equity swap, (iii) the company signs up to MOUs and strategic partnerships with the same appetite that a pubescent teenager devours (and dumps) new partners.
If you want me to analyse a stock for you just drop me a line at firstname.lastname@example.org - Today I look at shares in AFC Energy (AFC), Beowulf Mining (BEM) and Sirius Petroleum (SRSP) setting share price targets for all three stocks
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at AFC Energy (AFC), Aminex (AEX), Rolls Royce (RR.)
Featuring AFC Energy (AFC), Hurricane Energy (HUR), Mercom Oil Sands (MMO), Surgical Innovations (SUN), and Totally (TLY)
AFC Energy (AFC) is currently enjoying its day in the sun as the AIM Casino’s favourite fuel cell stock. Hydrogen fuel cell technology companies were all the rage in 2006/7 at about the time AFC Energy was floated, with Ceres Power and ITM Power reaching stratospheric valuations before crashing back down to earth and, in the case of Ceres Power, all but wiping out shareholders.
Fuel cells are already big business in some parts of the world, which is good news for the companies that make and supply them, such as AFC Energy (AFC).
Shares in AFC Energy (AFC) have performed well of late, more than doubling since Roman Abramovich’s vehicle Ervington Investments acquired 15% of the company last October for the price of an ageing midfielder (£8.7 million). The shares trade at 38.75p today down from a recent high of 50p to give a market cap of around £90 million
AFC Energy (AFC) listed on AIM in April 2007 with a stated aim of commercialising its fuel cell technology. Its chairman then and now was sleazy MP Tim Yeo. Investors in the original placing were told that the company would deliver multiple systems to customers by August 2008. Yup. Right. Natch that has not happened and the old guard (except sleazy Tim) departed a year ago.
I can already say that as far as spotting rallies / recoveries in the minnows, there are actually only three main charting configurations to watch out for. The one currently at AFC Energy is actually of the Leyshon (LRL) / Petrel (PET), Leni Gas (LGO). You won’t see this kind of analysis anywhere else!
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