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That's a pretty big IF!
By Ganesh Rao of CNBC
"Shares of AFC Energy , a provider of hydrogen-fueled power generation technologies, is expected to more than double over the next year, according to RBC Capital. The London-listed company, founded in 2006, makes a range of proprietary hydrogen fuel cell systems aimed at off-grid and remote power generation for construction, mining, and transportation industries"
https://muckrack.com/ganesh-rao-1
Your missing my point entirely…..
AJBell have not confirmed, that pending the vote at the agm I have secured my shares…
For all I know if AFC sp doubles over the next 3 weeks I make nothing, they may just give me a refund and say I missed out cause it was oversubscribed..
I would like to know so I can reallocate my money…
Tvrandyshep,
Holding your funds is what the provider, Rex Retail do to ensure that once voted in, they have the cash available to immediately pay AFC.
Nobody is going to refuse to pay you back if the funding is not voted in, they can't touch the money let alone spend it, as it's held in escrow until the deal completes, and is released back to you if the deal does not complete.
‘If it was available to all brokers then no one would have got anywhere near their 96% allotment, unless AFC allowed millions more shares to be issued, but then you would be complaining about bigger dilution!’
Well maybe they shouldn’t have sold them at a 26% discount !
Stock.. YES, of course I read it and totally understand.. my point is however AJbell insisted the funds were readily available in the desired account. So at present my funds are held in an active order until the motion is passed. But I don’t know if I’ll get any shares, they haven’t told us.
At worst they’ll obviously refund the cash. But will have missed the opportunity to purchase at 15.25p on the open market.
P.s. there is no need to be a condescending twit. Mr never go below 500m market cap..
Not bashing spanner, just highlighting the unjustifiable nature of your stance on this particular snake oil operation.
If you believe that this thing will come good in the long run, then good on you, but I personally believe that your continued and incessant posting of peripheral trivia with only the scantest link to AFC in order to paint a far more healthy picture than is the case is tantamount top fraud, on the basis that it could persuade the unwary to buy into this off the back of information posted by you which is, frankly untrue.
My opinion is that you are a malign presence on this board, and frankly dangerous. What precisely is your agenda, and why are you so vociferously opposed to any other view than your own?
Agree with Oggs, this is just how it works in AIM. Some AIM companies I have been invested in announce the offer 5 mins before close and only available on the PrimaryBid app (which i think is now shut down) so virtually all PI's missed out unless you just happened to be looking at the time the RNS was released.
I dont hold shares with any of the 3 approved brokers so I just bought open market. Its not AFC shafting anyone, its just how it was worked. If it was available to all brokers then no one would have got anywhere near their 96% allotment, unless AFC allowed millions more shares to be issued, but then you would be complaining about bigger dilution!
Ah, another of the bashing gang returns to fight the cause!
Did you see the replies to that?
I've emailed AFC about this, to make sure they get in contact with those commenting.
"Our client, a government entity, requires 50MW of power for their island nation and we are interested in this solution I would appreciate it if you could contact me"
https://www.linkedin.com/feed/update/urn:li:activity:7206581249065242624/
About the person commenting:
"Management consultant skilled in devising strategies for businesses to thrive in various scenarios, including sustainability, growth, downsizing, or expansion. Expertise in financial and business transformation, providing straightforward advice on essential matters without unnecessary jargon."
"Sustainability and green energy solution provider and leader in the MENA region. Extensive experience in managing SMEs to large companies and creating lasting business transformations using the latest technologies."
"Unique method to sell sustainable solutions; very entrepreneurial and a change leader."
Surely, as he works in Abu Dhabi, it has to be Bahrain.
https://en.wikipedia.org/wiki/List_of_island_countries
https://en.wikipedia.org/wiki/Bahrain
Also interesting that his comment was replied to by someone from the massive MASDAR!
Under their name it says:
Renewable Energy Power Generation
Masdar , Abu Dhabi
Check them out:
https://masdar.ae/en/our-company/about-masdar
@constructivenews
You could have applied for “x” number of shares before the deadline without having the funds available in the purchasing account, and then have until the end of the month to have the funds available.
That’s what I did, and will fund my account accordingly for the purchase of shares that I have now been awarded. I did not feel rushed at all.
You are completely missing the point CN. This is how AIM companies do placings. Get over it.
"The Issue Price represents a discount of approximately 26.8 per cent. to the closing mid-market price of 20.5 pence per Ordinary Share on 7 June 2024"
Current price is 16.9p which is only 17.56% discount to the price before the placing, and it is rising so the paper loss is diminishing fast. It only needs to go back to 20.5p after the General Meeting votes the remaining funding through and CN will be back at break even, unless they average down right now of course.
AFC will then have all the money it desired to fast track deliveries to Speedy, TAMGO, Acciona etc and the price will be free to go up as high as the market wants to take it. I'm sure the ii's will be all over it, knowing full well that fast track deliveries have been enabled.
Really - so why the great rush to do it after hours??
Some of you are not listening & keep saying I could have bought more at slightly above the 15p offer.
My point is, the offer was made public , not available to all shareholders , rushed through & only available to certain brokers so those that dealt through other brokers lost out.
It was so quick. I for one didn't have the funds really available to either take advantage even on the open market. Or even if I had dealt through one of the 3 brokers, which i dont, it was all rushed through so quickly . Lots of ordinary shareholders lost out.
This is born out by the price rise today & proves my point. Very badly handled by Afc for Ordinary investors.
H-Power Generators come to Kenya!
Through our regional partner TAMGO, AFC Energy’s H-Power Generators are today being marketed to the Kenyan offgrid power market for the first time at TAMGO’s Kenyan Customer Expo.
With such high ambitions for hydrogen in the African market, Kenya offers an opportunity for first mover advantage in the transition to sustainable offgrid power.
We are proud to be working with TAMGO - The Machinery Group LLC. as a market leading plant and equipment dealer in the MENA region.
Tvrandyshep,
Did you not read the RNS?
"The Conditional Placing and the REX Retail Offer are conditional upon, amongst other things, the Placing Agreement not being terminated in accordance with its terms and the Resolutions required to implement the Conditional Placing and the REX Retail Offer being passed by the Shareholders at the General Meeting proposed to be held at 11:00 a.m. on 28 June 2024."
Therefore, once the funding is voted through at the General Meeting, you will receive your allocation into your account. The ii's will obviously vote through the funding so no worries.
The AJB system is showing that I have applied for 96% of the shares that I actually applied for which I'm taking as an indication of that being my allotment as some others on here have confirmed that is what they got elsewhere. But I would have expected confirmation of that by now
There’s no rush, you’ll be able to buy again at 15p on 1st July when the 3m retail offer shares hit the market
i wish i had have bought at 15.25p on the open market, cause ajbell have not confirmed my order was successful but obviously still hold the funds. will be ****ed if lifts off only to find come the agm that i don’t have the offer shares.
🤔🤷
CN - I was one of the many that said you could just buy open market at fraction over the offer price, then you wouldnt have been diluted. If you wanted more shares at 15p why didnt you just buy them at 15.25p?! If you didnt have the funds to buy in the open market now, they you wouldnt have had the funds to participate in the open offer sure?!
You are just making a fool of yourself, CN. One of the plusses for firms listing on AIM is to be able to raise money in this way. It's a risk that you as an investor should be aware of. and you could have bought plenty at c. 2% above the placing price anyway.
My average is well below 10p, and I won't be selling until the price is well over £1, so the only loser will be desperate dazaster and his bashing gang.
CN,
I TOLD YOU and several others TOLD YOU to buy in the open market at a fraction over 15p. WHY DIDN'T YOU?? And do't say you didn't see those post, we know you did because you replied to the same threads!
CN,
Fact is, " I lost 25% of my investment. Bond i incompetent." is total BS, AND YOU KNOW IT!!!