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AFC Energy PLC Ord 0.1P (AFC)

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01-Mar-2021 09:11 AM

AFC Energy annual losses widen on increased investment spend

Hydrogen power company AFC Energy reported wider annual losses as the company ramped up investments across its product range. For the year ended 31 October 2020, pre-tax losses widened to £4.8 million from £3.6 million, the cash balance jump
24-Jul-2020 09:05 AM

AFC Energy reports slight uptick in losses on higher costs

Hydrogen power generation company AFC Energy reported a slight uptick in first-half losses on higher costs. For the 6 months ended 30 April 2020, pre-tax losses widened to £2.14m from £2.13 on-year as administrative expenses rose to £2
26-Jul-2019 09:49 AM

AFC Energy reports narrower losses on lower costs

Hydrogen power company AFC Energy reported narrower losses in the first half of the year as costs fell sharply. For the six months ended April, pre-tax losses narrowed to £2.1m from £2.7m a year earlier, with administrative costs falling to
16-Jul-2018 02:56 PM

AFC Energy books loss after making fuel cell design tweaks

Industrial fuel cell company AFC Energy booked a £2.75m annual pre-tax loss, as it continued to prepare its technology for commercial distribution. Pre-tax losses for the year through April were slightly deeper than a £2.69m loss recorded on-
03-May-2018 10:07 AM

AFC Energy appoints Richard Dunkley as CFO

Industrial fuel cell power company AFC Energy said it had appointed Richard Dunkley as Chief Financial Officer. Dunkley had extensive accounting and finance experience as a finance director of both listed and owner managed SME businesses across a range
08-Jan-2018 08:55 AM

AFC Energy exceeds targeted milestones

AFC Energy said it had delivered material improvement in fuel cell system and electrode performance in 2017 and exceeded targeted milestones. Chief executive Adam Bond said: 'I am delighted to confirm that, following a period of rapid progress, we h
06-Dec-2017 07:58 AM

AFC Energy places order of cathodes

AFC Energy has placed its first commercial order of cathodes with its partner Industrie De Nora to initiate the mass manufacture of electrode capability and to ensure quality controls are in place to ensure consistency with smaller scale testing. AFC
27-Oct-2017 08:11 AM

Arsenal resolutions passed at AGM

Arsenal Holdings has confirmed that all resolutions proposed at its annual general meeting yesterday were passed. At 8:11am: (LON:AFC) AFC Energy PLC share price was -0.25p at 16p Story provided by
29-Jun-2017 08:24 AM

AFC Energy operating losses narrow

AFC Energy's operating losses fell to £2.7m in the six months to the end of April- down from £3.8m last time. And the group said it was on track to reach initial demonstration of a commercially deployable fuel cell by the end of this ye
22-May-2017 02:18 PM

KSE's shares in Arsenal not for sale

KSE UK, Inc said it has noted the recent media speculation concerning its shareholding in Arsenal Holdings and confirmed that "its shares are not, and never have been, for sale". At 2:18pm: (LON:AFC) AFC Energy PLC share price was -0.13p at
25-Apr-2017 02:13 PM

All resolutions passed at AGM of AFC Energy

AFC Energy has announced that, at the Company's Annual General Meeting held earlier today, all resolutions were passed. At 2:13pm: (LON:AFC) AFC Energy PLC share price was -0.62p at 10.88p Story provided by
25-Apr-2017 08:03 AM

AFC expands collaboration with De Nora

AFC Energy has announced an expansion of its strategic collaboration with De Nora. AFC Energy and De Nora announced a joint development agreement in August 2016 which was undertaken with the principal aim of targeting technological advancements to AFC
30-Mar-2017 01:01 PM

AFC Energy sets date for AGM

AFC Energy has announced that the Annual General Meeting of the Company will be held on Tuesday, 25 April 2017. At 1:01pm: (LON:AFC) AFC Energy PLC share price was -0.13p at 11.75p Story provided by
24-Mar-2017 08:07 AM

AFC Energy operating losses narrow

AFC Energy's operating losses narrowed to £6.3m in the year to the end of October - down from £8.6m in 2015. The cost of sales and administrative expenses of £1.9m and £5.6m respectively were down from £4.8m and £
06-Mar-2017 11:10 AM

Broker Forecast - Cantor Fitzgerald issues a broker note on AFC Energy PLC

Cantor Fitzgerald today reaffirms its buy investment rating on AFC Energy PLC (LON:AFC) and cut its price target to 68p (from 77p). Story provided by
03-Mar-2017 01:34 PM

AFC Energy receives shareholder approval for £8.1m capital raise

AFC Energy has confirmed that shareholders have approved the issue of 80,684,262 New Ordinary Shares to raise, in aggregate, £8.1m before expenses. The Company said: The net proceeds of the Fundraise will be used to support the Company on its jour
24-Feb-2017 02:20 PM

Arsenal on the up - Well, financially

Half-year results from Arsenal Holdings (AFC) showed that turnover from football increased to £191.1m (2015 - £158.0m). It highlighted that growth in broadcasting distributions is at the start of a new three year revenue cycle for the Premier
14-Feb-2017 01:16 PM

AFC Energy plans to raise £8.1m

AFC Energy aims to raise up to £8.1m (before expenses) through a proposed placing of 58,500,000 ordinary shares of 0.1 pence each, a proposed subscription of 1,500,000 New Ordinary Shares and a proposed open offer of up to 20,684,262 New Ordinary Sh
06-Feb-2017 07:47 AM

AFC Energy appoints chief operating officer

AFC Energy has appointed Jim Gibson to the board as chief operating officer with immediate effect. He has has almost 30 years' experience in operations management and business development roles for the engineering contracting sector and particularly
05-Aug-2016 07:24 AM

AFC Energy inks collaboration with De Nora

AFC Energy, the industrial fuel cell power company, has signed a joint development agreement with the Italian company Industrie De Nora. The collaboration is targeting technological enhancements to AFC Energy's fuel cell system and to further accel
06-Jul-2016 07:46 AM

AFC Energy 10kW fuel cell system ahead of schedule

AFC Energy says design and basic engineering of the company's new 10kW fuel cell system, including accompanying balance of plant, has been completed ahead of schedule. Completion of AFC Energy's 10kW system design and basic engineering include
16-Jun-2016 07:04 AM

AFC Energy receives €2.052m from joint undertaking

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21-Apr-2016 07:47 AM

AFC Energy completes Lanstead equity swap deal

AFC Energy, the industrial fuel cell power company, has completed the equity swap agreement with Lanstead Capital LLP. The company entered into a combined placing and equity swap agreement with Lanstead on 8 October in the amount of GBP2.2 million. All
24-Mar-2016 08:09 AM

AFC Energy income rises

AFC Energy's EU grant and other income increased to GBP2,313,586 in the year to the end of October (2014: GBP796,135). Overall post tax losses narrowed to GBP4.8 million from GBP5.4 million. Cash balances at 31 October, excluding restricted cash, we
01-Mar-2016 07:58 AM

AFC Energy sets out strategic milestones

AFC Energy, the industrial fuel cell power company, has set out its eight 2016 strategic milestones and outcomes. Fuel Cell Stack and Balance of Plant ("BoP"): - Milestone 1: Develop a second generation ("Gen 2") fuel cell stack an
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