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Hi fusers



The comparison re value compared to the UK company Ceres is currently:


CFU $170m AUD

Ceres $ 350m AUD


CFU has closed the gap a little since last week, however if CFU is further advanced than CWR we have a long way (upside) to go.


Some further clarification tomorrow maybe!!





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Recent ShareScene.com Radio Broadcast (28/08/2008 10:00:00):

CFU - 2008 Preliminary Financial Results - Mr Brendan Dow, Managing Director


N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.


ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.


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  • 4 weeks later...

... just as I was preparing to light the fuse and cop it sweet, signs of renewed life seem to appear on the chart.

Matching Lows are the first requirement for a double bottom http://www.sharescene.com/html/emoticons/wink.gif So, here's hoping.

Fundamentally, the recent reports sound rather upbeat as well.


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  • 3 weeks later...

Hi all


Now we get the bad news on how CFUs` investments are effected by the turmoil.


I`ve been waiting for this with some dread, maybe I will be pleasantly surprised(nah, that doesn`t happen)


Why CFU had anything other than bank deposits beggers belief.



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Hi Carneius,


Whilst we're waiting on the news (it doubt it will be positive ... at best possibly a reassurance), I though it might be good to copy a post from 'Surely' on HC a few days ago, concerning feedback from the company that does appear to be positive & reassuring:-


14/10/08 07:04
UK moved green on par with the rest of the market. High of the day 10.5p 1.2mill units. Last trade 10p even.

Would have been nice to see more activity, but not the case unfortunately.

On the issue of the broader scenario Ive had some comment that I can share...

CFU's investments have all retained their ratings and are all paying interest. CFU are obviously monitoring the situation carefully so as to remain sufficiently liquid.

Finance for the factory build is not compromised as this is predominantly from cash. Finance arrangements for some equipment requirements is still considered viable/unchanged.

Grants from the German gov are unaffected.

On the issue of the financial meltdown affecting the uptake of CFU's tech by CFU's partners please note the following...

The credit market troubles have not affected the enthusiasm of our partners to develop and deploy products. Even if the credit market woes degenerate into a 'real economy' recession, we believe the risks for CFU are mitigated because:
(a) power and heat are essential services - they are not consumer discretionary or luxury items,
(b) demand for power is increasing,
© the momentum for lower emissions and cleaner power is very strong(supported by binding emissions reductions policies),
(d) we are selling to large appliance manufacturers and utilities, not homeowners,
(e) our product allows utilities to generate power far more efficiently than other technologies. Our modelling shows a strong business case for deploying our units - we are not relying on utilities' non-economic 'green' motivations,
(f) our product has a very large market - eg >10 million home heating systems sold in Western EU and Japan per year.

In regards to currency values, CFU hold investments in AUD, GBP and EUR to match expected spending in each currency as a 'natural hedge', thus we are secure in this regard as well.

Good luck all..hold tight...chins up!... production phase coming away way and a new dawn with it.


Let's hope the announcement isn't a shocker ... all else seems to be well in place for the company.


Cheers. http://www.sharescene.com/html/emoticons/wink.gif

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In reply to: twotoneh on Friday 17/10/08 07:51am

Thanks twotoneh


The same post popped up on the UK chat line a couple of days ago.


Unfortunately it doesn`t answer the question other than to say the investments have an "A" rating, something that has been shown to mean very little.


We will wait & see



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The Daily Reckoning continues to push this stock, yet that same publisher for the Daily Reckoning also publishes another newsletter/subscription (I'm not sure which one I read it in) that stated that CFU has them concerned now. That maybe ....well, didn't sound so confident anymore, and that was before the news of the paper loss in investments. Could be along time before they get back to the price they paid for them, and although they pay interest, thta doesnt' mean they are much use if you need the money and can't afford to sell without taking a large loss (13 million) .

Management has been as silly as many banks in looking for the big bucks.

One thing they probably weren't doing was looking to make themselves look like they deserved a big bonus like the bankers (who did pay themselves big bonus').

Still, they went for the big bucks not seeing the fall in the stock market and the subsequent loss in investments. Could mean they will be asking for more money in the future.

And that is what people don't like to hear or even think about.....and so the sell off. Loss in faith in management manging the funds that shareholders have given them only a little while ago, and a recession to boot.

Could be trouble brewing.



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Hi fusers


A resignation, at least it`s a head


RNS Number : 1909G Ceramic Fuel Cells Limited 20 October 2008


20 October 2008




("CFCL" or "the Company")




Ceramic Fuel Cells Limited (AIM / ASX: CFU) announces that Mr David Carruthers, non-executive Director and Chairman of the Audit Committee, has resigned from the Board by mutual agreement.


The Board wishes to thank Mr Carruthers for his contribution as a Director of the Company.


CFCL Chairman Mr Jeff Harding will assume the role of Chairman of the Audit Committee.


For further information please contact:


Ceramic Fuel Cells

Andrew Neilson Tel: +61 419 950 771


They like it in UK


Maybe the bottom from the bad news on Friday




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