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Ceramic Fuel Cells

February 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CFU
  • Price:
  • 49.5p
CFCL has issued its Q2 update with no particular new news to report since last month's update, suffice to say that net cash outflow in the period was £1.9m, slightly higher than Q1 due to higher product development costs and leaving cash as at 31 December at £30m. Capital expenditure is expected to increase in coming quarters as the Company upgrades its Melbourne plant and commissions its UK power plant. Ambrian suggests CFCL is close to signing up two more European power suppliers, including a UK group, for field trials of its technology (with the broker guessing these will be Nuon and Powergen). A deal with a German boiler manufacturer is also in the pipeline with many of these expected to be announced this month. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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