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Business Description: Ceramic Fuel Cells Limited (CFU) is engaged in the commercial development and demonstration of power generating products based on the companyâ€™s ceramic (solid oxide) fuel cell technology. CFU is also developing fully integrated power and heating products with energy companies E.ON UK in the United Kingdom and EWE in Germany.
Strategy Analysis: CFU is developing SOFC products for small scale on-site micro combined heat and power (m-CHP) and distributed generation units that co-generate electricity and heat for domestic use. The Company's strategy is to become the supplier of choice for reliable and high electrically efficient solid oxide fuel cell products, which manufacturers can easily integrate into micro generation appliances for the European market. CFU is targeting distributed generation, being the micro combined heat and power and auxiliary power markets. Initial target markets are residential houses in Australia and Western Europe, with the company continuing to invest in improvements to its core technology. Collaboration has been announced with FZ Julich, a leading European research institution, which will play a leading role in solid oxide full cell development and commercialisation. Another validation to this strategy was a number of development agreements being signed with leading energy and heating companies over France, Germany, UK and the Benelux. As part of a long term business strategy, a ceramic powder plant was built in the UK for ceramic powders used in proprietary technology. Future opportunities will be explored to make high quality powder for other applications. It is hoped that the company can successfully and efficiently scale up Australian laboratory processes into a successful European plant. The company believes that Asian markets hold significant future potential for their microgeneration technologies and will be seeking prospective collaboration opportunities in this area.
Ceramic Fuel Cells reported a net loss of $12.61m for the half-year ended 31 December 2012. Revenues from ordinary activities were $2.59m, down 21.8% from last year. Basic and Diluted EPS was (0.86) cents compared to (1.01) cents last year. The net operating cash outflow was $9.08m compared to an outflow of $12.43m in the pcp. No dividend was declared.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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