ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

CFU Ceramic Fuel

0.22
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Ceramic Fuel Cells Investors - CFU

Ceramic Fuel Cells Investors - CFU

Share Name Share Symbol Market Stock Type
Ceramic Fuel CFU London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.22 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.22 0.22
more quote information »

Top Investor Posts

Top Posts
Posted at 14/2/2015 21:51 by new tech
Abramovich-Backed AFC Discusses Tie Ups to Start Fuel-Cell Sales
Bloomberg
by Louise Downing
13th February 2015



AFC Energy Plc, a U.K. fuel-cell maker backed by Russian billionaire Roman Abramovich, is talking to 10 to 12 companies with “household names” over setting up partnerships to help it push the technology to market.

AFC is targeting the U.S., South Korea and Southeast Asia where there’s support for fuel cells, Chief Executive Officer Adam Bond said in an interview in London. The first deals from the talks should be in place within the next quarter, he said.

The company’s fuel cells, which convert oxygen and hydrogen into power and heat, are for industrial and utility-scale sites. Unlike wind and solar, they provide a continuous power supply.

Tie-ups will vary depending on the needs of the partners.

“We could sell equity stakes in AFC, form joint ventures, act as a tolling agent where we process the hydrogen for a fee and sell the power back to the grid, or process the hydrogen and sell electricity back to the company,” Bond said.

Since becoming CEO in December, Bond has brought forward a timeline for commercial deployment of AFC’s systems by more than 18 months. It plans to install a first commercial unit at an Air Products & Chemicals Inc. site in Germany in December.

“AFC has been working on research and development of its fuel-cell technology since 2006 and it’s now time to bring it to market and return some value to shareholders,” Bond said.

It plans to install 50 to 100 megawatts in five years, with possible sales of more than 20 million pounds ($31 million) a year. It’s also looking to grow beyond chemicals to industries such as refining and steelmaking, as well as homes, Bond said.

AFC in July agreed to two deals to install units in South Korea. It raised 6.1 million pounds in October from investors including Abramovich’s Ervington Investments Ltd., which now owns more than 15 percent of the business.
Posted at 01/11/2014 17:50 by broshm
not done anything to bring back some value for us " investors " this has cost me more than AFC . No more new technology for me . Our government continues to pour our cash down the drains of windmills and HS2 , what value can there be in cutting train time Lon/Brum by 15 mins ,thats if they ever get the HS train to go more than 170 mph .A real highspeed link Heathrow/london wold make sense with linear motor , invented in what once was GREAT BRITAIN >
When will they see the need for energy storage/balancing ?
How can our few bonfires/powerstations cause a problem when the world has maintained its temperature for 5 billion years , can you get your mind round a billion years ?
Posted at 28/10/2014 18:09 by ball deap
Maybe the management should spend more time trying to sell their product than time with prostitutes in their expensive hotel room paid for by the investors. The sales staff are very busy at the moment, they have a prostitute and expensive bar bill to sort out.
Posted at 29/9/2014 07:24 by humphries1
29 September 2014

Ceramic Fuel Cells Limited

("CFCL" or the "Company")

Rights Issue Prospectus

Ceramic Fuel Cells Limited (AIM / ASX: CFU) a leading developer of generators that use fuel-cell technology to convert natural gas into electricity and heat for homes and other buildings, has today lodged a Prospectus for a pro rata renounceable rights issue to raise a maximum of approximately AUD $13.7 million (before costs of the issue) through the issue of:

-- up to 1,529,530,459 new ordinary shares on the basis of 3 new ordinary shares for every 5 existing shares held by qualifying shareholders at 7.00pm on 3 October 2014 at an offer price of 0.90 cents each; and

-- the grant of up to 764,765,229 options, being one option to subscribe for a new ordinary share for every two New Shares issued, which options shall be exercisable on or before 30 October 2015 with an exercise price of 1.1 cents each.

CFCL shareholders with registered addresses in Australia or New Zealand will be entitled to participate in the rights issue. Qualifying shareholders may also trade their entitlement, including on ASX.

Qualifying shareholders can also apply for additional shares and options, to take up any shortfall from other shareholders not taking up their full entitlements under the rights issue.

The prospectus for the rights issue was lodged with ASIC on 29 September 2014 and will be sent to qualifying shareholders no later than 8 October 2014 together with a personalised entitlement and acceptance form.

The prospectus is attached to this announcement and will also be available at www.cfcl.com.au.



As required by the Listing Rules, CFCL has also lodged an Appendix 3B with ASX and will also mail a letter to shareholders and optionholders with information about the rights issue. Copies of those letters will also be lodged with ASX.

The indicative timetable for the rights issue is below:


Event Date
------------------------------------ -------------------------------
Announcement of rights issue Before 10 am 29 September 2014
and lodgement of Prospectus with
ASIC and ASX
------------------------------------ -------------------------------
Rights issue record date 7:00 pm 3 October 2014
------------------------------------ -------------------------------
Prospectus despatch date 8 October 2014
------------------------------------ -------------------------------
Renounceable rights trading ends 22 October 2014
------------------------------------ -------------------------------
New shares quoted on a deferred 23 October 2014
settlement basis
------------------------------------ -------------------------------
Rights issue closes 5:00 pm 29 October 2014
------------------------------------ -------------------------------
ASX notified of shortfall 3 November 2014
------------------------------------ -------------------------------
Settlement of shortfall (if any) 6 November 2014
------------------------------------ -------------------------------
Allotment and issue of shares 6 November 2014
and grant of options
------------------------------------ -------------------------------
Despatch date of holding statements 7 November 2014
------------------------------------ -------------------------------
Expected commencement of trading 7 November 2014
of shares on a normal basis
------------------------------------ -------------------------------


Shareholders should refer to the Prospectus for the full details and terms of the rights issue.

If shareholders have any queries about the rights issue, please contact Computershare Investor Services:

Phone: 1300 850 505

Internet: www.computershare.com.au
Posted at 03/9/2014 15:03 by loading
Does investing in fuel cells stack up? Investors Chronicle, CWR, ITM, PPS, AFC, CFU, ACTA -

- Today, 3:01 PM
Posted at 10/3/2014 20:11 by broshm
Added to post 4051 did u not see ? Dec2011 84% takeup at 7p .
This was the time they gave no consideration to UK investors .
Posted at 02/12/2013 13:55 by sueyou1
temmujin, the chances are 50/50 that it will eventually default on it's loan(s) or suffer a catastrophic fund raising where nowhere near enough new cash is injected, in either case the holders of the loan will inherit the company and all investors will lose the last few quid they have remaining in the stock. The longer CFU goes without increasing sales significantly towards break-even the higher the risk.
Posted at 28/11/2013 07:53 by sueyou1
Well done CFU in actually getting an order that unlike prior orders it cannot be zero units in the end!

Don't get over excited by this, because the profit will be maybe £1m per annum of the £12m per annum that CFU is burning, so they will need another 11 orders of the same size to overcome the huge cash burn that hss been draining investors bank accounts for years. Plus they have £5m of debt to clear.
Posted at 27/8/2013 21:36 by sueyou1
Another one barking up the wrong tree, in fact he's just a bitter and twisted barking mad fool LOL!!

brunodog2 27 Aug'13 - 17:30 - 3787 of 3787 0 0 (Filtered)


If you want to know what's wrong with CFU then you need to look at the way the company burns cash like there is no tomorrow (needing another £5m within 2 months), the systems that are still 4x-5x the price that people would pay for such a system (because high efficiency boilers and Stirling Engined mCHP are so much cheaper), but don't bother trying to pull the wool over investors eyes by making out the share price has anything to do with me posting THE FACTS!!
Posted at 30/4/2013 17:35 by miket888
I picked this article up on sharecast.com. It doesn't look good for the short term investors but sales are now developing at a much faster rate and unit costs could drop significantly from subsidies on offer to take on this world class technology!

Ceramic Fuel Cells poised to raise 4.3m pounds from investors
Tue 30 Apr 2013

CFU - Ceramic Fuel Cells Ltd.

Latest Prices
Name Price %
Ceramic Fuel Cells Ltd. 3.75p 0.00%

FTSE AIM All-Share 707 -0.07%
Alternative Energy 8,888 0.00%
LONDON (SHARECAST) - Ceramic Fuel Cells, the developer of generators which use fuel cell technology to convert natural gas into electricity, has received in principal commitments from institutional investors in the UK to raise a 4.3m pounds, subject to the finalisation of transaction documents with each of them.

The company reported that the documentation was expected to be completed over the next two days and said that the amount raised could increase further over that period.

It said that the fundraising was to be constituted by the issue of both new ordinary shares and secured convertible loan notes. The notes would have a three-year term, a 9.0% per annum coupon rate payable quarterly and could be converted into equity at anytime at the holder's election.

Ceramic Fuel Cells reported that the issue price of the new ordinary shares and the conversion price for the loan notes would be 2.14p per share.

In addition to the funds, the company said that it expected to receive a further AUD 5.0m (£3.3m) in cash from the Australian Government around the middle of the year in relation to a tax refund.

This amount arose as a refundable credit in relation to the company's fiscal year research and development expenditure that was claimable for tax purposes, the company said.

Ceramic Fuel Cells' share price was down 0.53% to 3.73p at 12:27 on Tuesday.

Your Recent History

Delayed Upgrade Clock