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MFZ Microfuz

9.50
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Microfuz LSE:MFZ London Ordinary Share GB00B0TBGQ14 ORD 0.15P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 9.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 9.50 GBX

Microfuze (MFZ) Latest News

Real-Time news about Microfuz (London Stock Exchange): 0 recent articles

Microfuze (MFZ) Discussions and Chat

Microfuze Forums and Chat

Date Time Title Posts
21/8/200710:20Microfuze - The next PDX?86

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Microfuze (MFZ) Most Recent Trades

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Microfuze (MFZ) Top Chat Posts

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Posted at 19/6/2007 12:22 by tonyx
POSITIVE PROFILE
CORPORATE & FINANCIAL COMMUNICATIONS
PRESS RELEASE

Date: 19 JUNE 2006 - IMMEDIATE

Contact: Peter Marks, MicroFuze International Plc +613 9824 8166
or +61 412 141 722
John Wilkes/Hugh Oram, Nabarro Wells +44 (0)20 7710 7400
Henry Gewanter, Positive Profile +44 (0)20 7489 2028

MicroFuze International Plc

MicroFuze International Plc (MFZ) to make initial investment in a South African Water Treatment Company
and Raise Additional Working Capital
The Directors of MicroFuze International Plc ("MFZ" or "The Company") are pleased to announce that the
Company has entered into an agreement with Western Utilities Corporation (Proprietary) Ltd ("WUC"), a
small start-up South African-based water treatment technology company. The agreement covers the
acquisition of the 100 shares (representing 100% of the issued capital) currently on issue in WUC for a
nominal amount together with an option to fund the development of a pilot plant to treat acid mine
drainage (toxic water) currently emanating from the mining activities of the various major mining
houses based on the West Rand in South Africa. The treatment and recycling of the water has become a
significant and growing issue for many of the mining houses in South Africa.
Directors wish to reiterate, as recently explained, that MFZ will continue to focus its activities on
the core metal diffusion technology with its current focus on boronising - having moved away from the
original focus of diffusing chrome into steel.
The original MFZ technology has continued to be developed and directors remain confident that it is
capable of achieving its initial commercial outcomes during the current year. Whilst the focus will
remain on the commercialisation and rollout of the MFZ technology and identification of other potential
applications for the technology, the South African water treatment opportunity represents a potentially
commercially attractive technology which balances and potentially de-risks MFZ from its current sole
reliance on the microwave technology.
As a consequence of this, the Company has also decided to raise additional capital in the amount of up
to £2.5m at a price of 5.0p per share. This funding will be provided by institutional investors and
will be used as general working capital to continue to fund the Company's existing technology. In
addition if the Company proceeds with the option to fund the new water project, funding will over time
be directed to the new project which, as stated above, is at an early stage of development. As a
consequence, funding will also be milestone-based and staged over a 2 year period.
The Directors believe that the continued focus on the MFZ technology and the bolstering of the
portfolio with the new project represents a commercially sound strategy and in the longer term
interests of all shareholders. Further details on the project will be provided in due course.
ENDS.

MicroFuze International plc
Posted at 29/5/2007 09:57 by dealy
£8m market cap for an IP company is enough for now. Fund raising will probably be expensive and dilutive.
Too much risk at this price.
Posted at 08/5/2007 09:34 by sidewinder2
Share price steadily increasing on small volume. No word from company about progress in coating turbine blades but it is increasingly looking that certain people "in the know" are slowly building positions. I doubled up at 3p and again at 3.5p now hopefully waiting.
Posted at 05/3/2007 13:22 by spiv 1
Agreed Pugely. Cash must be short unless they are about to receive a large contract. Yep volume low but in a very illiquid stock like this not a great surprise. Lets hope there isn't a horribly diluting share issue.
Posted at 02/3/2007 16:42 by spiv 1
Huge deal to be announced Monday? (he says hopefully). With the market cap as low as it is a big deal could see these up 5 or even 10 times, seriously. If a big multinational decides to use the technology this could become a £50m market cap company overnight (that's over 10 times the current share price!!).
Posted at 01/2/2007 23:35 by din007
I fear as Microfuze haven`t reached the expected level of Sales\Profits, as outlined in the prospectus. Microfuze will need to raise more cash very soon.

This is just my personal view and I am still very new to Shares.
So please share yours views on what you expect will happen.
Posted at 08/1/2007 15:07 by spiv 1
Could be the start of something here. Some good volume and the price is up over 20%. Mind you its got to go to 10p to reach my entry price.
Posted at 13/10/2006 10:36 by spiv 1
Well the share price performance now is truly aweful. I guess if you are brave and you still believe the story then it could be a fantastic buying opp. I must remnd myself not to invest in concept companies. There's the odd pearl out there for sure but most of them perform terribly. Unless the technology takes off there is usually very little asset backing to prop up the share price. Another Cornhill disaster to add to the list.
Posted at 04/9/2006 08:41 by din007
Interim Results
MICROFUZE INTERNATIONAL PLC
AIM SYMBOL: MFZ
September 4, 2006

MicroFuze International Plc: Interim Results for the Six Months Ended 30 June 2006

Chairman's Statement

LONDON, UNITED KINGDOM--(CCNMatthews - Sept. 4, 2006) - MicroFuze International plc (AIM:MFZ) a provider of innovative surface engineering technology, announces its interim results for the period ended 30 June 2006.

Highlights:
- Successful completion of placing
- Senior management and engineering team strengthened
- Engineering team now in place
- First commercial order for chrome diffusion
- Continued development work of Microwave Diffusion Treatment ("MDT") for chrome and boron diffusion
- Investment in "cool plasma" technology
- Net cash position at the end of the period was Pounds Sterling 1.7 million

Since the placing of MicroFuze on 13 February 2006 the Company has made progress with its development and commercial focus. Milestones achieved include the appointment of senior executives needed to provide the required leadership and expertise to direct the Company towards future growth and commercialisation. MicroFuze's first commercial order and investment in new technologies further
demonstrate the Company's focus in commercialising surface engineering solutions using microwaves.

Results Summary

The loss on ordinary activities for the period ended 30 June 2006 was Pounds Sterling 989,000 or 0.66p per share. This loss is inclusive of exceptional items totalling Pounds Sterling 421,000, being Research and Development in respect of ongoing projects. During the period Pounds Sterling 3,010,000 was raised through the issuance of ordinary shares at a cost to the company of Pounds Sterling
445,000. The net cash position of the company as at 30 June 2006 was Pounds Sterling 1,712,000.

As was announced in our trading update of 25 August 2006 the revenues for the financial year ended 31 December 2006 will not meet expectations. This is as a result of delay in the scale up and purchase of a production microwave. As a consequence the Company is continuing to preserve its cash.
Posted at 25/8/2006 19:14 by din007
Trading Update


Trading Update

MicroFuze International plc (AIM: MFZ) a provider of innovative surface engineering technology
announces the following trading update.

The Company has made progress in the roll out and commercialisation of its microwave diffusion
technology as was announced in our first order from Diffusion Technologies. However as a result of the
delay in the scale up and purchase of a production microwave your Directors foresee that it will not
now be possible to achieve market expectations of sales or profit for the full year to 31 December
2006 and in consequence cash balances at year end are also likely to be lower than expected.

The Board however remains confident in the successful commercialisation of the microwave diffusion
technology as the Company works with its customers to provide solutions for their applications.
Furthermore, MicroFuze is proactively looking to acquire complementary technologies in order to
accelerate sales, gain access to new markets and strengthen its intellectual property portfolio.
Microfuze share price data is direct from the London Stock Exchange

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