Ceramic Fuel Cells Share Discussion Threads

[waterloo01] 23/7/2013 10:12

It's hard to deny sueyou's logic. 18+ months ago they did a discounted (at the time) placing at 10p when the market cap was £200m. Long distant days when the company was forecasting massive sales. But the market has proved to be much smaller, uptake much slower, costs higher and the company unlikely to ever break even, let alone turn a profit. You might like the tech, but 'Beta' was also superior to VHS. Beta is now long dead.

I'm not a holder here but have had a decent position some years ago, hence the interest.

[sueyou1] 23/7/2013 09:57

358 is not significant, the profit on those will not even pay the Directors salaries for the year. At the current burn rate that profit will be down the cash drain in one month. Let me know when they actually get recurring orders for 358 PER MONTH and then I might start taking them seriously.

Burn rate of £4.4m per quarter is £1,466,666 per month

358 at a NET profit of £4000 is £1,432,000

Profit is gone in one month. So they need to sell at least 358 per month just to get close to break even.

[broshm] 23/7/2013 09:34

358 enquiries now for free installation , this will be a significant sales volume !!

[cool_hand] 22/7/2013 22:15

SueYou said it was going lower, that's when I started buying.

[jonesey3] 22/7/2013 19:47

SueYou1, AKA Denc, AKA Fuelcell, is a bitter and twisted man. Lost everything on PDX.
and.. he is not a *WAT, he is a *UCKING *WAT

[sueyou1] 22/7/2013 19:41

Never. Even with sales via free installation, the profit margin will be so slim that CFU will need to sell even more THOUSANDS of systems to cover it's crazy cash burn rate. Currently it can't even sell dozens, let alone hundreds or thousands.

[broshm] 22/7/2013 11:57

When will we see income from sales with free installation , his couldammount to a few $M !

[jonesey3] 18/7/2013 19:36

SueYou1, AKA Denc, AKA Fuelcell, is a bitter and twisted man. Lost everything on PDX.
and.. he is not a *WAT, he is a *UCKING *WAT

[sueyou1] 17/7/2013 20:22

broshm, if the MM's are holding a large amount of stock then the price won't go up until that overhang clears.

IMVHO the share price will continue to drift due to the lack of significant progress and continual high cash burn.

[cool_hand] 17/7/2013 14:23

dilution, 1/4 million represents a fraction of the number of shares in issue.

[broshm] 16/7/2013 16:51

1/4 million buys and no change to share price . No one has come up with any idea how there can be such large trades with no change to share price ?? suppose this is what you get on AIM .

[sueyou1] 11/7/2013 21:40

Forgot about the £3.1m back from the Aussie Gov't, so that gives CFU around £6.1m, enough to last just 4 months.

[sueyou1] 11/7/2013 20:50

The next CFU cashflow report is due out the week of 22-26 July.

Quoting myself: "26 Apr '13 - Bluegen.net is still only showing 265 units installed. Only 20 BG's installed in 4 months, 60 per annum."

11 July - 275 installed. If that is the same number on results day it will be 10 units installed in 3 months, so down to 40 per annum.

It gets worse....

Net operating cash outflow for the March quarter was £4.4m

Cash on hand at 31 March was £2.4m

03 May 2013 raised £5m

Total cash pot post 31 March £7.4m

Burn rate of £4.4m per quarter only leaves CFU with £3m in cash, not enough to last another quarter year.

What happens next, fund raising or default of the loan?

[broshm] 11/7/2013 18:40

I bet there are people with bigger losses than me here ?

[broshm] 11/7/2013 14:26

Usual large trades and no change to share price , what does go on here ?

[b0xwellian] 08/7/2013 17:44

£500,000 of 4.1m loan notes provided by
The City of Bradford Metropolitan GBP500,000
District Council (on behalf of
the West Yorkshire Pension Fund)
Would these shrewd people invest in a hopeless cause?

[broshm] 08/7/2013 16:49

Is there some missing news ?

[broshm] 04/7/2013 10:38

Registrations for free installation building nicely , 351 now. When can we expect the sales and installations to start ?

[sueyou1] 03/7/2013 22:42

Is that a new all time low? I fear it is still going to drift lower though.