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Pin to quick picksCeramic Fuel Cells Share News (CFU)

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Broker tips: ENRC, Restaurant Group, Ceramic Fuel

Mon, 04th Jan 2010 12:36

Kazakhstan based mining group Eurasian Natural Resources is sitting pretty in the mining sector, Merrill Lynch reckons, as it will benefit from higher metals prices without suffering the same level of cost increases set to afflict its South African rivals.'We believe costs for South African producers will see structural increases over the next few years as power tariffs should see steep rises. This in turn supports higher prices, as South African producers are key players in setting benchmark prices,' the broker reasons, adding that this scenario creates 'a compelling buy case for ENRC.'The broker notes that ENRC 'produces its own captive power at a fraction of the cost its competitors pay for electricity, and therefore enjoys an un-paralleled position on the cost curve.'Following a tough Christmas in the depths of the downturn in 2008, UBS thinks that Restaurant Group, the owner of the Frankie & Bennie's and Chiquito chains, will have seen better trading over the latest festive period and has upped its rating on the company accordingly.It now has a 'buy' stance on the company, compared with 'neutral' previously and lifts its target price to 218p from 205p.It notes that the company is trading at about 11.9 times 2010 earnings, 7% below the broader sector.The broker sees Restaurant Group lifting its market share in 2010 as other operators struggle to repeat the heavy discounting seen last year, which Restaurant Group avoided.Goldman Sachs has nudged its price target up for Ceramic Fuel Cells after the Aussie alternative energy technology firm announced on December 22 that it had a government grant for its new mass manufacturing facility.The price target has been increased to 12p from 11p on a three-year time frame, but the stock's rating is maintained at 'neutral' by the US bank.'We believe long-term structural drivers exist for the distributed generation market that Ceramic Fuel Cells is targeting. However, the initial take-up of these products by boiler manufacturers and utility companies may be more challenging in the current economic environment,' Goldman Sachs believes.The bank has trimmed its fiscal 2010 sales forecast by 5.9% to A$5.2m, but longer term the picture looks brighter with Goldman Sachs upping its sales forecasts for 2011 and 2012 by 4.3% and 2.9% respectively.
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30 Apr 2014 15:40

Ceramic Fuel Cells 3rd Quarter Disappoints With Limited Sales

LONDON (Alliance News) - Ceramic Fuel Cells Ltd, the natural gas and renewable fuels technology company, said Wednesday that it only sold 15 units in the third quarter, in what it said was a "disappointing" trading performance after improving sales momentum earlier in the year. The company

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24 Mar 2014 12:46

Ceramic Fuel Cells Raises Money In Placing, Gets Investment Deal

LONDON (Alliance News) - Ceramic Fuel Cells Ltd Monday said it has raised about GBP3.36 million in a placing and also signed a deal with an investor which will lead to an investment of between USD3 million and USD8.5 million, money it needs to keep going after a recent big order collapsed.

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24 Mar 2014 10:20

Ceramic Fuel Cells announces fundraising

Ceramic Fuel Cells has raised 3.36m pounds as part of its plan to boost its capital reserves. The group has also entered into a so-called Bergen Agreement, by which the investor has agreed to put in a minimum of $3m and up to $8.5m in the company. The investment is in consideration of the firm is

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10 Mar 2014 15:00

Ceramic Fuel Cells Not Aware Of Reason For Share Jump

LONDON (Alliance News) - Ceramic Fuel Cells Ltd said Monday that it did not know any specific reason for the sharp rise in its share price, after it rose to a high of 2.65 pence. Shares in Ceramic were trading up 39% at 2.50 pence Monday afternoon, but had traded at 2.65 pence earlier in th

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3 Mar 2014 09:26

Ceramic Fuel Cells Trims Loss, Receives Order For 100 BlueGEN Units

LONDON (Alliance News) - Ceramic Fuel Cells Ltd Monday said its pretax loss narrowed slightly in its first half as revenues improved and it has received a large BlueGEN unit order. The developer of fuel-cell technology generators to convert natural gas into electricity and heat for homes an

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20 Feb 2014 11:03

STOCKS NEWS EUROPE-UK small caps index down 0.4 percent

The FTSE small cap index and junior-listed AIM shares are down 0.4 percent and 0.3 percent respectively, against a 0.26 percent fall recorded by the blue chip index and a 0.6 percent weaker mid-caps index . Real estate investment trust Redefine falls 3.9 percent after announcing it is relea

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20 Feb 2014 10:55

Ceramic Fuel Cells Slides As Synergy International Deal Falls Apart

LONDON (Alliance News) - Ceramic Fuel Cells Ltd Thursday said it has decided that Synergy International OÜ is in breach of contract after the Estonian distributor missed a second deadline for paying for BlueGen units it had ordered, meaning the British company is now having to look at its options

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20 Feb 2014 10:09

Ceramic Fuels dives after Synergy Intl breaches contract

Shares in Ceramic Fuel Cells plunged more than a third on Thursday after the group told investors Synergy International had breached the terms of its contract by failing to make a pre-payment. The contract had a value of more than 20m euros. The pre-payment, the deadline for which had aleady by

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27 Dec 2013 08:55

Ceramic Fuel Cells Raises GBP3.2 Million In Placing And Overseas Offer

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18 Dec 2013 10:46

Ceramic Fuel Cells sells powder plant assets to ICL-PP Europe

Ceramic Fuel Cells is selling its powder plant assets in Bromborough, UK, to the materials business unit of ICL-PP Europe for 1.15m pounds. CFU is no longer utilising the powder from the plant due to a change in the production process. The firm explained that it had realised a surplus asset which

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28 Nov 2013 12:27

CORRECT: AIM IN BRIEF: Herstal Emerges As Favourite To Acquire Manroy

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28 Nov 2013 12:22

UK WINNERS & LOSERS: Carney Knocks Down Housebuilders, Cameron Snuffs Tobacco Shares

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28 Nov 2013 10:31

Ceramic Fuel Cells bounces on Baltic bonanza

Ceramic Fuel Cells (CFU) has agreed to sell 1,000 BlueGEN small-scale electricity generators to its new Baltic distribution partner over the next two years, more than double the number of units the company has sold in its history. The Australian-based company said the units were valued at more tha

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28 Nov 2013 08:48

Ceramic Fuel Cells Soars On Baltic Distributor Deal

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28 Nov 2013 08:22

AIM IN BRIEF: Beretta Emerges As Favourite To Acquire Manroy

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