Renewable players - any thoughts on whether CFU can really challenge CWR for its Fuel Cell Crown?

Link to CFU's Homepage -

http://www.cfcl.com.au/

Profit Takers are in!!

Ceramic Fuel Cells Limited
31 January 2007


31 January 2007

CERAMIC FUEL CELLS LIMITED

TRADING UPDATE FOR QUARTER ENDED 31 DECEMBER 2006

Ceramic Fuel Cells Limited ('CFCL' or the 'Company'), a world leading
manufacturer of solid oxide fuel cells for micro-combined heat and power (m-CHP)
units, today announces its trading update and cashflow statement for the second
quarter ended 31 December 2006.

Highlights of the quarter:

Signed an exclusive, three way agreement with Gaz de France and De
Dietrich for the French residential market

Established site for volume manufacturing facility on Nuon industrial
park in North Rhine Westphalia region of Germany

Continued to make system improvements to increase efficiency, reduce
size and optimise balance of plant components of fuel cell units

Net operating cash outflow of A$4.8 million / 1.9 million (Q1: A$3.0
million / 1.2 million)

Net cash and financial assets at 31 December 2006 of A$75 million / 30
million

Since the quarter end:

Secured a site in Merseyside, UK, for the production of ceramic powders

Brendan Dow, Managing Director of Ceramic Fuel Cells, said:

'The quarter ended 31 December saw significant progress towards the achievement
of our business plan and further validation of our approach. The signing of an
exclusive, three-way agreement with Gaz de France and boiler manufacturer De
Dietrich addresses one of our key target markets and demonstrates our ability to
meet our strategic objectives on schedule. With the announcement of the proposed
development of a fuel cell foundry also in the quarter, we are on track to
deliver commercial volume units to customers in 2009. We look forward to further
positive developments in 2007.'

More info in the RNS.............

Was this a good update? as the shares went down a bit but they started the day up. do we think its just a bit of profit taking?
thanks
simon

The market is trying, and I think amongst the major players, to play down technical updates as a significant boost to the S.P., as was happening last year with Ceres and ITM hitting 3 after technical updates.

Its a very calm share price at the moment. No movement for the last 5 or so days. Lots of trades though. Is it the calm before the storm? Or the calm before the we've signed some more deals with major players?

Any Thoughts out there?
Thanks
Simon

Anyone have any thoughts on the results due at the end of this month?

Anyone know what the big sells were today? Alot of buys though afterwards. Results on Monday so has anyone got any thoughts or has everybody forgot how to type!!!! ha ha
Thanks
Simon

Hold and wait and see is what I'm doing. Just before the announcement of deal in France there was some large selling and then sp moved up. I doubt anything negative has happened since so maybe just some freeing up of shares for institutional demand??? Who knows? I certainly don't but I aint selling up, too much going on and too much potential.

Thanks Andy. I think I get too scared and I always sell just before a SP shoots up but not this time. I shall be brave and hopefully make a fortune!!
Simon

Holding & waiting!

Wasn't that bad a results was it?

There was bound to be some selling off after results, due to the recent rises and stilll some way to go to achieve profitability, albeit the company is meeting its milestones. No bad news contained within, all on track and significant progress has been made. On that basis, happy to hold.

In my opinion the results were all that we could expect. I have bought into CFU on their potential and at this stage its mostly spend spend spend, so a small cut in loss is a real bonus.
With most shares, just before the results are due,there is some buying activity, as peoples are hoping for some blinding news. Then they sell for a quick buck. In this case nothing to cheer up those types and so they have jumped ship.
Personally I woudnt be disheartened if there was a 5% to 10% drop before any more good news hits us.
I know that with some AIM stocks you have to get in and out quickly and at the right time too, but if you are in CFU my view is just keep an eye on them, but take the view that in another 12 months you will be doing very nicely

ditto

Oh Dear!!!! Should have sold at 52p. Now making a loss!!!! bugger!!

Just listened to the web cast on CFU site. SOunds like they are in negotiations with UK companies. Sounds promising but they say it just takes time to get the deal right as its a 3 way negotiation.
Simon

More good news from Germany today, another agreement with a boiler manufacturer and EWE, also whispers of the anticipated UK deal with Powergen.
Need to be in on this one.

Andy,
Where did you here about the Powergen rumour?
Simon

DAILY EXPRESS


Share Whisper:
*Rehashed gossip that Ceramic Fuel Cells (CFU.L) is close to sealing a deal with Powergen.

Now that would send the SP up alot.