Small caps round-up: CSF Group, Wessex Exploration, Ceramic Fuel Cells

Data centre firm CSF Group dropped 12% in morning trading on Tuesday after it reported delays to a project in Malaysia would put a break on revenues this year. The firm said expansion plans for its CX6 data centre would mean increased development and maintenance revenue. However, it would also result in delays in this revenue to the next financial year and beyond. The company said it "no longer expects to recognise any development revenue from CX6 in the current financial year as the revised proposal is being reviewed by the customer".

By MoneyWeek

published 2 October 2012

in Features

Wessex Exploration posted a loss before taxation of £1.64m in the year to the end of June. This compared to the £1.34m loss it reported the year before. Its loss per share stood at 0.26p, an improvement on the 0.35p the previous year. The firm's current focus is its Zaedyus oil discovery in the French territory of Guyane, with results from an appraisal well due towards the end of the year.

Ceramic Fuel Cells, whose technology converts natural gas into electricity and heating, has secured a long term project for its powder plant in the United Kingdom. The deal with an unnamed multinational ceramics and chemicals company will see the plant used to develop high quality ceramic powder products. The plant equipment and staff will be allocated to the project on a full time basis. To cover the operating costs of the plant and related staff, Ceramic Fuel Cells will receive a fee of £450,000 for the 12 month project.