ukrazy, page-10

My pessimism about CFU in the short - medium term is mainly market-related rather than specific to CFU.

Even when CFU is getting units in water heaters, the retail conditions don't look good, and people are going to delay replacing their boilers as long as thay can in a recession. There won't be as many new builds either.

As I said previously, I still think that CFU will eventually come good, but there are short term downside risks and the upside potential still seems a couple of years away.

For the sake of the current holders, I hope I'm wrong.