yea, can't argue with that...it's generally a 'no-go' area for me too... I've seen the movie at good technology operations like CFU and IEH and many others. It doesn't end well, as a rule. In part, because working with global OEMs is so fraught with uncertainty. Got to say that the progress these guys have made does make them worth the bet, in my view. The robustness of the steel cell to redux cycles (sudden loss of gas pressure) is really important and I don't think similar technologies can match it. It makes a huge difference and its why this technology works in earthquake zones for static power applications (home/small businesses, right up to, in theory, huge data centres). But also automotive, where it can be used for range extenders and other stuff...I think they can go all the way, but i accept it ain't for the child trust fund...
Thanks Cadbury. The reason I sold out of Ceres the first time was it seems to take soooooo long to bring these new technologies to market and hence to make a profit. And of course until there is a regular revenue stream the market treats these companies as high risk and values them poorly.
best guess is a small rump of stock that some institution wanted to get rid of has been placed with others. I think it's bullish. it was clear post the placing at 8.75p that someone hadn't participated and was selling down. the stock drifted lower despite good newsflow....perhaps this means the seller is finally out of the way. fundamentals here look really solid to me (well, as solid as a loss-making british alternative fuel-cell designer can look..)...
After being out of this share for a while, I chose today to tip a small toe back in (just 40K shares) but I am intrigued now by the trades towards the end of the day. There are quite a few 500K share trades (and more if you add in that a couple more times two separate odd number trades conveniently add up 500K). On LSE they are all SELLS but the trade price is shown as 6.9 which is above the prevailing share price before the trades so they could be buys. Anyone any idea what is going on? or just care to speculate?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.