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Thanks hy.
Bosch and Weichai have both invested heavily in ceres and the technology so I would expect some positive outcomes.
Unplugged01
Yes you are right there.
50 million they lost last year, and at the moment they really only have 1 customer delta.
Posters on here see this rising and think it will keep on rising, how many times have we seen a decent rise only for it to fall back to even a lower price.
I read everything ceres said about itself yesterday and they sound very good, but until they get more contacts I can see this drifting even lower.
Like yourself I am down too much to bail out, and even if you do what can you buy in today's market.
Noggers.
I was right yesterday well at least for half the day seeing the SP up a little.
Unfortunately you can invest in dividend paying shares at this price so it makes sense to avoid future shares based on Phil's promises which have been long and extensive resulting in nothing to date. The value is still money in the bank and company value is actually zero. Anybody could create a company with 150 million in the bank, bottling fresh air and it would probably reflect an SP similar to Ceres on the AIM. The main market will be expecting more and to date it is not forth coming we shall see this year into 2025 if this is really going to make it. Personally i am into deep so will just sit it out in hope for an SP of 300p. Many others on here have lost there money already but cannot see it .
Well the RNS and the earnings call from yesterday, which the board were were very bullish about ceres for this year has done absolutely nothing for the share price, in fact it is lower now than before, it seems no matter what the board says about ceres, and brokers can put buy recommendations in, the markets don't seem to like it.
It looks like until they can get some more contacts this share price will either stay the same or drift even lower.
Berenberg cuts Ceres Power price target to 650 (800) pence - 'buy'
-Goldman Sachs cuts Ceres Power price target to 230 (270) pence - 'buy'
2 buy ratings from brokers today, but both have cut the target price, 1 650 and the other 230.
Good find Alpha, but I think this is PEM tech.
But to this point, I'm still confused about the following point within the last trading update:
"We were not able to conclude the planned China JV in 2023. Whilst we continue to maintain
strong relationships with both Bosch and Weichai it is now our belief that the proposed JV
is unlikely to be completed in its current form."
--> why the addition "...in its current form", why not only "...unlikely to be completed"?
Weichai will take a system license, this means they won't produce cells/stacks by themselves. They need to be provided by somebody else. And here I believe comes Bosch "back" into play (final result 21:10 & 42:20min). He says that they "will progress with our PARTNERS in a different way". Could mean no JV but Bosch could produce cells/stacks in China and sells those to Weichai. And that Weichai will have something to say this year. Hopefully something positive ;)
Https://news.cgtn.com/news/2024-04-15/Scholz-hails-Germany-China-hydrogen-technology-cooperation-1sOUBmv7M4g/p.html
No mention directly here of ceres power but Bosch, fuel cell and Chiba clearly includes Ceres. Just mood music but who knows when the Weichai Bosch and Ceres triangle will reconnect.
Noggers. You wish you had sold this morning.
Translates Once it gets there again you will be out.
I think you will still be here.
You must be Actually tired of your negativety infact exhausted is a better word.
Think positive its good for your health.
Berenberg stays at 'buy' on CeresPower, target price kept at 800p
Nice day trade on this mornings drop. Didn’t expect a red finish though so might be another trade.
Just dipping in and out here for now. Will look at long term at some point.
Ijr1
What year will it happen.
Dream world no, but looks like we might have to wait longer than tomorrow for the 150’s, but it will happen. Glah and dyor
Opened at 143.80 closed at 138.80, it looks like the pain continues.
Ijr1
You are living in a dream world.
Bye bye 130s. 140s today. 150s tomorrow. The Delta deal is bigger than the share price suggests. Glah and dyor
Sentiment is also very strong on this board and many others, which is enormously satisfying. Well done all.
Jolly good numbers too-what!
Short’s losing their shirts in the next quarter.
Hers to a strong 2024:
https://www.sharecast.com/news/small-caps-news/ceres-power-says-its-on-track-for-a-strong-2024--16596529.html
During the webcast it was mentioned its expected Ceres will sign more contracts in 2024. Shorts will not want to chance this . Ceres have cash and news could come anytime. These could easily be over 500p in 2024
Noggers, if you truly believe all the negative statements you're posting, then EyeQ is right - you wished you'd sold this morning and the price is now back there. Quick...sell!!
Maybe the shorters will think enough is enough.
Noggers, have you sold now that the price is back where it was this morning?!
All very interesting. The thing is, I need the sp to rise three fold just to get my money back. Only 300% E&OE.
One question from the floor was is the Delta deal comparable to the China deal and if so does the market recognise this.
The answer is was yes the Delta deal is massive and comparable to the China deal in size and has not been factored in to the share price, also the China and Asia market is still active and is a another massive market they are actively involved in
Here, here comeonvog!
Absolutely fabulous statement from CWR, and true based on Delta deal.
What appeals to me about CWR is no debt, and a huge war chest in bank/investments.
SP will come in time.