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Yes I think the new rating is £3.20 and *buy*. ITM is a *sell*. I remember years ago when Glencore dropped to 75 pence and I sold 5,000 after reading in the financial press that it had 'junk bond status' 100% sell. Two years later it was £3. I think Ceres will pick up in 2024 and I don't want to lose about £15,000 by selling.
Anybody who isn't seriously concerned about the catastrophic drop in price since we joined the FTSE is either a paid ramper or mentally ill. On Monday I shall offload all my CWR because there's something going on here that small investors are not being told about. Just ignore all this ramping garbage they are as clueless as we are. Markets DON'T lie.
I remember holding Glencore when it was 80 pence. Sold my holdings. Same with Rolls Royce. Had I kept my nerve & held I would have tripled my money. Ive only got 9,000 CWR but I shan't sell. My advice..Come back in 6 months. GLAH.
I would imagine most people invested here would lose too much money to sell now. So it's wait and see for most. I would also imagine that IF the SP starts going up again quite a few people will sell so they don't get their fingers burnt again.
I've been holding CWR for years. Sold 1,000 @ £14 but kept the rest. (8,000). Hydrogen stocks were the new dot.com However, as reality has set in & political opportunism has replaced long-term strategy, they have fallen out of favour. I'm still fairly optimistic about Ceres. Now is definitely the wrong time to sell. 12 months from now we may have a change in political direction AND the JV will be inked. Remember that it will be a few years before CWR makes any money. But look at 'whatsapp' regularly loses 250 million a year but valued at $50 billion. Lets see what 2024 brings. GLAH. DYOR.
Well I for one don't see this as a 'fantastic buying opportunity'. The market is accurately pricing this share based on last weeks results. It only shot up a few years ago on the back of the JV being inked. Now we know it will be at least until 2024 with revenue streams being at least a few years down the line. Why take that risk when you can get 9% plus yields with Vodafone, Taylor Wimpey Legal & General etc ??
I don't see tomorrows results having much impact on the SP either. This time last week the SP was £3.80 so any negative news will already be factored in. Hopefully we'll be thrown a few bones to chew on to keep us keen til 2024. GLAH
I was stupid enough to trade Ceres on an almost weekly basis. Result? I've lost 20% plus of my original holdings. Same with a few other shares too Rolls Royce included. Had I sat back and done absolutely nothing I would have done much much better. Still you live & learn (hopefully).
The 'when will it be signed' scenario has already been explained by the company many times. Next year at the earliest. I've upped my stake in Ceres to about 9,000 because I believe it will come good eventually. Unfortunately since moving to the FTSE 250 we've seen even more volatility. Shorters were shorting this share a long time before we moved and will continue to especially when 28th September results are made public. IMO already leaked which explains the big drop since Wednesday last week