Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I sold the last of my shares yesterday on the very disappointing bounce. I held over 20,000 at one point but have been slowly selling since they dropped from the 200p level.
I don’t wish to be one of those previous holders who come onto this board to disrupt and decamp or maybe ramp up dependent on how malicious I may be feeling, so although I will view the posts here from time to time I won’t be making comments or giving opinion other than to say hello and wish you all good luck.
My reinvested Ceres proceeds have grown by over 100% since I started selling, so don’t feel sorry for me :-)
Opened at 143.80 closed at 138.80, it looks like the pain continues.
I had been monitoring my salesman very closely for over a year and although he occasionally had a sales spike his overall performance revealed a slow decline. His end of year review included a report and forecast to be submitted, this was received and a decision made that should probably have been made six months previously. It’s a parable as I said in my earlier post.
I received a similar report a few years back from a brilliant salesman who sadly had gone off the rails. His report just recycled past achievements with nothing about current success but lots of promises for later in the year with no supporting evidence to back this up. I had to let him go or my own position would have been compromised.
Please draw your own conclusions from this parable.
Good luck all
Reported today
RNS: CWR is to be re-listed on the London Stock Exchange and will now carry the epic YoYo
Status Quo?
I thought I could hear a band playing this morning, it was just after the Ceres ship hit an iceberg.
At 125p, will buy back at 100p. Will rest the proceeds in crypto or AI whilst Waiting for 100p.
Could happen today
Unplugged,
I didn't realise anyone took any notice of me :-) I'm still holding my 20,000 + shares unfortunately their paper value isn't anywhere near what I paid for them.
My portfolio is quite varied and although I don't like the situation with ceres I have made big gains elsewhere that soften the blow including a very nice bit of Nvidia that I paid less than $100 each for (nudging $900 today)
There are a number of posters on here that like me think that their posts jinx the SP. So if I say we are all doomed and this is going to tank below 100P we should all be able to sleep soundly tonight.
Genuinely good luck to all here, I'm very sorry for everyone that this isn't going the way we want. We normally say "do your own research", but perhaps I should say "Make your own decision" and no regrets.
Interactive investor report
https://www.proactiveinvestors.co.uk/companies/news/1041471/ubs-sees-upside-at-ceres-power-itm-power-1041471.html
UBS has initiated coverage on a trio of hydrogen specialist companies, London-listed pair Ceres Power and ITM Power and Norway's Nel.
Ceres Power was started off with a 'buy' rating, praising its high-margin licensing business model within the solid oxide fuel cells (SOFC) and electrolysers (SOEC) sector.
The firm's credibility, which had been shaken by partnership delays in 2023, received a significant boost with Delta Electronics' £43 million licence acquisition on January 18, 2024, propelling shares up by 38%.
Support appears to have failed, next stop 150 then lower later this week. Not selling, holding
The professional analysts and brokers are as confused and disparate as the opinions of all of us here. Target prices range from 166 to 800 or thereabouts.
The truth is, that nobody really knows where this is going. CERES. Is far less than 5% of my portfolio, so I just let it ride awaiting 500p or more
Here we go back down below 200p. Very disappointing
Nice to have a day where the SP goes up over 35%, my portfolio looks a little healthier now. However the SP is still down over 40% of what it was in May 2023 when Ceres was trading around 353p.
It's a good start but there's still a long way to go before most of the folk on here who have held for over 2 years will start to be in the blue.
It will take at least 2 more similar announcements to get CERES back on track. We all love an underdog that's why we have such blind faith at times, I reckon this will come good, but it's testing my nerve at times :-)
Can’t remember another £5 million uncrossing trade in recent times, surely this one is significant? Normally it’s 2 or 3 hundred thousand………
Something big is happening, no doubt it won’t be to our immediate advantage
A big short sell? Stand by for the SP to drop on Monday if it's a £5 million sell and not a purchase !
Date Time Trade price Volume Buy/Sell Bid Ask Value
15-Dec-23 16:35:13 182.00 2,765,541 Sell* 182.00 183.90 5m
I always admire your optimism Savvy.
Unfortunately my average is roughly £4, so I need the shares to rise by around 140% to break even, double won't do anything to soothe my brow. I last bought in May when I sold 6.5k of SMT shares that I thought were going nowhere. The SMT shares would be worth £7.5k now (13.5% up) whilst the Ceres are worth £3.236k (50.18% down).
I don't hold anywhere near the number that you and others do, but 13,000 shares showing a £29,000.00 loss is hard to bear and seeing the SP drop from around 350 to low 200's when the previous JV RNS came through gives me a sort of bad Deja vu that the SP will drop well below 150 before it gets better after the most recent RNS.
Gritting my teeth for the January update....
All that said, I'm holding as I can't see any other shares I can invest in that might recoup my losses
Good luck all
Sub 160p
No reason to expect more at this stage, it’s going to be a long wait before this comes good, but I’m sure it will.
1863,
I'm not getting that sinking feeling this week. The SP seems to have stabilised albeit at a level I'm not pleased with. CWR is in the "Hold until it comes good" part of my portfolio now. It used to be in my "hoping for a quick profit" section, but that never happened ;-)
GLA
Noggers,
I do the same as you when buying and selling, it gives a bit of discipline to what could be a haphazard process. If buying or selling live you just get 15 seconds to do the deal or not. Limit orders are much friendlier and can be cancelled if you think things are going the wrong way or something more interesting appears.
GLA
My trading platform allows you to set a range for a stop loss. You just set a trigger price and a minimum price you will accept.
For example you could set the trigger at 180 and the minimum at 170. The stop loss will only operate within that range which allows a bounce back on a bad news day that you mention.
I think this is a common feature, AJ Bell and HL both do it.
Good luck all, I’m holding not selling