Member Info for Boyobach

Staying above the green line in this 15’ trading view (not to be confused with the green in my earlier post) would be one essential prerequisite for detecting signs of a bottom today. Subsequently breaking above the orange and red trends would then provide a more significant indication:
https://invst.ly/z93mg

the Business, Energy and Industrial Strategy Secretary, Jacob Rees-Mogg, told the Commons that hydrogen was a "silver bullet"......
BUT this study contradicts Rees-Mogg over hydrogen for heating:
https://www.bbc.co.uk/news/science-environment-63050910

Whilst I have been anticipating that some support would be found around 300p (290 to be more precise), it is lingering around 320 sufficiently to suggest a potential bottom:
https://invst.ly/z8-q2
320 has some history - here’s a wider view for context:
https://invst.ly/z8-rz

I assume the contracts reference is to this, from July's Trading and JV Update:·
Revenue and other operating income for the six months to 30 June 2022 is expected to be approximately £10 million (H1 2021: £17.4m), with the timing of completion of the China JV contracts with Bosch and Weichai and associated licence fees expected to fall in the second half of 2022

Possibly, Longpositions- although his first tranches would've cost over three times as much.
Anyway - it's good to see some confidence from the Board.
I'm holding as it's too late to sell and too soon to buy (IMV). Best of luck!
PS: the article I posted yesterday was a mixed bag - not all negative. I think the lowest Analyst target was £6 - so upside on today even from the gloomiest one.

Fair points, surprised - and I generally agree with your comments in the context of the wider market. However, news like the following (and there’s been a lot over recent weeks) is company specific:
https://simplywall.st/stocks/gb/capital-goods/aim-cwr/ceres-power-holdings-shares/news/analysts-just-slashed-their-ceres-power-holdings-plc-loncwr

CWR’s technology hasn’t ignited the project developments and results that investors like me anticipated in 2020 and it is also struggling against a background of general tech despondency, a plunge in the overall market and increased borrowing costs. Its underlying performance over two years hasn’t been great which leads me to think that the ‘quick to fall - slow to recover’ sp pattern (progressively dropping to lower highs) is likely to continue. The ‘double down’ investor approach is invariably a gamble and there are more prudent ways of playing the market. CWR broadly halved in price - from 1060 at the time of the fundraise to around 530 for much of this year and now we are seeing a potentially similar scale of drop in progress. Until September I managed to keep my losses to a minimum but the recent fall means that I must either start the process all over again or maybe get out if I conclude that CWR is a dead duck. I’d welcome some genuinely encouraging and business-based news rather than vague cheerleading about green hydrogen being the future - it may well be but whether CWR survives to be part of it is another matter.

If the sp is genuinely going to rally at some point then missing the absolute bottom isn’t going to be a big deal - better IMV to see some firm evidence of a sustained turn around and to ride the wave back up . Some will hope 290 is the floor and that it won’t be tested, for others it may be the last straw and signal bail out time. We can but watch, anticipate and react.

Yes, LongPositions, he appears to have acquired the first tranches at the time of the fundraise, about £10.60/share (the "Placing Price"). The slightly awkward thing about that is the unavoidable conclusion that CWR has failed to perform as well as those professionals and PI’s who participated had presumably expected. Having lost about 50% by February this year and a further 20% since then it’s hard to argue that things are going to plan - so why should we have reason to believe his judgement and apparent optimism are justified now? CWR needs to produce some results in terms of projects, revenue and application of their technology - they’ve been pursuing this for a long time now.
Averaging down is, in my estimation, a death trap because shares already acquired remain in loss despite the rosyier impression that an average price creates. The strategy particularly attracts those who believe that the sp must someday recover - blind faith, in other words. I 'll only buy more shares in CWR if there is a realistic prospect of trading them to mitigate losses - but that doesn’t seem likely whilst the price continues to slip. Meanwhile, bearing in mind that he can’t trade like a PI might, Mr Glock seems destined to be a very long way short of break-even until the company starts to deliver meaningful results.

It’s pretty grim, reptile. I wouldn’t trust the green line at the bottom of the chart as a firm base line indicator. As the price approaches the 290 support it may well accelerate downwards to meet it, slipping below the falling red trend line. Here’s a closer look (daily ticks) with ITM and the Nasdaq CELS index added for comparison: https://invst.ly/z6cmh It’s fairly clear that KamiKwasi and MissTrust have knocked the UK companies in relation to the index. An optimist will be eyeing the gap up to 450 as a first recovery target.

So?
Peanuts.... a bit further to sink I'd say: https://invst.ly/z61ua
CWR may have missed its window of opportunity - what's on the horizon to revive it?

Cheers Barrie.
TBH I haven't had much to say, which is a reflection that Shel has been fairly consistent of late.
Further to recent comments here about Shel in comparison to XOM and CVX, here’s a comparison chart of the three companies and Brent rebased to the start of this year to add some context:
https://invst.ly/z5dpv
There’s not much to choose between CVX and Shel this year but bear in mind that CVX never cut the dividend and has been ahead since Shel did so. XOM has likewise never cut the divi, has been rather more volatile during this year but consistently ahead of the other two from May onwards.
CVX has been the best overall since the beginning of 2019 but XOM is certainly catching back up, leaving Shel (and BP, which is not shown here) lagging behind their US cousins as a consequence of the divi cut:
https://invst.ly/z5dz4

The last surviving upward trend for CWR died a fortnight ago.
https://invst.ly/z4xop .
Can it go lower? Yes - as is true with all shares above zero.
Stories like this are not encouraging:
https://www.reuters.com/breakingviews/green-hydrogen-revolution-risks-dying-thirst-2022-10-05/

I agree Neversell. The last two years have given me plenty of reasons to be cheerful with Shel: https://invst.ly/z4x6i
I don't need to, but I might well add if the market is stupid enough to drop Shel back to a bargain level indicated by the trends in the charts.
It’s always swings and roundabouts with oil cos: a couple of years ago XOM was performing really badly (too much debt as I recall and potentially/actually borrowing to maintain dividends). There was an OP war between OPEC and US Shale immediately followed by covid. Looking back over the last six years CVX stands out - here are
Shel, XOM and CVX rebased in comparison: https://invst.ly/z4wew .
CVX is, for me, the ‘gold standard’ benchmark and represents, on this chart, where Shel would be today if it had not cut its dividend (price lines indicate Shel sp). I’ve not been a fan of the company’s policy in respect of share buybacks and divi - it’s the latter that continues to hold the sp back imv.
After 2 quarters of stellar results it’s not too surprising to see a drop back for Q3. It’s obvious that O&G will remain in tight supply but I believe Shel isn’t best placed to supply all of the gas hubs most affected by reduction in supply from Russia. Over the FY I’d expect the gas business to perform well and it’s perhaps good, given the current climate, that these results are presented and expressed in muted tones along with other recent announcements like the £50 million support package from Shell Energy to help its customers facing financial hardship along with significant gas infrastructure projects.

Hi char.
Having pocketed my target profit in Shell since it collapsed to below a tenner, I’m much less exposed than previously and relaxed about most day to day movements, including today’s drop back. I'd have stayed more invested if they'd restored the divi and voted with my feet - especially as share buybacks only distribute cash to those shareholders who sell whilst the price is maintained. I've seen Pokerchips' posts elsewhere, so I'm pretty sure he's still active. ATB

When things get dangerous, the vulnerable - like OCDO - are most at risk.

Bo-Jo actually performed better for the country during the summer months by doing nothing than Liz - who only overtook second placed Penny M by picking up less than half of the fourth runner’s votes when she was eliminated from the parliamentary election process. It wasn’t exactly a ringing endorsement - she clearly hadn’t even been ‘second best’ for most Tory MP’s and, along with Rees Mogg’s support, it was a fair indication that it was a bad choice to leave to the party faithful..

OCDO managed (just) to finish level on the day: here’s a 15’ trading view up to close of play:
https://invst.ly/z389m The tech side would be cheap to acquire now wouldn’t it?

4% may not seem so great soon, Seav.
Let's face it, if Shel drops another 2 quid ( I sold a big chunk at around 2330) then it makes the divi look like peanuts if I re-acquire..
I wonder what the consensus here is regarding KamiKwasi's non-budget?
On a wider note, this guy's comment on OP is interesting:
https://twitter.com/kingofcrude/status/1573605192049623042?s=20&t=lRJqaRjg0IkBO3f1XVF8fQ

Shel is running rather hot relative to OP:
https://invst.ly/z1bfo
And the yield is getting less attractive .
Will they improve the divi policy? Clearly there are reasons to continue holding as Q3 results approach.
I'm currently at my lowest planned level of holding but I don't rule out temporarily off-loading completely in the current market. My top-up target price, based on the chart but subject to changes in trends, is in the 1900-2000 range

Hi Clued
I use ii for trading but Investing.com for data and charts.
ii completely changed their website four or five years ago at which point I found their Morningstar chart prices were no longer live - closing prices were for previous day, I seem to recall - making charts hopeless. Many people left the chat system too, as it became very clunky to use, some migrating here despite all the ads.
ii obviously don't think it's cost-effective to provide a better service.

The four year gap fill to around 555, has been in prospect since OCDO dropped to 700 back in May:
https://invst.ly/z1569
It's good to see it resolved, with a more positive gap up to 753 to be filled when the market recovers:
https://invst.ly/z157y

..... 'I think it will be a outsider or a external person!....

I'm not sure what the difference between an outsider or an external person is but the article doesn't mention any in the shortlist. Plus Shel's track record has been insiders hasn't it? Whatever happens, it isn't the sort of outfit to take chances - always measured steps, even with the BG acquisition. The article places Wael Sawan as likely successor.

I agree with Robina.
I've done ok with Shel trades over the last couple of years but it's not as easy as it might appear from looking back at the chart. One characteristic is the fact that prices may peak at the top of a trend and/or at a a resistance level but those are the very points where a step up to the next level could occur. The reverse of this applies when the price falls to a support level - a tempting 'buy' point but there's no guarantee that the fall won't continue. If you trade then you always have to be prepared to take a loss if the wind turns against you. If it was easy then I'd be too busy living the high life to be posting here.