Member Info for chilting

I think an agreed takeover is highly likely rather than going for another fund raise for the next phase of expansion.

The Directors are building their holdings and reputations and would probably stay with the business if it was brought by venture capitalists or became an independently run division of a large corporation.

It will be Ceres job to basically provide the nuts and bolts for the renewables industry - their fuel cells.

There is now real evidence that finally we are seeing movement forward away from carbon based fuels to renewables but the time scale is far from clear.

The real judgement on investing here is based on how quickly that transition happens, and some may say if it happens at all, but the imperative is that it must happen.

Yes a very solid achievement, ahead of market expectations and continuing the winning streak.

Also a very clear and concise RNS.

It should be a good day here.

Normally I would be perturbed with a fall of nearly 15% in one day, but after the recent recovery when the Delta deal was announced the bad news about the JV was well cushioned and the alternative option was well explained by Ceres.

My guess is the Weichai will also be pleased that they can now proceed with their plans and we will see good progress with them sooner rather than later. My understanding is that they have various projects on the go that will use Ceres tech when its available - read through their news feed over the last couple of years on their website.

The Delta deal showed just how responsive the SP is to income from licencing, this WILL be a feature in the years to come.

The SP does ridiculously undervalue CWR - it could be pushing the likes of WTB and AHT on the FTSE100 leader-board in 5-10 years time.

Discord between Bosch and Weichai doesn't seem to have been a factor in the failure to proceed with the JP.

In fact both companies are working closely together on other projects and have been for many years.

My guess is that the politics between China and the West was the stumbling block and regulatory approval from the Chinese Authorities wasn't going to be forthcoming.

Anyway the eventual end result will probably be the same for Ceres, the difference being that manufacturing will be split between China and Europe.

Pony

No, I don't think its an open question at all.

Both companies are in the same position to benefit from Ceres tech and will in any case continue their close ties.

Maybe the reason the JV didn't go ahead in its original form had more to do with politics than business and it became necessary to split production facilities between both companies in China and Europe .

Its obviously difficult to read what plans Weichei have for Ceres tech and what time frame they are contemplating.

But following their news flow, it seems to me that they are already using Ceres tech in their product development and it has become an integral part of their future plans.

I think, therefore, we could see some positive news quite soon and today's RNS also seems positive in this regard.

Pony

Both companies are making significant capital investments using Ceres tech for which they will be paying Ceres Licencing royalties.

They have also already invested in Ceres for a long period of time and would be throwing away the value of that investment if they sold now.

As shareholders, they will receive dividends in the future from Ceres that will cover part or maybe all of their licencing costs.

Both companies, as early investors in Ceres, are in an excellent position to benefit, so why would they sell?

Pony

Its blindingly obvious that they will remain partners.

The only real difference is that Ceres will be dealing with both firms separately in their own markets - China and Germany.

This means more delay but long term goals are still very much in place, and have become much clearer with todays news.

Bottom line is that Ceres have the tech - Bosch, Weichai, Delta, Shell and other want it - licencing = profit straight to the bottom line as we have seen with Delta.

So it seems Bosch and Weichai couldn't agree terms to take the JV forward.

it seems that Weichai still want to proceed, so the joint venture becomes a partnership, hopefully on the same scale in the same factory location.

Bosch will probably be a customer in China and the Ceres Bosch partnership will also continue in some form?

The next trading update is likely in late April, but not certain - the financial calendar varies a lot from year to year.

Taking things one step at a time, the SP has to recover to around 290p to get automatic entry back into the FTSE250.

In these uncertain times it may be optimistic to think that this could be achieved in the March review but its a certain possibility in June.

Duel listings for UK Tech companies in the London and in the US on NASDAQ don't seem to bring much benefit.

UK tech shares already actively respond to the NASDAQ anyway.

Currently with NASDAQ futures moving ahead strongly its all green lights.

Savvy

There has and always will be a great opportunity for capital gain due to impatience of others.

The shorts realise this on the downside, now we get our chance on the upside.

More often than not the best decision when investing is simply to hold and wait for an opportunity to top slice when the SP goes overbought.

This has worked very well up to now with Ceres since 12p days, but from now on I hold for a very big multi bag.

I guess the shorts will also be buyers - trying to hedge their losses.

Sentiment can change in a heartbeat - great isn't it!

AJP

That's no surprise, I have excellent confidence in Itaconix but zero confidence in AIM and share trading on AIM.

There doesn't seem to be any real transparency on how these retched algorithms work.

It seems to me that ITX is penalised for low volume by the algorithms, but with so few shares actually available to trade low volume is inevitable.

Gioviano

We can only guess were the SP is going, so a more relaxed way of investing is required here and with most growth shares.

I simply hold for an extended period - just paper losses - then top slice when the SP goes into overbought territory.

Its been a while since I top sliced here and may be a while yet, but I live in hope.

Savvy

China is already doing a lot with green energy - its not just talk like it is in the UK and US.

Can anyone can remember just how polluted Beijing was just before they hosted the Olympics in 2008 and the drastic measures they had to adopt ? Things are very different now, Beijing still suffers moderate pollution but it has dropped to 485 in the league of 500 most polluted Cities.

One thing the Chinese have done is to switch to cheap electric motor bikes in - most are electric in Beijing now.

https://www.alibaba.com/product-detail/Best-selling-commuting-electric-motorcycle-affordable_1600689424010.html?spm=a2700.pc_countrysearch.main07.7.2fcf574fV51ren

The macro is all over the place at the moment.

Since the new year we have had - fantastic results from the likes of M&S, Tesco and the discounters.

Higher inflation than expected - fuelling expectations that interest rates will stay high.

Contradictory retail sales figures - lower than expected sales fuelling expectations of interest rate cuts.

The net result is that share prices have tanked on sentiment - all VERY frustrating!