Member Info for chilting

Aquaesulis
Interesting comment re Ballard and Weichai and their joint venture.

Ceres said this in final results RNS on March 17th 2021
"Once the trial completes, we hope to announce the establishment of a joint venture fuel cell manufacturing company in Shandong Province, China, in mid-2021 to produce SteelCell® SOFC systems. As previously disclosed, the joint venture is intended to provide a staged path to high-volume manufacturing potentially for buses, commercial vehicles and other applications in China."

It could be that Weichai are back tracking on hydrogen fuel cells but I think that is unlikely - they can see the benefits beyond EV's.

So maybe Weichai are considering their options - could it be that they favour Ceres technology instead of Ballard's technology???

Its a no brainer for all shareholders, no matter what their holding is - simply buying on the dips.

From the comments here, most long term holders have been taking advantage of general market conditions and topping up.

It also underlines what an excellent investment OCDO is for all shareholders, big and small!!

The strong momentum that started back at the end of October 2020 to push Brent over $70 and beyond is still very much in play, it may not have quite made it yesterday, but its only a matter of time.

Another of Ocado's big shareholders Nick Roditi has increased his stake in Ocado Group.

https://www.londonstockexchange.com/news-article/OCDO/holding-s-in-company/14974722

As I said yesterday, just before the results where published -

"Enquest update day is all about excited anticipation ending in shattering frustration."

Says it all.

EIA 15.30

10p mid 2015 looks great to me - the new management team look like there on the ball.

Black Rock are clearly active and having some success in holding the SP back, but if the market recovers there are good indications that the SP will break through 160p but I am not expecting 200p any time soon - we need to see a mini-boom in trading before the SP takes off towards 200p - maybe by Christmas???

bendis
The main thing is that TRX has the potential to perform well, we don't know the timeframe - that validates the investment.

Tony
I think its important to have a wide range of investments from FTSE100 companies to AIM minnows.

Tony
Over on the ITX board we had the same conversation after the SP took off and the general consensus was I guess 50:50 for and against top slicing. I sold 20% of my holding in ITX to totally repay my investment and have just profit left in.

I came to the conclusion that it was worth buying more shares to accommodate the top slice without eating into the investment to much - you can always invest elsewhere, in fact my TRX investment has come from ITX.

I did loose money with SXX and a lot of investors over committed there - this taught me not to put too many eggs in one basket.

The sooner the SP tops 2000 the better - anything below 2000 makes me nervous.
Then hopefully a big push from a contract win will propel the SP back over 2500.

Simple questions -
How can Magnus perform so badly and the production remain within guidance?
Has the guidance been reduced to accommodate failure?

And yes, I am still investing here.

Market is indifferent on very low volume.

This is probably the most important bit along with production at 46k - otherwise as expected with Magnus not exiting and Kraken and Malaysia ok.

"Refinancing of the senior credit facility as part of the proposed Golden Eagle acquisition is on track"

"I can’t see what will not be to like tomorrow...."

If I had a pound for every time I heard that before an Enquest update, it would make investing in Enquest profitable.

Enquest update day is all about excited anticipation ending in shattering frustration.

Good luck all - we will probably need it.

Its very interesting to note that if you do the search on Google - Autostore.
The first result is an ad from Ocado featuring this content -

https://www.ocadogroup.com/response-infringement-autostore-rights

Yes, its important to have a strategy with these type of growth investments - you need enough shares to top slice your initial investment out, but not too many or it ties up too much of your portfolio or risks a big loss if something goes wrong.

Kraken
At no time since I have been holding Enquest shares - over 5 years now - have I ever been able to sit back and relax in anticipation of results day - anything can happen!

The "pipeline effect" won't show in the API or EIA numbers until next week.