Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Room rates seem to be holding up well.
I just booked 12 leisure rooms for occupancy between July and October on Flex for an average of £91 including breakfast.
Flex offers payment on arrival and cancellation up to 1pm on arrival day.
All rooms were in the provinces - none in London or town/city centres.
The China deal is just one part of the bigger picture for Weichai, they will get to it when they need it and the growth slowdown in China is the probable reason for the extended delay.
Looking at other news from the group it does now seem that the Ceres bit of the equation will very likely go ahead in 2024. But from Weichai's point of view they won't start production until they have a need for the fuel cells, so its very obvious that the original timetable was shelved a while ago.
We still have a few weeks to go until the trading statement from Ocado Retail on the 16th January and these are the trading days that set the tone for the year ahead.
Hopefully the SP will have a positive run until the 16th, after that I predict that the update will give the SP here a very big boast.
I think we will see a record Christmas, M&S have certainly done exceptionally well with food, and a return to profit.
This will I think give the whole group a big boast and set a blue trend that will continue throughout 2024.
If Simon Roberts the chief executive of Sainsbury’s is correct customers are drifting back to main stream supermarkets from the discounters to exploit their superior range. It seems that they are also buying budget items and doing just one shop rather than visiting both a main stream supermarket and a discounter, therefore cutting out the discounter altogether.
This must bode well for M&S and Ocado Retail with their superior range.
Maybe we are seeing the restoration of the status quo.
https://www.msn.com/en-gb/money/other/sainsbury-s-is-back-the-heyday-of-the-discounters-is-over/ar-AA1lACO2?ocid=msedgntp&cvid=285870a7f2d24789b19754a5db3562c1&ei=37
If Simon Roberts the chief executive of Sainsbury’s is correct customers are drifting back to main stream supermarkets from the discounters to exploit their superior range. It seems that they are also buying budget items and doing just one shop rather than visiting both a main stream supermarket and a discounter, therefore cutting out the discounter altogether.
This must bode well for Ocado Retail and M&S with their superior range.
Maybe we are seeing the restoration of the status quo.
https://www.msn.com/en-gb/money/other/sainsbury-s-is-back-the-heyday-of-the-discounters-is-over/ar-AA1lACO2?ocid=msedgntp&cvid=285870a7f2d24789b19754a5db3562c1&ei=37
Yes, Happy Christmas everyone.
I am sure that this is just the beginning of the M&S resurgence with plenty to come in 2024 and beyond.
Not sure about carbon reduction though Neil, Cop28 achieved nothing and we now seem to be going backwards with the reform and technology.
Certainly good news - lets hope we see some effect.
It really frustrates me how these logarithms work to set share prices - clearly they take volume as well as the ratio of buys to sells into account - with ITX having so many shares in sticky hands the actual market is very small, hence the drop to try and create volume.
PhatStyle
The rise has nothing to do with Ceres.
Its all down to the macro - macro will determine SP until we get definite news from Ceres one way or the other..
If growth stocks/tech stocks go up, CWR will follow - also shorts likely to cash out, they won't want to fight a positive macro trend.
Yes, 2024 could be a good rebound year for growth stocks in general - its certainly being signalled by NASDAQ futures.
The rebounds here are certainly dependent on a rise in NASDAQ futures - its very noticeable with a stock that's just drifting with the market.
The only ammunition that Ceres have in the PR department is progress with licencing.
That has stalled, so the SP has also totally lost momentum.
From the Summer of 2020 until the Autumn of 2022 the SP was over 500p - clearly over brought.
Since last Autumn its the macro that has dictated the SP here, the Chinese economy has stalled, this is clearly slowing down capital investment - the joint venture is reliant on high capital investment.
So, nothing has really changed - I have been invested here for 10 years+ - its still a waiting game.
I think we are just seeing the algorithms working to find liquidity in ITX.
Don't forget they are set to create volume - markets only make money when stocks are traded.
Hopefully the trend will soon reverse as the volume created turns positive.
1863
Buffet is 100% right.
If you read the quote again -
"If you don’t feel comfortable owning a stock for 10 years, you shouldn’t own in for 10 minutes"
I guess Buffet would't have touched Sirius with a barge pole, even for 10 mins - although many of us did and hopefully learned a lesson.
Ceres on the other hand is still a work in progress and would certainly fit Buffets investment rules - I have no doubt that he would still consider it a strong hold.
The New Industrial Park where Weichai plan to develop its manufacturing unit to produce Ceres Fuel Cells is now at an advanced stage of development and its planned that it will be in production by the end of 2024.
https://en.weichaipower.com/media_center/news/202311/t20231130_98986.html
The yoyo movement isn't just OCDO related.
Overall it seems to be linked to NASDAQ futures - which are roaring away.
Other tech shares are showing similar volatility.
I hold CWR - a downward plunge looks like its dumped it out the 250 yesterday.
Today OCDO and CWR are riding high - a familiar pattern.
Compare the charts for the last three months-
https://www.lse.co.uk/ShareChart.html?sharechart=CWR&share=Ceres-Power
https://www.lse.co.uk/ShareChart.html?sharechart=OCDO&share=Ocado