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"ATOME now has three industrial scale green ammonia and fertiliser projects in development in Central and South America"

I must have missed something. 3? There's Paraguay & Costa Rica. Where is the third?

Where did you heart that? There's been no RNS.

Even if he is going it may nt mean the deal is done, just that he and the rest of the board have different views on the deal.

Hi Stewart - look at at my last 2 posts. it's down because inflation and interest rates are high and this is seen as a bond proxy. Also NAV is around 125, so it's trading at a huge discount.

Fundamentals say it should be higher. We have to just wait it out and sit back and take the dividend (which if reinvested means a good purchase price.)

No complaints, but does anyone know if there is a reason for it.

Fog, "nice analogy but some stocks have a funny habit of retracing back/moving up to key historical levels...They are after all, for the most part, bought and sold by algos." - You're quite right. I was being a bit provocative, though I do believe in the long term, you have to look at fundamentals and where the business is headed. Short term there is a lot of following the trend. And as more and more people use TA so it self fulfils.

Anyone know anything about them? Hornby has just been made an NED on their board. Are there good synergies here>

We've had low interest rates for such a long time that I got caught out when inflation and interest rates began to rise. as they go up, bond yields go up, so bond prices go down. I knew that. But Bond Proxies also go down. These are equity investments seen equivalent to bonds. This is very much a bond proxy, so whatever the fundamentals say, it will still go up and down in synch with bonds.

If D S Smith shareholders are given share in Mondi, that's a take over. If shareholders of each get shares in a new entity , that's a merger.

"Someone is going to jump in" Absolute pipe dream! Bosch & Weichai each own nearly 20% of Ceres. The only people likely to make a take over bid is one of those 2; and the other one would not let them. They both want to have influence on the direction Ceres take. it is probably the least likely take over target on the LSE.

Published NAV at 31/12/23 = 127.7. I doubt it's gone down much since then. Share price 101. Ridiculously large discount.

Correct the share price was higher in late December than it finished today. And there has been no company specific news to change its valuation.

If Mondi do bid it will be an all share offer, so not £, but Mondi shares,. So if a deal is sorted and looks OK, but then the Mondi share price goes down, so does what we eventually get.

Hopefully the board are good negotiators. I wouldn't want anything below 350, and would really hope for something above 400, but I don't know eve4rything the board knows, so I'll have to trust their judgement!

If nothing else it livens things up for the next few days.

If you have ever stopped and asked anyone for directions to where you want to be, has the person you stopped said they can't tell you unless you tell them which way you've come? We are where we are. Chartists can only look at where we've come from. Over the long term where a share price goes depends on the fundamentals of the business.

Currently the major areas from which future revenue will come are Germany, Korea, China, Taiwan, so how will a small adjustment in UK policy affect business?

Unveiling a commercially viable fuel cell driven fork lift truck. Anyone know if Ceres are involved.

https://www.hydrogenfuelnews.com/hydrogen-forklift-doosan-bobcat/8562812/?awt_a=1jpsU&awt_l=JpjOy&awt_m=ghUWPwJhMO5DlsU

"The sp is down 63% over 2 years, down 88% over 3 years and down 80.73% over all time."

I just tried to check this by checking the IPO price. Chat GBT tells me it was 10p. There was a 10 for 1 consolidation since then, so that would be equivalent 100. So to say it's down 80.73% over all time is completely wrong. I accept a 72% gain over 20 years isn't great. It's equivalent to 2.75% per annum compounding. Maybe that's fair.

Down 88% over 3 years just suggests to me that the share price got way ahead of itself 3 years ago.

A nice quote from Philip Fisher (successful American Investor & Author) is "The Stock Market is filled with individuals who know the price of everything and the value of nothing."

I think Ceres' price movements are a good illustration of that.

Yes, most of what they propose is sensible, delivering it is what counts. I didn't see (only skipped through it) of their continued move to move Argos stores inside Supermarkets. I think that's a great strategy - they can keep the turnover whilst reducing overheads, Maybe they've done as much as is practical there.

I think the market's reaction is a buying opportunity.

Reading this board it seems everyone panics or rejoices about short term share price movements. With a business like this, where the profits are in the future (but no one really knows how far in the future and how quickly profits will grow) short term share price movement has no relation to the success of the business. It's really impossible to say what the share price should be on fundamentals, because the value is in future income.

Ceres have been building and developing their technology for over 30 years. They have been improving and diversifying their technology, they have been trialling different applications, they have been building up relationships with potential long term customers. And Bosch, Weichai, Doosan, Shell, are impressive collaborators. These relationships are being built for long term commercial success. Daily share price movements are irrelevant to and not driven by the success of the business.

Unless you are a short term trader, you should be investing here for the long term story; and nothing in about 15 years I've had an eye on them has changed. The potential is enormous. They have made considerable strides to make the potential achievable. And if you're a long term investor, daily share price movements should not phase you like they seem to. It can be an opportunity to increase your holdings. Certainly because the share price goes up or down you shouldn't be losing faith with the board of Directors. Their goals are long term. And the most recent news we got from them was positive.

Noggers: "trouble is they seem to go down quicker than when they go up"

Old Investing Proverb:

"Stocks take the stairs up and the elevator down"

"If there was “something good coming up”, I think they’d buy more than this."

Actually if the directors knew there was something good coming up they would not be allowed to buy more. It's what's known as insider dealing.

Yes the numbers are good, but as you say it's now trading at a huge premium. So it was ready for a rebalancing. Action is going brilliantly, and I'm not knocking iii's holding in it, but if iii is an investment trust investing in unlisted businesses, I think action, at 64% of the portfolio is getting too out of proportion.