Valuation27 May 2020 13:29
I'm completely signed up to Ceres being a great company, with great tech, but is the current valuation not a little high? The investment from Bosch and Weichai at 320 p per share is a good backstop, but a market cap of over 800 million for a company with 6 month revenues of 11 million (up from 8 million the year before). There is a lot that has to go right for this to be justified isn't there? To reiterate, I really like the company and have owned shares before. I would be interested to hear your thoughts and opinions...