Member Info for MrVic

Https://polaris.brighterir.com/public/ceres_power/news/rns/story/xp10e3x

"At its interims on 27 September 2024, the Company guided to full year revenues in the range of £50-60 million. This guidance range was refined to £55-60 million with a gross margin of 78-80% when the Company reported its trading update for the year to 31 December 2024 on 29 January 2025.

As we finalise the audit, there is some uncertainty over whether a single £5 million contracted milestone payment should be recognised in 2024 or whether it is more appropriate to recognise it in 2025. This recognition date does not impact the total revenue recognised under the contract or the cash position of the company. To remove any uncertainty, and whilst the Company is working to clarify the correct accounting treatment under IFRS 15, Ceres is reverting to the original revenue guidance of £50-60 million and confirms that its gross margin will be over 75% for the year.

The management team will be hosting a live webcast for analysts and investors on 21 March 2025 at 09.30 GMT."

I know you're exaggerating for dramatic effect.. but cant help jumping in with a fact-check.

Bloom Energy : $24 / share, Market Cap > $ 5 billion, up over 120% in the last 6 months

Big events / announcements move markets.

@plumbs, @Smokinjoe

I'd been convincing myself of this being madness on the same 'cash logic' as you! but if you look at ITMs last annual report they were sitting on £230M of cash reserves yet currently priced at about £170M market cap!

so maybe that logic doesnt hold.. or maybe they are both absolute bargains at the moment??

@MrProfit - that's not how I would read the information about Hanwha Asset Mgmt. The weighting must represent the relative weighting of Ceres in that fund, not a % holding of the company.

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The share price and market cap of Ceres indicates there are ~194million shares in circulation. So the Hanwha Fund, at 103,000 shares, is actually less than 0.1% of the total shares in circulation.