Member Info for PhatStyle4321

Didn’t you say the deal was done? Idiot that article you posted yesterday was childs play

Ceres is a good company but right now the China JV doesn’t seem likely especially with Phil’s response, he wasn’t confident at all.

They are also spending too much money on personnel while no revenue streams are coming in.

Let’s see what the next few months bring

I wish I had spare cash to throw at this miner, researched it a while back but now gold is this high and only going to get higher this can easily double

Could easily be reached in this market environment. Phil failed us all, with his poor presentation

Glad I sold at 400p but if you listened to Savvy you can stay all the way to 300. Looks like my short term head winds were right

Absolute disgrace the share price and the management absolutely ruined it. More capital raises will see it go lower

I am hearing the presentation, Phil is really not confident about the JV which is really disappointing

What do you have to say now Savvy? Investing all those years mean diddly if you can’t read the market

Ceres Power suffered a widened annual loss in 2022 and posted reduced revenue in-line with guidance. The clean energy technology developer reported a pretax loss of GBP49.0 million in 2022, widened from a loss of GBP23.4 million the year prior. Revenue dropped sharply to GBP22.1 million from GBP30.8 million, though Ceres noted this was in-line with previous guidance. Gross margin reduced to 59% from 62%, reflecting the reduction in high-margin licence fee income recognised in the year compared with 2021. Ceres said its investment increased by 67% in 2022, rising to GBP58.4 million from GBP34.9 million the previous year. This was in-line with its strategy to expand into electrolysis for green hydrogen and deliver the "next generation" of fuel cell technology, it said.

Haha I think any major moves will be after the analyst call don’t get too excited

Agreed, no nasty surprises but JV timing could be end of 2023 or anyone knows.

The increase in personnel when the JV hasn’t been signed is a slight worry

What you mean Jeff?

If the JV was signed Ceres would have to report it asap

Last time in Jan the trading update rocketing this share back to 500p let’s see what happens tomorrow?

Why do you attack me ? Because I contain a different view from you ? That due to the world view on China it is unlikely the deal with Bosch gets done ?

Hence the big decrease in share price over the last few weeks.

Sometimes as an investor you realise when you have made a mistake and take the loss. That’s what I did and glad I did as it would have been a bigger loss.

Table*

Stuart Ashman has failed miserably here, more funds will be needed to fund his and others salaries that bring no value to the brake

Look I like Ceres but current short term headwinds won’t help this company, it has been a string of unfortunate events.

Tomorrows results will not bring anything new and the same old ‘JV’s are near signing etc etc’ will be said.

Over one year now and still nothing, I bet a plan B will be announced

Wonder if 350p will hold here, doubt it. Will come looking back at 300p

Stuart Ashman has completely destroyed this company with the help of Elrico, look at this share price.

Hugely disappointing to watch especially as family and friends invested in this.

Results will show a huge loss, unlikely any JV news before final results.

The only new development is the Linde Deal which I like but still further out.

Cash burn is currently huge and may need another fund raise. Mr Phil didn’t think this one through back to 300p

Risks with China still high