Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Alpha-dog, in my experience, these questions require an understanding of how the market-maker (MM) works. The MM has to make a market, so they offer a bid / offer to make the market. In ideal conditions, a MM does not want to hold an inventory of stock, but think about it - a market maker will inevitably hold some inventory.
The second point to make is that the buy / sell data is based upon a guess at whether a trade was initiated by a buyer (a buy) or a seller (a sell). While this can be accurate on stocks with low liquidity with high spreads, stocks with reasonably liquid trading and price volatility have associated spread volatility... Ceres is such a stock. In such cases the buy / sell estimate can be less accurate.
I would recommend looking into market makers. It takes some time to get your head around. Hope that helps.
Hi guys, I recently stated that Ceres was overvalued at 250 following news of reduced future revenues. I in fact sold a significant 5-figure position at >230 for a massive profit prior to my post.
Two regulars here accused me of being "stupid" and "upset because I had lost an opportunity". I simply said "lets see shall we?" - and yes I said that as the market rose - because I had conviction.
Anyway, I have opened a small 4-figure position this morning at 172. I do not like to broadcast my trades, but I am happy to share this move as the negativity is getting to an unwarranted level. The price may drop further, but I'm happy to start accumulating at this price and below.
As has been stated before, shorts don't necessarily close instantly, especially if they are still profitable. Depending upon when the short was taken up, there may not be pressure to close. Therefore, shorts will partially sell, which will result in upward pressure over time, rather than in one go.
This would be different to say a stock where the shorts are under water, where there would be more pressure to close quickly.
ITM are also run by an excellent team that has delivered against a difficult backdrop. Mr Schultz has not commit to increase the full year revenue target, but the evidence today suggested to me that he knows how to put together a beat, while keeping it real with the market. In my judgement the board are quietly confident.
The news of a new product has 'positive news ahead' written all over it - and the news we all want of new contracts and confirmation of final investment decisions is a matter when not if.
ConstructiveNews... pay attention. It's Interim Results for the Six Months to 31 October 2023. ITM only need £1.1m in the second half to hit the lower end of full year (which would be disappointing). Hence they may be on for a full year upper end beat, as the industry is starting to show signs of movement. Great news, being steadily reflected in the share price uplift.
"You are writing to someone who believes they have missed an opportunity."
Lets see shall we?
"Not a well read individual either."
Aggression has not strengthened your arguments.
The facts are that future revenues are delayed and in my opinion, the next major deal may be some way off.
Savvy, you have a history of saying the same thing whatever the share price, and then going very quiet after the price drops away. The facts are that future revenues are delayed and in my opinion, the next major deal may be some way off.
Hi John, I have watched every presentation, by the various board members in various settings. I have read the academic reviews of the technology and I have an understanding of the competition. Delayed revenues does not concur with your suggestion that "the growth story is back in play here", at the current sp.
Savvy, I refer you to the recent RNS, future revenue streams are delayed. I think we will have a few months to wait before any other deals materialise. We both agree that Ceres is a good company. But I think the current sp is too steep for a business with delayed revenue streams, a lost contract and low visibility on what is to come next.
Hi John, the doubling of revenue this year is welcome, but the future revenue streams are delayed. If we valued every business on a doubling of revenue in the current year, we would lose all our money very quickly.
Guys sp bounced off the 200 as a strong psychological support which did not appear to relate to a cogent valuation based on facts announced recently by RNS. It looked more like a trade to me so be careful. I think Ceres is a great company, but it's currently over valued.
250 by the end of today? Unlikely in my opinion. I remain very interested in Ceres and think it's a great company, but not at any price.
If Motley publishes two opposing views within one week, then it is rational to consider the facts behind both views. I think the real judgement with investing in Ceres is to assess your own valuation and wait until the price drops to that level. The progress of the hydrogen industry will gather pace, but that doesn't mean every business in the space is correctly valued at the present time - Ceres Power is no exception.
Https://www.fool.co.uk/2024/01/24/could-the-ceres-power-share-price-soar-in-24/