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Today’s rating
Goldman Sachs cuts Ceres Power price target to 630 (670) pence - 'buy'
Although it is a cut, it remains a buy and maintains a level of 630, still a high number!
Just done a web search. Although not finding anything on jv signing in 2023, I did note that weichai secured in Sep/2022 an order of 1,300 hydrogen fc driven buses and lorries
It would be extremely irresponsible if Ceres doesn’t come up with other solid progress on Friday if they have no progress on the weichai jv
5 trading days to go before the next trade update, nervous time!
Without any definite positive news on jv by then the sp could be in serious trouble unless a clever plan B is in place. The Linde/Bosch demo contract could be an element of plan B. More would be needed to compensate the no show of weichai deal
Ceres is active at these events:
17th March, FC expo, Tokyo, Japan
17th March, Hydrogen Summit, Shanghai, China
16th March 2023, World Electrolysis Congress,D–Neuss, Germany
Hopefully Ceres may be able to secure something at these events as plan B
Without definite positive news on jv by the trade update date, the sp could be in serious trouble unless a clever plan B is in place
Only 8 days to go before the market update. Not much time to waste for the JV. Not easy for not to be nervous
The continuing fall seems unexplainable. The fall doesn’t seem relevant to any general factors
Xi is driving China to become a larger version of North Korea. Until xi’s regime is over, I doubt weichai is able to make any decisive move
The current leadership in China is ruining China. The state of the Chinese economy is at its worst level of the last 30 years. GeoPolitically China has become an enemy and evil regime in the view of most countries. What an idiot Xi is
The China JV may be in trouble. In any case a Plan B should be developed
Ceres needs having a Plan B. In any case, it would be unwise for Ceres to attach too much importance to its ever delaying jv with China
This director bought further 1.5m on wed and Thursday this week
Was that transaction of 4.6m shares at around 11:20 today a buy?
This director bought further 223k shares this week so far.
Agree the preceding view that the ipo price might be overvalued but the current price is undervalued
Sudardja bought further 200k shares last Friday which was reported yesterday
Barclays starts Alphawave with 'overweight' - price target 160 pence
I guess the sp may go below 400p if no good news on jv this week
The results seem good with the exception of bad ebitda
It’s odd that the market continues unimpressed after another director has bought in on top of Sudardja’s multiple buys