RE: Bosch and Weichai JV8 Nov 2023 10:30
OAPK20
If you are not invested i would wait a lot of unknowns here.
We joined the ftse 250 to attract investment thus far not happened as the sp continues to drift
Q3 update given lead ballon status the sp started to free fall in a week prior to update something leaked at a guess regarding JVs
The CEO invested a hefty chunk at 320p further depressing the SP
Our strengths- A full trophy cabinet , more collaborations than Diana Ross, many JVs over the years and plenty of awards.
Our weakness - Huge cash burn, 600 staff on R & D, Low income, high project costs, and a JV thats becoming a lead weight.
I thought i had done my homework on this share but in all honesty i get the feeling its going to be a long haul to get my investment back at 350p . Many will say its a long term hold but 20 years have passed and Ceres is valued less than it started.