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Noggers
Ceres will come good but its going to take a bit longer. The time to worry is when the cash in the bank is sub 70 million and no promised revenues coming in. The Chinese part owners will be significant i get the feeling Ceres have made mistake selling a large stake it has already damaged the confidence with JV deal falling through, trust China like Russia at your peril.
Noggers
ITM looks more attractive reasons below.
Self building products.
Revenues increasing.
CEO very direct.
Work force streamlined around 400 employees,
Presence in the western world. USA etc.
Ceres have a very different model.
Revenues not yet coming in.
High head count 550
Small manufacturing base,
CEO not up front keeps the cards close to his chest.
No presence in USA.
China a large share holder .
It is easy to see why the latter is declining not increasing hopefully it will turn around in 2024 but i still think some big decisions need to be taken to get us going in the right direction not just noise about deals and projected income.
Thankyou for the replies
I hope what ever you do works out. I may well buy some dips here with some spare cash i now have but only upto 5k at any one time. When the SP drops to 160p look attractive.
I dont have a lot of confidence on a quick turnaround so i may be forced to try something.
Im in at 325p and nearly 50% down. God only knows what many are feeling with this current SP.
Orisk.
Would you share your strategy to regain your 55% paper loss?
I cannot see any shares doing that well without the chance of losing even more money.
Infact every share i have is in red pretty much and the funds i hold dont fair much better..
Im just interested where you see the gains.
.
1863
Look at it as a long wait.
Nobody is investing in a loss making businesses at this moment in time. The days of JVs and promises are long gone Ceres has had its fill of over promising and under delivering hence the market has turned its back for the forseeable. Hopefully over next few months that will change with revenues increasing disappointing but being under water leaves little options really.
We going to get crushed no volume at this price no news to pull out the hat.
A slow painful demise till trading update mid March. Any further minor bad news it will be sub 100p this time around.
1863.
If i was any good at ramping or de ramping id be asking you for contact details for hekilon.😂
Seriously some on here need help but to be honest i wish i had some of that positive spirit with this share.
Noggers.
I think its going to take a bit more than news if Ceres sp was on news we would be the apple of green tech.
I would not be buying in here the waters a choppy as a poster said shorters are ruling and Ceres just keep giving them the conditions to thrive.
Its just a case of sit it out, i hope 2024 will change our direction not a great start to the year though.
Shrews.
Very similar position to myself This board is split between realists and dreamers. The latter think we going to reach the dizzy highs of yester year which most of which is built on sand. The realists are now realizing this is going to be an uphill climb for sometime to come if ever. The delta deal is forecast to be bigger than the Wiechai deal but the SP has flopped. We can only move forwards on profits and Ceres has not been able to that even the doosan revenue is delayed not a good sign given the board not always upfront proven with the failed JV covered up since last September bagging investors like myself who also sit on nearly 60% losses now.
Just a little ouch.
I Was hoping to bin these off by the end of the Feb 2024
Might be 2026 now.
1863
The majority have positive sentiment. Please watch another load of @#!£ presentation will make everything better...honest.
Adam.
Im sure will be very interesting. ITM showing how it has to be done Ceres need to start doing like wise the alternative is not going to attract any sentiment 45 million pound deal may aswell not happened.
1863
After todays slide £5.00 would be dream 🤦♂️.
hopefully next week will be a better week for Ceres.
1863.
Can you ask your Helikon line manager for permission to ramp Ceres for us please. 😁 To about £6.00 would be nice.
I think most people invested as a growth stock hoping to get in cheap and watch it rise. Unfortunatley the growth has gone and nterest has also gone which leaves us with a trading stock rather than a investment stock. Until other further deals get signed and revenues increase on the balance sheet it is going to be a hold for a long time for some a very long time to see a break even IMO. Not muddy waters!!!!
Noggers
Hopefully it will hold around this mark and push upwards in the coming weeks. Very low volume at the moment . 🤞
Kite.
Muddy the waters thats a laugh. I have 32000 reasons why i love this to fly. I tell it as it is and hold em up when i get it wrong . Had the delta deal not happened we would have been £1 that is a fact even the CEO knew it as tbe wiechai bosch deal was dead in September 2023. However in all fairness he played well and done what was needed. Im not a time served investor like some on here like Savvy and one or two others. I do try to read and learn from such investors and speak about the subject is that not what a forum is about?
Kite.
If 1863 is a paid ramper / de ramper i have never seen any posts ramping this share? Its Ok to feel angry that Ceres is not exactly performing to plan and nearly all holders are in deeper than the titanic. I have also vented about the CEO and the expansive workforce. I hold my hands up The CEO pulled it out the bag and took my losses to 40% rather than nearly 60%ish. The future still remains uncertain with this share IMO. The position is all future based which is what it always has been in other words we can drop or fly at blink of an eye.
I lack the confidence to buy more i do not see any return anytime soon possibly a total wipe out at least for quite a few years is on the cards.
The CEO lack of reaction, massive head count doing god knows what plus the lack of action to stem the bleed out has me very concerned.
Where we heading , now worth about 8% of the SP highs a couple of years back. The forecast is back to October 2023 lows across the markets. The sub 100p prediction is now a reality. Will Ceres dump the Wiechai plan? It is dragging us down lets face it China is fast becoming Russia untouchable for the western nations. The board may have to drop the deal/JV and explore other options i think we would recover much faster without Weichai. IMO