Ceres Power Share Discussion Threads

[cerrito] 22/7/2013 20:59

I would have thought they would have plenty of cash. They had £8m at y/end plus the £2.7m tax credit received in cash in January plus the £9m post expenses raised in late March; they told us that operating costs going forward would be less than the £5.5m spent(excluding one off costs ) in the second calendar half of 2012.
All will be revealed in the interims which no doubt we will get sometime in September.

[smith99] 22/7/2013 09:22

I just dont trust these guys any more. Ceres is barely hanging in there and has suffered delay after delay after delay. I appreciate that these things take time to develop but the overpaid bod is too top heavy considering where the company is. As it stands the casino;s are offering better odds than ceres at the moment. Total game changer "IF" they can get a saleable product though before they go bust.

Does anyone know how much cash they have left and what their current burn rate is

[fredd] 22/7/2013 07:47

Sounds positive:

RNS Number : 7808J

Ceres Power Holdings plc

22 July 2013

22(nd) July 2013

Ceres Power Holdings plc

Ceres signs commercial and technical partnership agreement with South Korea's largest boiler manufacturer, KD Navien

Ceres Power Holdings plc (AIM: CWR.L) ("Ceres", "Ceres Power" or "the Company"), a developer of clean, efficient, cost-effective fuel cell technology, is delighted to announce that it has signed a new commercial and technical partnership with KD Navien Co. Ltd. ('KD Navien').

KD Navien is the dominant boiler manufacturer in South Korea with the largest market share of all installed boilers. It is also a major exporter to key markets around the world, particularly the US. South Korea represents a significant market for fuel cell CHP products, being one of the largest domestic boiler markets in the world with 1 million units sold per annum and having generous subsidies from the government for the deployment of fuel cell products.

Under the terms of a technology assessment agreement, KD Navien will carry out trials of the Ceres 1kW class natural gas fuelled fuel cell module (FCM) at its facility in Seoul and will also engage in the first stages of design of a Micro-CHP Product for the mass residential market in Korea and potentially other territories. Ceres will provide hardware and technical support to KD Navien during the term of the agreement.

Following the technology assessment agreement, the two companies intend to enter into a licensing agreement for the manufacture and distribution of CHP products incorporating the Ceres FCM within the Korean residential market.

Under the terms of the agreement, KD Navien will pay Ceres for hardware and technical support to develop FCM test and CHP system engineering capability. In addition, KD Navien and Ceres shall work together to maximise synergies with other partners already developing components or systems related to the Ceres technology.

Alan Aubrey, Chairman of Ceres Power, commented:

"We are delighted to be delivering on our stated strategy with the announcement of our first significant commercial agreement since the Company's change of strategy. KD Navien is the ideal partner to integrate the Ceres technology into products for the Korean residential CHP market. The largest residential gas boiler manufacturer in Korea, with the largest market share in the domestic residential gas boiler market, KD Navien brings brand strength, market access, cost-effective manufacturing and significant engineering resources to ensure successful CHP commercialisation in the Korean market. Both companies have a shared view of the market opportunity and the desire to take innovative and cost effective solutions to our customers. We are excited to have signed this agreement with KDN and very much look forward to working with them."

Jae-Bum Choi, Chief Executive Officer of KD Navien, commented:

"Ceres Power is the world-leading company in the area of intermediate temperature SOFC technologies. By entering into this technical partnership, KD Navien, with its world-class condensing technology, and Ceres Power will look to tie-up and leverage their core competencies for the development of an innovative, eye-opening SOFC system. KD Navien and Ceres Power are expected to bring forth a competitive product, in both performance and quality, which will maximise value to the customer and ultimately become a market-leading product."

[smokey 1o3] 12/6/2013 12:26

Royfox
Fully agree with you but hope the Company keeps us advised of any real progress with signing up clients long before 19 months is up. Bit disappointing there has been nothing so far not even on where matters stand with British Gas.

[royfox] 12/6/2013 11:08

Strong feeling that we should hit commercialisation within the next 9 months. If so, this is a great entry price... IPO group know what they are doing (as seen many successful investments of late), Ceres Powers new shift of technology, opens up many more market opportunities than before increasing the likelihood that it will eventually become a highly profitable and thriving business.

Let's see!

[stylo] 08/5/2013 14:16

Any idea why this huge drop

[andrbea] 08/5/2013 12:37

bouncing off intra-day -18%

[andrbea] 03/4/2013 15:07

largish trade this morning
20 grand

03/04/2013 10:45:10 CWR 10.00 O 200,000

[smokey 1o3] 13/3/2013 18:06

jonsey
Why tell people here about CFU we are not interested.
Seen you here before with your nonsense.

[jonesey3] 13/3/2013 17:22

smokey, it means cfu are the company to invest in... CERES is dead in the water.. just surviving by being a beggar on the underground...

BTW, i have better things to do than hold your hand and tell you exactly what is happening in the market.

DO YOUR OWN *UCKING RESEARCH !!!!

[smokey 1o3] 13/3/2013 16:01

asparks
Are you invested here too.

[asparks] 13/3/2013 15:29

thanks Jonesey - I am already in CFU, and very pleased about it too

[smokey 1o3] 13/3/2013 15:28

Jonsey
I thought you might have something to say that was interesting not just refer me to a thread.
Meanwhile I am staying invested here.
Thank you.

[jonesey3] 13/3/2013 09:38

look at cfu thread

[smokey 1o3] 13/3/2013 08:48

jonesey
Please enlighten us?

[jonesey3] 13/3/2013 08:21

I just find it INCREDIBLE that PI`s are buying here when the news is at CFU !!!

[galvinize] 12/3/2013 09:22

new open offer & placing it seems... had a positive effect on the price at least. Loving this stock right now :)

[broshm] 11/3/2013 10:37

what is all the trade activity about ?

[smokey 1o3] 15/2/2013 14:19

Your not AKA SouYou1 are you?

[jonesey3] 15/2/2013 13:12

Oh and I forgot..

THE CERES UNIT DOESNT WORK !!!!!!

[smokey 1o3] 15/2/2013 11:18

Ah yes, it uses petrol or diesel, involves emissions , roduces heat but no electricty.
Ceres uses gas creates electricty and heat and is an electrical process not a cobustion engine
Matey have a look at this and I am sure you will
be sorry you shorted!