Ceres Power Share Discussion Threads

[ch1ck] 18/4/2024 12:52

Well this strong move up is not unexpected. Let's hope it builds on this over the next few weeks and months.From the conference call I suspect there are more deals in the pipeline but the CEO is reluctant to say anything as he gets hammered if he indicates anything positive which is not immediately delivered

[richpassi] 18/4/2024 10:36

5.13% increase @ 10.35am should equate to probably 2% Decrease by 16.30 ;)

[book5] 18/4/2024 10:14

Mac
Exactly right!

[mjcferguson] 18/4/2024 09:30

Or better,announcing more contracts!

[yellowf123] 17/4/2024 18:04

BMP just reduced their investment here, not a great sign of confidence.
Come on Phil C, start reducing those overheads and cutting the 600 headcount.

[skinny] 17/4/2024 10:47

FWIW :- Bryan Garnier cuts Ceres Power price target to 190 (220) pence - 'neutral'

[lawson27] 17/4/2024 09:39

Back in this morn on the dip, hoping to see this one bounce from here @132, RNS revealed all, no more skeletons, GLA

[book5] 16/4/2024 10:12

yesterday CWR outperformed
Hydrogen ETF -3.5%
FuelCell Inc -7.5%

Who are our main competitors?

[cerrito] 15/4/2024 17:22

Somewhat to my surprise I bought some more after listening to the IMC call.Too bad I was not quick enough to buy under 130p.
The current marcap is £270m. They have got cash flow under control(and I got what Eric said that last year working capital reduction was a one off) for this current FY.
It was as always a good solid presentation from Phil. I was always rather put off by him in the days when we had the AGM at Horsham as he would talk about climate change in rather a blue sky way and good that we could focus today on business issues.
Interesting that doing zero at thr moment in the Americas but seem to have enough on their plate.
Good to be reminded that Delta is both SOEC and SOFC.
I recognize that no concrete events on the immediate horizon to trigger a rerating of the shares..at least until later in the year with news of the commissioning of the Doosan plant. Let's hope we get another Delta type deal, or news from Bosch/Linde or indeed something from Weichai before too long.
.

[fundenergy] 15/4/2024 16:50

It should be really easy for Ceres to pick up many £10s million just by signing Bosch & Doosan up for SOEC

[skinny] 15/4/2024 12:16

Some PR :-

[brucie5] 15/4/2024 12:11

Thanks Skinny.
Chick,I hope this works out well for you.
My speculative money is currently on OXB, which has actually formed a base, though not yet a BO patttern.
Either of which needs to be in play here.
Likewise ONT which looks like touching down soon - but not quite yet.

So is 1.40 the bottom?
Do you feel lucky?

[skinny] 15/4/2024 11:59

Brucie - yes it is - I'm feeling more upbeat here.

For anyone that didn't see it :- .

[ch1ck] 15/4/2024 11:59

I will be interested to hear what the big players who attended in person and not via media links have to say.It seemed that the biggest concern in the room was cash burn and future partnerships.This question was answered with cost reduction was in play and head count was at the forecast peak. With three revenue streams in play and one more due next year income is set to double on current signed dealsI'm happy to have picked up below 140

[ch1ck] 15/4/2024 11:51

LTH It's a fair point this is a growth company spending on R&D and engineers and back office staff.I would be worried if the money was being wasted but this is future development and costs are falling and revenue streams are increasing.From the company report"Operating costsOperating costs increased to £76.6 million (2022: £66.1 million1) as Ceres increased investment in core technology to drive future growth, including the second generation of stack and a significant investment in the megawatt-scale electrolyser. The largest category of spend is R&D, which increased to £54.0 million (2022: £48.5 million1). The average number of persons employed by the Group in the year increased to 590 (2022: 536). Now that we have critical mass of engineers, scientists, electrochemists and other technical employees, we don't anticipate headcount increases in 2024.

[seball] 15/4/2024 11:10

Break Even 2027 I think. Still surprised we are under 200p and recent director buys. Any sign of China deal which will be in 2024 imo and these will be over 400p. Buy and hold Good luck all

[tractorhead] 15/4/2024 11:09

LTHTRUST, this is a nascent sector. Rome wasn't built in a day. They are well placed to succeed. Great IP. Decent amount of cash. A good deal in the bag. More coming.

It will take time. But they have a good chance.

Always risk with young companies.

[bjfanc] 15/4/2024 11:02

With their tech/partnerships and £140 million they have a good chance.

[lthtrust] 15/4/2024 10:44

They Lost £54.0 Million after tax in 2023, their revenue was £22,3 MILLION. Will they ever make a profit ? and if so when ? will they need more cash to burn ? questions, questions. One would assume that the competition is not asleep.
From todays 2023 results RNS:
"The Group has reported a loss after tax the year ended 31 December 2023 of £54.0m (31 December 2022 of £47.6m1) and net cash used in operating activities of £33.9m (31 December 2022: £50.8m). At 31 December 2023, the Group held cash and cash equivalents and investments of £140.0m (31 December 2022: £182.3m).".

[book5] 15/4/2024 10:44

We have cash for three years
Revenues from Bosh royalties are not expected in 2025
At least another two years of burning serious cash
Unfortunately, the Market is only interested in present profits or significant new partnerships (say £45million per new partnership)
Accelerated efforts on the commercial front are the correct strategy to boost the share price

Excluding cash in the bank, the Cwr business is valued at around £120 million! IMHO, very cheap

[seball] 15/4/2024 10:18

Yes also they expect a China deal just in a different format and market is acting as though opportunity has gone away. Buy and hold imo

[ch1ck] 15/4/2024 10:16

One question from the floor was is the Delta deal comparable to the China deal and if so does the market recognise this.The answer is was yes the Delta deal is massive and comparable to the China deal in size and has not been factored in to the share price, also the China and Asia market is still active and is a another massive market they are actively involved in

[brucie5] 15/4/2024 10:12

That's a bullish outlook skinny. But still a brave investor who buys a falling knife.