Ceres Power Share Discussion Threads

[tara7] 29/11/2012 21:00

Sueyou1,

I think you need help.

Now you own your own house and it is worth 500k but, and it is a big but, you can not pay the mortgage of £400k and in the morning the repo man calls to kick you out.

The house then goes to auction but sells for just £380,000.

You now have no house and still £20k debt.

OR your dad dies and you pick up £10,000 in his will, and pay off this months mortgage.

A buyer comes along for your house and pays £480,000.

You now have £100,000 in the bank.

[stegrego] 29/11/2012 20:54

Tara you are so full of sh1t I can smell you from here.

[sueyou1] 29/11/2012 20:52

After the fund raising is completed the shorters will hammer this because the placess stock cant be touched, so an easy stock to manipulate. Everyone KNOWS they will burn ALL the cash and be back for more in 6-9 months, so what is the point in holding the stock and waiting for the next 50% to 80% dilution? Only fools and dreamers would hold this stock now.

[sueyou1] 29/11/2012 20:50

It's worth 1p, just 1p, that is why you can buy offer shares for ... 1p!!

DOH!!

[sueyou1] 29/11/2012 20:50

Current 86,215,662 shares
After placing 416,215,662 shares

Dilution of current shareholders 79.29%

What an amazing deal LOL!!

[maxmarilli] 29/11/2012 20:46

How much is that "existing cah resources"?i bet 3 to 4 mill£....if that with the other money raised(£3m)would make 6 or 7£mill in cash alone divided by new number of total shares(416mill)would equal 1.68pence in cash alone+IP and assets.....4p fair price,imo at today developments...

[tara7] 29/11/2012 20:44

Tops goes in and buys while you lot live in fear, I say good luck to him.

I feel a few here do not understand it needs the likes of him so stale old losers [like here] can have a market to sell into.

[tara7] 29/11/2012 20:41

34simon did not make 50% today.

Other posters did.!!!

[maxmarilli] 29/11/2012 20:39

Sueyou1,now it`s a new management and focus on exploting that Ip:Together with the existing cash resources in the business and the anticipated receipt of a UK Government R&D tax credit, this will provide funding for not less than 12 months' operations. To implement the revised business model, the Group is refocusing the size and scope of the business to maintain the necessary core technology, system integration and pilot-scale cell manufacturing capability, but it will no longer maintain the capability to design, develop and sell complete m-CHP products. At 1p is a screaming bargain and i will add to my full capability....Others will have to buy at market share price ..and lucky if they can at 2p!Beleive it or not the game changed completely with that last RnS...

[sueyou1] 29/11/2012 20:36

Just remember who has been right for the last 5 years with CWR, me. Spot on with every fund raising, including predicting this one would be a flop and it is at £3m raised, when they actually wanted 'needed' £10m now and a total of £50m over the next 4 years to keep going under the original business plan.

Remember who has only just arrived to ramp this basket case for the sake of a penny day trade, Tara7 and a few others that are easily identified by their BS, hype, ramping posts of hot air and dreams.

[tara7] 29/11/2012 20:27

FACT: The city dip sticks valued this at £260M.

However new investors get all the energy, hard work and product for just 1% of that.

Not invested here but good luck to all.

Another stock that has come down from £160M to £10M is Publishing Technology PLC [PTO]

Go to Google and search: Publishing Technology launches in China youtube.

You will be one of just 160 who have seen it to date.

[maxmarilli] 29/11/2012 19:57

Good thing IP and ORA cannot sell b4 12 months....buying at 1p only for them and little like £650k for existing shareholders....that is why buyers were paying 3p....i would be not surprised if it will go up above 4p,tomorrow...afterall,how much that ip is worth?and how much cash in the bank left?finals should come out soon,also...

[maxmarilli] 29/11/2012 19:38

company is saved..... probably ORA and IP have already some deals in places....

[david77] 29/11/2012 19:19

This is a good outcome for Ceres Power. I bt shares a few years ago at over £3 and went to an investor event at their factory in Crawley expecting to see a prototype boiler. We saw some drawings and sample fuel cell plates. but nowhere near the state I was expecting. I sold without losing much money.

Since then, they have set up a factory to build production units, but clearly they were not ready to produce anything. With luck, IP Group will do for Ceres the same as Phil Cartmell is doing for Corac (I hope - 'cos I've got Corac shares).

[pierre oreilly] 29/11/2012 19:13

Not bust, but quite diluted. A better outcome for existing holders than I expected, on the basis it's better to have a bit rather than nowt.

But all the company today will become 20% of the post-funding (if it succeeds) company, with the other 80% being bought at 1p/share.

I'd expect the main funder to short it's allocation anytime they can short, ex, for a 50% profit (i.e. with the price above 1.5p after tomorrow).

The market cap at the 10p price people (well, rampers) were on about will now be reached at a price of 2p, ie. the dilution is a really brake on share price rises.

[tara7] 29/11/2012 18:40

The Group believes that its in-house expertise and familiarity with Ceres' technology and markets mean that the IP Group model can be successfully applied to create significant shareholder value.

So NOT BUST.!!

[smokey 1o3] 29/11/2012 18:35

NOT TOO BAD EH!!

IP Group plc - Participation in placing by Ceres Power Holdings

29 Nov 2012

IP Group - proposed participation in firm placing and placing and open offer of Ceres Power Holdings plc

IP Group plc (LSE: IPO), the developer of intellectual property based businesses, is pleased to announce that it has today conditionally agreed to subscribe for up to 124,656,591 new ordinary shares of 1 pence each in Ceres Power Holdings plc ("Ceres") at a price of 1 pence per new ordinary share and for an aggregate cash consideration of up to £1.25m. If subscribed in full, IP Group will hold 29.95% in the enlarged share capital of Ceres. The Group believes that its in-house expertise and familiarity with Ceres' technology and markets mean that the IP Group model can be successfully applied to create significant shareholder value.

· Ceres (LSE: CWR), an AIM-quoted company developing clean, efficient, cost-effective fuel cell technology for use in distributed generation and other applications, has today announced its intention to pursue an alternative strategy by resizing its business to focus on the continued development and commercialisation of its core fuel cell and fuel cell module ("FCM") technology platform.

· In order to finance the implementation of its new strategy and the continued development and commercialisation of the technology, Ceres is proposing to raise £3.3 million (before expenses) through the issue of 265,000,000 new ordinary shares through a firm placing and 65,000,000 new ordinary shares through a placing and open offer all at 1 pence per new ordinary share, which represents a discount of 49 per cent to the closing price of 1.975 pence on 28 November 2012. Together with the existing cash resources in the business and the anticipated receipt of a UK Government R&D tax credit, this will provide funding for not less than 12 months' operations.

· The Group, through its wholly-owned subsidiary IP2IPO Limited, has agreed to subscribe for 107,500,000 firm placing shares and a maximum of 17,156,591 open offer shares all at 1 pence per share, the latter subject to clawback in respect of valid applications by qualifying shareholders under the open offer.

· Upon admission to trading on AIM of the new ordinary shares in Ceres ("Admission"), the Group will hold between 25.83% and 29.95% of the enlarged issued share capital of Ceres (depending on take up by existing Ceres shareholders of their open offer entitlements).

· Alan Aubrey is to become non-executive chairman and each of Steve Callaghan, Dr Robert Trezona and Michael Bretherton are to become non-executive directors. Steve Callaghan, a turnaround specialist, will work with the Ceres executive directors while the Ceres board recruits a permanent chief executive officer.

· Dr Robert Trezona, a member of IP Group's physical sciences team, worked for Ceres from 2002-2005, leading the original team of materials scientists that created the Ceres fuel cell before setting up the process development team that developed the initial cell manufacturing process.

· On Admission, Brian Count will step down as non-executive chairman, David Pummell will step down as chief executive officer and John Nicholas will step down as a non-executive director. Mike Lloyd has agreed to continue in office as a non-executive director. In addition, Rex Vevers and Phil Whalen have agreed to remain as executive directors following Admission to assist in the management of Ceres going forward until new executive directors are appointed to the board.

· The fundraising and board changes are conditional on, amongst other things, the passing of all resolutions by Ceres' shareholders at the General Meeting convened for 11am on 17 December 2012.

Alan Aubrey, Chief Executive Officer of IP Group, commented:"We are very pleased to have agreed this proposed investment in Ceres. We have a high regard for the potential of the Ceres technology which has undergone extensive development. IP Group has a long history of successfully creating value from research led/intensive technologies and we feel that our existing in-house expertise and familiarity with both Ceres and its markets leave us well positioned to create value for shareholders. We look forward to building and working alongside a new management team and to applying our experience and model to help unlock the commercial potential of Ceres' technology platform."

Brian Count, Chairman of Ceres, commented: "Ceres has made substantial technical progress in the last 12 months, particularly in durability and reliability. As a result of the recent successful test results, the Board believes that the alternative strategy of focusing on developing the low cost, compact fuel cell module technology platform, and leveraging the expertise and access to capital of IP Group plc, should enable the commercial potential of the Group's technology to be exploited across a broad range of product applications, customers and territories."

For more information, please contact:

IP Group plc
Alan Aubrey, Chief Executive Officer [phone]

FTI Consulting [phone]
Ben Atwell, John Dineen

Notes for editors

About IP Group
IP Group is a leading UK intellectual property ("IP") commercialisation company, developing technology innovations primarily from its research intensive partner universities. The Group offers more than traditional venture capital, providing its companies with access to business building expertise, networks, recruitment and business support.

The Company's portfolio comprises holdings in over 60 companies including Oxford Nanopore Technologies, the DNA sequencing development company, Revolymer, best known for its removable chewing gum and Xeros, which has received many accolades for its revolutionary clothes washing techniques with a much reduced requirement for water.

The portfolio includes early stage to mature businesses and has exposure to five main sectors - Energy & Renewables, Medical Equipment & Supplies, Pharma & Biotech, IT & Communications and Chemicals & Materials. To date, fifteen of the portfolio companies IP Group has backed have listed on the AIM market of the London Stock Exchange and one on PLUS Markets.

Founded in 2001, IP Group listed on AIM in October 2003 and moved to the Official List in June 2006. The Group now has long-term partnerships with twelve universities including those under its commercialisation agreement with Fusion IP plc.

For more information, please visit our website at www.ipgroupplc.com.

About Ceres Power
Ceres Power is a leading developer of clean, efficient, cost‐effective fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO2 emissions and improve energy security. These products use Ceres' mass manufacturable technology platform, the Fuel Cell Module, based on Ceres' unique patented intermediate temperature solid oxide fuel cell ('IT-SOFC') technology and operating on mains natural gas or in the future a range of other fuels including packaged fuels, such as LPG. Ceres is listed on the AIM market of the London Stock Exchange, and has facilities in Horsham and Crawley, UK, including a pilot-scale

[tara7] 29/11/2012 18:30

Top gainer of the day.


LSE % Gainers

Top Lists

EPIC

Name

%
CWR

Ceres Power

+52%


TYM

Tertiary Minerals

+39%

[tara7] 29/11/2012 18:22

100% in 3 days, yet others want to slate those investors who took the right view.!

[tara7] 29/11/2012 18:16

Today the stock is well over valued at £2.56m MCAP. It will fall as the placing date gets closer because the current stock after dilution will only be worth 1p per share for £862,156.62 IN TOTAL vs the £2.56m it is currently priced at.


Hell, tell me how I can buy it for £862K and i will buy the lot.!

[smokey 1o3] 29/11/2012 17:38

SOUYOu 1
I take it you will be moving on then?