Ceres Power Share Discussion Threads

[tradertrev] 03/7/2023 16:34

In the interests of balance, not sure how you can say that is "certainly positive". The only mention of the Ceres Power JV in that broker's note provided by mcmather is that the analyst's sum of the parts value excludes WP's share of the Ceres JV! I.e. confirming that it hasn't come into existence yet.

[seball] 03/7/2023 14:16

Thanks mcmather. So JV mentioned which is certainly positive

[mcmather] 03/7/2023 12:56

The only reference to CWR is merely the J/V; nowt else. Not a lot more to see (unless invested in Weichai) than that Weichai seem to be progressing well.

3 July 2023: “Weichai pre-announced over the weekend that 1H23 net profit is expected to grow 50-70% YoY to RMB3.59-4.07bn, representing 50-57% of our full year profit forecast.”

[1teepee] 02/7/2023 22:00

You still about?

[ben chod] 30/6/2023 08:47

hxxps://news.sky.com/story/ian-king-business-podcast-the-future-of-thames-water-the-rise-of-ai-and-global-monetary-policy-12911683

[ben chod] 29/6/2023 13:24

itsnotallabout the JV

[bmel] 29/6/2023 11:45

It is waiting for some Chinese regulatory issue ( nothing to do with Ceres).

Anyway it will make the fund managers who can now buy happy - they will get the benefit of the approval rise.

[1teepee] 29/6/2023 08:03

I thought the threesome was going to be announced before the main market listing

[skinny] 29/6/2023 07:01

Admission to Premium Listing Segment of the Official List and to Trading on the Main Market of the London Stock Exchange

Further to the announcement made on 26 June 2023, Ceres announces that it is expected that the ordinary shares of the Company (the "Ordinary Shares") will be cancelled from trading on the AIM market of the London Stock Exchange at 8.00am today and simultaneously admitted to listing on the premium listing segment of the Official List maintained by the Financial Conduct Authority ("FCA") (the "Official List") and to trading on the London Stock Exchange plc's (the "London Stock Exchange") main market for listed securities (the "Main Market") (together, "Admission") at 8.00am today.

The Company is not offering any new Ordinary Shares nor any other securities in connection with the proposed Admission. Following Admission, the Company's Ordinary Shares will continue to be registered with their existing ISIN of: GB00BG5KQW09 and the Company's TIDM code on the London Stock Exchange will continue to be CWR. At Admission, there will be 192,716,980 ordinary shares in the Company in issue.

The Company's shareholders should consult their own tax advisers as to the tax implications of the Company's proposed move to the Main Market.

Phil Caldwell, Chief Executive Officer of Ceres Power, said:

"As a UK technology business playing an important role in decarbonising the global energy system, we are proud to graduate to the LSE's Main Market. We are committed to realising our ambition to have multi-gigawatts of clean energy technology under licence with global partners in the coming decade. A huge thank you to the team at Ceres and beyond that has made today's milestone achievement possible."

[edgar40] 28/6/2023 09:01

Thanks for the Sunday Times link, Skinny.

Not sure how much the journalist is in the know, but perhaps noteworthy that she says the China JV delay is now due to regulatory issues in China, not internal issues between Bosch / Weichai (as previously flagged). If this is right - and it wouldn’t surprise me if Weichai needed some sort of green light from Beijing before they can sign the agreeement - it marks a step forwards. Remember, £30 mill of advance licence fees accrue to Ceres once the agreement is signed.

[skinny] 28/6/2023 08:56

My average price for my remaining shareholding is @90p and I'm in no hurry to average up.

[paying4it] 27/6/2023 20:50

Why wait till they move from aim to main market when it'll add on cost to buy shares paying the dreaded tax. LolI have added at the start of this week so I didn't get caught paying itDon't hold a lot but I was topping up anywayGood luck to all

[skinny] 27/6/2023 09:56

I'd been looking to add again here - before Thursday or after - therein lies the rub!

[bmel] 25/6/2023 17:31

Seball. Pay him No attention he is a registered idiot.

[seball] 25/6/2023 15:13

Halfpenny do some research cash not needed. Another one for the filter list...

[halfpenny] 25/6/2023 11:08

CWR with lower lows testing 200p to come so be aware...Too Risky at these levels!!

[halfpenny] 25/6/2023 11:05

Risky at these levels as not making a profit and in need of cash as run rate has exploded.
China is not a done deal so too Risky at these levels.

Its always saying prospects are in the future. So are further falls...

[skinny] 25/6/2023 07:08

The link :-



In the shorter term, Ceres’s market shift should help to fuel the shares too. It will move its listing from Aim to London’s main market this Thursday.

[richpassi] 25/6/2023 07:03

Sunday Times Tip Step up from Aim this weekThe Sun is shining ;) .......Hope those Shorter Clouds will be dispersed.

[book5] 22/6/2023 07:13

keep and eye on the 29/30 June 2023:

Admission is subject to (i) the approval by the FCA of a Prospectus and admission to the premium listing segment of the Official List; and (ii) admission by the London Stock Exchange of the Ordinary Shares to trading on the Main Market. Subject to the satisfaction of these conditions, Admission is expected to occur, and the Company's listing on AIM to be cancelled, on a date not earlier than 29 June 2023 (being at least 20 business days after the date of this announcement) and is, in any event, expected to take place before the end of June 2023. Accordingly, the Company hereby gives notice of the intended cancellation of trading of its Ordinary Shares on AIM in accordance with Rule 41 of the AIM Rules for Companies. Ceres will make a further announcement on the status of the proposed applications for Admission, together with the timeline for Admission, in due course. Admission will be effected through an introduction of the existing ordinary shares and Ceres does not intend to raise any funds or offer any new securities in connection with Admission or the publication of the related Prospectus

[richpassi] 20/6/2023 21:22

Top Key Players :)https://www.digitaljournal.com/pr/news/market-reports/solid-oxide-electrolyzer-cell-soec-market-will-touch-new-level-in-upcoming-year-by-top-key-players-sunfire-gmbh-siemens-energy-itm-power-ceres-power-elcogen

[seball] 20/6/2023 18:12

Good news... using Ceres tech I believe...

1st solid oxide electrolyser #SOEC manufacturing from E-Gen Energy: 100MW Shanghai hydrogen electrolysis capacity
Weichai Power @WeichaiPowerCo debut large metal-supported commercial solid oxide fuel cell #SOFC
via @JianWu_Ca's #substack bit.ly/3qQkTnB #FuelCell