Ceres Power Share Discussion Threads

[book5] 25/7/2023 14:55

The price is recovering with a good volume (much higher than yesterday).
My guess is many of the the shares sold yesterday are being repurchased.
would it close positive?

[brucie5] 25/7/2023 13:21

Small opening position this morning. 25% of peak price with proven, award winning tech in the battle of against climate change - what price to a buyer?
Who knows whether this - or hydrogen- will be an eventual winner but seems to me that there may be room for quite a few. From a chart pov this looks as good a place as any to be in for the long haul.

NAI intended, obviously, but I look forward acquainting myself with the expert commentary here.

[book5] 25/7/2023 13:00

most likely, insiders within the information chain shorted cwr yesterday, maybe on the last Friday too
today they are closing their shorts with nice profits
thieves with white gloves
where are the authorities looking at?
It is so obvious.

Back to the rns content:

"A two-year collaboration with Linde Engineering and Bosch has commenced to validate the performance, cost, and operational functionality of Ceres' electrolyser technology."

Regarding the future, the key here is which technologies will triumph and which will lose.
Chinese Alkaline electrolysers are much cheaper to buy; therefore, we will likely battle the running costs ( energy efficiency, maintenance cost). What chances do we have in the electrolysers sector to emerge as the champion? What other technologies are there? Does any one have any reference to read?

Many thanks
B.

[skinny] 25/7/2023 09:47

"CWR is now in the stricter main market" - an oxymoron I'm afraid!

[marwalker] 25/7/2023 09:40

There should be a regulatory investigation into yesterdays drop especially as CWR is now in the stricter main market

[gswredland] 25/7/2023 09:05

Seems to be stuck in a trading range between 300-400 until some significant news

[folderboy] 25/7/2023 08:57

Surely Trump, Farage and Brexit are the opposite of woke (whatever that is!) All three are reasons to despair of this country (although Trump is hardly our fault) - but , and I confess to not fully understanding "wokeness", they are not part of the woke world. Or maybe I need to be awoken. Do think the fall in the share price yesterday says it all - a fair market? Ho,ho.

[bjfanc] 25/7/2023 08:51

I'd probably not rush to pencil any China JV revenue in 2024 either. That's not to say, there isn't potential elsewhere.

[skinny] 25/7/2023 08:38

This sentence is probably the primary cause for the (combined) fall.

"This reduces our expectation for 2023 by an estimated net GBP15m (compared with current market consensus [1] ), by moving revenue associated with the China JVs to 2024, partially offset by the anticipation of additional licence fee revenue from new contract wins this year."

[book5] 25/7/2023 08:34

Perhaps some shorts decide to close

[bjfanc] 25/7/2023 08:29

Now we know, why it was down close to 10% yesterday.

[ch1ck] 25/7/2023 08:19

I see the RNS as just good management of investor expectations with an honest review of the situation.There is a clean energy race worldwide and this is a major player.I will buy on this cut back as I have been invested since the price was £6 and this brings the break even point below £4

[skinny] 25/7/2023 07:53

Yesterday's price movement was suspect.

But leak - surely not!

[book5] 25/7/2023 07:35

Skinny
What do you make of the rns ?
It seems that yesterday there was a lesk and market did not like it
My guess is today down
But often I am wrong, in this occasion I hope to be wrong
Regards

[skinny] 25/7/2023 07:03

Trading Update

Progress in green hydrogen technology driving commercial interest

Horsham, UK: Ceres Power Holdings plc ("Ceres", the "Company") (CWR.L), a global leader in fuel cell and electrochemical technology, today provides the following update ahead of the announcement of its interim results for the six months ended 30 June 2023, which will be released on Thursday 28 September 2023.

Financial

-- Revenue for the six months to 30 June 2023 is expected to be approximately GBP11 million (H1 2022: GBP9.7m)

-- Gross margins are expected to be around 55-60% (H1 2022: 55%)
-- Cash and short-term investments were approximately GBP162 million as at 30 June 2023
-- On 29 June 2023, Ceres successfully moved to the Main Market of the London Stock Exchange from AIM

Current trading and outlook

-- Bosch and Weichai have reconfirmed to Ceres their commitment to the China JVs and are targeting signature this year. However, given the continued delay which is not within Ceres' control, and the time required post signature for regulatory clearances, we are taking a prudent view that the revenue associated with the JVs is now unlikely to be recognised this year. This reduces our expectation for 2023 by an estimated net GBP15m (compared with current market consensus [1] ), by moving revenue associated with the China JVs to 2024, partially offset by the anticipation of additional licence fee revenue from new contract wins this year.

-- The Company continues to expect full-year revenue growth against the prior year as a result of the growing pipeline of potential new licence partners with whom the Company is in active discussions. The Company will update guidance as appropriate once any new material commercial contracts are signed.

-- Bosch's 'Power Units' have received European funding of EUR160 million as an Important Project of Common European Interest (IPCEI) to enable the mass production of its solid oxide fuel cell product, utilising Ceres' stack technology.

-- Building construction is nearing completion on Doosan's 50MW factory in South Korea. All machinery and processes have undergone factory acceptance testing, and is on track for installation and commissioning to achieve first production in 2024.

-- The first-of-a-kind MW-scale electrolyser is undergoing commissioning and initial testing at AVL in Germany, in preparation for deployment later in the year to Shell's R&D centre in Bangalore, India, in line with the timetable set out in the 28 June 2022 announcement.

-- A two-year collaboration with Linde Engineering and Bosch has commenced to validate the performance, cost, and operational functionality of Ceres' electrolyser technology.

-- Ceres has been announced as the Winner of the Royal Academy of Engineering's 2023 MacRobert Award, widely regarded as the UK's most prestigious prize for engineering innovation.

Phil Caldwell, Chief Executive Officer of Ceres said : "Despite the ongoing delay with the China JVs, the company is making good progress elsewhere, especially with our growing pipeline of opportunities. We have made a significant shift in the business over the past two years, and I am particularly excited by the progress in our electrolyser technology, including signing a partnership with Linde and Bosch earlier this year, and the level of interest in licences to exploit the global market for green hydrogen. I look forward to sharing further updates in the coming months."

Ends

[book5] 22/7/2023 11:20

Many positives here
I like the engineering award and FTSE250
Let's see what the shorters do

[skinny] 21/7/2023 18:01

free stock charts from uk.advfn.com

[chessman2] 21/7/2023 17:36

I believe the share price we will continue to increase during the next few weeks.

I guess a deal is being discussed.

[richpassi] 20/7/2023 13:00

I don't have youth on my side ! Lol

[moontheloon] 20/7/2023 12:56

That's my plan via the shares ISA.

[moontheloon] 20/7/2023 12:54

Better still re buy within a sipp and get a nice instant win chunk tax rebate from the government

[richpassi] 20/7/2023 06:34

Bosch expect that 1 in 5 trucks weighing over 6 tons will be fuel cell driven by a 2030 .... Imagine being a part of that :)This mechanic who has No faith at all that electric vehicles will work for the majority of UK motorists sold all his holding in Ceres on Monday and bought them all back in his Shares ISA .....3 days later I'm glad I did ;)https://www.greencarreports.com/news/1140210_bosch-invests-fuel-cell-tech-hydrogen-internal-combustion

[ch1ck] 19/7/2023 02:55

Sebal Still confident it will drop to 270p ?