Ceres Power Share Discussion Threads

[bmel] 19/3/2024 11:00

Tomorrow is not D-day. That was postponed and we do not yet have a new date.

[book5] 19/3/2024 10:52

Changing from the aim to the primary market, could this be the reason why auditors are reviewing in detail previous years' accounts?

Tomorrow D-day

[genises] 18/3/2024 15:58

Now you would think the auditors would had picked this up last year not two years later.
The question is how much have they overstated in 2021/2022 to the slight positive increase in 2023.
Market looks unsettled when the CFO has not done his job properly.

[lawson27] 14/3/2024 13:38

back in for the rise here, GLA

[tradertrev] 14/3/2024 10:11

Not exactly good news either as the implication is that for the previous few years they were overstating revenue. This is correcting slightly naughty behaviour, not the voluntary start of good behaviour, after all.

[seball] 14/3/2024 07:08

So not bad news. Just a slight delay in results. If no reason given then there would have been panic. An actual increase in revenue recognition for 2023...Buy

[skinny] 14/3/2024 07:05

Ceres Power Holdings plc (CWR.L), a leading developer of clean energy technology, has been informed by its auditor, BDO, that it requires more time to complete its audit process.

The Company expects to make adjustments that principally relate to the timing of recognition of revenue from long term contracts. The outcome is expected to be a modest increase in revenue in 2023 relative to the £21-22 million guidance previously provided, and decreases in revenue in prior years.

The announcement of full year results for the year ended 31 December 2023, due on 20 March 2024, is expected to be delayed for a short period of time whilst the auditor completes its procedures. A revised date for the publication of these results will be announced in due course.

[yellowf123] 13/3/2024 17:49

Come on Phil time for a reduction in headcount and trim overhead costs.
Arrogance will be the unmaking of you, it's quite OK to cut your thread to suit current orders and economics. Don't wait until all the cash has been spent...

[yellowf123] 13/3/2024 16:49

Tin hat time for investors here.
There maybe some new in the offing but it may not be what we wanted to hear..

[pr4w2b0y] 13/3/2024 14:53

We're pleased to announce the completion of building construction for @Doosan's impressive 50MW factory in South Korea, marking a significant milestone.

#CleanEnergy starts with people.

#Parterships #Collaboration #SolidOxide #Decarbonisation #CleanTech #SOEC #SOFC #FuelCells

[mike the golfer] 27/2/2024 21:58

£21m of Government support for 7 projects to make green hydrogen announcement by Claire Coutinho today.

[moontheloon] 27/2/2024 19:19

So the blueprint would be licensed and built by a third party ?

[skinny] 27/2/2024 13:27

yes very positive :-

"Set to use Ceres’ solid oxide electrolysis (SOEC) technology, the collaboration plans to create the blueprint for a 100MW+ electrolyser system which could be used as the building block for gigawatt-scale plants."

[bmel] 27/2/2024 12:53

This is good news - a concrete step forward in 'at scale' SOEC.

[skinny] 26/2/2024 09:45

FWIW - Jefferies cuts Ceres Power price target to 190 (365) pence - 'hold'

[bmel] 26/2/2024 09:24

Moon

They will be more efficient than ITM, but you cannot really compare them as CWR require 500-600C temperature as an input. Very different applications for different technologies.

[moontheloon] 26/2/2024 09:01

The fact that they're doing one makes it positive I don't know. Itm been doing them for ages with stinking announcements apart from recent one

[moontheloon] 26/2/2024 08:42

Thanks bmel. So we're saying more efficient than itm?

[moontheloon] 26/2/2024 08:39

I did wonder that. I think bmel is referring to investor call alongside it ... but didn't realise they don't usually do one... so that could intimate they want to shout about something

[bmel] 26/2/2024 08:38

Moon

They have discussed this design/application as being the highest efficiencies of any electrolyser type. This test will be the validation(or not) of that claim.

What intrigues me about this is the overall economics for Shell, or any other refinery operator, where the kit is producing hydrogen on a site that consumes hydrogen as part of the refining process. Not quite alchemy, but using ‘waste’ heat to produce a raw material for the same process is pretty cool, and doing it at a high % efficiency is even better.

If the results are as good as CWR anticipated that will be very good news. There a lot if refineries and comparable plants eg glass making that will be very interested in getting this kit installed. That should see some rapid announcements on potential licence companies that are waiting to see these results on top of the test data from the period the kit was in Germany.

This is a big deal - let’s hope it is very positive.

[tractorhead] 26/2/2024 08:30

below, what makes you think announcing results date assumes results are good? Every company announces results date?

[moontheloon] 26/2/2024 08:18

What ballpark you expecting here bmel... are they early or something? Similar time to last year

[bmel] 26/2/2024 07:58

That sort of pre-announces that things went well and the results are highly positive. Maybe even confirming a Shell purchase order.

[skinny] 26/2/2024 07:11

Horsham, UK: Ceres Power Holdings plc ("Ceres", the "Company"), a global leader in fuel cell and electrolysis technology, will publish its full year results for the 12 months ending 31 December 2023 on Wednesday, 20 March 2024.


The management team will be hosting a live webcast for analysts and investors on 20 March 2024 at 09.30 GMT. To register your interest in participating, please go to: