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CWR Ceres Power Holdings Plc

173.30
0.00 (0.00%)
10 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ceres Power Holdings Plc LSE:CWR London Ordinary Share GB00BG5KQW09 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 173.30 172.00 173.80 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric & Other Serv Comb 22.32M -54.01M -0.2788 -6.22 335.68M
Ceres Power Holdings Plc is listed in the Electric & Other Serv Comb sector of the London Stock Exchange with ticker CWR. The last closing price for Ceres Power was 173.30p. Over the last year, Ceres Power shares have traded in a share price range of 126.40p to 312.00p.

Ceres Power currently has 193,699,380 shares in issue. The market capitalisation of Ceres Power is £335.68 million. Ceres Power has a price to earnings ratio (PE ratio) of -6.22.

Ceres Power Share Discussion Threads

Showing 10551 to 10573 of 11075 messages
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DateSubjectAuthorDiscuss
22/7/2024
12:21
Hyzon and Plug announcing what amounts to begging bowls.
skinny
22/7/2024
12:19
What was behind the late sell off on Friday last that sent this down to below 170.

Market makers playing games or what.

Still lots of risk involved in a very piece meal market.

Lets see those spreads widen

jubberjim
22/7/2024
10:51
Just peaked at 223 it looks like a positive break outTime to buy into the rally
ch1ck
22/7/2024
10:21
As an aside Bosch have :-

Q1 2025 Earnings Release (Projected)30th July.

Annual General Meeting 7th August.

skinny
22/7/2024
09:52
Well you can be sure CWR weren't going to delay their trading statement. But obviously had to update the market with the good news.
bjfanc
22/7/2024
09:23
Worth a read :-
skinny
22/7/2024
08:15
Once again Sellhighbuylow lives up to his name.People close to the company knew the deal was on the table and it was leaked hence the unusual buying patterns.Up twelve percent already today this will continue to climb due to the very clever press release which will announce the new partner in August
ch1ck
22/7/2024
08:14
Bmel, where did you see the 7th - the RNS mentions early August.

At the Partner's request, further details are not expected to be disclosed until early August.

skinny
22/7/2024
08:00
Yes. This is the part of the RNS that mattered. Good news indeed.
andre
22/7/2024
07:46
Because the OEM has asked them not to until 7 August. Presumably because they want to make an announcement of their own and as they are the customer . . . . We go along with that and a second announcement of our own.
bmel
22/7/2024
07:31
why dontthey just say who oem is
ben chod
22/7/2024
07:28
This sentence alone whets my appetite.Consequently, the Company increases its revenue guidance for the year ending 31 December 2024 to the range of £50-60 million, based on the contracts secured to date. "based on the contracts secured to date."More to come and could they be this year?
wilmer100
22/7/2024
07:25
that chart is off thescale or isit a crowdstrike update
ben chod
22/7/2024
07:01
Extended opening auction bodes well.
skinny
22/7/2024
06:20
It's either Chinese or Japanese
mirabeau
22/7/2024
06:19
We'll all be able to speculate as to who and why the delay is necessary ;)
richpassi
22/7/2024
06:14
Not for long though!
skinny
22/7/2024
06:07
We will sign the agreement but please don't tell anyone who we are !
richpassi
22/7/2024
06:01
Highlights

· Global OEM Partner - secures another partner for Ceres with the scale, expertise and resource to manufacture advanced equipment for the growing green hydrogen sector

· Significant Revenues - the agreement provides revenues for licence fees, engineering services and hardware over multiple years, similar to the profile of previous OEM licences

· Royalty Payments - the agreement also provides for royalty payments to Ceres on future commercial production and sale of SOEC equipment to end customers by the Partner

At the Partner's request, further details are not expected to be disclosed until early August.

Trading Update

Ceres also provides a trading update, with interim results for the six-month period ended 30 June 2024 expected to be released on Friday 27 September 2024.  

· Increased full year revenue guidance of £50-60 million

· Revenue for the first half is expected to be in the range £27-29 million (H1 2023: £11.7 million[1]), more than double the revenue of the prior year comparator six-month period

· Gross margins in the half year increased to around 75-80% (H1 2023: 62%1)

· Cash and short-term investments were approximately £126 million as at 30 June 2024 (31 December 2023: £140 million)

· The corresponding cash outflow of £14 million in H1 2024 represents a reduction to the cash outflow in the same period last year (H1 2023: cash outflow £21 million)

Momentum in the business is strong with today's agreement being the second major license deal and new partner signed this year following on from the manufacturing collaboration with Delta announced in January 2024.

Consequently, the Company increases its revenue guidance for the year ending 31 December 2024 to the range of £50-60 million, based on the contracts secured to date.

Commenting on the new partnership Phil Caldwell, CEO of Ceres, said: "We are making great commercial progress this year, and I am particularly excited by the advances in our highly efficient and differentiated SOEC electrolyser technology, which is now being adopted by several leading global companies with the manufacturing, supply chain and balance sheet strength to bring this technology to market at scale.

"This builds on Ceres' strategy to establish partnerships in regions with strong manufacturing capability coupled with ambitious targets for the use of hydrogen for industrial decarbonisation. By licensing our best-in-class solid oxide technology, Ceres is establishing its clean energy technology as the industry standard and, through its partner network, is building towards delivering decarbonisation at the scale and pace needed globally for the energy transition."

Ends

skinny
18/7/2024
05:33
Higher Lows and Lower Highs

Is in the lap of the gods as to next move.

For now treading water again one where spread widens on any sign of buying or selling interest

Have got a small position but has been underwater since day one so any move up would be welcome.

The limited trading gives me pause so will just keep treading water

Sink or Swim

jubberjim
15/7/2024
08:18
Something more positive.
smokey 1o3
11/7/2024
18:56
Thanks sellhigh. So helpful. Numpty.
tractorhead
11/7/2024
12:26
The first time . Not all the times after ;)
1teepee
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