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Ceres Power – Do Not Get too Excited by RNS Today – Still almost certaintly worthless

Tom Winnifrith
Tuesday 6 November 2012

On October 6th I explained why at 2.205p AIM listed fuel cell company Ceres Power (CWR) was almost certainly worthless. My target price then was 0p and although the shares are up by 42% today at 2.4p the target price remains 0p. The issue is cash. Or rather lack of it. I think the Bulletin Board loons and assorted green investors are well ahead of themselves and here is why.

on TradingResearchPoint | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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