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Shell has projects going on in different parts of the world with different companies. I'd not let a project with Ceres make you think they don't have a project or indeed a very clear contract with ITM
Watching the share sounds too stressful for me. I set upwardly trending limits for all my stocks and let them bounce around within those limits to their heart's content. I only get involved when they break through those limits.
SimonV, toneman - thank you for the responses.
Don’t look at the price much Bilbs? I know you hold quite a few so whilst I hate the word that makes you pretty “cool” !
Yeah sorry 350. I don't look at the price much, just saw a 2.
From memory Linde bought in at 40p but have participated in latter raises , last one £4 ? For what it’s worth I doubt ITM will be bought out but if they do it will be for considerably more than today’s price. Forget the 40% which in my books means £3.50 not £2.80?? Word will get out and the SP which currently has its braces caught on a door handle will spring back. The potential and opportunity remains sky high here so I would be hoping for nearer £10 than £3.50 In all honesty that is still small beer when you look to the future. All IMHO etc. etc.
lejjb, Linde first bought in Oct 2019 with 95m shares at 40p (£38m for 20% stake). They were dilluted in the next funding round in Oct 2020 when Snam bought 12.7m shares at £2.35. Linde participated again in the funding round of Oct 2021 buying 5m shares at £4.00 (£20m to make up to current 16.31% stake).
Lejjb, Iberdrola and BP are to collaborate in EV charging infrastructure and green hydrogen production. I think Iberdrola may already have a preferred electrolyser supplier?
Shell are currently working with CERES.
toneman - do you know at what price Linde acquired its shares in ITM please?
The top 7 shareholders hold just over 45% of the stock. Looking at the list, it's hard to see them having any inclination to sell out to a big oil firm. If anything, it would have to be Linde deciding if it wants to buy the whole business. I suppose that could happen, but I still feel that Linde is too close to blue hydrogen to justify a full ITM buyout.
https://itm-power.com/investors/shareholders
I got my list from existing share holders. The 7 sisters don't often buy non ffuels together. Shell have shown great interest in recyclables. Total and BP play at it. SNAM don't need to own. Linde don't know what to do with it and JCB are in another part of the forest. Yes premiums can be bigger and smaller.
TBH, let's not speculate too much either or we can end up whipping ourselves up into a frenzy - it's happened so often on many other boards.
As bilboburgler himself told me last week, people have worked hard to keep this board civilised.
Let’s hope it’s over £4 before a bid comes in and then the premium will be more interesting…
For those with a decent capital gain here the lack of dividend in the years ahead is a pain. The advantage of a takeover, if transacted for shares, is most oil majors pay a decent dividend…
All speculation of course, but that’s what we are doing here.
Another massive incentive for BP and Shell specifically is the (partial?) exemption on the windfall tax allowing oilies to reinvest in themselves not to pay that additional tax. I don't know about other oil companies registered abroad but operating in UK territory however.
Where do you draw your list of likely candidates from? Did you read the FT article I posted?
There's also BP and Total that have been splashing out on windpower, in the North Sea itself IIRC.
And the scale of Ted Baker's leaps last year (March-April 2021) shows that 40% is by no means a rule of thumb: it went up from 98p to 157p approx. Acquisitions are made on the basis of the expected long-term value.
unlikely, purchase premiums are normally only 40% or so, so roughly 280. But if there is a bidding war, maybe you could get to 350. Likely candidates are Shell.... that's it.
Nice if so ITM could jump to 700 to 900
Partly based on the FT article from last weekend that I posted 1-2 days ago, I suspect (but this is SPECULATIVE) that an oil major will buy ITM to complete its green hydrogen vertical integration.
Do you mean, could someone bid for ITM? Yes
Do you understand the complicated company structure and main shareholders of ITM-Power? While not perfect in anyway it does make full purchase a little difficult.
Could similar happen to ITM ?