Member Info for Beaford1

I mean…. QED 👋

“The market knows this” ?

And the share price…?

The share price is the market…

Sorry, thought this was a forum, my mistake. Enjoy life in your echo chamber.

As for the creepy “4 year break” comment… with replies like yours it might well be another 4 years…

I have approx 500k shares accrued since ITM was all but a penny stock and I retain a belief in the company (as you will know from having read my post so carefully) but I worry about the downside of government intervention (my prerogative which you are free to agree or disagree with) and am unsure yesterday’s news was the hum dinger others assume.

I have 500000 reasons to hope my caution is unwarranted but let’s try and be civil shall we….?

One other concern I have about yesterday’s news…. And I say this as an already long term (very long term…) holder…. Is that there may be a whiff of government intervention…. Which is the flip side to the positive GB Energy involvement…. I’m old enough to remember similar interventions by similar coloured governments in many other industries and it didn’t end well… for anyone involved least of all private shareholders.

I want it to be different this time…. I believe it probably will be or else I would sell…. But yesterday’s news without solid orders has clearly been perceived negatively by the market and I fear they may be onto something….

I want to like this news…. But I am concerned it might reflect or at least be perceived as reflecting an acceptance of a sales problem which might not be resolved with a new partnership but will in any event come with a management integration headache and possible corporate distraction and dilution…

Or it might work perfectly with imminent sales news.

Either way I can unfortunately see why the market reaction is one of caution.

JCB and family….

https://www.telegraph.co.uk/business/2022/08/31/andrex-maker-power-toilet-paper-factory-hydrogen-gas-prices/

Startup’s Hydrogen Breakthrough May Give New Life to Coal Plants
https://www.bloomberg.com/news/articles/2022-08-18/australian-lab-turns-hydrogen-into-green-energy-with-secret-catalyst

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.

GC on Twitter:
https://twitter.com/drgrahamcooley/status/1552974957910556674?s=21&t=9iRzh1e6EbNBIE-1UH6eNQ

https://www.telegraph.co.uk/business/2022/07/24/hydrogen-refuelling-station-open-british-motorway/

https://www.gov.uk/government/news/hydrogen-champion-appointed-as-government-accelerates-uk-hydrogen-investment

https://www.telegraph.co.uk/business/2022/06/30/hydrogen-powered-electric-trucks-made-britain/

Unhelpful….
Miracle Fuel Hydrogen Can Actually Make Climate Change Worse
https://www.bloomberg.com/news/features/2022-05-31/hydrogen-fuel-investments-could-risk-making-global-warming-worse

Billionaire Eyes Washington’s Last Coal Plant for Green Hydrogen
https://www.bloomberg.com/news/articles/2022-05-13/an-australian-billionaire-is-eyeing-a-us-coal-site-to-make-green-hydrogen

Hydrogen Is Every U.S. Gas Utility’s Favorite Future Savior
https://www.bloomberg.com/news/articles/2022-05-02/will-hydrogen-save-u-s-natural-gas-utilities-investors-certainly-hope-so

U.S. Earmarks $504 Million to Back World’s Largest Hydrogen Hub
https://www.bloomberg.com/news/articles/2022-04-26/u-s-earmarks-504-million-to-back-world-s-largest-hydrogen-hub

https://www.telegraph.co.uk/business/2022/04/24/project-napkin-rolls-royce-heathrow-partner-supply-hydrogen/

https://www.rechargenews.com/energy-transition/uk-to-finalise-world-s-first-national-subsidy-for-clean-hydrogen-production-by-end-of-the-year/2-1-1200842

And so on…..

“ The Kwarteng plan makes any sense only if the excess power generated at night, at the weekends, or whenever renewables are producing at full throttle, is used to make green hydrogen through electrolysis. The Government has made a down payment on this, doubling the clean hydrogen target to 10 gigawatts by 2030.

Britain is a global leader in this technology, which uses electricity to split water into hydrogen and oxygen. ITM Power has built the world’s first gigawatt factory in Sheffield, where it makes proton membrane exchange (PEM) electrolysers. It is building a second gigaplant nearby to meet exploding global demand.

“We have halved our cost of production over the last three years, and we expect to halve it again over the next three or four years. It is all about scale,” said Graham Cooley, ITM’s chief executive.”

Ambrose EP on the money as usual in The Telegraph:
“This plan would have been dead-on-arrival before the prospect of green hydrogen at viable cost, and before the world was ready to start switching steel, fertilisers, cement, ships, planes, and lorries from a fossil base to clean hydrogen.
But the world is ready. The eye-opener at the much-maligned Cop26 conference in Glasgow was to hear global industrialists explaining how close they are to taking the leap. The German steel group ThyssenKrupp said it would never again build a blast furnace: it would switch from coal to green hydrogen using a different (DRI) technology.”
And so on….