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LOL
lots of people like to avoid their responsabilities. :-)
My thoughts
1) Republicans are screaming that the US cannot afford the debt that is funding the green deal. Luckily no one is listening
2) Subsidies to fossil fuels mean that grey hydrogen will be cheaper than green. (.)
3) setting the cap on methane at 1/3 of the cap on electricity charges means that heat pumps will always be more expensive than domestic boilers (which is why local town heating is the main uptaker of heat pumps)
4) Agree that turning off wind farms is crazy, but implementing massive energy gas storage is a critical solution to this. "Oh no we closed our last big gas store.... oh let's store CO2 in it". Scientific thinking seems to be disconnected in Westminster.
5) The reality is we cannot afford to go green, but also we cannot afford to not go green. This dilemma seems to be a problem in Westminster, We can never afford to solve our future problems right now in this tax/charges environment, but if we change the tax/charging environment we will see that we have to change our futures right now.
Well my MP is labour and I wouldn't trust him to pick his nose.
This government, seem to blind and deaf to the optics of what they do. I trust Sunak that we cannot afford net zero. I also believe we cannot afford not getting to net zero. Both things can be true.
Wrote to my MP, not holding my breath.
Both parties recognise that investing in one's future in ten years is not a vote winner compared to the needs of today. This is pretty normal human behaviour, see also boiled frogs.
Our job is to convince them otherwise.
You have to be a little careful with Chinese sourced news. They don't have a free press and bully neighbouring countries over anything, part of the pleasures of living near a one party state country. Note also "which may contain 22 billion becquerels" MAY be the operative word. Without pushing back about the leaks, what exactly are they supposed to do with this stuff?
We are pleased to announce James Collins as our new Head of Business Development.
In his previous roles at ITM leading Investor Relations and most recently Corporate Affairs, James has already been active in leading discussions with customers, investors, funding agencies and government stakeholders. As Head of Business Development, James will focus his experience on leading our customer engagement activities to accelerate the growth of our pipeline.
“I am excited to take on this role. ITM clearly has the best PEM technology in the market today and the opportunities for our growth are vast as the green hydrogen economy accelerates. Our products can now be sold and deployed into most regions around the world, and I look forward to driving customer engagement with ITM and making a contribution to our future success.” James Collins.
Until ITM get a steady postive cash flow from sales and shipping/installation this share will continue to follow the wind where it blows. Please don't be surprised by the movements. It is now a much better machine in terms of design, manufacture and support in the field but it lacks sales. It mainly lacks sails because the governments of the world are failing us.
So that sort of asks the question, what is Dennis doing about this and what can he do? I guess keep making strategic partnerships and then lean on those partnerships. What is sHell actually doing to up green hydrogen usage (basically nada apart from one tiny unit in Amsterdam)? What is Linde actually doing to up green hydrogen usage (basically nada apart from two trials)? What is SEMA actually doing to up green hydrogen usage (nada).
Over to you Dennis. What can you do to win a stream of orders?
Fear
I remember when I was told in automotive that we should not fear the Japanese (in the 70s) and I watched them ruin the corporation I was in. Recently I was told another hi-tech UK business should nto fear the Chinese and ... guess what... I always fear the enemy especially one with a controlled economy, low costs, an import ban (cultural or by law) and great education. Doesn't mean we give in, but it does mean ITM has to up its game. In the short term some sales would be nice. Right now the Sp is balanced on fog and mirrors.
Chinese make many different types. But.... Chinese government steers tehnology to be followed because many MPs (or similar ;-) ) are engineers not Historians. Hence they will solve the technology, it just about when. Politics, friend-shoring etc will be the future for a bit, the markets for sales though will be world wide. Missing out on supplying into high CO2 generating countries will be dissapointing. Not everyone is West or East an lot of custom will come from the true non-aligned.
The valuation of this business is tricky because it has failed to get to Unicorn status over 15+ years. It is ahead of the game and the market. For me the dangers are the Chinese work out hoe to do it as well but cheaper. If they do then ITM is worth the cash in the bank. If they don't and ITM keep developing a moat of services they could become a serious player.
So you bet's your money and you takes your choice. This is, at the end of day, not a plodding 15% a year investment, this is closer to a bet with returns of 100s%. If Dennis's work on expanding the geography of his distribution network so it clicks into place during 2024 then the bet will have been won.
One the pleasures of this thread is the quality of the comments and despite today's excitement and end of term feel there are still some pro/quality responses. Then there are those whose who rather than hiding their ignorance by keeping silent demonstrate it by repeating stuff. For these I have the opportunity to raise my filter level to 200 people.
You must have heard of Amazon
Long term holder bought sub 40p sold north of 600p, bought more at 45p. Not sure I agree on your short term view.
Good, no surprises. First rule of RNS, no surprises.
Income from capital, good, at least they are maximising the benefits of all that cash
Lots of sales expansion words. Good.
I'm not sure if this has already been posted
"Today we had the privilege to welcome the Chairman of Kawasaki Heavy Industries, Ltd., Yoshinori Kanehana, with a senior delegation, among them Hidenori Imaoka, Managing Director UK.
Kawasaki, founded more than 145 years ago in 1878 and headquartered in Tokyo and Kobe, generates an impressive $12bn of revenue annually. Kawasaki is one of the few companies offering proprietary technologies along the entire supply chain of hydrogen production, transport, storage, and use. The company puts a special focus on the potential of shipping liquefied green hydrogen.
Yoshinori Kanehana also serves as Co-Chairman of the Hydrogen Council, along with other influential CEOs such as Sanjiv Lamba of Linde.
Our CEO, Dennis Schulz, comments: “It was an honour to host our valued guests from Kawasaki – a company with a long history, and an important player in the hydrogen industry. Japan is emerging as a vibrant market for green hydrogen, and we are delighted to strengthen our ties with leading Japanese companies.”"
I've read around the Kawasaki website and they certainly would be a good fit with ITM or even Linde Engineering. Certainly better than Siemens. I see the visit as pretty significant as their sales teams are all about selling engineering not about selling gas with a bit of engineering. At 45p it would be a good time for factory close to Japan.
Thank you, I suspect you are wrong, the Oil Giants are not moving at all, they are pretending to move, sHell for example are using tiny amounts of capital in preparation for when the local government insist that they do move, but no, I do not see any evidence that they are moving and I spent a fair amount of time in the Oil industry to know that their marketing teams are more than capable of painting black walls white. Do not believe the flimflam, watch what they actually do. Exxon for example is trying to limit the voting powers of actual shareholders who want them to move even slightly green. The oil majors have done a brilliant job of pretending to move green while actually doing the reverse and getting their hands on the controls. The last COP chair was an oil man and the next COP chair will be an oil man. Read what they have said about climate change and what they actually do.
I'll make my own investment choices thank you.
Kawasaki Heavy has delivered a green ammonia transport vessel, https://www.offshore-energy.biz/kawasaki-heavy-delivers-lpg-fueled-lpg-ammonia-carrier-to-eneos/ Kawasaki Heavy would be a good fit to ITM and certainly might want say 10% of the shares.
Oil Giants are NOT moving in our direction, which is one of the main problems.