Member Info for Digitalis

Spicy, please stop spreading misinformation. The saying is very clearly "brass tacks" nothing to do with taxation. Please be accurate.

Wookie, what are you concerned by? The sp is still higher than it was 2 weeks ago on 1st July - it is just currently at the bottom of the new channel it broke into. No reason to assume it will go lower nor that it should go up significantly - it is just oscillating in the channel. Volume is fairly low today for recent weeks but not non-existent. Just treading water, deciding what to do. In the absence of any new announcements, that seems normal to me pending the interims in 4 weeks time.

Nuclear waste is not as large a problem as the media portray it to be. Government ministers don't employ anyone (in fact they find it almost impossible to remove incompetent civil servants let alone ones that just won't do their job). Very sweet that you seem to think that someone who's only skill set is winning a popularity contest, knows anything at all about the department they are supposedly "running" when in fact they are just an "aunt sally" designed to hide the civil servants from scrutiny. If ministers actually employed them, they'd be out of a job every change of administration - but they aren't.

It is clear you have never been in the room when civil servants are presenting 3 bad options to a minister for them to "decide" on. Equally, you haven't followed that HS2 was proposed in the mid-2000s by civil servants to Blair/Brown and was opposed by Cameron until he became PM, was opposed by Johnson until he became PM, Smart Meters were proposed pre 2010 and opposed by Cameron while in opposition, then proceeded with. The disability PIP proposals were originally announced while Sunak was PM. I could list loads of other examples but the aphorism "advisers advise, ministers decide" wasn't true even when Thatcher uttered it.

It would be a lot easier to transition to fully "clean" sources if we stopped adding to the energy requirements by the mass proliferation of data centres holding data that isn't required to solve problems we didn't have, and the ones we do have can be solved with pen and paper as they just require action rather than analysis.

If you really think that any minister personally reviews every codicil of every contract when selling for example the entire nuclear generating fleet to a foreign country, or even reads it, you are mistaken. Ken Clarke famously admitted he hadn't even read the Masstricht Treaty.

Nuclear should still be part of the fuel mix, it is reliable baseload, providing inertia and frequency response requisite for a stable transmission network. The problem is, despite what they were warned at the time, civil servants decided that it was better to have mega-generators rather than dispersed smaller units (which are now on the cards to go back to with SMR) that were 3x the size of previous plants. Further, after Sizewell B they had run down the technical capability to build new sites and flogged the entire fleet on the understanding that 2 new mega-generators would be built - but they ineptly failed to get guarantees for that. So plants that should have been generating for 6 years in the case of Hinkley C or 2 years in the case of Sizewell C still aren't built.

And even if they were built, the transmission network couldn't cope with shifting that much power from where it was produced to where it was needed - same as the problem with wind/solar.

The issue with Nuclear apart from the waste/decommissioning - is that it is stable and consistent. It doesn't flex, which is what we need dispatchable generators for, to cope with morning/evening peaks. They will never go as people are predominantly diurnal, they sleep at night (even if they are shift workers, they want to sleep at night and suffer health problems if they don't). But civil servants in the Treasury think they can just decide people will work at different times, sleep and get-up and cook main meals on a staggered basis if they introduce 30 min Time of Use tariffs - they won't.

The solution is to build dispatchable plants which require an exothermic source - that is either fossil fuels or green wood or Hydrogen - there is no alternative TINA, despite what certain zealots would have one believe. Cannot rely on or use BESS as a sole replacement alternative as they are unreliable once they are discharged.

Therefore, if we want to get to a green and pleasant land again, we need nuclear, wind, solar and Hydrogen (and tidal) working in unison in a holistic system instead of siloing everything and thinking there is a single solution.

Never put all one's eggs in one basket. The problem is that the civil servants are trained to follow siloed thinking.

Generally speaking my days consist of NRL Rugby league in the morning, Cricket during the day, Super League Rugby in the evenings and Grand Prix at the weekends and a bit of Rugby Union whenever the internationals are on, interspersed with sitting in the garden watching the diverse selection of butterflies that are definitely up this year. Very occasionally I have to interrupt that with work for my clients but one has to carry one's burdens.

Well, it broke out 2 weeks ago from the 75-85p channel into the 85-95p channel (broadly speaking) and has been pottering along holding the old resistance level as support despite sizable volume (21million) the rest of the week. A nice pause for breath and consolidation at the support should provide a nice platform to kick-on from. If any news of consequence were to drop, then could lead to very interesting times.

Indeed and good luck Vamosbien, I have sufficient of a holding that a £5 price target, which isn't that unrealistic over the next 12 months, would clear my mortgage and provide sufficient capital to generate a decent income stream via less risky investments. Doesn't mean I'd sell at the level though, depends on my assessment at the time as this is not my only iron in the fire as one might say.

Respectfully, I think people are being led up the garden path on this topic. The most likely culprits for providing shares out to shorters are one of these:

Linde UK Holdings

100,000,000

16.20%

Hargreaves Lansdown

54,781,311

8.87%

Deutsche WertpapierService Bank AG

37,645,166

6.10%

Interactive Investor Services (UK)

36,004,216

5.83%

JCB Research

31,470,595

5.10%

Private Stakeholders (UK)

27,686,070

4.48%

ING-DIBA AG

22,328,874

3.62%

Commerzbank AG

18,861,206

3.06%

I know who I suspect but I shall keep my counsel on that. The point is that the major investors have a significant amount of capital tied up doing nothing at the moment, even while they are waiting for the future returns they expect which is why they invested. So they are likely to rent their shares out as they don't actually care what the point in time valuation is, but making some income off the investment makes sense. Either the company fails, in which case they've made some money, or it succeeds and any short term valuation loss will be corrected. In the meantime, they have made some cash.

It isn't brokerages, as a rule, lending out PI shares - HL certainly don't anyway and the risk to the brokerage of having to buy in haste to act on an individual investors whims is very high.

Are you sure that isn't LinkedIn's algorithm regurgitating posts? I can't see that he has posted anything since last week.

Thanks Bilbo, yes I saw that too - it is the connection between "he who cannot be named" because of the profanity filter, and the nanny state that I was unsure of?

Speaking of the state but segueing, I see with some relief that it looks like zonal charging is on the scrap heap subject to FID (cabinet final decision but I couldn't resist, for some reason)

Well, I just quoted the report - but is there an issue I'm unaware of (I knew about Mcphy and the acquisition)

Ahh thank you Bilbo - I have been patiently waiting for someone to give me an opportunity to post the lyrics of the inestimable Swing Out Sister...

When explanations make no sense

When every answer's wrong

You're fighting with lost confidence

All expectations gone

The time has come to make or break

Move on, don't hesitate

Breakout

Https://www.openpr.com/news/4097451/hydrogen-electrolyzer-market-an-analysis-of-size-shares

The hydrogen electrolyzer industry is rapidly gaining traction as global energy markets accelerate the shift toward sustainable hydrogen production to meet net-zero emission targets. Demand is particularly driven by governments and industries looking to decarbonize sectors such as power generation, transportation, and industrial raw materials. This surge in adoption is underpinned by aggressive investments in green hydrogen infrastructure and supportive regulatory frameworks worldwide. The Global Hydrogen Electrolyzer Market size is estimated to be valued at USD 1.75 billion in 2025 and is expected to reach USD 40.12 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 56% from 2025 to 2032. This formidable CAGR highlights the robust market revenue growth and expansion potential in this dynamic sector.

...

Key Players

The hydrogen electrolyzer market features key players such as Siemens Energy AG, ITM Power plc, Nel ASA, Air Products and Chemicals, Inc., McPhy Energy S.A., Cummins Inc., Plug Power Inc., Thyssenkrupp AG, Ballard Power Systems Inc., Enel Green Power S.p.A., Hydrogenics (a Cummins Inc. company), Proton OnSite (a Nel ASA company), H2B2 Electrolysis Technologies, Green Hydrogen Systems A/S, and Anovion Battery Materials.

• Siemens Energy AG strategically expanded its electrolyzer production capacity by over 200 MW in 2024, capturing critical market share through vertical integration of renewable power and electrolyzer technology.

• ITM Power plc successfully launched a large-scale electrolyzer plant in 2025, advancing market revenue substantially by reducing unit production costs by 20%.

• Nel ASA entered into a strategic partnership with leading utilities in Europe to accelerate hydrogen infrastructure deployment, resulting in a 30% revenue increment in targeted regions.

These competitive strategies exemplify how leading market players leverage innovation and partnerships to sustain industry share and drive business growth.

Growth Factors

• Accelerated decarbonization mandates globally, especially in Europe and Asia Pacific, fueled a 45% increase in electrolyzer installations in 2024.

• Technological advancements in PEM and solid oxide electrolyzers improved efficiency by nearly 18%, contributing to declining operation costs and market revenue growth.

• Rising demand for clean hydrogen in mobility solutions such as heavy-duty trucks and buses accounted for a 25% surge in market opportunities in 2024.

• Government subsidies and incentives in key regions, including the U.S. Inflation Reduction Act and European Hydrogen Strategy, catalyzed capital investments exceeding USD 3 billion in 2024.

Still holding the support level - looking good for consolidation.

Some interesting tie-ups and research from people here today. Cheers all.

Not sure this has been posted in the last few days but massive investment by Australian Government in Hunter Valley with ARENA funding:

https://www.chemanalyst.com/NewsAndDeals/NewsDetails/orica-secures-432m-arena-funding-for-hunter-valley-hydrogen-hub-37810

Decent volume of shares being mopped up at these prices, looks likes the support level is firming up at the old resistance level of 83-85p. Hopefully should just consolidate and build from here. Only just over a month until the results in mid-August.

I don't even agree they are the problem of shareholders. The issue is people getting too emotionally exercised by fluctuations in the share price and not stepping back and taking a slightly longer term view. The 6 month chart clearly shows a sustained upward trend that yesterday's drop is entirely consistent with. Just normal market behaviour.

And also assumes that the shares are in an ISA and you don't have to pay CGT

@GinandMilk, you want to turn £3000 into £69700 that is a 23.23 times increase. At 50p a share for the original purchase you'd need a sale price of £11-15 - £11.60 depending on exactly how many shares you have, your post was a bit vague on that.

Don't think that is at all likely September 2025 if you mean September 2026, then that is a long time anything at all is possible (but really unlikely, that is a mcap of close to £7 billion) in that kind of time frame - but if you'll excuse the pun, I wouldn't bet the house on it.

Indeed Bilbo - fascinates me when I see comments about the shorters manipulating. Don't think any such thing. Enjoy your nap for the next couple of weeks.