Member Info for Digitalis

Therefore, not detailed enough, right now - which is what I said.

Not sure what that means - I stand by my interpretation of this strapline on their homepage:

"We’ll publish more details about how to work with us as we develop our full business plan later this year."

Indeed and which in my view already justified higher than 80p valuation - nevertheless, as the thread title went, I was trying to keep it simple for the hard of understanding. There seems to be a real struggle with comprehending the concept of logical fallacies for some.

The GB Energy market is fractured and dysfunctional. National Grid is only concerned with the actual transmission assets now and is therefore incentivised to build more to increase the regulated asset base and so allowable costs, hence profit. Why the electrify everything mob have got us building bootstraps and pylons we wouldn't otherwise need if we had a proper holistic energy policy.

NESO (national electricity system operator) is incentivised to keep the frequency at 50Hz and the lights on, it doesn't care how it does that, so constrains wind/solar off happily as National Grid hasn't built the assets required to be able to transmit the power (which we wouldn't need if we made hydrogen).

GB Energy is a quango looking for a role, not entirely sure what the objective is to be honest, I think it is meant to be funding infrastructure build and presumably green, but not really detailed enough.

LCCC provides the contracts for the subsidy mechanisms that the green sources get CfD/HAR but is a law unto itself on how quickly any get delivered.

The whole system is absurdity piled on complexity on top of nonsense.

If only we had a central co-ordinating body, one could call it the Central Electricity (Energy) Generating Board

Spicy you are aware your thesis is based on a logical fallacy? Specifically the sunk cost fallacy? It is irrelevant what the share price was 3.5-4 years ago (notwithstanding that at the time people thought £4 a fair valuation) all that matters now is whether the share price is worth the current valuation or higher based on future prospects (or lower).

Balance of probabilities to many is that it is worth significantly more than 80p, not you, but that is just your opinion.

I topped up at £1 not recovered, yet, 48p showing 66% gain and 35p showing 128% gain, so I was right that it was worth it when I topped up at those levels and maintain that over the medium term horizon the £1 was a good choice too.

The only bit of your thesis that is correct is that had I held off on those 3 investment rounds until the 25-30p band, I'd have more profit but as I'm comfortable with a current 52% ROI so far, I'll hold that my position was valid. But then that is still an extension of the sunk cost fallacy copled with regret spend.

I still believe that over the medium to long-term £4 will be seen as a good investment price, I don't know the investment horizon of those original investors, do you? Making my original investment at just over £3 a valid choice over a 5 year horizon.

Based on the evidence, I see, the share price has more upside than you believe. Who is right, well, it is a gamble I am comfortable with seeing whether it pays off or not.

Ummm...

Do you mean it isn't?...

Oh...

I agree 2phevs, that was the basis of the argument I put forward with my first few posts a few years ago. Electrify everything as a model just doesn't work, the consumer resistance, the cost of heat pumps/EVs, the massive transmission infrastructure build out required even then retaining intermittency and frequency and inertia challenges, over-reliance exposure to infrastructure failure risk (storms), lack of reducing gas capability for the industries that need it, over-reliance on imports of ammonia for fertilisers etc. There are just so many reasons for hydrogen.

Maybe ITM could give them a loan? :-D

If they don't pay any wages that is :-)

@Satellite, last year's accounts for Helikon Investments Limited have been published. They make interesting reading, they had a very profitable year but extracted a sizable amount in dividend. Cash at bank as of 30th September 2024 will cover the exposure here up to £2/share.

https://find-and-update.company-information.service.gov.uk/company/12237605/filing-history

Just 7 weeks to go until the FY results. They are going to be illuminating, some more announcements between now and then, especially from Hydropulse could be very interesting.

Clean Hydrogen Chosen for Korean-style IRA Incentives

https://www.businesskorea.co.kr/news/articleView.html?idxno=245644

The government has selected clean hydrogen as the first industry to benefit from the Korean-style Inflation Reduction Act (IRA). This policy is designed to provide various tax reductions, including corporate tax, for companies that build advanced industrial facilities for future growth sectors within the country.

According to related ministries on June 26, the Ministry of Trade, Industry and Energy is reviewing optimal corporate tax rates and various incentive measures to encourage domestic production of clean hydrogen, assuming the implementation of the Korean-style IRA. Hydrogen energy is often called dream energy because it does not emit carbon dioxide during combustion, but the process of producing hydrogen itself generates greenhouse gases. Clean hydrogen minimizes even the greenhouse gases produced during its creation. According to Deloitte, the global clean hydrogen market is projected to grow to $1.408 trillion (approximately 1,910 trillion won) by 2050.

Korea moves forward with hydrogen reduction steelmaking technology development

https://biz.chosun.com/en/en-policy/2025/06/26/TLVWIASF6NCSRCRFGXHWRE7ZOM/

The government is beginning to support securing hydrogen reduction steelmaking demonstration technology that can simultaneously achieve carbon neutrality in the steel industry and strengthen the competitiveness of leading industries.

The Ministry of Trade, Industry and Energy announced on the 26th during the National Research and Development Project Evaluation Committee that the 'Korean-style hydrogen reduction steelmaking demonstration technology development project' passed the preliminary feasibility study. The total project cost is 814.6 billion won, with 308.8 billion won coming from the national budget.

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Based on the results of this preliminary feasibility study, the government plans to support a project to demonstrate a process capable of producing 300,000 tons of hydrogen-reduced iron and molten iron using powdered iron ore and hydrogen by 2030, as well as a project utilizing hydrogen-reduced iron in existing electric furnaces held by small and medium-sized enterprises. The government intends to convert the blast furnace to a hydrogen reduction steelmaking process based on the technology secured.

Korea pushing to build 2 hydrogen clusters in eastern regions

https://hydrogen-central.com/korea-pushing-to-build-2-hydrogen-clusters-in-eastern-regions/

Korea is pushing to build two hydrogen clusters in east coast provinces as part of efforts to foster the growth of hydrogen-related businesses, including hydrogen batteries, the Industry Ministry said Thursday.

The country will start constructing a special industrial complex for hydrogen storage and transportation across the eastern cities of Donghae and Samcheok in Gangwon in March next year, according to the Ministry of Trade, Industry and

A lot of very positive posts and comments on LinkedIn about it - if this materialises and re-rates as you suggest Jeff, it will be most welcome.

I think it is just referring to the FEED announced a few days ago

Strategic Partnership with Eternal Power GmbH just announced via LinkedIn

That's very interesting on the graph of the data - that would seem to contradict the narrative that has been circulated? And yep always good to be able to reach agreement on what can be agreed. Apologies for my rant, I get a little triggered on this topic.

That's amusing, I know someone who has managed to not work for 20 years who has a penchant for staffordshire bull terriers, maybe it is an identifying trait?

The problem is that PIP is meant to assist people navigating a society increasingly difficult for them due to their disabilities, but speaking as a recipient, I have had it stopped incorrectly 3 times, I know someone else who cannot get it, despite having severely lift limiting genetic ailments. While there are examples of people manipulating the system. That is not the fault of disabled people who are being maligned, it is the fault of a dysfunctional civil service in the DWP that cannot design and operate a process that works because they don't know their a@#e from their elbow.

To be clear, as I've mentioned before, I run a successful business from which I have contributed more in taxation over the last few years, then I did in total from 20 years employment previously. This allows me to work anywhere in the world and whenever I want to or am able to.

The solution is not to break the PIP process more and misinform the general populace that claimants are workshy, it is for the DWP to do the job it is supposed to be doing and correctly identify those swinging the lead and not give it to them, while supporting the people it is meant to be.

I hope we all wish it to be successful, please don't misinterpret my comments to mean anything else. They were just to temper and frame my expectations.

On one level, I viewed it in the same way as I would an IPO from a company saying "got this brilliant idea, chuck me a few quid and by this time next year, we'll be millionaires" - would I invest? Maybe, but not with much.

Morning @Bilbo, I know, it is a terrible habit of mine to use facts and evidence ;-) enjoy, the ONS website is a bit opaque and I usually find I have to google the codes used as they are rarely listed with the reports with definitions.

You say Toma(y)to I say Toma(r)to - more than one thing can be true at the same time.

Lots of projects struggle to reach FID - Hydropulse is aimed at helping those

ITM prospects are less exposed to those FID struggles

It is possible both those statements are true a bull says they are a bear says they aren't. Who is correct, time will tell.