Member Info for JeffMills

?? “In addition, all green criteria imposed on European producers will apply equally to hydrogen imported from abroad”

“The actual texts, seen by EURACTIV, have yet to be officially published in the EU’s register of delegated acts.However, last-minute changes are not expected”

By 2030, hydrogen production must be matched to renewable energy production on an hourly basis. Until then, the correlation is set on a monthly basis.

By 2028, hydrogen producers must prove that their electrolysers are connected to renewable energy installations no older than 36 months.

“In principle, the European Commission expects the time and space correlation criteria to become irrelevant once 90% of electricity production in a given country comes from renewable sources.”

France wins recognition for nuclear in EU’s green hydrogen rules. https://www.euractiv.com/section/energy-environment/news/leak-france-wins-recognition-for-nuclear-in-eus-green-hydrogen-rules/

“It is of paramount importance that legal certainty can now at last be ensured so that investments can begin,” said CEO of Hydrogen Europe, a lobby group.
Until now, #hydrogen investors were ‘chomping at the bit’ to make final investment decisions in Europe”

10% worth of shorts closing would make this
fly up 100% heading north???

And re your point on the market share in the US / EU dropping. If you look back at the last statement, this argued this was due to "comparative strength"

Sales were literally compared to the years were shops were closed and we were forced to only shop online. Don't you think its crazy? IMO this has really shown up the stockmarket a bit. Share prices has collapsed because the algorithm no longer classes Boo as a growth stock because of an artificial boom. Pushing the revenue up at-least 2 years in front.

I believe the UK imports more than it exports.

Yes, the runs a trade deficit by around 50 billion. What do you mean by that though?

Volt-air.
The benefits of a weaker Pound depend on demand elsewhere in the world. If the Eurozone and US economies are struggling, then lower prices may be insufficient to lead to a big increase in UK export demand. You are comparing RR to Boohoo.

On the question re shorts.. we have had brexit, covid, ukraine/russia. Maybe they are betting on 2023 not being as smooth as we hope? Who knows.

Of course many imported items like food, petrol and electrical goods will become more expensive as the Pound weakens. This will push up shop price inflation. I think Boo is well positioned to rise with inflation with its low cost fashion.

Something what isn't up for debate is the fact the weaker pound is positive news for UK businesses who export goods overseas because those goods become cheaper to foreign buyers. This can help to increase sales massively in the US. Massive for Boo.

Very interesting article from 2017, the drop in the £ to the $ giving Boohoo a boost in its bottom-line.
Boohoos input costs in the $ were only 15% back then - the costs to create products, so I don't imagine that changing much over the last few years? Compared to 2017, the drop in pound to the $ is even more dramatic this summer.

A huge chuck of revenue in 2022 will be coming directly from sales from the US dollar, we are talking at 20%+ increase in margins when this is changed back to the pound. I think we can understand why doing a collab with a Kardashian was perfect timing?

Article: https://www.wsj.com/articles/BL-CFOB-12097

Thyssenkrupp creates and sell its own electrolysers. Hope that answers the question whether ITM will be involved.

Prospect from PEM to SOE is nonsense. The world will require many types, all requiring different materials. SO it is good that we are able to diversify. Johnson Matthey expects only 30% – 60% of electrolysers to be PEM.

A PEM electrolyser uses about one to two grams of iridium per kW electrolysis capacity. 1,000,000 (1 million) kW = 1GW. So we are looking at 1.5 million grams of Iridium for a GW. 1.5m grams = 53,000 ounces. An ounce of Iridium costs £4k, 4,000 x 53000 = two hundred twelve million pounds for Iridium per GW

Certainly not Mark.

Rare-earth metals needed for solid-oxide electrolysers have a much wider ranger then PEM, hence why Plug Power are not going in that direction — such as gadolinium, lanthanum, cerium and yttrium

Yes they promise efficiencies that could reduce electricity consumption, but they face even larger concentration of supply; almost 95% of the critical materials used in solid oxide electrolysers come exclusively from China

Platinum and iridium, some of the scarcest metals on Earth, are benchmark materials for the electrocatalysts in a PEM and SOE systems. The reason for the delay in production is because iridium is up 400% since 2020. South Africa supply over 70% of global platinum and over 85% of global iridium.

$6,100.00
per troy oz compared to
$1.300 in 2020.

We are down 6% on tradegate already with 14,000 volume.. ffs.
https://www.tradegate.de/orderbuch.php?lang=en&isin=GB00BMTV7393

IF revenue is down, so if profit.
This is a profit warning, however the market has clearly priced that in. Dropping 70%+ since April Knowbodyyouknow. What did you expect? Results aren't terrible so I can't see a drop today, but would be strange to see a big rise/rise on the back of a waring.

Votes today.

Votes today.

Results much in-line with exactly what I have noted. Can't see this moving much, a part from following the wider market today.

Qube Research & Technologies Limited reduced too..?

The 27 EU member states will be responsible for detection and enforcement and must respond to complaints by non-government organisations, companies and others. They will have to conduct an investigation and can request co-operation from the country producing the goods.

Officials accept it could be hard to find proof, especially if countries do not co-operate. But if there is a good likelihood of forced labour being used, member states will be able to seize products and ban imports. An official said the EU has lowered “the burden of proof” to help enforce the ban.

According to the paper, enforcement will concentrate on large companies, including manufacturers, producers and suppliers of goods, following concerns that small companies have less leverage to put pressure on suppliers and “fewer resources to conduct in-depth due diligence” on those companies.

Regulators also want to boost co-operation with countries outside the EU to make sure products using forced labour do not end up in the bloc, the draft said.

Earlier this month, the UN High Commissioner for Human Rights said the Chinese government had committed “serious human rights violations” in its treatment of Uyghurs and other Muslim ethnic minorities in Xinjiang.

China has denied it is abusing human rights in Xinjiang, one of the world’s largest producers of cotton and a key supplier of materials for solar panels.