Well I did expect multiple announcements over the coming couple of weeks but have to say I read this with some disappointment.
Yes, it may be true that a rising tide lifst all boats but an English company buying green hydrogen from the other side of the world.
Pictures last week of Boris refueling a JCB machine along with Lord Bamford. What on earth were they talking about??
bilbo - do you not think that they might well be waiting for all the media attention of COP26 as being the ideal opportrunity to suddenly announce signing of multiple contracts?
Presumably if they're not "signed" then they don't have to announce.
I know I'm naive but that's what I'm pinning my hopes on.
https://www.investorschronicle.co.uk/education/2021/10/25/fever-tree-a-lesson-in-glamour/
Tipped by Questor today as one of four funds to insulate us from market swings:-
https://www.telegraph.co.uk/investing/shares/questor-complete-wealth-preserver-portfolio-four-funds-insulate/
I'm pinning my hopes on the idea that they will be waiting until COP26 is underway to announce new contracts.
Surely ITM and their customers in the wings are going to want to make the most of all this attention on what's happening in Glasgow in just over one week's time.
They must have fairly solid idea of impending orders to have announced scaling up from 1GW to 5GW.
Or am I being over optimistic (again)?
Ah well Mazzno - I must need new glasses then because I read City AM quoting Rob Pitcher as saying "“One week we have a problem with fresh fruit and veg – the next it’s ‘is all the vodka turning up?’”
Obviously, as a holder of the shares I'm hoping that you're right and it's simply a journalist making mischief and that there is no problem whatsoever.
Here you go Mazzno - https://www.cityam.com/bar-staff-worry-about-vodka-deliveries-amid-driver-shortages/
https://www.ft.com/content/29b31d4b-6b71-4cef-8f1d-236904e2e6b8
Graham Cooley says ...........As a result its tender pipeline had exploded.
“Demand in the market is very, very strong,” he told the Financial Times. “We will rapidly need further capacity”.
OK - I know this is being simplistic - but for £250M we're going to end up with 5 times the capacity - and in three years time!
I'm sure many of us were expecting another Bessemer sized operation next door to the existing site. I wonder if the 5GW is going to be spread out a bit (Australia/Americas etc.)
"Should do away with any more placements"
Why? The way I read it is that Blackstone are investing in the Management company (not SONG) so if and when they come up with great catalogues to buy then if we want to participate we may well need further placings (once what remains from the last placing is all used up).
Or maybe I misunderstand.
Hmmm. Not sure about MM acting as an advisor to a third party effectively doing the same as SONG.
OK, SONG has the right to co-invest in any catalogues that MM gets for Blackstone and Blackstone's $1B gives him a lot of firepower but still.....
Yes, I think I realised that. What I meant was that "just in time supply chains" are now dead in the water so don't rely on supplies coming when you need them. Get plenty of stock in when it is available and then continue ordering as normal so that you have a meaningful buffer for those weeks when supplies are a problem.
Yes, I'm sure they are doing that but the past year or so has proven that people don't always do what is obvious.
Listened in to a podcast of interview with Jacob Rees Mogg earlier today and he was very big advocate of hydrogen. If they haven't already, ITM should invite him up to take a tour of the factory.
He surely mixes in the right circles to push the message.