Member Info for lejjb

https://www.globenewswire.com/news-release/2022/08/25/2504670/9619/en/Plug-and-Amazon-Sign-Green-Hydrogen-Agreement.html

Amazon granted an option to buy shares in Plug Power with a view to cooperating. That reverberates on similar companies such as ITM that may be viewed as takeover / partial acquisition targets now.

Damiansha: ultimately, when debt is about 30-40 times the market capitalisation and the company cannot service its debt repayment obligations, what do you think will happen?
Exactly that same situation happened with Vue which, albeit not listed, got effectively been acquired by the creditors. It’s still a fully functional chain, but the original owners had to relinquish ownership to the creditors, they had literally no other choice.

Damiansasha: timing is essential here.
McColl’s leapt up because of the belief that Morrison’s would (almost magically) rescue it even though it was crippled by debt. It didn’t happen and the company disappeared.
Revlon leapt up AFTER filing for bankruptcy protection because (1) US law allows for US listed companies to trade after that (I don’t think it’s the case for UK listed companies - please somebody correct me if I’m wrong) and (2) Morgan Stanley exploited the meme craze to buy a lot of shares (for peanuts) which made PIs pile En masse, thus driving up the SP even higher - but Revlon will still probably disappear because of its horrific finances.
So McColl’s rose because of half-believable takeover hopes, Revlon was pure manipulation.

All the best, you will rise again from this.

And yet ITM power isn't in it. Their new business / business development skill are total ****.

bilboburger is correct, out-of-hours trading in the US is much much much different from the UK. In the USA, the volume remains substantial and there are plenty of brokers that allow measly PIs to trade US markets out-of-hours, unlike UK markets.

Thus, I strongly recommend that you ignore the trades logged after 4.35pm (the UT - which is significant) as they never indicate which direction the SP will open on the following day.
(While in the USA, the movements of the SP after and before hours are more revealing.)

That's what I'm trying to figure out too but everybody is being quiet about it.

For me, the only realistic explanation is that a refinancing deal has actually already been sealed so a drop in the SP does not affect it.

And a sealed deal, as far as I understand, is the only moment when a company has to reveal it - not so much when everything is still at a "maybe" stage...

There might not be any equity left in 3 days TBH. For Mooky to allow an RNS like that to be issued, things must be very very very bad - from the same man who claiming he'd show Netflix movies in his cinemas about a year ago.

Yes, it would diluted as much as any other share holder's.

It is essential not to make assumptions and look at the published data (when available), it's not a question of belief: otherwise, you may get highly disappointed.
(Partly out-of-date) data from FT.com shows that the majority of shares is in free float.
https://markets.ft.com/data/equities/tearsheet/profile?s=CINE:LSE
And please remember that a lot of those organisations have offloaded over the past 1-2 years, as confirmed by the various TR1s issued.

Where did you get that there weren't many free shares about please? What is your source?

If shorters were exiting at a substantial level, the SP would go up, sorry.

For whatever it's worth, my sincere commiserations to all holders. I wish you all much better fortune ahead.

SimonV, toneman - thank you for the responses.

toneman - do you know at what price Linde acquired its shares in ITM please?

TBH, let's not speculate too much either or we can end up whipping ourselves up into a frenzy - it's happened so often on many other boards.
As bilboburgler himself told me last week, people have worked hard to keep this board civilised.

Another massive incentive for BP and Shell specifically is the (partial?) exemption on the windfall tax allowing oilies to reinvest in themselves not to pay that additional tax. I don't know about other oil companies registered abroad but operating in UK territory however.

Where do you draw your list of likely candidates from? Did you read the FT article I posted?
There's also BP and Total that have been splashing out on windpower, in the North Sea itself IIRC.

And the scale of Ted Baker's leaps last year (March-April 2021) shows that 40% is by no means a rule of thumb: it went up from 98p to 157p approx. Acquisitions are made on the basis of the expected long-term value.

Partly based on the FT article from last weekend that I posted 1-2 days ago, I suspect (but this is SPECULATIVE) that an oil major will buy ITM to complete its green hydrogen vertical integration.

https://www.ft.com/content/1dd75f4f-427e-41c2-9483-4550d96f9487
The story is moderately complex but overall that sets the mood shifts in favour of hydrogen production.