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My thoughts too Bilbo.

The significant aspect of this is the lack of suitable chargers. My understanding is that these require extremely heavy duty grid connections but perhaps those with greater technical knowledge can comment further.
https://uk.finance.yahoo.com/news/volvo-electric-lorry-travel-600-123133051.html

https://www.bbc.co.uk/news/business-61406077

I have thought for a while that SSE might be on the radar of one of the big energy players and the GLO takeover certainly plays to that scenario. I would imagine that many companies in the power generation sector are potential targets now. Worth being invested I would say.

Well the market certainly liked that

Hard to believe that years ago Vodafone bestrode the London market with a valuation of over £200 billion. Since then it has been a steady story of value destruction. I have hung on the line for a long time now but I do wonder whether someone should put the company out of its misery and just break it up.

The market is waiting for the half-year results tomorrow before making a judgement on the overall outlook for the company. The last set of results were well received but nobody really knows what will happen this time. Hence to muted reaction to the weekend's news.

Kentboy, ITM has been a frustrating investment for as long as most of us can remember. Bilbo has highlighted the complex structure which makes a full takeover of the company problematic. However, the chances are that light will eventually appear at the end of the tunnel. A report on today's Times features a recent study which concludes that a huge increase in hydrogen production will be necessary over the next decade to absorb the excess power produced by the rapidly growing renewable sector. ITM will undoubtedly share some of this and the company has already stated that growth will be constrained only by manufacturing capacity, hence the new factories. We are still in the heavy investment phase unfortunately, which explains the underwhelming results and high cash burn. If we knew when that would change then we would all be millionaires.

Looks like a fair assessment, I would say.,

I remember all the hype in the 70s when the JET project was announced at Culham. It was the energy technology of tomorrow and as far as I can see it still is.

Inclined to agree with you. In no other market would it be possible to borrow assets without the owners express permission and with the deliberate intention of devaluing it. Unfortunately the banks make too much money from this for it to be stopped but it's an iniquitous practice.

https://www.ii.co.uk/analysis-commentary/energy-independence-shares-benefit-green-energy-boom-ii523166

Interesting article. The recharge times for heavy trucks sound very uncompetitive and there will have to be a significant advance in battery technology before hauliers will be interested, given the additional weight penalty. Most articles that I have read on the subject have come down firmly on the side of H2 for heavy transport but clearly the lack of infrastructure remains an issue.

Not being a digital subscriber, I missed that conversation but hope that Ian is right. Like myself, he has been in ITM for the long haul and my feeling is that this is still a company to stay with. The brokers' target prices are all over the place and I wouldn't take too much notice of those. The H2 market is still in its very early stages and at some point there must be some significant news to support the share price.

Bilbo is correct in saying that current trading has little to do with the shre price level. It will be interesting to see how the turnover looks on Thursday because that will give some indication of the state of the green hydrogen market. It's all taking longer to gain traction than many of us have hoped, which explains the market's impatience with ITM and the other H2 stocks. This is an industry-wide slump in investor confidence and until we see some genuine uptick in orders that will probably continue. It's early days yet.

I seem to remember that ITM are involved in a scheme in Orkney so no surprise to see them on the road north.

Having sampled one recently, I can attest to the quality of what they offer, an amazing bargain at the price. Although it was free in my case, I would happily have paid £9.50. Having said that, the whole Premier Inn experience has always been very good value for money in my experience and long may it remain so.

Unilever certainly seems keen, despite the inevitable share price fallout. The big question is whether other companies enter the bidding.

It should be noted, yet again, that the hydrogen sector as a whole has been affected by the share price fallout. CWR for example has fallen even more that ITM and the other electrolyser manufacturers have fared no better either. Who knows when sentiment will turn? Hard to say really but some big projects/orders would help.

This confirms my worst suspicions about biomass
https://www.bbc.co.uk/news/business-59546278