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The ITM drop is much more likely to be due to yesterday's announcement that the Hydrogen project that they are part of has dropped out of the first round of UK Government subsidies.

It is a shame that boards like this seem to always prefer discussing conspiracies rather than facts!

Ade, I'm guessing you mean scraped rather than scrapped?

Haggis, re Acciona you say: "Most likely I see them buying, as it will reduce the CAPEX". Surely buying any capital item can only reduce the CAPEX if buying the item allows them to forego buying an alternative, more expensive item, or allows them to sell a Capital item for more than the cost of the purchase? Neither is likely to be the case in this instance.

Chrismar, a number of the companies on your list are DVRG subsidiaries. It is interesting that while the DVRG directorship was resigned, those on the subsidiaries appear to remain in place (unless the Company Secretary is asleep at the wheel).

Pokerchips, how can you say: "The cash flow and working capital needs are probably pretty much the same anyway ... just the shareholders were led to believe customer payments were due to come into the business a lot sooner than the contract reality actually showed"? If about 50% of the revenue is delayed, there is a very big impact on cash flow.

K3VMC, you might want to read that RNS again... The £10m is expected to "be recognised as turnover in 2023 AND 2024", so not all of it in this financial year.

Boffin, please remember that the share deal is with ABB E-mobility, an 80%-owned susidiary of ABB - not with the parent company itself. ABB have the stated aim of listing E-mobility separately, through an IPO. This changes the dynamics slightly, reduces the overall pot available and probably makes it less likely that E-mobility would want to spend more cash on increasing its stake in AFC.

I wish this site had an edit function! My last post was in response to stoater.

Perhaps, but why would they not make that explicit? Part of the Versarien technology and experience perhaps lies in the ability to make complex shapes with 3-D printed concrete and it is entirely possible that this part of the skill-set has partnership value to others such as Costain, even if the concrete does not contain graphene to strengthen it. I just find it very strange that a company that wants to trumpet the benefits of Graphene in general and graphene in concrete in particular, wouldn't mention it, but would state that it was AACM material. It would be like trying to sell a jam sandwich and only mentioning the bread!

Also the

Reading today's Costain item, there is no mention of Graphene, just Versarien's technical materials expertise. So is this is a an example of not using a graphene concrete, but simply a 3-D printing job where the shape allows for the absence of steel? It's not completely clear (at least to me!) from the RNS...

https://www.linde.com/news-media/press-releases/2022/linde-to-increase-green-hydrogen-production-in-the-united-states

So we have "Modern Water will focus primarily on markets in China, South Asia and EMEA. Labskin and Skin Trust Club will primarily target the North American market."

That kind of leaves out the home market? What is the plan for Europe?

Mr A - made senswe to me! But I was reading the wrong bulletin board!

So...if my maths is correct the end result is (very roughly) a 4:1 dilution?

Well, I bought more this morning! Managed to get the first trade of the day, at 1.99p . Of course because that was lower than the previous close, it is showing as a sell rather than a buy on here!

Yes, I am on-board with your IF scenario. I wouldn't have bought more otherwise!

"I reckon a lot of PIs want to average down but are holding fire until there is a bit more clarity; so, the SP could easily jump by 2x-3x IF the news are good - IF !!"

LTbeliever, I doubled-down when it dropped to 3p, but sadly that only takes my average to 9p, so I'm definitely hoping for your "3x IF..."!

I'm in this share for the water side of the business, so less interested in the skin stuff. However, surely one of the main value features of STC is that it is independent of the big cosmetic producers? Once it is owned by a cosmetics firm, it loses that "whole of market" operation.

He'll be 63 at that point so retiral is perfectly understandable...and according to Companies House his residence is already in Spain!

Taskmaster, while Obama's propane tank makes good headlines, it is perhaps a bit over dramatic. As far as I can calculate, that tank will be 9,500L. That is three times the size of my kerosene tank for central heating a three-bed stone cottage in rural Scotland. But propane only provides 70% of the heat output of kerosene, so Obama's tank is only a bit over twice the energy storage of my domestic installation and probably smaller than the hotel along the road. Yes, it would have been good for him to show some energy leadership, but it hardly makes him the worst ever offender in climate terms.