Member Info for Montezuma

The planet would be much safer if the USA were contained. This is their war against Russia and has been since the CIA initiated the uprising in Kiev in 2014. The USA is using the Ukrainian People to fight its war with no loss of US soldiers. And they fell for it. I wonder how much the US are paying Zelensky to prolong his peoples’ suffering.

Done it. Stop Loss triggered at 335. Back in at 339.

With this sort of volatility where should I pitch a trailing stop loss?

If such a tax is levied I suspect “British Petroleum” may become “Expat Petroleum”.

Another group advocating the use of heat pumps for buildings. The question is which buildings? For offices and modern homes it is indeed appropriate. But for older properties built up to 1960 it will not work. I wonder what percentage of buildings these older properties represent? Does anybody know?

And imagine people in the North of England and Scotland now. They have no electricity. God help them if they also had electric cars. Truly scuppered.

Correction: “our houses” not “journey” houses.

I am concerned by the sale of the gas grid. All this talk of heat pumps replacing gas boilers is a knee-jerk reaction by the government and people who have not really tested this technology - it will not work for most of journey houses. We had hydrogen in town gas and we will, IMO, soon have hydrogen mixed with natural gas. This lower carbon fuel will be in demand and gas mains, transport and storage will be much in demand.

From Barclays:
Jefferies initiated coverage of ITM Power on Tuesday with a 'buy' rating and an 800.0p price target.

The bank said its preferred play on green hydrogen is the electrolyser companies and within that sub-sector, ITM is its top pick, offering 60% potential upside to the target price.

"ITM has established and funded plans for capacity that we estimate to be double those of peers by 2025," Berenberg said.

"We like the partnership approach with Linde, Snam and Shell and see potential near-term catalysts from Middle East order flow."

The bank said its revenue estimates sit on average 15% ahead of consensus as it expects order inflow to accelerate more meaningfully and drop into revenues from the 2023 trading year.

https://www.thedrum.com/news/2021/11/08/wpp-has-coke-and-smile-after-winning-4bn-pitch-prize

This is what delays progress:

“ScottishPower expects a decision on the planning application in the autumn.”

Source: https://www.bbc.co.uk/news/uk-scotland-scotland-business-56721727

https://www.energylivenews.com/2021/07/29/first-of-20-hydrogen-double-decker-buses-delivered-to-birmingham/

I hope that ITM’s success at fuelling hydrogen buses in Birmingham will be presented to COP26 as an example of the way forward. ITM should get more publicity for this successful deployment.

ITM need to power up with Rolls Royce so that they can use any excess power from each small reactor https://www.rolls-royce.com/innovation/small-modular-reactors.aspx#/

Interesting article in yesterdays Daily Telegraph.
https://www.telegraph.co.uk/business/2021/05/03/hydrogen-heating-homes-pipeline/

The Saturday Daily Telegraph published an article on the Money Section headed "Clean energy stocks are in a bubble - should you sell?" - They expressed caution about Ceres and ITM. That will have resulted in a few sells this morning. Personally I think ITM are positioned at the starting line of quite a successful race.

Hopefully Rishi may provide further funding for Rolls Royce's mini nuclear reactors in his Autumn budget https://www.thisismoney.co.uk/money/news/article-8417289/Rolls-Royce-triggers-250bn-nuclear-mini-reactor-race.html

As soon as planes start flying RR get paid - regardless of social distancing, did the flight make a profit, even only 1 passenger. Much less risk than investing in an airline.

It does not matter which airlines can survive because, regardless of who by then owns the planes, once they start flying Meggitt will earn money from them.