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Interactive Investor site was the same earlier. No firm electronic quote was available- only indicative. Now it’s back to normal.
Does anyone really know why the directors sold though. I think they recognised the share price was a little top heavy maybe and thought it was a nice bit of profit to tuck away. After all, plenty more options available to them. We’ve all done well with ITM so far. But don’t bank on too much from the chancellor next week. Stay safe and stay cautious.
SP .... expectations really were high at the time ... Bamford looking forward to be a actively supporting shareholder .... Cooley welcoming the investment obviously and manufacturing and engineering know how .... I struggle with the synergy between diggers and electrolysis when it comes to engineering and manufacturing. However, let’s wait and see.
There’s a lot of chat today concerning young Bamford and his green hydrogen company and the announcement of the tie in with Sutton tankers to transport hydrogen from Widnes to London. That’s really green !! unless Sutton’s are driving Tesla or Nikola trucks !
But whilst it’s true that Bamford left the family business last year to do his own thing, it’s not necessarily true it’s to prove his business acumen with a view to taking over the reigns at JCB.
However, I’ve always been sceptical about this family connection and ITM. I haven’t seen any benefit yet from JCB’s 9% stake in ITM. I really do hope there’s something in the not to distant future to change my view and in the meantime feel that ties with Shell and Linde are likely to be more fruitful.
I’m with II and my shares showing. No minimum required. Also option to apply for additional shares in offer but as always, can be scaled back.
Quote from Dr Uwe Albrecht speaking recently on the Bavarian hydrogen strategy ..........
The German hydrogen strategy will pull for renewable fuels in aviation with a 2% electricity-based fuel quota being discussed to be achieved by 2030. “The policy document sets the direction. The market will determine the most economically viable options for production of these fuels,”
“The idea to use liquid hydrogen in aviation is not so crazy. Compared to traditional aviation kerosene, liquid hydrogen has a relatively poor energy-to-volume ratio, but it does have an excellent energy-to-weight ratio.”
“In flight, it’s the weight of the plane that matters most. Bulky planes tend to fly quite well, as various transporters have demonstrated over time. So, putting a big fuel tank on the top of a jet liner is not a deal-breaker in terms of aerodynamics and overall fuel efficiency.”
Electric Vehicle charging infrastructure
Electric vehicles (EV) are central to the UK’s commitment to reaching Net Zero carbon emissions by 2050. The Government is currently consulting on ending the sale of petrol, diesel and hybrid cars and vans by 203568. Electric vehicles are currently the leading option to replace these fossil fuelled vehicles, and EV charging infrastructure is a key enabler of their roll out. There are many “shovel ready” EV charging infrastructure projects under development by both private developers and Local Authorities. By expanding competitive procurement of EV charging infrastructure, the Government can unlock private sector investment and provide a sustained boost to the UK’s Electric Vehicle sector.
Role for Government
There are three areas where the Government can support EV charging infrastructure:
• Ensuring minimum service provision: The Government can ensure minimum levels of service provision for EV charging infrastructure, particularly in rural areas and along major strategic inter-city routes.
• Coordination: EV charging infrastructure projects are typically developed by private companies and by local authorities. EV charging infrastructure should be developed first in places where it will be most valued by EV owners. There is a role for Government in coordinating private sector and local authority investment plans, for example through planning and information sharing.
• De-risking private investment: Investors in EV charging infrastructure generate revenue when EV drivers charge their vehicles. In the UK’s nascent EV market, this revenue is often uncertain, which raises the financing costs for investors. There is a role for Government to play in “de-risking” this investment through guaranteed annual minimum payments. This would reduce the cost of capital for EV infrastructure projects, thus lowering costs, similar to the Government’s support for the UK’s offshore wind industry.
I worked for American led companies for 30 years. If it wasn’t for the European operations , they would never have made a bean. Their strategy was totally out of kilter with the real world and believed the American way worked anywhere in the world.