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Maybe holding back for next week Rock8.

LSE Regime change is on Monday (29th) so do we commit down the road to ESCC and then to FTSE Indices inclusion and there's an Interest Rate decision on 1st August which market commentary seems to be calling as 50 / 50 this time round.

My own personal view is that to protect the housing market which is stalling, and ultimately banks, and in an effort to stimulate growth this time around they cut rates.

The ROSTA Index is low again today. As evidenced by really low trading volumes so far today.

That's the Return On Shares Thrown Away, for manipulation and other purposes.

Take the share price down too low and people just hold, switch off and devote their time and effort to other shares, whilst happily waiting for the next approach, or corporate event to happen.

So what was previously a 65% LTH versus 35% Fast cash split now looks more like circa 95% to 97% LTH versus 3% to 5% Fast cash.

Probably down to combinations of

~ Everybody knows the Sum of Parts is far in excess of the present share price. previous Bids, Kelso ...

~ The Peel Hunt report in great detail provides the working out. We aren't even at half their lower case scenario.

~ Applied Nutrition just about to be given a whopping valuation compared to THG which brings in substantially more revenue and profit (and is valued far less)

~ Pending FTSE regime change and potential for fund buying

~ Pending Interest Rate cuts environment

~ CFO bought with his own cash at a higher price

~ Frasers Group's track record of investing in companies they have partnered with.

Just to give a bit of insight in to the size and scale of the plant and machinery involved in these large scale projects here is an informational video on Shell Holland Hydrogen 1 which will be a 200MW hydrogen plant and the largest in Europe presently.

So when completed an output of about 2 times or double the Shell Rheinland output and on which we just got informed yesterday that the Final Investment decision has been made, so its Green lights for Go.

In addition note the RNS of the 8th of July whereby we signed a capacity reservation contract with a global industrial customer for effectively x 2.5 the size of the Holland Hydrogen 1 Plant - so for 500MW of output.

https://www.youtube.com/watch?v=WTcE0qfoOwI

You have to laugh if not cry.

Its being moved down by the MM's on minimal volume to suspension levels.

This will be another one taken private or approached by private equity or a rival, when it has to be pointed out that all the hard work has been done.

This was in the 60's when the reservation of capacity announcement was made and should be heading much higher now the FID decision has been made.

Then there have been 3 further contracted bits of business since the Shell RoC and the second from last being a Reservation of Capacity announcement for 5 times the capacity of that Shell award.

Shares might not all move the way they should in an instant but you generally find that they do eventually start to build up a head of steam.

The perceptive are seeing things change for the better right in front of their eyes.

Oodles of cash and a great opportunity being presented at these levels imvho.

This was in the 60's when the reservation of capacity announcement was made and should be heading much higher now the FID decision has been made.

Then there have been 3 further contracted bits of business since the Shell RoC and the second from last being a Reservation of Capacity announcement for 5 times the capacity of that Shell award.

Shares might not all move the way they should in an instant but you generally find that they do eventually start to build up a head of steam.

The perceptive are seeing things change for the better right in front of their eyes.

Oodles of cash and a great opportunity being presented at these levels imvho.

Plus any that are going for the Uncrossing trade.

Good old Mike Ashley and Michael Murray will be happy as its probably let them bag in the region of another 1.5 million to 2 million shares today.

You get the foot in the door with Shell for one plant, then they like what they see and how you do business then another door, and another door gets opened.

Or they just simply take you over. It would be small change to a Supermajor oiler transitioning at the same time to green energy

The staff member quoted in the article is probably the one that went to the FT with the email and is also probably one of the staff members whose job is either at risk or whose flexible working arrangements are being reviewed. To be fair I thought all staff were back in the office at the very start of this year.

If I'm invested in an company then I'd be expecting them to continually review operational efficiency.

These things are never nice for the individuals concerned but you'd think if was you that thought your job was at risk or you were unhappy with your conditions or role then you'd already be looking for other positions.

It looks like there is an active review and reshaping ongoing presently what the Coggles sale also just recently announced.

Another definite step in the right direction.

Its a formality now

"I suspect the share price will only really react when the contract is signed, I could lend them a pen."

I think you'll find the contract was signed when the Reservation of Capacity was signed, but subject to the Final Investment Decision (FID) which has just been made.

Great endorsement of the tech and publicity to have Shell onboarded.

Thanks for the reminder on the Applied Nutrition Crafty

So its more like 95% to 97% LTH's right now that are simply holding firm

Why ? Probably one or more of the following.

~ Everybody knows the Sum of Parts is far in excess of the present share price. previous Bids, Kelso ...

~ The Peel Hunt report in great detail provides the working out. We aren't even at half their lower case scenario.

~ Applied Nutrition just about to be given a whopping valuation compared to THG which brings in substantially more revenue and profit (and is valued far less)

~ Pending FTSE regime change and potential for fund buying

~ Pending Interest Rate cuts environment

~ CFO bought with his own cash at a higher price

~ Frasers Group's track record of investing in companies they have partnered with.

...

Went into suspension at 19p with so many issues you could shake a stick at.

Then look at the progress made since.

All that currently valued at just over 1p.

Incredible, if it wasn't Aim.

@27p for Laurens options.

That's the Shell Rheinland Reservation of Capacity contract now in the bag.

Tier 1 client and should provide it's very own publicity within the industry and lead to several other workstreams for ITM.

Its just a phrase I've coined for what used to go on here time and time again with fast money rinsing and repeating falls (and then rises) in the share price. It stands for Return On Shares Thrown Away.

Right now it looks like the share price has got so low that virtually nobody is selling and anybody tempted to throw away their shares to try and manipulate the price is getting very little payback by way of return. (Perhaps contributing to Messr's Ashley and Murray). First hour volumes for weeks have been extremely low and look at yesterday with less than 1 million shares transacted for the full day and that's even including the Uncrossing Trade.

So its more like 95% to 97% LTH's right now that are simply holding firm

Why ? Probably one or more of the following.

~ Everybody knows the Sum of Parts is far in excess of the present share price. previous Bids, Kelso ...

~ The Peel Hunt report in great detail provides the working out. We aren't even at half their lower case scenario.

~ Pending FTSE regime change and potential for fund buying

~ Pending Interest Rate cuts environment

~ CFO bought with his own cash at a higher price

~ Frasers Group's track record of investing in companies they have partnered with.

You would think that eventually those setting or those manipulating the market start to feel the pinch through reduced trades or returns. Or finally the THG Board concerned at the languishing share price, either head for pastures new or completely change course.

I'd think that if they don't early adopt a commitment to the new listing regime then something might be afoot as they have had long enough to consider all optionality.

Dyor and decide as you see fit.

Yorek, if THG's statements on the LSE Review as opposed to Premium listing (sooner) are true to form then there should hopefully be an announcement off THG on or around regime change date. Then we will know that THG is on the runway.

Lets be honest about it, Lord Allen and Co have had plenty of time to position the company to meet all of the new requirements.

The rest will just be dates.

If you follow the stock challenge link and the Index Review dates (which many do) then you will know that tracker funds buy and individuals buy in advance of the review dates. Unsurprisingly, they also sell those that are facing demotion from the Indices.

It is a complete fallacy to think that they have to wait for review date.

Some like The Naked Trader for instance use it as a trading strategy and its one of many in his book.

They could lighten up on the spread a bit as it looked ridiculous earlier today.

Would have thought they might be trying to encourage buying and selling as opposed to dissuading it.

Noggers I think you need to differentiate between "drifted back down" and "having been made to drift back down".

There is nothing in the last 2 RNS's that should have caused any fall, nor industry related either. In fact the contrary is the case. That RNS on the 500MW capacity reservation is 5 times that of the one we gained from the Shell Rheinland project. That's a Tier One client.

Fwiw it probably lets somebody in on the cheap or it lets another close an exposed position. Funny old places stock markets.

To be fair though I wouldn't be complaining as they let everyone buy or average down at nearly a 20% discount to last week and with the benefit of all the recent news to support their buy decisions.

More good news to come I suspect in short order as those previously sat on the fence are seeing big and noteworthy clients commit and taking up capacity.