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Needs to be careful or it gets a takeover approach at these prices

I think if you look at the last numbers and then todays you can openly and transparently see the complete transformation and progression in front of your eyes on cost control, cash, sales momentum.

Watch that webcast if you can because it's open, it's honest and it tries as best as it can to be guarded and to respect confidentiality. But at various points throughout several little gems slip out, especially on the questioning at the end. Like for instance.

More Neptune V contracts in the next month. Not surprising given the smallest footprint, efficiency, Iridium reduction and cost.

The need to move into the new factory space.

The thoughts on further HAR1 and HAR2 announcements in Q1.

USA very light indeed due to a flexible approach.

Other market opportunity. Iberia / Norway / Canada / Australia.

Not often you see the CFO (new) with a smile on their face throughout.

Hopefully we start to see a Fund or two nibbling and accumulating for the recovery potential as it's massively oversold imvho

I think the seller over there was back yesterday. (MM my guess and to free money for Ingenuity shares to get over 50% and effectively Golden share it.)

Vamosbien, he did and I'll be retiring with you if so.

Slick performance by all and no two ways about it that Revenue guidance will be going up somewhere in the next quarter is my guess.

Holding for gold.

Dennis's comments seem to be inferring that there are more Neptune V orders coming over the next month and this will lead to them dealing with the overflow in the new Bessemar Park factory.

Fair play to them for answering the questions as best they could.

Great time to be a holder what with Neptune V, Har1 and Har 2 and the Bidding pipeline. Iberia also sounds interesting as an opening market.

Har1 + Har2 update of Dennis was good. Looking some big announcements in Q1.

Has continued unabated...

Wow!!

Raul signs off with the massive debt reduction that I think he was specifically tasked to achieve and look how that debt has noticeably halved and with a solid plan to tackle debt maturities. What he didn't achieve much on though was farming into and picking up new licences and prospects, territories and drilling opportunity. Maybe not his forte.

Any new CEO I feel certain will look to pick up one or more new assets to develop, drill and profit from and move the company on to a new future.

I don't think btw we are too far off an announcement on that new CEO.

Thanks Eastwood.

Should be some good analyst questions. I'm hoping we'll get a bit of prying on that 500MW Reservation of Capacity, his comments on 'phenomenal' Neptune V activity and How ITM sees themselves positioned to benefit from further HAR1 Hydrogen Production Contracts and the massive scale up with HAR2 contracts.

Do we get to ask questions or is it just Analysts?

Link for the presentation

https://www.investormeetcompany.com/itm-power-plc/register-investor.

I'd be surprised if the Directors don't take the opportunity to top up now the results are public knowledge.

There's been a lot of Electrolyser MW published since the 6 purchases at 40p and above.

It'll now shift to FID decision imvho.

Great results and you can actually and visibly see things rapidly transforming right in front of your eyes.

Looks like a new 8MW Capacity reservation in there also which I hadn't seen before.

“o 500MW and 8MW capacity reservations secured"

Has to be one of the successful UK HAR1 projects – Whitelees in Renfrewshire or it could be Carlton Powers Langage in the South West. I think Whitelees. 8 more Hydrogen Production Contract signings imminent.

Should be an great presentation

I think we really need to start watching who gets billed for what here, given the move was pre-demerger. Same with that Williams sponsorship deal which was supposedly to get THG Ingenuity into the C-Suite of companies. How many staff will it cost to make up for the Presidents wages?

I think that this latest news clearly shows that at the time they all moved into this office, and the split agenda supposedly for two years plus ongoing, taken private for £25M wasn't even on the agenda or strategically you would never have moved any THG Ingenuity staff in. Something has changed the mindset in between.

Seriously!! - 6 months and a complete turn about face and you'll be lucky if MM visited this office once. I don't think he ever did a social media snap with him inside meeting and motivating his staff. Truly astonishing.

How much money has been wasted on this venture and now relocation or redundancy packages.

Are we actually sure Remainco is going to see any FCF in the year ahead. There will be the cost of the demerger and now this as a write-off.

Https://www.bbc.co.uk/news/articles/czxknwyxk09o

Looks like some direct competition coming Ingenuity's way courtesy of the Chancellors growth speach announcement a couple of hours ago. Right on the doorstep.

"There will also be a new partnership between Prologis and Manchester Airport Group will build a new advanced manufacturing and logistics park, unlocking £1bn of investment and 2,000 jobs."

https://www.bbc.co.uk/news/articles/czxknwyxk09o

Steve your mates seem to have deserted you.

What shorter in their right mind is going to throw shares away into the market, and straight into Mike Ashley's hoover and back pocket and throw in a couple of his CFD's / Derivatives on top. Just look what just happened. A near 5% accumulation.

GL though.

Didn't Matt when THG sold Coggles and ProBikeKit to Frasers last time round do a nice Linkedin post expounding the virtues of the new partnership and with Micheal Murray liking the comments.

This time just like @Kelso - Nothing, no post and all very quiet.

You would have thought a nice large new shareholder onboard with all the brands and licensing deals and worldwide clout that Mike Ashley has, and which could drive both THG's sales and Ingenuity's sales forward in a flash, would be applauded. Much more than when offloading previously non-profitable businesses.

Same with the markets as you would think they could see how Frasers could add substantial value to the THG businesses yet even on a near 5% stake they seeemingly don't wish to move the dial.

Or is it just that it has been so simple to go into the market and pick up nearly 5% of THG and hardly move the dial. So will the 7% supposedly required by fund buying do anything to the share price?

What if Mr Market allows Ashley to get to 29.9% without also moving the dial. Wouldn't that make a mockery of Selkirk paying a lot more for only 49% when you can buy large chunks in the market as it is. Why pay more?

You can just feel the silence in the room.

Next move please in the @THG soap opera.