Member Info for Richard08

Sunday Times reports that the centre piece for the review will be £86Bn for drug research and development, longer lasting batteries and AI breakthroughs.

No details as to how much will be going on that middle bit, but still, any money and publicity is better than none. There’s another bit in the paper about how the national grid are struggling with an outdated system to balance the grid from the supply and demand point of view. Again, batteries would be useful. Perhaps we are starting to see IES’s tech move to the centre stage from the periphery?

What with the investor pres tomorrow highlighting plans for the future (?) and the publication of the UK’s spending review on Weds outlining industrial strategy, there’s always a possibility of extra money going towards energy infrastructure.

ITM and Ceres in a bit of a race at the moment, ITm definitely out in front but Ceres is out of the gate today! I wonder when the shorts will start sweating?

I don't think there's a single infrastructure project that's ever been suggested in the UK that hasn't had a string of protests in place long before a shovel has cut through the ground. The only ones that ever get off the ground are the ones with the political will to push it through. HS2, although far from completed as intended, managed to cut through or under swathes of countryside, despite protest.

Just looking through the AR and found this interesting snippet on page 14, third paragraph, saying:

“2025 projects having been signed at positive gross margins”

A round about way of saying ‘we’re making money on these products now’?

There has been a bottoming and some attempts to push upwards over the last few days. Fingers crossed it holds at this level.

Cheers guys - that's what you get for skim reading!

Anything to deserve a double digit drop? looked ok to me...

Appears that the market's knee jerk reaction is a positive one. It's rare for an SP to rise on news of an acquisition, nearly always drop on news of a big spend. Time for a detailed trawl through the PFS to peruse the details. Doubtless they will be doing an investor pres to talk this through anyway.

Interesting acquisition. Getting into the US market. This seems far more promising than the Aberdeen operation.

Certainly liked what they saw!

£2k? That's half the market cap don't forget!

Nice to see some positive movement isn't it?

Blackstone are playing hard ball. As you say Trendz, I wonder if this may flush out another buyer. Or else the whole thing may fall through!

All good news - excellent closing order book providing visibility.

Looks like you may have been right mfdoom. Dare to whisper it: perhaps the bottom is in? It may well be a long road back up though!

Profit warnings do tend to come in threes so market wisdom says... this could be the start of a down turn... but given that it's nearly all being caused by the orange idiot it can largely be reversed on his whim. I don't expect him to let the US economy slide that far. But we shall see. It's going to continue to be an interesting four years for investors.

Bit of a rough baptism for the new CEO mind you...

Welcome to 'economics by Trump!' Plain sailing one week and then batten down the hatches the following week. Maybe take the word 'week' out of that sentence and replace it with 'second'??

Hold fast - it's going to be rough. But the CEO is right, they've been here before and will come through.

It won't be by 8:01AM tomorrow :)

Well, hopefully it’s still on the table! It’s down to management to dismiss this as stock market turmoil rather than anything that’s changed with the business.