This time around?24 Oct 2020 16:09
Looking forward to next week and wondering where the SP will head after the latest news? This time last year it was a 40p buy in and Linde’s ( at the time ) considerable investment. From that point the SP marched onwards and upwards , partly de-risking maybe , partly market development , partly lots of things really. This time around another alliance and an even bigger fund raise. From what I can see this is about having the kind on money to move things forward in our key areas. Exciting times for sure , but where will it take us? My guess is onwards and upwards once again with the prospect of ongoing contract news pressing the accelerator periodically. Recent developments should have institutions chomping at the bit to buy in , the growth in green funds adding to the pressure. Given what’s going on in the world I’d be happy with a fraction of the growth achieved over the last 12 months or even to stand still. It does make you wonder what will happen if a vaccine is found? Wouldn’t want to be out that’s for sure. As always , just my thoughts and nothing else. Have a good one.