It is more than a bit nuts. The Prime Minister of Singapore earns £1.2m per year. The Prime Ministers of Liechtenstein and Luxembourg get paid 50% more than our PM, the PM of New Zealand gets double what we pay! That's without debating non political salaries such as footballers, where the average salary of someone playing for Manchester City is £6.3m pa. and we don't bat an eyelid. This is why our politicians are crap because we do not incentivize people with the right skills to take on a job with terrible hours, constant scrutiny and all sorts of abuse. You would have to be mad to do the job! Boris was being paid 50% more for writing one article a week for the Telegraph than he gets for being PM, how does that make any sense at all.
RE: Please do not look at the live share price now05 May 2021 08:51
MrDribbles is a very apt moniker. I'm afraid you have no idea what you are talking about. The separation of Motive is to enable focus, asset allocation and investment in a specific line. It happens all the time and was recently undertaken by Hexagon Composites (who provide storage tanks into the hydrogen fuel industry, amongst other things). Hexagon created a new entity, Purus, to focus on vehicle fuel tanks, so exactly the same focus on vehicles as ITM with Motive. The only difference being they allocated a portion of the new entity's shares to new institutional investors and the remainder to holders of the parent company. The consequence was the parent value held at the same level as pre the split and I gained from the value of the new business. I suspect this will happen here in the not too distant future.
The reason for the drop yesterday was Yellens announcement on a possible interest rate hike, which hit all growth stocks across multiple asset classes and took 2.6% off the Nasdaq. Renewables were hit particularly hard, such as Solaredge (also hold) and NEL, Ceres, etc were also hammered.
RE: Please do not look at the live share price now04 May 2021 16:49
Well that's not a great day, down £150k. Every stock in my portfolio got hit both here and in the US across different sectors too. Nasdaq down 2.6%. Hey, them's the way the dice roll sometimes. Been in ITM since 20.7p and took a load off the table at 650p a while back, still holding 50k shares and bought a few more today as it's about the longterm not today. As Warren Buffett has a card in his pocket that says, "buy the F****** dips"! GLA
toneman, I have been watching the presentation but cannot see any reason for the sell-off as a consequence of their performance. INcreased revenues, order book, on target for their cost reduction target, good partnership strategy. It seems there is a growth to value stocks switch going on at the moment which is affecting the sector as a whole rather than ITM or Nel specifically.
Must be because single ownership would constrain their ability to raise investment which it states they will do. This exact same thing happened to Hexagon when they created Purus as a separate entity to focus on vehicle fuel sector, but they created a separate shareholder structure and allocated shares pro-rata based on shareholding in Hex. I thought they would do the same thing here.
Hexagon Purus selected by Nikola Corporation to supply hydrogen cylinders for serial production April 29, 2021
Hexagon Purus has signed a long-term agreement with Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and infrastructure solutions to develop and supply its high-performance type 4 hydrogen cylinders. The scope of the agreement is over a multi-year period with an estimated sales value in excess of EUR 200 million.
The project’s development phase will commence in Q2 2021. The technology is planned to be certified for distribution in European and North American markets.
The long-term agreement also positions Hexagon Purus for potential further projects within a range of truck and other vehicle applications with Nikola.
“We are proud to partner with Nikola and support the delivery of its flagship hydrogen fuel-cell trucking solution. Putting these hydrogen-powered trucks on the road will accelerate the energy transition in heavy-duty transportation," said Michael Kleschinski, EVP Light Duty, Distribution & Cylinders, Hexagon Purus. “The first Hexagon Purus 700 bar hydrogen cylinders will begin testing and validation later this year in accordance with Nikola’s specifications.”
Driving energy transformation
The combined competencies of the Hexagon Group, in combination with the experienced Hexagon Purus specialists, have led to the development of a portfolio of high-performance cylinders with attractive value proposition. Hexagon Purus’ High-Performance Type 4 Hydrogen cylinders are certified to multinational standards and are already successfully in service on other fuel cell trucks and busses.
About the market
The global market for zero-emission mobility solutions, both fuel cell electric vehicles (FCEV) and battery-electric vehicles (BEV), is expected to grow significantly over the next several years, according to various market and industry analyses. Within the commercial vehicle segment, heavy-duty long-haul and high payload truck applications are in particular expected to benefit from FCEV technologies powered by hydrogen fuel.
So 12% of voting shares were against whereas 52% voted for. I think the suggestion that the big shareholders were against is misplaced as this looks like it was probably only one of them, that being Queeld.
Not often we get a clear, concise, and positive post from a first poster, but nice one tobler. I love the simplicity of this suggestion and would be happy to see it play out. It allows for existing investors to exit, hold or reinvest; provides an opportunity for new investors to come in based on a clear development strategy with the number one partner you want (Rosgeo) with off-take agreements in place with Japanese manufacturers. Pretty much perfect scenario.
Feeling a bit drained to be honest. I remember the enthusiasm of voting when we first started "guess the date" and were talking about the end of August and early September last year. I think if someone had suggested we would still be sitting here waiting for the conclusion in mid-April the following year, they would have been laughed out of town. I know this has been 20 years in the making and we've had Covid, upgrades, restructures, new partners, new license options, even an entirely new country (Japan) entering the fray, but I feel like I am wishing my life away waiting for something material to happen. To be honest, I just want it over and done with now. I've even stopped checking for a 7am RNS because we only get them on Friday after closing and I'm pretty sure we won't get any news at all before the EGM and maybe not even the AGM. Harrumph.