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Anther link to a similar article (non Times).
https://matthey.com/en/news/2021/hystar
I can recall a comment being made some months ago that a second factory would not be built unless the first had a certain amount (2/3? I cannot remember) of capacity filled. Surely it would be strange to build the new factory unless existing capacity was expected to be utilised.....?
I was fascinated to be reminded that the iPhone was only launched in 2007, and that prior to this Nokia had a very strong market position. It just shows how quickly disruptive technologies can make significant global changes......
We are clearly cash rich with a large volume of orders. The challenge it to efficiently fulfill these while making money. This is consistent with the management messages given earlier this year and matches my expectations. If the market was expecting something better they will no doubt be disappointed.
There is an argument for increasing the supply of hydrogen at an economically viable price so that the economy starts to transition. Once demand exists, switching to cost effective green hydrogen is more credible. Its a bit chicken and egg, but it could be the most important thing is to start?
I would expect that most orders are for significant projects of which there are few in a year. Over a short period of time Bilbo's chart will reflect this "lumpy" nature, but cumulatively over a longer period of time it would perhaps reflect a trend and provide a useful benchmark? Really it is hard to say without having a go, so good for Bilbo in doing this.
https://www.hl.co.uk/feeds/apps/sharecast?id=31998308
"A FTSE 100 chemicals giant is seeking to win taxpayer backing for a factory to build components for hydrogen-powered cars, in another potential boost for Britain's car industry. The Business Secretary, Kwasi Kwarteng, met with Johnson Matthey in May about financial support for a plant to make vehicle parts including membrane electrode assemblies (MEAs)." - Telegraph
This relates to EuroBox, but shows a principle:
(Sharecast News) - Tritax EuroBox's discount to its assets is unjustified relative to its peers' large premiums, Royal Bank of Canada said as it initiated coverage with an 'outperform' rating.
"EuroBox offers high rent visibility from its inflation-linked leases on large well-located European logistics property while asset management initiatives should help supplement rent growth," RBC analyst Saravana Bala wrote in a note to clients.
Leveraged investment into the warehouse operator's β¬550m (Β£473m) pipeline, lower cost of debt and a declining cost ratio mean EuroBox should generate a 13% underlying earnings per share compound annual growth rate (CAGR) over three years, Bala said. Development activity and further yield compression will help drive a 9% CAGR in net asset value over three years, he added.
Bala set a price target of 130p for EuroBox's shares. The shares rose 1.1% to 109p at 13:57 BST.