Member Info for tennents

We seem to be at the top of the FTSE 100 leader board. Let us hope the first of many as we claw back some of that 27% discount.

.........seems relentless

A rather quiet exit.

Lets see how we fare in the big league - cant see a 26% discount being a long term feature.

3% today - that is nice to see.

donofons -

wuold be very interesting to know if discussions about ABB taking an equity were raised. Maybe ABB dont like minority holdings, maybe they will see how thing are in 12 months and have an possible option to buy in depending on agreed objectives being progressed....who can say.

At this stage in the hydrogen development process it seems sensible for the large systems integrators to keep all their options open. We are a very long way from a 'VHS or Betamax' situation. Fingers in several pies feels like a smart approach in opening options just now.

Imstaying - some of my thoughts below.

I believe we are on a long term surge. While the world has been on a path towards renewables for a considerbale time (eg 30+ years in wind turbines and solar panels) things have changed. We have crossed a number of important tipping points and the cumulative impacts take green energy - as distinct from renewable electricity - to a different place.

The first is the 'climate emergency' - governments across the globe believe it and it scares a lot of them badly eg China (1) facing massive water shortages as Himalyan glaciers melt and (2) has the most densly populated coastal areas on the planet facing rising sea levels. There are scores of other really big examples of 'at risk' of large scale catastrophic economic damage. So there is now a real global market for green technologies and governments that will drive strategies hard to implement the new technologies. For example look at the rate of change of UK attitiude to petrol/diesel cars and domestic heating boilers.

Second is the technology in that (a) it exists on a wide scale and is developing fast on a wide array of technologies and applications (b) solar ane wind turbine expeince evidences that large scale adoption does drive the prices down (c) as it has moved from university labs and smallish companies it has real scale and the large players involved can support the levels of investment in innovation, development and production.

Third is chance and Covid. I think that goverments (and citizens) across the globe are recognising the covid experince as a 'near miss'. Near misses are huge learning experinces that accelerate behaviour change and that is what we are seeing now.
Across the globe governments and consumers want to change their behaviour in 'green'. They want to change it on a large scale, they want to change it quickly and sustainably, They also want to make the best economic opportunity out of these changes in terms of industies grown and jobs created, the innovation and intellectual property created and increasingly the international 'green points' bragging rights competition.

So in summary -

The green 'revolution' is now widley held as being desirable.
Technically much of it is now possible.
Making it doable is now just about engineering and systems and putting the bits togather in deliverable solutions.

There is no stopping it now so this is a long term surge.

I hope that CWR continue to surf that trend

This from the LSE website.

All changes from this review will be implemented at the close of business on Friday, 18 December 2020 and take effect from the start of trading on Monday, 21 December 2020.

Guys on ADVFN Board reporting Panmure report setting a target price of 822p

BGF Securities (biggest shareholder) dropped from 20% to 19%. Means just over 400k shares have changed hands.

RNS was 14th Dec

I think that is what is referred to as "irrational exuberance"

iTzap I had my brother buy some on Friday and told him off for being late doing it in the afternoon as we had a good rise in the morning !

Looking at the pattern of buys looks like lots of buyers picking up in small batches - suggesting funds and trackers are building holdings on the assumption that we are going into FTSE 100.

Made my mark upon it

So where will the Rolls Royce mini reactors go? On every existing Magox and subsequent generation site. Secure sites already connected to the transmission grid. Ideal for economic additions to base load while the UK transforms to the post carbon economy.

Unhappily this is too little and way ,way, way too late. The important steps in development of the wind power industry were taking place 30 years ago. In that timeframe UK govt energy policy was all around nuclear and coal (gas did not need a policy as it is was pouring out of the North Sea).

At that time there were a few UK companies (Howdens) building complete turbines and selling them in California. Most of the rest of the market was dominated by Vestas. Understanding how Vestas got to be a global player sets out the blueprint for the array of government policy initiatives needed to take a material role in the development of a new industry such as wind power.

At that time the UK did not have an energy 'problem' so it did not need a response . Denmark on the other hand........ Unhappily the UK has repeated the same pattern of errors in offshore wind energy (despite huge experience from the offshore oil industry and did (is doing) the same thing again with wave energy.

I am sure there are some on here who know more about the history of fuel cell development in UK universities and happily we have a few enterprises emerging. Are we a world leading player that will be dominating this globally in 20 years time - history says not, but we will have good 'small parts' of the 'big machine'.

A really big difference now is the role of China in targeting future-critical industries and putting together all the bits that you need to make it happen. Solar panels is probably the most relevant example, though they also have massive capacity in wind turbine manufacture as well.

Sorry bit of a rant here but the 'righteous indignation' from governments of "they should make more of that here" is a clear evidence of the failure of that same government to have a credible industrial policy development and implementation machine. Short term whining does not excuse the lack of long term thinking.

(I was working for an industrial clutch and brake company in the midlands in the very early 1980s . One of my jobs was in market research , one of the projects was wind turbines.)

Tssz

Thanks for the link but can only read the article with a Telegraph subscription.

Can we assume CWR is one of the three? (curiosity what are the other two lol)

Yellowf1

I agree that this share will bounce up and down a bit.......howe ver.

Covid is having a huge impact on a number of major strands in global policy thinking - energy and carbon being one of the most significant. Digitialisation is the other really big one.

McKinsey consultants are running (heavy volume) daily adverts on CNBC tv along the lines of "digitalisation has moved five years forward in the last three months".
Now even allowing for a bit of hype that feels correct.

I believe the same is happening in the application of green technologies for a lower carbon economy. We are right in the middle of that and we a re a long way from being a 'very interesting but very small' type of business. We are substantial and have some seriously 'grown-up' corporate partners.

I have made a good few quid trading in and out of this share and am happy. I have also done an analysis of what it would be worth as an investment hold through the last 9 months. You can guess the result....

For me this is now a hold and forget share. It is going only one way and quickly or slowly, with lumps and bumps, that is upwards.

This is my only single company green tech hold but i also have INRG as a much more diversified (technology and geography) ETF holding along side it. I made the some of same errors in trading in and out of that too ! Not any more for either.

justdeezerts - so I lauded RR as an investment ? You mean like this.....

"The company will not be allowed to fail or be sold. That does not mean it is going to have a good share price for some time, just that it will not go bust".

"so am a lot less than pleased with how things are".

"I fear RR will be a long and slow climb"

I am certain that hundreds, nay thousands, leapt upon this extravagant and gushing praise of the RR investment opportunity. I offer abject apologies to each and every one of them - don't expect there will be many takers.

There is nothing laudable about lying or misrepresenting or, in the absence of facts, just making things up. Perhaps accountants see themselves as exempt?

Just saying....

The people who were dumping a load of these early this morning will be having a tinge of regret now .... happily not me !

Not sure we will get there that soon....but it is recovering. Cant see us back to the 90s again.

As you say....slow and steady...and that will do me just fine lol.