 The UK is bankrupt and we are not creating the wealth needed to change that fact.
One of the main causes of this disastrous situation is that we import far too many products that we are perfectly capable of making ourselves. For example, we import far too many Mercs, Beemers, Audis and all the rest, due in no small part to brand snobbery of people who 'must' make the right impression in their local clubs or social groups.
It seems to me that it is far more important to suck up to the EU so that we can give them even more free, unhindered access to our markets while the EU makes it as difficult as they can for us to export to them, e.g. the Windsor Framework. For the past several years, I have not seen English tomatoes in my local Tesco in Belfast.
It is great that we can all buy goods that are made more cheaply abroad. That is a fallacy. The true costs should have a large premium for the social costs of lost jobs and reduced Income and Corporation Tax-take from manufacturing.
Now, the chickens are coming home to roost with Labour threatening growth by increasing taxes substantially. They talk about the huge mess left by the Tories while ignoring the fact that the Tories spent their first term from 2010-2015 introducing austerity in a failed attempt to clean up the mess left to them by Labour.
Now Labour is cancelling oil production in the UK so we will have to import more oil from abroad until renewables can make up the shortfall. They say, 'The oil goes to Rotterdam!' Really? Do they not understand that if we sell the oil which we do not need, we can then use the proceeds to buy the oil we do need? Of course, they do understand but dogma rules. All part of the Leftie agenda to provoke a revolution with the aim of forming a Socialist dictatorship with someone like Putin at the top.
As for ITM, they are caught in a Catch 22 of insufficient demand for H2, partly because of lack of demand which in turn is caused by lack of National infrastructure. |
We seem to continue getting diluted while we were stuffed and spending money on RNS releases too often to declare giving shares away. Enough already! Cooley and Bone should cough up the freebies they grafted |
A lot of Plug's problems are due to its involvement in liquid hydrogen. |
As already stated Plug are on borrowed time in more ways than one. They have a loan that will never be paid back and a competitor waiting in the wings to take over their existing customers. Nope not ITM but Bosch. |
Well plug has hit a new all time low overnight. Itm is a different besst but not yet in the eyes of the market. Hydrogen as a fuel won't disappear like betamax. More to it than that l. That's just lose all your self respect - supporting a short talk. The shorters got more balls or info than I at this level |
I think this outfit is doomed
Hydrogen just isn’t catching on as a renewable |
What the bonus shares do is keep Dennis in position for at least the next 2 years which is a bonus in itself |
Tanking in u.s currently. The continued displeasure with the sector is alarming. When will it change? Will it change? |
Unbelievable awarding themselves loads of shares
I am going to have a think about increasing my short position because this ain’t going up anytime soon imo |
Unfortunately in Wales you could put a donkey up as an MP and they would still get in.
Don't think Dennis will be to impressed with his visit and promoting a competitor to ITM. Especially one that isn't in the UK. |
Graham - this country is well into terminal decline - for multiple obvious reasons!
People should be careful/mindful of what they wish for when they vote! |
Skinny
Can you imagine the German prime minister visiting ITM promoting their product ffs. What was this idiot thinking of. Have a couple of Labour contacts on LinkedIn and notified them of my disgust. |
Big money being spent.
China's Hygreen Energy to invest $2.2 bln in Spanish green hydrogen plant hxxp://reut.rs/3Z8BP7X pic.x.com/hplqadwe7h |
One things for sure they don't need to buy shares off the open market now. |
Not linked to any achievements so it says so no idea what bonuses are for TBH.
I only got bonuses if the company reached certain targets 🤔 |
The awards are subject to a two-year vesting period. As this award was derived from a portion of the participants' 2024 annual bonus entitlement, which was subject to the achievement of certain performance conditions, these awards are not conditional on the achievement of further performance conditions, other than the participant being a director or employee within the Company's group at the time of vesting.
---+++
Mmmmm! Anyone know what the bonuses are for ? Can't be for sales or growing the share price !. |
Heading back to new lows as the deals struggle to appear and the cash gets used up . Simply seems unable to grab enough work whilst their competition gobble it all up . Will be valued at less than cash soon as they see those numbers continue to fall in the coming months and years and only modest increases in revenue .
Doesn't look a great business model so far does it |
Some big names starting to check out ITM now
It was great to host SINOPEC at our ITM Power factory in Sheffield today. Sinopec is one of the largest oil and gas and chemical companies in the world, so great to listen to their view of hydrogen globally and have the oppurtunity to explain how our technology offers something very different to others on the market. |
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