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Despite the ongoing conflict in Ukraine, it's encouraging to witness the UK actively engaging in EU projects. With potential announcements of FIDs from ITM in the coming months, doubling the share price within a week isn't out of the question in my opinion. Exciting times ahead!
Can't see our government supporting it. There still in the 20th century, backing a new coal mine to produce coal for a declining steel industry that's looking to using alternatives to coal. You couldn't make it up.
Discovery made in University of Nottingham
Scientists have found a way to transform metal waste into a highly efficient catalyst to make hydrogen from water, a discovery that could make hydrogen production more sustainable.
https://www.nottingham.ac.uk/news/trash-to-treasure-researchers-turn-metal-waste-into-catalyst-for-hydrogen#:~:text=Scientists%20have%20found%20a%20way,make%20hydrogen%20production%20more%20sustainable.
To be fair.
Itms average volume is around 1.5-2 million a day. That trade is a quarter to a third of a day's business
Lloyd volume is about 180-200 million a day, a third of their volume would be 60million or £30 million.
So,relatively, it is big.
It's not showing in today's total volume though, Currently showing just over 400k buys
It wasn't all that long ago when trades north of £1million were common and institutions ploughed in with £250 million between them at £4 per share. Keep the faith.
Will need north of a few quid to see any material change
Ok, assumed it would be quite considerable being most buys are in the hundreds and low thousands here. Not trying to kick anything off. genuine newbie question.
£252k is hardly size...
Why does that not effect the share price?
A massive buy just popped up !!
11:15:44 50.55 500,000 £252.75k
Constructivenews on the money. Tweets from Dennis mean nothing, RNS confirming big paid contracts. That is all that matters. Nothing to celebrate till that happens. Jeff is on LSD dreaming and the trip keeps on going.
Yes the momentum is building to keep selling the stock. The news they just announced stated over a number of years. Doesn't seem such a good deal now does it & it still hasn't had a final investment decision, so what's to celebrate. You talk some crap jeffmills. You must be getting desperate.
Thanks Jeff. Totally agree. 👍
RWE secured a Dutch grant yesterday for a 50MW electrolyser, costing approximately 124 million euros. They plan to reach a Final Investment Decision (FID) before the end of this year, aiming for full operation by 2027. Dennis celebrated this announcement on his LinkedIn, RNS update soon? The momentum is undeniably building.
In 6 months, just 6 months ITM Loss from operations £23,572,000, that's £47m a year in losses. That's why it's been heavily shorted and was THE most shorted stocks for some time, and there's still shorting hedge funds with positions now, and one of those INCREASED their position on 26 April.
You see, it is not big deals that matter, it is being able to fulfil them to get the money in to cut the losses, and that is where ITM has failed year after year and will have burned through a load of it's cash over the next two years while it tries to get somewhere in what is clearly an uphill struggle for it.
Dennis did mention an upcoming product announcement, so there's certainly some anticipation building. Let's hope it's the game-changing innovation we've been waiting for, but even if it's the larger plug-and-play Neptune series, that would still be a significant development.
RWE secured a Dutch grant yesterday for a 50MW electrolyser, costing approximately 124 million euros. They plan to reach a Final Investment Decision (FID) before the end of this year, aiming for full operation by 2027. Dennis celebrated this announcement on his LinkedIn, RNS update soon? The momentum is undeniably building.
From what I can see, ITM simply have a stand at the event. They are not providing any guest speakers or taking the spotlight in any way. Just another company amongst all the rest. So I would not get too excited by this.
Dennis's assurance that the Hygen deal won't impact their capacity for other partners hints at imminent signings. With ITM set to announce a game-changing product this year, the impending Uniper deal gains significance. This product could potentially double the current factory capacity without expansion perhaps? Dennis's calm demeanour reflects confidence in managing the increasing workload effectively..
Keep an eye on Schulz's comments on linkdln, he engages with companies ITM seems to have relationships with well before official announcements or contract signings. Hygen was a prime example.
I've found hes made comments to employees of Uniper, hinting at future deals with ITM. UNIPER's substantial investment of 8 billion euros in green over the next 6 years, along with their partnership with Plug Power for a 100 MW project, presents a promising opportunity for ITM to secure a significant deal for UNIPER's gigawatt-scale plant expansion in their phase 2 plans, which is scheduled for 2025-27.
Unipers green hydrogen order plan: https://www.uniper.energy/about-uniper/business-structure/hydrogen
Unfortunately they are using a NEL electrolyser. The 01 factory has just started production, oh! and to invest you have to live in Finland. Solein® transforms ancient microbes into the future of food https://solarfoods.com/solein-transforms-ancient-microbes-into-the-future-of-food/
If you don't have a functioning sales department, and your sales channels of Linde, SNAM and sHell are not doing their job then winning access to a functioning sales channel is an exciting step. I assume Dennis has been asking his existing teams what the f@@@ they are doing as well.
We're merely a few FIDs away from potentially tripling our share price within six months, suggesting this could be just the beginning for those with a long-term view.
The estimated share price range of £2.00 to £3.00 is based on the significant boost this deal gives to ITM Power's annual revenues, almost doubling previous figures and greatly improving the company's financial outlook. This large, confirmed deal will likely elevate the market's view of ITM Power, showcasing its capability to handle major projects and signaling robust growth prospects. This new revenue stream not only enhances the company’s appeal to investors seeking growth in the renewable energy sector but also supports a higher valuation, potentially allowing the share price to double or even triple from its current level in the next 6 months.
So it will be interesting to hear more about this deal (dates/price - FID) but say revenue is projected at approximately £200 million spread evenly from 2024 to 2027, and assuming all other factors remain constant, the share price could potentially rise significantly. Based on the increase in annual revenue, a reasonable estimate might see the share price reaching upwards of £2.00 to £3.00, reflecting the company's expanded financial base and growth prospects.