The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Potentially very important for ITM if it pans out as expected.
Thanks Jeff
The share price will be a hell of alot higher by end 2024 & even higher 2025.
Wondering where you been as the SP dropped from the 20s to the 15s when you were certain the cracker would take it to new heights.
Yes just look at the AFC share price, that tells me how amazing their technology is. (Not)
Lol
And where does the green ammonia come from?
Afc Energy breakthrough, New Ammonia to Hydrogen cracker only uses 20% of the power verses an Electrolyser. It is also ready to use in minutes !
250MW of electrolysers and a 200MW hydrogen power plant in Whyalla, backed by A$593m ($374m) in subsidies through its Hydrogen Jobs Plan.
The South Australian government today agreed to supply a 250MW green hydrogen hub to Liberty Steel's Whyalla steelworks, with Linde as the chosen supplier. Simultaneously, it announced an accelerated net zero target for 2027, advancing from 2030. This move seems linked to ITM's recent announcement about a project of similar scale, hinting at a potential contract signing soon..
Https://www.gov.uk/government/news/boost-for-uk-hydrogen-as-government-backs-world-leading-industry
Today, we hosted a delegation of Brazilian government officials and business leaders at our factory in Sheffield.
Organised by UK in Brazil and Department for Business and Trade, this visit offered a valuable opportunity to showcase our bustling factory and discuss how green hydrogen will complement the abundant renewable resources in Brazil.
The delegation’s commitment to exploring renewable energy and green hydrogen solutions was tangible, and underlined by Brazil’s aspirations to have pilot projects in all regions by 2030 and to be a globally competitive producer of green hydrogen by 2035.
Jeff
I agree with you generally. I am an optimist and sincerely wish to see ITM and other hydrogen shares succeed.
The problem with a lot of investors is their impatience which, I see as a reflection of society as a whole. A couple of contracts won may be good for the sp in the short term but will lead to the inevitable slide shortly thereafter.
My point is that it will take a good few years for the sp to become stable and that will only happen with increasing and regular contracts. We are not at that stage yet because the industry is just establishing itself.
Dennis Schulz's recent statements hint strongly at imminent rapid growth for ITM without explicitly breaching any legal boundaries. It's time to acknowledge the signs and anticipate significant expansion ahead.
Disagreeing with the sentiment that a few contracts won't significantly impact the shareprice seems shortsighted, especially given recent market reactions. Take Fusion Fuel's example, where just an announcement of EU support for a 620MW green hydrogen factory led to a 400% spike in their stock price in a single day, despite retracing later. Reflecting on their share price journey from £0.50 in November to £4.00 post-announcement, it's clear that impactful news can indeed lead to substantial market movements. In the context of ITM, securing a few hundred million-pound contracts could very well trigger a similar or even greater surge, given its positioning on AIM, a market known for its volatility. The potential for rapid gains or losses is inherent, but it's the breakthrough announcements that often catalyse significant shifts in valuation.
Seriously, what's with the negativity? ITM just completed a successful 12-month turnaround, exceeded revenue targets, and is on the brink of sealing a massive deal with Shell for over 100MW. We're also in talks for another significant project. Patience is key, especially with the EU injecting funds into the industry. Let's focus on the positive momentum instead of getting frustrated over minor setbacks. We're on the verge of something big here, so let's keep our heads up and stay optimistic. Im calling 200 by the end of the year, all it takes is one contract mentioned above to be signed and we're off.
Who's Harry of these itunes clips?
Cheers Jim, I'm in for another 12 months, then will need to re-consider
Wig1
Although fuel cells and the like have been around for quite a few decades now, todays 'hydrogen' industry is in its infancy. As a share holder in ITM, CWR, PHE & AFC since 2017, I do not have any over-inflated expectations of immediate riches; certainly within the next five years, although it would be welcome. These are LONG-TERM investments. One or two orders in the immediate future will not send the share price sky-high. There are a host of other considerations to take into account.
Be patient, if you can!
Beginning to lose patience, over promised under delivered IMO. Yes, great figures but in desperate need of some orders.
And this is why: https://www.youtube.com/watch?v=nZysvgm2_Aw
Say no more.....
https://www.weforum.org/people/zanny-minton-beddoes/
Too busy with war atm.
https://www.usni.org/sites/default/files/styles/hero_image/public/magazine_uploads/images/MalleyFOJan13.jpg?itok=UbRpwWrM
One of the problems with Industry is that it pretty hard to decarbonise. The Economist has an interesting article this week. Basically they used to think that for stuff above 100C fossil fuels was the route. Technology in the form of some amazing new heat pumps into the 200C and even 500C area are beginning to change this. The other technology is heat storage which is bounding forward in leaps and bounds (everything from molten tin to hot rocks) can deliver temperatures in the 1000C to 2000C range which makes glass melting well into range. Finally some clever guys have learnt how to make cement without heat, just chemicals. The world is changing and needs economic pressures to drive these technologies. Over to you "governments".