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The share price suggests that people might be starting to recognise that the results are 'normal' and to be expected. The story hasn't changed. Still optimistic.
Nothing weakens a case... more than overstating it. So it's good to be in a company that tells things as they really are. What we don't want is hype. Just facts.
Had hoped for slightly better sales over the period. Seems like we’ve been carrying 30m of orders for ever? Much as I hate the ‘pipeline’ approach it’s good to see a rise of nearly 10m.
As regards the report ITM just don’t do flowery, and that’s good news. The pictures they paint are wholly produced in charcoal , there’s no bright colour palette. No bigging up , no making excuses.
Compared to previous updates I would say the SP is holding up well. In summary , much as expected , early doors , fantastic prospects , comparisons with SXX frankly ridiculous and I’m invested there too.
I agree as expected albeit somewhat surprised how low revenue was compared to the 2018 contracted value and the hit they have recognised for project delays. Fuel sales on the other hand representing 10% of revenue is an interesting number . I will wait patiently for a point to buy in again as I am sure ITM have a great future ahead of it.
Report is as expected. No surprises for me. Lots of automatic trades wholly predictable in my view.
Strong cash position, new factory fit out underway and great connects to blue chips.
No need to panic at all , look for the buying opportunities . GLA.
The turning point should be the factory completion at Bessemer park in Q3 2020 - but its all spend this year - I guess bigger rewards will start to come in 2021.
Unfortunately the results posted today were always going to look like that. It is important to remember that you buy shares in a company based on where you think it's going not where it's been. Results postings can only report factual numbers and they're always in the past...even the pipeline numbers are only the ones they know about. On a personal level, I'm still confident that the future potential is much much bigger, but those reports days are still a year or more away.
One number that could have been nicer is the opportunity pipeline. In the coming year would like to see that grow a lot, since it is essentially an optimistic upper bound on the possible future revenue (optimistic as it assumes ITM win every tender, which would be nice)...
Was disappointed that it wasn't bigger.
Agree, but again it’s quite wrong to link ITM to SXX the two are chalk and cheese. ITM is an established business, in the clean energy sector, that is funded, has cash on the balance sheet, a product that is in demand, a new bigger factory under construction and a world class JV partner/investor in Linde.
Is what it is. Just saying future prospects s just that.
ATB
Very sorry for your loss, but the two companies are like chalk and cheese. For a start ITM has no debt and has fully funded and holds cash already for the factory build etc. SXX never ever had the billions they needed to develop the mine secured - it was a total wing and a prayer job and I looked at, but until funding was actually in place it was always like placing money on one number in roulette
I Invested in a company with great future potential. If you want to know what happened to that just check out Sxx board.
Given that we know
1) the lead time of production of individual units and
2) the quoted lead time for the factory fit out
3) we can estimate the set up time for Itm linde Sales and marketing pipeline
Did anyone really expect a RNS any more interesting than this?
Looking back is often painful for a growing company - its the future that maters.
They need a better charismatic bod and PR.....management are not good in promoting ITM. Tgey need help to project ITM in a better picture..
I agree today’s rns is dull as if nothing much is happening since.
We need to hear more of future progressive growth news and so is the market..
come on on guys please get it more charismatic and show us the potentials.
This is up to the end of October, so no itawani, no linde, no hydeploy in the numbers. Not that the first has done anything yet based on RNS output.
I think graham has said- 'Linde will make this fly and we will focus on manufacturing enough product'. My guess is Linde will take over completely once the new factory is in production.
Had a scan read and in line with what I expected. Lets not forget the massive progress with Linde.
Fair comment - although I was not expecting fireworks. Realistic and measured but there are some worrying elements in there - guess we (I) have got a little too excited but thoughts of rapid progress.
We knew it'd not be too exciting, if you expected more that's your expectations that are causing the problem.
First, very fast, read. Far from thrilled - hope a ore detailed reading will cheer me up - fear it will not.