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I’m pretty close to Sizewell TM but then I’ve always preferred the leg on a turkey...... everyone’s a winner....
Maybe safer to employ the phrase 'and away' seangler ;~}
Always check your fish hasnt been swimming in 'small amount' of an "particularly dangerous and 'unusual' radioactive isotope.
https://www.thesun.co.uk/news/1298270/traces-of-radioactive-material-found-at-seaside-beauty-spot-near-decommissioned-nuclear-site/
https://beyondnuclearinternational.org/2019/03/31/the-even-madder-plan-to-build-a-new-nuclear-plant-on-the-beach/
There's nowt better than tucking into freshly caught dinner! Yum
Never tick the box which dis-applies your pre-emption rights. (AGM resolutions)
Tight lines Woody. Just arrived in Suffolk for 3 weeks. Beach gear at the ready. Hoping for a late season bass which will then be properly seasoned , ovened and introduced to a chip or two.
One is....... 'irritated' by climate change inaction.
JAWS...... “we’re gonna need a bigger boat”
GC...... “we’re gonna need a bigger factory”
Woody9...... “you’re gonna need a bigger wallet”
£5 ? Much too pessimistic (IMO)
Boyobach...your post on 6th Oct :" ITM has broken below a rather critical trend "
I think my exact words were: 'Dropping below the blue was not a good sign….A classic chart indicator that things might well get worse before they get better. '
‘Indicator‘ and ‘might’ are key words, of course and a lot can happen in seven trading days.
Fortunately ITM clung on to the knife edge for a couple of days until the sector got a boost on Tuesday and the cavalry arrived in the form of some positive news.
I still sold yesterday but bought back on today’s deep dip and the apparent news that ITM may finally be getting some orders. It still has to get over the red and isn’t out of the woods just yet, although things are a lot more positive than they seemed a week ago:
https://invst.ly/wbis1
CWR has been through a similar set of cycles and has also sent out warning signals at times. Both are ‘risky’ until the cash flows get going.
Price has moved exactly as forecast earlier today and is in line with the very positive outlook.
Bayobach...your post on 6th Oct///
" ITM has broken below a rather critical trend "
Bearing in mind that ITM closed at 387 on Monday, the placing price was entirely appropriate in my view. I took profits yesterday (a 20% rise over three days cannot be ignored) and was delighted to reacquire early this morning. It's a volatile stock and comes with no guarantees - especially with no real profits and cash flow as yet.
I agree, and generally move on when PI's get rough treatment with the awarding of cheaper shares to insiders and institutions. if they do it once they will no doubt do it again. I know this is how it often works but in my view it is really taking the p**s, and you know often when this happens the price will drift below this 400p level in a week or two as there are a whole bunch of sellers out there, the new people with their cheap shares making a profit, and a few others upset about being left out. So if you want more just wait it out.
In this case i am just going to leave my investment alone for the long term, but no more topping up from me in the future, unless it really collapses and i cannot help myself. 300-350 etc.
If you consider theirs is 'guaranteed' then I'd have thought you'd be happy that yours is also 'guaranteed' having bought in at 26p. I feel like their investment is helping to build a solid foundation that supports my holding. Personally though I wouldn't consider it a guarantee that it won't fall back below 400p at some point.
But you could have done it too. The issue that is more concerning to me is that all IPO or semi-IPO have to priced to sell and hence will always be priced below any market price. Which makes good sense to the bank supporting the deal but is the fundamental that I don't like (still it is how the market works). I've worked with the another organisation which is more like a utility and convinced them that the "drop" should be at a minimum. But given the ongoing specualitive nature of ITM it is a hard sell. Still the upside of the the speculative nature is the price moves a lot and often for no reason, so you wins some and you loses some. If you wanted a share that was more stable you should have chosen one like that.
what I dont like is that the institutions have been able to sell the stock at above 430p and replace it with stock at 400p - that is not speculation it is a guaranteed profit at my expense.
jobunya, if you wait until the announcement is made you're already too late. That's always the way with stocks. That's why it's considered speculation and sometimes you're right and sometimes you're wrong.
I have seen some idiotic comments in my time but to say I could have bought under 400p when there was no news as to when a new factory wouild be built, rather than following an announcement that two new factories are to built because of a soaring order book really takes the biscuit.
I can understand why some people feel like they've missed out, but that presupposes that this share will a) stop being volatile and b) just rocket to 700p and not look back. Of course it could do one, both or neither of these. There are still a lot of nay-sayers and if COP26 doesn't deliver an obvious green hydrogen win you could easily see this share back under 400p. In that case, if it goes back under 400p you would have been equally annoyed to have been 'forced' to participate at 400p yesterday.
I am trusting the reality of the situation becomes apparent and that 5GW of factories is considerably bigger than a 1GW factory and should be generously reflected in the market cap in a few years. Perhaps there will be further dilution before then but I can't believe it will ever be enough to dilute the share value by 80% over that time.
If you're disappointed not to be included in the 400p fundraise, you should be also asking yourself why didn't you pick up more shares under 400p at the many opportunities over the past few months. ITM always said they would expand with more factories. Yesterday's announcement may have brought it forward by a few years, but really, what were you waiting for?
Difficult to judge, a lot of pis would have been happy with the share price at £4 a couple of weeks ago but it seems a big discount after the recent spike to the £470s.
Also some would be saying the directors don't believe in it as they are not involved, so damned if you do damned if you don't!!!
Job, Then you can vote against it in the coming shareholders meeting, because the issue is not yet agreed. I shall vote in favour. This cash will accelerate expansion and we have not had to find it.
I have never posted here or anywhere else before. I started buying ITM at 26p in january 2019 so have no complaints about the shares and have no problem with an accelerated bookbuild though I would have liked the opportunity to participate.However I am pretty angry that the directors were able to participate when their shareholders were not I think that is pretty poor behavior and looks very like front running.
Well, I have (possibly foolishly) bought another 2600 shares at just over 431p. Hoping that we don’t drop to 400p, or anywhere near it!
Great news and development for ITM.
Managed to get 50% more, just after they opened. This took several attempts.
Very happy to be a LTH here.
Great to see jump in sales too.
I was waiting for a dip to buy in as I very much like ITM and the drive to Hydrogen. So just bought an initial stake..
Lets see where we are in a few years!
That is very unlikely given the future plans. An early dip will be followed by strong buying support IMHO.