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Thanks SP. Informative and amusing as always. Wish I was more of an N but we have enough to go round. Don’t wish to sound like a D but I feel privileged to be here at times with the general level of posts from our contributors. Most of them anyway.
Seaangler I totally agree your earlier comments about the excellent input we get from posters on this board. Regarding an alternative name for the Nerd contest I also agree with your feelings - does Dork works better? Noun. Dork (plural dorks) (derogatory, slang) A quirky, silly and/or stupid, socially inept person, or one who is out of touch with contemporary trends. Often confused with nerd and geek, but does not imply the same level of intelligence.
Thanks Bilbo - that is very sound advice. RH69 - I am investing for the grand-children and on that timescale all these H2 stocks should give very good returns. If you are investing on a much shorter timeframe and are worried about Covid impact and Brexit then sure - go to low risk investments.
Hi Bilbo, making your point for you. "Shell well can you remember the last gob-stopping advert from them" . I can indeed. "Keep going, well keep going Shell. You can go well with Shell Shell Shell. You can go well with SHELL". And that really dates me. Of course the tune helps.
Example to look at regarding funding in the current hydrogen bubble.
Look at RNS from Hex and seperately Nel.
Look at the Spring sell out by Bod here.
Look at the Spring RNS from ITM regarding headwinds and assess if things have slowed or not.
Step back. Cold drink and ask currently in the short term would you put your parents money in the general market especially Hydrogen in a bubble ?
There are a few more things to think about
1) starting a manufacturing plant. I've run a very large factory in my time (similar in size to this one) and I negotiated contracts for my products so the customers paid for the raw materials before I needed them so ITM could build its work in progress completely from customer cash, I've advised their FD of this manner of business practise but will they do it? I don't know
2) remember you are not investing in the company you are investing in the share price and in any benefits (ie dividends) that accrue. So the company is only a poor measure of what the share price will do
3) another funding round should not worry you, yes it will debase the price a bit but it makes a type of floor to the share price. I would also balance the danger of a funding round against missing a Linde/Shell bid for the company and the premium that would come from that.
4) if I was coming in I would try and buy at the 240 price point. With Brexit and Covid such a price will come along, probably
Not making a profit.... I have to admit to have a made a lot of money from investing in a regularly loss maing company called Amazon.
I invest a fair few loss making companies and they normally see me doing very well. My concerns here would be
1) Hydrogen is still not bubbling like batteries. Why? 'cause Tesla is a master marketeer
2) the likes of Mirai, Linde, Shell are pretty terrible at marketing. I know Linde well and frankly their marketing is what you would expect of a gas supplier. They have a god given gas and a price and .... that's it. Shell well can you remember the last gob-stopping advert from them. Mirai... I think I make my point
3) The CEO of ITM is not good enough
My investment criteria are different as I invest to make myself 11% per year every year and ITM fit happily into that selection until they drop below 240p.
Always DYOR.
Enclosed is all IMHO.
I dont buy any of the negativity on the board about funding and share price .
ITM are in the right place at the right time with the right product in an expanding market.
There seem to be some who know more about what's going on at ITM than the board. Lets have a look at updates from the Linde JV and Results, none of which are a surprise.
From JV - “We are seeing increasing global demand for hydrogen as a solution to renewable energy storage needs and the decarbonisation of major industrial processes. The fundraising and our partnership with Linde will help us to meet this demand on a growing scale, deliver efficiencies throughout our supply chain and represents a significant step on our pathway to medium-term profitability”
From last results - • Rapid hydrogen market development - three European governments have stated explicit electrolyser targets for 2030: Germany 5GW, Holland 3-4GW and Portugal 2GW
• Cash position £41.0m at year end, £38.5m at the end of May
From results - The adjusted EBITDA2 (unaudited) loss from operations is in line with expectations.
Always DYOR.
Enclosed is all IMHO.
I dont buy any of the negativity on the board about funding and share price .
ITM are in the right place at the right time with the right product in an expanding market.
There seem to be some who know more about what's going on at ITM than the board. Lets have a look at updates from the Linde JV and Results, none of which are a surprise.
From JV - “We are seeing increasing global demand for hydrogen as a solution to renewable energy storage needs and the decarbonisation of major industrial processes. The fundraising and our partnership with Linde will help us to meet this demand on a growing scale, deliver efficiencies throughout our supply chain and represents a significant step on our pathway to medium-term profitability”
From last results - • Rapid hydrogen market development - three European governments have stated explicit electrolyser targets for 2030: Germany 5GW, Holland 3-4GW and Portugal 2GW
• Cash position £41.0m at year end, £38.5m at the end of May
From results - The adjusted EBITDA2 (unaudited) loss from operations is in line with expectations.