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I’m sure we will get there Sharesport but the journey has already been long. I feel you are mistaking the odd clip round the ear amongst a sea of prods. Mentally I am placing myself on the naughty step but can I just say in the voice of the Haribo adverts “I didn’t start it”.
Hi Seaangler - I am a long term and happy holder as you will probably know. The prodding does seem to be getting more regular and widespread though. With H2 the penny doesn't seem to have fully dropped with the policymakers but more exiciting times ahead for sure. GLAH
Yes you're way off the mark Sharesport..... Way off and take your filter button with you.
@Seaangler,
Maybe a goldfish in a hyper-bole - Lol
@psmith64 - Still unsure of your motives re: continual predictions & warnings.
You've said that you are in love with the company. Are you also in love with the present investors here and want to save them from impending doom and gloom ? or obversely have a Schadenfreude complex and will get great satisfaction from proving your critics wrong and glorifying in their misery.
I think you’re off the mark there Sharesport. Nothing but happy holders here unless constantly prodded.
Bilbs , you’re probably right. Must get me a goldfish.
Not trying to insult you Smithy or even be rude. Some banter maybe. Should you ruffle feathers everywhere you go though? I don’t think people are being childish or however you describe them. Nothing wrong with posting contrary views either but bear in mind that most on here are invested and pardon the pun actually have a vested interest. Mystic Meg , a self congratulatory investing Guru , a daily bringer of doom and gloom predictions they probably don’t need. Personally it gives me a chuckle just try and cut to the chase if you could.
Trolls Bilbs as opposed to troll. Filter the garbage out is the way to go.
Guys, you are feeding a troll, use the filter.
1LEO........... that will depend on contracts ITM secure, at 175p it's worth a gamble that things come good.
At the moment it's not about where it goes in the future, but not paying too much for where it is now, and circa 260 is way over the top for the punt that it is in what is becoming a market with some other more well established players in it as far as contracts secured go.
Yes Seaangler, I know I have ruffled a few feathers on here, just as I have on other boards over the years when I post alternative views that people don't like to hear.
These boards are here for sharing views and it's amazing how those who don't like to hear a differing view turn to childish behaviour and insults, that only leads to one thing, more things they don't like hearing.
Less childish behaviour, less insults, equals less posts of what they don't like to hear.
Their choice.
When this share hits 1.75 where do you expect it to go to
Oh and by the way re your 13.19 post. In summary , H2 is the future , ITM will be part of that future , yet by the end of your post ( managed to stay awake because it was unusually short ) ITM is a speculative punt at best? Hansel and Gretel could be worth a read.
Smithy we will beg to differ. I bought this share in 2004 for somewhere approaching £3. Since then I have bought some , sold some , bought , sold etc. My initial £3 was based on hype at the time but not entirely because that ‘hype’ has brought us to where we are now , on the edge of something big to say the least. The SP has been all over the place since 2004 and I have made more £’s than on any other investment. That said , the scale of opportunities is Soooooooo big that I expect to do the same again and more. You constantly go on about requiring £500M turnover to justify the current SP , and again we will have to differ. Once things start to kick off this share will probably be in a multiple of 00’s for some time because growth will be exponential for quite a number of years. Should people wait and hope to save themselves a few pennies? Well that is up to them. They shouldn’t take my opinion as gospel because I’m not trying to influence anyone and that’s where we differ entirely because that is what you are constantly attempting and why you upset quite a few on this board.
More on co2 storage...
Investment For Banks & Oil Majors....
https://gcaptain.com/ocean-co2-storage-esg-investment/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Gcaptain+%28gCaptain.com%29
Yes taskmaster, I think he's up to his neck in it.
You miss the point Seaangler. Never has the future of Hydrogen been in doubt, and yes ITM will be part of that future, but at today's SP it is way over valued, of will be some time where it is anywhere near worth it current market cap, like when it has £ 500 million or contacts in the bag and looking at its current ability to win work in a competitive market that is going to be some years away.
I have in recent weeks looked for the shares that are far more realistically priced to take advantage of the future of Hydrogen and have taken positions in AFC, Powerhouse and Velocys. I am looking for the companies that have the chance to make 1000 - 2000 % plus profits over the next 5 years.
I have never been so certain about a share being so way overpriced as ITM is at the present and I stick with it falling back into the range of 150 -175p inside the next couple of months. That is when I will see it as a value share for the speculative punt that it still is.
tone, does that mean Boris is currently in the 'trough of disillusionment' ?
Presumably negative hype is acceptable Smithy? Your opinions outweigh those of all the companies investing in an H2 future and all the people striving for a greener cleaner brighter world. The reality is you just happen to have sold out and the share price has dipped a bit since. You got lucky. You got excited by an unheard of profit as regards your previous investments and now feel like you can predict the world. You can’t , no one can. Once again , take a look at how Covid and the prospects for the world as a whole has affected shares like BP and Shell. These are the supposed major rivals , with Tesla etc. , to ITM and they are currently sinking like the Titanic. The market is not predicting them to come back. They will , but never to the same levels as the world evolves. Whom do you think might fill the ensuing gap? The way the world is fuelled is changing as I type just like it did when fossil fuels came to the fore. You’re the guy who would have stood next to Mr.Shell as he stood next to the black stuff oozing out of ground saying “what do you mean we need a new shovel , I’m not paying for that”.
I like to think we're currently on the "Slope of Enlightenment" which must be the best time to invest. Hopefully the "Plateau of Production" isn't too far away either - mid 2020's I'd say.
In case you think all that is just speaking b*****ks. Check this out...
https://www.gartner.com/en/research/methodologies/gartner-hype-cycle
Investing on hype is a very dangerous game and that is exactly what has happened here at ITM the last 12 months. I admit I got caught up in it a bit but saw the green light to get out before it ends in tears and major loss of profit.
What has actually happened here since Linde took its major stake at 40p , nothing positive if you take into account a major reverse in turnover, cash burn increasing and a reported major loss of over £ 3 million on one of its flagship commercial contacts.
Since it's trading up date in 2019 where it was declared that ITM had a tender pipeline of over £ 400 million it's trading update of June 2020 confirmed that very little of that had been won.
Since it's 2020 update there has been very little news on new contract wins or finalisation of contacts under negotiation and also that matter of Dr Cooley off loading over £ 6 million of shares and another £ 5 million from other directors.
Since that last trading update we have had one RNS regarding an association with the Scotland hydrogen project, but with no financial information about it. That was about as much use as a chocolate fire guard.
Since the last trading update Dr Cooley has been pumping out loads of news about Hydrogen, yet none of it involves ITM, you have to ask yourself why.
Yes, it's very dangerous to invest on the back of hype, as many will find here especially those of the last three months who are now showing a loss on their investment here.
I would imagine the penny will drop soon and those holding on to the 12 month profits and beyond will start to review and protect those profits now. The gamble is how will those profits be affected by the soon to be released final results, they will need something really positive in them especially as Sheffield has today gone into tier three Covid-19 restrictions which will not be good news for people and businesses in the area.
Time to be very cautious.