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If there is a good hydrogen ETF, then I'd be interested in that. Some Tech ETFs are excellent, taking the hassle out of staring at the screen all day, plus do the pound/dollar averaging per month and you will make 40% return per annum, like the ESPO one that recently got started. Balanced portfolios are the key, obviously.
Yup not interested in trackers myself at all. Lazy.
As long as there is a bit of value to be had price of a placing doesn't really matter.
In recent times I took my options on Whitbread at 1500p. I bought back in there ñot long back and had no hesitation in taking my rights up there.
I believe it's a good long term recovery stock.
Lindsell is not one of them having screwed up in October 19
Jules makes a good point. A few, easily found funds make 15-20% year in year out. They have ability and ok they charge just the wrong side of 1% I don't mind. Trackers seldom have the legs.
psmith64, I can't agree with your desire to have the SP above 400p when the next funding round emerges. Offers are typically placed only a few percent below a recent market level, so for me the lower the better. I'm much happier that the share price was near 40p last October when we last funded than if it had been done just a few months later at over 100p. Imagine if we'd been forced to participate at the 120p level in December. I can't imagine that would make you happier than the 40p your were offered instead, does it?
Not entirely true...look at Lindsell Train and Baillie Gifford for example,....
Agree, but my missus can be very influential in the decision-making process.
Not that it matters much as I'm always responsible for any mistakes, no matter how small.
Thanks to those who responded to my previous post and am much in agreement regards gasification etc...
As always, I will continue to manage my own fund.
I could never blindly trust anyone one else to make financial decisions on my part.
If a mistake is going to made , and I have made a few over time, I would rather be responsible for it.
I am just glad I did the research 5 years ago regarding hydrogen and took my main punts back then. It's the first time I have done well out of a high risk situation having had a few disasters in the past.
I hope the next five years is as good as the past, I believe it will be looking at where we are today regarding hydrogen.
Fund managers are often a complete let-down and worse (eg Woodford). Steer well clear and do your own H2 fund and/or use trackers is better imho. Watch Orlando the cat choose stocks...https://www.youtube.com/watch?v=Aac7rQMZjaY
It wouldn't even surprise me that with the future launch of a hydrogen investment fund as per my previous post this morning that to keep price stability then new shares at the could be issued at the SP prevailing at the time.
ITM out of all the hydrogen companies I am in at the moment does excite me the most being dedicated to green hydrogen and also the motive sector where major growth is a definite as batteries alone will not suffice.
Once people see car's being fuled in a green way pretty much in the timescale of the cars of today it will be a no brainer for the fuel cell powered car to become more mainstream.
With the potential of a major period of growth over the next few years it's a racing certainty that ITM will need to place more shares in the future, to think otherwise would be foolhardy.
That is why we need some good price stability.
I believe that fund raise will certainly come inside the next 18 months and all being well the SP will be above 400p by then so any fall back if the shares are offered at a lower price then long term investors will be well protected.
Look in the RNS for details of cash burn and recent cash holding.
At the last trading update £ 38 million.
I don't think ITM would have any problem raising funds should it be necessary.
I would imagine once the order books start to fill we may see a fund raise to help with quicker expansion which may include new plants in the Euro zone.
How much cash does ITM have in the bank?
CWR has 100 million in the bank.