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In any case it’s really dropping now. Like a feather in an updraught.
The other thing to do is to stop seeing share prices as a timed based graph which dumb-asses think show you what the future will look like. Think of ths shar prices as pin pricks all occuring over say 5 years. The graphical representatin actually makes us think a special way which is probably not relevant to the value of the company.
Naked trader offered me this
Never double down, sometimes double up.
Adding to that Bilbs, I like to follow a piece of old, but regular advice from Jim Cramer...don't buy your entire holding in one go. If it falls and you still like the story then you're still a buyer with a better price. Worst case scenario is it just keeps going up and you don't make all the profit you'd have wished for...and I'm sure that's a problem we'd all be happy to have.
I think there has to be an even clearer message.
DON'T buy a share if you havn't set a target for it and a sell price for it.
That plan can be as simple or as complex as you like but the last time you should be making that decision is when you are watching the share price fall. You should make that decision when you are calm and sensible with a clear vision of what you are trying to achieve. Certainly don't ask a bunch of nice strangers on the web what to do. ;-)
People should remember that practically one year ago exactly, the placing for funds to build the factory happened which valued the company at about 240mln. Compared to that point ITM is doing fantastically well.
Porsche918, I have been saying for months that the current SP is way overpriced and am expecting further falls to circa 175p.
Covid-19 aside which is affecting the wider market, a market capitalisation of £ 1.2 billion for ITM with where it is at the moment is just too top heavy.
Very little news specific to ITM the last 12 months that justified a hike to 365p, it just got caught up in the H2 hype.
Even with all the prospects in the EU, the European H2 shares have taken a dive in recent months.
Long term you will get your money back and more for sure if ITM can start pulling in the contracts, and get the prices right.
Porche918 don't sell just double up at lower prices to get a better overall average. We are at the begining of a long journey and in 5 yrs you wont regret it. UK is a bit behind the drag curve but ITM will be a pathfinder once the new factory comes online.
What would make this jump is an RNS about the new factory progress and details about potential purchases from the new factory. Always useful to compare against the competition: NEL are getting more orders, even from the factory they are currently building (c.f. electrolysers for Nikola) and they publish detailed presentations about progress on the investor relations section of their website.
ITM should set their ambitions higher now. The occasional RNS about a 10MW sale is small potatoes for a market cap of more than 1 billion, especially when they don't put a delivery date estimate in.
I agree with much of what you say. From basic numbers theory there would have to be something significant happening to take it out of its band 230- 370, such as a annual report. 200 seems unlikely without a reason
Morning Porsche - yes very frustrating to see the SP dropping after such a nice surge last week (or was it the week before?).
However, I don't think we can ignore the impact on the wider market that Covid is having - the downturn here coincides with the market overall taking a hammering - and any of the 'punt' cash is going into the Covid stocks. I've got long positions here and in some other H2 stocks, that's where my focus has been all year - however, my head has been turned by some of the Covid stocks that are showing some really quick returns. That'll run out of steam eventually so I wouldn't be surprised if the focus comes back here afterwards.
You only have to look on the BBC headline pages - at the end of last year you could guarantee a story every day about climate change, plastic, the environment, pollution, emissions scandals, anything of the sort - now it's COVID COVID COVID COVID COVID US ELECTION INCOMPETENT GOVERNMENT U-TURN COVID COVID.
Eventually the tide will turn and people will remember that the world is on fire and needs saving, and that is when 356 will look like a bargain - have faith and remember the fundamental reasons you invested into this company, this is where the future of power lies.
What is happening to this share. Unfortunately bought it to high 3.56! but I do believe in the future of itm but probably not with the current management, they don't seem to be able to sell.
I now won't be surprised to see this at £2.00 or less very soon.
Much as I'd like to sell and re buy at a lower rate my loss would be too big. Happy to hear opinions.
From other posts it seems that the management took their millions and are concentrated on the Sheffield plant. Fair enough but they do need to sell their products and services. Can't just expect their partners like shell and linde to do the work.
Ceres on the other hand seems to be the exact opposite in terms of management.