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bought these shares when they were about 40p, and thought myself very clever when I sold at about 70p. Ever since my jaw has been dropping in amazement.
There's no doubt the company has a great future and is in a great space, but is it really worth £1.2bn right now? Will the stratospheric rise continue?
Please don't accuse me of deramping - I'm most certainly not, as I happen to think it's a really good company. I want to reinvest, but I really am struggling with the current valuation.
Was thinking excatly the same! Price seems barmy in such a short space of time, went a lot faster after the big share tip but not stopping it.....it's a bit like the AVCT in this sector.
I know what you mean. I sold some a couple of months back then bought in again at a higher price. Then I sold some a couple of days ago and bought in again and sold more today at 255. I've always kept a chunk though but have constantly been waiting for the drop that hasn't happened. Not complaining though.
Just hoping AFC do something similar as unfortunately I put twice as much into them and they're currently worth half what I paid where as here my original buy was sub 40p. :)
I am an investor and have lost out massively with Igas yet still hold because back in the day my thought process as today is simple like Warren Buffets.Simply put is there value in a stock is it reasonably to think that the product or service brings value over a long term period.The reason i think this share is still undervalued is because the race has not begun in earnest moving forward with regards decarbonisation, every single country is reliant on power thats a given thinking forward as this company is as far as im concerned its a non brainer .My personal feelings are that this company is at the forefront of a leading technology and with further government initiatives only move upwards because realistically we cannot disagree with the facts of climate change unless yr trump and he was able to fool the people one time but i dont think the second time lets see.
Is there a smell of takeover?
Possibly a takeover in prospect? Shares don’t usually go up 25% in a day without news for no reason.
Speculation or are we missing the point ie the focus is slowly shifting from a worldwide covid epidemic and to the most pressing questions for mankind?Sustainabilty is the prime motivation for worldwide governments , the board i in my opinion would not seek to sell out when they have plodded along for these many years to see the blossoming not yet the full fruit of their endeavours i may be wrong and mankind may only seek pound notes .My opinion is this ceo of a certain age wants to encourage moving forward for their own families and mankind to have the ability of sustainability ,six figure amounts or more are no good when yr six feet under no matter what persuasion you are of.
You are confusing news and news of something. ITM has been in the papers over the weekend. No change in the business though.
dsc1978, not having a specific rns is not the same thing as no news. ITM was the main focus of Ian Cowie's weekly article in the Sunday Times and in general hydrogen and clean energy is all over the news where it matters.
Sorry Bilbo, you beat me to it.
I didn't read The Sunday Times, but this isn't the first time that ITM has been featured in the newspapers in the last few months. It's quite often ITM are mentioned. Not that I'm complaining. :D
AFC once enquires turn to orders as undoubtably they will, until then I’ll keep picking up at a nice price, ITM It’s going to be interesting to see were the the price is end of play this week.
That's a lot of afc shares you could buy, it's like the tech bubble a few years back! Get it right and you are made chap!
Hold on. What about :
RNS 8776J 16th April Green Hydrogen for Humberside, RNS 3948L 30th April Funding award to supply 8MW Electroliser, RNS 9779M 15th May Formation of ITM Motive and appointment of MD, RNS 7401N 22nd May H2oZ Bus project in Australia. All these in the last two months. These are all solid project news ,not media hype. I do not get the Times. Too expensive for me but maybe the media are just catching up . Is there a link to the article so I can read it? What I am more interested in is news of progress on the new factory build. I assume it has started. When up and running, this will be the game changer , transforming ITM from an R&D company to an A list production company.
Just found the RNS 1964G 22nd July 2019 announcing the signing of the lease on the site. I am not clear if this includes any buildings to occupy.. It predicted build completion Q4 2019. So not so good ,but probably Covid has something to do with the slipage.
Building is complete and being fitted out as I understand. Last statement suggested completion in September
Thanks Whatabout. Where was the announcement?
The factory is indeed in its ‘fitout’ phase. As I understand it, completion Q4/20. Slight slippage down to Covid19. But it needs orders soon to justify the SP. Numbers do not stack up at moment!
OK Mucker 007. I'm Not very good on numbers. Could you elaborate? It seems to me there ARE orders but I suppose you mean not enough. Something to do with the earnings per share I believe.
operastar, regarding the Times/Sunday Times, I can recommend signing up for their two free articles per week. That's what I do and it's enough to catch up with the Ian Cowie column each week. Here's a link to this week's column (one with ITM) in case you want to try the free subscription method.
https://www.thetimes.co.uk/article/out-of-the-blue-how-my-stake-in-a-green-future-is-gaining-ground-fg7r3n3z6
This appears to priced on a future where the factory needs to be producing a lot more product that we are currently producing. So people are looking to the future, each rise in sp means that the future has to be even better, and if it falls short then the price will fall, the fall will trigger more people selling and then it'll settle at something more supportable with the actual sales at that point, and grow as the sales and promise of sales grows.
I am not sure that conventional wisdom will apply given the unique circumstances surrounding this situation. Tomorrow will be v. interesting.....
Exactly why I'm holding off to invest more now that the SP has grown so much recently. I imagine when sales start coming in and contracts add up, it will likely cause a rerate back to a more realistic figure based on those earnings, as it will have a more concrete support basis that way. Unless an astronomical contract comes in for them, that is. I may end up kicking myself for not topping up now, but this is some pretty crazy growth.