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Chinese make many different types. But.... Chinese government steers tehnology to be followed because many MPs (or similar ;-) ) are engineers not Historians. Hence they will solve the technology, it just about when. Politics, friend-shoring etc will be the future for a bit, the markets for sales though will be world wide. Missing out on supplying into high CO2 generating countries will be dissapointing. Not everyone is West or East an lot of custom will come from the true non-aligned.
This is strange surely this should riseing not dropping after a brilliant up date and good buying pressure
Perhaps?..., "it's just an aim company, give the job to the work experience girl/guy, it will be good for them"
Denis's Shell hint of positive news in the last few days in support of the "Reservation of Capacity" was sufficient for me. Looks like it will definitely be happening so will be looking to add. High calibre Tier 1 client in my book and others will follow.
dyor.
How the hell can you have 1 broker saying target price 150 from 140, outperform, and then another the same day saying target price 46 from 45 and a sell rating, well one might get it right.
As this company get closer to profitability the shorts will need to get out. There is a big short closing in the background or a heavy buyer who is willing to buy everything that is sold.
All in my opinion as always, expecting a rise today as the day progresses.
I am not invested for long term, here until 0.75
GLA
Hubster1 I take your point regarding energy security and we saw how seriously the Govt takes this in relation to the Huawei telecommunications contracts. Only time will tell whether the Rolls-Royce solution is the one to go for.
At 17:47 last night there was a trade showing @57.90 of 1,288,697 shares costing £746.16k I am thinking this was done fairly early yesterday morning which is contributed to the yesterdays rise. It probably took awhile to fill that order. There were a few other biggish orders like this one, 18:06pm @59.846 286,725 shares costing £171.59k
The drive for energy security will drive contracts for ITM, even if China undercuts on price; It's no co-incidence that you see a company such as Kawasaki visiting a British company. Reliance on China is seen as a risk, as their Government has the power to de-rail any private contracts, and worse.
Come on ITM time to shine
Let’s go
As far as I am aware most of the Chinese competitors are alkaline electrolysis. PEM is more efficient and better matched to intermittent renewables. I suspect that Chinese may well pump up their PEM production. Article below outlines state of play as of mid 2023.
Looks like the 2023 pause in FIDs for projects may accidentally have allowed ITM to get their house in order.
https://www.hydrogeninsight.com/production/worlds-largest-pem-green-hydrogen-project-announced-in-china-backed-by-4-5bn-of-investment/2-1-1479258
Today is a game-changer for ITM Power, dropping the word "profit" bomb for the first time. Dennis spilled the tea on a fourfold revenue boost, all while keeping their cash stash well intact. He's basically saying they're on standby for big contracts and waiting for inflation to cool off a bit more. Brace yourself for a wild ride in the next 12 months!
ITM will certainly have to differentiate their technology from that of the Chinese competition or they will be excluded from most of the major markets. I have no idea how they will do this but it's a straightforward bet, as Bilbo has indicated. I have not seen the presentation but read with interest the comments it, which appear to be positive.
Https://www.marketwatch.com/investing/stock/itmpf
According to the US price it’s a lot higher
ITM will certainly have to differentiate their technology from that of the Chinese competition or they will be excluded from most of the major markets. I have no idea how they will do this but it's a straightforward bet, as Bilbo has indicated. I have not seen the presentation but read with interest the comments it, which appear to be positive.
You don't need to worry about the Chinese making their inferior products. There will be a big market for ITM to go at.
The valuation of this business is tricky because it has failed to get to Unicorn status over 15+ years. It is ahead of the game and the market. For me the dangers are the Chinese work out hoe to do it as well but cheaper. If they do then ITM is worth the cash in the bank. If they don't and ITM keep developing a moat of services they could become a serious player.
So you bet's your money and you takes your choice. This is, at the end of day, not a plodding 15% a year investment, this is closer to a bet with returns of 100s%. If Dennis's work on expanding the geography of his distribution network so it clicks into place during 2024 then the bet will have been won.
One the pleasures of this thread is the quality of the comments and despite today's excitement and end of term feel there are still some pro/quality responses. Then there are those whose who rather than hiding their ignorance by keeping silent demonstrate it by repeating stuff. For these I have the opportunity to raise my filter level to 200 people.
ITM are also run by an excellent team that has delivered against a difficult backdrop. Mr Schultz has not commit to increase the full year revenue target, but the evidence today suggested to me that he knows how to put together a beat, while keeping it real with the market. In my judgement the board are quietly confident.
The news of a new product has 'positive news ahead' written all over it - and the news we all want of new contracts and confirmation of final investment decisions is a matter when not if.
"Someone sensible please show me one good in this update"
I hope I'm sensible. I read the update and watched the presentation. I can't be sure without checking (which I won't do) what was the source of the information.
They have best in class technology - world wide. Green Hydrogen is going to grow exponentially. Governments around the world are pumping money into the sector. Their technology is compliant with countries' legislation throughout the western world (except Australia which they are addressing.) They have transformed their operations in the last year, are more focussed, more streamlined, have reduced costs. They have the capacity to respond quickly to enquiries. They are talking to and have existing relationships with huge businesses (e.g. Linde, Shell)
Having said all this of course they are still loss making, their share price is way below historic highs. Most of the euphoria on this board today is way out of proportion to the announcement. But they sound as if there is great potential and they are in a position to take advantage of it.
Hope this helps.
You must have heard of Amazon
A not altogether reassuring assessment.
Well done new buyers including myself :-)