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For better or worst I sold the rest of my holding today and took profit.
We must have a trading update due - looking back is never good news for a company where everything is going to happen in the future and the past is just spending for the future.
Will let things settle and then buy back in.
Compound interest works miracles remember.
Or maybe just keep running this winner. I don't need the cash right now.
350 seems a natural stop for today! Sell 10% today and another 10% tomorrow at 377?
It's coming to the point where I'm thinking about slicing some profits...
CryptoJoe, when it reaches 350 you will have a very good chance of doubling your money ;-)
Tongue very firmly embedded in cheek.
Very good point SatellitePro.
CJoe can you explain what you mean by buying on the next dip? So if this share rises to 440p then drops to 370 you’ll buy? Surely you have a figure you think it’s worth buying at?
I felt guilty not long ago after advising someone on a BB to buy at 160 and it retraced to 100. Not any more! For those who say this is way to high you can also say that before it was way too low. GLA.
I will be buying the next dip.
BKearney - Invariably there will be short-term losses or reductions in the share price as with any other company, whether it be for economic, political or business reasons. However, for ITM I believe the long-term trend will be upwards.
Well I got in few weeks ago nave just taken some more as, with the proviso that ITM have the ambition to take it all the way, I can't see this being anything than a long term hold for me. Also as a previous comment I can't see with JCB, Linde on board and Peter Hargreaves is no idiot......anywhere but progress
I am a new investor and got in when there was dip, it's now at 341p do you guys see it dropping or do you think it will continue to go up?
This train has left the station. ITM will continue to power ahead so I would get in now...probably a pullback to 310, but I’m thinking this will be a similar success comparable to OCADO and GAW...Only way is up:)
GLA
Jut top sliced 5%, the market is full of opportunities around the world at the moment. Even Ceres has come back and I really doubt their business model.
So let's try and measure what I can see.
At least two truck manufacturers moving into hydrogen trucks for long-distance work especially
Transport hydrogen infrastructure gently pushing into a number of countries most obviously CA, Jap, Germany, France and UK
Use of green hydrogen in industrial processes such as steel, oil modification, jet fuel across a number of European countries
The likes of Gensets using H2 growing especially around Bosch.
Linde and Shell both stepping into the game
Buses and trains by multiple companies, France, Germany, Holland moving towards H2
Home heating by modifying small CH4 systems and now larger CH4 systems in Europe on the plan but often using blue hydrogen.
The market is certainly appearing in front of ITM
Is ITM sufficiently dynamic to take advantage of the situation? Well with JCB/Linde as shareholders I hope so.
Great second rant. :-)
Toneman if we get bought out we want the SP to be as high as possible. Enjoy the ride - if it heads south so be it. Opportunity imho. Given the potential it would not surprise me at all if it tracks steadily up. The market is beyond huge.
Thanks for the honest and straightforward answer Way2L8. Much appreciated.
I totally agree with your summary of events. That's why I'm invested in ITM too.
I'm pretty sure the FOMO and widening spread of news is almost guaranteed to generate a bubble in this and related hydrogen/fuel cell stocks. It may be we're already in it. So far it's a fun ride.
Larky, I didn't predict a fall yesterday. I was simply pointing out that a large UT trade at the end of the day doesn't guarantee anything about the following day, and it can go either way...and often does.
I'm heavily invested in ITM, thank you, and so welcome the price rise. But to expect or want it to continue to rise at this rate potentially turns it into a bubble. Many people don't do their research and jump on a steep rising share which collapses when reality bites. I'm more on the side of chilting in thinking that a trading update is due, and without a completed factory the traded figures could be barely higher than previous ones. Those who haven't done their research then won't be able to justify the current SP.
Here is a snapshot of the figures I've been basing my investment on...
2018-19 Revenue: £8m (approx) - Share Price Range: 20p-60p
2021 Revenue: £30m - Share Price Range: 80p-240p
2025 Revenue: £480m - Share Price Range: 1200p-3600p
So my only concern is the current price is well ahead of my top estimate. I'd like someone to explain to me why my figures are too low and how £7 would be justifiable and maintainable by end of 2020.
Hi Toneman, to give your question an honest answer, no I can't put meat on the bone in terms of facts and figures. But as I said in my 'rant' (Tue 15:47) I have lived and breathed ITM and the environment it operates in over the last goodness knows how many years. We have moved from information only being available in the 'geek press' to the specialist press and to the tsunami of news we have now. Even showing its head above the parapet of the mainstream press. Second we have gone from Politicians rabbiting on about batteries are the answer and hydrogen is a dangerous concept many years away from reality to them donning yellow helmets and enthusing about the bright new future that hydrogen holds for us all. Third we have the global panic about how to deal with the demands of the Paris accord and the fear of being labled the dirty country, spurred on by the likes of our dear friend and advocate Greta Thunberg, the one person that the worlds politicians do not want to hear 'How Dare You' about their own country. They are also being hounded by their own voters to, Do Something, especially now they have smelt clean air due to covid 19. Fourth, we have the 'Flight from oil' major funds selling off their oil stocks for fear of losing investors. This in turn is pressuring major oil companies to act and move into alternative energy. Together with other influencers there is now a climate of change which is self fulfilling and amongst this along come ITM Power with its factory on the cusp of production, a fortuitous combination of good planning and happy circumstances. So no I can't put factual meat on the bone but I can feel the Zeitgeist that has gripped the world, that and fomo coupled with delivery of the first products will show the promise of alternatives like hydrogen. This in turn will create demand that I think will end in the doubling of the SP by the end of the year. But I could be wrong! :-)
The only dip your going to get is a Sherbet Dip .
Toneman, I’m struggling to understand you, are you invested here or not? Why would you not want the SP to continue to rise, yesterday you were predicting a fall due to the large UT trade appearing at the end of the day, that didn’t pan out did it, didn’t see an apology for getting it wrong? But if you keep getting it wrong maybe that’s a benefit to all invested here. We are invested here due to the massive opportunity in hydrogen energy, and believe ITM are putting themselves at the forefront to drive this forward.
Take this as an example ....
https://www.macrotrends.net/stocks/charts/TSLA/tesla/pe-ratio