Member Info for Castlepaul13

This is why I sold ITM and placed the funds in here.
One renewable energy stock I’d avoid today

The hydrogen stock in question is ITM Power (LSE:ITM). One part of the UK government’s ‘Green Industrial Revolution’ includes expanding hydrogen use, which is fantastic news for this business.

Traditionally, hydrogen is extracted from fossil fuels. But this process isn’t exactly environmentally-friendly. So, ITM Power found and patented an alternative method that converts water into oxygen and hydrogen without emitting any greenhouse gases.

That certainly sounds like promising technology to me, and investors seem to agree given that its share price has skyrocketed. Unfortunately, just like Tesla, the valuation has reached absurd and unsustainable levels in my eyes.

Today the renewable energy stock has a market cap of £3.1bn. When comparing this to its 2020 gross revenue of £3.3m, I begin to question the sanity of some investors. That’s a price-to-sales ratio of 939! In other words, investors are paying £939 for every £1 of revenue. And since the firm continues to lose money each year, it could be a long time before any profits are made.

Much like my opinion of Tesla, ITM Power looks like another case of ‘great business, bad stock’. But if the share price crashes, I’d certainly be looking to add the company to my portfolio.

Happy Days

Tick up due it's flashing green on my screen like mad
Very popular

I sold ITM and invested more here
This is a saving plan unfolding
It will pick up speed as the months go buy toward the end of the year .
I havealways said ITM mirrors PHE
More value for money to be built in here.
Hydroden and Electric can be made
The power of plastic waste hey who would of thought it
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Aproaching 180 and more
I have paid 240p before
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A slow creep up to 180p
On the BBC news UK trials with the covid will be finished in June?????
Seems a long time away !!
What's your opinions on this time frame ?
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SNG
Exellent stuff.

Would not want to be rainbow chasing
RNS could drop any time of the day
Its so close I can sniff it .
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It will do just warming up + 2pm American market
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Can it tick back up to 7p where I bought in please

Cool as steel
It is exiting but it's like dipping into the unknown with all these drill holes
Iv been here here a long time invested
The LOI is what were after
Packistan is in a right mess and need this Coal
A bit of gold for my teeth don't go a miss
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Over 600k pay out for clever Trevor
If I was him I would put my money were his mouth is or was it his big buys to come surely he would know how the fast test is progressing and the rest of the company investement
It's logical.
Bless my DAD passing over at the age of 91 last year with covid A symptomatic caught it in hospital but passed over with dementia.

My dad loved to read the Daily Mail
But he's dead now

NOT

It's like being at the dentist all this drilling
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Good morning
This will be one of the next updates I expect along side other site builds .
Don't forget we are Engineers not builders but we need a house for the machinery .
Contact news will come forward it's such a vast opportunity
Can you imagine when factories are up and running to capacity and you get Braking news PHE remove mass plastic waste to run hydrogen busses and trucks .
France have got hydrogen vehicles
Birmingham are changing to hydrogen busses .
Dodger there is not much news to research as we have a great board here.
It's like waiting for a kettle to boil for the first factory to be built it will go up quick and we hopefully will get some pictures .
Plastic can be be Fantastic
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I wonder if my fish had plastic in its belly.
The sea is full of it killing nature nasty stuff we need some one to get rid of it .
Tyre company's
Old tyres fly tipping we need to stop that.
Nylon carpet used unused old stock end of rolls b grade carpet manufactures need to make new room for new stock.
Plastic plastic plastic big problem !!
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Thanks Trevor

I think we all have some of Trevor Brown's shares
I wonder where he is .
All up from here on.

Dr Cave will be trying on his new 4ply nano mask by the end of the week
;-)

Lots of news to flow in comming weeks .
If I was TB I would not cut of my nose too spite my face .
Savvy investor comes to mind .
Giant tomatoe taste nano style and a mask to save the world
Happy Days