Member Info for cureboy

Who knows and quite frankly, who cares. There are big deals to be announced imminently. We are waiting on news of 420mw of deals in the shorter term. £400m+ revenue. Tip of the iceberg stuff.

There is no way £4 would be deemed an acceptable off to major shareholders here.

Big news coming I'm sure. FIDs imminent.

On a related note, I wonder if a move to the FTSE250 is appropriate now, given the companies' maturity? If pension funds are allowed to start ploughing in that will be a huge deal for ITM. The UK government now mandate pension companies to invest a minimum amount in UK companies. Minimum amounts = billions.

Nice one, vamosbien.

Nope. You can use either or. Revenue or EBITDA.

In ITMs case EBITDA doesn't actually tell you alot right now. Waiting for large revenues and ARR.

Good post.

I'm keeping an eye on revenues from here on in. Broadly speaking apply 15-20x multiple to that to give you a sense of valuation.

£50m revenue - £1 billion market cap - where we are now give or take.

£100million revenue - £2billion market cap -£2.90 per share.

£500million revenue -£10billion market cap - £14.50 per share.

It's not an exact science but just to give everyone a rough idea. They also have £200million in cash with more EU grants to come I expect.

Project Horizon alone is 1GW annual production target. Annual recurring revenue we do not know but possibly around £750million per year? And this is just one project.

Hydropulse deals to come. Don't be selling cheap now...

Any approach would be unsolicited and force another rocket up the share price's ass. I don't think takeover is on the cards for a few years myself. Here for the long haul.

Should be taken out of your hands anyway if you're a long term investor. They will end up being taken over. Its a few years away imo, but it will happen. Shell or Linde would be my bet. Hopefully when ITM are generating a billion plus revenue...

News could land on a FID at anytime. I'm especially interested in the Asia 300MW project announced last year which would equate to £300million revenue roughly speaking.

The current £1.3billion market cap will start to look silly once the company is turning over hundreds of millions. Think £5-10billion market cap.

Agreed. It would be great for FIDs to land around now.

Yep, down to the individual.

My main holding here is in a SIPP which I cannot access for at least another 12 years so I'm holding for a 5x/10x valuation. I would like to see £1 billion revenue in the medium term. I have no incentive to sell, I only see ITM becoming huge in the hydrogen market as a market leader in PEM technology. Shorts don't concern me at all. Irrelevant.

Market cap is currently £1.2billion. Still extremely low considering the revenue pipeline. Over £400million in deals imminent from 420mw+ which is 10x the current revenue forcast.

I won't be entertaining any selling until the market cap is £5-10billion. Have a few years to wait.

I think just do your own research and attend investor presentations. Clickbait articles aren't going to help you.

If you don't believe ITM can generate hundreds of millions/billions in revenue in the coming years then don't invest.

Personally I think they can. Food for thought - on a 20x company valuation (which is at the lower end, (Plug is over 30x) multiple they need £500million in revenue to hit a £10billion market cap = £15 per share. The potential here is massive, just need patience.

Ah the Fool.. let me guess, ITM is a great company with great prospects but the writer wouldn't invest?

Try to ignore the recent rise in share price, it's very early stages and it means nothing. The recent deals are huge and massive revenues will follow.

Wait for revenue to be in the hundreds of millions, then eventually into the billions. Multiply that by a valuation factor of 20x to get the market cap (Plug have 30x valuation). Do not sell cheap.

In a few years let's say ITM hits £1billion revenue which is around 1.5GW of deals (pipeline is 20GW btw). Market cap should be £15-20billion. That's 15-20 times the current share price. £33 per share.

For reference - Linde's market cap is £237 billion.

You can see where this is going. Focus on revenues, attend investor presentations and don't sell cheap. Don't be fooled by the market trickery. Know the numbers.

Eventually I think ITM will get bought by Linde or someone else. Even more incentive to never sell.

Buy or hold and have patience. In 2/3 years the market cap here will be off the charts.

What a load of charts and farts crap there.

FIDs imminent on over 400mw deals. That's over £400million revenue. 10x this year's guidance.

£5billion market cap next target -£7.30 ISH.

Still able to reduce and the share price drops. Hmmmm.

I would like FID news to really blast them out of the water.

Spot on. Waiting for the 120MW and 20mw FIDs and also the 300MW Asia project FID.

Over £400m in potential revenue.