Member Info for Digitalis

@Gazelleman - or as I say, given some of their decision making, Disney

Hi SpicyTuna, I disagree with your conclusion. If the price were to drop much further there would be a massive potential profit for an asset stripper sat in the bank. Seems a natural support buffer level to me. But as I've said before, two people can look at the same information and draw different conclusions.

I do agree the persistent suppression defies logic and is a frustration.

Cheers @onsolidground, I'll take your word for it as I wouldn't know beyond speculating. Likewise GL with your investments.

I'd settle for them realising that home produced energy is more important for national security - with a bonus that it is clean

I thought Bosch were developing their own PEM stack?

https://www.bosch-hydrogen-energy.com/pem-electrolysis/

I don't imagine this is the MMs. Over 2 million shares have changed hands in 2 hours, that's a standard day's worth already. I suspect there were a few autosells at opening because of the Ceres news and then someone started mopping up the shares, Qube?

On the sells, Dennis' post on LinkedIn last night won't have helped either, while he's absolutely correct, the EU does need to drop additionality of renewable generation from Green Hydrogen, the subtext was that the larger FIDs are gummed up behind that.

Bit more patience required.

Assuming this is the same Helikon their year end is 30th September

https://find-and-update.company-information.service.gov.uk/company/12237605

Might be a long wait

Glad to quote you @Bilbo - not the first time I've referred to your wisdom. Good luck on your investment

I've read it - where does it say ITM have been awarded a service contract? At the risk of being marked as a de-ramper (that would be ironic considering my previous posts) all I currently see it a commitment from ITM for 10years support which I read as a liability for ITM not an asset? A bit like getting a guarantee on a new washing machine. Potentially even greater risk if it is a parts and labour guarantee.

Or has someone seen a service contract?

@SpicyTuna, good luck with your investment. The heady heights of 55p would be welcome at the moment. I agree on the UK, see my previous comments and disappointment at flinging £22Billion into the black hole of carbon capture (pun intended) instead of getting on with the Hydrogen funding. Equally why I am more focused on the opportunities emerging in other territories.

@SpicyTuna

Thanks for that. I think we are broadly saying the same thing in different words.

I agree, they are not yet at breakeven as evidenced by continuing cashburn and what was said in the presentation. Heading in the right direction but not there yet. So equally, not turning a profit.

You may be correct that a lot of the fundraising purchasers have sold out to cause the drop (I don't know who they were to check) that is the ones I mean are sitting on their hands and not buying back in.

As for how many are left 56.7% of shares are in investors hands 350,027,403 shares as shown here:

https://itm-power.com/investors/shareholders

266,652,597 shares are therefore "in circulation" but only an average of around 3million are traded daily, so a lot of undeclared investors are still holding - no idea who.

So in short, I agree, more than the £150M orderbook is needed - hence why I think now is as good a time as any to buy (and did) as the SP can't drop much lower before it becomes a ripe target for asset strippers so I've reasoned at most I could lose 25% of my stake for possible a big uptick if the orders materialise which is looking promising. What I can't predict because my crystal ball is a bit cloudy is when those FIDs are going to land. But as Bilbo said the other day, "the trick to making money is getting to where the herd is going before they get there."

As I say AIM = Casino = Gamble, you pays your money, you takes your chance - don't bet more than you can afford to lose.

Hi SpicyTuna, we had a good chat a little while ago when you first started posting. I'll comment now in similar vein to our last conversation. You ask a very pertinent question. I don't know the answer to it, do you?

I can posit a theory, the same as I recently and Bilbo for as long as I've been watching this board - cashburn - until that drops to zero, investors who piled in at the higher prices a few years ago are sitting on their hands. There's a lot to indicate that the cashburn reduction is happening but until it is realized in accounts, it is an anchor dragging back the SP.

However, that doesn't mean now is not a good time to invest. As I've said before an investor is looking far ahead whereas a trader is looking short term, different motivations and different success criteria - also different mindsets that aren't necessarily compatible and able to understood by one over the other. Hey ho.

On the other hand, the case now is that the SP is give or take a penny or two, equivalent to cash in the bank - so completely discounting the stock, raw materials, IP, order book etc. If it were to drop materially more, say to 25p as I've seen suggested by some, then can you tell me why an asset stripper wouldn't come in and buy the company and take the cash for a minimum £40million profit on cash alone , nevermind divestment of the stock and inventory? On that basis,as this is AIM (or casino) stock - it is worth a punt. As I said sometime ago - never gamble with more than one can afford to lose.

@Troublesome - do you think it would do any good to convince Miliband to stop pouring £22Billion down the drain of CCUS and stick it into Hydrogen?

I mean if it would, then I guess, yes go for it Lord Bamford

@Troublesome - the question is, which Party would that be? I agree with Lord Bamford that all parties across the political divide are failing to see the potential for Hydrogen - at least in the UK. See my earlier posts, civil service in particular is being very obstructive and instead obsessed with electrification and digitalisation as solutions.

Fortunately though, we aren't reliant on politics in the UK - the UAE tie up with Morocco is encouraging, plus its own stated ambitions, Germany, Netherlands, Spain in EU, Norway, Australia - the realisation if the benefit of Hydrogen is there just need to keep plugging away (no pun intended).

@tc_smp found the news article it is aimed at commercial vehicles but I can't imagine they'd prevent cars.

https://www.aegisenergy.uk/news/aegis-energy-secures-100-million-to-build-uks-first-clean-multi-energy-refuelling-hubs-for-commercial-vehicles

The BMW is pilot at the moment so would probably have to be the Toyota but that is pricey at £50 - 60k give or take

I was trying to find the post but there's a project to rollout 8? stations in strategic locations, I'm excited by the one planned for Towcester which is just a few miles away from me. If that gets built, there's a strong temptation to look at the BMW ix5 or possibly the Toyota Mirai, not sure about the Hyundai - I had a bad experience with a petrol one years ago.

By the way I've always taken glah to mean Good Luck All Holders.

To which I can add I've finally managed to top-up by divesting some funds that had finally recovered since COVID and are looking a bit bubbly

Tc_smp - complete unknown, depends what uses Hydrogen is being put too and the Neptunes - but let us say for arguments sake, they are for refuelling stations in the UK for Hydrogen vehicles - there are currently 8000 petrol stations in the UK if they all bought 2 Neptunes that is a potential market in the UK of £69.6 Billion.

I'm not saying that is what they will be used for but they seem to fit quite well with that as a possible model. There are a myriad of other uses for Hydrogen from Aviation projects to Boats to Fertiliser to Heating to Iron Ore smelting (or any ore needing a reducing gas) to Glass production - you name it anywhere FF are used today. That seems a pretty big potential market to me.

We know the retail for Neptune V from Dennis post on LinkedIn 9 months ago - £4,350,000. While I hope the 400-500MW figure from the presentation is on the conservative side, I think it is closer to that than 150MW. At the same time as orders are coming in costs are going up through the recruitment plain to see on LinkedIn for fulfilment.

@Spuders aren't Thyssenkrupp's Alkaline rather than PEM?

Possibly the sound of a finger being wriggled if not actually extracted?

https://www.gov.uk/government/publications/hydrogen-production-business-model