Member Info for Eastwood

There was a 200k sell Digi at 09:03 which I think dropped it and then it climbed back up, so I think I could see the price fluctuating maybe because of this, but as we know you can never be sure.

Currently sitting at 161.50. I think you could be right with a run upwards but with the volume slowing down it is a bit difficult to tell. Well for me anyway. I don't use charts I leave that to people like you and my friend Myoung to tell me.

L2 is all over the place this morning. If others are seeing it?

To me looks like a tussle in the background. 2m vol traded.

It works with my android IG App. I created an account but have not put anything in there. Been OK for the last 18 months.

Https://www.gasworld.com/story/air-liquide-sees-renewed-interest-in-hydrogen-as-energy-fears-rise/2247989.article/

I think we need to clear something up here. When speaking with Justin yesterday we briefly spoke about ITM brokers. Justin told me the below

Peel Hunt is ‘not part of the ITM team’ and never has been. In October 2024, we announced that Berenberg and JPM were appointed as our new joint corporate brokers, replacing Investec.

This was announced in Oct 2024 when the Share Price was 40p.

161 has been breached a few times on L2. 3.4m vol traded.

At 161 Helikon should have about £2m to £2.2m in profit.

Qube on the other hand is just deeper in the red.

I know most of us are not bothered by the shorts etc but exiting is helpful to ITM.

Gazelleman did you come right with L2 from the message I left on FB ITM group?

Helikon from 1.99% to 1.84%

Qube from 1.01% to 0.95% They were 0.94% and went back to 1.01%

Voleon from 0.68% to 0.70%

Hey Digi,

Justin and I have an agreement that if we (As in the posters on this board) feel a poster is getting out of hand like Spicy did, I am welcome to flag it and steps will be taken.

I am not one to go shouting for every post as people should have opinions even if we don't always agree. However when you start spamming and consistently talk a company down, well then we don't need to go back to the Spicy days.

It would be worth noting that ITM do read this board now and again.

Morning All,

I had a call with Justin this morning to discuss the Morgan Stanley note on ITM Power. Thank you Justin for being accessible and willing to go over it with me.

Key takeaways below. Please note that this is my understanding and you should do you own research etc.

Upgrade to Overweight – their first in the hydrogen OEM space since 2021

MS turns positive on ITM Power, recognising the significant transformation the group has undergone in recent years — moving from a loss-making entrepreneurial venture to a credible industrial hydrogen player under CEO Dennis Schulz.

They now see EBITDA breakeven in sight, potentially in FY28, a full year ahead of consensus. They also expect new orders to be announced in the coming months, which would make the path to profitability more tangible and support further re-rating of the shares. The current energy crisis is seen as a tailwind, with ITM viewed as a compelling way to play the hydrogen theme.

Flurry of catalysts ahead in 2026

MS believes 2026 will be a strong year for newsflow. Specifically:

• Imminent HAR2 final results in the UK could trigger FID on up to 180 MW of projects. They see a high probability of Uniper's 120 MW Humber H2ub project (planning permission already in place) converting into a firm order.

• FID on StableGrid's first 30 MW project is also expected this year.

• FID on the new 1 GW Chronos manufacturing line is anticipated in June, which should drive meaningful cost reductions and potentially accelerate large order flow — particularly in converting the high-potential multi-gigawatt Rheinmetall strategic collaboration into first firm orders, possibly this year.

EBITDA breakeven could come sooner than the market expects

MS argues that a handful of the above orders would be sufficient to make FY28 EBITDA breakeven relatively well-secured, with potential for gross margin breakeven as early as FY27. This is notably ahead of consensus (FY29), and their FY28 estimates are materially above the Street. They estimate gross profit breakeven is already well secured for FY28, with only ~200 MW of incremental new orders needed to reach EBITDA breakeven that year.

You don't open a new office if you are not confident that you going to get some deals. At least that is my thinking.

https://www.linkedin.com/posts/hydropulse-has-now-officially-opened-its-ugcPost-7454888234326786049-2AEH?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAEkVmEBjNnbrZ4ELTSoemDjmg5c3rjXmsY

Goldfinger I think nearly everyone would agree, you blow hot and cold and basically spamming this board. All LTHs here lived through the Spicy era, we are not going back to it.

Please think before posting. If it keeps up I can be certain that your account will get flagged like what happened with Spicy. People on this board just need to report your posts a few times.

You mentioned in one post a week or so ago you have 10,000 or so shares. I know this is a lot to you and rightly so. Trust me when I tell you a lot of us on here are 150,000 shares minimum so when we see swings of 14p in a day and don't panic. We lived through 27p without moaning.

Shares go up and shares go down. We are sitting at a 130 and 2 weeks ago we were sitting at 93. Gave it a break please.

This will be UT kicking in. They use it to slow down the trading if it is raising to fast or falling to quick. Think of it like a speeding ticket being issued. It will sit for 5 min and can be extended another 5 min if needed.

My friend wrote a script that he runs to pull the latest data from the FCA website.

Shorts looked to have dropped.

Helikon from 2.07% to 1.99%

Qube from 1.09% to 0.94%

Voleon from 0.72% to 0.68%

When Justin invited holders to come and see the factory in October last year with some others on this board, this was Justin's own idea - thank you Justin. I

It showed me how serious and profession ITM were. The explainations and what they were expecting to achieve in the future was extemely helpful. Dennis, Simon and others in the factory explained stuff clearly and showed the factory off with pride.

When I came home I told my wife I needed to hold and be patient. Funnily enough I said then this had the potential to change our lives.

I have been holding ITM since 2016 when Myoung on this board mentioned it to me over a BBQ we were having, back then he was in at 32p. I held through Graham Cooley and onto ITM hiring Dennis and needing to turn the ship around. Watch the price drop to 27p was painful but this last year you can see the work and effort starting to pay off.

Anyway time for a beer or two and raise my glass to ITM.

Digi if you are able to join the Facebook ITM group, I left a message on there how to see L2. I won't write it here as LSE offer L2 as well.

Digi I could see via L2 that the spread went to 2.6 and you could see the buys coming in that showed it was going to go back up.

Just hit 157.20 on L2

Qube - was 76p their average @ at 93p there were -£1.4m and @ close on friday roughly @ 131.5 -£3.1m. If they have not started closing and buying and it goes to 154p they will be -£3.8m. Amount of shares to buy to clear roughly 7m shares.

Qube at 156p will be -£4.1m. They have to be moving now. It won't drop back down.

Helikon average is 180 @ at 93p there were £14m profit and @ close on friday roughly @ 131.5 £7.8m profit. (So dropped 6.2m) If they have not started closing and buying and it goes to 154p they will be £4.1m profit. Amount of shares to buy to clear roughly 16m shares

Helikon @ 157p they will be £3.6m profit. I honestly think they will be starting to think time to get out!!! Every 1p is costing them £200k. Yes £200k

Just hit 154 on L2. The buying level looks strong at the moment. Bid is 153. Vol just ticked past 5m

144 and it is trying to go for it now. Lets see if it sticks