Member Info for Hardboy

How does it boost the economy? By reducing tax revenues? I guess the argument is it reduces the burden on the NHS, but if it means people live longer - they'll just have to be treated for other ailments.

Ljr: "Shame we won’t see the JV this year" - I think what was said is there would be no revenue from the JV this year. It may yet be signed.

Amor,

I had meant to reply to your post yesterday, but Truro did an excellent job. The fact is SRT are very stretched with our sales effort - $1.4b pipeline, which has approximately doubled in the last year. We don't need to go cold calling, There was an article in the Times which someone posted on here a few weeks ago which suggested SRT could help stop the boats crossing the channel. I'm not exactly sure that the journalist knew what he was talking about, (I hope no one on here is a journalist - not my favourite profession) but you'd think someone in Government would have read that and checked the story out.

Hi Monty, not questioning your logic or analysis, just the predicted range. In the last year the share price has been as low as 26 & high as 63. It's a volatile share price. as it gets bigger and has more stable income this should reduce, though the nature of their project work is such that timing of invoices/milestones can have a significant effect on annual figures.

Extrader,

Thanks for such a detailed report of your opinions from the AGM. The 140m mentioned is work in progress (projects) - orders SRT already have. I think the 3 projects which Simon expects to land soon (& in the time I've been involved with the company he has begun to realise how long Government organisations take to make decisions) were worth around 380m (not checked exact figure) and a further 1b+ of real live detailed projects in negotiation. So lots of future earnings.

I think the board would be happy with the attendance - they like to have a ratio of about 1:3 senior manager to shareholder to allow good networking over lunch.

And (I'm probably guilty of this too) but Simon would give you a good verbal slapping if he heard you talking about SRT in the third person. You're a shareholder - it's your company - so talk about it in the first person!

Attended the AGM - had the honour of meeting Truro Trader. SRT looked after us very well and gave a very informative tour and presentation. I think both Truro & I came away even more optimistic about the future than before.

Hope So - I'm coming with a friend who's also a share holder. we're both in our 70s (I like to think I don't look it and am only just there.) I'm tall and used to be blonde. My friend is more average height and usually bespectacled.

Gwm, you seem to rely on charts to assess a company's future. In the long term there should be a good correlation between share price and earnings per share - the more profitable a company become the higher the share price goes. Diageo keeps growing profits. There are are occasional blips like during Covid, but generally the profits keep going up, so the share price should not keep going down.

I suspect his (or her) reasoning is that simple.

Hi Truro,

Yes I've noticed we fen get a short boost from webcasts, today is was a few hours only.

I can't be bothered to check back at the webcast but I think Simon said he wouldn't be there at the AGM. That would explain the webcast/AGM proximity but not coincidence.

Hoping to make the AGM (it's an early start for me, and sure we'll learn a bit more there.

Triple witching day - huge volumes every where. (I really must study exactly what happens on triple witching day.

On fundamentals it has been overvalued for years, but presumably the reason was it was a growth business and earnings would soon catch up with the valuation. I'm not surprised that it's correcting itself at some time, but a bit surprised now with the new HQ coming along - which is going to reduce coast. increase capacity, and efficiency. I'm ready yo add, but would like to see this long term down trend reverse a bit first.

Monty I don't really want to get into an argument about something fairly trivial, but you said:

"This will be range bound between 52p to 58p for a year or maybe more"

I said the share price was more volatile than that and it would trade outside that range over the year. The sp is now 47.5 - way outside your predicted range and you are claiming to be more right than me. You've not gone to the Putin/Trump/Johnson school of truth have you?

let's all see what Simon has to say on Friday

We just seem to be in a silly market where whatever the update says, the sp goes down. I thought it was a good update - whenever a company is taking in more in orders than they are making, it means the business is growing. Assuming they've got their pricing right & the clients pay, that means profits go up.

We're in a world where every nation is increasing its defence spend CHG will benefit from that.

That's a week tomorrow. Strictly speaking next Tuesday is tomorrow.

They usually release an update the morning of the AGM

We're getting a bit off ITM, but it's all pert of energy transition, and it's a fascinating time.

Harry, you raise some interesting points (without mentioning disposal of spent Lithium Ion batteries.) So many unnecessary motors are added to cars these days - a lot of things can be operated manually rather than via a motor and I don't really need some robot telling me I've just swerved when I see a huge pot hole ahead.

Another problem with battery cars is their weight. Heavier cars = greater tyre, brake & road wear, and more particulates being produced (that was one of the big arguments against diesel that it produced more particulates than petrol.) And out London Mayor only seems interested in what comes out of an exhaust pipe. We have to consider the full life of cars. No idea how long battery powered cars last. Presumably the batteries can be changed, so it should be a long time.

what I have not heard anyone mention yet about the weight issue is parking capacity? This country has serious parking problems in most city and town centres. They built multi storey car parks to create greater capacity, but these will have been designed to take the load of a full set of petrol cars. If battery cars are twice as heavy, the capacity of these car parks will have to be halved.

But still 2 years before they earn any money

"Same ministers" - hardly - they never stay in a job long enough to warm their seats.

It seems the market is judging these on the historic numbers rather than the projections. It's not been a good half, but I am happy to hold given the forward looking statements. And very pleased with the growth in the EU & Australia. If that can continue & the hold ups in the US market can be cleared, the second half looks very promising.

I completely agree with you. my Lord, given traditional valuations, the recent trading updates, the current fundamentals, this should be way over 500, in my assessment, but a well known cliche goes: "Markets can stay irrational longer than you can stay solvent." I keep topping up at what seems bargain prices, and the prices fall further. My reading of markets is a lot of of shares are just drifting until some specific news makes them move, but even then the move is short lived. Maybe, I'll try one more small tranche!

Direct quote:

"ITM Power's Poseidon 20MW electrolyser module represents a technological leap, contributing to the scalable growth of hydrogen production."

Doesn't explain any further.