Member Info for Hardboy

This does not look good - expect carnage.

Didn't bother reading the article - too many things I had to tick before I had access to it - got very bor3ed and angered.

You may not trust AIM companies as a whole, but this one is superb at shareholder involvement. I've had cause to write to the company with queries on a number of occasion, and ALWAYS Simon replies personally within an hour addressing every point and often adding far more detail. I have never held shares in a company where I feel more informed.

Go to an AGM (assuming you are a shareholder) and see how they treat you and what they tell you.

I got back in today a just over 447. It looked to me as though the price drop had plateaued, so I bought and it dropped!
Bit difficult to always tell when there is a fair spread.

But all the indicators are that this business is growing profitably. and for the next few months at least should be a good place for our money.

LLoL, indeed. I think I'll watch a little longer to see it turn the corner before I add. Good luck

"Plenty of coverage of ITM in today's Times. Alistair Osborne mentions the lack of govt support for H2 in the UK compared with the EU." If you read the Gov't Hydrogen Strategy released in 2021 - there is plenty of Gov't money to be thrown at H2, but exactly how isn't so clear. And it's pretty obvious our new PM has no interest in climate change - he had to be shamed to attend COP & his recent speech outlining his most important deliverables had nothing about climate (or sorting out the mess that is Northern Island/Brexit; and no mention of foreign policy when we have a major war in Europe either.)

"It seems that the cosying up to ministers hasn't got the company very far" - of course not they've been changing jobs so quickly that they are achieving nothing.

Agree. Share price is likely to plummet, but this is a loss making business and investors should be investing in this for its future potential. Now it sounds as if we have a CEO focused on delivering that potential, so short term bad news, longer term - encouraging.

Buy on rumour sell on news is the old adage.

The market knew this update was coming and expected it to be good (as it was) so the market rose in anticipation. Maybe it rose a bit too much too quickly, and the profit takers know there is no more good news for a while so they bale out content with a quick profit. That's the way the market works. But for longer term holders, the results are good and I hope and expect the upward momentum of the last few weeks, should keep going. Can it make 300 in time for the finals? It would be nice to think so, but it depends on the fear or greed of overall markets to a large extent.

Good luck to all.

First bought them in 2010 at 62p. My highest sale price was 612. They've been very good to me & made me a lot of money. I did sell all at the start of the pandemic, but bought back once they were managing things well and still profitable. I like the board (the MD made me a cup of coffee at an AGM) and over the years nearly every update beat predictions. I like that. They are world leaders in a niche sector for which all drivers are positive:

Tightening of environmental Regulations, Growth in analytical science, Clean water regulation, Increase use of Al, Recycling packaging, Reduce waste in manufacturing.

When this current down trend looks like bottoming I may top up.

I don't have an FT sub, so can't read the article. But that's old news isn't it? It was announced almost 2 months ago.
May explain the slight rise today.

Till all the workers catch Covid and the rest of the world start testing everything and everyone coming from China.

Sub 450 is my target to buy more too

"Being lucky enough to have huge wind and tidal energy resources the UK must seize that opportunity to be a net energy producer." I know there have been technical difficulties with developing tidal power, but it always struck me as the best option for renewables - unlike wind and sun, it's predictable. (Unless we'd throw the moon out of orbit or something stupid like that.) Interestingly in the Government paper (all 300 odd pages of it) on achieving net zero by 2050, there is no mention of tidal.

This morning's trading update is overall positive I think. The only slight negative I thought was if they've had a strong quarter, you'd hope they'd beat expectations rather than just meet them. But generally bullish words, so let's hope we might get back into double figures!

The Government (and other Governments) are also driving it - they are throwing a lot of money at Hydrogen.

There are very significant technical issues - but most technical issues can be overcome.

Please come back and tell us any of your conclusions.

Basically a good update saying this year and next year are likely to be ahead of previous guidance. The kind of news release which would normally see the share price rise. But today it goes down!

Yes - Blue & Grey hydrogen are produced in the same way, but with blue hydrogen the Carbon gases (waste products) are captured and stored - hence all the talk about Carbon Capture and Storage. The Gov't is committed to putting a lot of funding into this.

Having just done a presentation on what's happening in the sector here are companies listed on the LSE:

Large Caps with some involvement: Oil & Gas; Gas & Utilities sectors - most are working on it in some way, but in the short term any success of failure with Hydrogen is unlikely to move the price much as it's a very small part of their business.

Large Cap Supplier: Johnson Matthey (metal processor) - recently changed strategy, selling off battery division to concentrate more on Hydrogen. They make the electrodes, catalysts etc.

Small Cap Supplier - Porvair (Filtration) - nearly everything related to the Hydrogen processes has some filtration somewhere along the way.

H2 Manufacturers: ITM & CPH2 - make different kinds of electrolysers.
Powerhouse - produce Hydrogen from waste.
ATOME - UK listed company setting up Green Hydrogen operations in Peru (using Hydro power) & Iceland (using geothermal power.) It will be around 2 years before they start earning and are likely to be asking investors for more funds before then.

Electricity from H2 (Fuel Cells – Electrolysis in reverse)
AFC & Ceres Power

Investment Trust: - HydrogenOne Capital:
Launched July 21 - raised £125m
65% of holdings are UK based.
74% of holdings are unlisted

I'm not promising this is all but it's a good start for research - good luck

Sales up 13%. Profit up 20%. Order Book up 30%. Margins increased, debt negligible, Both Divisions performing strongly, Dividend up 19% Surplus in the Pension scheme, Large visibility of earnings for next year.

And the shares go down!!!!!!

Hard to comprehend.

Thanks all for the comments and corrections. I've been watching this since the IPO, but have not bought shares yet, mainly because it's going to be a long time before they have any significant income and it was obvious they were going to need more funds before then. So I'm with skier.

While "it's what they do with that cash and why they needed it! It wasn't that long ago with the Times share tip that she mentioned a raise wasn't required in the short term!" Well the Times must have meant short term in terms of days, or the reporter did not know what he was talking about. At the interims they had £1.6 m net cash and were burning it at the rate of about £7.5m a year. I would imagine that rate would increase as the installation and staffing ramp up. So they will need more in a few months time again.

Taverham, you are quite right of course, BUT it was almost a denial that they would be going back to the market for more money, and that was just misleading.

I shall continue to watch with interest, but it's likely to be months before I invest.

I sold a tranche at 53 and expected it to slowly slide back to more usual levels until the next major contract is announced with the intention of spending some of my sale proceeds on more shares than I bought, and the share price seemed to be moving that way, till Shares magazine tipped it and keep tipping it, which presumably is resulting in a fair few Private Investors buying and pushing the sp back up. As a shareholder I don't mind magazines tipping my shares, but what they've printed is very misleading. The reason for such a large improvement in Interims against the previous year, was to a large part down to timing of project invoices; not because the business has suddenly made a huge improvement from loss maker to giantly profitable.