Member Info for IKFA

@NewKOTB i was under the impression this index was all ETF ( might be wrong ) so the number of shares they will buy is defined by size of company within the index.

Sorry I can't be bothered to trawl through all the dross posted today, its giving me flash backs.

https://www.hydrogeninsight.com/transport/china-claims-world-s-first-test-flight-using-megawatt-scale-hydrogen-propulsion/2-1-1970418

Not sure if this has been posted yet, but yet another reason this fuel source is going to be massive, over the coming years.

Those trying to make a quick buck and getting their knickers in a twist about short term pull backs really need to take a step back and think about the bigger picture.

Sure you don't have a zero too many?

£20 a share is next year :)

How did they free up over 16 million shares (UT plus lots of other buys ) at that price?

Accumulating during the week and an average price ?

@Momentum5 there was no luck about it, if you saw the shenanigans which were going on here after ITM dropped below 40p, and we were getting called "fools", "clueless" and that ITM cash runway was shrinking fast and that buying their shares for 25p was akin to dropping pound coins down the drain it took a huge amount of confidence, belief and in many cases balls to not only hold onto the shares, but to buy more, in significant amounts of money.

There are quite a few on here who did exactly that, toured the factory and saw for themselves what ITM was building and had confidence that their investment was in good hands. They are now reaping the rewards, not lucky ( although I get the joke :)

@troublesome I would say that is a last year problem tbh. The investors now looking at ITM sit in offices, on high floors and deal in millions of shares, they don’t spend time trawling investment forums or worry about a few investors making the odd million here or there.

I spoke with fund managers some years ago about ITM and what their approach is in similar early adopter situations and their answers were always the same, and always along the same lines of letting the little guy take the big risk and big reward at the start, they will be entering when the real and sustainable long term growth and income is a reality.

I think our days of being influenced by a few comments are behind us thankfully.

Of course my opinion, not backed up by fact other than a few anecdotal examples….. dyor amd all that.

Blossoms what makes you think "a takeover could be sooner"?

> ITM raised £250m @ £4 a share.... they are not selling

> Linde own a significant stake and see ITM market exposing them customers who are in competition with their own business so no incentive to take over.

A "takeover" is all well and good, but there would need to be a lot of factors which need to be managed, I see ITM becoming a huge company in its own right.

Why does that feel like a prequal to a "shaking of the tree"

@cureboy volume seems to have a big say in level of movement as well. Today not even 750k shares traded so price has fallen but no significant will to sell which seems to be the norm. Some of those 750k could well be shorts selling additional shares to drive the price down, but as soon as they start buying in significant numbers ( which they have to do with still around 14,000,000 shares declared short, there could be significantly more sitting at less than 0.5% ) then the price will rise in line with that.

Shorts / LTH / ITM all know what the medium term prospect is for this share, but there is a tug of war in terms of escape from this position they have built up. They want to exit at the lowest price they can, having failed in the 20's now they must get out, and it just depends on what they can do to the price in the short term to create volume to allow them to exit, and can they create enough uncertainty by moving the price to persuade profit taking amongst those not invested for the long term.

My opinion, not fact, not advice :)

Thanks for shaking the tree and allowing us some great top up opportinities. Have't bought for a while but couldn't help myself.

Thats another 8k not going back in the pot.

@cureboy I could certainly see them upping their stake, but I just got the impression from Dennis ( not sure how accurate my impression is ) that they ( Linde ) didn't want ITM to be seen as a Linde operation, but a stand alone company servicing the whole market, as well as markets they are not active in.

I think Dennis explained in the past why Linde won’t be buying ITM . Part of the reason being that they see so much potential with ITM supplying their competitors that it would cannibalise their own business and be counter productive.

That is my memory of this situation, might be wrong.

@troublesome , wasn't it decided it could be 1.17 down to 0.49 at which point they are not required to report changes?

Yes I would be interested to learn where they got the information that retail investors are "heading for the exits"....... The increased trading I believe is traders taking profits and shorts trying to buy back shares while the majority of LTH simply sit back and hold.

My opinion of course, and also my opinion that there is another tree shake going on and they will either have to buy back the shares they have borrowed this morning or face having to report an increased short position at the end of the day.

@BertieMagoo that is a good question and a big takeaway for me was how ITM was already planning the requirement of one of the most rare materials used in their process which I think was Iridium. They did explain the supply and how they had secured that but sorry would have to consult my notes which I don't have with me.

They explained how the material could be completely recycled in future units so once acquired would never go to waste.

I am sure others can add way more than that, but this was the first thing which came to my mind.

@Jacobjohn7 I believe it was a lottery, my comment about the league table was a tongue in cheek response to someone claiming to be the "3rd largest shareholder in the room"..... like how would they know that, it was certainly not something which was discussed in the open.

If there was someone there on 100k shares I would imagine there are a lot of investors in that bracket who were also in the draw and sadly missed out.

Anyway, back on topic

@tennents thanks, so I am about 3.5m under so the numbers of shorts returned each day will revise up slightly but not by much 👍

@Flintwall I made my calculations on 688m which I believe is the revised number after govt investment.

Didn’t realise they had published a league table of shreholderd that day, I wonder where I stand 🤣

Exactly @Digitalis and that is why this really is only a small part of the jigsaw, and why we will not know until they start trying to get hold of big numbers. Who is prepared to let those kind of numbers go "on the cheap" ...... not me for sure.