Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
I picked up 100,000 of these beauties in November with the decision to hold, come what may for the whole of 2019. That decision was based on the prospects for New Wave and Nouryon (the AkzoNobel) but now we have the even bigger prospect of Unilever wanting in.
Where do we reckon it's going to end up. Is 50p at year end that ludicrous now?
Spike, not funny that you keep wanting to stir things up.
Indeed there are over the last 2 days, beggars belief that the sp ended the week in the red. Here's to the mm's letting this move freely, will surely rocket.
Is this place an investors forum or a school girls playground.
Give it a bloody rest will you.
Who is selling at these prices, are they really getting cold feet from a couple of weeks with no news? I suppose they are just people jumping on a headline grabbing bandwagon, anyone who has spent a modicum of time researching this stock will be like me right now, buying!!
HALF-YEAR REPORT
Tue 08 Jan 2019 07:00
RNS Number : 4364M
ITM Power PLC
08 January 2019
8 January 2019
ITM Power plc
("ITM Power", "the Group" or the "Company")
Half Year Results for the Period ended 31 October 2018
ITM Power (AIM: ITM), the energy storage and clean fuel company, announces half year results for the six month period ended 31 October 2018. Comparable figures, where stated, refer to the corresponding period in 2017 unless otherwise indicated.
Commercial Progress:
· As of today, £23.2m (£27.0m) of projects are under contract and a further £10.4m (£10.4m) are in the final stages of negotiation, making a total backlog of £33.6m (£37.4m).
· The tender opportunity pipeline has grown steadily and is now over £240m (£200m), representing 36 commercial tender responses within the last 12 months. The average project size of £6m (£3.5m) reflects strong industrial demand for larger systems.
· Hydrogen sales, with a new total of 29 (20) hydrogen fuel contracts, totalled £295k (£93k) over the last 12 months up with the strongest demand from Green Tomato Cars and the Metropolitan Police.
· The seventh ITM Power owned UK hydrogen refuelling station (HRS) opened in Swindon, next to the M4, in September 2018
· Gatwick and Derby HRSs are under construction and due to open at the end of Q1 2019.
· Civil works are underway on the Birmingham 3MW Bus Project, due to be operational in Q3 2019
· UK Government funding received for 100MW Power-to-Gas energy storage feasibility study in Cheshire.
· Green-light given for HyDeploy trial and further funding received for HyDeploy phase 2.
· Strategic partnership agreed with Sumitomo Corporation, covering Japan and Australasia, with commercial discussions continuing to progress as expected.
· The Company continues to make positive progress in Australia, with discussions with various counterparties progressing as planned.
Financial:
· Total income of £5.0m (£4.4m), comprising:
o Revenue - £1.2m (£1.7m)
o Grant income plus grants receivable for capital projects - £3.8m (£2.7m)
· As in previous years, revenue is expected to be weighted towards the second half of the year with an increased value of contracts expected.
· Loss from operations £5.3m (£2.9m), greater than originally anticipated, due to cost overruns on four 'first-of-a-kind' projects as well as significant investments made in people, resources and capacity during the period.
· Strong balance sheet: total financial assets constitute £24.9m with £15.6m of cash, £1.7m of cash on guarantee and deployed working capital (debtors less creditors) of £7.6m.
Operational Developments:
· Production and design staff materially expanded.
· New hires in Procurement, Legal, QHSE, Project Management, Manufacturing and Field Support.
· New factory manufacturing process design completed; tender processes underway.
· A dedicated team and pr
Ddug - agree, couldn't see the relevance of it at the time.