The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I think we have here a convergence of traders vs investors. The traders are pissed at the placing and rapid fall of the sp after RNS, the investors are looking at the fundamentals of the business model, the current turnover and the impact on that the increased margins will bring throughout 2019 and beyond.
Hopefully we have said goodbye to the traders. To the investors, here's to 2019.
Aim down all over, Christmas and absence of ANobel news, so no surprise that it's flat. Have every confidence they will deliver, so I'm with leggico and off for some Christmas cheer. See you in the new year!
Looking at volumes as a percentage of total holding, sales were 4.5% and buys 2.7%. Astonished how those levels could bring about a 20% price fluctuation. Oh the joys of AIM.
Not that it makes much difference to me, holding for 2019.
Compare the traditional method of artisanal gold extraction, primarily using Mercury
https://www.youtube.com/watch?v=b0XsInT90uk
with the plant and machinery supplied by WSBN.
https://wishbonegold.com/news/project-updates.html
Bye bye Ewing.
Just seen this on the ITM board.
https://uk.reuters.com/video/2018/12/18/clean-up-the-environment-drive-a-hydroge?videoId=493326049
Agreed. I didn't research, buy into and hold these shares just to take profits on the day the rns landed. Today marks the start of this journey. Looking forward to seeing the margin uplift effect on 2019 figures, before we even see the roll out of the business model over new territories from then on. Good times!
http://www.itm-power.com/news-item/expansion-of-presence-in-the-german-market
"ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that its German subsidiary, ITM Power GmbH, has signed a lease on new larger premises to accommodate both business development staff and technical support personnel. ITM Power GmbH has been based near Frankfurt am Main since its incorporation in July 2011 and will now occupy new premises in Hungen, north of Frankfurt.
The new premises in Hungen will be the base for the existing three staff as well as a number of new hires to support the Company’s growing operations in Germany. It will also provide a base, for the first time, for technical staff engaged in supporting the Group’s projects in the important German market. These projects include the 10MW green hydrogen refinery project with Shell, a Power-to-Gas PEM electrolyser system being operated by Innogy, an electrolyser system supplied to ZEAG Energie, housed in a purpose-built building at a DLR site, as well as three other plants in Germany and Holland. Key to operations in Germany will be a store of strategic spares and the creation of an after-sales support function which will be further enlarged as new contracts are completed. ITM Power GmbH currently is responsible for Maintenance Contracts of €33,000 per annum which will increase, over the next year, to approximately €450,000 per annum as the new projects are commissioned and fall under the after-sales support provisions.
The technical sales and project management teams in Sheffield have also recruited German personnel to optimise customer support to the German speaking market and to streamline the tendering process and design team liaison with Germany.
Commenting on the expansion, Calum McConnell, Geschäftsführer (Managing Director), ITM Power GmbH said: “The German speaking market for hydrogen energy systems is already very strong with many new industrial players entering and actively engaging with ITM Power GmbH. Recognising this positive trend – and because we are building the world’s largest PEM electrolyser in Germany – we now feel able to justify significant expansion. I am confident about our offering and its fit to the German market.”
Commenting on the expansion, Graham Cooley, ITM Power’s CEO, said: “Germany, as an early adopter of hydrogen systems, has for many years been an important market for ITM Power. Our scale of operations there, existing and planned, means we are now taking the natural step of adding technical staff alongside our business development team. With the upward trend in the market, the general acceptance across the political, energy and industrial landscape that hydrogen will play a significant role in reducing CO2 emissions, it is the obvious time to expand our footprint in a market that will remain key to our plans for growth.”