Member Info for JNJONES

Hi Bonkers0801 - I couldn't agree more with your comments.
That said, some posters do provide genuine and logical views. These are not only informative but also test one's own knowledge, beliefs and instincts etc... which is no bad thing.
I make a note of the individual contributors who provide well reasoned arguments and try to use their views in a constructive way. I also make use of the filter for the obvious rampers / derampers and those who provide multiple daily posts!
GLA

I think we have to keep this drop in perspective . The SP has increased 30% over the last 12 months........then .throw in a tasty dividend..............only wish the rest of my portfolio had performed as well as this!
Even so, complacency can be costly in this game, so today's drop should not be ignored. However, until I read or learn of something to the contrary, I still think this is one of my least riskier holdings in the current environment.
GLA

Hopefully, ITM will have some involvement in this:
https://www.constructionenquirer.com/2022/11/01/insulation-giant-looks-to-power-factory-with-hydrogen/

Regarding the earlier post regarding trust in the Board. This probably gets right to the heart of this drop in the SP. Yesterday's Trading Update was bleak to say the least. Now, in my experience, a lot of thought goes into these types of announcements - the words and sentences are very carefully chosen and constructed to either 'big up' the positives or 'play down' the negatives. So, if we remove some of the ambiguous words, we will probably get closer to the truth. For example - “may result in a revision to EBITDA loss guidance” almost certainly means “WILL result in a revision to EBITDA loss guidance”
Similarly, “the Company expects there may be delays in finalising contracts in the final stages of negotiation which could place large scale projects at risk of deferred financial close” actually means “the Company expects there WILL be delays in finalising contracts in the final stages of negotiation which WILL place large scale projects at risk of deferred financial close”
I don't think (hope!) all is lost just yet, but ITM clearly need stronger leaders who have more business acumen than the incumbents. At the moment, there appears to be a lack of urgency in turning a great concept into a commercially successful product. Could this derive from a false sense security from sitting on so much cash? My fear is that the current Board members are milking an easy living until the cash dwindles away and will then disappear.
I am sure many others like myself would appreciate some sort of assurance that this isn't the case.

Hi Trotsky - I suspect the earlier post that referenced "ward off further tax hits from the UK government" was in relation to a potential one off 'windfall tax' being applied by the government in addition to the usual tax regime?

Agree 100% SS
Many of us have focused more on the wider hydrogen sector than actually researching the company and scrutinising the simple facts (valuation, sales, firm orders etc). I think we entered the right race but chose a donkey instead of a racehorse.

Extract from Veil's monthly update of 21/10/22:
"So far, October has also seen increased volatility in the market following the arrests of the chairwoman and three executives of a large property developer with extensive holdings in central Ho Chi Minh City. In a move that may be related, the State Bank of Vietnam took a local bank into care. Both the developer and the bank are unlisted, and VEIL has never held a position in either company. The arrests grew out of the bond-market intervention which the Government launched in March, whereby it has focused a lens on insider trading, private placements, regulator capacity, and now investor protection. The Investment Manager believes investors will ultimately benefit from the campaign for transparency, institutionalisation and professionalism, by ushering in the next phase of the market's development."

As a small investor in ITM, I am very interested in the various views being expressed. Thank you to all contributors. However, we seem to be discussing two different subjects i.e. the long term future of the hydrogen sector and the growth prospects for ITM.
Personally, I think hydrogen has a very significant part to play in achieving energy and carbon reduction targets. I am far less confident about ITM becoming a significant player, primarily because the company itself doesn't appear to have much confidence in its ability to penetrate the market, as per last month's announcement - " ‘We are amending our ambitions for the timing of our target to have 5 GW of production capacity. We have also reviewed our plans to open a second UK factory at Aviation Park, given the current business climate and cost escalation’.
It added: ‘We believe in the near-term that extending the total capacity at Bessemer Park up to 1.5 GW is a better use of capital."
Given the time it takes to bring a new factory online and resource it with the appropriate skills, its clear that ITM does not think it will achieve significant growth over the next three years or so. Something that will surely be reflected in the direction of the share price?
I have made an amateur error of becoming too attached to this share. I am trying to see the positives..............what am I missing? All views greatly appreciated as always.
GLA

Thanks toneman - I appreciate your reply

Here is a link to a rather depressing speech given yesterday:
https://www.hydrogeninsight.com/analysis/liebreich-hydrogen-is-starting-to-look-like-an-economic-bubble-and-here-s-why/2-1-1334006?utm_source=email_campaign&utm_medium=email&utm_campaign=2022-10-13&utm_term=recharge&utm_content=hydrogen

Bibo - have done. Thanks.

Regarding the two posts earlier today - “200 MWe green hydrogen plant in Sardinia” and “Statkraft announces its first UK green H2 project in Pembrokeshire”. Other than demonstrating a growing interest in green hydrogen production, will either of these projects have a positive impact upon ITM i.e. sales.
If not, then it would appear that we are losing out to our competitors. Any views would be really appreciated.
GLA

CR888 to sheltie - "The fact is you were wrong in these past few weeks"
This is from the self important ramper who has yet to make a correct call - on this board or any other.
Newbies beware - listening to this guy could cost you serious money.

The Lookers share price is never going to excite in the same way as tech stocks sometimes do. Unless of course there is a takeover - but this is not something I look at when choosing to invest in a stock. If it happens, then it’s a big bonus.
However, in the current environment, I am quite content with holding shares in fairly reliable and predictable businesses that offer long term value – and Lookers fits that bill for me.
Today’s results give me even greater confidence in the future of the business – no surprises in what is a very challenging environment. Whilst I am far from convinced that the sales of electric vehicles will eventually give the industry a much needed boost (new models are way out of the price range of the average buyer), I believe that Lookers are better placed to emerge from the present environment than their online competitors. For me, Lookers shares a very sound and solid investment for the longer term investor (there are never any certanties of course!)
GLA.

First time I've heard the gentleman speak. As an ex mining engineer myself (not diamonds!) I thought he was very impressive.

Hi Echo
I am more than comfortable with holding and adding to BOD shares. I notice that the spread has tightened further even though there are very few trades.
I have no problem with the low key RNS. We all know the risks involved with speculative shares. However, I am wary when an RNS or other posters start bigging up high risk opportunities. If something appears to be too good to be true, it usually is! That said, I find the more pragmatic but quietly confident approach from the guys on this board to be refreshingly reassuring.
GLS

Not sure what's going on with the buys and sells shown on LSE today. Myself and two colleagues have added to our shareholdings earlier today - yet all three 'buy' transactions are showing as 'sells'?

Edward - And the CFO bought today - not a large amount but always a good sign!

I believe the lower end of the second hand car market is really struggling at the moment. However, at this price, Lookers is still great value for those willing to hold for a couple of years. GLA

Hi Steeplejack
Metals are down as demand growth is moderating, with copper trading below USD 8,000 USD per ton for the first time in 17 months, and aluminium, iron ore and other base metals down considerably as well. A stronger US dollar is another factor weighing on metals – including precious ones such as gold and platinum. With agricultural commodities also down considerably – wheat has fallen roughly a third from its peak in mid-May – inflation may face some extra downside pressure going forward.
Things could pick up quite quickly in the USA. However, if China makes a move on Taiwan........all bets are off!!
GLA - keep faith in ALL!

Agree - some very unusual activity!