Member Info for Mikey279

Have read the accounts in detail 3 times now with comparisons to TUs, ahead of expectations on all metrics and anticipated profit for Q1 and H1

More cash than expected (in fact nearly double), and a facility is available.

Would've expected a 10-20% increase in a normal situation, considering the strike is over and business as usual and eventually back over £1

Makes zero sense to be down here, need a bit of patience

All IMO

Makes no sense to me, but market will do its thing

MM's opened up yesterday morning, so tells you all you need to know

Still think £s this year.

All IMO

It’s already profitable in q1, 2022 levels enabled the £1.5-£2 sp and now filming is back, not sure what more you want

Dirty cross ramp, reported

Net cash at year-end of $5.3 million (FY23: $11.8 million), being significantly higher than previous market expectations and which, together with the Company's debt facilities, providing sufficient working capital for FY25.

· Cost reductions implemented in FY24 led to an EBITDA profit for FY25Q1.

· Well positioned in new market environment to deliver long-term growth.

All that needs to be seen really, no idea why the drop as results were expected......cynic suggests letting some folks out

Expecting back over £1 this year

All IMO

Here we come....

What did i say ;) breakout

When it pops, it will pop hard, breaching 22 now

All IMO

Really no reason why this isn’t in the 30s

gives a good re for £s if commercial

All IMO

Nice work Jeff, imagine they'd get a large piece of the UK pie....to keep it in the country

Can easily be £5-£15 over the next few years and reach new highs

All IMO

Is it....?

price actions looks to me like there's still a big seller around, opened at 59 yesterday, drpoped to 54 back to 59 and now down to 52.

A 25x order book in the space of 18months suggest, along with Shell, the 500MW and labour government suggests a bright future

'We are ready'

All IMO

Gap to 113 then 142 ..... £10 peak covid :O

Could be wrong but see a gap to £1.20 then blue skies after

All IMO

Indeed, any other management with what eqt have and the pipeline this is at least £50m share all day long, which is only 0.18p in old money…. Still remember the covid rise from .08 to 2.8p, (£2.80 now)

Maybe this is the beginning of another mega move

All IMO

One of the best Q and As in a long time

And sp is reflecting

Doesn’t align with the guidance does it, screams of under promise over deliver

Suspect shorts will be closing out over the next months

All IMO

25x sales pipeline, thats all i need to see, can see we've moved back up again despite the 'low guidance' bedwetters

Let the market do its thing

Shell doesn’t sign up for a laugh

All IMO

That was due to a one of provision write off as per TU, so the underlying forecast is up

The deferral is from fy 25 to 26

So would’ve been 40m ish but instead 20

Adjusted EBITDA loss expected to be in the range of £35m to £40m

Guidance for fy 24 was 45-50

These projects are over years and they’ve said 20m or so Is due to WIP delay, imagine that would’ve brought it down to 15-20m ish ebitda loss

“On the technology side, we are at the forefront globally, and we are deploying our electrolysers into some of the largest and most prestigious green hydrogen plants under construction worldwide. Our growing base of reference plants and operational field data helps us to convince new customers of our capabilities, as will the large-scale projects we are currently executing.

Today, ITM is significantly more capable than the company has ever been. We have gained control over what we can control. Our path to profitability is no longer a question of capability, but now a question of volume of customer orders. The foundations we have laid will enable ITM to build long-term value, allowing us to invest for growth and drive attractive returns for our shareholders.

In the meantime, our sales pipeline has been growing strongly, also backed by an increasingly positive regulatory landscape, which makes me optimistic about what lies ahead for ITM and our industry.”

Haven’t seen such bullishness in years