Member Info for myoung

Spicytuna, it certainly sounds like you are trading ITM. Fair enough, but it’s horrible to spread seeds of doubt into other investors who read these boards with snippets of articles.

I recommend all to follow their own strategy and remove the heart from rash decisions.

Qube have increased again to 0.7.

They are basically trading algorithmically using models that adapt in real-time. Hence why they are all over the place increasing and decreasing so frequently.

Those dates are correct. However, helikons short position weighted average is infact circa 110p.

I’ve used the fca short position historical data with the percentage and the average daily Itm price.

Circa 110p

They are also under water on a large majority of these positions.

Morning all, I’m sitting in the coffee shop just musing about Helikon and Qubes short position average.

I’m not sure if this is correct but ChatGPT has helped work out the dates when they changed their short positions and by how much percentage wise and the closing price for Itm.

Could be out by a bit but the average prices I’m getting is the following :

Qube - 88p (underwater hence reducing)

Helikon - 175p (Profits are reducing)

To enhance this data would need to download the full historical data for both and some further wizardry to work it out but getting close to helikons average every day now.

Looks to me like we’ve cleared the breakout level and you could probably use 88p as the support now. Always keen for others thoughts.

Lovely day. Hopefully tomorrow we can retest the 52 week high of 94.5.

Not concerned. This guy has a terrible track record.

“According to TipRanks, Della Vigna is a 4-star analyst with an average return of 2.7% and a 59.39% success rate. Della Vigna covers the Energy sector, focusing on stocks such as TotalEnergies SE, BP p.l.c., and ENI S.p.A..”

An average return of 2.7%! 🤣

You would see noticeable volume increase. They’d likely do it in the UT’s I think?

And you’d get potentially 10% increased in price days for a week or 2.

Hi Digi.

There is a bit of resistance but it’s just not as relevant or strong on the long term time frame as 320 and 520.

We’ve now formed a bit of support at 82 so fingers crossed that holds and we move on. 🤞

Also there isn’t really any resistance in the chart at the moment until 320p.

There is a nice gap to fill at 130-150 as well.

I’m not ramping btw, just telling it how it is.

This isn’t a rally, it’s a potential breakout from a triangle coil that’s been consolidating for a while. Could be an exciting end to the week the next two days.

My question is who funds this?

This is key.

If Hydropulse:

• Self-funds the CapEx – ITM needs significant capital or project finance backing (could be a risk to cash position).

• Uses project finance or green funds – Risk is shifted, and ITM gets asset-light returns via OpEx margin (positive).

No funding mechanism was disclosed, so the market may assume ITM carries at least part of the CapEx burden until clarified.

✅ Benefits vs ⚠️ Costs/Risks of Hydropulse for ITM Power

Revenue Model

✔️ Recurring, predictable revenue via long-term offtake agreements

⚠️ Delayed revenue realisation (vs. immediate revenue from selling electrolysers outright)

Factory Utilisation

✔️ Increased internal demand for ITM’s NEPTUNE systems

⚠️ ?

Market Access

✔️ Unlocks stalled industrial projects that couldn’t reach FID

⚠️ Competitive market – needs flawless execution and pricing advantage

Margins

✔️ Higher potential margins over product lifetime

⚠️ Operational inefficiencies could reduce actual margins

CapEx Management

✔️ Builds install base while customer avoids CapEx

⚠️ Hydropulse/ITM bears CapEx burden unless project financing is secured externally

Technology Risk

✔️ Customers avoid tech risk – strengthens ITM’s positioning as a trusted full-service provider

⚠️ ITM now assumes full tech and operational risks on deployed assets

Strategic Positioning

✔️ Moves ITM from OEM to energy-as-a-service provider

⚠️ Shifts ITM’s model into more complex, capital-heavy territory

Profitability Path

✔️ Long-term revenue improves visibility and supports profitability

⚠️ Short-term costs may increase cash burn if not tightly managed

Geographic Focus

✔️ Starts with industrial centres in Germany, UK, Nordics – strong hydrogen markets

⚠️ Regional regulations, grid connection delays, or permitting may add friction

Total volume for today was 3.272m.

It was a £1m UT. With £900k of that a sell at 69.8 I think. I saw it on L2 but neglected to screenshot it.

That isn't a 100k buy... it's the Uncrossed Trade at the end of the day.

The FCA monitors both sides

• TR1 (long): Only if your long side alone is ≥3% of shares.

• Short Selling Rules: Declare if net short ≥0.1% (FCA only), ≥0.5% (public).

I imagine what we are seeing is the shorts hedging their short holding and going long as well. No TR-1 from this significant volume increase recently. (Albeit it would need to be circa 18.5m shares to buy to require. TR1 3% notification.

They could have been buying recently all the way to 94p and then ditched some to make a quick profit and still hold their shorts to reduce the loss.

I’m surprised the shorts haven’t changed though.

Morning. Not ITM related but super cool nonetheless.

https://interestingengineering.com/science/hydrogen-extracted-from-seawater-new-method

It’s amazing. I’ve never seen anything like this before.

RSI is over 90 on the daily. How long is this sustainable for? Well done all.