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Let's hope they are all proved wrong
https://www.hydrogeninsight.com/electrolysers/hydrogen-electrolyser-maker-itm-power-is-the-most-shorted-stock-in-london-says-market-data-firm/2-1-1414279
Some of the longer term members on here slated me a couple of years back for my stance on this one.
One of my philosophies in my 35 year stretch of private investment is " never get too greedy "
When I saw my early investment here showing 2500 % I had to sell out a major part of my holding , easily my best return on any stock market investment in my life and I used the cash to investment in that bomb proof investment of property, job done as far as I was concerned.
I almost got hounded off the board for predicting 175 at my first bail out of circa 320, glad I listened to the voice in my head.
I did reinvest at circa 320 after my first bail out and again in a short space of time was once again sitting on a 100% , where could you get that sort of return in under a year, so my let's not be greedy head kicked in again.
I have been investing again in recent times below the 100 mark because there is still a lot of positive ahead and I think it will be third time lucky again on this one over the next 5 years which was my first investment term.
Never get a greedy head in investment would be my simple advice, it saves a lot of pain and will bank you profit.
ITM Motive mobile green hydrogen refueling solution
https://www.nanosun.co.uk/post/itm-motive-and-nanosun-collaborate-to-provide-mobile-green-h2-refuelling
Looks like with 15% swings over the last few days ITM is becoming a good day trade again on the dips.
A good way to make some gains whilst those of us that bought in a bit higher sit on our losses.
Makes things a little less painful.
This is a good read and covers some projects in the UK.
https://www.building.co.uk/sponsored-content/a-new-chapter-for-the-oldest-element/5119447.article
Not really nuri considering I could have held out and made over 5000% if I had held out and waited for the top of 700p , I was happy with 2500% .
I took the time to go and visit the factory 7 years ago , speak to the directors and was comfortable ro invest a few thousand pounds at between 6p to 20p and had a hold time frame of 5 years and them review, I believed in the potential and stuck with my gut feeling over that time.
I didn't quite understand the fast rise from 40p to 300p , hence my prediction it was due a fall , hence I sold out and took my first profits.
I do feel sorry for those that bought in at 700p , that was a massive gamble after such a rise , for me that was the start of the second sell off.
Now it's the long five year wait again , but its surprising how quick five years goes in investment time.
I have seen it so many times in
investment where greed takes over from reality.
As has been the case when I have shared my investment philosophy on other boards when declaring a cash out followed by a prediction, I got abuse when sharing my views as was the case when I sold out at just over 300p a couple of years back and banking over 2500% profit.
I then predicted a buy back price of 175p , admitted my mistake and bought a smaller holding back at just over 400p , subsequently sold out between 700p to 500p along with a year of active day trading . I now sit on a very small holding which is currently showing a loss.
I bought some more in recent times at circa 160p and will now hold my residual holding for the next 5 years as I believe the next 5 years will see major growth with 700p plus and beyond not being out of the question because I believe with what has happened in Ukraine, Hydrogen is the key to energy security throughout Europe.
Never get greedy in this game . Even with the small loss I am now showing, over the last 7 years this has been my best investment ever in 35 years of investing and enabled me to invest in property thanks to not getting greedy and hoping for more.
Let's not forget after the successful trials of 20% Hydrogen pumped into the public grid around Gateshead which ITM were part of as the HyDeploy project that the 5 national gas grids are looking to roll this mix out across the 5 UK gas grids from 2023.
This really has the chance to put a lot of work ITM's way.
This is major news concerning the potential of the planned 20% mixing of hydrogen across all five UK gas grids planned for 2023. There is going to be a need for many GW of electrolysis to achieve this.
ITM are in the right place at the right time with their manufacturing capacity........
https://theenergyst.com/hydrogens-big-win-at-winlaton-as-northern-gas-succeeds-in-mixing-green-h2-into-home-supply/
For anyone doubting the future of green hydrogen the below is a good read.......
https://www.bloomberg.com/news/articles/2022-06-19/big-oil-bets-that-green-hydrogen-is-the-future-of-energy
Even I am not happy about my prediction from a couple of years back now being spot on.
It was correct for the time I predicted it in my view, but not now.
So my latest prediction from this point and I expect I will get the same flack as I did a couple or so years back..........
Five year prediction............1500p , the next 5 years of green hydrogen growth is going to be explosive and ITM are well placed to take advantage.
This time next year 175p will have looked like a giveaway.
No gloating from me , the £ 1.75 should have been more likely when I suggested it back then.
Today's price is a mega bargain when you look at the progress made since my £ 1.75 prediction.
Anyone buying in today will make a killing over the next 5 years, going to add a few more after I write this post to add to my long term residual holding.
The only thing I can gloat about is that my gamble 7 years ago well and truly paid off for me having cashed in twice now and taking the profit which is now invested in another property soon to be let as tourist accomodation , paper profits as we have seen here mean nothing . I am sure I am not the only long-term holder here who has been wise enough to have made a cash profit.
Now looking forward to the second tranche of profit inside the the next 5 years , fill your boots at today's crazy prices.
£ 100m revenue not unrealistic inside the next two years.
Hydrogen will well and truly lift off next year when the UK start to inject up to 20% Hydrogen into the grid , it's going to happen , do your own research on that.
ITM will be flat out , hence they are looking at factory No 2.
No crystal ball needed for this prediction, it's all out there.
If you believe in the future of Hydrogen , today is one of the best buying opportunities you will see in a while on the stock market in my opinion.
I have been a subscriber to H2 View magazine for a couple of years now and it's a great read on what is happening in the field and over that two years there has been a lot happening and I firmly believe ITM Power will play a part in the future ahead off its own merits and it's partnerships.
What I have taken away from today's figures is the cash balance , that is very solid to take advantage of the growth in orders coming over the next few years , make no bones about it with the explosive growth ahead in hydrogen the industry will be depending on players such as ITM to keep pace.
My reward for believing in ITM some 7 years ago after a factory visit , the majority of my shares were bought at 6p - 20p , has well and truly made me a happy investor here , substantial profits have been cashed in the last couple of years some of which were taken when the shares were over 700p.
I just added to my remaining long term holding at 242p today and I have no doubt that in 5 - 10 years time I will be further rewarded for my patience.
Good luck to all long term investors here.