Member Info for psmith64

I would say anyone wanting to dip their toe in here now is as good a time as any JoeKenny.

After listening to yesterday's presentation I think we will get drip fed some positive RNS's over the course of the year.

I still think give it a couple of years and we will see the market cap equal or surpass Plug Power which is currently hanging around the £ 15 - 19 billion region.

Of ITM as they suggested yesterday hit break even around 2024 with another factory under its belt with a full order book then you are looking at a £ 30 million market cap.

I don't think Bank Of America upped their buy rating out of thin air with a target of 800p, very possible this year with no funding issues for the foreseeable with £ 187 million in the bank.

I was going to day trade my latest buys from yesterday , but will review in a few weeks now.

Good luck if you buy.

BigBadBob79.......first saw Dr GC on an investor open day six years ago and made most of investments the year after that between 6p to 20p, not a massive amount value wise back then as it was a bit of a punt, but it allowed me to buy a lot shares.

At the time the investment in ITM and a couple of other Hydrogen shares, Ballard & Plug formed less than 5% of my portfolio, wind forward 6 years to summer 2020 those three companies had grown so much they had grown to 65% or my portfolio.

I decided to take some profit then, 2500% up on ITM alone back then, and spread the risk among 9 more related Hydrogen companies, I am still top heavy in the Hydrogen sector , but it's off the back of profits , and I fully believe in where Hydrogen is heading over the next decade and beyond and I believe ITM will be a key player worldwide.

Try and take a look at the National Grid's investor webinar on its future with Hydrogen and you will see why I feel confident the current SP is about right with plenty of growth ahead when you look at the current market cap of say Plug Power in the USA .

Below of my current portfolio of associate Hydrogen companies , well worth taking a look at them all if you are not familiar with them.......

ITM ( UK )
POWERHOUSE ( UK )
AFC Energy ( UK )
McPHY Energy ( FRANCE )
NEL ( NORWAY )
PLUG ( USA )
BALLARD ( CANADA )
CERES POWER HOLDINGS ( UK )
HEXAGON COMPOSITES ( NORWAY )
VELOCYS ( UK )
CUMMINS INC
JOHNSON MATTHEY ( UK )
HYUNDAI ( JAPAN)
NIKOLA ( USA )

They give a good balance across Green Hydrogen components , production, fuel distribution and end use products such as vehicles ( Hyundai & Nikola )

I would definitely include Johnson Matthey , Cummins and Hyundai in the long term mix as all well established companies that are income producing by dividend and a good balance between the rest weighted towards ITM, PLUG, BALLARD and NEL as they have good global reach already.

DYOR as ever , and good luck.

ITM is the best share I have ever invested in in my 33 years as a private investor to date , and I think it has a lot more mileage yet.

A great webinar.

Cash neutral projected by 2024 which is fantastic during a high growth phase.

Also interesting to learn about the fueling contract with National Express which will be subject to a future RNS, I think we will get many RNS's about ITM Motive.

All in all very upbeat and I thought Graham Cooley did a great job about selling the future of ITM to current and new investors. I especially liked the indication that the finance was in place to build the next factory when the current one reaches 60% capacity.

I can see why the Bank Of America has a price of 800p in its latest update , I think that is conservative .

Prediction for year end ........1500p IMHO

Spot on Seaangler, no funding issues for the foreseeable future, that is the most important part to take away from this update for sure.

All the jittery PI's have been shaken out the tree now.

Could actually see the SP end up above where it started once the great info of the RNS has been fully digested.

With all the cash in the bank, ITM are pretty much fully funded for the foreseeable future as new factory production ramps up.

At this stage the National Grid seminar the other day on the future of Hydrogen in the gas grid's across the world is far more important to digest than the news about Scania yesterday.

Agree Tonearm. It's the gut feeling of following and being invested for 6 years that will win the day for the long term investors.

I keep looking at Plug who I have been invested in for the same length of time and in my mind I think ITM are about two years behind them , but have the potential to overtake them in the coming years with partners such Shell, Linde and Snam in the bag, and potentially more over the years.

With Plug's current market cap ranging between £ 15 - 19 billion, I would say today marks a fill your boots time kind of moment because that is the sort of market cap we have to look forward to in the not too distant further .....2 - 5 year range, that will do me as an exit point to enjoy retirement.

Just sold some of my Tesco which have done well recently to park here for a few days.

Got to take every opportunity at this price Busy builder.

FTSE 100 down 1.7% today as well. Well an truly the Covid-19 effect as it continues to drag down the market in general.

Don't forget what happened with ITM last March , and then look at the weeks and months after.

A temporary blip. I keep looking at the market cap of Plug power and thinking when ITM will be at the £ 19 billion mark, certainly inside two years is not unrealistic IMHO.

Totally agree Thirskwomble.

Back over 600p today or tomorrow and back to normal next week.

Exactly the same happened at the end of year results but ITM have more cash now and a better looking future so the recovery from today's low will be quick.

And another nibble at 521p for a bit of a day trade.

Time to hold the nerve and buy into the drop. Nothing has changed for ITM.

Took a punt on some more at 546p.

I think things will look a bit better by the end of the day once the full report has sunk in.

If the loss was 12.5 million on very little turnover then the next 12 months will be a turnround based on current contracts secured and the pipeline.

All is good , the panic sellers will regret pushing the sell button , probably a lot of automatic sells as well through people not adjusting stop losses.

Looking forward to the presentation this afternoon.

Agree on both points Toneman.

Holding on to some of last year's profits to take advantage of the correction when it comes, sometime around when it becomes apparent that the vacinnes are not all they are cracked up to be be.

Have always had it in my mind that there has never been a successful vaccine for any Coronavirus.

Golly Leo......are you a Graham Cooley clone :-)

As long term readers of the board know I always keep my feet firmly on the ground.

ITM back in June enabled me to diversify greatly as the growth had made it top heavy in my portfolio, so with some of my profits cashed in back then heading into the likes of Plug, AFC and Powerhouse not long after, for me it was a good decision and my Hydrogen portfolio is a lot more balanced now.

Another diversification back then was Johnson Matthey , I like the fact they were established , income producing by way of profit and dividend distribution and heavily into Hydrogen.

We have to remember with competition like this around amongst a few other companies it's going to be a very competitive market so ITM has to get the pricing right.

Anyway , and interesting read showing the scale of the competition.

I haven't let it worry me yet having bought another tranche of ITM today off the back of The Bank Of America upgrade, but as ever I will keep a close eye on what is going on around us and keep my options fluid.

https://www.prnewswire.com/news-releases/johnson-matthey-announces-manufacturing-capacity-for-key-components-in-green-hydrogen-301211121.html

Great read concerning Hydrogen adoption in Abu Dhabi.....

https://oilprice.com/Alternative-Energy/Fuel-Cells/UAE-Oil-Major-Turns-To-Hydrogen.html

This chap is worth a listen.

I like both Plug & ITM, but I disagree with him that Plug possibly has a better future.

The figures in the latest trading update for ITM we know are not going to look good , but I feel certain we are potentially going to hear about a lot in the bag since October 2020, we already know that their is a 28 MW order in the bag which will more than double the turnover from the whole of the 2020 year end.

The current market cap of Plug is ranging between £ 15 to £ 19 billion with its market swings.

With its 1 GW factory now complete there is no reason with partners in board such as Linde and Snam that inside the next 12 months ITM should not have a market cap the same size as Plug.

ITM now have the potential to be a contender for the FTSE 100 inside the next 12 months all being well.

I am going to top up before the trading update as 1000p is not out of the question by then.

What a difference a few months can make.

Good luck everyone .

https://youtu.be/vhi4r8KSxyo

Yes SaleSale I am in VLS and agree a long term hold.

My complete Hydrogen associated portfolio ......

ITM ( UK )
POWERHOUSE ( UK )
AFC Energy ( UK )
McPHY Energy ( FRANCE )
NEL ( NORWAY )
PLUG ( USA )
BALLARD ( CANADA )
CERES POWER HOLDINGS ( UK )
HEXAGON COMPOSITES ( NORWAY )
VELOCYS ( UK )
CUMMINS INC
JOHNSON MATTHEY ( UK )
HYUNDAI ( JAPAN)
NIKOLA ( USA )

Very happy with the 12 month performance and global spread.

Another problem that others must have here dictated by the market.

When I first invested in the Hydrogen shares of ITM, Ballard and Plug some 6 years ago , it was an out and out punt based on a good gut feeling based upon my research back then.

So I invested no more than 5% of my total investment in these shares which seemed sensible.

Wind forward 6 years to June 2020 and those shares alone had advanced to 80% of my portfolio , there was quite a bit of general uncertainty about and we are not fully out of the woods. That was one of the drivers of selling off some and keeping some cash back and taking a few shares in other sectors to create balance again.

Here I am six months later and am having the same problem again, the growth has unbalanced the portfolio and is now over where I feel comfortable in one sector.

My gut feeling tells me to let it run.

Who else has the same problem ?

You are correct Toneman, excess will be taxed straight away .

Toneman......as I have always said you have to keep your views fluid in investment..

When I posted caution it wasn't without valid reason.

Things have moved on since then , the biggest one being Biden in the hot seat in the USA.

That is a major game changer as we will see over the next 4 years.

I very much doubt we will see 100 - 175p now based on what is unfolding now just to put that one to bed.

Was looking at where my Hydrogen shares had gone over the past few months and my main concern now is the future tax bill on my SIPP as it will likely surpass the invetment cap inside the next 12 months at this rate.

I guess that is not a bad problem to have .