Member Info for psmith64

Seaangler....I wouldn't write the marketwide bloodbath off yet until we know the outcome of Brexit and the potential of a three month lockdown to start 2021.

The lack of progress with Brexit is delaying things and there appears to be a few gamblers out there.

A no deal Brexit and further Covid economic shock can't be ruled out at the moment, both could easily wipe 1000 points off the FTSE and drag a few other good company SP's down

Let's see what January brings before you write off the bloodbath.

What does Smithy know..........

Took the profit and ran and doubled my stake in Powerhouse now up over 100% in a week.

I know when to quit an over priced share and then look for the next underpriced ones, Powerhouse and AFC.

Anyway, still not a bad little circa 30% nudge up with ITM since the fundraise which your average investor would be happy with.

Smithy knows he was better to be adding to AFC and Powerhouse last week.

Still, not a bad end for ITM today.

Been a holder here for a while as part of a wider portfolio of Hydrogen shares.

I have to admit after being a holder of some of them for nearly 6 years I sold out and took the profit, in the case of ITM Power it was substantial profit. The best individual share I have ever bought.

My holding here amounts to 125,000 shares and was one of the ones I kept and looking at where we are today am glad I did.

I like what Powerhouse do and have a hunch over the next five years this could rise on the scale of ITM.

Here is hoping. Good luck everyone.

Great rise for Powerhouse today.

It has a sniff about it that ITM did 5 years ago.

AFC also holding up good today.

I think with the amount of profit sitting in ITM at the moment for many ,it's going to be tempting to take some before year end.

I wouldn't want Johnson anywhere near the place. He has lost the trust of the nation over his Covid-19 mistakes and his disastrous handling of Brexit.

Let's hope it's someone like Bill Gates who would be a much better choice.

Some good short term gains to be made looking at recent weeks.

Nice little 6% made today on a recent buy.Chrismas is free this year.

Not many places you can returns like that in a couple of days , certainly not many places to have got ITM Power returns the last 5 years.

It's a good all-rounder for the long term and day trading.

I agree, if Brexit on top of Covid-19 doesn't bankrupt the UK and EU.

Fingers crossed for a deal of some sort today because this down to the wire business is not a good thing.

ColonelNivlag ............. it's more to do with our bafoon of a Prime Minister still not being any further forward with Brexit which will also have the ability to destabilise Europe as well, not good.

Then there is Covid-19, still not under control even with the November lockdown.

I mentioned a blood bath a while back for the stock market in general and I still think with all the uncertainty ahead it's still a possibility.

I got enticed back here and am now out again and today off the back of good profits on AFC, Ceres, Powerhouse and Velocys I have offloaded again and took the profit.

It's going to be a merry Christmas my end with little stress.

All in all a good 2020 on the investment front, let's hope this vaccine is the magic bullet on the virus front for 2021, I am reserving judgement on that at the moment hence I have been cautious about protecting profit in the second part of the year.

Good luck whatever your position is.

Yes SatellitePro, very pleased with Plug as well as AFC , Velocys and Ceres the last couple of weeks.

I did miss that Tonearm. Last week was a bit hectic.
Signed, good petition.
Cheers, Paul

When you see all the newsflow coming from other players in the Hydrogen sector regarding projects one thing that is obvious is the lack of news from ITM concerning projects.

Graham Cooley seems to spend most of his time pumping out general Hydrogen stories across LinkedIn, Facebook and Twitter but very little contains news about ITM.

Where is the news, where are the projects ?

This is what makes me think more and more ITM are just preparing for the sell off. The directors hold very few shares having sold off a load this year to secure their financial future and what they continue to hold will be 6hTouch and hold a clip to pin it. Unpinned clips will be the icing on the cake when ITM gets absorbed if a sell off does happen.

We heard all about ITM Motive earlier in the year but not a word since.

Here below is some news from Logan Energy on the re-fuling front for hydrogen vehicles, this is the sort of thing we need to be hearing from ITM on a regular basis to support the current SP.

Somebody at ITM needs to be getting some good marketing out there.

https://www.loganenergy.com/news/

Off the back of mega 2000% + profits earlier in year yesterday I sold out and took another 20%.

20% in such a short space of time was just too tempting when with retirement just a few years off and other Hydrogen investments bought during 2020 not being so overpriced with better growth potential over the next four years, it just made sense for my situation to take the cash.

I have no doubt there is still growth ahead more likely from a take over if green Hydrogen really does take off because if it does then ITM will again need massive investment on a major scale so I wouldn't be surprised with the current SP already pitched way into the future we could see a full blown take over from the likes of Linde next year.

Even if that is the case there are better places to be at the moment regarding growth in Hydrogen in my opinion.

Good luck everyone, it's been one of the best years ever on our investment lives for those of us on the ride the last 6 years, pretty life changing really.

I will be keeping an eye on things should the price drop to a more realistic entry point.

A great article where Graham Cooley discusses the future part ITM Power can play in helping nations achieve net zero by 2050 and now they have the blueprint for a 1GW factory the potential to build another one now they have the funds to do it.

https://www.h2-view.com/story/european-hydrogen-week-an-interview-with-itm-powers-graham-cooley/

Yes, nice. And AFC up nearly 100% on a couple of weeks.

Christmas has come early.

You got to pity those who have tracker funds this year.

Best year of investment I have ever had thanks an afternoon of research just over 5 years ago after an ad popped up about a Hydrogen Car, I didn't even know they existed until then.

Don't tempt fate Troublesome..........if the double comes in - no deal Brexit and none of the vaccines pass safely checks or the treble which will include the mink variant of Covid-19 becoming widespread, then nothing is off the table.

I am still keeping an open mind, being cautious and still holding 60% in cash at the moment.

Hydrogen is still quite a speculative gamble.

Thanks Tonearm.......... bought some MyPhy this morning

I think with 12 Hydrogen related companies in my portfolio from across the world I am quite well balanced and spreading the risk.

Cheers,Paul

Nice :-)

I can relate to your post Seaangler.

Nearly 6 years ago I invested circa £ 10 K across mine and my wife's SIPP's and ISA's in three Hydrogen based companies, ITM , Ballard and Plug. At that time that was circa 5% of our entire stock investment. It was a gamble I was comfortable with. In the last 12 months I also added AFC, Velocys and Powerhouse into the mix as part of my next five year plan.

Wind forward nearly 6 years from those initial three shares and that 5% had catapulted to to circa 50% value of our portfolio with much of the major growth happening in the last 12 months.

In that 12 months we have had a pandemic and the effect on the market was an eye opener back in March and for a week caused a lot of anxiety albeit short lived.

In the preceding months we saw massive swings, not good for the stress levels.

Back in June as you know I cashed in ITM and also Ballard and Plug and took stock of the situation. The stress levels the last few month's were a lot less and a lot of positive newsflow across Hydrogen has come out of the woodwork.

So the top and bottom of it is I have now held back 50% of the profits and re-invested the remaining 50% in a more balanced portfolio of 11 stocks which include ITM, Plug, Ballard, Powerhouse, AFC, Velocys, Ceres, NEL, Cummins, Nikola and also added Johnson Matthey last week after their fall as they seem well placed to take advantage of the growth in Hydrogen. ITM form 50% of the mix in relation to value.

Still risk ahead but happy to hold for the next 5 years now without trying to be clever trying to call the market, I just about got away with it after getting back on here at 308p after cashing in at 323p earlier.

Of course if the SP drops to 175p here I will top up a little out of the profit taken.

Any more Hydrogen shares I should be looking at ?

Looking forward to the next 5 years.

When oil rich Saudi Arabia want a slice of the action you know you are on to a good thing.

A good read and although there are sceptics out there , green Hydrogen has its place as part of the net zero future.

https://www.bbc.com/future/article/20201112-the-green-hydrogen-revolution-in-renewable-energy