Member Info for psmith64

Bellers, that is a great idea.

What way up do you plant the conkers, shiny side down I am guessing. How to long do they take to germinate.

Most interesting post on here of late.

My stance hasn't changed. Still will look to buy back in when around 175p which I think is more likely than my target at the other end of 400p off the back of an order book that needs to be £ 500 million to warrant anywhere near the current SP.

I don't think the soon to be announced final results will have much impact especially if the losses on the Shell project has increased. I would like an update on that before parting with my cash.

We know the company had circa £ 26 million of contracts in the bag and another £ 30 +million under negotiation, I am surprised we have had no update on those.

I also wish to see how much of that £ 250 + million of good tenders has progressed, not very well is my guess as we would have heard something by now. I am guessing the current world uncertainty over Covid-19 is still having great impact and will do possiblity for the next few years as we see exactly what unfolds in regards to this virus.

Personally I don't think there is going to be much positive progress since the last trading update due to how quiet ITM have been since it.

Dr Cooley nearly everyday pumps out general news about Hydrogen on Twitter, Facebook and LinkedIn , but where is all the ITM specific news ?

Our government has not done the UK stock market any favours the this year. With two months to go we still don't know what Brexit is, this is shocking.

They have mucked up big time over Covid-19 and without doubt we are heading for another national lock down which we should already be in according to the science they are supposed to be following.

How can anyone have any confidence to invest in speculative investments which ITM is.

Look at all the positive news about Hydrogen access Europe yet most Hydrogen shares have taken a dive.

If and it's a big if Johnson and his cronies throw money at Hydrogen, it won't be a lot, they need all the cash to cope with Covid-19.

Starmer has taken a calculated gamble this week, and a good one. If Johnson U turns on a national lock down him and his government are sunk and that alone is going to have averse affect on the markets and bring down many good shares because like me a few months back people will need the security of cash and with two year holders here sitting on 1000% life changing profits they will want to protect them and I think we see that starting to happen today across the wider market before the bloodbath in November, and it's going to be some bloodbath.

This virus is winning hands down against the most useless tory government ever

This is now a much higher risk share than it was in January.

It's easy to fall too much in love with a share. I got very lucky with it and the last few months since I jumped off the see saw my stress levels have been nil.

I saw I was being misse

Way2L8...... on my holiday now. Back in a couple of weeks.

Go back and read it around the end of next month, it might make more sense to you by then.

You will be thinking where did he get the crystal ball from ;-)

BuilderPete.......... to equate ITM to the likes of Apple, Amazon and Tesla.

All of those companies were unique and you can include eBay amongst them.

ITM is a cog in a very big, and competitive wheel.

They are always going to be at risk of being swallowed up by the likes of Shell or BP if those companies need the technology.

Hydrogen is still in its infancy and ITM is a strong contender in the market without doubt, but it does not command the current SP, why do you think the directors sold out £ 11 million at £ 2.84?.......because they knew they were onto a good thing.

Maybe if they bought a few million back at today's level ITM might gain some trust back from investors.

There is no point in throwing profit away when it's pretty obvious that there is a general market bloodbath on the horizon.

I do believe ITM has a future either on its own or from a takeover, but its over priced right now and I am 100% confident we will see the price retract back to a fairer price. I will start getting excited again at 175p or 400p with a full order book.

I am happy with the 2000%+ profit I have made so far and protected and I don't mind missing out on a bit of profit if the 400p proposition happens.

As it stands at the moment its best to be protecting your cash. I guess I am lucky to have probably found one of the best performing shares of the last five years along with a few others to be able to keep pretty much out of the market.

I certainly found the Tesla of Hydrogen in ITM the last five years. Sometimes you just have to look at things more carefully when uncertainty looms for all stock.

This worldwide recession is going to be like nothing in our lifetime, Covid-19 is a total unknown, I am basing my decisions on a worse case scenario of no viable vaccine for at least two years or more which is more than a probable outcome if you do your research. No vaccine has ever been found for a Coronavirus, and that includes the common cold where they have up after about 40 years of trying.

Sadly we have a useless government that nobody trusts in a world that is strapped for cash as it tries to get on top of Covid-19.

Look at the massive money the EU have said they are pumping into Hydrogen, yet NEL have gone backwards since that announcement as have other EU Hydrogen related businesses.

Let that tell you something here. The SP is priced way into the future. At the current SP the company needs to making over £ 50 million per annum. Currently it's turnover for its last trading year is under £ 5 million with a cash burn of £ 17 million not helped by a loss making major contract.

It's years off the current SP, and with us leaving the EU will now be relying on a cash strapped UK government for grants or investment because the EU ones will have dried up.

Leaving the EU and the sad and unexpected arrival of Covid-19 has totally made ITM more speculative than ever.

1LEO.........do you not realise you can respond on this thread instead of keep junking up the board with a new thread with the same heading?

That made me chuckle 1LEO.

You seriously believe one poster on a bulleting board can change the course of an SP?

It is markets and the company itself that dictates price movement.

If ITM suddenly announced it had secured £ 200 million of those tenders in the pipeline, that would soon prick a lot of ears up including mine.

The last trading update was one that spelled caution. It hadn't won many of the £ 400 million it shouted about in the 2019 trading update, its turnover was well down even taking into account of Covid-19, it has been affected by the ongoing severity of Covid-19, its largest contract to date is making losses in excess of £ 3 million and soon after the directors cashed in £ 11 million of shares at £ 2.83. They are home and dry, whilst all other investors are at great risk.

If that doesn't make you realise that a little caution should not go a miss, then good luck.

In the meantime since I started posting my cautionary notes at the moment it was wise to post it. Nobody who has bought in for the first time since my caution is making profit and those that have held longer have lost a fair bit of profit. One investor here declared he held 100,000 shares, at the current time he has given away close to £ 80,000 and its going to be more.

You have to look at what is going on in the wider market. This is coming from someone who in my earlier days got a bit carried away and didn't listen to other people's caution when I should have.

My views are not to say everyone should follow me but to just be cautious. Watch the wider market here in the UK and wider. As we saw in March that can impact even the good shares.

There is worse to come in the world than what happened in March. History has a habit of repeating itself, a second wave is normally worse and our government have already come to the conclusion the next six months is going to be bumpy in many respects.

We don't normally get this much advance warning. Make use of it to your advantage, that is my take on it.

Bilboburger...... I have never tried to be clever with my posts as some suggest.

Sometimes you need to introduce a bit of caution on these boards at times.

Yes I changed my mind from my early posts, but with good reason as we are now seeing.

I was very fortunate to get away with my punt from five years back and it honestly broke my heart to temporality cash in on ITM, nobody could have forseen what this year has brought. Nobody could have forseen Johnson going back on a deal he won an election on, that could be more catastrophic than Covid-19.

Two major tests to the market that nobody can be positive about at the moment. For the moment the best security is cash. Period.

Thanks Seaangler........ My posts always have some logic and I do think of trying to make people think a little.

The profits we have all seen here the last 5 years are a once in a lifetime event, but they are just as easy to lose if you get to carried away.

I have had a very stress free summer, spent some of the profit and have plenty left to mop up some bargains in 2021. I am even thinking Taylor Wimpey could see a 50p entry level again and a punt on Lloyds Bank at 10p. I am excited at the prospects of 2021, as long as Covid-19 doesn't get me, hence I have been spending some.

Even the last RNS has been pretty fruitless. What use was it?

Was it part of contracts we already knew about from the last trading update? It conveniently didn't mention that, very deceiving.

What is the worth of this Scottish contract? It conveniently didn't mention that.

When RNS's are pretty faceless what is the real point of them, they tell you very little. I lose trust when an RNS is not fully truthful.

If the profit on those projects is around £ 50 million it might just about support today's SP 1LEO

That is the reality of it all. The SP at the moment is way to high for the speculative play it has become.

Lets see what the next 6 months brings. I am happy to be out at the moment. If it gets all those contract hits, I will glady buy back in, I don't mind missing out on a bit of profit to get security.

I done my risk bit here and am happy with the result.

I am happy to take risk again without contract wins, but not at today's way over the top SP, it has to be back down to 175p or below as things stand.

In the time I have been posting caution, all recent holders are now in a loss making situation and for the one year holders profits are slipping away.

As of this moment in time, three month holders are showing a small loss, one year holders still have a 400% plus profit. Not too bad for any share over the last 12 months.

Without doubt we are about to see the worldwide chaos of Covid-19 governments and people got complacent.

Without any doubt the UK will have another full lockdown, or as close to one as you will get and it will be more lengthy than the last.

The disaster of Brexit is becoming clearer by the day.

When I first mentioned these things a few months back there was an outside chance I got these predictions wrong, sadly now its not the case.

The real bloodbath is going to come in October, a month earlier than I originally thought.

Just be careful, this Covid-19 is going to cause havoc for the whole of 2021 and possibly beyond.

Cash is king. My summer has been pretty stress free and so is my winter.

I have taken chances all my investment life, but sometimes you have to realise when caution is needed, now is that time.

Good luck everyone.

1LEO......for starters the pubs and restaurants should be shut. You can only have 6 people in your own space yet can sit with many more unknown people in a pub or restaurant.

When the infection rate hits 10,000 next week the pubs will be shut, another week lost in preventing spread by our useless government.

Always lagging, just like they are with Hydrogen. A shame Cummings is not a buddy of Cooley's ;-)

Lomlcshizz, I totally agree about the long term future, but I don't agree about over paying for it.

I sold out and took advantage of the market, so am ready to take advantage when the price becomes more sensible for the speculative investment it is.

Green43........ things have also changed a lot since then. Our government has gone from bad to worse over its handling of Covid-19 and now we have the Brexit disaster on the horizon, also going from bad to worse.

The markets are ever evolving due to circumstances so you have to have the ability to change your mind.

We are where we are, there will be some bargains to be had in the next few months, including ITM when the price corrects itself over the next month or so.

Anyone buying in now is taking a big risk here.

Green43...... I got it wrong back then. Sometimes you have to have the mind of a politician in investment and do a U turn and just admit you got it wrong.

If you don't realise your mistakes in time, you get caught out.

Depends how many they can secure and make a profit on 1LEO.

Look back at the 2019 trading update....... over £ 400 million in the tender pipeline back then with just over £ 25 million under contract as per the 2020 update, with over £ 30 million under negotiation ( not secured)

They need to massively do better with that tender pipeline to justify the current SP. They need to have well over £ 200 million of contracts in the bag to justify anywhere near the current SP.

It's way over priced based on current known news

Of course I am still in love with ITM dsc1978, I have no reason not to be for it has never done me no harm.

If the SP can get near my re-entry target in October, I will be back in waiting for the second round of profits over the next 5 years.

There is massive chance coming to buy at at better chance very soon.

Another 20 - 30p drop likely tomorrow off the back of people opting for the security of cash off of still good profit if you have held for 6 months or more. No point in greedy as many are finding out at the moment.

No ILEO........ From the South, 56, semi retired businessman.

So wrong on all counts.

No, it's like asking " do you believe in fairy stories"

If there was anything in charts everyone would be millionaires. Investment is not quite that easy.

Sharpeye52...... I don't trust financial institutions. They are the downfall of a lot of investors who put faith in them.

Many private investors have done better than Neil Woodford did the last 5 years and I make no bones about it, my research into Hydrogen just over 5 years ago and my caution over the last few months has made my portfolio outperform the majority of the financial institutions, over 2000% on ITM alone in just over 5 years and major gains on the likes of Plug Power and Ballard over the same period.

Sometimes the private investor does have a better insight as backed up by the late Jim Slater, someone I had a lot of respect for and learnt a lot from.

When it's your own cash, take care of it yourself because as in the case of Neil Woodford, they are not left picking up your own pieces.