Member Info for psmith64

I still believe the upside is going to be colossal and up until the beginning of the year nothing was going to stop it until Covid-19 came along.

This could put things on hold for a good two years until / if a vaccine is found. As much as Hydrogen is the thing of the future at the moment trying to preserve the existing economy is going to be the name of the game.

Without a vaccine or decent antidote this virus is not going anywhere anytime soon and we are about to experience it at its worst as we head towards winter, the viruses friend.

We know more about it with a lot of restrictive measures in place, yet its getting hold again, let that tell you something.

All public available finances will be needed to fight this now so very little will go into Hydrogen at the moment.

There will be a better time to invest here sometime in 2021 or maybe 2022. Its more speculative than ever especially when you read how nuclear energy could be heavily involved in producing Hydrogen.

I am worried that when ITM run out of cash that Linde may be positioning itself to just absorb it within Linde.

Nothing is clear cut here at the moment. It will be interesting to see the final results, they hopefully will not have any nasty surprises.

No share is going to escape. Anyone who got out of ITM last week were very fortunate.

It's not a case of if the FTSE 100 hits 5000 and pulls all good shares down with it, its when now.

Don't let greed get the better of you, when something is too good to be true, it normally is.

A few months back ITM shareholders were seeing over 700% return inside a 12 month period, as many who got greedy are now finding out that was a once in a lifetime opportunity.

Well done to all of those that grasped the opportunity and took the money and ran.

I predicted 175p here a few months back, I am down grading that today to 125p. With the way this pandemic is going there will be no government cash to invest in Hydrogen, it will be a case of preserving the existing economy and people.

To those that continue to hold and keep your cash in the wider market, you have seen nothing yet. Just go careful. It takes a while to accumulate but can be so quick to lose it.

Yes Troublesome...... Spell check, should have been devastating, and I don't have a clue just how badly a no deal Brexit will affect the market, its going to be bad if it happens, but just how bad, who knows. All I know is I won't be buying back in anywhere until there is more clarity.

Yes Stanners77 I think you are right. There will be more cash thrown at saving businesses and jobs come November when furlough ends, Hydrogen will sadly take a back seat by the UK government as they try and dig themselves out of their poor performance on Covid-19 and now Brexit.

2021 is not going to be an easy year for them. I think their will be some stock market bargains to be had due to the Tories disarray including a much better entry point here at ITM which is going to get dragged down by the general market blood bath that is edging ever closer.

Can't wait to get my finger back on the buy button here, across construction which has further falls to come and the best of the retailers such as Next that have a great online offering.

I am being tempted by nothing until we see what Brexit really is in early 2021 because like many, I really don't have a clue what Brexit really is and what it's going to do to the markets if we leave without a deal. That will have a deviating effect on many companies and the individuals if it does end in no deal.

Today's rise off the back of old news in reality gives a good opportunity for those that joined the party a little late without much loss.

The RNS today is pretty meaningless as it has no contract value attached to it and is probably part of the contracts under negotiation stated in the trading update back in June.

If this was a totally new opportunity since then I would have expected news of that in this RNS.

10MW of electrolysis for ITM does not amount to a major contact in any sense, let's hope they do better out of it than the similar size one with Shell which at the last trading update was making losses of circa £ 3 million.

It's still way over valued and I still believe over the coming months we will see the SP fall back to a more realistic price sub 200p to price in its speculative nature.

Hopefully the next trading update will reveal the Shell contract has not made further losses than declared, I would wish to see that confirmed before I re-invest because loss forecasts do tend to be on the optimistic side normally.

A good chance today for anyone considering selling to keep a little more profit before the eventual market blood bath just around the corner.

I think you have been at the sauce again Tonearm.

The SP has been way over priced for a while now and it's in the course of a correction. A bit further to go before it becomes worth a punt again for the speculative bet that it is.

I would like to see the final outcome of the Shell project. Let's hope the losses there do not end up worse than previously declared, that would not go down well. I have lost a bit of trust over that because they must have known about that long before they declared it.

Been a bit busy of late but have been keeping an eye on things.

Something I haven't seen in a long time is that holders from the last three months are now in a loss making situation, I think the six month holders will in the next few weeks see their profits evaporate too.

Brexit, the Covid-19 infection rate creeping back up, major job losses over the coming months is all adding to the general malaise in the market.

Also since the last trading update, which I didn't think was overly inspiring after the potential loss declaration on the Shell project by a few million, the directors sold out a lot of shares, and their has been no news flow on the contracts under negotiation or the tender pipeline.

The general market is also in the doldrums for the reasons I mention.

As per my posts from a couple of months back I think we will see the SP fall back below 200p.

Our government don't help either, not one peep out of them about investing in our energy security via Hydrogen, they are too busy rectifying their Covid-19 mistakes and creating new Brexit mistakes.

Not a good time to be buying highly speculative shares which ITM is, no profits, burning millions of cash and a very small turnover going forward in a very difficult economic times.

Stay well clear at the moment until we get some certainty of some sort is my thoughts, or be prepared to get burnt in the short to medium term.

Not in this case dsc1978.

Some are playing with fire at the moment and the end product is you always get burnt.

The sensible ones will be sitting on a pile of cash ready to mop up after the final bloodbath somewhere around November.

Until then the fire will keep dying and flaring.

Greed will sadly overrule common sense for some

Yes troublesome, those holding on the sides of the roller-coaster.

It's much better in the ground. Talking about ground, the sun is shining and I am off to tend to the garden.

Have a good day.

Sometimes it doesn't gain you any friends in the investment world when you are realistic about things as I have found out on this board.

When it comes down to it I would rather post about protecting cash and get some balance on the board than worry about who likes me and who doesn't at the moment.

If you check out psmith64 on past postings on ii and ADVFN you will see I don't commit to writing unless I am positive about something, good or bad.

It's like listening to Mystic Meg.
Sometimes in investment it just takes gut feeling and as regular readers know my gut feeling is we will see more major drops in the region of circa 175p before we see sustained rise.

For the speculative punt this still is as per the last trading update the current SP is way to high.

We will see fairly swiftly now I think as the reality of just how dire the global economy is due to Covid-19. We are a long way off a vaccine, more likely to not get one than get one if you read the more realistic views out there.

It's going to take years to recover from this mess and we haven't seen the worst yet in my honest opinion.

It's better to be realistic in these times and protect your cash as much as possible.

My social calendar is always full :-)

Why can't our useless government do what Europe have done and put out a big headline about investment in a UK Hydrogen Society that will give tg UK energy security and put us ahead of the world.

What is holding them back. If they are not careful we will get left behind. With companies like ITM around our government should be investing in the future of zero carbon right now.

Now we are not going to get EU grants they need to act quickly.

Well you would hope so tonearm, but there is a lot of Linde news out there since the their link up with ITM, that doesn't involve ITM and that concerns me about the motive for the Linde link up.

Could it be when the next round of cash is needed it won't be another share issue but a Linde takeover and then ITM gets swallowed up within Linde.

A good way for Linde to get full ownership for advancement of their own well established Hydrogen arm which includes installation of electrolyzers and fuel stations.

This is the sort of Linde news that concerns me. Why no link up with ITM's established fuel division when Linde own 20% of the company. Looks like they prefer 100% of their own input.

https://www.petrolplaza.com/news/25433

Let's see what Bilboburger thinks come the end of 2020 if he has me on filter.

I am pretty thoughtful what I post on investment boards and anyone checking out psmith64 on the ii and ADVFN boards from the past will see I have a good track record with my posts which are always made with good intent.

I am confident we will see a better SP to buy in at in the not too distant future, the current SP is now a bit top heavy in my opinion based on what lies ahead regarding the full effect of Covid-19 and the unfolding Brexit drama.

The wider market is down circa 16% the last 12 months, 12 month holders of ITM are sitting on over 600%. The goose is not going to be getting fat for many so there will be some profit takers as Christmas approaches so ITM I believe will see some holders taking profits. It's not often you can cash in 600% inside 12 months.

Correct Seaangler, dsc1978 just couldn't resist and was obviously missing my input :-)

No troublesome, the board was just becoming more and more off topic.

It needed a bit more ITM specific talk.

Nice profit. Look after it.

I have never been a chartist. If it was that easy we would all be millionaires.

Charts can never take account of the unknown such as pandemics and the final outcome of Brexit for example.

An interesting 6 months ahead and my gut feeling is that these are going to be some bargains to be had in 2021.

If all goes well over the next 5 - 10 years that is very possible, but now that would give a market cap of circa £ 7 Billion.

We need to see a bit of profit and some major growth before £ 15 becomes more realistic.

When I reinvest £ 15 would be my minimum target but there are a few hoops to jump through yet and some more news flow required to give some confidence in that price prediction.

What a strange response troublesome.

I was hoping for someone to post a good reason for me to buy back in now, something for me to go off and research, something I may have missed.

All I have at the moment is that ITM will have a factory with a potential of 1GW potential manufacturing capacity with £ 26 million of secured projects and £ 30 million under negotiation and a project with Shell that is failing financially that will wipe out any good of the above £ 50 million of future works.

I just can't work out how the SP has got to where it is. Nothing new announced since the last update and 1/4 of a year is a long time for a forward thinking company in a major new market to have no new news.

It makes you wonder what is going on or more to the point, not going on.

Graham Cooley has become financially secure, holds very few of the 445 million shares, I just wonder if he has lost a bit of interest.

It's a bit like the lottery winner carrying on working, will the heart really be in it.

I need to know a few answers before I reinvest and see some positive action.

I don't mind missing out on a bit of profit if some positive news comes out while I sit on the sidelines.

I was quite happy with the 150p price pre-pandemic, that seemed about right for where the company was . I just don't see how at one stage over 200p got added in the course of the pandemic, it doesn't stack up.

Just some sensible thoughts for discussion is my view here.