Member Info for psmith64

Agree Toneman, couldn't resist buying a few more at these prices, a really good 5 year hold now.

I don't see any reason why not.

With such demand forecast then anyone who can manufacture is going to be in the mix for supplying the goods.

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.

Can only be good news for the likes of ITM Power .......

https://www.ross-shirejournal.co.uk/news/inverness-green-hydrogen-transport-hub-takes-a-step-nearer-c-273394/

Some good news for the future of Hydrogen vehicles and off course the knock on effect for ITM in producing green hydrogen .

https://www.express.co.uk/news/science/1600898/energy-crisis-uk-hydrogen-breakthrough-paves-way-cheap-truly-green-power

No sure if this has already been shared , well worth a read.

https://www.themanufacturer.com/articles/far-from-being-the-fuel-of-the-future-is-hydrogen-the-fuel-of-today/

A great article on the planning application for the new factory.......

https://www-thestar-co-uk.cdn.ampproject.org/c/s/www.thestar.co.uk/news/politics/climate-crisis-plans-for-ps70-million-sheffield-facility-to-play-major-role-in-reaching-net-zero-3642057?amp

This is the link to the article..........

https://www.theengineer.co.uk/itm-power-gears-up-for-green-hydrogen-revolution/

After the success of the safety trial in blending 20% hydrogen in public gas network , blending could be rolled out across the UK as soon as 2023 new report says ........

https://www.thetimes.co.uk/article/d7d1a3dc-b6b3-11ec-8ba8-f6bf3099f5f6?shareToken=d04fe98186a4e7208a849832c5ae24c9

Then one day out of the blue , or in this case out of the green hydrogen it will be ...........

Boom , bang , bong .............lift off.

ITM power will head north fueled by its one green hydrogen rocket with contracts left right and centre and we will all live happily ever after.

It might seem like a fairy story but their is so much just over the horizon the most exciting of which is the 20% mix that is going to happen in our own gas network here in the UK from 2023.

A little more patience needed , but the even bigger reward for us long termers is not far off in my view.

National Grid aiming to inject 20% hydrogen into the grid by 2025 as trial kicks off in 300 homes in Scotland.

No wonder ITM are racing ahead with plans for the new factory.

A good read .........

https://www.bbc.com/news/business-60241966

I think the company is in a much stronger position now than when the SP was riding over 700p.

The Russian affair has really brought home how all nations now need to be energy secure and with the abundance of Hydrogen what better place to be invested at the moment that a decent Hydrogen tech company.

It's a double whammy as it answers the need to get carbon emissions down as well with green Hydrogen.

It's a no brainer to be invested in Hydrogen at the moment in my eyes and many others.

The article below is a great read and shows how large industrial corporations are taking things into their own hands to get an edge with consumers regarding the environment , others will follow.

A new industrial revolution is happening off the back of green hydrogen and I still believe we are still in at ground floor .........

https://www.h2-view.com/story/care-for-your-hair-home-and-the-environment-hydrogen-to-transform-the-manufacturing-process-of-domestic-items/

In the meantime none of us long term investors can complain especially the wise ones that have already banked the first round of mega gains.

I make no bones that when I took my first 2500% profit now invested in a new business venture that I could have ridden it out and made even more , but 2500% , what's not to like about that.

Now well and truly on course for the next round of profits over the next 5 years and if it all goes wrong , I won't be complaining , my investment in ITM the last six years has been life changing , now able to be classed as semi retired at 58 and looking at 60 to be fully retired by 60 if I choose too.

I have got a lot of respect for Graham Cooley having met and talked to him at an investors day some 6 years ago and to where he has taken the company today with the inward investment he has attracted to ensure the future growth goals are achieved.

I fully believe we will look back on today's SP in 5 years time and will be thinking " glad we kept the faith "

He is probably pee'd off that looking at 5 year gains of 2500% he had missed out on a lot of cash over that time.

What a Muppet

Must be on the blower to the fire brigade as they must be burning a bit now.

This has 500p written all over sooner than I thought.