Member Info for psmith64

As long as there is a bit of value to be had price of a placing doesn't really matter.

In recent times I took my options on Whitbread at 1500p. I bought back in there ñot long back and had no hesitation in taking my rights up there.

I believe it's a good long term recovery stock.

As always, I will continue to manage my own fund.

I could never blindly trust anyone one else to make financial decisions on my part.

If a mistake is going to made , and I have made a few over time, I would rather be responsible for it.

I am just glad I did the research 5 years ago regarding hydrogen and took my main punts back then. It's the first time I have done well out of a high risk situation having had a few disasters in the past.

I hope the next five years is as good as the past, I believe it will be looking at where we are today regarding hydrogen.

It wouldn't even surprise me that with the future launch of a hydrogen investment fund as per my previous post this morning that to keep price stability then new shares at the could be issued at the SP prevailing at the time.

ITM out of all the hydrogen companies I am in at the moment does excite me the most being dedicated to green hydrogen and also the motive sector where major growth is a definite as batteries alone will not suffice.

Once people see car's being fuled in a green way pretty much in the timescale of the cars of today it will be a no brainer for the fuel cell powered car to become more mainstream.

With the potential of a major period of growth over the next few years it's a racing certainty that ITM will need to place more shares in the future, to think otherwise would be foolhardy.

That is why we need some good price stability.

I believe that fund raise will certainly come inside the next 18 months and all being well the SP will be above 400p by then so any fall back if the shares are offered at a lower price then long term investors will be well protected.

That was good foresight SatellitePro especially as you would have spent much time out of pocket in the early days when the price sank to 6p.

Just over five years for me where at that time I started my Hydrogen portfolio with 50% in ITM 25% in Ballard and 25% in Plug.

It's been a bit of a roller coaster at times but what a fantastic ride it's been so far. The best is yet to come though I believe.

I still think long term the fuel cell car will come up on the sidelines for those who are prepared to wait. In the next 5 years I think you will find a Hydrogen just as easy as LPG.

I can see why ITM Motive was formed. Potentially that could be sold off to Shell in the medium term and provide funding for other areas of business as I think the big money is going to be in thw gas to grid sector and ITM are well placed to become massive in that arena.

At the last trading update £ 38 million.
I don't think ITM would have any problem raising funds should it be necessary.

I would imagine once the order books start to fill we may see a fund raise to help with quicker expansion which may include new plants in the Euro zone.

Mostly in Europe. Some great tendering opportunities for those with capacity on a GW scale, ITM being one of them........

https://cen.acs.org/energy/Tension-arises-clean-hydrogen-projects/98/i27

There will be many wanting to take your ITM shares off you on the cheap over the coming months.

Hold on tight and make them pay the price would be my advice. A good read below and you will see why any company with GW factories will be in demand.......

https://www.pv-magazine.com/2020/07/09/eu-hydrogen-strategy-could-drive-120-gw-of-renewables-capacity/

New Hydrogen fund to launch so your shares could be in demand very soon.........

https://oilprice.com/Alternative-Energy/Fuel-Cells/Former-Oil-Execs-To-Launch-New-Hydrogen-Investment-Fund.html

Mucker 007......I think you will find the UK Hydrogen strategy will be announced very soon.

The government knows it is being left behind and it knows it has to do something pretty rapidly now.

A good read below where Graham Cooley discusses that it's new GW factory in Sheffield forms a blueprint for factories in other locations to meet future demand........

https://www.greentechmedia.com/articles/read/eu-sets-green-hydrogen-targets-now-blue-hydrogen-has-to-keep-up

Alex452........ certainly not part of any consortium or pump and dump brigade, just a private investor like everyone on here.

Do you really believe that a share bulletin board can move an SP , I very much doubt it.

Well at least you understood my position Tonearm and yes it was a risk, but a calculated one.

There is still a lot of doom and gloom , but the hydrogen news flow has moved quite positively the last month.

There could be another chance to pull off a similar stunt that I did the other month but I am not quite so brave to do it again at the moment.

As for the Jackanory accusations, I have the proof of all the contract notes should back up be required.

Tysonfury.......read my post properly.

I thought I made it pretty clear that the 400,000 purchase at 6p was purely hypothetical to give an example of the sort of profits that some long term holders could currently be sitting on.

I have never declared anything other than a 30,000 share holding in ITM which is probably quite modest to some on here.

I acquired my holding some 5 years ago in various tranches between 6p to 20p with the 40p placing shares last year, so an average original purchase price of an average of 14p

I did sell out completely back in June at an average of 298p and bought back in a week later at an average of 252p. That has put me in a position in effect of taking out my original investment plus some profit. Effectively that week out has given me my shares for nothing.

I always count my original buy price as the one to work to , I still hold the same amount of shares that cost me 14p, that's how I look at it.

During the last five years I can remember adding some ITM at 6p per share.

I wasn't so risk adverse back then to buy 400,000 at that price but some were, it would have made you a millionaire today.

If I held 400,000 right now I think I would be selling at today's price if I could get 292p and call it a day, I'm not greedy.

And there lies the story. So many people are sitting on massive profits, me and probably quite a few of you too, and yes there are going to be some cutting and running hence we see what we saw at the end of the day today.

But somebody took them at 292p and that is reassuring just as a few weeks back many more were bought at 283p as the directors offloaded some. Both massive sales back up the SP in the 283p to 292p range.

I am comfortable holding for the foreseeable future, certainly the next five years, but will be reviewing things at 1500p if there is no dividend on the horizon by then , I'm not greedy.

That is another thing I am bearing in mind. My average buy price is 14p, I do dream of that day the dividend hit's 14p and I being paid back my initial investment year on year, and that is not an unrealistic thought.

After this mornings second government inquiry into Hydrogen I do believe we will get details of a government backed Hydrogen strategy in the not too distant future.

The important thing that I think came out of this inquiry this morning is that we have the chance to lead the world using existing infrastructure together with the expertise of the likes of ITM Power.

Again another important thing that came out of the inquiry is that if the strategy is delayed then our expertise will be lost off shore as already the likes of ITM are attracting massive international investment, in the case of ITM that is Linde and other smaller international investors.

You won't want to be out of ITM when the UK strategy is announced that is for sure.

A good read below ànyway

https://www.verdict.co.uk/uk-hydrogen-strategy/

In my view yes MoneyInMalta yes 400p is not to far off the horizon with what is happening in Europe and other parts of the world, but you have to DYOR and be in your own comfort zone.

I do believe the UK will announce its own Hydrogen strategy soon as it won't want to be left behind and that will come soon.

I am a comfortable long term holder and in recent times I did give my position a bit of comfort by selling out entirely at 298p and buying back in at 252p as there was a lot of bad news around in general a month back which lead me to believe we may see some profit takers.

Any newer investors up well over 100% inside 3 months must be tempted to take the money and run in a period of general uncertainty and who not here for the long term but to make a quick buck.

I believe it will bounce back quick but obviously there is a risk of major drops in any good share in uncertain times.

Very doubtful MoneyInMalta when you read articles like those below, especially when you see ITM Power and major investor Linde amongst the company's in the pictorial at the head of this article.

https://www.h2-view.com/story/a-historic-day-for-the-hydrogen-sector-hydrogen-europe-welcomes-eu-hydrogen-strategy/

The flipper got stuck.
Looks like somebody has taken some profit.
You can't blame them at these levels with all the uncertainty still out there.

It's going to cause some temporary set backs at times.

A good buying opportunity for anyone mopping up at the end of the day.