Member Info for psmith64

Absolutely Loadadough, today's price will look extremely cheap in 5 years time when everybody knows about Hydrogen.

It's amazingly still under the radar of many investors , but they are waking up this last couple of weeks when it's so evident how oil and gas rules the world at the moment and is adding misery to people's budgets as home energy and fuel for cars rockets after part of the world being destabilised by war with a country that has a lot of control of prices of these fossil fuels.

Every nation has the chance to have its own energy security with hydrogen , another benefit besides it's green credentials when made via electrolyzers

It's not bad as a long term hold either , I got most of mine at 14p to 25p 6 years ago , but yes since the start of the pandemic there has been great day trading opportunities for the spare cash of long term holders.

Best of both with ITM. Today's price will look extremely cheap in 3 - 5 years in my opinion.

Wow, managed to buy some at 301p this morning.

Incredibly good value again.

I know a few others here couldn't resist buying more when we were hovering around the 215p price point last week.

I went all in with my available cash I had held back from my first profit take a couple of years ago in my ISAs , end result , cashed out those new short term holdings at 335p today , that's the holidays paid for for the next few years.

Have always had faith in ITM since I first bought in six years ago and have every faith the funds I keep in my SIPP will see me alright over the next 10 years, never been so certain of an investment in my life.

People moan on here about lack of news but let the commencement of the new 1.5 GW factory before the 1 GW is up to capacity and the planned on of 2.5 GW oversees tell you all you need to know for the moment.

No company gets inward investment for this to happen for no good reason.

Sit back an enjoy the ride and with the price having its volatile moments as we have seen at the begining of the pandemic and now at the beginning of this war , make a bit of short term cash off the back of the panic sellers, where else could I have got 50% profit in the last week , certainly not from cash sitting in an ISA

They are toast

My main driver at the time six years ago for investing in ITM was because I firmly believed in the future that Hydrogen cars made far more sense than electric cars.

I still do and still believe that Hydrogen cars will come up on the rails in the next five years and give electric cars a good run for the money. ........

https://www.brinknews.com/the-battle-over-electric-vehicles-could-hydrogen-win/

Yes Cureboy, that's what I thought when I first invested in ITM six years ago. My best investment return in 35 years of private investment , the best is yet to come over the next five years.

Was thinking the same when I see what today's buys have made for me .........a bit more than any bank could do in the space of a few hours.

This was just too tempting today with the SP hanging around 215p again.

Decision made , gone all in with spare cash.

Uncertainty does cause a great investment opportunity as investors panic sell , it happened at the start of the pandemic here at ITM if you remember when the price dropped below 100p after sitting around 172p.

No reason not to see 500p in the next couple of years , if not sooner in my feeling having been in from as low as 6p in the past.

Good luck everyone , expect some bumps along the way if this Russian episode extends over the coming months, now is the time to hold the nerve.

Today we see a world war is possible thanks to Putin.

Energy security should and probably will be the main priority of governments across the world.

Fortunately for us many governments around the world have already seen Hydrogen as a way forward for that and also it's 2050 net zero priorities.

Sensible money would be going into Hydrongen companies at the moment and I believe we will see that more than ever now.

Holding up well under the circumstances , another tranche added today at 225p.

Straight in at the opening bell and hit the trigger with a tranche at 215p

This is real bargain basement territory today if you have some spare cash, that's my belief as a long term holder who has seen these massive swings before.

Since the price was above 700p in the not too distant past , this company is in a much better position than then.

You have to take advantage in these times , they don't come along that often in investment.

The single most important thing to keep in mind is that in 2023 after the conclusion of the successful trials that ITM has been involved with via HyDeploy in mixing 20% Hydrogen in both private and public gas networks is that all 5 UK gas grid suppliers are looking to launch mixing 20% Hydrogen in the public gas grids.

No wonder ITM are getting ahead of the game and building that new factory.

This time next year ITM will be unrecognisable and today's price will look extremely cheap , hold in there.

The single most important thing to keep in mind is that in 2023 after the conclusion of the successful trials that ITM has been involved with via HyDeploy in mixing 20% Hydrogen in both private and public gas networks is that all 5 UK gas grid suppliers are looking to launch 20% Hydrogen in the public gas grids.

No wonder ITM are getting ahead of the game and building that new factory.

This time next year ITM will be unrecognisable and today's price will look extremely cheap , hold in there.

Was pleased to see my question asked yesterday regarding the 5 UK gas grid companies looking to add 20% hydrogen into their grids commencing in 2023.

This will probably be one of the most significant income generators for ITM moving forward being that they have been fully involved with the successful trials , hence they are keen to get to 2.5 GW manufacturing capacity in that UK asap, that would generate £ 400 million of income based on figures disclosed yesterday.

Just this order alone will blow the trading figures for the year ahead out of the water compared to the last financial year.

And we are just in the first month of the year so expect much more news like this looking at the order book and pipeline.

With the SP where it is now , a great time to add more or invest for the first time.

https://www.lse.co.uk/rns/ITM/24-mw-sale-to-yara-64mlu79h3cg67al.html

As I write, just 4,000,000 volume , no mass exodus, and rightly so.

No justification for today's drop, or any other day, results truly reflect last year's update when the SP was 400+

The article below is a great read and ITM are well placed to take advantage with the future manufacturing capacity being put in place together with over £ 300 million in the bank to finance the growth.

https://www.ft.com/content/f63f7f5f-a946-4595-95cd-a4ad056184b9

Having read the report , I would rather be in than out.

Fantastic investor confidence which has lead to a cash reserve of over £ 300 million.

The partnership with Linde will come into its own with the massive foot it gives ITM into the German market , this will almost be certain to be the location of the 3rd 2.5 GW factory off the back of the German governments commitment to green hydrogen.

Should push things back over 300p and well on the way back to 400p + when you look at the near term future increase in sales blowing all other years out of the water.

Has to be good news for Hydrogen .......= less dependency on Russia, and we know Germany has a major push on Hydrogen investing billions and ITM has a great foot in the door with Germany.

That 500+ SP may just be a bit quicker than you think.

Spot on Cleanerworld.

The below article slipped through many people's radar just the other week, it's why I have had no problem piling in and I suspect partly why ITM are building another factory to meet demand here in the UK...........

https://www.energynetworks.org/newsroom/britains-gas-grid-ready-to-deliver-hydrogen-across-the-country-from-2023-energy-networks-announce