Member Info for psmith64

It's a possibility. It would further test how tightly held the share is and it might flush out some of the quick profit takers who might get worried at those levels. Only 4 months ago when the first Covid-19 response happened would still be sitting on just over 100% profit.

If it's a way of getting some stability on the all over the place SP at the moment then it will do some good because the way it's gone the last month it's not going to attract many retail long termers.

I certainly wouldn't be a first time buyer at the moment.

Now dreaming of selling all my Tesco off and parking in ITM for a few months at a buy in price of 200p, we can hope troublesome.

That would be fill your boots time.

This last week is showing just how tightly held ITM are. Most who bought on the drop are probably existing holders taking another few million out of circulation just waiting to hear the July 8th news from the EU and UK over green recovery plans.

They are not shaking a lot out of the woodwork on the drops that is for sure.

And they still can't get many to part with ITM.

How low will they try today, or might they work it out the only way is up if they want to fill a decent order.

Well just sneaked another 500 at 247p to have a play with today.

The roller coaster ride has started...... again.

I remember kicking myself about eBay using that philosophy dsc1978.

I should have known better than to look at what a market cap was looking like on a company haemorrhaging cash than looking ahead at its potential especially as I was one of the first people to open an eBay account in the UK and was trading successfully off the USA site a year ahead of them opening eBay UK.

They actually used me in some of their initial UK marketing as they were establishing here.

Still I didn't invest.

I am fully aware that ITM is trading off a market cap a bit ahead of the current worth by some margin, but like many others think that market cap is still looking cheap for the potential over 12 months, let alone 5 years.

The stock market is no better than a sophisticated casino and yes it's all a gamble hence none of us would go all in on one share and spread the risk.

If I lost half what I have made on ITM, yes it would be hurt, but even losing half from the last 5 years with what is left, most investors would be more than happy.

I guess that is what makes me less worried, I am not playing with my own money.

I have lost my own money in the past, and that does hurt much more.

I hear you Tonearm...... but I think the MM's are getting more predictable with it now.

They try and drop it and yes they may shake a few out but the volume speaks volumes, no one is looking frightened on the drops.

Low volumes all week so far, no one is falling for it in a major way.

It's creeping back up as we head towards the bell and I may have secured the charcoal already.

Another 500 just mopped up temporary. Let's see if I can get the meat for the barbecues over the summer free.

Keeps things interesting with a side bet.

They have been trying all afternoon to shake a few out, just parked a bit extra in temporary at 266p as I think we could well see the SP head nearer where it was this morning.

If not tomorrow morning, anyway I am certain on the day trade I will be able to finance all the charcoal for the summer barbecues throughout the summer. I do like a barbecue, and all the better if I haven't had to pay to fuel it .

I can't repeat this enough.......

445,000,000 shares in issue.

Price has been as high as 366p and as low as 90p in the last 4 months.

There has been no em-masse sell off in either direction.

If the MM's want their to be then they are probably going to have to head towards 400p to encourage a major sell off. That will temp many more to sell than dropping the price to 200p because the majority at 200p are still massively in profit, holding a lot of shares and waiting for the day dividends are paid that exceed their original buy in price.

My average buy in was 14p , I expect future dividends 10 years down the line to far exceed that per share......... who knows, maybe 25p per share.

That is why the shares are not that liquid even on the major drops.

Once all the short termers are out and have flown with their short term quite major profits, things will settle back down then be driven by ITM newsflow of which there will be plenty.

No Mucker, especially when you take into account there are 445,000,000 shares in issue.

Even with this weeks variance in price it's an extremely rightly held share, nobody is parting with it so when we get some big hitters wanting in it's going to take a pretty good rise to prise them out of people.

Even at 365p in recent times not many were tempted to sell.

The more you can get at today's price, the dividend has the potential to be a good income generator.

The majority of my shares were gained at an average of 14p, so my future dividend is going to reward me many times over.

The majority holding these shares now got in sub 40p, that is why hardly anyone is parting with them.

A double whammy for the future. Another great example of this is Telecom Plus. The majority of holders there got in sub 10p many years ago, and they at now paying a divi of circa 50p and the SP hovers in the range of 1400 - 1500p but like here suffers generalised news based SP fall's, you could have bought in TEP at sub 1000p a few months back and the long termers just mop up on the cheap.

That is very much the potential with ITM and it is why the majority of holders just think of the long term future.

It is healthy to see a few people appearing to be a little more cautious now. The board had got into a bit of " nothing can go wrong " scenario.

It's going to continue to be bumpy for a while and it will flush out those who cause the volatility over the next few months.

I will be happier when the 300p resistance becomes the norm. I don't intend adding anymore from my new re-entry point of 252p at the moment, but could be tempted in the short term if we get some stability by the end of June because the medium and long term looks pretty good.

Again DYOR on that.

There is still most likely a few profit takers around with the shares not tightly held.

Equally a lot of new holders in recent times will be locked in for a while especially those who bought in at 350p plus.

The SP the last few months has certainly been driven by the wider Hydrogen news out there but as we have seen the last 12 months ITM is capable of it's own good news. There will be plenty more of that.

All that said, if we get to 300p again I could be tempted to pull out again for the short term, possibly miss out on a bit of profit, but be quite comfortable sitting on the sidelines to see the price stabilise.

While we are still in uncertain times in general, the profit takers are still about in abundance and you can't blame anyone for sitting on cash at the moment.

I have no doubt for those who have sat it out for the last five years, the next 5 will be positive and the stress of today's strange market in a pretty strange world will be long forgotten by 2025.

Just my opinion of course and as ever DYOR and spread the risk. There are some great companies in this space at the moment , Ballard and Plug being two that have also seen me alright the last 5 years and now slightly safe bets than ITM based on their current trading situation.

Will be adding more there for sure.

Good luck everyone.

With its head office based in Germany this JV is going to be well placed to take advantage of the EU Hydrogen economy.

A good read on another 11 regional EU funded projects announced this week.

https://www.chemengonline.com/eleven-regional-projects-to-receive-funding-from-e-u-s-fuel-cell-hydrogen-joint-undertaking/?printmode=1

Certainly lots of future built in to the SP , and yes a fair bit of volatility ahead as more profit takers succumb which is understandable when even over three months this has run up profits that some have previously not achieved in 10 years.

But the future will ensure there are buyers out there which is evident from this week.

I didn't expect to be back in this quick and I didn't think it would be at the re-entry point I got.

That move will cushion the volatility a bit.

I will check out your other tip. Sounds interesting

You certainly get the feeling that ITM are well placed for the future and their commitment to invest in their 1GW factory together with their extensive R & D puts them right out in front to take advantage.

A really good read below which reinforces why we are invested for the longtern.

Very tempted to add more this morning.

https://renews.biz/61172/hydrogen-can-meet-50-of-uk-energy-demand-by-2050/

Coming from a construction back ground the article below excites me.

Development's of the future will be easy to make carbon zero with their own hydrogen energy production centre.

It won't be long before ITM are at full capacity with their Sheffield based PEM Electrolyzer manufacturing facility. It will form a part of the UK achieving its zero carbon targets.

https://www.greencarcongress.com/2020/06/20200621-toshiba.html

ITM Motive are well ahead of the game.

A good read from Ford about the their plans for Hydrogen commercial vehicles in the UK which will put pressure on the UK government to move things forward........

https://www.autoexpress.co.uk/electric-cars/352584/hydrogen-fuel-essential-future-hgvs-says-ford-boss

A good read. You get the feeling lots of news is on the horizon.........

https://www.itm-power.com/markets

But looking at that last trading update DSC1978 we all know the potential of the 2020/21 turnover.

Market cap in 12 months will look a bit different to today in a positive way of that I am certain.

It's not for the faint hearted at the moment that is for sure. I think it's volatility the last month would have put some people off in the short term who maybe haven't followed it for a few years and seen the evolution first hand.

I would be more worried if it wasn't for the Linde backing and the Shell link up, that said it still carries a level of risk that would stop some investing at the moment, ie still burning cash.

Let's see if ITM can convert some of the £ 272 million of tender opportunities mentioned in the recent trading update and generate a bit more stability.

When you think there are 445,000,0000 shares in issue the volatility is not making many part with them so any big buyers coming in will have to pay the price to extract them as the shares are pretty tightly held.