Member Info for psmith64

Well tried to shake some out, but in the end the only way was up.

Now the big question, how far northwards of 300p will we see tomorrow off the back of the EU stimulus news dropping tomorrow in favour of green hydrogen.

Place your bets.

Great gain's for Plug Power ( 21% ), Ceres and Ballard and of course ITM.

Hydrogen is looking very blue today.

Don't fall for the MM's wanting ITM on the cheap this afternoon. They will want some for tomorrow but are going to have to pay now this late in the day.

A take over is my worry of ending the party to SatellitePro , but the jump would be good.

Also agree that Linde has de-risked it in recent times and looking at today's price they got in at a snip less than a year ago, but we would not be where we are today without their buy in back then.

Back nearly 5 years ago I was lucky to be in when JCB took a chunk , which drove me take more back then.

Whatever happens, there is a lot more growth ahead, takeover or no takeover.

One of the best green Hydrogen plays out there and even at today's price there is a lot of profit ahead for new entrants, and I think there will be a flurry of people wanting in after confirmation tomorrow what the EU are planning for the future of green hydrogen, with the UK to give some indication early July.

Not so scary now Andy.

You will be in profit next month or even today at this rate.

Same here Bellers.

Back in with my original holding for the longtern now I got away with my week out of ITM.

My 3000 extra bought yesterday sold out a little early today, but a quick £ 750 overnight tax free profit in the ISA . Enough for my new hedge cutter and the future fuel to run it.

I'm happy.

1) By autumn ITM will have the largest PEM manufacturing capability in the world.
2) ITM Motive has the largest commercial network of Hydrogen refueling stations in the UK and has an ongoing partnership with Shell to roll out more.
3) ITM have two ongoing projects in the UK to put 20% Hydrogen in both closed and open gas grids and has formed the joint venture ITM Linde with one of the largest gas companies in the world with an HQ in Germany.

And the whole world sees the benefit of green hydrogen for a zero carbon future.

I don't really need to say much more apart from fasten the seatbelts and wait for take off as we are just taxing down the runway at the moment.

That market cap prediction is based on the market cap of where Ballard is today

I think long term ITM has a better future than Ballard, but as a long term holder of Ballard it's still has an excellent future of growth ahead and is profitable with fantastic cash reserves.

252p average Troublesome........ started a little too early yesterday.

Happy to be back in at this level for the long term now.

It's not a case of when this gets back to the 365p high, it's when and there is every possibility that will be by the end of July.

Yesterdays window of opportunity was always going to be narrow as today is showing.

2021 is going to be the year where ITM really turns the corner and if it does turnover circa £ 50 million which is more than possible looking at the work in progress and tender pipeline for the year ahead, and make its maiden profits with money in the bank we will see a market cap of £ 3 billion minimum and somewhere in the region of 600p SP.

https://youtu.be/OmBxVfQTuvI

This project includes for hydrogen filling stations in the teeside area as well as hydrogen gas integration into the gas network.

Surely some involment with ITM being so close to home.

A good read anyway.......

https://www.thenorthernecho.co.uk/business/18530271.excitement-hydrogen-gas-trial-set-take-place-teesside/

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

https://www.rechargenews.com/wind/dutch-to-finance-huge-danish-green-hydrogen-plan-via-eu-renewable-power-swap-deal/2-1-830193

EU Hydrogen road map to be published on 24th June with UK green policies due out early July.

A good read below.......

https://www.petroleum-economist.com/articles/low-carbon-energy/energy-transition/2020/pe-live-stars-have-aligned-for-hydrogen-economy

Matt Han**** indicates infrastructure projects will need to accelerate to bounce back the economy.

A little to soon RobinHood, but in a better position than I was a week ago.

It gave me some cash to park in some safe havens and was able to top of on National Grid. Always s good place to park cash in choppy water's and just in time before it goes ex divi early July.

If we see further falls in ITM ahead of the government dropping some info on the Covid-19 stimulus in early July I won't hesitate in adding some more.

Possibly some more profit takers throughout the week, especially the short termers of the last few months.

Both Ballard and Plug holding up well across the Atlantic.

Both a little more established, especially Ballard.

This time next year the trading update for ITM will walk the floor against the one the other week with turnover heading over £ 50 million, coupled with news flow in-between.

Just take advantage of today's profit take ahead of the advance news of the green money thrown at Hydrogen in the post Covid-19 stimulus package.

This will have a far greater effect on the SP than the EU package as the UK package has the might of an 80 strong tory majority and is not subject to 27 member state approval which is no way guaranteed.

Spot on Angus.

No amount of de-ramping a share on a bulletin board is able to affect a share price.

It's just people wanting the security of cash which is understandable in these uncertain times.

300p was always going to be toppy in general choppy trading times especially when new and short term holders of the last few months are sitting on mega profits, profits that you would be happy with over 5 years, let alone 3 months. I was just waiting to happen, and today was that day, and it may not be over yet.

Once the profit takers are flushed out and the price stabilises we will see things head northwards.

Let's see in a couple of weeks what amount of cash the government throw at green energy in the stimulus package. That will have a far better effect on the ITM SP than the EU stimulus.

300p plus possible in July.

Absolutely no panic at all.

It's all text book at the moment, uncertainty means people want to hold cash.

A lot of panic selling here just like a few months back when it dropped to 90p where we had no option but to hold and ride it out as it happened so quick.

At least there was a good weeks warning this time.

It's now a great price to buy in . We all know where it's going in the future and that is all that matters.

Well Goda, I was convinced a week back with all the negative sentiment in general that their would be a lot of people protecting profit and this was a share that I felt could be one of the early sufferers of that.

Long term my view doesn't change. It is a good medium to long term hold.

It may well suffer further profit taking and I would have no hesitation at buying more at these levels. I did just buy more at £ 2.44.

I hold slightly more than I did a week ago, for a lot less, so am happy my gamble has paid off.

So basically that is why I sold and have now bought back and will now be holding for the long term apart from the extra shares I bought today which I will look to sell off on the next rise above 300p which I expect to come in July after Richi Sunak indicates some green spending in the post Covid-19 stimulus package.

As you will see from my previous posts on the run up to selling and last week whilst I was totally out as a holder of 5 years my long term view is very positive and remains so.

Anyone who has continued to hold and has seen a major fall this last week , it is nothing to worry about.

In uncertain times people want the security of cash and even for short term holders the last the few months their is a lot of profit and we are just seeing that being protected today.

Some of these people already know they won't have a job soon so sadly they have had to sell.

It's where having cash waiting now comes into it's own when a share with such a positive outlook now becomes cheap.

There may well be further falls on the cards, but when you see where the SP will be this time next year, today or the rest of the week should we still see profit takers about will be long forgotten about.