Member Info for psmith64

There was always positive in my posts Dsc1978, but it was a good call that people would take profits with all the general negativity out there.

Yes it was a gamble, but one I felt was worth taking.

I would start to worry if Peter Hargreaves or JCB started to sell, but I don't think we are going to see that anytime soon with the long term future ahead for green Hydrogen with the likely production costs falling as companies like ITM and NEL upscale production.

As I said last week, it's a fast changing market in uncertain times and one where a lot can be made if the luck is with you and you are prepared to take a gamble.

It could have gone the other way if ITM dropped some news in the week I was out, but that is all the fun of trading.

Maybe still slightly toppy and as retail investors panic their will be plenty of long termers mopping up a few at these levels.

With the new manufacturing capability when the factory is complete, it's associations with Shell and Linde and don't forget JCB are still major holders for a reason in that they need to be looking at their product to be cleaner in the future.

Take a look at Ballard. Currently turning over circa £ 60 million with a market cap of £ 2.8 billion.

ITM already have that future turnover in the bag and to be honest are a better long term proposition than Ballard with the Shell and Linde link ups.

There is no reason this time next year that ITM won't have a market cap of close to £ 3 billion based on the current Ballard valuation so at today's SP ITM now looks oversold and very good value.

DYOR as ever.

Just kicked in a little earlier.

I didn't believe it would happen today but had a feeling it would before the month end.

I am back in fully invested with some extra at these prices. I wanted to be back in before the stimulus update from Richi Sunak which is rumoured for July 8th also rumoured to be following suite with Europe with green investment.

Happier to be back in at this price, possibly could see things a go a bit lower as people dump shares in general.

FTSE still looks toppy , I believe it will drop past 5500 as the big sell off happens as people take the security of cash.

Totally agree Troublesome.
It was definitely a bit toppy last week when there was the potential of people taking profits which again after the weekend reading of no good news about which has the potential to drag down even good companies.

Some extras just bought at 249p out the cash saved from being out of ITM for a week.

Well happy to be buying in at this price now and will buy on any future dips as now pretty good value.

Can't wait to hear more about the UK stimulus package which will give even more certainty to ITM for the medium and long term.

Over 1,500,000 volume already. That has panicked a few to part with shares today.

Final trance....back fully invested at an average of 262p.

Was hoping to have got back in around 250p which could have been possible but happy with this new position which has banked me just over £ 8000 from being out just over a week.

It would be good to see some director's buying back in to support these levels now which would back up the price at this current level.

I do believe we will see this heading back to 350p in the short term maybe as soon as end of July.

A great re-entry point. Maybe a little more to go on the drop but certainly now better value than a couple of weeks back which did look very toppy.

You will be fine for the long term on 300p so don't panic too much.

Buying back in for the long term now at much better prices than when I completely sold out 30,000 shares at an average of 298p so happy at these re-entry points.

I think you are possibly right it could go lower hence I am buying back in in tranches.

I do believe long term over the next 5 years we will see 1500p.

I wanted to be back in before July 8th when it is mooted the UK will announce some green funding for Hydrogen in the stimulus package.

If I can get back in by an average of 40p less than I sold I will be very happy with that and my gamble would have paid off.

Tranche No 4 259p

Tranche No 3 266p

Second tranche @ 269p

When you see what this news did to Mcphy last week, when ITM announce more roll outs with Shell it's only going to be positive.

ITM Motive will have smaller price effect than potential gas balancing projects in the future with Linde.

https://www.petroleum-economist.com/articles/low-carbon-energy/energy-transition/2020/french-hydrogen-mobility-project-passes-major-milestone

A tentative start to rebuilding my position.

Back in at 273p .

Will keep an eye on the SP and see what happens.

Yes Tonearm,

You missed our the directors sells at £ 2.83 , which not only included the options but in the case of Graham Cooley over 500,000 of his existing holding.

The bell has gone off now. Have a great weekend.

Will keep off here next week.

Static....I never use level 2 .
I am a believer in research . It was thorough research 5 years ago that lead me to making a lot on ITM which included a visit to the factory and test circuit near Rotherham.

Sometimes it's just using your eyes, I made a tidy sum out of Gregg's just by seeing how busy the shops always are, and also made a good bit out of Just Eat in the early days seeing their signs go up everywhere in takeaways.

Read all the Jim Slater books , you will learn a lot from them. Best thing I ever did was read those books many years ago.

Read all the good pages in the weekend paper.

It really is Doing Your Own Research. I take away some of what I read on the boards and if I am comfortable with my own research I will invest if I like what I see.

As I said last Friday, what a difference 24 hours make.

All the positives here haven't changed, I think I have made that pretty clear.

What has changed is a whole raft of data.

You are entitled to ignore what is going on in the wider market as you appear to be and how that could affect ITM.

I am entitled to post a view. It's hardly been wrong here since last Friday has it , so why all the shooting down of me ?

Like I said , it is always how these boards end up and if everyone just keeps pumping out the fluffy bits , it's how the new investors can come a cropper.

I had posted nothing but positive on here up to last Friday, I thought it only right to publish my updated more cautious view.

It's how I got some friends on the Telecom Plus board because I posted some valid caution. It's all I have done here.

What is wrong with that? That is what these boards are for isn't it , expressing views ?

No wonder in time all these boards end up with is loved up investors only wanting to hear one thing.

There is so much uncertainty in the market at the moment even the good shares get pulled down.

Potentially heading sub 270p by end of play today looking at today's lack of volume.

The bad economic reading over the weekend will probably start the real sell off in the market next week, and ITM potentially seeing 250p during next week. I have limit order placed at 250p for a partial re-entry.

Just my thoughts for the week ahead, and if that all comes off I will be happy. Starting to rebuild circa 50p a share better off from when I sold a week ago.

Feeling optimistic about that the way things have gone this week.

So easy to predict how these boards end up when someone starts to add a bit of balance.

Oh crikey Waylow......I have been there before having to exchange email addresses to prove my holdings, when bought, when sold.

My email address is psinvestments@talktalk.net if you require the proof.

I am always able to back up anything I post.

I never tell lies when it comes to my investments