Member Info for psmith64

I suppose taskmaster my logical head says looked what happened when they started turning water into wine, the rest is history as they say.

Water into fuel with no carbon in its production or end use with a world aiming to be zet carbon zero by 2050, with no doubt hefty carbon taxes on the horizon, and ITM being a world leader has to be worth a punt.

It was a hell of a risk back 4 1/2 years ago when I chucked £ 5 K in, but after visiting them on a shareholder day, getting to drive a Hydrogen car, and JCB at that time taking a major interest, it was in my mind worth a punt.

Since then I have added more on the way as good news started to de-risk it.

Last years fund raising was the real game changer though.

If it drops back to 200p, I might take some profit, other than that my next major review will be in 5 years time.

Considering the amount of profit new investors are sitting on that joined the party in the last year, or even six months, and then you have long termers like me sitting on 1000% + not willing to part with my core holding, this is now a tightly held share.

With the market cap now sitting close to £ 1.5 billion in a market that seems to heading towards a new dawn in the energy sector, and a company that is a leader in its field, its surely going to attract some institutional investment wanting a slice of the action.

The SP seems to be meeting strong resistance around the 260p mark.

I am happy with that. Does anyone have any other thoughts.

The SP poked it's head above 300p in recent days so the next few weeks are going to be quite interesting and maybe volotile between 260p to 300p so attracting some good day trade potential, but I am not even sure I want to chance that as with potential newsflow this could just fly north in an instant.

Another major company announces its aim for net zero carbon.

ITM are nicely positioned to take advantage.

https://www.thetimes.co.uk/article/were-going-green-says-bp-boss-bernard-looney-zr03f0d57

Nice to be in bed with Linde.......

https://www.google.com/search?q=linde+market+cap&oq=Linde+market+&aqs=chrome.1.69i57j0l3.7324j1j7&client=ms-android-huawei-rev1&sourceid=chrome-mobile&ie=UTF-8

In the not to distant future........

20% of the national gas network to be be supplied with Hydrogen to help decarbonise the network.

ITM Power sitting there with backing from Linde, one of the largest USA gas company's and the world's largest PEM Electrolyzer factories.

Now check out the UK's gas consumption below....

https://www.ceicdata.com/en/indicator/united-kingdom/natural-gas-consumption

Now look at todays valuation of ITM.

Now think how cheap it looks.

Good luck all long term holders.

Looking at the volumes the last hour they can't shake many out of the tree by dropping the price so think the only the way is up.

Will be interesting seeing after digestion of the 1.83 Trillion Euro EU Coronavirus rescue plan from institution's, and how ITM will benefit from the green Hydrogen investment part of it, just how soon this now hits 500p

Certainly possible this year IMHO

Totally agree. This is not only a strong buy but also one to still add.

At today's price, it will have looked extremely cheap in 6 months, 12 months and a snip in 5 years.

With ITM Power being world leaders in electrolyzers, a good cash reserve in the bank, and the largest electrolyzer production factory in the world, you can see why the price has rocketed. Who wouldn't want to be in after reading the below......

https://renewablesnow.com/news/eus-green-deal-recovery-package-to-push-clean-hydrogen-renewables-tenders-699847/

Yes. It's a long term hold now.

Hydrogen is the answer to keep the air clean post Covid-19 and ITM happen to be sitting on the largest Electolyser factory in the world.

1500p target price in 2025, and even that could be conservative.

Its a long term hold. Those who have kept their nerve the last few years are the winners now.

I don't ever see this going below 250p on the downside.

I will continue to day trade with a small amount of my holding as I have the last few months, but my core holding of the last 4 1/2 years is going nowhere now this share is pretty much de-risked

Currently a holder of both of these for a while now.

Along with ITM, part of my long term holdings.

The best is yet to come over the next 5 years IMHO

I am a long term holder of 27000 shares but have been day trading actively for the last 3 months now with great success.

Have sold 50% of my holding just now at and fully expect to be buying them all back later in the day or tomorrow for less.

It is a good day trade at the moment that is for sure, but the real money will come in 5 years time is my belief.

Yes grabbed a few more at 222p, it is resisting 220p easily now.

Could well end the day over 240p again

Have a core holding that ai have held for 4 1/2 years now but have been regularly day trading a tranche of 5000 shares now often making 5% per day.

I think the price will stabilise a bit soon. Can't see sub 200p now anytime soon.

Anyone thinking the same as me that an institution has been taking a position the last few days?

Be good to get an RNS of a major new holding now. With £ 1 billion market cap now, it must be on a few radars now.

The fact ITM has pushed over the £1 billion valuation and with its potential is going to attract institutional investment and they are going to have to pay.

It would be daft to sell now so I can actually see more shares being issued to satisfy demand which will give the company a cash boost without devaluing through a rights issue.

3m + volume per day is pretty incredible, its now a very liquid share

Yes, my mistake, I meant 1500p by 2025

The big party is yet to come.

Surely there will be some major institutional buys now a lot of the risk has gone and it is effectively heading for the FTSE 250.

We could easily see 500p in the next 12 months. I hear the trials of mixing 20% Hydrogen into the small network is going well.

Surely a good potential for this to get rolled out nationwide.

As soon as people see ITM Power Hydrogen pumps appearing on Shell forecourts this will make people investigate Hydrogen cars a little more and they will see its a better proposition than electric cars, which it is.

I have been in this one for 4 1/2 years and have added more this week above 200p. I think the days are slipping away where you will be able to buy in below 200p now. It's liquidity on the market has grown vastly.

Good luck everyone. 1500p quite possible by year 2020 then I might take the money and run.

I visited the factory nearly five years ago, got to meet Dr Graham Cooley, went up to Rotherham and filled up a Hydrogen car and had a drive.

As long term private investor my philosophy has always been to go and visit these companies, and do your own research.

I have never looked back on the visit. At the time of the visit I held 15500 shares at an average of 0.14p a share. I have day traded on a regular basis as the share does seem to have good fluctuations to make some daily cash.

I haven't really added many more shares over the years as I saw it as risky hence I only bought around £ 2 K worth.

With todays announcement and the cash injection last year I think the major risk is now gone.

This company has so many facets to it now.

I have no hesitation adding some more to my portfolio at todays price. I still think its a bargain with where it could end up now.

I am going to stick my neck out and say over the next 5 years we could see this hit 1500p.

As ever do your own research, I have done much research on Hydrogen over the years and the future is pretty bright for any half decent company with a long term track record.