Member Info for psmith64

No earlier than last year noggers, was 28th January last year for the half year results.

I certainly think the results could provide a lift.

Just bought a few more at 287p, seems quite undervalued now for the future potential on a global basis.

With ITM Power building the capacity for the potential they will be ahead of the game when the market gets flooded with orders.

February 1st ITM Webinar ..........

https://www.icheme.org/membership/communities/special-interest-groups/clean-energy/events/

And the big one will drop soon and we will all live happily ever after.

This is no fairy story in my view.

Nobody starts to build a new factory before the current one is at full capacity if they have no confidence in the future.

This is a fill your boots time. Took a few more at 318p today , didn't think I would be that lucky again.

Even a small slice of this coming ITM's way would be good , a big slice would be amazing .........

https://www.cnn.com/2022/01/14/business/india-reliance-gujarat-green-energy-investment-intl-hnk/index.html

Makes the the earlier RNS even more interesting.

ITM are certainly in the right market place with its German ties........

https://www.linkedin.com/posts/h2view_germany-to-significantly-boost-renewable-activity-6886685507632300032-OL8X

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

https://www.theguardian.com/business/2022/jan/10/heres-how-to-solve-the-uk-energy-crisis-for-the-long-term-store-more-power

What a great buying opportunity.

I can't get it out of my head that the recent fund raise has no problem in getting away £ 250,000 at 420p a pop.

Nobody starts building a factory 1.5 times bigger than the current one without very good reason.

Yes , I did fill my boots up with some more at 351p this morning.

If anything ITM Power are in a much better position now than when the shares were sitting above 700p, work that one out as to why we are now sitting in 350 - 400p territory , I can't work that one out.

Based on the last trading update and it's ease of raising £ 250 million in recent times I would say 500p is a very realistic price target.

It's quiet in here today considering what a great buying opportunity we have again today.

Another small top up today .

The trading update puts the company in a better position than when people were investing at 700p

Seems rather cheap to me at today's SP.

And this great thing is these new factories will not even dent the cash in the bank.

Factories fully funded , costs associated with growth. fully funded.

Couldn't be in a better position for a company on the cusp of major sales growth in a massive growth market.

Looking at the current cash burn and it's expanding market and it's cash position , ITM are set up well into the future with absolutely no cash concerns.

I see this being a blue day personally.

Yes , just took advantage of today's SP and topped up at 388p , last week topped up at 400p.

Pretty comfortable adding more at these prices , we have had enough info in recent RNS's to give me the confidence the SP will not stay below 500p for much longer.

Nobody announces the starting of a new factory 1.5 bigger than the current one without very good reason , meaning they are confident the current factory will be producing 1 GW inside the next two years.

At today's current £ 800,000 per MW sales value we are in for a serious increase in turnover and maiden profits by 2024 I think was stated in a previous update.

It looks a real bargain at today's SP IMHO.

Still a good hood here , but have to admit the couple of days have taken some profit to buy more in Velocys which I have been a holder in for a while.

Maybe some more holders have done the same as Velocys with their future potential is looking really cheap at the moment.

I also still think ITM is looking cheap for the future ahead especially after reading what Jefferies wrote on the future need for green hydrogen production hence I am keeping hold of my ITM for the long term.

Very feasible , I would say £ 2 - 3 is even feasible off the back of today's news.

The patient wait has been worthwhile with today's news and it can only rise from now.

That price is very conservative and short term.

Nobody gets investment to the sum of £ 250,000 with ease to increase future production five fold.

Work it out ? At even the future cost savings predicted at £ 500,000 per 1MW produced by ITM at full 5GW capacity we are looking at a future multi billion pound company.

When the RNS drops with the first major order the SP will fly.

A great example of this today is Velocys , I woke up wondering what had happened to the bottom line on my pension account when I saw a big increase , then I saw that 40% rise on Velocys due to a future multi billion contract and partnership with a US airline.

We will see the same here, just be patient and you will be rewarded is my view.

It does make you wonder if JCB only ever got involved with ITM to gain insider information for their own ends.

Still as an investor in ITM it doesn't worry me , their partnerships with Linde and SNAM are much more important and with the recent £ 250 million fund raise to increase capacity to 5 GW per annum should tell us all something , we are holding shares in company that will have a multi billion pound turnover to market cap to suit.

Exciting times ahead I believe.

I believe ITM are in the right place at the right time.

There is news from around the world on a regular weekly basis now about new green hydrogen opportunities.

Another one just released from India, fingers crossed ITM might get a chance to tender and secure.........

https://timesofindia.indiatimes.com/auto/news/gail-to-build-indias-largest-green-hydrogen-plant/articleshow/87186085.cms

No superbarnet, the news came for me 7 years ago when I went to an investor day at the ITM factory in Sheffield just after JCB made a large investment.

I got to fill up and drive a Hydrogen car on the day.

When I got home I quickly invested £ 2000 at 14p a share. By far my best investment ever in 34 years of private investment.

I made my investment based upon my thought that Hydrogen cars will one day overtake Electric cars, I still believe that.

It's more than transport now , the future for energy for homes , busineses and industry is going to be made massively more green with green hydrogen.

Today's price in 5 years time will look like a giveaway in my opinion.

DYOR as ever , but I am staying for the long-term here along with a few other Hydrogen based companies.

When you think about it the good news last week about the Shell project , for ITM's part the 100 MW electrolyzer at £ 800,000 per MW is worth £ 80 million in turnover.

Along with other projects we are in for a major turnover increase in the next few years.

That is what is going to get the company attention. Glad to be a holder now.

Big article in The Times today.

The back bone of the tory conference will be investment in wind power to ensure that by 2035 all electric produced will be green.

Just what we need to hear. Hydrogen can then become the battery storage.

Ready to hit the trigger to buy as many will not realise how this will benefit Hydrogen as Hydrogen not mentioned once in the article.