Member Info for psmith64

* gas grid *........not " has grid "

It's always worth keeping your mind on the future of the has grid not only here in the UK, but across the world.

It's not going to be financially viable for homeowners or governments via grants to allow the gas grid to become obsolete as we head towards net zero in 2050.

Retro fitting of heat pumps on existing housing stock is just not viable in terms of cash spend or retro installation, most homes have high temperature radiator installations , heat pumps are optimised to work with low temperature systems such as underfloor heating.

So the worldwide gas networks are going to have to look towards initially gas blending leading to 100% hydrogen. Changing or updating a boiler in the home will be much more effective for homeowners and all governments with grant funding.

This is a good read from the UK's National Grid, and remember ITM are involved with trials in gas blending right now. I think they should have talked about this more in the investor presentation as this is where I see the majority of growth coming for ITM, hence I am excited about committing to being invested for the next 5 - 10 years in various Hydrogen companies.

https://www.nationalgrid.com/uk/gas-transmission/future-of-gas/hydrogen

Like any sensible person have been mopping up a few tranches this morning with the latest one at 412p a share.

The way I look at it it's a fantastic opportunity to buy shared at bargain basement territory again.

My philosophy is maybe a bit of profit taking today , remember there is still a lot of people holding shares here in excess of 1000% profits , some panic sells , and any other reason that people choose to sell.

In recent times since the June update we have seen things go into 500p + territory , nothing has changed since June , if anything the full report was more positive than the update looking forward.

Still over £ 170m in the bank so the company is fully funded for the future growth and has the money for another factory which looks like with the demand for PEM's around the world , another factory is not far off.

What a great day today is for those of us for the next 5 years plus , today's SP will look like a snip in 2026 in my belief.

Totally agree.

Good to read about the future expansion of ITM Motive and the fact that there has been a £ 30 investment in this expansion .........

https://www.linkedin.com/posts/itm-power_engineering-hiring-engineer-activity-6819273563564982272-REsY

That could be a game changer for the EV car market.

I don't think ITM were responsible for this , seems like it was produced by REFHYNE itself.

Good news. Rishi Sunak to announce the issue of £ 15 Billion of green savings bonds to support investment in green energy projects including Hydrogen to meet 2050 net zero targets.

Great news , should help push ITM back over the 500p mark.

It's certainly released the pressure relief valve.

Should ITM gain 5 GW of orders from Chile over the the next 5 years that would amount to circa £ 4 billion of contracts at £ 800,000 per MW plus service contracts on top.

Yes their are no guarantees with Chile , but my belief if regardless of Chile the potential is there to get the factory up to capacity , and that is just one country , and ITM with the GW factory are in a position to hit the ground running here which could swing the contracts from Chile their way.

Anyway, it's been a good few weeks since the trading update regarding the SP.

It's important for ITM to win this initial contract ......

https://www.powerengineeringint.com/hydrogen/chile-launches-open-green-hydrogen-project-call/

Potential to put the factory at full capacity here and the potential for the new GW factory potentially on the horizon.

Looking very cheap at Fridays SP.

Yes Siddo, I have bought and sold in the 500 - 650p range on my day trading side of things.

I entirely cashed out last June at circa 2500 % profit being a long term holder.

Bought most of my second time around long term holding around the 300p - 350p mark, not the same size holding as before as was a bit top heavy with ITM.

I am in for a 5 year stint again now as I believe over that period the SP will head Northwards.

As a footnote to my above post, the trading update has had no material detrimental to the SP, investors are looking ahead into the future and wanting a slide of the action.

All good in my opinion.

Bearing in mind we are still in the middle of a pandemic where the FTSE is still 10% down from its high , over the last year ITM are still 30% over that same year.

Over 5 years that jumps to just over 1800%

Just over 6 years ago I added a tranche at just 6p, that is just over 6000% return.

The above figures with where we stand with green Hydrogen now will all increase over the next 5 years , I firmly believe that.

So much has happened in the last couple of years with ITM to make it a really viable growth company in the Hydrogen economies of the world.

I believe the biggest asset is having a factory that can keep pace with demand that could even make price sensitivity not a big issue.

It's no good being the cheapest if you can't produce the goods on time, think of that for a moment , then sit back and watch what unfolds over the coming years.

Today's SP will seem extremely cheap in 5 years time is my real belife.

Based on today's SP it's very evident after the update and the company webinar , investors are dismissing the current turnover figure and looking at the bigger picture outlined.

The importance of the Linde partnership shone through more than ever today and that is the type of headline any sensible investor will base future investment decisions upon.

I seriously believe in the next 5 years, Bessomer Park will not be the only factory rolling out PEM's for ITM.

ITM are very well placed to take advantage of the growth of Green Hydrogen and we should not be worried about the competition . All the supermarkets sit alongside each other nicely , just one could not handle all the demand , and nor would the competition regulator allow it.

Looking forward to the next five years and still believe we will look back and think what a bargain today's SP is at that time and beyond on the way to 2050

This is the future and we are all in on it..........

https://m.youtube.com/watch?v=97lA75HocBw

Still holding 50% of my original shares when I bought back in after my sell off last year when I look profits to invest in a couple of property projects.

I was a bit too heavy in ITM to be honest having bought in low over six years ago , cashing in also allowed me to diversify my Hydrogen portfolio as well and to be honest the likes of AFC and Powerhouse have outperformed ITM had I have left the cash here.

I am happy to hold my current Hydrogen portfolio for the next 5 years and take a review then.

Have already added a few more in ITM today at 396p , I think that will look cheap in 5 years time.

Half my original holding with ITM Far2L8

Took a lump of profit last year to invest in a property project and spread into a more diverse portfolio as I was top heavy with ITM.

Quite happy with where I am placed for the 5 years ahead both here and with my other Hydrogen and associated investments, and property investments.

Today's RNS paints the best picture ever , far better than when the price stopped above 700p