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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.
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/
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.
A long read, but a very positive one.
Should when the market opens the focus is on the 4.0 million revenue and we see a drop , I am ready to top up based upon the future.
Sadly I have a feeling people will read into the future and we will see a 20% rise today, meaning I should have toped up yesterday. The forecast over the next year with a cash lump £ 176 million in the bank tells me all I need to know to buy some more.
The future looks very bright , and that is all that matters.
Me too Doli , have been in Powerhouse since around the 2p mark , I can see this one flying over the next 5 - 10 years, well worth a punt.
I remember buying some ITM at 6p 5 or 6 years ago, so who knows where Powerhouse may end up.
A good read. Maybe why the SP has regained all the losses from yesterday and some ......
https://www.rechargenews.com/energy-transition/green-hydrogen-leads-off-us-energy-earthshots-in-all-hands-on-deck-technology-call/2-1-1021584
That is a car I just keep for its collectable status due to its previous owner and at 21 years old next month it's only covered 65,000 miles in it's life taskmaster , not a daily use car and one that I stick around 1500 miles on per annum when I take it to car meets so the fuel bill has dropped to around £ 45.00 per month now due to the reduction in events and using it once per week to keep it lubricated.
My everyday car is just 900cc, and is very good to the climate.
That will be replaced with a FCEV inside the next decade as they become cheaper and more mainstream which I believe they will.
Sorry , EV's are not for me , I am impatient and can't imagine me having to wait for over an hour ( including queuing time ) to charge up on long journeys
I wouldn't have invested quite heavily in Hydrogen stock the last 6 years taskmaster if I didn't care about the climate . Don't where you got the idea that I don't care from.
Taskmaster ...........I don't have a charging point at home , I would have to go charge somewhere else........... times that by about 99% of homeowners
What percentage of businesses have charging points ? Not many.
After this pandemic , how many people are going to work from home now ?
How many people will still be refuelling en-route ? The majority.
EV's are a much worse solution in my view, I am holding out for a FCEV, much better idea and it takes 3 minutes to refuel and go 400+ miles , why would anyone want to go backwards to having to park up and give the horse a rest ?