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Of Hydrogen under the news heading .
Then just sit back and calm down. Hydrogen is going to be the biggest thing since Oil and to be perfectly honest anyone buying in now will look back in 10 years and think they bought in today at ground level.
Just remember that Covid-19 uncertainty is weighing on the minds of many, the economic hit is not over by a long stretch and some will feel the need to protect profits.
As far as cash reserves go , some people are running on empty and just require the comfort of cash for paper profits mean absolutely nothing especially when you might just need some comfort.
I remain a realist and with regards to the vaccine for Covid-19 we are still a few years off knowing if the vaccine will be the golden bullet, I am airing on the side of caution, there is nothing wrong with holding a bit of cash in uncertain times and I believe that is why we are seeing these drops of late , nothing more.
Looking at relatively low volumes yesterday and today so far I am suspecting their is a large seller in the market trying to offload a good wedge.
You can't really blame anyone for that especially if they have held for 2 years and are now sitting on 2600% profit.
When this sell order is filled I would suspect a rapid rise above 600p.
Nothing has really changed since last week regarding the future of ITM is the way I look at it so see the current situation as an excellent buying opportunity.
Now into real bargain territory , couldn't resist 530p , may not be the bottom, but well worth the punt to add to the long term holding.
Anticipating good newsflow over the coming 12 months especially from the Linde and SNAM tie ups , along with more from ITM Motive I suspect.
Some people are sitting on profits the last 12 months of 267% and the last 2 years of 2600% , that is going to be very tempting for some to sell off and take some profit.
Those are fantastic gains that many will never see again and maybe seeing for the first time in their time as a private investor.
We are still in very uncertain times regarding Covid-19, even Johnson seems to have woken up and does not want to take any chances, we are in for more of a generalised economic hit on this and the longer things go on with the government bail out in its various forms the longer the recovery is going to be .
So some volatile movements in SP should not come as a surprise.
See these dips as good buying opportunities for a day trade or to add to long term holdings.
Hydrogen is going to be a major player in achieving net zero carbon and helping the world out of a major recession of that there is no doubt in my mind.
Doesn't look like a bubble to me.
A good read ........
https://hydrogencouncil.com/en/hydrogen-deployment-accelerating-with-more-than-300-billion-in-project-pipeline/
A good upbeat trading update from Ceres today as well Tonearm , yet down in early trading.
I think Covid-19 uncertainty and it's drain on the economy is still keeping a cap on things and making people cautious and rightly so when there is easy profit to capitalise in most of the Hydrogen shares.
Possibly some tooing and throwing of SP's over the coming months as we have seen in the past.
I won't be selling off my long term holdings as I believe the future for all good Hydrogen companies over the next five years is bright, however I will be using to my cash to take advantage of the volatility for some day trading.
ITM starting to head back in the right direction from today's early lows already and could well see it back to the opening price in the afternoon trading.
For a little day trade .
Lit blue touch paper at 608p, now sitting back drinking coffee and generally chilling out for the day , will check back later and look to close out above 5%, maybe today , maybe tomorrow .
Have a good day everyone.
Yes SatellitePro.....4.6% infact. Full make up contained in the post below .........
https://www.etfstrategy.com/lgim-launches-hydrogen-economy-etf-lg-hydrogen-economy-ucits-etf-htwo-htmw-lse-xetra-six-swiss-borsa-italiana-38484/
Always important to keep an eye on what is going on within the industry.
Although the competition moving forward is going to be great from the majors such as Siemens below , ITM have made great choices in partnering with the likes of Shell, Linde and Snam and have a GW factory to enable them to compete.
Smaller companies also have lower overheads which will help ITM compete.
I see the below article as a positive , if the likes of Siemens are investing in PEM Electrolyzers , that is good enough for me to realise ITM are in the right place for the future.
https://www.h2-view.com/story/the-time-to-scale-up-is-now-air-liquide-siemens-energy-aiming-to-mass-manufacture-electrolysers-in-europe/
This is a shocking read in relation to fossil fuels.
This report highlights why investing in Hydrogen now is the right thing to do ...........
https://www.theguardian.com/environment/2021/feb/09/fossil-fuels-pollution-deaths-research
One day worldwide gas pipelines will end up piping Hydrogen . A massive growth phase ahead over the next decade ahead for the players in Hydrogen production equipment to meet the global demand.
You can see that second factory happening pretty quick for ITM......
https://www.worldoil.com/news/2021/1/29/pipeline-owners-look-to-hydrogen-as-natural-gas-comes-under-attack
Picked up on a few good news articles on Hydrogen in general over the weekend and a good start to Monday morning across many Hydrogen shares.
A good week ahead I think. Still good top up territory here whilst things remain sub 600p, I don't think it will hang around these levels for long.
Compared to just 12 months ago, Hydrogen is well and truly poking it's head above the parapet now.
I would say anyone wanting to dip their toe in here now is as good a time as any JoeKenny.
After listening to yesterday's presentation I think we will get drip fed some positive RNS's over the course of the year.
I still think give it a couple of years and we will see the market cap equal or surpass Plug Power which is currently hanging around the £ 15 - 19 billion region.
Of ITM as they suggested yesterday hit break even around 2024 with another factory under its belt with a full order book then you are looking at a £ 30 million market cap.
I don't think Bank Of America upped their buy rating out of thin air with a target of 800p, very possible this year with no funding issues for the foreseeable with £ 187 million in the bank.
I was going to day trade my latest buys from yesterday , but will review in a few weeks now.
Good luck if you buy.
BigBadBob79.......first saw Dr GC on an investor open day six years ago and made most of investments the year after that between 6p to 20p, not a massive amount value wise back then as it was a bit of a punt, but it allowed me to buy a lot shares.
At the time the investment in ITM and a couple of other Hydrogen shares, Ballard & Plug formed less than 5% of my portfolio, wind forward 6 years to summer 2020 those three companies had grown so much they had grown to 65% or my portfolio.
I decided to take some profit then, 2500% up on ITM alone back then, and spread the risk among 9 more related Hydrogen companies, I am still top heavy in the Hydrogen sector , but it's off the back of profits , and I fully believe in where Hydrogen is heading over the next decade and beyond and I believe ITM will be a key player worldwide.
Try and take a look at the National Grid's investor webinar on its future with Hydrogen and you will see why I feel confident the current SP is about right with plenty of growth ahead when you look at the current market cap of say Plug Power in the USA .
Below of my current portfolio of associate Hydrogen companies , well worth taking a look at them all if you are not familiar with them.......
ITM ( UK )
POWERHOUSE ( UK )
AFC Energy ( UK )
McPHY Energy ( FRANCE )
NEL ( NORWAY )
PLUG ( USA )
BALLARD ( CANADA )
CERES POWER HOLDINGS ( UK )
HEXAGON COMPOSITES ( NORWAY )
VELOCYS ( UK )
CUMMINS INC
JOHNSON MATTHEY ( UK )
HYUNDAI ( JAPAN)
NIKOLA ( USA )
They give a good balance across Green Hydrogen components , production, fuel distribution and end use products such as vehicles ( Hyundai & Nikola )
I would definitely include Johnson Matthey , Cummins and Hyundai in the long term mix as all well established companies that are income producing by dividend and a good balance between the rest weighted towards ITM, PLUG, BALLARD and NEL as they have good global reach already.
DYOR as ever , and good luck.
ITM is the best share I have ever invested in in my 33 years as a private investor to date , and I think it has a lot more mileage yet.
A great webinar.
Cash neutral projected by 2024 which is fantastic during a high growth phase.
Also interesting to learn about the fueling contract with National Express which will be subject to a future RNS, I think we will get many RNS's about ITM Motive.
All in all very upbeat and I thought Graham Cooley did a great job about selling the future of ITM to current and new investors. I especially liked the indication that the finance was in place to build the next factory when the current one reaches 60% capacity.
I can see why the Bank Of America has a price of 800p in its latest update , I think that is conservative .
Prediction for year end ........1500p IMHO
All the jittery PI's have been shaken out the tree now.
Could actually see the SP end up above where it started once the great info of the RNS has been fully digested.
With all the cash in the bank, ITM are pretty much fully funded for the foreseeable future as new factory production ramps up.
At this stage the National Grid seminar the other day on the future of Hydrogen in the gas grid's across the world is far more important to digest than the news about Scania yesterday.
Agree Tonearm. It's the gut feeling of following and being invested for 6 years that will win the day for the long term investors.
I keep looking at Plug who I have been invested in for the same length of time and in my mind I think ITM are about two years behind them , but have the potential to overtake them in the coming years with partners such Shell, Linde and Snam in the bag, and potentially more over the years.
With Plug's current market cap ranging between £ 15 - 19 billion, I would say today marks a fill your boots time kind of moment because that is the sort of market cap we have to look forward to in the not too distant further .....2 - 5 year range, that will do me as an exit point to enjoy retirement.