Member Info for psmith64

Mercmark, I base my 1500p on what the market cap of Plug Power in the the USA is standing at.

As far as revenues go, Plug is a little ahead of the game , bit over the next 5 years ITM has the potential to not only catch up but overtake Plug.

That may sound simplistic, but you have to start somewhere in having a stab at the future . One thing is for certain in my mind , ITM as a future growth company in the production of green hydrogen will not be going backwards from its current point , just as I thought it wouldn't be 6 years ago when I first invested after doing a bit of research on Hydrogen generally when it was well under the radar.

1500p in my mind is quite conservative for the 5 year period.

Anything is possible in the short term JediJD , but inside the next 5 years today's SP will look very cheap.

I will stick my neck out and way 1500p has to be possible inside the next 5 years at some time with the way green hydrogen is going and the tie ups ITM have with Linde, SNAM and Shell to name but a few.

National Grid are seriously upping the anti to get Hydrogen in the network across the UK, initially 20% , leading to 100% when possible.

That's going to need a lot of Electrolyzers and already ITM are involved with gas to grid projects.

I am not worried about what is happening now , my next review of my long term holding will be in 5 years when I expect to take some more profit out , at at 1500p whatever is the sooner.

In 34 years of being together Seaangler I can count on one hand how many times Mrs Smith had been let loose in the kitchen , like you I am the head chef hence our two children escaped alive to leave the nest.

It's looking like something simple like " Macaroni Cheese " tonight.

Still heading in the right direction today and 600p not out of the question by the time the bell goes on Friday.

I did see your post Seaangler, it caused a slight " chuckle "

Now to decide what gourmet meal to knock up for Mrs Smith this evening.

Thanks to past hydrogen successes I have more time to cook. Looking forward to when I will be cooking on Hydrogen though , produced from an ITM Electrolyzer.

Looks like the sellers have been flushed out now, maybe back to 600p by the end of the week.

Meanwhile ......I'm going to make a " Pork Masala "

Have never been worried about a re-trace when I feel I have done my research correctly.

At some stage in the future when the SP is hanging around 2000p, weeks like this will have been forgotten about.

I'm am already getting excited about ordering a Hydrogen car in five years which strangely Hydrogen shares will be paying for , of that I am 100% certain.

We are singing from the same song sheet Bulbs.

One of the reasons it's always good to have cash in reserve for times like these.

Yes Atko123, people are taking profits in still uncertain timee.

We haven't seen the worst of the effect on the world economy down to Covid-19 as it still unfolds.

In the UK we haven't seen the worst of how Brexit is going to affect our economy.

As of last week some were sitting on 2600% profit here after two years , you would be crazy not to secure some profit in these uncertain times, I did exactly the same back in June last year when I was sitting on 2600% here.

Since then I have been rebuilding a position here out of my profits, but I am certainly not going all in.

I have just taken a tranche at 485p, this is now a 5 year hold in my eyes now, in 2026 today's price will look incredibly cheap is my view.

Nothing has changed in the advancement of Hydrogen since ITM sat at 700p, so take some comfort from that.

Good luck, the future for green hydrogen gets stronger by the week.

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.

Don't blame you Reece , same here.

I am staking that in the medium term we will see a market cap inline with where Plug Power is at the moment which ranges between £ 15 - 20 billion within its swings.

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.