The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Jeff, ITM might be in the business of making electrolysers but nobody is buying theirs. Only one or two pilot projects. If ITM is to be profitable in 1.5- 2 years then the stock price would reflect that. The SP isn't budging because so far ITM is not selling. And no confirmed pipeline of sales either. Just slowing chipping away at their cash reserves that largely came from their previous fund raise back at £4.
Bilboburgler, nailed it.
Well done, now sell them Dennis. A lot of them!
Constructivenews on the money. Tweets from Dennis mean nothing, RNS confirming big paid contracts. That is all that matters. Nothing to celebrate till that happens. Jeff is on LSD dreaming and the trip keeps on going.
From what I can see, ITM simply have a stand at the event. They are not providing any guest speakers or taking the spotlight in any way. Just another company amongst all the rest. So I would not get too excited by this.
Hence why Helikon is maintaining their short position. No contracts being confirmed. Only industry suppression.
Yes, sadly back to the 40's we go.
Contracts are what I want to see. Signed, sealed and delivered. Not the least bit interested in a font change of the company logo .
Constructivenews, once again if AFC's tech is so amazing, why is that not reflected in the stock price? You keep ranting about their cracker technology but it appears that there are only cracks in your theory that somehow ITM are in trouble.
I'm very intrigued by what Helikon considers convincing evidence for shorting ITM, given all the heavy government investment in the industry.
Yes just look at the AFC share price, that tells me how amazing their technology is. (Not)
Linde is on the list of companies for this project. It's massive!
Several projects are expected to be implemented in the near future, with various large-scale electrolysers expected to be operational between 2026 and 2028, and pipelines between 2027 and 2029 depending on the geographic area. The overall completion of projects is planned for 2029, with timelines varying depending on projects and companies.
https://ec.europa.eu/commission/presscorner/detail/en/ip_24_789
All 33 projects included in the IPCEI are highly ambitious, as they aim at developing infrastructure that go beyond what the market currently offers. They will lay the first building blocks for an integrated and open hydrogen network, accessible on non-discriminatory terms, and enable the market ramp-up of renewable hydrogen supply in Europe. This will allow for the decarbonisation of economic sectors that depend on hydrogen to reduce their carbon emissions.
If this is connected to their recent twitter announcement, then there could be some solid news coming in soon.
And it pushed inflation and interest rates through the roof, making lending to fund those industries very challenging. If the case for alternative energy sources being in greater demand since the war in Ukraine were true, we would be very wealthy now, and ITM stock prices wouldn't have tanked by 90%. The global economy must recover first; then we can be wealthy :)
Cureboy they sure as hell did not know that after that placing took place, a war would break out in Ukraine and wreck global markets, after a massive covid hangover.
Helikon Investments know something, that is the safest assumption to make here. They know the shorting game. ITM, despite their recent positive investor presentation and vague "multi-hundred megawatt" twitter announcement, cannot get their stock price up. Perhaps Helikon know why and the reason gives them confidence to keep shorting the stock even at these low levels. No news on Shell Refyhne 2 for ITM's role either, in fact there is a black void when you try to find answers on Refyhne 2 as a whole. Project start dates, budgets etc. Perhaps bad news coming?
AFC's lack of RNS updates has their investors going full 'Lord of the Flies' on this feed. We're talking conch shell power struggles, face paint made from crushed stock prices, and heated debates over whether to invest in coconuts or fire-starting supplies. Savages I tell you.
No more info at all? No names, figures or dates? Pointless and highly unprofessional. Not what I expected from Dennis. Hopefully he makes up for it by dropping a bomb of a deal on the table very soon!
This was placed four days ago so unlikely that it had much to do with todays drop.
MikeC365, that must have hurt! But if you got back in at a low price, then you have a second chance. My play here is to hold, as hydrogen is a fuel of choice for the future. ITM is well-placed to be a leading player in the field. My main concern is competing with China, as they could are manufacturing electrolysers much cheaper. ITM seems to be very strategic in keeping their cards close to the chest about their technology and pricing strategies, so I hope this will be enough to steer investors away from cheaper Chinese alternatives. Then, once the global economy stabilises and interest rates are cut, we should see some great recovery here with some ITM orders being placed.