Member Info for RickSanchez

Markzipps, the post you read is not directly linked to the title. However, I do believe that a takeover cannot be entirely ruled out. While it may not be likely, it definitely cannot be dismissed. Cash in the bank is not barrier for this to happen. AIM markets are notorious for such events. It's baffling to me why some investors place so much trust in directors they've never met. It's business, dog eat dog, they do not give a sh--t about small-fry investors, only their own success.

When a company like ITM experiences a year-over-year decline in its stock price, especially the recent erratic behaviour despite positive fundamentals, it raises concerns. This pattern can precede a takeover. Until the situation improves, I won't dismiss the possibility of a takeover.

As with Velocys, I am well aware of their finances at the time, the point is that they misled shareholders with false optimism before blindsiding them with a sudden takeover announcement. Reading through the board then, the mood of that board was that so many investors where shocked and had been deceived. My intention isn't to spread fear, if you are smart enough you should not fall for tactics like that, but it's wise to remain cautious. Until ITM's stock price starts to rise, it's prudent not to rule out the possibility of adverse outcomes. Hope is for fools. As a side note, I want to be proved wrong here! Hoping for the day when I get an "I told you so" with a few more curse words thrown in. I will be the first so hold my hands up. Until then there are a ton of other places to invest without the mountain of risk that ITM has on offer.

I stand by everything I say here; take it how you want to. How you invest your money is ultimately your choice. This board is here to allow both points of view, good and bad. Yes, there is a lot to be optimistic about regarding the future green hydrogen economy; however, ITM's relentless decline in shareholder value over the years leaves a lot of cause for scrutiny. Look at what happened today, this week, this year, the last 5 years. When poor stock performance like this hits the fan, damn right there will be people asking questions. Until ITM starts signing contracts, disclosing their revenue and starts making a profit, there will be people on this board like me stating that fact. I don't care how bright their future may seem in the articles you read or the sh-t that politicians spout out , all ITM has is a factory full of equipment, product and staff burning through their cash pile that they raised from investors at 400p over three years ago. Fact.

Directors will still be able to keep their existing shares if that company goes private so that could explain the recent insider purchases.

Now, not to fear-monger, but we cannot rule out the possibility of a price fall as a precursor to a low-price, opportunistic private takeover. I have seen this happen before, with Velocys being a good example. There was a lot of news about how well-positioned they were for the SAF market, and then, out of the blue, they sold off and went private. The price movement before that event was very similar to what we're seeing now. Shareholders have no protection if this happens. When it comes to AIM, these risks are significantly increased.

I must correct that, 100 MW capacity and ITM providing the other 200MW. Hold my hands up, feel free to take shots.

Jeff, I am well aware of the sector dynamics that you have mentioned. I'm glad you mentioned those, as that adds to the host of reasons why I will not invest further into ITM or any other green energy company, not until these uncertainties are out of the way. As for transparency, yes, they have disclosed the price of one of their (lowest value) products. This has very little impact in all honesty. They do not confirm final or projected revenue figures in their RNS. Why not? The amount you have given of future revenue projections from the 100MW project of 50-80 million, where do you get this figure from?

As for so people talking about investors only thinking short-term, I started investing in ITM mid-2020, and with all the progress that has happened till today, look at where the company is valued. So playing the "be patient" card is simply a load of horse sh..t. Also remember the 230 million cash in the bank was as of August, with an average projected cash burn of 5 to 6 million per month that cash on hand amount will be closer to the 210 million mark by now.

The current UK government may say they are committed to being world leaders in green energy, yet they have set forward 10 times the amount of funding to support oil and gas companies to continue their operations using carbon capture. Does that sound like a commitment to green energy? Absolutely not.

Jeff, my personal position is to hold, but by no chance in hell buy any more. It's very clear that I'm not telling anyone to sell. How can you not see that, despite all you say, the company is trading at 5-year lows? It doesn't make sense to put more money in at this stage if all the good news you keep mentioning isn't enough to elevate the shareholder value but actually allows it to keep deteriorating. From the few deals that ITM have done, we have no idea what those contracts are worth as it's not disclosed in any RNS. The only facts on the table regarding the company's financial situation are what was disclosed in their last update, which I've already mentioned as decreased revenue and increased operating loss. Until those facts change, I don't care for speculation into the future, holding thumbs, and hoping for the best. That's not a sound investment strategy.

Well Dicks61 I actually said to HOLD but for you please buy as much as you can afford, actually put all your savings into it, why not, they are a guaranteed profit!

As it stands, with the most up-to-date state of affairs surrounding ITM as a company, their stock price has exceeded 5-year lows. This could not be a bigger red flag to stop buying more of this company's stock. Be sensible guys.

You proved my point exactly, you are expecting targets to be exceeded/raised in the coming weeks. Yet every event so far director buys/latest electrolyser sale/ green hydrogen sector investment / alleged 500MW project, has all done absolutely nothing to the value of the company, nothing but share sell-offs, brokers lowering their ratings and shorts increasing their positions. Filter all you want, but how blindingly obvious must it be before someone realises that ITM are yet to establish themselves in a highly competitive market and the market so far agrees with this fact. Also the SP did not ever reach the 80 range this year, it is however down almost 34%, despite all the wonderful news. Hold this stock if you want but stop ramping it until they actually do these deals we are waiting for. Does anybody know how much ITM will earn from the 100MW REFHYNE 2 deal? No mention of that either.

I am aware of the progress since the last update, however, that update has not been revised, so for now, it still stands. Since the update, the market capitalization of ITM has continued to decline, and despite developments in the green hydrogen sector, we are touching 5-year lows. As I said before, if a large 500 MW project had been awarded to ITM, shorts would not have been increased, and broker ratings would not have been lowered, as deals like this always leak out to those in the know. ITM has recently done a deal for one small 5-million-euro electrolyzer, and this has had no effect on the value of the company. The UK has pumped 22 billion pounds into carbon capture to support oil and gas, yet only 10% of that amount to support green energy solutions. My point here is to be realistic about the deals ITM is actually signing and to set that aside from the constant speculation. The hydrogen electrolysis market is very competitive, and ITM has yet to prove themselves by signing bigger deals and capturing the market up for grabs. Until then, stop guessing outcomes that one would like to be true.

If you really believe that ITM is going to be involved with this project, then why is its stock price continuing its fall, and why have short sellers increased their positions? Most of all, why has CEO Dennis Schulz and his team forecast lower revenue next year, 11 to 15 million less than expected? Also, an operating loss 2-7 million more than expected. Does that really sound like ITM has landed a guaranteed 500 MW contract? All they currently have reported is a capacity reservation; this is far from a FID done deal. There are many electrolyzer competitors, so as much as we all want ITM to have been selected for the Kintore development, it is better to temper expectations and deal with the facts that so far point the other way. Trump has also been clear on his energy policies and let's not forget how excited ITM was about the inflation reduction act, that will now be dead in the water and US energy policies still have big knock-on effects in Europe.

All just pure speculation. Nothing set in stone, no evidence to prove ITM will be the electrolyzer provider. It is a nice thought though but that is all it is. At this stage if they were actually the chosen provider for this project then it is highly unlikely that it could be kept a secret, and so the SP will be far higher and shorts will start closing, not increasing. Oil and gas reign supreme for now, sadly.

So far there is no indication that the coming budget announcement will be positive for green energy. Only a hefty sum put forward to enhance fossil fuels and blue hydrogen. What chance does a small fish like AFC have after nearly 5 years of stock price declines. It's an aim stock, by definition very high risk and now that risk is increasing.

Is this it?

https://www.chemanalyst.com/NewsAndDeals/NewsDetails/statera-energy-submits-proposal-for-uk-inaugural-utility-scale-green-hydrogen-project-30614

Dibs61 I think you are right, looks like and LSE error. Shorts are still open.

Closed shorts, this is wonderful news. Now we can expect to see some improved ratings.

Berenberg cuts ITM Power price target to 59 (60) pence - 'hold'. Hilarious.

Shorts still betting against the tide. Absurd.

Noggers, the updates do not warrant enough cause to push the stock price much further, given the fact that there is no disclosure of any revenue to be generated. So from the near 50p low, profit takers have made up to 20% profit. This has happened three times now in the past few weeks. I would get in at 50p next time it comes around.