Member Info for RickSanchez

Financial Times Article - 10 Jan 2025

"Toyota rethinks its bet on hydrogen. The world’s largest carmaker is pivoting to commercial vehicles after passenger cars fail to gain traction."

“On all levels, hydrogen has been a failure for passenger cars,” said James Hong, head of Asia energy transition and commodities at Macquarie Capital. “Where we still haven’t got an answer yet is on commercial vehicle or stationary energy storage demand.”

"The failure of hydrogen-powered cars to go mainstream has not only been a setback for Toyota and Hyundai after pouring billions of dollars into the technology, but also for Japan and Korea, which have pinned their decarbonisation strategy on the fuel."

"Meanwhile, prices of EVs have been driven down by fierce competition in China and breakthroughs in battery technology. “When you now have a technology that already works, is super cheap, and is good enough — lithium-ion batteries — you have to question the necessity for investing in a whole new supply chain,” said Sam Adham, analyst at the CRU Group consultancy."

A quote from the article "to buy green hydrogen at the lowest price and sell it in Europe at the highest price"

Why invest 3bn to buy H2 from outside Europe instead of using that to drive down production costs in Europe? DYOR and see who will be supplying those contracts with equipment. One thing for sure is that it won't be ITM or any European company.

*cheeks :)

Is that for all the spanking they have been giving the long term holders, who's checks are red raw by now. The shorters wear their belts pretty tight lucky, you might struggle to get them down.

But seriously, with all your hype here, now you are expecting more short increases? I thought you believed the only way is up from here?? I am confused. Why do you expect further shorting, based on what?

By "ball" I'd say they are referring to the stock price.

I must say it is amusing that I get so much stick on here but it really is like water off a duck's back. Dennis has managed to cut costs but certainly managed to cut the price of the stock as well. It's not all his fault as we all know the green hydrogen industry is facing many difficulties. All I can say is that whatever I I'm saying reverberates with the market. in this group there is but a handful of optimists but out in the real world nobody can agree with you enough to purchase a single ITM l, stock funny isn't it? You all have it right and the market has it wrong, funny isn't it? You think shorts are getting burned yet. Shorts are increasing their stake, whatever I say reflects the stock price. Whatever you say is the opposite of what the stock price does.

*with zero

Marker that is what you would like to believe, it plays into your story, even without Zero evidence. Dennis on the other hand is the CEO of ITM and gets paid around a million quid per year.

Lucky, reposting his linked-in comments really is just ramping. Of course the man will sing to high heavens about ITM, that is his job and he gets paid to say those things.

*if things

I would look into it, it is not a good sign. Why would they up their short again the things were going well for ITM?

After seeing the recent state of the UK economy, looks like more pain to come here. I thought this would be a good buy at 600p, I was horribly mistaken.

Without Personal attacks. Can anybody give sensible, mature and logical commentary if they have a counter for the associated risks I mentioned.

USA - Trump's anti-climate change stance and uncertainty on green energy policies and budget cuts that will take place to reduce the debt. Focus on CCS and blue hydrogen, and Trump's dislike for wind energy.

UK - High interest rates remain unfavourable for lending, with further risks from Trump's trade tariffs. Pressure on the UK economy could result in further budget cuts. More investment into CCS to sustain fossil fuel production. Regulatory uncertainty is still too high.

China/India/Saudi - Due to cheaper manufacturing and production costs, it will be hard to compete outside of Europe and the UK. This leaves ITM with the UK and Europe as the only selling regions. China has been allowed 25% of the European market share.

Cost - The cost of green hydrogen is far more expensive than blue/grey. Off-take agreements cannot be secured to encourage private investment.

Onsolidground why are you posting old news?. Two of those links are a lot more than yesterdays news.

All this talk about shorts getting burned and Qube decide to increase theirs. IKFA I agree, Helikon are nothing in comparison to Linde but you cannot really think that they are losing any sleep at night. If so why would Qube increase as well. See my post below, those are real risks not only facing ITM but the whole green H2 ecosystem. If I am wrong then ITM would be soaring by now with all the news that has been coming out.

Does this look like the shorts are afraid? We have not yet seen the bottom. Be warned. So far here are my concerns: Personal attacks not needed. I have not made any. Thanks

USA - Trump's anti-climate change stance and uncertainty on green energy policies and budget cuts that will take place to reduce the debt. Focus on CCS and blue hydrogen, and Trump's dislike for wind energy.

UK - High interest rates remain unfavourable for lending, with further risks from Trump's trade tariffs. Pressure on the UK economy could result in further budget cuts. More investment into CCS to sustain fossil fuel production. Regulatory uncertainty is still too high.

China/India/Saudi - Due to cheaper manufacturing and production costs, it will be hard to compete outside of Europe and the UK. This leaves ITM with the UK and Europe as the only selling regions. China has been allowed 25% of the European market share.

Cost - The cost of green hydrogen is far more expensive than blue/grey. Off-take agreements cannot be secured to encourage private investment.

IKFA I do agree with you about them needing some bad news for a catalyst to sell. And I think that will happen. I would say Helikon knows something more about that. Although they currently are sitting on a "profit" of somewhere between 250-300% if they begin to close now.

IKFA, how many holders do you think there still are from the last placing at 400p or previous highs? It reached over 92% loss when it hit the bottom. I would say many stop losses were triggered and the rest bailed along the way, leaving only a handful of investors. That seems more likely than most holding on.

Eastwood there is not much point in tracking the daily bought/sold stats. Totally unreliable due to system errors, buys showing as sell and vice versa.

Janoz316 It's a Bloomberg copy and paste Article. Posted the weblink after.