Member Info for SatellitePro

I took to heart your recent reminder post on Ts & Cs Toneman. I am many £ks up from reading all and sundry posts on this forum in recent weeks and thank all for any contributions. That is why we are here at the end of the day and the odd snippet can be very valuable no matter who made it. I mentioned ITM on a local community board a few months ago and I suspect most ignored it and missed a great opportunity.....

Today will be a good test with Ballard and Plug both down 10% yesterday and Asian markets down. If ITM holds up and stays in 300 - 350 range for 2-3 weeks the new level may have been achieved.

I agree USA covid is getting to be a big concern - Plug and Ballard both down yesterday. I see this as on opportunity though rather than a bad thing. 2008 was dire but all came good later. Provided EU and Asia can keep it under control we should be ok - USA needs to start taking it sev6 and it looks like they finally are.

Ps my view on ITM is that they have years of experience and proven technology combined with a future massive market part of which is being forced by legislation to be a potential customer and the rest of which may want it from choice. The sp took forever to reach 100p, raced through 200p and stabilised there for a while and is testing out levels above 300p. There still seem to be plenty of buyers around at this price who understand the current sales volumes but don't want to risk missing out on treats to come. Apple, Ocado, ASOS etc with hindsight all had the star-dust and I regret not paying adequate attention to those at the time. ITM and all its H2 siblings will do well long term I am convinced of that. Spreading risk across the sector is my personal preference hence the 'fund' I have set up using the HL platform. I may swap some in and out over time and my time horizon is very long term - 10 yrs plus taking a few profits along the way.

This is my hydrogen fund https://www.mindmeister.com/1561762284 for those seeking other shares in the sector to invest in. Apologies if the link won't work.

Will Robert Pendlebury be replaced? Nothing about it in the RNS. What have JCB contributed?

https://www.pv-magazine.com/2020/07/09/eu-hydrogen-strategy-could-drive-120-gw-of-renewables-capacity/

Fund managers are often a complete let-down and worse (eg Woodford). Steer well clear and do your own H2 fund and/or use trackers is better imho. Watch Orlando the cat choose stocks...https://www.youtube.com/watch?v=Aac7rQMZjaY

Air Products gave up on gasification after spending €1bn so caution with PHE unless they found a viable solution. .https://www.bioenergy-news.com/news/air-products-to-scrap-gasification-project-in-uk/

I have no doubt that shares in this sector will do well and I have spread my portfolio to include Hexagon, McPhy, Plug Power, VLS, Linde, Nel, Orsted, Powercell, Ballard, Ceres, Siemens and Siemens Gamesa, Hyundai, Daimler, and Engie. I am sure there are others that could be added. These are for the long term and no doubt a few bumps in the road and delays but direction of travel indicators are very positive imho. Have kept some cash in reserve for further buys if there is a big market correction.

Robin I have been in for 10yrs - various buys averaging 40p. Couldn't quite match the 14p but I bought a lot more shares than Psmith.

Still more than 7x what it was a year ago. Good to see it venturing above £3 even for short periods!

Quote...'In its strategic vision for a climate-neutral EU published in November 2018, the share of hydrogen in Europe’s energy mix is projected to grow from the current less than 2% to 13-14% by 2050.............'

That must be a very large number in cash terms......

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Wisdom of Solomon - when in doubt go 50/50 - that way you are guaranteed not being 100% wrong.

So blue hydrogen producers better stop referring to it as clean hydrogen!!

EU has a hydrogen strategy we have meal vouchers for August.....hmmm

https://aim-watch.com/project/lse-auctions-explained/

A very interesting read TM - hopefully dirty tactics will continue to be exposed - blue hydrogen is a big threat to the growth of green hydrogen. I don't know how the costs compare but hopefully green will be sufficiently competitive.

Really we should be charging Royalties when other countries produce hydrogen since we discovered it. Then we could abolish taxation.

https://en.wikipedia.org/wiki/Henry_Cavendish

Totally agree Tm - H2 was discovered here after all!