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NEL get big order: https://nelhydrogen.com/press-release/nel-asa-receives-purchase-order-from-nikola-2/
Perhaps most interestingly , Nikola have bought alkaline electrolysers and not PEM...
Maybe ITM should diversify and try and make both (I see AFC make their fuel cells with the alkaline tech).
Why is anyone even listening to expatbrat anymore? If you go through the history of his/her posts, the opinion changes on which way he/she wants the share price to move. Earlier on in the year, before the results of the planning meeting, expatbrat was also saying that BA and Shell would see VLS as a no brainer. Now with that bit of news out of the way and back into "short" mode, expatbrat wants to make money out of share price movements in that direction too with some negative sentiment.
If you want to invest and not deal with these traders stealing your money, ignore the opinionated bullsh*t and stay long with what you think will be the market cap in the future.
NEL is indeed the fly in the ointment here. If you look at the H2 Bus EU consortium, it is NEL not ITM that are there with RYSE and Wrightbus:
http://h2bus.eu/about.html
Plus, an interesting piece comparing the 2 from 8 months ago on LinkedIn:
https://www.linkedin.com/pulse/competition-worlds-largest-capacity-electrolyzer-factory-patch/
Interesting to see what the future holds, but at the moment NEL has more capacity.
Let's hope XPB is self-isolating somewhere without wifi
@greenbean how many shares were in issue? The value of a share price on its own says nothing about the valuation of the company.
Erm... agree about the growth in revenue, but a £3 SP would put the market cap in the same ballpark as a couple of FTSE100 companies. Even with expected 2022 revenue that would be 4% of the revenue of the weakest FTSE100 company.
See the focus is on Germany, hope Boris knows about this industry when he is negotiating the next stage of the undying Brexit saga...
Have to agree :-) love the technology and ITM, but the SP is making Tesla investors look sensible.
Rise is coming from fund repositioning as I see it, but going up 4x in value in ~5 months is crazy. It's like watching a slow motion Game of Thrones.
Funny how the objections of Dr Constance McIntyre have some similar hallmarks as a certain known shorter...
Also see it is classed as a neighbour comment, which is weird as She seems to be nowhere near Hobson Way.
Am surprised the pact with HiiROC is not being talked about more (unless I am missing something). Looks like a complete gamechanger to me. This would let AFC make natural gas a carbon neutral resource (since the output will be solid carbon). This means that the fossil fuel companies would not necessarily have stranded assets in the shift to carbon neutral technologies.
One number that could have been nicer is the opportunity pipeline. In the coming year would like to see that grow a lot, since it is essentially an optimistic upper bound on the possible future revenue (optimistic as it assumes ITM win every tender, which would be nice)...
Was disappointed that it wasn't bigger.
Or the joint venture will make a subsidiary that is mostly owned by Linde, which would mean they get the vast majority of the equity without the need to perform a costly takeover. Or maybe I am just being too cynical.
Definitely seem to be in the bear direction, at least until the results, then probably anyones guess...
Is this the expected retrace in action or does somebody know something...
@Greylady, before I comment, just to let you know I am pro-hydrogen.
Technology is getting better all the time. You can usually charge to 80% in 20% of the time it takes to charge the whole battery, so in a few years it will be pretty normal for people to stop for ~20-30 mins, grab a coffee and go. The real attraction with H2 are trains/buses/lorries/emergency services vehicles/boats IMHO. That being said, ITM specifically is really hard to value. Lot's of potential for orders here, but lots to do and to prove.
This will explode when they start expanding from their own profits (like ABDP did). But there has been a lot of increase in the last 4 months. Would be happy to see this settle at the ~95-100p level and hold there until positive news. With the factory only at the first stages of being kitted out, people need to be prepared to hold for a good year or 2 at least.
I was here when (actually not that long ago) there was a placement at 20 and the shares dropped to somewhere around ~14. It's now approaching a 200% increase since the placing in October so I think people who want to buy back in again will get their chance...
Have been in this share too long to expect that the dip the other day was the retrace :-) it is the traditional buy the rumour, sell the news IMO.
This has been increasing at around 10% per day for multiple days now. People should not be disappointed with a retrace, at the moment it is tiny wrt the gains.
Yep, been positive on this for a long time. Expect ups and downs because there are so many people looking for quick profits, but with a potential upcoming retrace the SP will have gone up massively compared to the placing a few months back
Taken a punt = covered my short to limit the damage