Member Info for Stayingpatient

@ALBERTZ Thanks for your post. Yes, you make a very good point. I've been on a few forums over the last few years & this one offers a truly eclectic mix of contributions. All the best 👍

@Patmani Andy Burnham doesn't regard backing the nuclear sector ncluding RR and continuing the welfare state, as being mutually exclusive. He's got a clear track record of supporting the expansion of nuclear energy. He wishes to bring energy under more state control, but that will mean more state investment & that will mean more state funding. This is going to be a challenge, given the need to bring government spending under control.

Even though I don't agree with a lot of his leftist policies, I believe RR is still going to enjoy a bright a profitable future, for all the reasons many here already understand.

Relax, and enjoy the ride. Despite the geopolitical and economic maelstroms over the last 12 months, the RR is still up nearly 60%. That's pretty good by any stock market metrics.

Back to the pool now 😎

@Investerintheknow Cheers buddy, yes my Yorkshire Rose is very happy here. We both love the Greek Islands 🏝

@Badland Hilarious dude! And that was how you got your nickname then? Cheers 🍻

Morning fellow rollers, we arrived in Corfu last night for 2 weeks in the sun. We were 90 mins delayed at Manchester Airport & then told that we were going to fly first to Thessolonika, as a plane there "needed one of the parts on our plane"!!!. It transpired it had hit some debris on the runway & damaged a tyre. So now we had a 737 spare tyre in with our luggage and a hassled looking mechanic sat with us.

About 30 mins before landing, the captain announced that we'd be flying straight to Corfu as plans had changed. From the cheers that went up from the passengers, you'd have thought that England had win the world Cup!!!

Me & my good lady were jolted awake from our slumber early this morning by a 2.8 magnitude earthquake. It wasn't more than a couple of seconds long, but it felt as if something very large had rolled under the hotel. My wife was silent on whether "she'd felt the earth move"! 🌎 🤣

It looks like you're having your own heatwave back in the UK, don't get burned & enjoy it.

Have a great week all 👍

@Svend Agreed, larger free enterprise, less red tape, less over regulation, less government interference, less state controls and a tax system that encourages new businesses and capital investment, are vital prerequisites for an economy to experience healthy growth. You're right you cannot tax your way out of economic problems. Throughout successive governments of different persuasions, the total tax revenue has never exceeded more than 38% of GDP, public spending is currently around 45% of GDP. Ergo, the UK national debt continues to rise, with interest payments now in excess of £100 billion pounds per annum.

Whoever finds themselves in number 10 Downing Street over the next few years, will have to get spending down without increasing taxation. Why? because, as we've witnessed, the anti business approach of this government is stifling growth, more than that, businesses are closing because they can't afford increased business rates, higher N.I. contributions and higher taxation.

From a RR perspective, I think we're in a strong position as most political party's are in favour of nuclear power, lower emissions for air travel and a robust defence portfolio. But, more than that, as we've seen recently, we're winning business from overseas markets. So fear not, the future is very bright for RR 😊

This is a quote from Margaret Thatcher from an interview for the Thames Television "This Week" program on 5th February 1976: She was the leader of the Conservative party at the time. Jim Callaghan was the Labour prime minister...the rest is history.

"I think they’ve made a financial hash of a lot of public spending. They’ve made a financial hash of earnings. They’ve made a financial hash of housing. They’ve made a financial hash of education. They’ve got the usual Socialist disease—they’ve run out of other people’s money. And then they start to nationalize everything, and people just don't have any incentive to work anymore."

@bav1975 Agreed, but the war has cost Iran around £250 billion dollars in lost revenue. Trump's decision to blockade the Iranian ports, put a financial choke hold on the country.

Both sides knew that this situation, if it persisted, could lead to severe long term economic damage, for them, not to mention the rest of the world.

The US doesn't want a forever war that it appears it can't win & Iran needs to start shipping oil globally again. Both sides have been trading punches and now they've realised they have to move forward.

So, although there's still some significant details to negotiate on and agree, I think the road ahead seems a bit brighter now 🙏

@Deeboss Well done for you. Many here have held RR since the days of sub £1 or just over. I bought in at £1.50 in 2023, sold just after the war with Iran started & then bought back in last week. Yes, it's been an incredible ride. The decision as to when to sell is a very subjective one and multi faceted. All the very best for the future 👍

@Badland right back at you dude! 😉

I bought back in last Thursday. I'm looking forward to this great company gaining traction again 👍

Morning all, Berenberg has upgraded RR to a "buy" with a target price of 1430 p.

Rycey is up 3.59% this afternoon on the US market 👍

I think you meant to say..."People that live in glass houses shouldn't throw stones".

As for my post, I stand by what I've said there. As I implied earlier when things change rapidly, one needs to consider whether a change of course is in order to avoid a disaster. In my case that's all I did. It can be stubborn to stick to a plan when the landscape changes with little or no warning.

@breakofdawn It's unfortunate that you've chosen to apply the low resolution title of deramper to me, simply because I've shared some of my reflections on what I see as being behind the last week's SP movements. I'm not sure that there's much I can say that will encourage any further discussion on the matter, as you seem to have made your mind up. The following post by yourself only two days ago, illustrates how none of us can possibly know which way a share price will go and for how long. I could, by the same metric that you have applied to me, call you a ramper, but I won't.

I enjoy robust and sometimes pithy debate. The ability to hold one's own views and discuss opposing views without descending into name calling is a measure of maturity and a cool head.

Again, I wish you the very best.

RE: Strategic partnership with protium3 Jun 2026 15:46

Don't be the least bit surprised if it returns to the 190's. Most of us have gotten used to these movements.

Read the RNS, its very good

Revenue enhancing to the tune of £15m if 3 straight 5 MegaWatt sales, if so

FID in December

Shovel ready HAR1

Proteum are looking at using ITM and Hydropulse for further projects.

It resurrects a previously parked project that Protium bought out.

They've bought British so Reeves and Millibabnd will be pleased.

Creates new jobs.

Possible implications for a resurrection of Whitelees also, where ITM were Scottish Powers chosen electrolyser provider.

Nice timing also for the imminent HAR2 news on 27 larger scale hydrogen projects

https://www.lse.co.uk/rns/ITM/strategic-partnership-with-protium-ll2ft4njhc8umhn.html

Here's the rest as I ran out of text space:

during the rapid April–May upward trajectory.Strong Structural Floor (90p – 95p): If the institutional exodus persists, a retracement to the breakout level from mid-April is highly probable. This is reinforced by a structural technical gap where the initial hype cycle accelerated.

2. Fundamental Valuation ConstraintsThe Profitability Disconnect: While ITM raised its fiscal 2026 revenue guidance to a midpoint of £41.5 million (a 35% year-on-year jump), the company remains deeply unprofitable. Mainstream institutions avoid holding bloated weightings in loss-making firms once catalyst-driven trading concludes.Extreme Valuation Multiples: Even at 148p, ITM trades at a trailing Price-to-Sales (P/S) ratio exceeding 25x. Some conservative sell-side analysts (such as those tracked on Simply Wall St) maintain a fair value anchor as low as 55p, citing the long multi-year wait until final investment decisions convert into booked revenue.Bottom Line: Expect the stock to remaining volatile with a downward bias toward 125p in the coming weeks as residual index-play liquidity clears out.

THIS IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADICE OF ANY KIND.

All the best everyone.

I've been off work today and had time to do some reading on what's been going on. It looks like this may have further to fall. Please understand I am not a deramper as they're called. I'm a realist, who likes to make investment decisions based on logic and evidence and, on occasions where things change rapidly, I also pay attention to my gut instinct.

Like many here, I too, didn't see the rapid unwinding of the SP coming following the inclusion in the MSCI index. Once I suspected that the valuation was unravelling, I sold everything yesterday.

I still believe that the ITM fundamental business case is unchanged. However, the market has to some extent gone "risk off" for the time being, and wants more visibility than signed contracts alone. I'll be looking for a lower entry point, hopefully in the near future.

Institutional unwinding of front-running positions in ITM Power plc (ITM) is evidenced by a classical "sell-the-fact" post-index inclusion drop, where a massive spike in passive tracking volume was met by intense institutional liquidations.

Evidence of Front-Running Unwinding Hedge funds, event-driven arbitrageurs, and institutional desks spent weeks accumulating shares after the MSCI Global Small Cap Index addition was announced on 13 May. Their goal was to front-run the mandatory index replication buying.The Liquidity Event: The index inclusion officially took effect at the closing bell on Friday, 29 May 2026. On this day, passive trackers (like BlackRock iShares and Vanguard) were contractually forced to buy millions of shares to match the index weight.The "Buy Room" Liquidation: This forced passive demand provided the perfect high-volume exit window for the institutional accumulators. Instead of the stock soaring, ITM hit a 52-week high of 219.80p intraday on 28-29 May before the institutional supply swamped the passive buying, causing a sharp reversal.The Post-Inclusion Hangover: In the week following the inclusion, institutional selling has drastically outpaced retail buying. This sell-off occurred despite objectively positive news, including a £40M cash injection from Great British Energy and the formalisation of the Cromarty Hydrogen Project.Short-Seller Restraint: According to the FCA Short Interest Tracker, net short positions held by funds like Helikon Investments and Voleon Capital have actually remained steady or decreased slightly (sitting at roughly 1.62% combined). This confirms that the sharp downward momentum is driven by long asset managers liquidating positions, rather than an influx of aggressive new short-sellers.

How Much Further Could ITM Fall? Having slid over 32% from its peak of 219.80p to a close of 147.90p on Friday, 5 June 2026, the velocity of the unwinding suggests further downside risk before finding a structural floor.

1. Technical Support LevelsNear-Term Floor (125p – 130p): The stock faces an interim psychological test here. This level represents a critical consolidation zone carved out d

@NewKOTB You may well be right. I'm glad I paid attention to my gut instinct and sold up yesterday.

It's painful for some watching the SP continuing to drop. It seems short term as the fundamentals are still looking positive for ITM. However, the market needs to see some bridges built between contracts that lead to FIDS that lead to execution and profitable manufacturing.

Hedge funds and arbitrageurs are actively unwinding the front-running positions they built up ahead of ITM Power's entry into the index, and this structural phenomenon is the primary reason behind the 22% decline in the share price.The mechanical "buy the rumour, sell the fact" market dynamics and index rebalancing explain why the stock has retreated from its peak despite consecutive announcements of positive news.

1. Liquidating the Front-Running PositionsHedge funds, event-driven arbitrageurs, and institutional desks spent weeks accumulating ITM Power (ITM) shares to front-run the mandatory buying of passive exchange-traded funds (ETFs) and tracker funds.The Target Catalyst: The inclusion of ITM Power into the MSCI United Kingdom Small Cap Index officially became effective at the closing bell on Friday, 29 May 2026.The Liquidity Event: Passive funds managed by institutions like BlackRock iShares and Vanguard are contractually obligated to track the index with zero tracking error. To do this, they must buy the added shares at the exact closing price on the effective date.The Unwind: Arbitrageurs used the massive, inelastic buy orders from these passive trackers on 29 May to dump their front-run positions. Once this forced passive buying liquidity was completely absorbed, the artificial buying support disappeared.

2. Disconnecting Fundamentals From Price ActionThe sharp drop over the last week stands in stark contrast to the actual company news, illustrating that this is a flow-driven market correction rather than a fundamental business failure:Government Injections: Great British Energy injected £40 million of equity as part of a wider government funding package.Strategic Alliances: ITM Power secured an industrial green hydrogen partnership with Protium on 3 June for the Cromarty Hydrogen Project in Scotland, alongside an international defense collaboration with Rheinmetall.Guidance Upgrades: The business previously raised its fiscal 2026 revenue guidance to between £40 million and £43 million.Despite this string of commercial successes, institutional selling heavily outweighed retail buying. Speculative hot money had pushed the stock to an overbought 52-week high of 209.20 GBX on 28 May, leaving the share price highly overstretched.

You think it's going to drop to 140p then @bilboburgler ?