Member Info for toneman

Funny though. If BP is spending $36bn, Total $50bn and Shell $22bn, why is ITM revenue only £10m. Where is the other $108bn going?

The market cap is nearly back down to £1bn. Once the current factory schedule is in full swing with orders (yes, they will fill), I think this would justify a market cap closer to £10bn. I think this is a bargain for anyone willing to hold for 5 years. Just topped up.

Speech delivered by Business and Energy Secretary Kwasi Kwarteng at the Chatham House Second Century London Conference.

https://www.gov.uk/government/speeches/the-uks-energy-priorities-enhancing-energy-security-and-pathways-to-decarbonisation

Hmmm, capitulation in progress? Could be good signs for the rest of us.

It's the Morgan Stanley downgrade today from 470p down to 180p. Goes underweight.

I was just about to write the same thing Smithy. This dopey market has given a 10x to anyone who got in 3 years ago. And thanks to this dopey market not being able to price anything correctly some of these stocks could give another 10x from these prices held for another 3-5 years. I've been steadily buying back my holdings on these dips. I've already got my entire holding of Nel back. Still working on ITM.

Sorry to hear that KB. For what it's worth I still believe this stock will do well over the long term. I get the impression that you're a short term trader so it's a much harder call. Keep your eye on it. If you ever see it hit £1.50 you should consider adding a long term hold alongside your short term bets.

KB as you've safely exited this stock and (from previous comments) self-confessed climate-change denier (or at least in doing anything about it) why do you bother to chuck in these rather pointless jibes? Are you trying to justify your decision? The stock's fallen a lot since you got out. Maybe you should consider getting back in at these lower prices so you don't feel the need to dis it so much.

We've been stuck on sub £10m revenue for a few years now. If the jobs we're now starting to complete are in the 24MW range then two or more of those jobs should see us hitting the £20m+ revenue level in some near-term company accounts. It won't be anywhere near being profitable but I'd like to think the stockmarket would start to look a little more favourably on reports of 100%-200% jumps in revenue. It could be a good opportunity to be adding at these levels, and below, before we get such a revenue uplift (next year?).

That's a big price cut by Jefferies.

Seaangler, I'm a little sceptical over these figures. The jump is entirely down to 240MW preferred supplier agreement with the new Motive. As we've had a version of Motive for a couple of years now, it seems a little artificial that we can now add 240MW as preferred supplier. Surely ITM would be permanent supplier to Motive. Can we lose that business in the future?

The red flag for me is the tender pipeline has been omitted. My guess is it's dropped significantly due to the contract wins we've heard from Plug Power.

ITM probably daren't show that it's dropped below 1GW.

omg that's a terrible update. Maybe I'm missing something in the backlog number that explains the future, but I'm failing to see the orders. I would expect a large price drop today.

Anyone care to predict the movement of ITM shares tomorrow when the results come out? I'm wondering if it's low enough that it won't get hammered.

KB, how's the motivational speaking work going?

ITM POWER PLC will be holding a Trading Update for the year ended 30 April 2022 meeting on 9th Jun 2022 at 2:00pm BST.

investormeetcompany.com

Yeah, genius is a bit of a stretch...sorry.

If the government actually want to implement a windfall tax, then it's unfortunate that the opposition have been banging that drum for a while. It means the government either has to reject it entirely or go even further in its implementation, in either case to prove the opposition are wrong. Personally I hope this is simply a scare tactic from the treasury to force the industry into more investment instead. Tricky one though as it spooks actual investors. It's either genius or idiotic, and currently it's too close to call.

It emphasises how broken our system is. Wind Farm operators shouldn't even be selling electricity at gas-generation prices, but the 'powers that be' haven't worked out how to separate the two yet, despite having certificates of supply for 100% renewable energy.

Thanks Bellers, much appreciated.