Member Info for toneman

Certainly can't complain about holding onto a decent chunk of today's price rise given how negative the rest of the market is today. That bodes well for future rises when sentiment is not so negative and hopefully more people will have awoken to this company and its prospects. Sleeping giant.

Shareholders from the last funding round have also still got warrants outstanding at 50p. As long as the share price stays above 50p then the company will receive extra money from any of those that get purchased in December.

Does this pave the way for the Ceres Power agreement to be signed? That would be great timing for next week. Too optimistic?

Excellent. Just saw this release over on X too. My favourite company at the moment. Just bought some more.

Remember there is a converse to all the FTSE250 funds. There are also funds that don't hold large companies or FTSE250 constituents. So any AIM fund or small company fund that currently holds Ceres is likely having to offload their entire position at rebalance time to comply with their rules. Therefore some days are going to see big buys and others big sells.

What we're looking for though is if the average price goes up over time which means overall larger holding positions either because there are more funds holding FTSE250 stock or that their holding volumes/values are bigger than the outgoing AIM stock funds.

The market cap is the sum total of current value of all shareholders' holdings so, roughly speaking, if new funds carry larger weightings than the outgoing funds then the total sum invested should be bigger. And as the total sum is also 'price' x 'total shares in issue' then the price must rise to make the arithmetic work.

BurrenBoy, you've got to make your own mind up regards selling. From my experience existing shareholders tend to lose everything following administration and forced sale as there's never enough left over after paying fees and debts. In that case the company (sometimes even same directors) and same projects carry on regardless but under a new company and new owners/shareholders. Current shareholders can only watch from the sidelines at what could have been.

An alternative is a buyout without administration, but the price tends to be so low that you barely get anything more than today's equivalent share price. But at least you get some back which can be a consolation to some.

There's always the slim possibility that all this is overblown, if the company has access to enough cash and survives on its own. Maybe some way off your shares become worth something again.

Your call.

This isn't the first £20k I've lost in this manner and probably won't be the last. As many people will tell you, if you can't handle the loss, don't play the game.

I'll get it right in a minute. 0.1p

Obviously I meant 0.01p.

It's hard to see anything other than two possible outcomes, either sell the business or go into administration. As shareholders we either get about 1p or nothing.

They won't get any more money through a placing and they don't have enough revenue to survive. Anyone think anything other than one of those two outcomes is likely?

A decent UT price again wetherboy. Fingers crossed you get your £4 with another 4% rise tomorrow. Good luck.

Many funds don't rebalance their portfolio on a daily basis and also may not time their rebalance to coincide exactly to index constituent date change. There's already been some interesting buy volumes almost certainly as a result of CWR move to FTSE250, and I wouldn't be surprised to see a few more at or near month-end and quarter-end. Interesting times.

It's a start. Dennis still doesn't hold many shares of ITM. I know he will accumulate plenty through his various awards but it would be nice to see him building steadily with purchases at these levels to signal that there's value here.

Marker72, I agree with wetherboy that the UT price being slightly higher than close is a good sign as it should suggest the auction was bid up by strength in buyers. Other than that in my experience it doesn't generally guarantee anything lasting over the following days trading. This time might be different of course as CWR trades officially in the 250 from Monday morning. Hopefully the demand was so high at Fridays UT that it wasn't fully satisfied by the auction and buyers remain in the wings. If sellers hold their nerve and keep availability low then the price then has to rise to prise open sticky hands. I plan to keep hold of mine for a few more years yet.

There's still a lot of business out there if you've got the right people and businesses on your side.

https://www.hydrogeninsight.com/production/totalenergies-launches-call-for-tenders-for-supply-of-500-000-tonnes-of-green-hydrogen-per-year-to-its-european-refineries/2-1-1518203

Electric Hydrogen (EH2) with their mysterious, secret, electrolyser technology. Sizeable order to start off their GW production facility.

https://www.hydrogeninsight.com/innovation/secretive-bill-gates-backed-start-up-electric-hydrogen-reveals-first-firm-order-for-its-unique-100mw-electrolyser/2-1-1517514

Last week Dennis said "I'm starting to feel the heartbeat of a serial manufacturing company". If he can keep that heartbeat going and continually feed into large projects then we should begin to get serious step changes in revenue. At last week's presentation they showed a slide which explained the difference between their cash inflow and revenue declaration. The latter relies so heavily on site acceptance test (or sometimes just factory acceptance test) that for large scale projects it can be 12-24 months before we will recognise the company's growth in the final accounts. So with the 300MW of orders already somewhere in the pipeline, and the heartbeat of serial manufacture underway, surely we should expect to see a double/triple growth in revenue booked over the next three years already baked in. £5m, £15m, £45m, £135m. Isn't that the sort of revenue you'd expect to satisfy that part of the pipeline? If it is then I'd expect a share price of £2 would feel a lot more acceptable by then. The wait is a little more painful than I first thought though.

The Hydrogen Pro 'profit' may not be all it appears. Without the fair value adjustment of its investment in DG Fuels it would still be a loss-making Q2. It still has an impressive growth in revenue through, so hopefully ITM will be able to replicate that in the near future.

I guess it's possible that the reason for the accounts delay is bad news and it's leaked out already?

I'm always a little wary when ITM put out a 'good news' RNS just before results announcement. Smacks of misdirection.

My current thoughts are 12-18 months then we'll start to see mortgage-holders on short fixed rate facing unaffordable remortgage terms which could spook the BOE into dropping rates a bit. So could be in for a bit of a wait. Maybe if we're lucky though the clean energy sector could come back into favour in the meantime.