Member Info for toneman

It might be worth reminding people that we're due a hydrogen strategy paper from the government soon. Even though it's already anticipated, it's likely to give the price a boost when it arrives. So anyone panicking at the moment having lost a bit could consider if they can hold on to see if that brings recovery. Not investment advice, by the way, you're on your own.

Good luck in getting people to not panic. Not a prediction, but I wouldn't be at all surprised to see this retest lower 500's. But if sentiment holds and the trading statement is ok then I suppose 700 wouldn't be unusual either.

RMFatGB, following their equity raise two months ago they do have significant cash reserves. I'm using the following figures from the financial reports and my own guess at the recent half year (hopefully someone will point out any mistakes)...

Cash Apr 2019: £5m

Equity Raise 2019: £59m
Cash Oct 2019: £56m
Cash Flow (half year): -£9m
Cash Burn (half year): -£6m

Cash Apr 2020: £39m
Cash Flow (full year): -£12m
Cash Burn (full year): -£23m

Equity Raise Nov 2020: £172m

Guess Cash Oct 2020: £19m
Guess Cash Flow (half year): -£12m
Guess Cash Burn (half year): -£20m

Guess Cash Nov 2020: £191m

If they doubled their past annual cash burn they've got up to 4 years cash. But let's see how expensive it turns out to be to expand production into the new factory, could easily be more than double.

It's certainly pricing in a smooth order-filling of the factory. Targeted to be full in around 4 years. Let's hope there are no hiccups along the way. The order from Linde does help keep the idea of a full factory on track, but arguably shouldn't have been worth quite such a big price movement as Linde is sort of already priced in.

Fair point Osboro.

Everyone knows this but I'm going to write it anyway...

There's nothing wrong with being a day trader and there's nothing wrong with being a long term investor, but both have a different perspective. Day trading appears more concerned with shareholder sentiment of immediate newsflow whereas long term investors are interested in how market opportunity and capacity for company growth will unfold. Both play with the same shares in the same marketplace so it's tricky to spot how each, or both, is driving the price at any given time. Also, sometimes I feel like it would be nice to have these forums split in two, one for day traders, the other for long term investors, because the posts from each camp seem completely irrelevant to the other.

My apologies for such a banal observation, but does anyone know if such a scheme can be arranged on LSE?

We have an imminent trading statement along with Octobers half year results. Despite the recent order news the numbers aren't going to be pretty. Just in case the trading statement isn't powerful enough to keep investors sweet, it could be a very unpredictable event. It's not surprising for people to be protecting their positions in the run up. Most are sitting on near 3x gains since the rights issue only 2-3 months ago.

Thanks Seaangler. Hopefully people know me well enough to accept that it's just light humour in the face of a sea of comical commentary. But I accept that some new people on here won't immediately recognise our long-running banter.

That's not lost on me Joe. My wife would testify the same. Each to his own.

Quick everyone the share is going up oh no now its down hang on looks like a retrace must be buyers in the background oh my look at those tranches that's better oh no its turned again what on earth is happening its like its got a mind of its own oh my god I can't stand the suspense do you think there's an RNS coming look there's another buy gone through where do you think it'll end the day are we going blue or red or black even is anyone else as excited as I am oh boy this is fun now where was I oh yes its just gone up a bit oh wait down again oh I wish I understood how this works. WTF

Seaangler, I thought the same about only paying tax if you draw over the lifetime limit. I've checked again today and the way I read it now is that as soon as you draw anything at all then your pot is valued and if it is over then you pay tax on the excess. I'm sure that's not what I read before. Have the rules changed or did I misread it last time?

Will the real psmith64 please step forward...

Malafuster, probably better thinking of the UT as both buy and sell, rather than neither, as it does represent a real auction trade. In this case the slightly lower price reflects the likelihood that the deal was driven more by the seller's interest to offload shares and lock in some of today's gains than by the buyer obviously comfortable taking the other side of the trade at the agreed price. It would probably be simpler for the rest of us if it were reflected twice on the trade sheet as both a sell and a buy to stop it skewing the volume one way or the other.

Leem1, I think you need to research how big the market potential is for green hydrogen. Current tiny revenue and no profits is completely irrelevant. It's about scaling for the future with the right partnerships. That's what ITM is currently doing right and it will absolutely pay off over the next few years. As for cash, that's the bit you got wrong, the recent stock issue has given them enough money to make it happen. You don't have to take my word for it though, you're entitled to your own interpretation. All the best.

What I like about today's news is that the first direct order from the Linde relationship is a pretty significant MW size. That's what ITM have been ploughing all their R & D money into developing over the years and it looks like their foresight is going to pay off. Can't wait to see how future orders through Linde (and Snam) progress. Fingers crossed we could be looking at planning the second factory in a couple of years time.

Yes, we all make these regrettable mistakes. Yesterday I sold some Plug Power convinced there would be some retracement from last Thursday and Friday gains. So desperate was I to get out early at the market open I accepted a 10% opening drop. That not only recovered through the day, but today they announced something with Renault in France and they've opened up another 16% just now. 25% missed for trying to predict the 'obvious'. Mugs game.

I like the Energy Vault block tower idea better than Gravitricity. But I can't help thinking they're both an over-complicated method of energy storage. I haven't looked at any of the financials though to judge if they're sensible.

That should be yeah, not year...my fingers ain't workin' right.

Year, been staring at a fixed price all day on HL. Used Nels own website in the end to confirm tru price...

https://nelhydrogen.com/investor-relations/#details

Also, I sold a few Nel today and didn't get the onscreen price, I got somewhere around 32NOK instead.

RH, don't know if you're in Plug Power but I assume you saw last weeks news. I figured that had a lot to do with most H2 stocks doing well (the good one's at least).