Member Info for toneman

This may not go down well, but let me make an argument against filtering the other side.
First let me clarify I do not agree with psmith64. He can see the facts of life as we all can, but I disagree with his conclusion regarding its impact on ITM (except maybe the market's reaction to any announcement next week, that could go either way).

My argument would be this. Where else can you discover what the other side of the trade is thinking? These boards when used well, like this one is, let the other side of the trade tell you exactly what they're thinking and how they'll react. That's priceless. We can see reasons why the price is under pressure, not because Smithy has any powers of persuasion over enough investors to move the markets, we all know he doesn't. But we know his opinion is shared by many on his side of the trade already and they've never even heard of psmith64. Remember in early Summer when we all read the flip-flopping over ITM going to crash, fly, crash, fly. I bet 100's of psmith64s out there changed their minds in exactly the same way.

So, I've stopped getting irritated by the constant repetition, because the gold I'm waiting for is when I read that his position has changed again and he interprets newsflow and reports from ITM signifying growth and thus concludes the share price is no longer going to fall to 175p. But currently I wouldn't put my neck out and suggest it'll be after next week's report...but who knows? I certainly don't know what they're going to say, but I know what I'd like them to say.

Yes taskmaster, I think he's up to his neck in it.

I like to think we're currently on the "Slope of Enlightenment" which must be the best time to invest. Hopefully the "Plateau of Production" isn't too far away either - mid 2020's I'd say.

In case you think all that is just speaking b*****ks. Check this out...
https://www.gartner.com/en/research/methodologies/gartner-hype-cycle

The voting his over...the results are in...and the winner is........
....drum roll.....
....pause excessively for dramatic effect.......
....psmith64.

https://www.survey-maker.com/results3176580xc7674168-98#tab-4

Well done Smithy. With 11 votes you are Nerd of the Week, beating toneman 2nd (3 votes) and bilboburgler 3rd (2 votes).

Congratulations all those who took part. Better luck next time.

Smithy, if you would like to step forward now to give your acceptance speech.

In the settings I asked for no repeat voting but it seems to have ignored that. You can also vote for more than one person for a given visit. It should also finish at 4.30pm, but I don't know if it will follow that in the settings either. Anyway, can't wait for Smithy's acceptance speech at the awards ceremony :-)
...we're all doomed Captain Mainwaring, doomed I tell ye.

Smithy's flying with 50% of the votes so far.

How about "ITM Forum Nerd of the Week"?
Vote: https://linkto.run/p/VO92ODZP
Results: https://linkto.run/r/VO92ODZP

My apologies to anyone who did not wish to be nominated. All nominees have posted on the forum since Sunday.

On the other hand smithy, it's possible that all hydrogen shares remain investible whilst the long-term hydrogen story remains intact, and that should not really be affected by Covid and arguably not even by governments lack of money...there's still plenty of private money out there.

I can imagine a brief dip next week around the agm and results but it's likely to be short-lived. If you are lucky enough to get sub 200p you'd better fill your boots back up fast or you'll miss it.

For the wider picture, I know the stockmarket has a tendency to be over optimistic, but judging by the rest of my 'safe' stocks there's still a hell of a lot of covid, recession, job losses, and brexit already baked into those low prices...all in my opinion of course.

I've been intending to write exactly the same thought for a while. It's even more of a problem in the UK where we may need to maintain longer storage between the seasons. A battery is not going to generate much revenue if it's only charged up once in the summer and then discharged in winter.

A further problem for battery owners will be that once you max out your battery you can't store any more energy. You have to get rid of that energy before the next day of storage. That puts you in a position of being a forced seller in a market potentially already in surplus as you said. And it may not be all that easy to just ship that energy from your battery overseas. Whereas hydrogen will be very flexible. Store as much as you like, and ship as much as you like wherever demand is.

Bilbs, I don't know whether your question was rhetorical or not. Assuming not, the discussion I think you're referring to was back in February...
https://www.lse.co.uk/ShareChat.asp?ShareTicker=ITM&share=Itm-Power&thread=9BA0F54D-14F0-4A9D-A968-03AD142D2092&page=3

Great fun that map. I'm amazed how little difference 10m seems to make. Although it looks like I have to bring my boat a little further inland.

Hope you're right Pianista. Fingers crossed. Like you I bought a few at 130p, although I was kicking myself afterwards because I was pretty convinced I'd miscalculated and also I'd previously convinced myself not to buy any (throwing good money after bad, etc.). Anyway it's not going to break the bank. If Saga eventually locks in a loss I'll just add 'travel' to my list of uninvestable sectors.

You can tell the underwriters are still offloading. Volume of purchases is bigger than sellers yet still down 7% trying to seek out more buyers to mop them up. The outstanding positions have been discussed here before and I think it was concluded we've got another week or two before this clears up. I wonder if we'll go sub 100p before it bottoms. I suspect we might.

China to Germany may be possible but it's also interesting in that the 6 hour time difference means that the Chinese solar is probably not generated at Germany's ideal time for demand. If that's the case it'll also have to be matched by a similar capacity of batteries to shift the power by a few hours. I suppose it wouldn't matter which end of the cable stores the batteries either.

Interesting company. Thanks taskmaster.

Hard to see any Saga target customer taking either the Russian or Chinese vaccine any time soon. I certainly won't be queuing up for either.

HYDG is a recruitment company not a hydrogen energy or fuel cell company. Unless I'm seriously mistaken it's got nothing to do with this sector.

I like how people keep referring to the consolidation as a way of reducing volatility. Where does that crazy notion come from? It certainly doesn't look like it's had that effect to me.

At least you've got to give him credit for being willing to change his mind. So many of the pundits/analysts are never prepared to admit when they got it wrong. Like your example with Tesla many of them are still wrong on that...their loss. Hopefully Cramer's change of heart will start to wake up a lot of Americans to the hydrogen future.

Hey, look who's back...and bringing the market crashing down with him.

I'm impressed you've managed to cling on to your hypothesis through your vacation. Not long now to watch it play out. How exciting.