Member Info for vamosbien

Yes Digitalis, he exhausted all his chances :)

A bit late but the Constructivenews has now gone to the bin too. Breath of more fresh air.

DNB Asset Management bought 300k in August, and today I have found who sold this amount. It is the Korean fund, Hanwha Asset Management. Bought in June, sold in August.

Just to update for August, a Nordic fund based in Oslo, DNB Asset Management bought 300k ITM shares. They have more than 600 institutional clients, welcome to the club DNB!

And together with Supply Chain Manager opened yesterday, ITM Power is now hiring for 32 positions in UK and Germany. This number should tell you something!

We will be well prepared for this market.

Exactly. Like we are focusing Finland and Spain with ABO, for example it could be Portugal with another energy company.

Dennis is celebrating the news from ABO Energy in LinkedIn, as you know, they have secured EUR 240 million loan. Well, all of us celebrating.

In a nutshell;

ABO Energy has concluded a syndicated loan agreement for the first time. Under the leadership of Commerzbank, seven banks have participated. The volume of the financing amounts to 240 million euros.

There are two articles here, would educate some people about the pivotal role of green hydrogen in the energy transition.

https://www.linkedin.com/pulse/h2-reasons-cheerful-pt1-clean-has-right-win-several-hard-adam-collins-chbme/

https://www.linkedin.com/pulse/plane-sailing-clean-hydrogen-derivatives-set-play-big-adam-collins-fhmje/

Dennis on LinkedIn:

After all the hype, this is what really matters: building the hydrogen industry on the ground.

Our Hydropulse team is partnering with ABO Energy to fast-track decentralised green hydrogen plants. Starting in places like Spain and Finland, we’ll be putting small to mid-sized plants right where the hydrogen is needed.

No endless theory, no glossy promises, just getting on with it.

For customers, this means reliable hydrogen without the capex headache. For investors, it’s turning years of R&D into real projects and value.

The hydrogen economy isn’t “coming someday”. We’re building it - now.

ABO's portfolio is impressive. ITM will play a big part particularly in Spain, very exciting news.

Germany-based company has built up a multi-gigawatt hydrogen pipeline besides its portfolio of more than 30 gigawatts in development across wind, solar and battery, and has realised 6.6 gigawatts of renewable energy capacity to date.

How pointless these SP messages to the majority of posters here who are LTHs.

Up 2p, 3p dropped, how exciting!.

Yes, shakeout was done on Friday and we are now moving on.

It is ridiculous to suggest directors should buy more shares now. SP already had 20% in last 5 days. Presentation has given enough confidence to the market.

Ask price is 72p in Tradegate now.

Eventually everyone will focus here. No surprise, Dennis again under promising for 2026. We will probably end up increased guidance next year, having 185-190m at the end of 2026. This cash position is really strong and I believe in 2027 we will start talking a different picture. I am already excited for next year. Again, well done ITM team.

Revenue expected to be between £35m and £40m: Our revenue is expected to increase by almost 50% year-on-year, with the majority of the revenue coming from contracted product sales.

· Adjusted EBITDA loss of £27m to £29m: We have gained control of what we can control and are reducing our losses, although we continue to deliver on loss-making projects which ITM were committed to prior to the strategic shift in the Company in 2023. Already 60% of our contracted order backlog is profitable and the share will grow further in this financial year.

· Cash at year end is expected to be between £170m and £175m: CAPEX for the year is expected to be in the range of £10m to £15m, as we continue to invest in R&D, product development and our manufacturing capabilities. We anticipate working capital to increase by £10m to £15m.

I just found another fund jumped on the bandwagon. Evolve which specializes in bringing innovative ETFs to Canadian investors, bought 287k in July. Quite liked the interest from across the Atlantic.

Thank you Digitalis, I don't know why we didn't question this before, it was very annoying.

Well done ITM, well done Dennis.

Qube increased their short position again yesterday another 0.10% to 0.60%.

SP didn't bother at all. Quite a strong finish today again.

I feel we will enjoy the outcome next week.

Fund sector allocation, 43% hydrogen and 28% renewable energies.

Country allocation; 22.6% Germany, 18.7% USA, 16.3% Canada, 11.6% UK

Now, that is interesting. Another fund, based in Luxembourg, bought 4.3 million ITM shares in July. They had no shares before.

Given they only operate in Austria, Germany, Luxembourg and Switzerland, I would think this buy is from Germany too.

I said before, we will see more and more interest from German funds.