Member Info for Verticas

Agree

How could the CEO and BOD approve a massive investment in Acuant with the highest volatility income steam in crypto at a time of record low loan rates. Extreme hubris with no clue about financial risk management.

Stepped down? I repeat how can the CEO stay in post!

Can anyone explain why the chairman has not initiated a vote of no confidence against the worst CEO ever!

Absolutely spot on. GBG got a new CEO about 3 years ago and he has wrecklessly bought Acuant and having no hedge on the debt is plain stupid. GBG won’t be considered as investible until he goes,

Anyone holding hydrogen shares have to sell. There are no scalable economic options for green hydrogen.

Anyone holding is looking at 2-3% weekly falls. By end October this SP could be close to 120.

Sell and rebuy once US properly opens otherwise watch your holding suffer. Don’t believe any brokers as they need to keep the big pension fund holders happy so will keep saying buy!

There is no floor to a business that makes no profit and won’t for several years. Hydrolysis is a simple technology so there is nothing that makes ITM valuable and able to prevent companies coming in with more cash - think China and ITM is just a minor sideshow. There are other H2 companies that do have IP advantages. But DYOR

If that last article doesn’t make holders sell, the frankly you need to visit a psychiatrist. 12% of the exported value plus all the hassle of transit and return/transit delays is putting the EU as a potential loss making market. Add the US slavery investigation and in reality this company is sinking - it will be slow and painful.

Look - any share that grows as much as ITM is a bubble share. It has value but is not a green business - burning hydrogen releases very high levels of Nox which will exceed acceptable limits. In addition many of the concepts for hydrolysis are simply uneconomic- below is an engineers review of offshore green hydrogen via hydrolysis. But please make up your own mind.
‘Offshore H2 is just the latest silly idea in a field full of them. Offshore wind? Sure, that's where the wind is. Offshore oil & gas - same story. But as the OP notes, doing ANYTHING offshore that you don't NEED to do is a terrible idea. Onshore hydrogen is a deeply flawed concept. Moving it offshore just makes a bad idea laughable.

The idea of using "excess" electricity is also ill-conceived. Desalination and electrolysis equipment is expensive. If we can only run it when there is excess electricity, much of the time it will sit idle. This is not a wise use of capital equipment.

Unless the offshore wind turbines are fully devoted to hydrogen production, there will also be need for parallel electric transmission cables alongside H2 pipelines, totally unnecessary compared to simply bringing ALL of the electric power onshore.

Is there a competent engineer involved ANYWHERE in the "Hydrogen Economy" insanity?’

I have followed the H2 industry and have worked for the major oil companies for many years. H2 will remain in hibernation until the barriers to entry are low. Now that the EU has just agreed a further 750 billion Euros of debt and US/UKs debts are trillions it will be years before the conditions support the H2 industry such that ITM gets close to the current valuation. We can’t give our natural gas away.

Holding for the near term makes no sense as the company valuation will return to a few hundred million - gambling on the movements does but of course you may lose. I had bought at 250 a few weeks back, then sold at 300 as it is not currently a share you want to hold for any length.

Hi

Totally agree that share is worth valuing for future development and with a ready infrastructure and a lack of substitute products and willing stakeholders such as the Government you can arrive at a very high forecast.

Amazon had none of the barriers that ITM have and became part of the on-line oligopoly with Alibaba.

You just cannot use a straw man argument to support what is currently a massively overvalued company.

I have watched the H2 market for a while now and of all of them, I think Powerhouse Energy is the one which has the greatest chance of long term success. Burning plastic at local sites to generate H2 ticks more boxes and if you use local wind parks then a triple win - the SP is less than 10% of ITM as well.

But if you can wait 10 years for a possible payoff then best of luck. Suggest to sell ITM buy Boohoo - the next AMAZON - and buy 20 times the no of ITM shares back in 5 years given the SP growth differences likely - at least by then the buy risk will be known

I very rarely comment on these boards, but for those invested, it appears that commercial large scale and profitable green hydrogen is a decade away.

If you think a company is currently valued at above a billion with no current profit in a market that requires heavy cross subsidies by government - yes it is possible but you will need patience and luck. Being 40 years in oil and gas with the majors, we have a massive gas surplus and are losing money as prices are lower than ever and will stay that way for a decade so hydrogen cannot work without subsidies from rich governments of which there are few post COVID.

Barriers to entry for green hydrogen are still too high. ITM though is a great yo/yo speculative share but my advice is do not leave it alone as you may get badly burned as sudden downswings are inevitable for the future of this industry. The next meeting month could be a typical major negative.

The management team at GB are exceptional and due diligence would have been more thorough than most. GB can extract much more value out of this US acquisition. Back to over £6 within 3 months. Target £7 by year end IMO

This share will not retreat - it has great management and a truly global footprint. I predicted 2 years ago it will reach £7 and it will

The future of this company is amazing. Fully expect great mid year.

Looks like the company are opening an office in New York. Can

Any ideas as to why the SP is in free fall again!

Look guys Data and security are the number only game in town. Once you have the data you are in control. Regards

Very familiar with GB and first timer. This business is a world leader and has a target expectation of £7 within a few years. Probably the last company to lose sleep over. Expanding in the US and with Trump wanting to check all incomers it can only be good. Buy and keep.