Member Info for winchpete

While today's news is welcome, the market is not very impressed with engineering studies or strategic partnerships. Substantial revenue from sales is needed. Talking of which, tomorrow is the first anniversary of Hydropulse. What has it achieved in this time?

Possibly shorters using the dip.

They must have a lot of confidence but, just like the rest of us, they don’t have a vote in whether the deal goes ahead or not.

So we are down 7% even allowing for those massive buys!!!! Is there a positive in this that, as demand was so high at 194p, the further downside is quite limited?

The takeover makes sense for both companies. It didn’t just come without warning. The companies have already had informal discussions, so a ball park figure for a reasonable offer would be known to both sides.

The deal might not go ahead if:

1. The Tate Board or major shareholders get greedy.This seems to be the main reason for takeover approaches being rejected.

2. The competition authorities try to impose restrictions that make the deal not worthwhile.

It seems that, barring a series of big contract wins, the shorters will stick to ITM like rock limpets. If the management are confident about FIDs going our way, they could use some of the cash pile to announce a surprise share buy back.

They could transfer the listing to the main market. This could make ITM eligible for more funds to buy the stock and in turn make it harder for the shorters to manipulate the price.

It is good news. However, to shake off the shorters, we will need much bigger contracts than this

No RNS to confirm this. The trading update earlier this month says guidance for 2026 unchanged.

Shorters as well

They seem to think that Christmas is on 13 November. If they are wrong, it could be for us instead!

Varadi needs to show the market he has a grip on the business and provide a clear path back to improved profitability. A failure to give guidance with the last results was a huge mistake and declared open season on this stock for the short sellers.

Rubbish! This defers additional leasing costs. It also converts orders for aircraft that are no longer suitable since the closure of the Abu Dhabi base with those much more aligned with the European high density, low cost market.

Come back in 6 months!

He is obsessed with anything that might look bad for ITM. Very strange for someone who claims to be a shareholder.

Have they seen the investor presentation or did they just look at the raw numbers? I suspect the latter.

I have a much more ambitious demonstration of confidence in mind! AFC is a good example of senior mangement commitment.

Now that we are no longer in a closed period, confidence could be boosted by some substantial Director share purchases, including by those about join the Board.

The 'buys' are probably those in the Retail Offer that are admitted today.

The 17,00 referred to revenue during the half year. There was only enough cash to last until September.

I suggest they will have been emboldened by their profits from the recent large fall in the sp. They will get greedy and hang on for a further drop post results. Hope I am proved wrong.