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Recent discussions among investors on ADVFN regarding ITM Power Plc reflect a mixed sentiment amidst notable speculation about the company's financial future. Key highlights included speculation that ITM is expected to reach a cash position of £190 million by 2025, with expected inventories around £70 million and no debt, suggesting a healthy financial outlook. Discussion centered around concerns from some investors regarding management's decisions, pricing strategies, and skepticism about the company's profitability timeline. "If the US impose tariffs on Europe, Plug Power will be the loser… Role on next year when ITM becomes profitable," expressed grahamwales, showcasing optimism for the company's future despite broader market turbulence tied to geopolitical issues.
Investor sentiment is divided, with some viewing the recent price cut by Goldman Sachs, adjusting the target to 32 pence as a negative indicator. Quotes like "this cannot hold a price increase it never sticks" from barnes4 exemplify skepticism about ITM’s ability to maintain value in the near term. However, others highlight potential opportunities for investor gains, with grahamwales noting, "If it does drop it will be an opportunity to buy." Overall, while there remains a degree of wariness concerning immediate performance, long-term views seem cautiously optimistic about ITM’s growth and market positioning, particularly in the hydrogen sector.
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During the past week, ITM Power PLC reported its interim results for the six months ending October 31, 2024. The Sheffield-based company has demonstrated significant growth, with revenue reaching £15.5 million, an increase from £8.9 million in the previous half. Despite reporting a widened pretax loss of £16.8 million compared to £18.1 million in the prior year, the company highlighted a growing contracted order backlog, which has reached a record high of £135.3 million, up from £43.7 million two years prior. The company also maintained a strong cash position, totaling £203.1 million at the end of the reporting period, though this is down from £253.7 million from the same time last year.
Among the key developments, ITM Power highlighted several contract signings, including a notable project for Shell's REFHYNE II 100MW initiative. Additionally, the company secured capacity reservations for 500MW and 8MW projects, and successfully commissioned a 4MW pilot plant for RWE in Germany. The week also saw the announcement of awards granted under the Long Term Incentive Plan for certain employees, which are contingent on performance conditions and a vesting period. Overall, ITM Power remains optimistic about its outlook, underpinned by a robust order pipeline and strategic project wins in the green hydrogen sector.
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nicebut - can you make your point without the language please. |
"Yeah,yeah,yeah. The unions - 50 years ago." |
Yeah,yeah,yeah. The unions - 50 years ago. |
Well Rover was owned by BMW when the 75 was designed and built - wouldn't have happened without them. Nor would it have had an engine - BMW, or a gearbox - getrag, or a suspension - BMW, or electrics - Bosch. All you actually did was encourage low value assembly in the UK, while outsourcing all the added value to continental Europe. |
Jensen interceptor.... |
You forget the role of unions in being led by communist agitators repeatedly demanded a bigger slice of the cake in shipbuilding and the motor industry. Not until Thatcher clipped their wings enforcing an end to show of hands ballots which reasonable workers were afraid to go against. By then it was too late, the investment that was needed to build more efficiently with better quality was investing abroad. Some brilliant British cars in the sixties and seventies compared to France and most German. Mercedes made cars that looked like taxi's and not until Audi started, combining Auto Union, DKW and NSU did they start to compete. Don't forget the RAF had decimated the car industry in Europe which had been focussed on military vehicles. VW and BMW both used slave labour in the war and private capital was safe in Switzerland ready to redevelop. We just finished paying off war loans very recently. |
If the Brits produced cars I wanted to buy, I'd consider it, but they don't - why is that my fault? In fact the stub UK car industry that remains was salvaged by companies like Honda, BMW, Merc etc who installed proper management. Without them it would have quite rightly disappeared long ago. |
Leaving The EU, and especially the SM & CU, was perhaps the stupidest things this Country has done for a few decades....So yes chickens coming home to roost. |
We could produce far more in the UK if short-sighted Brits supported UK businesses instead of buying so much imported goods e.g. over-priced badge snob cars like Mercs and Beemers and all the rest. |
China is a good partner to countries that buy their products. |
Manufacture in the UK is more or less dead apart from niche applications - Brexit was just another nail in the coffin of a long-dying beast. Fortunately for ITM they are a niche manufacturer, and benefit from geopolitical concerns about China's potential control over vital infrastructure cf Huawei. All to play for here. |
CUR RE 32728 - "Everyone has the option to buy cheap Chinese stuff if they want to--" |
Has the ticker broke |
Big truckmakers bet on hydrogen to extend combustion engine life |
Ah - the original article just mentioned hydrogen 🤷 |
Record breaking funding for clean energy in Britain |
Says low carbon hydrogen so possibly not green. |
I cannot access the whole article, but BOC were one of 4 companies involved in the original tender :- |
About time this had another run to 60p+ Keep adding tiny bits |
Exactly, with government grants in the hundreds of millions, they will want to spend the money with the right suppliers, not necessarily the cheapest with potentially inferior build quality and non existent after sales support. Don't worry so much about China. |
Unfortunately when you buy low cost stuff even though you don't know where it comes from you have a very good idea that its probably made in China. |
Everyone has the option to buy cheap Chinese stuff if they want to. Germany and Japan are still at the forefront of the car industry decades later because of their reliable build quality. If you have money to spend, you don't buy from China. If you're on a tight budget, it's an alternative, but not necessarily the best choice. Also China not the economic superpower they once were perceived to be. |
Not sure UK will be the biggest market however Europe got stung when China flooded the market with cheap solar panels which took down most of Europe's manifesting. I'm sure they wont make the same mistake with cheap unsafe electrolysers. Safety is not up to the same standard in China as it is in Europe and the U S. |
Type | Ordinary Share |
Share ISIN | GB00B0130H42 |
Sector | Electrical Machy, Equip, Nec |
Bid Price | 34.18 |
Offer Price | 34.54 |
Open | 34.02 |
Shares Traded | 526,031 |
Last Trade | 10:15:24 |
Low - High | 33.58 - 35.00 |
Turnover | 16.51M |
Profit | -27.22M |
EPS - Basic | -0.0441 |
PE Ratio | -7.73 |
Market Cap | 211.39M |
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