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During the recent discussions on ADVFN about Itm Power Plc (ITM), investors expressed a blend of optimism and caution in light of significant developments in the green hydrogen sector and ongoing market fluctuations. A considerable point of optimism highlighted by several participants was the company's "massive cash pile," with expectations set for a robust financial turnaround projected for 2025. One participant remarked, “Cash at the year end 2025 is expected to be around £190 million and inventories at £70 million with no debt,” suggesting that the current market cap of £210 million seems undervalued. There was also excitement about ITM's potential in hydrogen manufacturing as the UK progresses toward becoming a leader in the hydrogen fuel landscape.
However, investor sentiment was also tempered by external economic pressures and uncertainties, particularly concerning geopolitical events and reactions to U.S. tariffs. Concerns were raised about the implications of U.S. policy on the international hydrogen market, with one user commenting, "Trump has the power to demolish the markets," indicating the potential for volatile investor reactions. Additionally, a recent downgrade by Goldman Sachs, which cut the price target to 32 pence and rated ITM as a 'sell,' sparked discussions about the viability of short positions in the current market landscape. Overall, while there is a palpable bullish sentiment regarding ITM's future, investor discussions reveal a clear awareness of the uncertain macroeconomic environment influencing their positions and outlook.
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ITM Power PLC has recently announced its interim results for the six months ending October 31, 2024, showcasing significant year-on-year growth across several key financial metrics. Revenue surged to £15.5 million, up from £8.9 million in the same period last year. Despite a widening pretax loss, which reached £16.8 million compared to £18.1 million in the prior year, the company's adjusted EBITDA loss showed improvement, underscoring its operational efficiency. Notably, ITM Power has achieved a record order backlog of £135.3 million, a substantial increase from £43.7 million two years ago, reflecting a robust demand for its green hydrogen electrolyser systems.
In addition to the financial highlights, ITM Power has secured several significant contracts, including a pivotal agreement for the REFHYNE II 100MW project with Shell and various capacity reservations totaling 508MW. The company completed a 4MW pilot plant for RWE in Germany and inaugurated a 24MW plant for Yara in Norway, marking key advancements in their project execution. Following these results, ITM Power also announced grants under its Long Term Incentive Plan for employees, further demonstrating its commitment to staff retention and motivation amidst its growth trajectory. The strong cash position at £203.1 million provides a solid foundation as ITM Power seeks to navigate the expanding market for sustainable energy solutions.
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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. |
Not everyone wants to buy (now only slightly) cheaper, yet usually inferior Chinese products. Get a grip on your apocalyptic Chinese obsession. Also, the biggest market will be the UK who will want a UK company to succeed in making the UK energy self sufficient. |
Also not as cheap as you think. |
Faster doesn’t always mean better. |
Yes but the Chinese are selling and doing things so much faster and probably state sanctioned owned and funded. |
Type | Ordinary Share |
Share ISIN | GB00B0130H42 |
Sector | Electrical Machy, Equip, Nec |
Bid Price | 34.68 |
Offer Price | 34.86 |
Open | 35.00 |
Shares Traded | 542,702 |
Last Trade | 12:28:42 |
Low - High | 34.20 - 35.14 |
Turnover | 16.51M |
Profit | -27.22M |
EPS - Basic | -0.0441 |
PE Ratio | -7.82 |
Market Cap | 216.82M |
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