Wouldn’t surprise me if we get some more positive broker notes following year end results. 😁 |
Even though a pound would be most welcome short term!
RBC cuts ITM Power price target to 100 (150) pence - 'outperform' |
Most likely: It might be a FID for some of that 500MW; We know sales were great, but not mentioned till a FID is issued.
All very healthy; You can do wonders with provisions. Dennis took a bath, and is now toweling down. B/E certainly can't be ruled out Y/E 30/4/2025. |
Broker cuts price but overperform rating. |
Moontheloon, From the statement on 6th June:
Net cash at the year-end of £230m, ahead of the guidance range of £200m to £220m and reflecting the stringent cost and capital disciplines now embedded in the DNA of the company
IMO, the statement today suggests that EBITDA losses from operations are on a declining trend. Were our (conservative?) CEO to suggest break-even EBITDA for the current year to be followed by substantial profitability in 2025/26, the shares would rocket.
I will certainly be asking that question at the post results meeting. |
Well we won’t have long to wait. If all cleared should give ITM a clean slate going into 2024/5 accounts and give even more confidence to potential customers. |
The hidden provisioning potential going forward is the unknown that the market doesn't like I guess |
Didn't mention cash position seems abit of a pointless announcement seem to remember them doing likewise last year it going down then every knowing what was happening in the full announcement |
or Barnes are they saving something bigger for results |
Moon look at it as an opportunity 😉. Dennis is sorting previous problems and now looking for sales with confidence. |
The amount of provisions affect the share price. From the last annual accounts they had roughly £44 million in provisions. My guess is that with the Yara project signed off as eventually completed some of these provisions can now be brought back in. What we need to know is are there any provisions left in the accounts. |
So the adjusted EBITDA loss between the 1st and 2nd half has fallen by roughly 50%.Looking forward to update on the 15th. |
It doesn’t matter what these guys publish
The shares never go up 😊
It is so safe for short sellers
Made me chuckle when I read the rns because they would have been better saving the money and publishing that with results |
1 day out with your prediction but not the news you were expecting |
Not bed. PLÌD THE 500MW and the red goes black. |
more great news |
Our trading update announced on 6 June 2024 stated that we expected the EBITDA loss for the 12 months ended 30 April 2024 to be between £39.0m and £44.0m, improving on the previous guidance of £45.0m to £50.0m.
The EBITDA guidance included a provision relating to disputes on legacy projects. We have now concluded these matters and can release the provision for FY24. Accordingly, with the audit nearing completion, we expect the EBITDA loss for the year to improve to between £30.0m and £32.0m.
Our preliminary results are due to be released on 15 August 2024. Details of the presentation for analysts and investors by Dennis Schulz, CEO, Simon Bourne, CTO, and Andy Allen, CFO, which will be held on that date at 9:00 a.m. BST, will follow. |
"In my mind it's always been about cost parity with grey hydrogen and whether this is reached with the help of government subsidies or a carbon tax on steam methane reforming (or both)."
That.
Plus, the other types of profitability, with some examples listed by Norbus (Post #7709): 'Think, Think, Think' - "All lead to profits".
Report, with economic data for Refhyne 1, available soon.
Consider this further though:
"...government subsidies or a carbon tax..."
Sold as ointment, but poisonous if not measured correctly.
..and who holds the measuring stick? |
The car industry was dead long before brexit. Other countries car manufacturing moved on while the UK still produced low quality mass produced cars and high quality low production cars. If the quality had been improved on mass production cars we would be on a par with Germany now.
After brexit we never negotiated selling our products into the EU in place of importing their cars. Weak government and not used to making decisions for themselves. |
nicebut - can you make your point without the language please. |
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