Btw, this is easily one of the best threads on advfn and I'm aware of the sustained effort that has been put in by the stalwarts here. This is what advfn should be; genuine discussion, and a lot of people who've really put the hours in, in terms of research and sharing their insight and news stories with everyone else. Thanks for your efforts. |
 Graham, I agree. For the moment, at any rate, but things could change very quickly (I imagine I'm stating the obvious here, but given we are momentarily experiencing a downturn, I feel it should be said). I reckon the worst part of the full yr report was the outlook for next year, but I read that as being informed by the character of the CEO; he is a pragmatist and honest, so when he does eventually step forward with a big forecast, it'll carry a lot of weight.
The 500mw capacity reservation looks like a potential turning point in that it's 5 times the size of the already significant Refhyne order and would, I think, be transformative and push the business beyond breakeven straightaway. Assuming the rest of the world keeps pace and it's not a one-off (how could it be?) my guess is that there'll be no turning back for the shareprice at that point.
In the meantime, this share has become a trader's toy. Volume is large for such a small niche business and at this moment, I reckon the shorters and market maker will be stop-hunting to their hearts content, pushing the price lower until the next round of excitement. |
They are not spending £50m cash per annum. A lot of it will go into WIP and debtors as the orders rapidly increase. |
Unfortunately seems the market has lost patience with ITM. Shame really as thought 2025 would be the turning point. Looks like will have to wait till 2026 and beyond fingers crossed. Spending £50 million cash per annum is a bit to much. |
Agree. The business now looks very solid. I still cant believe how many fundamental mistakes were made during the final years of the Cooley era, basically shipping unfinished designs and bodging it on the job, but I do regularly take thanks for the fact he got a massive fund raise away back in 2021. I dread to think how the last 18 months would have gone without the cash cushion in place. As things stand, we have enough runway to reach 2026/7 at which point we should be pretty close to being as self-sustaining business. |
No - if they have information about the closure of orders on that pipeline, which I hope they do, they're inside and can't deal. |
if its only a pipeline it doesn't mean they are actual orders if they were they would have to announce to the market.
The same goes for information that would effect the share price it would have to be announced. Now that the accounts are out the way they are allowed to buy. |
If the pipeline is anything like what they say it is, they'll all be in possession of privileged information and therefore barred from that. |
We sre still paying for the sins of Cooley. I suspect the bath of 90 was not quite enough. However the near future looks good and will get better |
Think its about time all directors actually buy shares from the market if they are confident of the future. |
at the moment we seem to be in a situation where are costs are increasing short term to allow income to increase considerably medium term. |
hxxps://youtu.be/YUrj1CNrLRo?si=qcwypEYRzqfowXU7 |
Disappointed but not surprised to see the drop yesterday. Anyone with a basic understanding of the project cycle for large investments will know that for an OEM like ITM revenue comes mostly at the end and our really big projects start to kick in from 2026 onwards. In the meantime we will continue signing contracts and establishing the processes necessary for the factory to start running as a well oiled machine as it scales up. Lots to feel positive about. Just a question of timing now. |
Yep and the clown on LSE board is claiming they are recommending a sell. False and misleading to say the least. |
FWIW :- Berenberg cuts ITM Power price target to 59 (60) pence - 'hold' |
Actual
Revenue £16.5m (FY23: £5.2m) in line with the £10m to £18m guidance, a more than threefold increase year-on-year
· Adjusted EBITDA* loss £30.4m (FY23: £94.2m) well ahead of the £45m to £50m guidance, reduced to less than one third of the previous year
If the same can be repeated in 2025 it looks a lot healthier.
2025 forecast
Revenue expected to be between £18m and £22m
Adjusted EBITDA loss of £35m to £40m |
Cooley left a lot of damage holding ITM back even now.. WORRYSOME why EBITDA increases to 35- 45 for YE 25 |
Bought in at 53p..should be a good base for future upside . |
willoicc
I agree but as with renewable electric governments need to be consistent. If they say they are committed to reduce carbon emissions then they have to partially fund it as there is no incentive for companies to invest billions if governments say one thing and do another.
If governments can't afford to invest then they have to force companies to reduce carbon by taxing it. Then possibly use that money to reward companies who are keen on carbon reduction. |
Is there a broker note this morning on ITM ! News item on ADVFN but as usual nothing on site |
Buy where there is fear |
Graham no matter what any government does, companies will still take their own time deciding whether any new product is right for them. They will not be rushed. |
This is the statement I’m most interested in. As we already know, this guy is no blagger.
“strategically extend our portfolio, currently under development, with a larger capacity, game-changing stack platform to widen the gap to competition further” |
Message to the UK government should made loud and clear. If labour are serious about creating green jobs then they need to get on with it and stop talking about it.
Sheffield-based green hydrogen firm ITM Power has announced that it cut its staff headcount by 30 per cent during the year. Across the Company, including production, the firm said that staff and employment costs had also reduced from £24m to £21.2m, reflecting the impact of the restructure |
From what Dennis is suggesting 😉 ITM are already making electrolysers in order to meet future demand and to prevent a bottleneck in production. Now you could say it’s a risk but from what I have learned Dennis doesn’t take risks so read into it what you will.
He also highlighted the importance of the Shell contract and the rigorous audit they carried out prior to placing the 100mw order.
This should give other companies a great deal of confidence in ITM’s products when considering future supplier’s of electrolysers.
My guess is that we will see further orders/capacity reservations within the next 6 months. |
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