Itm Power Share Discussion Threads

[cordwainer] 08/12/2022 06:35

Year end cash forecast given as circa £250M giving 3 to 4 years runway at the current cash burn. Will continue to drift lower without more supportive (UK and EU) government policies and incentives, but we all know about the predominant short-termism and short-sightedness there. #resigned_holder

[vlad the impaler] 08/12/2022 06:21

Buywell arrives

Pretty much everything he says comes to the fore one day

Looks like faith sealed here

[norbus1] 08/12/2022 03:57

Helen Cahil of the Times wrote on 2.22 a similar article about delayed results . Was she jilted seeking an unterview and wrote vomiting sour grspes?

I could not find the author of the piece reproduced by Supernumerarý

[norbus1] 08/12/2022 01:17

The Times article writer sounds bitter sitting under a fallen sky with no tomorrow. No one of a sound mind vision añd eyesight writes from such a dark myopic vieepoint.

Where is the balance in the article? Given Schulz pre-appointment close proximity to ITM , why does the Times fail to take the view that he rejected taking a bath on 8th December because he is confident to show the Olive Twig at the end of January , in line wirh earlier calender

Why would a Linde Star take on such a risky appointmenr and fall out of the bright firmament

Why fail to show oùtput from the peer group given the knock on effect of the Wuhan plague

Why no attempt to get an update from the company but rely on reinterpreting Jeffreys work, yet follow the short hit list?

I can go on but rather leave it to sound minds to deliver their own reasoned judgements.. DYOR

[gimmethefax] 08/12/2022 00:45

For interest, Plug and Nel cash balance:

Plug, $3.5B

Nel, ~$392M

[gimmethefax] 08/12/2022 00:22

Well now that's not good for anybody is it?

Or is it?

What else is hidden?

""The enemy is an old enemy and is known," Borio said, referring to inflation. "But it's a long time since we have been fighting this battle".

When did this battle begin, and why?

There's some questions to think about.

[gimmethefax] 07/12/2022 23:07

Arthur pound?

[oapknob1] 07/12/2022 23:04

How low this time ?

[gimmethefax] 07/12/2022 22:56

Re-posted: Cr. norbus1

[gimmethefax] 07/12/2022 22:54

Careful, norbus. The share price dropped earlier and the maggots are feeling bold enough to talk again.

Juju even tried.

[norbus1] 07/12/2022 22:26

Coòley the Strategy Consultant

[supernumerary] 07/12/2022 21:40

The Times:

ITM Power

Hydrogen power specialist ITM Power has suffered an epic fall from grace over the past two years. An obscured revenue stream and a high level of cash burn mean there is plenty of room for more profit warnings to materialise in the coming months.

The company has lost just over 80 per cent of its value since the start of last year, after a ferocious rally in the shares during the pandemic. The stock is the fourth most heavily shorted in London, behind fast fashion giants Boohoo and Asos and wine delivery firm Majestic Wine.

ITM specialises in making electrolysers used in manufacturing “green” hydrogen from renewable energy sources, seen as crucial to the transition to net zero. In October it warned that manufacturing issues had led to production delays of its new electrolysis technology. Without testing the products, it is also harder to place an accurate estimate of what provisions ITM needs to take for warranties on the equipment. But provisions may need to “materially increase” from the £3 million accounted for at the end of April this year. The upshot? Revenue is expected to come in at the bottom end of the £23 million-£28 million range, but that depends on the tooling equipment required to complete production of its new technology arriving on time, Jefferies points out. If there are further delays, there is “material̶1; risk to revenue guidance being hit at all, it reckons.

Analysts at Jefferies forecast losses before taxes and other charges for this financial year of £51.5 million, higher than the £46.4 million previously forecast. The investment bank also expects increased losses next year of £52.4 million.

On a statutory pre-tax basis, there is no profit in sight. Product development and manufacturing costs mean the group has burnt through a lot of cash. Even after plans to cut inventory levels, management expects cash balances of £320 million to decline to £240 million-£270 million by the end of April. A trading update due this week has been delayed until next year while its new boss Dennis Schulz decides how best to address the issues. There seems to be scant possibility of the shares making any progress any time soon.

ADVICE Avoid

WHY There is a high chance of another profit warning

[buywell3] 07/12/2022 21:16

Deferral of Trading Update

The raising of more cash could now come sooner rather than later methinks

[melegramforttongo] 07/12/2022 20:35

An angry Gimme cannot contain himself this evening .
I think he has hit the bottle after another dreadful day on the market .

These guys , they just need to admit they got it wrong .

[vlad the impaler] 07/12/2022 19:47

Best broadcast yet for ITM

[juju44] 07/12/2022 19:41

Wise words . You followed nuthead Norbus and look what happened to your wealth

[gimmethefax] 07/12/2022 19:22

It's what legacy media always do...they get someone to say Yea, and then get someone else to say, Nay.

So the viewer leaves no better informed.

Better still, if it causes a minor arguement in the household.


Did you leave feeling better informed..?


Feel free to ignore me Moon, melegram is going to show you why I shouldn't be trusted, at all.

Although, I have even suggested to you all myself to be 'careful who you follow'.

[gimmethefax] 07/12/2022 19:15

Take your time...


And while you are scrolling, have a think...

Ever wondered why the only company you can keep on ADVFN is 5barney..?

A verifiable and compulsive liar.

Is it because you speak so much truth and wisdom?

[moontheloon] 07/12/2022 19:12

Ch4 news just stated the future is hydrogen and electric... Interviewee defending re opening of coke mine said only coking coal can create steel... His argument... We know different or hope different