Itm Power Share Discussion Threads

[5barney] 31/1/2023 11:21

I liked a lot of what was said just not the dreary way it was presented
Company in trouble I wanna see the table getting slapped and some finger pointing
Linde make billions but when they lost a pile to the Russians they immediately cut 500 jobs
Now I’m not there biggest fan but they immediately posted increases with 500 less
I’m amazed there’s no job cuts here. Maybe that’s to come n then I’ll buy more

[grahamwales] 31/1/2023 11:21

Once Cooley finishes his notice period I would expect him to go as a consultant.

Perhaps the new motive CEO who may not actually now have a job can take over from Bone

[skinny] 31/1/2023 10:51

This one :-



Would you prefer something like an escaping gazelle being pulled down by a couple of cheetahs?

[grahamwales] 31/1/2023 10:44

No more treating shareholders cash like Monopoly money

[grahamwales] 31/1/2023 10:43

I liked the ship slide as was very true to how ITM have been performing.

You have to be honest with yourself and admit where the problems are in order to rectify them.

Cooley couldn’t see or accept them hence ITM were falling into a black hole

[moontheloon] 31/1/2023 10:39

What was the problem with it ?

[5barney] 31/1/2023 10:38

Dreadful. Was he bored fed up depressed disinterested or all
As for the ship does he think we need reminding
Was close to buying a few but after that I’ll pass

[markeveritt67] 31/1/2023 10:34

6/10, let's see what the next 6-12 months brings. Whoever approved the slide with a ship sinking needs to a fired today. There's ways in presenting negative news, and that ain't it!

[norbus] 31/1/2023 10:32

Impressive start for now ; more work to do ; no apology for misleading shareholders by Andy and the Chairman . No retribution re Cooley putting ITM at mortal risk. Both need to go. Good Dennis has got his right hand man on board . Honesty at last on orders and problems . The 10MW stack and 2 MW cube are sensible components . Never without risk
ITM will most likely prove its leadership of PEM .

Clearly RWE believes the ITM product is superior and ILE can deliver. That has to be good enough

[gimmethefax] 31/1/2023 10:14

Lights on.

[moontheloon] 31/1/2023 10:11

Did he say that... Didn't get to see the presentation

[secretsquirrel1] 31/1/2023 10:04

ITM now a division of Linde???

[folderboy] 31/1/2023 09:51

"Putting the house in order". Failings identified, transparency, a road map to turn things around. Having listened - pleased I hold, and haven't sold any. Will not be adding just yet though.

[grahamwales] 31/1/2023 09:46

Very positive meeting sounds like he wants to get stuck in and turn this around.

[bmel] 31/1/2023 09:35

Graham

Control - that is part of the reason we are not falling today.

And the fact that it will Germanic in nature adds further assurance that it will happen.

[grahamwales] 31/1/2023 09:33

New Linde engineering manager taking over today. Dennis starting to take control happy days to come

[skinny] 31/1/2023 09:32

I missed the name "he will start today"?

[folderboy] 31/1/2023 09:31

You have to love the line that most of the mitigation processes are "basic business processes". Taken a while.

[skinny] 31/1/2023 09:31

"While ITM is solidifying its foundations, competitors are facing (similar) challenges. The race has just begun".

[grahamwales] 31/1/2023 09:28

Demand is there can sell more than they can produce at the moment.

[clabburn] 31/1/2023 09:27

While not coming as surprise, financials made for grim reading but I like everything the new CEO is saying. It sounds like we have a seasoned engineer who knows exactly what he is doing. Narrow focus is absolutely the right approach. We should pretty much be looking at refineries, steel and ammonia projects and nothing else in my opinion. Joint ventures are fine but without projects (or even a reliable product at the moment) they are a drain on resources that we cant justify. The truth is that the market for H2 vehicles is going to be a very slow to emerge and reliant on government support. Im happy we are stepping away from this space for now.

Contracts for 2 x 100MW is great news. It gives the factory something to focus on. We now have 40+ stacks to build and an opportunity to turn things round.

The only disappointment for me is that we haven't seen any other changes in senior management yet.

ITM still have a golden opportunity in front of them but after three squandered years we have less margin for error.