Itm Power Share Discussion Threads

[skinny] 31/1/2023 14:48

Just listening again to the presentation starting @57:25 and particularly 58:03 -> 58:52 is quite refreshing and an obvious slite aimed at others in the arena.

[1knocker] 31/1/2023 14:30

Sounds as though grahamwales has screwed up again, and has gone in deep on the hype without looking at the fundamentals!

[moontheloon] 31/1/2023 14:28

Just keeps churning today... Might get some reratings now. How long have we waited for news and they slip 2 x 100mw In with no individual fanfare. Crazy

[grahamwales] 31/1/2023 14:23

😁 just saying it how it is bit like Dennis.

Skinny


Will try my best. 😏

[mj10] 31/1/2023 14:22

dennis I hope

[norbus] 31/1/2023 14:20

we got there then! Who will buy?

[mj10] 31/1/2023 14:11

i thought he was too civil

[skinny] 31/1/2023 14:09

This Morning's webcast is now available - see the "Presentations and Research" link in the header.

Graham, please keep it civil.

[grahamwales] 31/1/2023 14:01

So do shorters close and take profits or increase to try to stop the rise

[mj10] 31/1/2023 13:57

hit the quid and in auction

[norbus] 31/1/2023 13:55

As the other leaders in the game, put their hands up, so ITM's order book will grow.
Plug pulling out of FF in Aussie will put a 2GW next to RWE's 2GW, Yara's 2GW etc

I give it 6 months, 3 times the time Dennis landed running to run like a swiss watch. More Dennis elite executives will want to come on the trip to Zero at the head of the field

Call me an optimist, and watch

[clabburn] 31/1/2023 13:44

Just finished watching the presentation. I still cant believe they shipped product to customers with an unfinished design. We have been spectacularly failed by the board and CFO. They clearly were out of their depth and rather than come clean to customers and investors about the fact the product needed more work, decided to wing it and hope for the best. Looking back at previous RNS announcements and presentations its hard to shake the feeling that we were totally misled and at times lied to. Very little accountability. Cooley has retired but no-one in an operational role has been sacked for the mistakes made as far as I can see.

On the positive side, they have someone in place now who can turn it round, refreshing transparency and straight answers. Crazy that he has had to introduce 'business basics' despite all the expensive hires made by ITM over the past 3 years. The fact they are building product now for Leuna and Yara was reassuring and provides some very clear short term milestones we can measure progress by. It now looks like 2025 will be the year the company reaches scale and maturity - so about 2 years delayed from my original expectation.

On the management side, I agree with Norbus. At this stage its probably good to have a useful idiot in the CFO role who will do what he is told. Im sure a proper professional will be brought over in due course.

[norbus] 31/1/2023 13:31

They will queue now RWE CONFIRMED THE SUPERUIRITY..

[1knocker] 31/1/2023 13:18

this is not the market in which to be investing in loss making companies dependant upon govt handouts. Think of BritishVolt.

[grahamwales] 31/1/2023 13:11

It shows what Dennis has to do to get the ship on the level one of which is already addressed.

[grahamwales] 31/1/2023 13:09

Wonder if Dennis has bought any today or any new institutions.

Also will brokers take a more positive view on the future of ITM

[markeveritt67] 31/1/2023 13:06

It implies we are already sinking. We are bleeding cash but if they want to use a boat analogy then perhaps use the ship afloat but lower in the water. Would you put more money into this if you saw that, not me. Let's all hope they get bailing soon.

[5barney] 31/1/2023 12:40

In my three years of investing here, this is the first update or presentation where price has risen
Has to be a good sign so I’ve waded in for a paddle and I am pleased perhaps the sun is shining

[mj10] 31/1/2023 12:38

not far to go now