Itm Power Share Discussion Threads

[skinny] 14/8/2023 08:52

Moontheloon - it doesn't really matter what I (or any of us) think - its how the market perceives the move - so far, pretty indecisive, indifferent even.

At this point in the game, building your house upon the rock is the best plan?

[grahamwales] 14/8/2023 08:51

Motive still advertising vacancies

[garybrandon] 14/8/2023 08:46

How much evidence do investors need that all is not well, market cap is way over priced for the massive losses here, institutional shorts all over ITM like a rash, delayed results now pulling out of major projects to try stem losses

[baldrick1] 14/8/2023 08:42

Motive losses will reveal reduced overall revenues..shorties will win on their wager

[grahamwales] 14/8/2023 08:29

Moon now you’re on the right track matey. If it is element 2 they have plans to expand hydrogen refuelling business so good fit for them and good for ITM offloading it.




Not long for investor meet so let’s see what comes out of it.

[albert35911] 14/8/2023 08:26

Not affected share price has it,though plenty will have wanted it to.

[moontheloon] 14/8/2023 08:18

ITM Power announced a non-binding head of terms for the sale of its hydrogen refuelling stations business Motive Fuels Ltd. This follows a review of strategic options for the unit that ITM announced back in January. ITM said one of its three priorities in its 12-month plan is increased cost and capital discipline, and the exit will free up GBP28 million to put towards its core business of making electrolysers. "The sale of Motive will allow us to devote our time, attention and capital resources on our core competencies, to ready the business for scaling up to capture the significant growth opportunities that lie ahead of us," said Chief Financial Officer Andy Allen.

[baldrick1] 14/8/2023 08:13

Today is the start of the journey down.

[grahamwales] 14/8/2023 08:13

Accounts are for end of April 🙄

[grahamwales] 14/8/2023 08:10

Hope you lot are not shorting this. It’s not going to end up well for you 😁

[moontheloon] 14/8/2023 08:09

Wonder how it's represented in the delayed accounts?

[institutional investments] 14/8/2023 08:08

I'd just watch the share price Not much else to watch here

[sambocoole] 14/8/2023 08:08

Non binding heads

[grahamwales] 14/8/2023 08:08

II

Making yourself look silly now 😂😂😂

[institutional investments] 14/8/2023 08:07

As soon as liquidity dries up on the news re no more Gerbils misinterpreting it this morning , ↘️͜0;️↘5039;

[grahamwales] 14/8/2023 08:05

Cooley is now taking it back 😉

[institutional investments] 14/8/2023 08:05

10p soon

Only a question of which date it strikes

[grahamwales] 14/8/2023 08:03

It’s a non binding agreement m. It was also a non profitable business and was going to eat up cash that will now be spent on development of electrolysers which is what ITM are good at

[pugugly] 14/8/2023 08:01

Cooley left long time ago - but was he responsible for the initial contract?

[moontheloon] 14/8/2023 08:00

If they had a figure gw they would have highlighted it. Heads of terms they've talked figures, itm just want money back tactically. To go back to core

[book5] 14/8/2023 07:59

Poor planning at best