Itm Power Share Discussion Threads

[glavey] 06/2/2024 05:48

"Wake me up at 258p - my purchase price."

Are you familiar with suspended animation?

[vlad the impaler] 06/2/2024 02:01

They can't make money. They can probably forget US subsidies......

(,Part of Sachs sell call id imagine - fully understanding America and it's market, and politics 12 months ahead )

Cash call coming pretty soon, before the penny drops in market

[vlad the impaler] 06/2/2024 01:57

ITM can't make money. Chasing subsidies in the US through the inflation reduction act

ITM Power has announced plans to enter the US market, enticed by the vast subsidies offered under the country’s Inflation Reduction Act.

[putinaire] 06/2/2024 01:35

Cev, you shouldn't have opened the boys PM

Link coming

[putinaire] 06/2/2024 01:29

Nice one
All be here tomorrow anyway

Then sbtx and opti for true specials

[danvandan] 06/2/2024 00:22

Right now, I am thinking this will go to £1 easily, but if there's news - and look at the number of newsfronts - this will be multiples of a £1. Confirmation of a big supply contract - how many customers are out there? It turns out there are dozens, possibly hundreds already. A buy-in by an oil major, an offer for the whole company - there are loads of potential buyers; the US, struggling to get going with H2, the Germans, already with a strong link, the Chinese and the arabs, constantly buying British businesses, the Indians... wonderful custodians of our steel industry...

Not to mention maybe 5% of the shares being shorted. 3.2% reported by
Ennismore Fund Management Limited (0.53%) and Helikon Investments Limited (2.68%). That's 18 million shares ontop of any investor-buying to be bought. They have got to be thinking that they've reached the end of the road with those positions now. The FCA hasn't updated its short spreadsheet today, but I feel certain we will see the shorts quietly exit any day now.

[danvandan] 06/2/2024 00:07

A lot of after hours trades above the UT price. Big buying by the look of things. I agree - 'overbought' is not an appropriate term here. If anything the shares were massively oversold. The shareprice is still barely at net asset value. The company has £250m in cash earning interest of £12.6m, plus millions in stock and materials. The IP, trained workforce, customer relationships, market dominance and future pipeline are all discounted to nothing. Current market cap; £380m.

For a new sector which is key to energy, especially now that Putin has shown the urgent need for energy independence to the UK and Europe, the valuation is ludicrously low. I think that it might be useful to recognise that the shareprice has been manipulated down by hedgefund shorters who have had things their own way for far too long. Now the market is getting involved.

If you want a chartist view, British Bulls is as good as anything (it's all tea leaves, right?).



Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 31/01/2024, 5 days ago, when the stock price was 51.52. Since then ITM.L has risen by +27.95%.
You may relax since our STAY LONG position is secure. The share price is above the confirmation level, and we still have the scope to let the profits run. The market action does not cast a serious doubt on the wisdom of going long.

[grahamwales] 05/2/2024 21:52

Overbought/Oversold isn’t that traders talk.

Just saying

[mj10] 05/2/2024 20:45

nice meaty after hours trades norbus

[moontheloon] 05/2/2024 20:09

Just let us get to a pound in February be nice and steady .ups and down .

[moontheloon] 05/2/2024 20:08

Let's face it skinny and juju were saying overbought up to 7 pound. They were right it was

[boris cobaka] 05/2/2024 19:29

Late trades again popping it over 10mil

[melton john] 05/2/2024 19:18

Same as JNEO eh skinny. Still waiting for a pullback there I am. :(

[boris cobaka] 05/2/2024 19:16

Overbought same as oversold are helpful to a degree but in certain situations can be misleading. Whether bull or bear the overbought or oversold indicator can become 'embedded' which basically means it can stay overbought or oversold for a greater period of time.
The most important move for this stock is that it has 'invalidated' at long last the lower high, lower low trend which it has been in since it peaked in Dec 21.
That is a 'MAJOR' move. With the huge volume associated with this reversal it pretty much confirms a new market trend.

[skinny] 05/2/2024 17:28

A rising price and rising volumes.

Indicators starting to rise - although arguably, its starting to look over bought.


free stock charts from uk.advfn.com

[institutional investments] 05/2/2024 17:07

I'm going to do something special, 'after' it plays out

I'm going to provide a link to something special, to see how it was really played

But until then, you must all

Suffaaaa

[gary_barlow] 05/2/2024 17:02

Joseph-no-mates.

[vlad the impaler] 05/2/2024 16:51

Probably having a good laugh watching the bulls celebrate, yet again 😂

[grahamwales] 05/2/2024 16:33

What happened to that Fanny Albert where is he now

[vlad the impaler] 05/2/2024 16:32

Absolute Mincer market now UK closed

😂

[vlad the impaler] 05/2/2024 16:30

"little seen...big shock"

[grahamwales] 05/2/2024 16:30

Waiting for 1635 pmsl