Itm Power Share Discussion Threads

[onehanded] 16/2/2024 08:46

90p will be seen this year, May not be as fast as some predict but thinking it will get to that level. After that would need some big news to get past 90p level

[grahamwales] 16/2/2024 08:42

Inventories 76,825 million

Combination of delayed deliveries and materials bought in ready for production.

[skinny] 16/2/2024 08:30

Thanks Graham.

[grahamwales] 16/2/2024 08:15

No idea who will be supplying this project, although 50mw doesn't sound like ITM.

[norbus] 16/2/2024 08:01

They have got a shot in the arm from a German Government 34 billion euro for Hydrogen.

[grahamwales] 16/2/2024 07:15

Just to confirm Lingen going ahead.

[gimmethefax] 15/2/2024 21:26

They would also understate if things weren't all rosey too, I do bear that in mind.

I'd say they are struggling with some things, non-technical, as all companies will be.

Who can predict the future? Clearly Shell are hesitant to act on earlier commitments - but ITM production issues did give them an excuse to pause too, in my opinion.

That FID is most interesting to me.

[gimmethefax] 15/2/2024 21:15

We don't always have to agree, but its good when we do; there are none better placed.

Nice surprises are always welcomed, so I agree, understating things would be pretty norm, for a business man of quality - always better to over-deliver.


Cost is becoming more and more important, and, as you know better than any, the uniqueness of the ITM stack puts ITM ahead in that regard. They can't compete. Dennis shares with us that the competition are raising prices, ITM didn't have to - evidence. I would say ITM will indeed raise prices over time, but this is our advantage - best in class - with the freedom to squeeze.

As GW highlights on the other thread, Plug Power ('the behemoth', the hydrogen darling, lol) is a full year behind working through teething issues, and still seem to be coming down from the fantastical hype that came with all things green hydrogen (it got us all).

They all might get squeezed out if pricing becomes super competitive. They just can't compete.


Did we get status updates for Leuna and/or Yara reference plants? ... Forgive me, I did watch the presentation, but was on the go so didn't really catch it all properly.

[thanatos abyss] 15/2/2024 20:37

Easing can be the only reason ..

A paper market on top of a paper market

🔥

[thanatos abyss] 15/2/2024 20:35

Funny thing was, most complained about the value of FTSE compared to others at those times too

Something has to give soon. Either way

US seems completely nuts now. China used to lead in data terms but they decoupled from that as soon as china started to collapse 😂

Recessions in many places now

Dont get that. US internal market no different to years ago. Worse actually

A time bomb coming

[thanatos abyss] 15/2/2024 20:30

Yet today, the 2001/2007/2019 patterns are all over FTSE today

[thanatos abyss] 15/2/2024 20:26

I feel like Michael Burry must have just prior 📈to property collapse

😂

[thanatos abyss] 15/2/2024 20:25

Reality and market universe ever align?

Staggering but it feels like the biggest con since told banks were fine in 2007

[thanatos abyss] 15/2/2024 20:21

Russian President Vladimir Putin has said he would rather a Joe Biden presidency over Donald Trump ahead of the US election this November.

Mr Biden was the more experienced, predictable person, he said in remarks sure to raise eyebrows

😂

[grahamwales] 15/2/2024 18:34

Looks like Lingen is a go 😁

[grahamwales] 15/2/2024 14:55

Majority of Costs if not all for RWE units already shown in previous accounts. Income from them will be net of materials IMO

[moontheloon] 15/2/2024 13:59

When they commission the rest of the gw with a profit for itm now that Is what we want/need

[moontheloon] 15/2/2024 13:58

Good bit of business considering it's also no margin work for itm

[grahamwales] 15/2/2024 13:20

Not sure but think it’s what RWE were waiting on 😁

100 MW to be commissioned in 2024, another 100 MW in 2025
To meet deadline, order placed despite pending IPCEI funding decision

[grahamwales] 15/2/2024 13:00

Commission approves up to €6.9 billion of State aid by seven Member States for the third Important Project of Common European Interest in the hydrogen value chain


Today, the Commission approved the IPCEI “Hy2Infra”, the third Important Project of Common European Interest in the hydrogen value chain.

[norbus] 15/2/2024 12:53

Gimme.. not difficult to agree with you on that for top quality assured PEM. I get a feeling they are doing their best to understate. The 2MW Plug and Play was announced only as it got delivered ..

[thanatos abyss] 15/2/2024 11:26

They say 2025 is the kill year. When mass global defaulting shows publicly etc. Well 2024 will be a hot primer for that

[thanatos abyss] 15/2/2024 11:24

Needless to say, Labour will now want the economy roasted into election. Start from as low a base as possible. Much like a CEO would like etc .

Be very hard for the city to bury dirt in this case in the coming months

[thanatos abyss] 15/2/2024 11:21

However if it's 100p by Friday close, il come back and take the flak 😂

[thanatos abyss] 15/2/2024 11:19

Point being, even if I had bullish reason for itm, which I don't ...couldn't buy it anyway . It's not a sector for bsd macro