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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Itm Power Plc | ITM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.70 | -1.36% | 50.85 | 10:56:53 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 49.26 | 49.26 | 51.85 | 51.55 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 17/4/2024 09:06 by gkace Huge buying at IES. Must be a big name tier 1 investment incoming Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to provide the following update on its discussions with strategic investors. The Company has made significant progress towards securing a material investment from multiple strategic partners who have each completed comprehensive due diligence on Invinity and are now working towards finalising binding investment agreements. Invinity is extremely pleased that this includes a proposed investment by a Tier 1 investor which, if concluded, will materially enhance the Company's business and reputation in both the UK and internationally. |
Posted at 21/3/2024 08:24 by vlad the impaler Forgot, I have to help investors at the DVA few LT hold shares have struck sell or hold prices today |
Posted at 19/3/2024 22:34 by danvandan barnes, no I will not. Think about this; a few weeks ago ITM put out a set of results that showed how the business is getting very close to break-even and thereafter, profitability. It's no longer years away. It could be just a matter of months, if a few of the big projects actually get started, assuming that ITM wins contracts.When they put out those results and the presentation, the shareprice went up dramatically. At the time, I thought it was strange that the hedgies shorting this didn't exit. Not only have they not exited, one of them actually increased their short. Why do that when all the evidence points to the shareprice as having already bottomed, and the company's prospects look good? Look at the number of just small green hydrogen projects that are getting government funding support - HAR1. Two or three of these would transform ITM's profitability. All are in planning limbo. But there are so many, plus the Linde partnership, that ITM looks like an obvious high value business. They've got enough cash to run without ANY profits for at least two years and maybe more. But despite all of that, hedgefunds felt that increasing their short was the right thing to do. Why? It can only be because they are confident that they have found a small publicly traded business with plenty of small investors who will sell if the shareprice hits small investor stops. The chart is stop-hunting every day. Sell a little, trigger a stop, then the small investors sell and start a chain of selling, more stops triggered. When the selling stops, sell a little more, find new stops, and so on. This will go on until something big happens. The share price could be 45p in a week. It takes a big institutional investor to just buy up every sell. When the hedge funds meet a big institution on the other side of every trade, buying everything they can sell, then they will not be able to manipulate the price down and they might think about exiting. |
Posted at 27/2/2024 12:41 by grahamwales They will have investors that follow their advice I guess |
Posted at 26/2/2024 15:22 by vlad the impaler Trading is easy isn't it. Feel sorry for investors really |
Posted at 07/2/2024 13:31 by baldrick1 Oh I see..what I know is this..large investors willingly lend stocks to short sell and then buy back when it meets its objective and then prices go up..win win on both ends..same large investors (hedge funds) eg Helicon funds Blackrock etc.;))) |
Posted at 02/2/2024 14:13 by danvandan Interim Results for the Six Months to 31 October 2023Interim results summary · Revenue £8.9m (H123: £2.0m) · Adjusted EBITDA loss £21.0m (H123: £54.1m)* · Cash at the end of H124 of £253.7m (H123: £317.7m) · Robust financial performance leading to improved full-year guidance: o Revenue confirmed; o EBITDA positively narrowed, and; o Cash materially improved · 12-month plan successfully completed: o Product portfolio narrowed for standardisation and volume manufacturing o Greater capital discipline, cost reduction, and improved processes achieved o Manufacturing and testing debottlenecked, and automation increased · Project delivery performance improved; embraced by existing and upcoming customers · Market reach substantially extended, opening sales opportunities in new world regions · Strategic priorities post 12-month plan defined, reflecting the dynamic between expected long-term and near-term market development, necessitating readiness and flexibility, whilst maintaining a strong balance sheet: o Remain at the forefront of technology, product and delivery credibility o Scale operations whilst retaining flexibility and conserving cash o Grow global footprint and reach whilst staying adaptable · Full details included in the interim review below *Adjusted EBITDA is a non-statutory measure. The calculation methodology is set out in the Note 3 Dennis Schulz, CEO ITM, said: "I am pleased to report that we have completed the implementation of our 12-month plan on time. The first half of the financial year already paints the early picture of a new ITM, which starts to be reflected in our improved financial results. We have accomplished what we set out to do in the last 12 months. Our plan successfully addressed the most pressing issues to right the ship. It has made ITM a stronger, more focussed, and more capable company. We have achieved a shift in culture, and the transformation of the company has tangibly improved our project delivery performance. We now have a strong foundation for growth. The long-term trajectory for green hydrogen remains an unparalleled opportunity. As I reflect on the more near-term market ahead, we will be operating in a complex environment. This ranges from a massive long-term opportunity just waiting to be captured, to dynamically developing markets emerging at different speeds, and short-term macroeconomics currently slowing down market acceleration. With the unchanged need to decarbonise, demand is not reduced but simply piling up, and will cause exponential growth thereafter. The most important attributes for ITM will be readiness and flexibility, and to maintain a strong balance sheet which necessitates continued spending discipline. We will remain at the forefront of technology developments and continue to establish ourselves as the most credible OEM for commercial and especially large-scale projects." A presentation for analysts and investors by Dennis Schulz, CEO, and Andy Allen, CFO, will be held at 9.00am GMT. The presentation will be via the Investor Meet Company platform. Questions can be submitted pre-event via the Investor Meet Company dashboard at any time during the live presentation. Analysts and investors can sign up to Investor Meet Company for free via: Those who already follow the Company on the Investor Meet Company platform will automatically be invited. A recording will be made available on the Investor Relations section of the ITM website after the event. For further information please visit www.itm-power.com |
Posted at 31/1/2024 07:02 by skinny Dennis Schulz, CEO ITM, said: "I am pleased to report that we have completed the implementation of our 12-month plan on time. The first half of the financial year already paints the early picture of a new ITM, which starts to be reflected in our improved financial results.We have accomplished what we set out to do in the last 12 months. Our plan successfully addressed the most pressing issues to right the ship. It has made ITM a stronger, more focussed, and more capable company. We have achieved a shift in culture, and the transformation of the company has tangibly improved our project delivery performance. We now have a strong foundation for growth. The long-term trajectory for green hydrogen remains an unparalleled opportunity. As I reflect on the more near-term market ahead, we will be operating in a complex environment. This ranges from a massive long-term opportunity just waiting to be captured, to dynamically developing markets emerging at different speeds, and short-term macroeconomics currently slowing down market acceleration. With the unchanged need to decarbonise, demand is not reduced but simply piling up, and will cause exponential growth thereafter. The most important attributes for ITM will be readiness and flexibility, and to maintain a strong balance sheet which necessitates continued spending discipline. We will remain at the forefront of technology developments and continue to establish ourselves as the most credible OEM for commercial and especially large-scale projects." A presentation for analysts and investors by Dennis Schulz, CEO, and Andy Allen, CFO, will be held at 9.00am GMT. The presentation will be via the Investor Meet Company platform. Questions can be submitted pre-event via the Investor Meet Company dashboard at any time during the live presentation. Analysts and investors can sign up to Investor Meet Company for free via: Those who already follow the Company on the Investor Meet Company platform will automatically be invited. A recording will be made available on the Investor Relations section of the ITM website after the event. |
Posted at 24/1/2024 11:34 by institutional investments Baldrick, you don't give them any credit. They are head hunted by buy side funds for risk departmentsThey are investors just like you Far more moral "Investors in Truth" |
Posted at 18/8/2023 07:58 by norbus ITM in the NewsHydrogen equipment maker ITM hails 'tangible progress' on recovery UK hydrogen equipment maker ITM Power said it was making “tangible progress” on its turnaround as it posted annual revenues that beat expectations following a string of profit warnings in the past 12 months. The Sheffield-based manufacturer of electrolysers used to produce green hydrogen, which is central to global ambitions to cut carbon emissions, generated revenue of £5.2mn in the year to the end of April, ahead of guidance of £2mn. The update comes amid a drastic overhaul at ITM aimed at simplifying the business and cutting costs, after the start-up issued three profit warnings over an eight-month period to mid-January. ITM posted a 7 per cent decline in annual turnover on Thursday and a more than doubling of pre-tax losses, to £101.2mn, having warned investors earlier in the year to expect steeper losses due to delays to deliveries on contracts and inventory writedowns. The start-up, founded in 2001, is one of Britain’s biggest hopes for a homegrown manufacturing champion in the energies of the future. However, it has struggled to make the transition from technology developer to a mature manufacturer. Chief executive Dennis Schulz said on Thursday it was “encouraging to see the amount of progress” the company had made since the launch of its turnaround plan earlier this year, adding it was on its way to “becoming a highly efficient and reliable volume manufacturing company”. Schulz took over as chief executive from Graham Cooley in December, moving from his previous role in the engineering arm of ITM’s biggest shareholder, Linde. He pledged to regain the trust of investors and customers, including by reducing the company’s product range and cutting headcount by a quarter. Hydrogen is a relatively niche product used mainly in refineries and chemicals plants but is considered crucial to the shift away from fossil fuels because it does not produce carbon dioxide emissions when burnt. Electrolysers are used to split water into oxygen and hydrogen. The alternative method of producing hydrogen — splitting it from natural gas — generates carbon dioxide emissions. The International Energy Agency estimates electrolyser capacity will need to grow to about 560GW in 2030, up from an estimated 3GW this year, to meet clean energy goals. In its results on Thursday, ITM also flagged a “temporary slowdown” in investors giving the green light to new projects due to high electricity prices, inflation and uncertainty about government support. However, ITM Power said this had given it “breathing space required to focus on implementing” its turnaround plan. Alex Smith, analyst at Investec, said the company’s recovery plan was “on track” and it was “successfully gearing up”. ITM said it now expected to make revenue of £10mn-£18mn in its 2024 financial year, with an adjusted loss (earnings before interest tax depreciation and amortisation) of £45mn to £55mn. ITM shares climbed almost 5 per cent per cent in afternoon trading to 91.46p. |
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