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Share Name Share Symbol Market Type Share ISIN Share Description
Itm Power Plc LSE:ITM London Ordinary Share GB00B0130H42 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 256.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
257.50 258.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 4.59 -9.32 -2.90 1,222
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 256.00 GBX

Itm Power (ITM) Latest News (2)

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Itm Power Investors    Itm Power Takeover Rumours

Itm Power (ITM) Discussions and Chat

Itm Power (ITM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-22 12:44:42259.004361,129.24AT
2020-10-22 12:44:42258.50328847.88AT
2020-10-22 12:44:42258.50236610.06AT
2020-10-22 12:44:22258.501,0002,585.00O
2020-10-22 12:44:03258.50270697.95AT
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Itm Power (ITM) Top Chat Posts

DateSubject
22/10/2020
09:20
Itm Power Daily Update: Itm Power Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker ITM. The last closing price for Itm Power was 252p.
Itm Power Plc has a 4 week average price of 240.50p and a 12 week average price of 228p.
The 1 year high share price is 366p while the 1 year low share price is currently 46.90p.
There are currently 477,461,258 shares in issue and the average daily traded volume is 1,809,272 shares. The market capitalisation of Itm Power Plc is £1,222,300,820.48.
22/10/2020
19:00
skinny: For clarity and thread integrity :- Final Results. ITM Power (AIM: ITM), the energy storage and clean fuel company, announces preliminary final results for the year ended 30 April 2020. The full annual report and financial statements will be available on our website shortly. HIGHLIGHTS Developments In the last 12 months: -- Strategic partnership with Linde announced in October 2019 and formation of ITM Linde Electrolysis (ILE) GmbH joint venture, allowing ITM Power to focus exclusively on the manufacture of electrolysis equipment for larger scale systems -- Commercial partnership agreement with Snam S.p.A. (one of the world's leading energy infrastructure operators) announced today, including a GBP30m strategic equity investment in the Company, together with an initial 100MW preferred supplier indicative commitment to 2024 -- Proposed equity fund raise of GBP150m (including the Snam investment) plus an up to GBP7m open offer (to existing shareholders) to accelerate the Company's development also announced today -- Record current backlog of GBP118.7m (previous high GBP55.0m) and tender opportunity pipeline of GBP324.9m (GBP263m as at June 20) -- Near completion of the worlds' first Gigafactory at Bessemer Park, Sheffield, expected to reach annual production capacity of 1,000MW per annum by end 2023 -- EU funding of EUR150 billion announced for green hydrogen in the 10 years to 2030 -- A total of five European governments have now stated explicit electrolyser targets for 2030: France 6.5GW, Germany 5GW, Spain 4GW, Holland 3-4GW and Portugal 2GW FY2020 Financials: -- Transition year with revenues and EBITDA adversely affected by COVID-19, Brexit and the adoption of IFRS 15 -- Total Revenue & Project Grant Funding of GBP5.4m (2019: GBP17.5m) down 69%, comprising: o Sales revenue: GBP3.3m (2019: GBP4.6m) down 28% o Collaborative grant income recognised: GBP2.1m (2019: GBP12.9m) down 84% -- Loss from operations GBP29.4m (2019: GBP9.3m), -- Adjusted EBITDA loss (see note 7) GBP18.1m (2019: loss GBP7.3m), increased 148% -- Available cash balance of GBP39.9m at year-end (2019: GBP5.2m) Graham Cooley, CEO, commented , " 2020 has been a transformational year for ITM Power. We attracted a strategic investor and joint-venture partner in Linde, the world's largest speciality gases company, we strengthened our balance sheet so that we can take full advantage of the rapidly expanding green hydrogen market and we put the finishing touches to the world's largest electrolyser factory in Sheffield. I believe we have the right products at the right time and the capacity to produce them at scale. Today's partnership agreement with Snam and the fund raise means that we are very well positioned for the future." Sir Roger Bone, Chairman, added, "One of the long-term impacts of Covid-19 will be to accelerate green strategies as part of a recovery package for individual economies. As such, I see ITM Power, with the capabilities it has developed, the new factory in Bessemer park, and its strategically-aligned partnerships with global companies very well placed to offer solutions to the demand seen in the global market. Our staff are our greatest asset and I am consequently delighted that we have been able to establish a new incentive scheme for all our employees " ITM Power to Raise a Minimum of GBP150.0 Million. ITM Power PLC said Thursday that it intends to raise a minimum of 150.0 million pounds ($196.0 million) via a strategic investment, a conditional placing, and nonunderwritten open offer. The London-listed hydrogen energy solutions manufacturer said the strategic investment will be of GBP30.0 million at 235 pence per share from energy infrastructure operator Snam SpA. The conditional placing will consist of GBP120.0 million with certain existing and new institutional investors, while the nonunderwritten open offer will be for up to GBP7.0 million, and both of these at the placing price. "The net proceeds of the fundraising will be used by the group principally to enable an acceleration of the group's technology, manufacturing and operational capabilities in response to the rapidly growing global demand for large-scale electrolysis," the company said. It said the firm placing was being conducted through an accelerated bookbuild. The company added that is has also entered into a commercial partnership agreement with Snam, conditional upon the successful completion of the share subscription. Under the agreement the company will the preferred supplier for the first 100 megawatts of polymer electrolyte membrane electrolysis projects ordered by Snam. "Our agreement and preferred supplier status with Snam more than doubles our contract backlog, a signpost of future revenue measuring amounts under contract and in the latter stages of negotiations, to GBP118 million while our tender opportunity pipeline, where we have provided written quotations over the last 12 months, now stands at some GBP325 million," Chief Executive Graham Cooley said.
16/10/2020
21:50
gerry123: I hope the creation of ILE did not include giving ILE the exclusive right to manufacture electrolysers or even worse all future ITM products Because Despite the 1GW capacity of the new factory The global rush to hydrogen makes it impossible for ITM to become the market leader in this upcoming global business without having both a manufacturing and a maintenance footprint in each of the major economies within the next 2-3 yrs. I exclude China for obvious reasons. Or put another way The demand for mega size Electrolysers is very likely to be growing exponentially by 2025. Global capacity shortages will tempt some major countries to choose between scaling up unproven medium size locally made electrolysers and delaying their hydrogen roll out. The anxiety caused by climate change will only increase this pressure. Meanwhile ITM are the PEM Electrolyser Sector Leader in size, reliability, cost, back up maintenance and operating experience. They also have the most expertise in pem bop and hydrogen generally. Indeed the expertise of ITM boffins has long been recognised on Hydrogen Research and Development Forums within the UK and the EU. From a global commercial standpoint The obvious and inevitable next stage is the long awaited beating of paths to ITMs door by major companies seeking an opportunity to manufacture Electrolysers in volumes at least comparable if not greater than the capacity of the new factory in Rotherham. The surplus capacity facing some major manufacturing companies due the current pandemic will cause them to actively seek new product opportunities in the growing green economy. So This in turn will inevitably lead to requests for ITM to licence production at multiple sites with a major part of the start-up cost subsidised by foreign governments In this scenario ITM and Linde may have conflicting interests. Linde will be aiming to transition its entire business to become a green supplier of multiple gases with hydrogen eventually becoming their dominant product and the “free” green oxygen also produced at 8 times the volume of hydrogen also becoming a profitable by product. This suggests Linde`s internal demand for electrolysers for their own use or to sell to their current blue hydrogen customers could easily consume the output of the Rotherham factory for its initial 3-5 yrs. ITM on the other hand would profit enormously by becoming the provider of hydrogen excellence know how and the source for training installation and maintenance personnel to licenced manufacturers How ITM are positioned to exploit this market will depend on how the relationship with Linde has been structured and the degree to which ITM can seek other partners to manufacture under licence The market potential is truly enormous as ITMs Marcus Newborough envisaged in a seminal appendix to the ITM IPO document back in 2004. He clearly identified that Electrolysers and not Fuel Cells should be the initial priority for the fledgling business. He has been proven to be correct >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Extract from Marcus Newboroughs 2004 Report in the ITM IPO Document Thus a substantial shift in the UK to electrolytic hydrogen implies very large demands not only for renewable energy technology but also for electrolyser technology. A global shift to electrolytic hydrogen could lead to a total requirement of several hundreds of GW of electrolysers. For example, if by 2050 only 10 per cent. of the global energy requirement of 200,000TWh was met by electrolytic hydrogen, the associated hydrogen requirement would be about 6,670 billion m3, and the electricity requirement for electrolysis would amount to about 26,680 TWh (i.e. * 3000GW continuous of installed electrolysers) Hence, the new market potential for electrolysers dwarfs the existing market potential and on a global scale the potential appears truly vast
15/10/2020
12:19
leoboy: all of you pay attention : 5pm deadline - "Questions" ! - there must be a myriad of them ! Shareholders are invited to submit any questions for the Board to consider in respect of the business of the AGM. Questions should be submitted by email by sending them to AGM@itm-power.com by 5.00 pm on 15 October 2020under the title "ITM Power Shareholder Questions" and should include any shareholder's full name. A selection of key questions (relating to the business of the AGM) and the Company's responses will be posted on the Company's website by close of business on 21 October 2020 so that shareholders may review these before confirming their proxy vote. In order to ensure that shareholders are able to follow the proceedings of the AGM, the Company will provide access to an online audio and presentation link, accessible via the online Investor Meet Company platform. Shareholders that wish to attend the AGM should register for the event in advance via the following link : https://www.investormeetcompany.com/itm-power-plc/register-investor The online presentation link will be opened at approximately 9.55 a.m. on 29 October 2020. However, please note that shareholders will not be able to vote at the AGM via the online presentation link. Shareholders are also invited to a live webinar that will start at the later of 10.30 a.m. and the conclusion of the AGM. Further details of the webinar are to follow.
15/10/2020
12:18
leoboy: 5pm deadline - "Questions" ! - there must be a myriad of them ! Shareholders are invited to submit any questions for the Board to consider in respect of the business of the AGM. Questions should be submitted by email by sending them to AGM@itm-power.com by 5.00 pm on 15 October 2020under the title "ITM Power Shareholder Questions" and should include any shareholder's full name. A selection of key questions (relating to the business of the AGM) and the Company's responses will be posted on the Company's website by close of business on 21 October 2020 so that shareholders may review these before confirming their proxy vote. In order to ensure that shareholders are able to follow the proceedings of the AGM, the Company will provide access to an online audio and presentation link, accessible via the online Investor Meet Company platform. Shareholders that wish to attend the AGM should register for the event in advance via the following link : https://www.investormeetcompany.com/itm-power-plc/register-investor The online presentation link will be opened at approximately 9.55 a.m. on 29 October 2020. However, please note that shareholders will not be able to vote at the AGM via the online presentation link. Shareholders are also invited to a live webinar that will start at the later of 10.30 a.m. and the conclusion of the AGM. Further details of the webinar are to follow.
01/10/2020
07:03
skinny: ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that the Notice of Meeting and associated Forms of Proxy are today being sent to shareholders and will be available shortly on the Company's website. This year's Annual General Meeting (the "AGM") will be held on 29 October 2020, at 10.00 a.m. The health of employees, shareholders and stakeholders is extremely important to the Company. The Board has noted the recent extension of the provisions of The Corporate Insolvency and Governance Act 2020 and associated legislation, such that the alterations to the manner in which companies can hold general meetings have been extended up to 30 December 2020. Accordingly, there will be no physical annual general meeting for shareholders to attend this year. As set out below, the Company are offering a number of opportunities for shareholders to engage with the Company's Board given the circumstances. That said, the Board will continue to monitor the COVID-19 situation as it evolves (including the UK Government's measures in response to it) and, if the situation or applicable restrictions change in advance of the AGM such that the Board determines that it is safe to make alternative arrangements for the AGM, it will announce these via RNS and the Company's website https://www.itm-power.com . As a result of the disruption caused by the COVID-19 pandemic (and consequent impact on the audit process), the usual resolution to consider the Company's report and accounts for the financial year ended 30 April 2020 is not included and will not be proposed at the AGM. The audit process is now close to completion. The Company expects to post the report and accounts to shareholders by the end of October 2020 and then convene a separate general meeting to receive them by the end of November 2020. Shareholders are therefore requested to submit their votes, in respect of the business to be considered at the AGM, via proxy, as early as possible. Shareholders should appoint the Chairman of the AGM as their proxy. Under the current meeting arrangements, if a shareholder appoints someone else as their proxy, that proxy will not be able to attend the AGM in person or cast the shareholder's vote. All resolutions at the AGM will be decided on a poll. Shareholders are invited to submit any questions for the Board to consider in respect of the business of the AGM. Questions should be submitted by email by sending them to AGM@itm-power.com by 5.00 pm on 15 October 2020under the title "ITM Power Shareholder Questions" and should include any shareholder's full name. A selection of key questions (relating to the business of the AGM) and the Company's responses will be posted on the Company's website by close of business on 21 October 2020 so that shareholders may review these before confirming their proxy vote. In order to ensure that shareholders are able to follow the proceedings of the AGM, the Company will provide access to an online audio and presentation link, accessible via the online Investor Meet Company platform. Shareholders that wish to attend the AGM should register for the event in advance via the following link: https://www.investormeetcompany.com/itm-power-plc/register-investor. The online presentation link will be opened at approximately 9.55 a.m. on 29 October 2020. However, please note that shareholders will not be able to vote at the AGM via the online presentation link. Shareholders are also invited to a live webinar that will start at the later of 10.30 a.m. and the conclusion of the AGM. Further details of the webinar are to follow. As soon as reasonably practicable in the New Year, shareholders will be invited to attend shareholder events at the Company's new Bessemer Park facility. Further details and timings will be confirmed in due course. The timing of the events will be dependent on the appropriate lifting of COVID-19 restrictions and the Company's assessment that it can hold these events safely. ITM Power looks forward to inviting shareholders to Bessemer Park in due course.
30/9/2020
09:31
cerrito: A crude measurement of the high profile that the future of hydrogen has at the moment is that at the Conservative Party conference there are 4 fringe events on the hydrogen future- Bamford at Ryse is involved in 2 but noone from CWR,AFC or ITM- though would have been surprised if these companies had someone speaking. Time will tell how all of this will impact on the share price of CWR, AFC and ITM.
16/9/2020
07:18
skinny: ITM Power PLC Strategic Partnership and 10MW Electrolyser. First project to deliver a 10MW electrolyser to Glasgow facility A pioneering Strategic partnership has been established to create new green hydrogen production facilities with clusters of refuelling stations across Scotland, supporting the country's efforts to achieve net zero by 2045. 'Green Hydrogen for Scotland' - a partnership of ScottishPower Renewables, BOC (a Linde company) and ITM Power - brings together industry-leading names in the renewables and clean fuel industries to offer an end-to-end market solution for reducing vehicle emissions through the provision of green hydrogen. The partnership's first project, 'Green Hydrogen for Glasgow', is designed to provide carbon-free transport and clean air for communities across the city, which wants to become the first net-zero city in the UK. A proposed green hydrogen production facility located on the outskirts of the city will be operated by BOC, using wind and solar power produced by ScottishPower Renewables to operate a 10MW electrolyser, delivered by ITM Power. The project aims to supply hydrogen to the commercial market within the next two years. This project also supports the Scottish Government's decarbonisation targets and Glasgow City Council's commitment to creating a zero emissions vehicle fleet, using only electric and hydrogen-powered vehicles by the end of 2029. Hydrogen fuel - which is particularly suitable for larger vehicles - is produced through a chemical process known as electrolysis, using an electrolyser to extract hydrogen from water. Powering the electrolyser from renewable sources like wind and solar power means the process is completed without any carbon emissions - making the hydrogen 'green'. The new facilities planned by 'Green Hydrogen for Scotland' will ensure the zero emission fuel is readily available to organisations such as local authorities and others with fleets of heavy duty vehicles. Lindsay McQuade, CEO of ScottishPower Renewables said: "Making transport cleaner and greener is one of the key issues at the heart of how we can unlock net zero and achieve the ambitious climate change targets set out at both regional and national levels over the next 10-30 years. " While electrification will play a significant role in taking petrol and diesel vehicles off our roads and make an important difference for the planet, it can only go so far, and we're doing something about that. Our revolutionary approach - which really will be a game-changer - fully supports the large scale transformation needed to replace heavy diesel vehicles with cleaner, greener alternatives. "By working with industry leaders ITM Power and BOC to bring our collective expertise together, we will maximise the potential of this new technology to offer fleet operators and industry a packaged solution that brings all of the pieces of the jigsaw together - production, distribution, supply. All they have to do is provide the vehicles. We have a huge opportunity here to bring net zero ever closer for the benefit of everyone and support a better future, quicker - and we will make it happen." Mark Griffin, Market Development Manager for Clean Fuels at BOC said: "Forward-thinking councils are putting green hydrogen at the centre of their transport strategies to help achieve their net-zero targets. We already operate Europe's largest hydrogen production and refuelling site in Aberdeen and are looking forward to working with councils across Scotland to develop more projects in partnership with SPR and ITM Power." Graham Cooley, CEO of ITM Power, commented: "This project provides the opportunity to fulfil Scotland's rich potential for the simultaneous decarbonisation of power and transport fuel. ITM Power is proud to be participating in this project with our strategic partners. The project and the 10MW electrolyser is subject to an MoU at this stage and ITM Power will make a further announcement regarding the final details of deployment. "Green Hydrogen for Glasgow is an important step forward for the city's net zero targets and enables Scotland to demonstrate that its most densely populated urban areas can fully utilise its abundant local renewable energy resources to decarbonise its transport system and industry."
08/9/2020
00:41
nuts in may: Norby Thanks for the link. I didn't realise you were referring to a race and not a pub. When is the next Liverpool race? Is it run at Aintree? PS I think ITM are doing fine - irrespective of whatever gets posted on this thread. Watch the donkey race. Forget this thread. Don't look at the ITM share price for a year or two ... I suspect you'll end up with a stunningly great surprise when you check back in. ITM is in the right place at the right time. As that guy in Omaha once said, when asked the best time over which to hold a stock, he replied "forever".
21/8/2020
13:19
leoboy: i posted it : Leoboy - 07 Apr 2020 - 11:35:40 - 2452 of 5138 ITM Power - integrated hydrogen energy systems. - ITM ITM Linde Electrolysis (ILE) is a joint venture company between ITM Power and Linde Engineering. Linde is a leading industrial gases and engineering company. ITM Power is a leading PEM (Proton Exchange Membrane) electrolyser OEM. ILE will focus on providing global green gas solutions at industrial scale using ITM Power’s modular PEM electrolysis technology and Linde’s world class EPC expertise and portfolio of technologies and services designed to add value to applications downstream of the electrolyser :https://www.itm-linde.com/ however the thread creator didn't think it important enough to go in the header ?!
07/8/2020
22:04
gerry123: Sambocoole6 Aug '20 - 17:21 - 31286 of 31287 0 2 0 News flow cannot be too far away. People may be distracted with buyers at up to 370 sitting waiting. Factory substantialy nearing production and a refinery update could bring on a similar rerating to that from 100 to 350 >>>>>>>>>>>>>>>>> Sambocoole6 Aug '20 - 17:21 - 31286 of 31287 0 2 0 News flow cannot be too far away. People may be distracted with buyers at up to 370 sitting waiting. Factory substantialy nearing production and a refinery update could bring on a similar rerating to that from 100 to 350 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Normally I would go along with that view Indeed it must prevail sooner or later Meanwhile I reckon the current share price situ has little to do with hard news and all to do with the shortage of stock forcing cooperative behaviour by the two main players working in cahoots to squeeze the little guys Nobody seem to have noticed that the sole Shorter and Market Maker seem to be solely focussed on building stock for the 4:35 auction or their own private clients. The little guys trading in volumes below 10k now represent no more than 10%-20% of the total volume day in day out. IMO This behaviour will continue until the share price settles down above 350p and the Shorter moves on It`s as if the Shorter and MM won`t accept that it’s the little guys who effectively control the share price turning points by refusing or accepting to enter the market. Why this behaviour? Because the MM can`t sell too much of his float to the Shorter or afford to increase it too much while the Shorter is constrained by not owning his stock and having to address (not solve) his surplus or shortfall conundrum at the Closing Auction every day Have they forgotten that 806m (yes 806m) ITM shares have been traded since 1 Oct 2019? Where do they think these missing shares are now? Heres a clue The vast majority of the free float (30m -50m) is in the hands of little guys and most of them aren’t selling below 370p or if they do will be in there buying when these clowns drop the share price to the ridiculous levels we have at the minute. Don`t take my word for it. Check the volumes being traded yourself.
Itm Power share price data is direct from the London Stock Exchange
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