It was going so well 
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I’m not taking the blame for this one. I’ve not topped up on ITM in months. If this one’s going down then someone else is to blame.
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Some light reading…
https://uk.sports.yahoo.com/news/itm-power-share-price-crashed-091827868.html
There are investments in green hydrogen going on in many places, so it’s only a matter of time before the price drop happens (the forecast is 2030) and companies like ITM emerge strong in this scenario.
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You can blame me. I have not bought ITM from the £1-£1.5 mark, last week I decided to grab some shares at £4.20.
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Get him, boys!!
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Not a single green light today haha… Deletes the app for a year I think
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With the recent spin off of ITM Motive, I wondered will existing shareholders of ITM power automatically receive shares of this wholly owned subsidiary? And will ITM Motive be tradeable on Freetrade?
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Don’t the shareholders of the existing company in effect already own the subsidiary of it’s “wholly owned” by the parent company?
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There’s sector rotation out of growth tech stocks at the moment. Stocks like ITM with a fair amount of future growth already priced in have inevitably been hit the hardest by fear based over selling.
The ITM Motive announcement was unfortunately timed and no doubt encouraged more people to dump out.
We won’t know where we are with ITM until money starts returning to the wider sector and ITM finds a new support level.
Quietly confident that’ll be 400+ in the coming weeks, at which point i’m going to be a bit more disciplined with applying stop losses!
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‘Hargreaves Lansdown investors are buying ITM’, they said that. So I think it’s something to consider once the investors from this broker are normally people with more money and experience (no offence 
) , right?
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It’s a Motley Fool article - posted to Yahoo Finance.
Every week, for every stock on the planet, they seem to have 5 articles saying it’s time to buy and another 5 for the same stock saying it’s time to sell. It’s all very clickbaity to drive sign ups to their website.
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I know, but my focus was on that information about HL investors. Honestly, I normally don’t pay attention If MT analysts are buying or selling.
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So the £ITM ticker is still the power and the motive parts of the business?
In effect there isn’t anything lost from the balance sheet for £ITM shareholders as a result of this spin off?
Yes, it’s wholly owned so everything is in the same company as it was, it’s just that part of it is now wrapped up in a new company container. This is what people were allegedly concerned about as it’s made it easier to sell that subsidiary off reducing the overall value of the company (it’s obviously not as black and white as that).
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Agreed, i’ve read a lot of MF articles and listened to a lot of their pods and would not put too much stock (see what I did there…?) in anything they say… You have to wonder as a subscription service provider if their free tips are merely trying to pump previous paid tips and you’re being invited at the end of the party and handed the bin bags full of empties… MF’s…
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Some clarity from ITM would be usefull wrt how exactly they’re going to manage the split. They can potentially split it into two companies and proportion the shares out accordingly, which inevitably would put one of the two on the back foot.
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