Exactly, and the experienced will buy them up at a discount happily
Sorry for late reply… I bought in as was recommended by a friend and saw it was raising so bought in then got worried cos it dropped a lot… I’m a newbie and still learning
Down 10% on ITM at the moment. Any good news on the horizon?
It’s a long term hold #simples so just leave to grow over time
Its all good news going forward. This is a buy and hodl. In 2025 uou will be thankful. This is an emerging market with new technology.
It isn’t going away and ITM is king of the pile. Do t panic. Juts buy in the dips and forget about it. Dont even look at the charts daily. Its volatile yes but long term it won’t be
Note to self - next time this drops to the 370-380 range, load up and sell when it goes back up to the 420-430 range…
Just bought a few shares, let’s hope it pays off in the long run!!
Or just buy and never sell
I did that already and it keeps going into the red!!
This company is the future. Dont worry about the daily changes. In next 5-10 years itm will be a big boy player
Agree…hold onto these for a while
In terms of the share price v reality - does this really look like a £3bn company? At some point there has to be a reconciliation.
The future profits are baked in. Ppl believe in itm
I believe in ITM. But as you say, profits baked in.
You have to give it to 2023 in my opinion. That’s when all the really big projects will start to go through. At the moment most are working through their early planning and initial design stages and ITM’s revenues will remain subdued for a while longer. However if and when it becomes clear to the market that ITM are going to be right in the thick of things for the long term, £3 billion will look very cheap. Until then its a case of doing your research and placing your bets. Consistent progress in the business should hopefully keep the share price moving forward but I think you need to be able to sit on this one for a couple of years. With the Linde joint venture though, ITM are the clear leaders in my opinion. They have everything in place for a decade of practically unlimited growth. Nothing is guaranteed of course - I see the emergence of cheap Chinese electrolysers as a threat for instance - but am holding onto my shares tightly. Clear potential to become a FTSE 100 company by 2025 and a strategically important player in the UK’s net zero strategy.
This explains the drop.
" ITM Power sales up 30%, losses down 9%
ITM Power [LON:ITM] has full year results out this morning, showing sales up 30% and operational losses down by 9% .
The company has a growing backlog of work and the tender pipeline is almost twice as strong as it was a year ago. This is giving the company confidence over the outlook and the recent fundraising means cash & equivalents worth £176m are on the balance sheet. This however remains something of an evolving company – events like COP26 in Glasgow will be in focus, but governments for now appear more centred on post-pandemic recovery."
This explains the drop.
Also it’s one of my biggest holdings in my LISA so it was bound to crash and burn.
… Diamond Hooves
Hooves Of Doom
strikes again!
If we see 325p again I’m going in deep.
If we see 325p again, I’m going in deep too - straight into the canal!
made me genuinely laugh