Cooley has resigned
Price in free fall. Didn’t think results were that bad.
Increased losses not that bad? Adjusted EBITDA loss of £39.8m (FY21: loss of £21.4m). This is not the market for such things.
It may all turn out well. But the slog will be a long one.
I’m in for the long haul not disheartened by the results. They don’t seem to be a risk and are continuing to grow. Some set-backs on expectations, but nothing especially troubling by the look of it.
I’ve just bought the dip
Wouldn’t be surprised if this drops to under £1 after that results update
Markets overreacted will wait it out.
Agree that it is an over reaction
Personally think it will rebound and go back in a positive direction
Just knew it would drop because of what people were saying when results dropped and they reacted very impulsively and short sighted in my view
Let’s see how it goes from here lol
Topped up a few today in for a penny and all that. It might explode.
It is going to a long one on this one. ITM has scrapped its 2024 target for electrolyser production capacity.
and reversed course on a decision to open a second UK factory in Sheffield.
They will go for government support for capital as European countries will have various incentives and plans in place for ways of reducing dependence on Russian oil and gas.
@Upthegains Germanys push in Hydrogen is no secret - it has been developing the infrastructure for a while now. As gentle reminder this topic thread is specifically about ITM. If you want to post about Hydrogen investing please do it in 🌲 Green investing 🌲. If you are posting about how ITM is specifically involved in some country plan then it would be pertinent and on topic for this thread.
Well that’s the £1 mark breached, a bit of a way off the heights of £6+ in Feb 2021
we are all dommmmmed