My personal opinion, which of course reflects my current position in the company, is that despite the obvious disconnect between the SP and the fundamentals, with a long term view of 5-10 years (which is vital when holding a stock like this) anything under 500p right now is a potential bargain.
I personally won’t be buying more over 300p for a variety of reasons, namely the potential of incoming widespread financial disaster, and also the SP’s recent rate of acceleration. This is a stock which has seen recent Institutional Investment, had lots of news coverage, much of it mainstream, and has also been very popular with day traders. This makes me believe that people will start to tread carefully once 300p is breached, and the SP will remain somewhat steady around this area until we hear more good news that backs up the companies financial fundamentals.
I think 220-240p is the new base. With all the recent focus on Green energy and Hydrogen in particular, ITM will keep attracting the attention of new investors. If you can get in under 300p and sit on your hands and forget about it for a couple of years - you’re sweet. If the price does drop significantly along with the wider market, and goes sub 200p - you’ve done fantastically well.
While this all sounds like advice, it is most definitely not. Please do your own research, as everything I say, despite being based my own thorough research, is 100% my own opinion and could prove to be absolute rubbish.
Thanks for your thoughts, very interesting! I think I will take a small position at the current price. Hopefully it drops a bit and goes on sale soon. It does seem to have a lot potential.
I don’t think so when you look at all the new projects they’re getting into. They could become a global player if some of the post lockdown investment goes into renewables. DYOR I’m being giddy and optimistic!
OK i’ve done a lot of research into ITM… I loved it in November last year and went all in at well under £1. I bought more at £1.25 and sold enough shares to cover my initial total investment. I am trading wiht free money now. I subscribe to two expensive but large research companies who gave me this stock to begin with - I agreed wiht one key point one of them made - that being FORGET cars… just focus on the hydrogen replacing natural gas in the UK gas infrastructure (which was originally intended for hydrogen use decades ago) and the SP should take the company to £30 a share… thats the UK alone… and since my initial research last year, most of the announcements have been outside of the UK. Its a no brainer if you have a trailing stop loss in there at 14-15% of the moving price.
Good luck to everyone… this has been my biggest winner in the last 12 months by some margin so don’t think I know it all because i don’t… the financial crisis will wipe at least 25% of the current price WHEN it hits.
I ended up having a look at this after it got suggested.
Honestly I’m impressed and hopeful about what is coming in the future.
On the surface there were a lot of red flag but the company is doing a really good job managing the issues as far as I could tell. With a load of fresh new deals coming through, and hopefully a bigger drive with renewables, I ended up really liking the look of ITM!
That’s one way to look at it. The other is that they’re a small/new company operating in an undeveloped sector and will they be able to survive covid-19’s impact to their organisation, suppliers, customers, the general economy PLUS the extra brutal kicking that’s going to come from the absolute disaster of dumping all the EUs trade deals at the end of the year
I’m torn! But they were a speculative buy when I got in long ago and I’m still far higher up then I ever imagined possible so I think I’m just going to hold. Now if it dives closer to my buy in price then I’ll wondering whether to cash in or double down!
okay not an awful problem to have…