black bird
- 02 Oct 2014 12:17
- 327 of 1268
try futura medical 50p due to take off, all hurdles have been taken,good RNS nov 2014
tremendious potential, depends on what figs maths you work on. see my posts.
stable
- 08 Oct 2014 10:06
- 335 of 1268
Times TEMPUS
ITM Power
Revenue £1.13m Dividend None
If, when you hear the word hydrogen, you think of the demise of the Hindenburg rather than the automobile of the future, then you need to get with the programme. By 2050, it is claimed, the dominant power for vehicles on the road will be hydrogen-powered electric motors. These fuel cell vehicles are not something for Tomorrow’s World: hydrogen-fuelled Hyundais are already in the country and last week Toyota said that it would bring its fuel cell cars to Britain next year.
Their commercial take-up in the coming years will be determined by how quickly oil becomes too expensive, when our legislators regulate into oblivion the CO2-emitting internal combustion engine and how quickly the infrastructure for the storage and delivery of hydrogen becomes a reality.
That is where ITM Power comes in. It is planning a hydrogen fuel station for Hyundai trials off the M1 near Rotherham and is on track to build similar stations for a London-based Toyota project. The shares have had their ups and, more recently, their downs, sliding this month to a five-year low. An upbeat trading statement yesterday, showcasing the breadth and development of its projects, appears to have halted that, sending the shares 10 per cent higher to 22p.
ITM may yet get overtaken by rival technologies. Its management team, though, has been together for some time and its board is stuffed with credible types — not least Peter Hargreaves, who has a 9 per cent stake and didn’t make his Hargeaves Lansdown fortune backing duds.
My advice Out-and-out punt
Why Huge upside for those prepared to risk their shirts