This must be the share of the future...........A co with 15 employees mostly Boffins with a unique product under development that has massive potential in the alternative energy sector
My only regret is that I watched the sp rocket from 11op to 210p before getting into the nose cone

16p now...I hope I have prove my point that ITM Power is just a company waiting to fold.

intrims end of the month, will see what is in the bank this sp maybe a discount worth a watch

sp currently at about half of the cash in the bank, no debt.

Some of their technology will come through just fine and some will drop away.


Just hope they will get rid of that incompetent idiot of a CEO, Jim Heathcote.
Totally out of his depth and there only to fill his boots -- which he has done many times over.

Very good potential with about 24 million in the bank but shame about the incompetent CEO. The right CEO would drive them forward and put them on the map.

The success of their technology will determine whether they have anywhere to go, rather like CRA.

11.5p now ... I hope I have prove my point.

NEWS TUESDAY!

Is there any hope left for ITM !!
Or are we witnessing another company to fold.

With 20m in cash, no debt and annual cash burn of under 5m, there is time and cash for them to get their hydrogen technology products selling into the market before cash dries up.

Trading at about 40% below current cash levels at the moment.

Products on the market possibly later this year.

stellar rises this last week,where are all the comments? products coming on line seem to be the driver.

Don't miss out on the best fuel cell investment potential, as per the analysts this is AFC Energy.

Shares in issue 150,872,854
Share price 19.25p
Valuation 29,043,024


Hoodless Brennan said last Friday afteroon - "We maintain our SPECULATIVE BUY and still see AFC as more valuable than Ceres or CFCL."

http://www.proactiveinvestors.co.uk/columns/hb_markets/18645/hb-markets-daily-smallcap-newsflash-including-afc-energy-brammer-craneware-tanfield-and-others-18645.html

CFCL is valued today at 92.7m.

Ceres is valued today at 53.9m.


So Hoodless Brennan see AFC as more valuable than the 92.7m that CFCL is currently valued at.

92,700,000 divided by AFC shares in issue of 150,872,854 would give AFC a share price of 61.44 pence.

To get to 61.44 pence from it's current 19.25 pence, the share price would have to rise 235%.


Hoodless Brennan said "more valuable", but they did not say how much more valuable, it could be they think AFC is a lot more valuable, perhaps in line with the Allenby NPV(Net PRESENT Value) of 137 pence.

http://www.afcenergy.com/investors/analyst-reports/

To get to 137 pence from it's current 19.25 pence, the share price would have to rise 612%.


So the professional analysts see a fair and realistic valuation for AFC, as at least 235% up to 612% above the current valuation.

Take your ramps and put them on the correct thread!

Lovely basing chart forming here at ITM......

Broker backing chart up aswell......

ITM Power PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
28-07-10 BUY -6.23 -5.61 -6.91 -6.27

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus -6.23 -5.61 -6.91 -6.27

1 Month Change 0.00 0.00 0.00 0.00
3 Month Change 0.00 0.00 0.00 0.00


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % %
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA -5.44m m m
EBIT -6.02m m m
Dividend Yield % % %
Dividend Cover x x x
PER -6.41x -5.57x -4.98x
PEG f f f
Net Asset Value PS 23.00p p p

Here is an RNS from a couple of days ago - Forestry Commission Joins ITM Power's On Site Hydrogen Trials

Interesting Skinny..cheers.

Intresting and bullish post from PRO TAer Zak Mir across the road.....


Lovely basing chart forming here at ITM......



Post Extras:

Zak Mir



Reged: 28/06/07
Posts: 1362
Re: CHART ATTACK - Longs and Shorts]
#468137 - 29/07/10 03:54 PM Edit Reply Quote



yes, above 50 day ma at 30p ITM should hit 45p - top of a Jan 2010 price channel

When are next results?

Today ! Final Results.

A few Directors have bought 5k's worth of shares.