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

Just for info

ITM has an electrolyser -- effectively a reverse fuel cell in that it converts power into hydrogen

Its Use

Its use is that it can use cheap electricity - nightime - to create the hydrogen (effectively an energy store) which can be used during daytime or stored in tanks such as petrol for car use etc. Crucially it can use the nuclear and wind energy generated through the night which currently is wasted.

The Costs

The reason why this share is flying is that ITM has massively brought down the cost of creating hydrogen.

Current gasoline in the states retails at about $3/gallon
1 gallon of gasoline is equal to about 35 KWH
Therefore cost of energy is 3/36= 8.3c per KWH

With latest announcement from ITM we have :
Electrolyser producing at $164/KWH (cost to be brought down substantially as have been able to takeaway need for platinum )
Plus durability of electrolyser - now 3500 hours (and still going)
Night time electricity say 5c/KWH
Therefore clean energy for 164/3500 + 5c (nightime elec) = 9.7c per KWH

To get to 8.3c ITM need electrolyser to produce at c $115/KWH which they infer that will pretty much be reached now that they have taken platinum out of the equation

Remember this is comparing to US untaxed gasoline

It's not often a company comes up with a technology that has the ability to blow apart vast swathes of other industries but this could certainly do it.

Get ready to plug in your car to fill up with hydrogen !! Okay you spotted it. First revs still a couple of years away but does that really matter when there has rarely been a stock with so much blue sky ......

PLACING DONE AT 3.20 SHOULD NOW GO PLACES ANY VIEWS.

share has dived but director buys ytd at 235p !! 100,000 shares

Now this share has come from 70p. But still the director buys more despite already owning 5% of co.

Now either he thinks the market doesn't understand the technology or he likes gamblling

Hi Confidant
I agree this is very likely to be one of the real technologies of the future
ITM have been astute enough to patent every step of the way and hence their IPR alone must now be way in excess of the current sp
The funds who bought in at 320p will have taken independent advice from top technical people before investing

I see the downsides as
Short Term ( next 6m)
Some technical problem may have developed around the time the 320p placement was made which has caused funds to hold off buying...... leading to a rush by little men to realise their gains to date.......
Long Term ( Next 3 yrs)
1 The Co is run by boffins albeit extremely good ones.........there is no way they will have the business expertise to grow the Co to a mega size...Indeed their declared intent to develop manufacturing prototypes on their own is evidence of faulty judgement since they are sacrificing speed to market in order to retain control.......much better to seek an experienced farm in partner (to borrow a phrase from the oil industry)
2 Illegal copying of ITM published patents around the world is probably already under way ..inevitably this will include copying by people who have the business expertise to get to the market more quickly perhaps even years earlier.....
leading to a future where patent arguments dog the business and a catch up scenario develops
3 Sooner or later the oil Cos will waken up to the threat posed by the hydrogen economy..............they will find ways to slow progress of fuel cell development
However the worst that I can see happening is that ITM is bought on the open market at a fantastic price well north of the 320p ........
Meanwhile the announcement of a 5000 hr life cycle will surely see another stepped jump in the sp DYOR

THE SP MAY GO INTO ORBIT IF A GOOD TECHNICAL UPDATE IS GIVEN NEXT WEEK

I think monday this could rocket , and perhaps may be see 250p , am in first thing , willing to take the risk, opinons would be appreatied.

I've taken the plunge. Too much temptation to bear at this level. Hoping this will be the green BP of the future!

ITM does look cheap at these levels but market sentiment is so bad at the moment that I cannot see 250 in the next few days, but probably in months.
I think ITM is a stronger company that Ceres yet Ceres has maintained it share price while ITM has collapsed which suggests that a recovery could be around the corner.
I am all tied up at the moment and could only possibly sell some of my SYM to fund a purchase yet I think SYM also have great potential.

Market analysts esp Citigroup keep calling ITM down as they maintain if there is an end market it is still years away

Tend to agree here and stock likely to go nowhere in short term - 3m or so.

I see your points from June Goosy and tend to agree -- they must be looking at some partnership deals which given the technology is reasonable.

The stock likely to languish until some partnership probalby Q4 earliest plus those institutions that could not get enough at 320p will want it off there portfolio by year end

But what the bears are doing are underestimating the material science behind the membrane that is still running 5,000hr+ and the low cost membrane 3500+. This is light years ahead of the competition. The bears don't seem to grasp this is the only way to get to a fossil fuel economy by using "wasted" energy from nuclear and renewable .

Having got out at betw' 220 -250 on both the way up and way down I'm sitting and waitng either for news or for below 120p

With the greatest respect Confidant I certainly hope it doesn't go down to 120p.

GDP I agree that SYM also has great potential but in the long term feel ITM will be the one (I am in both too).

MAKE YOUR OWN POWER ..........corrected post

ITM aim to reduce the cost of their electrolyser to $50/kw to $65/kw
And the cost of their fuel cell to $250/kw
ie at $1.75 =1
cost of 5kw Electrolyser around 186.....assuming $65/kw
cost of 2.5kw fuel cell around 357.......assuming $250/kw
Marcus Newborough of ITM claims the ITM electrolyser is 86% efficient at converting Kw to H2
No figures are given for the efficiency of the fuel cell but pem cells can normally achieve 60%


To make and store your own power in a domestic setting you would also need an H2 storage tank ,invertor, piping, valves and control electronics
Lets say this cost around 2000
Then
For an outlay of 2543 say 2600 it should be possible to use off peak grid power to make H2 and reconvert it back to power for use during the peak period
For a home using 6000kwh p.a
With off peak power available 70hrs/wk at 4.562p/kwh and peak power at 10.575p it can be shown that a saving of around 400 pa can be made without having to sell any power back to the grid
ie a payback of around 6.5 yrs
Further savings of around 150 could be made if the power company is prepared to buy back energy at a cost 10% below their peak rate
.......reducing the payback to 4.7 yrs
If the installation was scaled up by a factor of 2 the capital cost would probably increase by around 1.7 times and the savings would double
.....reducing the payback to around 4 yrs
And ..for evermore
The home would have a ready supply of cheap H2 at 50% of the cost of petrol for use when the hybrid car comes along

Dipping a toe into the cold cold water

I`m waiting until the sp has definitely bottomed.........even if it costs me 10p
.......with the technical update promised for Oct a bounce is surely inevitable over the next few weeks.....??

Let's hope so. This fall is well & truly over done. There is just SO much potential here!

itm now below 100p

Back in May they had to increase the amount of shares they issued because of huge demand -- placed at 320p. Raising 30m

Now mkt cap 100m take cash away 70m effectiively stock back to the 70p level reached quickly after float. Don't you love these markets

Volumes picking up in recent days give the sound of towel throwing by those eager May investors. Lovely

Better day today though Confidant...

queen1

perhaps my mail was confusing -- i'm picking up on days like Weds, taking some out on days like ytd but gradually building a position. I love the sound of towel throwing.

perhaps most worrying is heathcote -CEO is brother to PDX CEO who has just shown he puts a very positive glow on stinking figures which suggests he does not know what he is doing

let's hope the Heathcote @ ITM is more of a realist

Time will tell Confidant.

Confidant
Not defending the CEO ...but
The Heathcote at ITM timed the fund raising admirably and got enough cash to keep them going for at least 7 yrs.......This exercise drew on his real expertise as a founder of a fund investing in green businesses
Remains to be seen if he also has superior mgt skills to his brother at PDX....
....but he only need to repeat the May exercise every 7 yrs and the business could survive indefinitely

Bounce is nice :-) Plenty of stocks in small cap seem to be seeing this throwing in of towels by investors -- probably a sign that there is some appetite around to take the overhang of stock that we've had for last few months

Some bargains to be had