Hello Share Chasers. A company fairly prominent in the daily winners list for the past few sessions is ITM Power (ITM). It generates hydrogen. The recent share performance is with, of course, uncertainty over oil and gas supplies caused by Putin’s war. Hydrogen is an alternative fuel that doesn't affect greenhouse warming.
ITM Power (ITM) has advised it has raised a shedload of cash to the tune of £250 million via a placing at share price of £4. I find the detail and timing very interesting and cannot help myself questioning if this is the pre-cursor to FLOP26, ops sorry COP26, and the bursting of the green bubble.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
One of the day’s biggest fallers in early trading is ITM Power (ITM), which was down some 20% before making a partial recovery as I type. Having followed this company’s progress over the last few years, the half year results in very many ways have simply confirmed the progress I expected. So why has the price fallen?
There can be few AIM listed companies that have been referenced in formal official UK Government policy documents, in fact I would suggest none prior to yesterday (I’m happy to be corrected if I am wrong on this point). Windy Boris published his 10 point plan for the “Green Industrial Revolution” yesterday. This is a very high level policy document (much of which I have issue with and will waffle on about in the future), not some industry review or the like. ITM Power (ITM), not only gets a mention – but a full blown highlighted “Case Study”, one of only a handful of companies...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
