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Results: ITM

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EPIC ITM
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Vindicated Again, ITM Power – is the warning a kitchen sink or is there more to come?

A long call with Lucian Miers has just ended. As you may know he has moved from leafy Hampshire to the grim North of Yorkshire and has blundered out for a walk only to find himself in the middle of a snowstorm. Let us pray that he makes it back safely to his new home, without the need for the local Moors rescue team to unleash the whippets. We talked of ITM Power (ITM) where the great bear has increased his short position after today’s dire warning. But is that right?
EPIC ITM
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ITM Power – Yet more cash raised - Why?

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.

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