Itaconix Share Discussion Threads

[supernumerary] 15/4/2024 19:55

I agree, but I missed the presentation today, so will have to wait until it's utubed before I can hear what he says, if anything, on the matter. If it's not made clear I'll ask them.

That said I find it hard to believe it's not formulation - it's about the only thing that would move the total gm significantly. Anyway, we'll see...

[purchaseatthetop] 15/4/2024 19:46

Supernumerary. I fully agree about the much better 38% gross margin on product. But if JS does not clarify what the revenue lost is, product or formulation, then there is a worry that it includes much product revenue.

[supernumerary] 15/4/2024 19:42

Not sure what you're complaining about. I thought it was a stonking set of results, and on top of that they're improving margin - a perennial 'I wish...' on this thread - and John Shaw has improved his presentation skills no end - your personal bugbear.

Current price is threepenny farthing in old money - seems like very good value to me.

[lefrene] 15/4/2024 16:29

PTT, if they're not making a basic product for the high volume client, then there will be under used capacity of some sort, whether it be equipment, factory/warehouse space or labour. That capacity becomes available for other purposes.

Market evidently underwhelmed today by another exhibition of the ITX stock in trade, to whit a carrot on a long stick again.

[elsol] 15/4/2024 15:38

Interest rates on cash positive business accounts after business banking charges are rubbish. Not sure ITX are into crypto trading yet or taking any investment risks on the free cash pile; but the good news it wont reduce other than through spending. .

[purchaseatthetop] 15/4/2024 14:58

But it’s not released capacity. Formulations are basically being a cash and carry for customers getting them raw materials.
Agree they need to sell. They are now really a cleaning product company.

[lefrene] 15/4/2024 14:43

To lose that amount of turnover only makes sense if you know that the released capacity is going to be taken up by higher margin product. But it also sends the message that ITX is not in the low margin high volume commodity business. They need to get out and sell the product, it's well past high time this gem made some profits.

[purchaseatthetop] 15/4/2024 14:09

The gross margin on the products sales is now a much better 38%. I am not convinced that the lost contract is just formulation revenue because otherwise he could really go to town on this improvement.

[supernumerary] 15/4/2024 12:25

I wonder where the money's held - in the US or UK?

[dexdringle] 15/4/2024 11:27

Whatever, they are doing with it, getting only a 1.7% return is a further indication of how inept they are. You can literally get more than twice that in a risk free short term money market fund.

[lefrene] 15/4/2024 11:09

One hopes they're not trying to be clever and indulging in risky investments with shareholders money! We don't need a whoopsie as a 'sure fire' bet blows up, and learn that 50% or more has gone to money heaven!

[supernumerary] 15/4/2024 10:53

dex - I was just about to ask the same question! Have you contacted the company?

[dexdringle] 15/4/2024 10:40

If they have £8 million of investments and cash, why was the investment income for 2023 only £141,000 ? That's a 1.7% return. You can get 5% in an instant access savings account !

[lefrene] 15/4/2024 09:47

Usual talking up the future prospects, but still actual profit remains elusive.

[lefrene] 12/4/2024 09:13

dex, one thing for sure, whatever dogs dinner is served up on Monday, Mr Shaw will continue to enjoy his rewards. One would hope that Monday will bring news of the new products progress, and a strategy for replacing the lost turnover. However I'm not holding my breath, the price here suggest no one else is either.

[dexdringle] 08/4/2024 20:56

....so the share price would need to be, say, at least £6 a share for the market cap to even equal the monies spent to date. Probably £8 to £10 if 'opportunity cost' is factored in (this having been 'dead' money for years and years which could have been generating income/ gains elsewhere).

Otherwise this whole thing has been a pointless exercise (other than for those who've been taking tasty salaries).

[elsol] 08/4/2024 20:45

It's a big number Dex prob 80m GBP at least. Well above current Mcap. In process R&D in gestation about to hatch at last! ITX has taken a few years. Can't wait for diversification success news as will derisk ITX product set,bring back investor confidence and share price will rebound north of placing price.

[dexdringle] 08/4/2024 13:22

I wonder what the total amount 'spent' (invested) in this since inception as Revolymer is, including initial capital and subsequent fund raisings, compared to the current market cap ?

[parob] 08/4/2024 13:20

Oversold and possibly speculation that higher-margin contracts will arrive soon to replace the contract lost and/or there's renegotiation of the lost contract.

[dexdringle] 08/4/2024 13:17

There is no rhyme nor reason here. I wouldn't be surprised if the price next week was £5. Nor would I be surprised if it were £1 (although, sadly, I feel that the latter is more likely than the former)

[muffster] 08/4/2024 13:07

Any idea why this is up Dex, as last week the news wasn't positive

[dexdringle] 08/4/2024 09:16

I'm sure you're right

[lefrene] 08/4/2024 09:02

dex, you only have to wait one more week for JS to disappoint again.

[dexdringle] 05/4/2024 09:36

Have you seen the IP Group share performance ? Hardly an indication of management who are capable of giving quality guidance 🙄.

They held Oxford Nanopore all the way down from £7 to £1. And they've done the same with ITX, even putting more money in at the equivalent of £8 a share (or whatever) !!!

[purchaseatthetop] 05/4/2024 09:34

If it is formulation then it must be all the formulation. Why would JS not make that clear?