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ITX Itaconix Plc

187.50
36.00 (23.76%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Itaconix Investors - ITX

Itaconix Investors - ITX

Share Name Share Symbol Market Stock Type
Itaconix Plc ITX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
36.00 23.76% 187.50 15:44:20
Open Price Low Price High Price Close Price Previous Close
155.00 155.00 191.50 187.50 151.50
more quote information »
Industry Sector
CHEMICALS

Top Investor Posts

Top Posts
Posted at 25/7/2024 11:34 by rivaldo
Nice post on LinkedIn last week:

"The plant-based chemicals revolution gathers speed. Itaconix Corporation is honored to be cited as one of 9 key players impacting the value chain.





Thx for the Proactive interview elsol, very positive. There's a good summary of it elsewhere by SmartInvestment:

"1. In yesterday’s interview John Shaw stated that Absolute gross profit in H1 2024 was similar to a year earlier due to the improved gross margin. That is despite offloading its low margin customer.

2. Gross profit margin increased to a whopping 38% in H1 2024 compared to 28% a year earlier. That is some progress.

3. Link I posted this morning to hair products shows massive potential application:

VELASOFT® NE 100 TDS - Frizz reduction and curl retention

VELAFRESH™ ZP - Plant-based solution for malodor neutralization

Itaconix® SF 505 TDS- Natural conditioning, better foam texture & stability, and enhanced viscosity

Any of these 3 applications could land a massive multi-million annual $ customer(s)and I anticipate such news in H2.

4. Yesterday’s update on superabsorbents was very welcome news and makes me 100% certain Itaconix read this share chat as a number of us were disappointed not to get an update in the recent trading update. Once the company finalises its product in H2 it can hit 2025 with a massive marketing campaign. Again one or more large customers in this yield could be multi-million annual dollar business.

5. The leather application came out of the blue earlier this year, and just goes to show how diversified this company is becoming. I must confess I still don’t realise the full potential of the leather sector but I imagine it’s big as John is very excited about this.

6. Diversification into Mineral products. Another application we have limited knowledge about but another area John has mentioned a few times this year.

7. All this is on top of its bread and butter dishwasher business which we learnt yesterday has diversified into a gel delivery option with the landing of a major southern European customer.

8. When you add all the above developments together there is a very credible path to becoming a $100m revenue company in the next 5 years.

9. The recent off book trades show institutional investor appetite for Itaconix and they want to get in at a cheap a price as possible. They must see the current share price as the bottom. Golden rule “follow the money”."
Posted at 20/5/2024 14:03 by davidosh
Just a reminder...Itaconix will be at Mello2024 on Wednesday 22nd May 2024, 9am-6pm at the Clayton Hotel & Conference Centre in Chiswick, London W4. The annual flagship in-person investor event will feature nearly 40 companies and keynote speakers such as Lord Lee; Christopher Mills; Georgina Brittain; Gervais Williams; Ed Croft; and many more!
Get 50% off your ticket with code MMTADVFN50 and if you have never been before then just use the code NEW2MELLO24 and your taster ticket will be just £30



For more info:
Posted at 02/5/2024 13:08 by melloteam
Itaconix will be at Mello2024 on Wednesday 22nd and Thursday 23rd May 2024, 9am-6pm at the Clayton Hotel & Conference Centre in Chiswick, London. The annual flagship in-person investor event will feature over 40 companies and keynote speakers such as Lord Lee; Christopher Mills; Georgina Brittain; Gervais Williams; Ed Croft; and many more!
Get 50% off your ticket with code MMTADVFN50

For more info:
Posted at 08/4/2024 20:45 by elsol
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.
Posted at 31/3/2024 21:47 by elsol
I agree Parob, more investors are getting interested now since ITX's business delivery risk is lower now than ever before plus quite a few big name brands are adopting our ingredients with significant 'on sell' opps. for larger product portfolios - we also have plenty of cash runway with improving profitability in 2024 so its unlikely we will ever need to worry about further financing dilution (unless for one off large client growth linked investment or inorganic growth possibilities - M&A). Still lots of 'would-be' ECO chem investors imo still out there yet to find ITX though which is the interesting aspect for exiting shareholders...
Posted at 28/2/2024 14:46 by smudge104
From proactive investor today, targeting $100 million revs,

CEO John Shaw takes Proactive's Stephen Gunnion through a trading update that shows record 2023 revenue of $7.9 million, marking a 41% increase from the previous year.

Shaw attributed this success to the company's advancements in the detergent market across North America and Europe, emphasizing cost and performance benefits alongside sustainability. A significant growth of over 89% in European sales, reaching $1 million for the first time, highlighted the potential in the European market, particularly in dish detergents, where Itaconix's low-cost formulations are gaining traction among major retailers and private label brands.

Shaw also noted the company's development in offering plant-based polymers without imposing additional costs on consumers, a strategy dubbed "free green," which promotes sustainability without financial burdens.

The revenue growth stems from a balanced mix of new customer acquisitions and increased recurring revenue from the existing customer base. With a focus on expanding its product portfolio, Shaw mentioned ongoing developments in leather chemicals, paint, and plant-based superabsorbents, aiming to reach a $100 million revenue target in the future.

Looking ahead to 2024, Shaw expressed optimism, citing stabilized costs, minimal disruptions from shipping issues, and the introduction of new brands seeking Itaconix's reformulation expertise, promising continued growth from the momentum built in 2023.
Posted at 29/1/2024 17:44 by lefrene
When we eventually get some sort of update, it would be encouraging to see if the company is picking up momentum towards breaking into profit earlier than projected by the pundits. Something to get the attention of USA investors, and perhaps the beancounters of any prospective buy out merchants.
Posted at 12/1/2024 12:48 by lefrene
Well some one is buying a few today, it's put on tuppence! Perhaps news next week, the heroes will be back from the ski slopes soon. This has always been in need of something that catches the imagination of potential investors, but the way the economy is looking, a dull boring supplier of an essential ingredient that goes into essential products, might be seen as safe, plus with decent growth prospects. I'd buy more if I had spare dosh. To my mind it looks a steady basic ingredient manufacturer, and due to the 'green' element, a potential target for a big hitter to snap up. £10 would do lol :¬)
Posted at 05/9/2023 17:34 by bamboo2
5 September 2023

Itaconix plc

("Itaconix" or "the Company")

Notice of Interim Results, Analyst Meeting, and Investor Presentation

Itaconix plc (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based specialty polymers used to decarbonise everyday consumer products, announces that its Interim Results for the period ended 30 June 2023 will be released on 12 September 2023.

Analyst Meeting

The Company will hold a live online meeting for analysts at 14:00 BST on 12 September 2023 on the Investor Meet Company platform.

This meeting is only open to analysts. If you are an analyst and you would like to attend the analyst meeting, please send an email to: langus@belvederepr.com . The relevant link will be provided to you.

Questions can be submitted pre-event via the Investor Meet Company dashboard up until 09:00 BST the day before the meeting or at any time during the live presentation.

Investor Presentation

The Company will also hold a live online presentation for investors at 15:00 BST on 12 September 2023, also on the Investor Meet Company platform. The online presentation is open to all shareholders and any interested parties.

Investors can sign up to the Investor Meet Company platform and add to join the live presentation via:

Questions can be submitted pre-event via the Investor Meet Company dashboard up until 09:00 BST the day before the meeting or at any time during the live presentation.
Posted at 15/8/2023 08:29 by elsol
T101. Usually you may be right but here, the US investors market access factor is king. If you understand the laws of supply and demand a coin may drop for you. Also US investors are more long term growth investors, unlike high concentration of UK day trader get rich quick mentality folks

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