Itaconix Share Discussion Threads

[dexdringle] 21/11/2024 09:46

The problem with the whole 'green' agenda is that companies doing really good work to reduce chemicals damaging the environment are being lumped in with the companies pushing net zero CO2 scam 😕

[parob] 21/11/2024 08:42

Still struggling.

[parob] 11/11/2024 13:03

Annoyingly can't get a quote to sell any meaningful amount.

[parob] 08/11/2024 13:45

Potential 60% China import tax. That would certainly hurt Itaconix.

[lefrene] 08/11/2024 12:43

It's certainly a scam in Norfolk. Back in the early 90's the greenies were telling everyone it would be under 4 mtrs of water by 2015. Well nothings changed almost 10 years past that date. It's just a way of keeping people frightened to make it easy to impose globalist far left policies onto them. Just to the West of Gt Yarmouth is a huge Roman transfer port, 1600 years ago it was at sea level on an island, now it's circa 40' above sea level and no longer on an island.

Anyway perhaps there are better boards upon which to discuss politics, lets hope that Mr Trump has enough wits to be selective with his tariffs, and doesn't damage US exporters by using a broad brush. He couldn't be any worse than the devious liars of the past 4 years. Now we have a home grown bunch of devious liars to contend with!

[parob] 08/11/2024 09:57

I've decided to start selling down with trump in and lock in some profits.He doesn't give a flying fXXk about the environment.

[dexdringle] 06/11/2024 09:54

Trump will put tariffs on EU goods but not UK goods. That'll wind up the Remoaners 😂.

Hopefully he will refuse to deal with Lammy and insist on dealing with Farage too. That would be the icing on the cake. Especially as Lammy was so vile about Trump - how stupid was that (typical clueless Labour though).

[lefrene] 06/11/2024 09:50

dex, that's because it's the AiM, 95% of it just a talking shop, fantastic success is always just below the horizon, always due any moment now, always passing the hat around. ITX has trod those boards for over 16 years, although to be fair the past three years they do seem to have got beyond just constantly inventing stuff they can't sell for a sensible price, and got to grips with being an actual business, with a sensible margin. The next few months should give us the lie that it has become an actual business with genuine prospects.

In the meantime I presume this mornings mark down is due to some worriers fretting that Trump might damage things with high tariffs? Trump has a business brain, he is unlikely to use a broad one policy brush, he'll be selective, to do whatever is overall best for USA business. He understands how wealth is created, unlike the Socialists who steal wealth to bribe the voters with.

Trump is more likely to help the likes of ITX to reduce overheads and export their products. Time will tell.

[dexdringle] 05/11/2024 20:18

They always talk about revenue and gross margins but never about net profit....

[lefrene] 05/11/2024 16:30

I had hooped the price would have put on a few more pence today. The update gives the sense that things are finally on 'the up', with perhaps breakeven in sight in 12 months. A growth business with a raft of valuable patents and the prospects of substantial financial uplift as the planet goes 'eco', surely has to be worth a lot more than £19 million, given that there's still perhaps £7 million left in the kitty?

[lefrene] 05/11/2024 09:53

I notice the slightly odd, "and become a large, highly-attractive specialty ingredients company." In Mr Shaw's comment. Looking for a retirement exit via a takeover?


They seem to be making progress, I guess it'll be another year before we can truly tell if this business has gone from typical AiM 'talking' to actually walking and maybe even running.

Anyway a very welcome update, their plan appears to be working, so well done. A takeover at £20 would be most satisfactory! :¬)

[rivaldo] 05/11/2024 09:32

That's a more promising and bullish update.

Canaccord this morning say Buy and retain their 325p price target.

In particular they forecast almost 50% growth in revenues to $9.6m next year, and they note 80% growth in core revenues in this H2:

"Robust 2H outlook in 3Q trading statement Itaconix has this morning given a 3Q trading update, indicating that revenue for the FY is likely to be at the upper end of the $6.0-6.5mn guidance, with gross margin unchanged at c.36%. This implies 2H revenue close to $3.7mn, only marginally down on 2H23's record $3.8mn and implying growth outside the scaled-back merchandiser relationship of more than 80% y/y. Our forecast implies a FY sales total some 16% ahead of 2022, demonstrating the rapid progress in generating new accounts, orders and products.

We highlight strong progress with customers in Europe, in cleaning and in odour neutralisation. We also note the continued strong growth in margin in polymer sales, which we estimate to be up around 7% y/y, reflecting the better pricing mix the company is now achieving."

[wheeze] 05/11/2024 07:19

RNS outRevenues are tracking towards the upper end of its previous revenue guidance ($6.0 to $6.5 million) and gross profit margins for the full year are expected to be in line with previous guidance (at circa. 36%). Nice work!

[rivaldo] 30/10/2024 14:42

The nightmare scenarion re AIM and inheritance tax has turned out to be a completely damp squib.

A 50 per cent relief from inheritance tax will be applied to AIM shares, setting the effective tax rate at 20 per cent - so only a partial measure.

So back to normal for AIM shares - and hopefully back to 150p-160p short-term for ITX.

[tictac] 29/10/2024 18:13

It's an AIM thing. There's a special treatment for inheritance tax for AIM shares, and it's thought that this treatment may change.

(There may of course be other factors, but the above is one)

[cordwainer] 29/10/2024 17:20

Seeing this increasingly significant red across UK shares over the past few days points to pre-budget fear. Entirely validated or not, I think it's a fair bet that things should start to settle down from tomorrow afternoon.

[gb904150] 29/10/2024 16:30

From what I can see the big fundraise cash is slowly depleting.

The earlier promising trajectory of GM's seems to have reversed.

So we're back to a rather disappointing hold and hope they get things back on track. The exciting possibility of them becoming profitable within existing resources is questionable again.

Meanwhile the big fundraise gets eaten up on salaries.

[lefrene] 29/10/2024 08:54

Tripped over the Zimmer Frame, and decided to lie on the floor and just die this am.

Pretty much half the market cap must be cash in the bank. But just so long as Mr Shaw is being kept in the manner to which he has become accustomed...........

[dexdringle] 28/10/2024 11:05

.....I think it might be crippled.

[lefrene] 24/10/2024 15:24

Some one taking their money off the table today.

Lets hope all that raw material being stock piled is for a "laundry" deal with the likes of Unilever! So far after 16 years it's still a typical AiM stock, 'talking' but not enough evidence of actually walking!

[rivaldo] 16/10/2024 08:01

New interview with the CEO re the presentation of the launch of SPARX at the SEPAWA conference - hope the "exciting" new data on the biodegradeability of their polymers brings in further interest....

Also looking to grow in laundry as a "big target", plus beauty care, and already doing it within the pet sector:

[parob] 08/10/2024 09:48

Bottom going in?