Itaconix Share Discussion Threads

[cyberbub] 16/9/2019 13:14

Wrong Pugugly - Spreadex still have several million to sell on a limit of 2p, is what's bringing us down IMO

[pugugly] 16/9/2019 12:54

Down 10% so far today - No 6 on the loser toplist - However as such a low priced share possibly just brownian motion but evidence that Mr Market still unhappy with this stock and expecting a fundraising may be on the way.

[the patient investor] 16/9/2019 11:54

The MM are playing games

The offer is 2.30

The last trades are all buys

[pugugly] 15/9/2019 19:55

PTI = Obviously you cannot understand plain English - I said A (ok poor grammer) but not THE - The person in question is the Exec Chairman of a major quoted company nothing to do with this one, but he knows far more about corporate finance than you will ever learn.
Kindly use polite language - but as a free rider unable to read I suppose bad language is all one can expect from you - Sorry if you are losing money.

[ewanwhose] 15/9/2019 13:59

It now looks quite possible (barring accidents or things we can't see from the latest results) to get to the full year figures in February without additional funding. Getting to formal results in June would be considerably tighter unless volumes increase significantly (which is, of course, possible). Either way, the path from there to profitability should be clearer and the share price higher so raising a couple of mill won't be disastrously dilutive.Not long ago, I wasn't expecting to get past November this year, so the picture is improving and may well continue to do so.

[parob] 15/9/2019 12:26

I will be more than happy should the price hit 4/5p next year and there's a final placing at 3.5/4p to reach profitability.John shaw mentions targeting profitability a couple of times in his latest interview:hTTps://tinyurl.com/yyxtkuto

[pugugly] 15/9/2019 12:20

Parob - Agreed need to watch and wait - Only time will tell what the funding level will be - but as a Exec Chairman told me the other day - The Market price less 15% or so is the funding price.

[parob] 15/9/2019 12:18

3.5p+ imo on the back of more deals with segment market leaders and strong revenue growth in H2. Let's see what the next few months bring.

[pugugly] 15/9/2019 12:10

Parob_ On purpose - As you omit to comment on the level that they might be able to raise funds - which - (imo) could well be less than the current share price unless a vulture bidding war -

[parob] 15/9/2019 12:06

You forgot to post this bit which followed that statement:However, taking account of the Group's working capital at the date of this report, the Group's current revenue growth, and current shareholder approval to raise capital if needed, the Directors believe the Group will continue as a going concern for the foreseeable future.

[pugugly] 15/9/2019 12:03

Possibly likely to run out of cash near term - Now will they borrow until they become cash flow positive or have to try and issue more equity and at what price/

". As such, the Directors have concluded that there exists a material uncertainty which may cast doubt as to the Group's ability to continue as a going concern."


or be taken private by a vampire? (imo) odds on the last at scalpers price unless more than one bidder.

[parob] 15/9/2019 11:21

Polyitaconic Acid Market to Witness Tremendous Growth in Forecasted Period 2019-2025 with Key Players like BASF SE, Itaconix Corporation, TryEco LLC, SNF Floerger, Amereq IncSeptember 14, 2019hTTps://www.marketreportgazette.com/2019/09/polyitaconic-acid-market-to-witness-tremendous-growth-in-forecasted-period-2019-2025-with-key-players-like-basf-se-itaconix-corporation-tryeco-llc-snf-floerger-amereq-inc/This Report gives an analysis that Global Polyitaconic Acid Market in global markets will grow at CAGR of +6% from 2019 to 2025

[cyberbub] 13/9/2019 14:42

I think ASOS might be pushing it a bit NY Boy.... But a 20+ bagger from here is eminently possible *if* everything goes right IMO...I recall the well known shares blogger Paul Scott bought 100k ASOS shares at 3p back in the day and sold them shortly afterwards at 6p thinking he'd done well... Only to see them go to 7000p over the next 10 years...

[ny boy] 13/9/2019 11:50

Lol, don’t think short term Sir!

Doesn’t matter if you buy, 2p, 4p, 5p etc, take a 10 year view for potentially ASOS like returns.

[jungmana] 13/9/2019 08:32

The dumping continues. Could get top up opportunity at 2p today

[parob] 13/9/2019 07:24

It was that 5.5 million sell that dragged the price down 16% to 2.05p just before the market closed on Weds. Hopefully the recovery will continue today.

[the patient investor] 12/9/2019 22:19

"today:
3p anybody?"

DISCUSS

[cyberbub] 12/9/2019 20:20

Yes very good. 10M or so to go - perhaps a week?

[jungmana] 12/9/2019 19:38

5.5m sold there. They will be out soon

[parob] 12/9/2019 17:10

NEW Full interview: Itaconix in a 'key stage of long-term revenue growth and value creation'

14:28 Thu 12 Sep 2019 Andrew Scott



Itaconix PLC's (LON:ITX) John Shaw dropped into the Proactive London studio for a catch up on the back of the firm's interim results to June 2019.

Gross profits increased by 157% when compared to the first half of 2018 and revenue surged 78% to £480,000.

[ivor hunch] 12/9/2019 15:41

A welcome rebound after yesterday's surprising 16% fall.

[scrutable] 12/9/2019 10:51

Thanks parob for the succinctness. You make the point well.