Itaconix Share Discussion Threads

[rhatton] 14/10/2019 10:04

Cyberbub, are they likely to leave it last minute to raise though?

[cyberbub] 14/10/2019 09:56

Wrong picture frame. They had £1.5M left at the end of June and central costs are a little over £2M p.a. So that means 9 months of cash left - plus growing operational profits. So they should have approx enough cash to reach late spring 2020. I don't expect a cash raise until some way after Xmas, and hopefully it won't be more than £1.5M. Even in the worst case of raising at 1.5p (which seems pretty unlikely to me) that's only 100M shares extra, OK not great but not disastrous.NAI

[pictureframe] 14/10/2019 09:04

They need to get the cash raise out of the way. There have been no further contract wins announced and time is running out.

[jungmana] 14/10/2019 08:18

Spreadex still selling. We may see 1.5p offer this week

[lukehold] 13/10/2019 22:38

How has any of the money been wasted? Seems to me they have produced a range of disruptive products and just broke into the market. If joining now it's looking great value 31m and pay only 4.6m.

[lukehold] 13/10/2019 15:29

Interesting newsletter, this is very much part of a worldwide revolution, much bigger than a trend. Long term and build a larger position here as we move to profitability. 31m invested in development over the past 5 years, available for 4.6m today.

[cyberbub] 12/10/2019 09:07

Yep, jinxed it!

[pugugly] 10/10/2019 11:07

mr doughnut1 -If you like green solutions you might find this month's news leter rom Safer Made - A US start=up fund of interest


I would be most interested in what you think of it -

[mr doughnut1] 10/10/2019 11:00

I have been buying here, 400,000 to date. For me this comes under green industry solutions. In the short term, 10 - 15 years I believe consumers will not change their behaviour and it is up to industry to find green solutions, which ITX appears to provide. I am under no illusions that this is very high risk, but it is the story that I have bought into.

[cyberbub] 10/10/2019 07:45

Unless we get some bad news, I reckon we might be at the bottom now. Probably jinxed it LOLNAI

[ny boy] 10/10/2019 07:36

mike2909

It’s a 10+ year hold for me, I added more this week.

[pictureframe] 09/10/2019 12:59

Better off waiting for "the big order" if it ever arrives. Yes you might miss a 50 - 100% rise but it will continue to rise from there for sure.

[mike2909] 09/10/2019 11:22

Massive volumes in and around the Woodford sell off then nothing. I still can’t quite make my mind up here if there is fantastic potential or it just a load of hot air from the CEO. Barely had any news this year, and the orders they have announced never revealed any numbers. On the face of it, it seems a great prospect but never seems to get going and distinct lack of news on a more regular basis creates a doubt in my mind. I really do hope it takes off for us all.

[pugugly] 09/10/2019 10:37

Very quiet today - No trades yet - Have PI's given up hope or SPREADEX unable to find takers even at the new low?

[lefrene] 08/10/2019 12:15

I'm sure we all know that it's a 'hope' stock just one rns away from either taking off or crashing. I may come to regret it but I am holding for an rns that signals more contracts that will enable them to become cash flow viable, and onwards and upwards from there.

[geraldus] 07/10/2019 22:36

Their achievements so far are only just scratching the surface of the potential ahead.

[cyberbub] 07/10/2019 17:27

Lefrene look back at some.posts from a few weeks ago.Yes they only made 0.5M revenue in the half but they only announced the (hopefully) decent sized contracts in May! They will take a few months to hit the bottom line. An H1 > H2 revenue growth of 200%+ would not surprise me.At an increased 30% gross margin (in itself a sign of pricing power) and £2M overheads they need approx £6M revenue to break even. I grant you this will probably not happen for 12-18 months on a run-rate basis. We all know they will need to raise cash at some point - but personally I think with £1.5M left at 30 June plus increasing revenues, they probably have cash left until next March, and so would not expect a cash raise before Xmas. I could be wrong of course...!But yes we do need to see more orders starting to roll in...GLA NAI

[lefrene] 07/10/2019 14:20

With �0.5m revenues for the last half, anything of substance would have to be reported as news likely to affect the value of the business. Plus being an AiM stock they would be broadcasting it from the rafters. Don't get me wrong I wish them every success, but so far it's stuck firmly on the runway despite having a magical new mousetrap.

The inevitable cash call is what's doing the damage to the share price.

[pictureframe] 07/10/2019 14:15

Need a repeat order of size and quickly otherwise cash call needed.

[cyberbub] 07/10/2019 13:43

How do you know the announced deals are "small"? The revenues haven't appeared in any accounts yet.

[lefrene] 07/10/2019 13:05

mike2909, this is AiM, often the only thing AiM businesses have in stock is hot air. One hopes that the small deals they have here with the likes of Croda might grow into something that supports a real business. I agree if this is going to be an actual business they need to show people the money. Lets hope they get a meaningful deal before too long.

[mike2909] 07/10/2019 12:48

Surely this company has some bloody updates regarding sales/orders/contracts etc they can put out. After all they haven�t updated on this since May 2019 and since then the ceo has been active doing interviews telling everyone how good they are.

[cyberbub] 04/10/2019 10:50

Yes you can see that some categories of shares the minimum threshold is 5%.I see no rational reason why Woodford in his distressed position and having stated that he is divesting from all micro stocks, would retain a sib-5% holding in ITX. Even if he had 8 weeks ago it would be gone by now.

[buywell3] 04/10/2019 08:46

Read this then



DTR 5.3 Notification of voting rights arising from the holding of certain financial instruments