Itaconix Share Discussion Threads

[geraldus] 18/10/2019 07:56

He did say in the last interview there could be a delay in timing.

[pugugly] 18/10/2019 07:54

Marked down 30% pre market Is there enough blood on the streets?

[the patient investor] 18/10/2019 07:41

It would not surprise me to see a good RNS with a new contract coming very soon. Often decently managed Companies get the baddish news out of the way first and then come up with the good ones.

[rivaldo] 18/10/2019 07:41

Note that these are "delays" in projects, not cancellations.

Given ITX have confirmed today that "year end cash will be in line with expectations", there should be no need for cash for a while yet. If a relatively small fundraising is needed at some point for working capital etc then that's fine.

Of course the MMs may well whack the share price down, but hopefully that will provide an opportunity.

[lukehold] 18/10/2019 07:40

Will be buying today

[value viper] 18/10/2019 07:37

That's harsh Even a £1 million raise would be 20% dilutive Not the end of world at all And I don't think it's happening near term

[rhatton] 18/10/2019 07:35

If a fund raise happens at this level then it’s the share finished with all the dilution etc

[value viper] 18/10/2019 07:33

The point about cash indicates again no near term raise needed at least I believe Seems they are working hard to avoid need for dilutionAs they await a decent new agreement ?Agree it's a mixed bag update

[jungmana] 18/10/2019 07:32

If fund raising happens in tge future so be it as the company grows in revenue and more of her products are commercialised. What's the whole point of being on the stock Market?

[rhatton] 18/10/2019 07:28

The future maybe bright but the dilution if required less so!

[jungmana] 18/10/2019 07:27

The future remains bright for this tiddler:John R. Shaw, CEO of Itaconix, stated: "The use of our novel products in an increasing range of end-products is establishing a broad customer base for long-term revenue growth and ultimate profitability. While project delays can be rather frustrating, our commercial momentum continues to build, we remain confident about our outlook, and our future remains equally bright."

[pugugly] 18/10/2019 07:24

Going to need a fund raise - imo


"Board expects that the EBITDA(1) loss for the second half of the year will be broadly in line with the £1.0m loss for the first half of the year"

So a £2 million loss for the year. Fund raise at what level?

[rhatton] 18/10/2019 07:21

Have to say maybe not the worst update but not the best either and as you say market unforgiving so no doubt to take a pounding

[jungmana] 18/10/2019 07:19

Other than an R&D tax credit of c. GBP0.13 million, which is now expected to be received in early 2020 rather than in the current year, the Board believes that year-end cash will be in line with expectations due to significant improvements in working capital utilization.

[dplewis1] 18/10/2019 07:19

Market is brutal and unforgiving at the moment though and any update that contains 'however, the board..' gets unceremoniously punished.

[jungmana] 18/10/2019 07:16

Not a bad update in my opinion. Just a slight delay in receiving some of the expected revenue but does not impact year end cash as costs have been drastically reduced over last year.At less than GBP 4m right now this is cheap compared to to many similar companies

[the ghost who walks] 18/10/2019 07:13

Umm not great

[dplewis1] 18/10/2019 07:10

I was thinking about buying in here, but might leave it after that update..

[cyberbub] 17/10/2019 15:29

Looks to me like the 1.65s are sells and the 1.70s are buys IMO

[pugugly] 17/10/2019 14:44

cyberhub - News feed at the moment just showing as below - Have reported to ADVFN PROBLEMS.
Showing the most relevant articles for your search:LSE:ITX
1 2 3 4 5 6 7 8 9 10 Next >>
Date Time Source Headline Symbol Company
09/10/2019 13:54 UK Regulatory (RNS & others) AA PLC Holding(s) in Company LSE:AA. Aa Plc
01/10/2019 09:10 UK Regulatory (RNS & others) AA PLC Total Voting Rights LSE:AA. Aa Plc
30/09/2019 16:03 UK Regulatory (RNS & others) AA PLC Holding(s) in Company LSE:AA. Aa Plc
26/09/2019 16:45 UK Regulatory (RNS & others) AA PLC Holding(s) in Company LSE:AA. Aa Plc
26/09/2019 16:45 UK Regulatory (RNS & others) AA PLC Holding(s) in Company LSE:AA. Aa Plc
26/09/2019 08:15 RNS Non-Regulatory AA PLC Partnership with Uber LSE:AA. Aa Plc
24/09/2019 07:01 UK Regulatory (RNS & others) AA PLC Half-year Report LSE:AA. Aa Plc
18/09/2019 14:27 UK Regulatory (RNS & others) AA PLC Holding(s) in Company LSE:AA. Aa Plc
16/09/2019 16:00 UK Regulatory (RNS & others) AA PLC Block listing Interim Review LSE:AA. Aa Plc
16/09/2019 10:55 UK Regulatory (RNS & others) AA PLC Holding(s) in Company LSE:AA. Aa Plc
16/09/2019 10:54 UK Regulatory (RNS & others) AA PLC Holding(s) in Company LSE:AA. Aa Plc

etc etc ad infinitum

[cyberbub] 17/10/2019 14:34

Is anyone finding that their News feed for ITX is now showing some Italian announcements only?

[parob] 16/10/2019 17:09

Itaconix on track to meet full-year expectations after a solid first half17/7/19hTTps://tinyurl.com/y3jzy5h6The company is a specialist in sustainable polymers used in detergent, odour control and hair styling During the opening six months it agreed two global supply deals with former AkzoNobel speciality chemicals business Nouryon for detergent and styling polymers Itaconix Plc (LON:ITX) said revenues had grown 59% year-on-year in the first half, while underlying losses to narrowed significantly as it said it expected to match full-year market expectations.The company, a specialist in sustainable polymers used in detergent, odour control and hair styling, said turnover was £500,000 for the six months to June 30.It reckons its loss before interest, tax, depreciation and amortisation will be in the order of £1mln for the period, down from £2.4mln a year earlier. Importantly for company in the early stages of its commercial journey, Itaconix was sitting on £1.5mln of cash at the end of last month.During the opening six months it agreed two global supply deals with former AkzoNobel speciality chemicals business Nouryon for detergent and styling polymers.It also delivered first orders for Itaconix CHT 122, used in environmentally friendly dish washer detergents."Use of our polymers in increasingly broader categories of consumer products has established the foundation for many years of revenue growth, especially when combined with the global reach of our partners," said chief executive John Shaw.

[pugugly] 16/10/2019 15:23

cyberhub \You are so right - Total revenue for the 6 months of GBP 480K as indicated apparently exclude the value of the purchases made by Nouryon which is unspecified. At a guess - I may well be wrong - it is significantly less than the total for all previous 6 months sales - otherwise they would have shouted it to the roof-tops. ~Say topside GBP100K while encouraging it would represent a rounding error in Nouryon's bought ledger and no indication yet of a repeat order from Nouryon which would indicate more than trial volumes sold to some of their customers.

OK Call me a cautious cynic but have seen far too many and been burnt by far too many "green" technologies soar and then crash and burn - (as mentioned above re Woodford!!)

While I am enthused about the promise of the technology and product claims - (which is why I am still here and digging) I need, as is said for them "To show me the money" rather than swamp me with analyst's rose tinted visions.

Still think will need more funding, so at what price - Ok to start the bidding say between 1.25 & 1.5p or in worst case scenario 1p.

THAT IS UNLESS A MAJOR BREAKTHROUGH AND ADOPTION BY A MAJOR NAMED FMCG COMPANY AND MAJOR BRAND - If this happened fund raise would be a a significantly higher level. Odds on this happening before they run out of cash???????????????????????