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ITX Itaconix Plc

262.00
3.00 (1.16%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Itaconix Plc LSE:ITX London Ordinary Share GB00BPK3YZ68 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 1.16% 262.00 254.00 270.00 262.00 257.00 259.00 9,827 15:54:53
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chemicals & Chem Preps, Nec 5.6M -2.46M -0.1826 -14.35 35.33M
Itaconix Plc is listed in the Chemicals & Chem Preps sector of the London Stock Exchange with ticker ITX. The last closing price for Itaconix was 259p. Over the last year, Itaconix shares have traded in a share price range of 114.00p to 276.00p.

Itaconix currently has 13,486,122 shares in issue. The market capitalisation of Itaconix is £35.33 million. Itaconix has a price to earnings ratio (PE ratio) of -14.35.

Itaconix Share Discussion Threads

Showing 3751 to 3775 of 10575 messages
Chat Pages: Latest  159  158  157  156  155  154  153  152  151  150  149  148  Older
DateSubjectAuthorDiscuss
23/8/2020
13:01
Elsol. Thank you for that. I note that the broker note disclosed that it did not intend to put a price target on ITX at the stage of writing but felt it could be worth some kind of assumptive exercise.

Funny thing is your calculation based in 3 to 4 times earnings is not far away from my assumptive calculation.

Regardless there is much potential from this level.

rogerramjett
23/8/2020
12:56
If ITX does make it to profit it will have reached critical mass.With little competion and with gathering momentum this type of stock should achieve a premium rating.The essence of a mutibagger.
geraldus
23/8/2020
11:58
Hi Roger. If ITX reach £20m sales in 2023 then crudely you could adopt a 3x to 4x revenue multiple IMHO at the time giving an indicative Enterprise Value (EV) of say between £60m to £80m. So if no or minimal debt at the time then would equate directly to market cap. This revenue multiple is indicative of very strong growth in future which one would expect for ,say, next 10 years (early to mid phase of product adoption and new evolving market switching applications being developed).

So working back to now ITX' share price is currently well below this and has the prospect to double in price in the next six months and to double again by Dec 2021 through the re-rating of the company and unwinding of the discount for risk of delivery of its business plan. As the share price rises obviously over time then investors see the continuously rising share price trend then jump aboard. That's what I'm expecting here. ;-)

elsol
23/8/2020
10:04
Thanks Rogerramjet for the links
webbski1949
23/8/2020
08:57
If ITX are projecting revenue of $25m in 2023 representing £20m at a 40% margin they could see operating profits of £8m. Whilst Opex is reducing due to the focus on sales over product development we could assume Opex of £3m leaving £5m before EBITDA.

the PE for the industry ranges between 20-25 for P&G, Croda and Unilver. Using just PE of 15 which may not represent the potential growth from 2023 onwards and without further assumptions on what Tax, depreciation and amortisation will be, a simple multiple of the estimated £5m profit x 15 PE would result in an MCap of £75m or 17.5p without further dilution.

Anyone think this would be a fair share price sometime in 2023 based on the information and growth projections they have provided ?

rogerramjett
23/8/2020
06:54
Had to watch this again. Its amazing what you pick up second/third time around.

The potential for ITX is huge. Very keen to emphasise that they are now focusing on sales of the current products (revenue) and lessened the development of new products (expenditure).

This is why there will be an increase in margin to around 40% and a reduction in operating expenditure. ITX are coming of the bottom and clearly demonstrate where the revenue is expected to come from with the 2023 target at $25m and the 7 year target at $75m

Copy and paste the link.

www.proactiveinvestors.co.uk/companies/news/925070/itaconix-plc---proactive-one2one-virtual-event-925070.html

rogerramjett
23/8/2020
06:15
Worth a read if not already. Demonstrates that ITX are early stage commercialisation but with major organisational acceptance for its proprietry itaconic acid polymer range.
rogerramjett
22/8/2020
16:06
wax. That would be perfect. After years of investor funding that would see a nice return for those that have supported ITX through the lows.
rogerramjett
22/8/2020
14:06
The best strategy would be to average downand have a long term mind set. I had a fairly high average around 4p and kept buying at the lows. If your average is 10p a few grands worth of shares will really reduce that. I went into my overdraft and credit card to buy at the lows and it's paid off that's how much confidence I had this company will succeed.
wololol
22/8/2020
14:04
Personally id be disappointed if we dont see an MCap of £70-£75 million by 2023. Thats what im working on right now
waxlyricals
22/8/2020
13:49
We need to start looking at the business potential and not the past. If they forecast revenues of $25m in 2023 then for someone today at £7.7m the business looks very cheap.

If they can breakeven next year on projected revenue of $4.5m, which is quite possible looking at the cost of sales and admin and expenses has tended to get better over time. Increasing revenue will also provide economy of scale in manufacturing.

Its very difficult to place a future MCap on a business that is turning around and coming off the bottom but with this in mind 10p would only be a £42m MCap. Not unrealsitc in a years time for a company that is projecting $25m in 2023 and $75m a few years after that.

rogerramjett
22/8/2020
13:23
dexdringle. Don't write it off yet. Maybe not this year (2020) but if they can show strong sales growth and a break even figure some time next year by the time they publish the annual report in 2021, 10p may not be out of the question.

A rise to 3p or 3.5p in the short term will be a good starting point and provide a fairer valuation for ITX who seem to have turned this around.

rogerramjett
22/8/2020
12:44
Thank god. I need 10p a share to break even though - so not holding my breath...
dexdringle
22/8/2020
10:14
To all LTH since the Revolymer days. I raise a glass to us all as I do believe that John has us now on the cusp of a very bright future at last. Cheers!
waxlyricals
21/8/2020
21:32
i have requested a copy : Request a sample Report of Access Control Market at:
leoboy
21/8/2020
13:15
Webbski. How do you know this?
elsol
21/8/2020
09:39
Institutions still buying
webbski1949
21/8/2020
09:05
Morning chaps and chapess's. Great to see a little more interest here. Very nice opportunity short term and into the future.

Seems there are some very large corporations purchasing ITX products. Very strong signal of acceptance and a move towards more sustainable ingredients.

Also a very stable business to be in.

rogerramjett
21/8/2020
08:12
And the World leader in hair polymers Neuryon!
wololol
21/8/2020
08:09
So we now have Itaconix ingredients in products by P&G, Reckitt Benckiser and Croda. Wonder which multi-billion company we'll be supplying next?And a market cap under £8M.
parob
21/8/2020
08:09
Market makers hunting for shares. I can sell the whole lot which they never let me do. Watch it move later. True value at the moment is around 3p IM0 so anything below that is in the buy zone. Interims due next month which I think will be a great read and add more value to the company.
wololol
21/8/2020
08:07
Will be up soon.......glass half full and all that.
core786
21/8/2020
08:00
Down today?
the ghost who walks
20/8/2020
21:39
If there are very positive new catalyst revenue wins in Sept then I agree with you Roger but 3p at year end seems do-able to me and indeed may easily be smashed as you point out. Building in some prudence is probably sensible given the delay to market adoption historically until investors can see the revenue trajectory uptick really being delivered and then one can apply a high growth 2021 prospective revenue multiple to come back to a bigger EV than that today...
elsol
20/8/2020
16:56
Yes. Thanks. Interesting. Broken out above 1.75p. Short term target of 3p in 4 to 6 weeks.

Fundamentally I believe the MCap at 3p is supported by the IP and revenue growth plus the reduction in administration and expenses.

3p should be the base line and anything over and above where we are now will only push it higher

Mr Mir is not taking into consideration any further contracts. I believe it is purely technical analysis. Which is great as everything else will support that move as it is.

rogerramjett
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