Itaconix Share Discussion Threads

[purchaseatthetop] 21/1/2021 16:03

hsdeo....I am a student of MCRO....they are hugely undervalued and I am very sure that the 8/2/21 update will be superb. They have bad history but excellent leadership now. Transformational. I started buying at 215p. My target price is 1,200p in 2022/3.
All IMO as usual. I will buy a material amount to top up by core holding on 1/2/21 after the BMN update end of jan.

[hsdeo] 21/1/2021 15:54

Lets hope the update blows the socks off all of us. I did sell alittle but bought them back so made a little beer money.
PATT - just looked at Microficus - could be good little run upto results as price target was raised recently.

[purchaseatthetop] 21/1/2021 14:56

Lefrene...that is one of the things I really like about ITX. There are hidden nuggets that will deliver immense shareholder value. Only really reading the financials and getting all the circumstantial evidence gives us a spotlight on value. parobs lists, the recruitment, new manufacturing job, hidden extra gross margin, high operational gearing....that is why it is my biggest holding.
It will hit 8p about 4 seconds after the trading update RNS is released.

[lefrene] 21/1/2021 14:44

I suspect you are right purchasett, margins will increase as fuller use is made of the equipment. If their offering is unique then there's the prospect of being able to lift prices as demand increases, thus raising the margin further. But one would expect a big bruiser to buy them out before too long if that becomes the situation.

Lets see how long it takes for the price to push back through 8p

[purchaseatthetop] 21/1/2021 13:33

Ohh...SYME has been suspended. End of the road for sorry investors.

[lefrene] 21/1/2021 13:19

I agree ghost, they raised money to increase capacity to fourfold of what they were doing, which I believe cost £500k? If I'm correct then capacity can be increased without huge capital expenditure, and at 37% margins one hopes that the company can expand out of revenue, or borrow to increase capacity. Now it's close to being risk free I dare there will be Insti Funds looking to get a slice of the action, and no doubt wanting a 'special' deal for their money. I'd love to see it grow so fast that they can begin to buy back shares while they are still below 10p.

[wageslave] 21/1/2021 12:56

Will be glad if that's the case.

[the ghost who walks] 21/1/2021 12:27

Won't be a fundraise in near term, lots of mgt and friends have skin in game from last one. They will drive toward breakeven, if at breakeven the shares will be much higher., that then may be the time to raise to push for the massive revenue targets but may not be needed. It's not the topic now, topic now is revenue.

[wageslave] 21/1/2021 12:22

My guess, and that's all it was, was based around the massive increase in the share price providing an opportunity to improve the balance sheet. The numbers of shares involved would be minimal compared with previous fundraising and would be an opportunity to bring in an institution. Not all fundraises are negative if the company is growing. Had a couple at ITM / CERES recently that have been transformative for the companies.

[purchaseatthetop] 21/1/2021 12:05

My pennyworth...the recruitment of VP sales and marketing in Nov 20 was one step. The new recruitment of the VP Operations is a completely different and important step. The ONLY reason for that recruitment is if ITX has become far bigger than their size at the end of June 2020 and they are looking at capacity increase in the next 6-8 months (above $15m per annum).
They would not have committed to the VP Ops unless they had moved into damn near or actual cash positive operations.

[geraldus] 21/1/2021 11:52

Yes, this must be the most eagerly awaited update so far.I hope we have achieved critical mass as reflected in the share performance - over to you John.

[parob] 21/1/2021 11:48

-- Although demand for household cleaning has surged during the Covid-19 pandemic, major new revenues came from new customer products entering the market with new levels of performance, cost and sustainability.-- We introduced our new Itaconix(R) TSI(TM) 322 detergent polymer with use in two North American dishwashing detergent brands.So I'm thinking Clorox and Dropps but who knows.

[lefrene] 21/1/2021 11:43

gelradus, now they've got this far they might well have some bullying insti wanting them to give them more shares at a bargain price for cash! But if they are now at breakeven and have a lot of excess capacity available, they should not need to raise any more cash. If things are now going really fast then there will be willing lenders out there happy to ride on the company coattails.

When the update arrives it would helpful to be clear about whether they need to raise more cash or not. I don't see why they should and quite a few long term holders who have been heavily diluted already, will not be happy.

[walter walcarpets] 21/1/2021 11:39

scroll down!😂

[geraldus] 21/1/2021 11:38

Thanks for all your efforts.

[parob] 21/1/2021 11:33

Here is the updated list of products (that I’m aware of) containing Itaconix ingredients (DYOR).

I have put what I consider to be the higher volume products (based on my own research, please DYOR) at the top of the list:

Clorox Triple Action Dishwasher Detergent:



Dropps: Oxi Booster laundry pods



Dropps: Lemon Dishwasher detergent pods



Dropps: Unscented Dishwasher detergent pods



Dollar General Ultimate Dishwasher Pacs:



Resolve (Reckitt Benckiser brand) - Urine Destroyer



Family Dollar - Homeline Premium Dishwasher Pacs



Ecover - WASHING POWDER COLOR



Dapple Baby dishwasher detergent pacs
Baby dishwasher detergent (well sold on Amazon and widely across the USA)



Aldi (USA) home brand ‘Radiance Ultra Dishwasher Detergent’



PL360 Pet Stain + Odor Remover



Greenworks:



Method:



Puracy Natural Deodorant:



Puracy Natural Dishwasher Detergent:



Locks In Goodness Natural Hair gel



Beard Shaper Citrus



Nature Clean Laundry Detergent Pacs



Männerpflege - German hairstyling product



GROVIA MIGHTY BUBBLES LAUNDRY TREATMENT



Spots & Stripes Multi-Talented Body Spray


Saaren Taika Ecolution Finnish Hairspray



Cocunat Curl Spray - Curl and wave hold spray



GREAT BARRIER sun lotion



Mango Mazing Thickening Cream (Hair Cream)



Levrana - Russian hairstyle fixer spray



Faultless Niagara PREMIUM SMOOTH FINISH Ironing Spray Pro Grade



CURLS STYLING MILK - ALKEMILLA (ITALIAN HAIR STYLING PRODUCT)



KINKO Microbiomix™ Balancing Deodorant



OdoBan 360 Neutralizer - Odour eliminator



HONEST BUBBLE BATH



ILIA Essential Brow Gel



Peter Coppola - Keratin Intensive Repair Treatment



Italian co-op home brand: Salviette intime lenitive 15 pz



Nature Clean Stink Bombs



Safic-Alcan Clean Deo Natural Ball deodorant



AiiA - 3 products - Day Care Serum, Anti Wrinkle Care Serum and Body Care Serum.



Re Wear Dry Wash Spray (appears to be a new product)



ikoo HEAT PROTECTOR SPRAY(USA)



Sensitive Home - Glass Cleaner, Wood Cleaner & Shower Cleaner.



RIZOS CURLS - LIGHT HOLD GEL (Denmark)



SAAREN TAIKA ecolution MERISUOLASUIHKE 100ml (Finland)



THYST Serum 11(USA)



A greener place - Groom Styling Clay



Ivy & Elder - wear the wind conditioning wave spray



Alkemilla K-Hair Styling Mousse



Naturtint Hairspray



Bulldog Original Beard Balm



Phitofilos (Italian brand) - Brio Hair Mouse



MaterNatura (German brand) - multiple products inc. Wild Pansy Volumising Hair Styling Mousse



MaterNatura Rose Fixing Hair Spray

[geraldus] 21/1/2021 11:14

Surprised nobody has mentioned a final cash raise.That was the main topic a few months back, even after the previous funding.

[wageslave] 21/1/2021 10:48

No, just bought in. But am a realist.

[lefrene] 21/1/2021 10:41

H'mm they should be self funding by now, they should be able to borrow if they need to expand. Short are we? best be quick, there's some figures due out any day now.

[wageslave] 21/1/2021 10:14

What are the chances of a placing to straighten out the cashflow?

[photon] 21/1/2021 10:11

To the accumulation point, 250k trade marked at 9am at 6.044. Price at time was 5.90-6.10 and it was NT to buy while the trade was being worked.

[purchaseatthetop] 21/1/2021 09:38

Time to just leave this share to do its thing until the trading update. MM's will do their thing (just like the sharp drop today) to free up fear shares. I am happy with my holding as it is right now and await the update.

For the moment my two priorities are:
1) BMN - trading update most likely before 30/1.
2) MCRO - trading update booked 8/2.
Both should see rapid rises after these updates. More so MCRO.

Good luck everybody and just ignore the share price volatility. Maybe there is some accumulation going on in the background.

[the ghost who walks] 21/1/2021 08:27

Agree, thanks

[purchaseatthetop] 21/1/2021 08:09

Pugugly....yes we are missing data. That is why the rest of the evidence is key. IMO there is no way the new VP's for Sales and Ops would have been recruited unless actual sales were roaring ahead. Also, the new recruits would have seen the management accounts to just before their recruitment and would be looking at share options. All the evidence points me to be 75% confident that H2 will be over $2m. I am betting that we are impressed. The broker forecast of $1.7m is defining the price and I think we know more now.

[parob] 21/1/2021 08:06

I am not sure how new some of the products are, more of a case that we're only just finding them.From the 22/7/20 trading update:Volumes and revenues increased from new and recurring orders in detergent, odour control, and personal care applications. SIGNIFICANT REVENUE GROWTH has come from customers successfully LAUNCHING NEW dishwashing products using Itaconix formulas based on the Company's new TSI 322 detergent polymer. hTTps://itaconix.com/wp-content/uploads/SDS-Itaconix-TSI-322-HCS.pdfI think this must include Clorox Triple Action pods as the CAS number matches up. Perhaps the two dishwasher detergents from Dropps (lemon & unscented) too.So it sounds like the new TSI 322 dishwasher detergent could be responsible for the jump in revenues in and May and June 2020. Is that how others are reading it?Anyway, I have tweaked the list so that products at the top are those where I personally (DYOR) think we'll be seeing the highest volumes (based on my research). List to follow shortly.