Itaconix Share Discussion Threads

[purchaseatthetop] 26/1/2021 13:14

TGTW my calc is that we need well north of $6m for break even as overheads with new recruits and staff.

Lefrene....we can get to $15m with existing plant and then it is another $500k to increase capacity again. We have a couple of years before we hit that problem maybe.

[parob] 26/1/2021 13:12

Will be very surprised if this isn't tipped somewhere soon.

[lefrene] 26/1/2021 13:07

The prospects appear exceptional here, with patents for an essential component to meet the green requirements of industry, that wants to satisfy quickly rising consumer demand for 'green'. It gives brands a chance to re-new their image with new products at better margins. Quite likely ITX won't be able to make the stuff fast enough, hence my repeated view that heavy duty capital will move in.

[the ghost who walks] 26/1/2021 12:59

I'm actually quite pleased with release, I think it puts a floor on the share price.

[the ghost who walks] 26/1/2021 12:58

5mln was my forecast for 2021, and I believe that will mean breakeven

[astralvision] 26/1/2021 12:23

Parob, that is my understanding as well.

[purchaseatthetop] 26/1/2021 12:21

OK thanks Parob....my mistake. Scrub my guess its rubbish!!!

Redo it. Total is $2.9m (slightly ahead of forecast). That makes H2 $1.8m (increase of $700k on H1).
Same $700k increase H1 2021 = $2.5m, H2 2021 = $3.2m - total $5.7m 2021.
That is with no increase in rate of development. Which is unlikely with the new S+M VP plus exposure.
Good to go. Excellent.
BTW.....TGTW's.....you win.

[parob] 26/1/2021 12:16

When they stated slightly ahead in the RNS, I think they were referring to the previous forecast of $2.8, ie $3m is slightly ahead of that.These are new forecasts from N+1 based on today's update - that is my understanding anyway.

[purchaseatthetop] 26/1/2021 12:12

OK....my guess:
If ITX say 2020 was slightly ahead of market expectations. These expectations were $3m for 2020. Say slightly ahead is $3.15m (only 5% more). That makes $1.1m H1 and $2.05m H2 2020. That is nearly doubling half to half. Even at the same rate of rise $950k per half, that makes $3m Hi and $3.95m H2 2021 total $6.95m = cash positive.

[purchaseatthetop] 26/1/2021 12:07

Rivaldo....excellent data...thanks. Highlights that firstly ITX has over performed and the readers of the RNS have misunderstood. More importantly I am still in with a shot for my bet with the Ghost Who Walks!!!

[parob] 26/1/2021 11:59

Thanks for sharing rivaldo. Really pleased with that. Better than I expected.

[rivaldo] 26/1/2021 11:56

N+1 Singer will introduce forecasts for the current year when the prelims are out.

They've increased their forecasts as follows:

- revenues increased to $3m (from $2.8m), implying $1.9m in H2, i.e an annualised $3.8m with no growth at all
- net cash increases to $1.4m (from $1.3m)
- EBITDA loss reduces to $1.1m (from $1.2m)

Not unreasonable to expect say minimum $5m revenues this year?

[purchaseatthetop] 26/1/2021 11:38

I am giggling. I bought more at sub 5p and I reckon we will be back at 6.5p by end of day. The drop was 50% sellers wanting action quicker and cashing in and 50% MM's trying to force the wobbly out. Now the fact that ITX has delivered everything they promised will come to the fore and people will start reading between the RNS lines.

[parob] 26/1/2021 11:34

Wonder if we'll see a full intro-day reversal today.

[lefrene] 26/1/2021 11:26

Breaking into these big brand essential consumer goods market is no small achievement. But having a product where the big boys are coming to your door, is the crock of gold at the end of the rainbow. I remain of the view that one of their major clients will want to buy them out, it's just a matter of when and how much.

[astralvision] 26/1/2021 11:22

DaveI give up! You think it's easy growing the turnover from $1.3m to over $2.8m in a year?What investors want is a moat position, quality , dependable recurring revenues that are growing like the clappers. ITX delivers all of that. Market cap something like £25m or so, cheap as chips!If you've got some gems of your own please pass them my way as always on the look out for quality. Failing that I'm buying more ITX!

[purchaseatthetop] 26/1/2021 11:15

I just bought more....going to rise strongly now. Load in team IMO only

[the white house] 26/1/2021 11:10

Yup, BUT as previously, when Boris Johnson hair shine shampoo has bought in for December then in 2021 that order will be 12X not double Once they are in they are in ; Itaconix is for life not just for Xmas

[the white house] 26/1/2021 11:07

Half time in tonight's footy then'

[the white house] 26/1/2021 11:06

Too late, riding again, never be this low again

[dave4545] 26/1/2021 11:04

But turnover is tiny, it's easy to increase it 100%.

The market cap went from £7 mil to over £30 mil.

It's not justified short term, it's just hype. You lot did a good job getting it from 2p to 8p in a few weeks.

[janhar] 26/1/2021 10:54

Ditto - waiting for it to settle