Itaconix Share Discussion Threads

[purchaseatthetop] 28/1/2021 12:58

Loving it. Topped up at 4.9p and now it moves in cue upwards. I love it when a plan comes together!!!

[hsdeo] 28/1/2021 12:44

Looks like a rebound and move up before results in the next week or so. Bought some back from the ones sold yesterday. GLA

[parob] 28/1/2021 12:41

Encouraging price action today so far. Let's hope 5p is the floor.Market cap back down to £21M.

[the white house] 28/1/2021 11:23

Make that 5.1

[the white house] 28/1/2021 11:22

Gone long September @ 6.1No mention here of price of product, seems pretty inelastic given the prime position. Has anyone knowledge of pricing past and current. Future reasonable price rises likely to cause little or no reduction in demand while changing overall position going forward considerably

[purchaseatthetop] 28/1/2021 11:10

Just bought more at 4.97p. Very happy with that. Increases my average cost but far more shares for the buck than I expected. Will add as we go along. It is what this share is worth in 2 years that counts - not the ridiculous fall to 5p now.
IMO only and it might be a disaster!!

[lefrene] 28/1/2021 10:54

Looks like there will be a chance to buy at 4p before too long. Anyone would think this company was going backwards instead of full steam ahead.

[purchaseatthetop] 27/1/2021 17:02

hsdeo.....fully agree. Luckily I started buying at 2.2p and mostly bought at around 3p so despite several later purchases above 5p I am still well in the blue. Nice and comfy with the prospects for this company.
I can see no issues about this share being 25p in 2 years. Easy. Infact it might get there quicker. I can see little downside.
So...I will keep buying as and when the price is still at this level. I would have bought more but MCRO has started its pre-trading update zoom so money has gone there instead.
Investing is all about patience and taking a philosophical attitude to price drops. See opportunity in drops if you believe in the fundamentals. Celebrate the rises a year to two later.
GLA

[hsdeo] 27/1/2021 15:45

PATT - its all about holding your nerve. I did sell a few this morning but have a core holding which is little in the red. But have cash waiting to see what happens.

[gridlock1] 27/1/2021 15:12

Purchaseatthetop

Must admit, I see this as a couple more years so although a little cheesed off it's gone down towards 5, it's not a problem in my eyes as still believe this will do well with many new contracts announced during this year and 2022.

It's a shame that the MM'S get to scare a lot of people, have had this done to myself on other stocks over the years, but it's not happening with these.

[purchaseatthetop] 27/1/2021 14:55

TGTW's..on price drop....
It may sound ridiculous but as I intend to hold for a couple of years at least (unless we are bought out) I am absolutely delighted.

I have another £25,000 arriving from a different old pension that I am transferring and that should be in my SIPP on Friday. At 5p this is a bargain and I was going to buy more even if it were 9p now.

So...please drop further. Makes no difference to what the price will be in 2 years and I will have a lot more.

Sorry if anybody is in the red or wants to sell.

[cyberbub] 27/1/2021 14:53

Topped up 100k at 4.94, shown as a sell, there must be a larger delayed sell in the system, perhaps the MMs were fishing for stops at 5p?

[the ghost who walks] 27/1/2021 14:45

Shame we have broken through 5, was hoping we would hold that

[parob] 27/1/2021 13:52

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[elsol] 26/1/2021 20:21

There is a theme of large after hours purchases developing 1m shares tonight...someone's building a small minority holding. They could have a few % by now. Possibly an RNS within a week or two.

[hsdeo] 26/1/2021 17:17

I managed to get hold of a few more at 5p. I sincerely hope that this can ten bag from here before the ceo sells. I really do want to retire early.!!

[lefrene] 26/1/2021 15:59

I imagine the CEO has a figure in mind, and at this point of the curve I suspect it wouldn't be less than £200 million? He must know the true potential of what he has, and the current size of the phosphate industry that ITX stands to displace.

Incidentally does anyone here have an idea of how big the phosphate slice of the cake is in detergents, and personal care markets?

[the ghost who walks] 26/1/2021 15:26

Plus with a ceo who has skin in the game and who is not afraid to sell a company

[lefrene] 26/1/2021 14:58

It's taken a very long time, no doubt far too long as far as Neil Woodford is concerned, (never mind it was only other peoples money!). But now here's a company apparently poised to break into the big time with a basic essential commodity type product upon which it has multiple patents.

As you say purctt IP licensing is an option, to go large swiftly if circumstances require it. It's not often one comes across a high tech small cap with no major financial issues, looking like it's on the launch pad for the big time, and yet still under £30 million cap.

[the ghost who walks] 26/1/2021 14:51

Completely right lefRene on the risk profile, that's why I think today quite important release. Downside is capped I believe, this won't go back to the 2-4p levels now. I th8nk a few good announcements and we move to 10p range

[purchaseatthetop] 26/1/2021 13:31

Lefrene...if that happens then ITX becomes an IP licensing company to all the big boys.
Agree with the market cap you quote. The sky is the limit for this share. If one of the big boys had a solution we would be bought immediately by another big boy so I see no risks.
We will see but I am adding on every dip.

[lefrene] 26/1/2021 13:25

purttp, With Biden's crew in power there could well be a sea change as they seem determined to micro manage as much as they can. It only takes an edict to ban phosphates, and ITX could swiftly find itself going exponential, it is after all a largely US business. Anyway the high risk times seem now behind this company, it's going from pure survival to rapid growth. I suspect were this US business listed in the USA, it would by now have a growth premium rating and imo likely a market cap in excess of £100 million based on the prospects. Only one of the big boys announcing they have their own solution, would seem likely to spoil the outlook.