Itaconix Share Discussion Threads

[geraldus] 20/3/2018 21:06

Finals due soon. GLA

[geraldus] 20/3/2018 20:58

End of tax year portfolio clear out for some holders.Have found it a good time to get some fallen stars previously,unfortunately already have this and it's not shining.

[battlebus2] 20/3/2018 17:36

Yes not good.

[dexdringle] 20/3/2018 16:53

This is getting ridiculous now.......

[m190812] 15/2/2018 18:50

Revolymer received 25 million in about 2007 to develop non-stick chewing gum which it was unable to sell to anyone. It then converted to nicotine gum which produced a turnover of about 1.3 million - it essentially gave this business away last year. In 2012 it raised 25 million on the basis of some encapsulation technology which it has not been able to turn into a business. It received about 4 million from Woodford around a year ago to buy Itaconix (a company that’s been going for about ten years and never turned a profit). After ten years and over 50 million it can only produce a revenue of 600k.
Your question ‘why are the investors not getting excited?’ Because Revolymer/Itaconix keeps changing what it does and the investors are persuaded to believe that next year, Rodney, we’ll be millionaires. Sadly it has never delivered and the executive has continued to earn fat salaries. At the end of the day investors realise that in companies like this it’s a high risk investment and you only need one of your portfolio to make it worthwhile. Itaconix has 3 million left, about 6 months if they’re lucky - the question is - can they convince the city to provide more money (after 50 million spent on gum (divested business for non-cash) encapsulation (no takers for the technology) and buying Itaconix (already an under performing company close to collapse).
I’m a sense the investors are getting excited, and this is reflected on the constant downward tragevyort of the share price which I think is overvalued for a company which consistently has a burn of 4-5 million and no turnover to speak of and never has had any turnover to speak of.

[dexdringle] 15/2/2018 16:51

....but surely the investors who put in the £15 million must be getting a bit excited (in a bad way) by now ?

[m190812] 15/2/2018 16:30

The market thought they were worth 75p two years ago because they had 15 million of investors money in the bank and they had the same 'poised for growth' messages then as now. Except they haven't converted any of their licenses (which were signed several years ago now) into revenue and with only 600K revenue to show for a 5.2 million loss these 'posed for growth' messages are looking very tired. I saw a recent comment 'couldn't sell water to a thirsty man' which sums up their commercial ability perfectly IMHO. With only 3 million in the bank and a burn of >5 million a year it would seem the share price has only one way to go. Revolymer/Itaconix has burnt through over 50 million of investors money with very little to show for it.

[dexdringle] 15/2/2018 12:42

What I don't understand is why, two years ago, people thought these were worth 75p each and now they think they are worth 13p ?

What was it that made 75p look like good value ?

[pj 1] 14/2/2018 21:39

On the w/l. Good luck with that chart though

[dexdringle] 14/2/2018 21:11

Why on earth would anyone be selling at this price ?

[kinbasket] 14/2/2018 08:37

Although I'd agree with the above comment about a fundraise looking more likely.

[kinbasket] 14/2/2018 08:34

I think it's A but luckily because of B it's not as bad as it could have been.

However, if you're a glass half full kinda guy, it looks like a bit of deck clearing ahead of a period of greater potential. If you believe they've turned a corner it looks cheap.

[dexdringle] 14/2/2018 08:23

I can't make up my mind whether yesterdays RNS was :

a) admitting that they overpaid for Itaconix (bad news) or

b) was saying we had a lucky escape by now being able to retrospectively adjust the contingent (delayed) amount we will now be paying for Itaconix now that the picture is clearer (not so bad news)

[jon123] 13/2/2018 11:18

not at the current cash burn no unless it can start to produce revenue so there could be a fund raising in the horizon

[kemche] 13/2/2018 10:33

Does it have another 18 months?

[jon123] 25/1/2018 08:31

i picked a few more at the rns today i feel its going to start to come together now maybe take another 18 months or so but its heading in the right direction

[aim_trader] 15/1/2018 13:05

Itaconix wwill be presenting to investors at the upcoming Proactive One2One Investor Forum on 25th January in London. For details and registration, please click here:

[shrout] 15/12/2017 16:33

This is looking a bit sorry for itself. Is it a case of no news being seen as bad news, or something else?

Your 45p target receding rapidly into the distance atm bbus! :-(

[dexdringle] 13/12/2017 14:44

Spate of selling on 12th December.

Seems odd ?

[turbocharge] 02/11/2017 17:07

Seems very quiet here

Worth looking into this?

[geraldus] 16/10/2017 14:13

Yes,well placed in their niche,more to come for the patient.

[battlebus2] 16/10/2017 13:16

It's all coming together here now geraldus 👍

[geraldus] 16/10/2017 11:04

Now we get the good news,cynical old me.

[battlebus2] 13/10/2017 10:15

Yes good to see, great long term play imv.