Itaconix Share Discussion Threads

[purchaseatthetop] 10/9/2021 11:43

I am really shocked that some posters have not turned up to ask how I am feeling with ITX up 15% and AGL up 6% today.....

[bamboo2] 10/9/2021 11:41

Background noise seems to have dropped off.

[purchaseatthetop] 10/9/2021 10:27

7.5p today. Would be nice. Strong buying.

[purchaseatthetop] 10/9/2021 10:18

One piece of positive news is all it took to bring back the energy. Happy to hold. Happy to add.

[purchaseatthetop] 10/9/2021 10:00

Parob....I had a look at MOS a while back and it was the purchase of their own company Kruchdata that concerned me! AIM for you.

[parob] 10/9/2021 09:51

Have been travelling around the UK on staycations for much of the summer hence haven't been positing, however the family has continued to build on an already overweight ITX position. Great news yesterday. Have also been adding to my position in MOS following the RNS on 2/9/21 which I don't think the market has fully grasped...yet. Expecting exponential/recurring revenue growth with that stock too as they revive the legacy business. MCap just £7M. Chart is breaking out having been stuck in a trading range for months and months. Worth adding to your watchlists at the very least imo.

[purchaseatthetop] 10/9/2021 09:26

can't buy on HL

can now just 22,979

[2350220] 10/9/2021 09:23

Whoosh.
Back in (tiny) profit 😊
John

OK maybe 'whoosh' is a bit of an over statement!

[purchaseatthetop] 10/9/2021 08:58

TGWW....we reported only 29% increase H on H 2021/2020 revenue and that caused the steep drop. JS explained delays delayed due to covid but did not place values. That was his mistake. Looking at his words there were two impacts:

1) Delays of existing orders due to customers supply chains for other chemicals being out of order, and
2) Absence of formulators meaning no new products being released.

If we placed a value of say $300k on delayed orders and $200k on new products then the H1 should have risen by $1.85m, not the $1.35m ish reported. The the share price would have been 20p not 6p. If that is the case, and I am guessing, then we could expect a strong H2 2021 recovery.

JS seems to think that because he understands a problem then the market should aswell. That is not the case.

I have added at sub 6p as that is just amazing value. OK...the drop has cost me a huge sum in theoretical profits but I was holding for a few years anyway. We will see if it was a blip or a real issue as time passed.

[the ghost who walks] 10/9/2021 08:48

It's strange that the stock is roughy half the placing price. They've announced a big deal in Europe, which to me means others will follow and means we have better visibility now on revenue for 2h and next year and beyond.I can only explain it by: complete change in perception due to trading update,

[1liam] 09/9/2021 14:55

Purchaseatthetop, with all your vast knowledge of ITX maybe your be kind enough to explain the detail in todays RNS?

[lefrene] 09/9/2021 14:37

It looked like they were almost into profit and then they had that RNS! You could be correct, make the usual excuses before passing the hat around yet again.

[arthur_lame_stocks] 09/9/2021 14:00

This is an interesting company and may have great growth prospects, however, I believe they will need at least one more fundraise so I won't bother investing until they are a bit closer to profitability. I guess I may have to pay a bit more.

[lefrene] 09/9/2021 13:05

I guess like the other 'believers' determined to hang on in here, I look forward to ITX polymers becoming the default ingredient wherever water softeners are required, particularly when it looks like legislation is pushing out phosphates that have been used up until now.

Plus of course as clients come to trust ITX for phosphate alternatives, they will look to ITX for other product innovations/solutions.

So have we now seen the bottom in the price?

[lefrene] 09/9/2021 11:37

Thanks for that cooltools, those are big brands.

[cooltools] 09/9/2021 11:10

If it's Ecover, worth noting it and Method (similar, but in trendier packaging) are both owned by SC Johnson & Son Inc (not to be confused with J&J of course). SC Johnson also own Toilet Duck & Mr Muscle brands.

UPDATE - wikipedia lists their brands, includes Pledge, Kiwi, Glade, Saran wrap - so plenty of opportunities for cross fertilisation.

[darkside5] 09/9/2021 11:03

Hopefully this indicates the supply chain issues have been resolved

[1liam] 09/9/2021 10:09

You trust the management? You're a brave man IMO. They haven't delivered any shareholder value so far, so why should another 10m shares issused be different. Take out winding up costs and there's hardly anything left now. DYOR

[purchaseatthetop] 09/9/2021 10:07

lefrene....fully agree but I guess that ITX do not yet know how large the new product will be. All they can say is that they have the first delivery. That is good.

If you look at the last presentation:
2 new US brands
1 new Eu brand
1 new product

That is the EU brand done
We can expect the 2 new US brands relatively soon
We can expect the new product probably that new patent that I found a couple of weeks ago.

I think that finncap will have a softly softly approach. The hype inflated the bubble and they do not want to do that again. When they have a clearer view of H2 2021 they might put the foot on the gas again but not now. All IMO only but I am very relieved so see at least some news that is good!!!!

[1liam] 09/9/2021 09:58

The RNS was certainly green. The BODs saved on their carbon footprint because there was nothing in it.

[lefrene] 09/9/2021 09:52

patt, the market wants to see the money. What is the value of the order book, what is the margin? Then of course what are the prospects for growth? The bulls here believe the growth prospects are significant as the fmcg world realises that is has to go 'green' to maintain or gain market share. Perhaps our 'advisers' could arrange for an informative article in something like 'Which?' magazine? Educate the punters that they can 'save the planet' by insisting on greener products.

[cordwainer] 09/9/2021 09:51

it's stuck tight and my fingers seem to slippery, i just cant get any purchaseonthetop to open this stock of jam for tomorrow :-(

[1liam] 09/9/2021 09:40

That really was a One Sheet RNS. Yer better off buying Wet Wipes

[purchaseatthetop] 09/9/2021 08:52

this is the start of a slow recovery IMO but I also reckon we should have a succession of positive news items. There are still if I remember 2 more US brand launches for 2021. Slow and steady. No more falls please!

[bamboo2] 09/9/2021 08:42

Eod close above 6.2 validates reversal pattern target approx 7.2