Itaconix Share Discussion Threads

[geraldus] 30/9/2021 08:26

We really want commitments from the big players to get this swinging.It would be transformational but will take time.Watched the presentation and there is certainly plenty on the back burner but on a need to know basis.

[pugugly] 29/9/2021 16:05

Mike - Agreed but even though a "declared brand" we have no idea - unless we subscribe to Nielsen how large it is within the Colgate stable - 120 (about) brands declared, many of which could be minnows.

Agreed a potentially major ESG stock but taking ages to get real traction - However that is the name of the game - Mum and pop brands (i.e.:- the minnows) have very little heritage to lose, so can take a punt selling though Amazon etc, but major FMCG's are often betting £million t/o brands so have to be very very careful with ingredient or repositioning changes.

John:- He said that in relation, I think and know from previous presentations, to development projects - a very different kettle of fish where keeping under wraps is of critical importance.

[bosbus] 29/9/2021 15:33

I get more depressed each time I hear JS speak. Surely he can afford elocution lessons?
Totally unconvincing. Why am I so overweight here?? Can't sell anything atm

[2350220] 29/9/2021 15:24

Hi PUGUGLY, John S made a point of saying that they Won't give individual names, saying that that would diminish their contracts' trust in Itaconix.
At least that's what I understood.
John

[mikewinvest] 29/9/2021 15:22

Pug, Colgate Palmolive is a major brand - Turnover 15+bn usd

[2350220] 29/9/2021 15:21

Mmm, after each of these presentations, the share price seems to take a hit 🙄
John

[pugugly] 29/9/2021 15:00

Any comments on the presentation?
Did I hear in questions, answer 120 brands and growing? Of so great progress but did not hear names of FMCG majors - Did anyone else hear?

[krp10] 29/9/2021 14:45

Very quiet

[lefrene] 29/9/2021 08:29

If they can prove forward orders of volume commensurate with that predicted £75 million, then one would hope they could borrow funds, if they still have their 38% gross margin. If they anticipate that level of trade they will have clients becoming dependent upon ITX products, since who else could they buy this patented essential ingredient from? A bit more insight into why they are confident of seeing a £75 million turnover, would be welcome, or have we wandered into the Elon Musk school of bs?

[daveboy19] 29/9/2021 08:27

Morning, plonker.

[1liam] 29/9/2021 08:22

Purchaseatthetopn when is ITX going to 100p again? Please advise as it seems to drop every day! Just asking

[pugugly] 29/9/2021 08:00

Just depends on the discount offered and thus dilution for those not able to participate.

[purchaseatthetop] 29/9/2021 07:58

Have a listen to the JS podcast from yesterday. Really positive and energetic. The balance sheet is not so good as I highlighted two posts ago but it is possible that the near future is really bright. If it is the IP Group will step up again.

[eeza] 29/9/2021 07:52

II's will take a far more jaundiced view of the next placing.

[purchaseatthetop] 29/9/2021 05:32

Couple of points from the Interims:

If you want some idea of the scale of the last H1 revenue drop off:

30/6/20 Trade receivables $463K
30/6/21 Trade receivables $274k

This demonstrates that there was a terrible fall in late H1 2021 revenues. We know that months 5 and 6 of H1 2020 were about $500k revenue. Therefore we can guess that months 5 and 6 of H1 2021 were about $300k. A fall of $200k in just those 2 months.

Cash of $1.378m at 30/6/21. Given that ITX raised $1.4m in June 2021 from the IIs we can see that ITX was going out of business! JS in the interview said "the IIs approached us. We did not need them". or something like that. Actually that is rubbish. ITX absolutely needed them.

Trade payables have dropped from $1.404m on 30/6/20 to $499k on 30/6/21 so that is considerably better.

Overall, my view now is that there will certainly be another cash raise so be careful. The $1.4m cash balance at 30/6/21 will be being eaten away unless revenues have really picked up.

Does not change my view that ITX will be 100p in 2023/4. I am holding but given the almost certain cash raise not adding until after it.

Brutally realistic I think.

[eeza] 28/9/2021 22:18

Anything is possible, but how much is probable is vastly different.

[krp10] 28/9/2021 22:00

Really £75m over the 2 years. We are at the moment £3-4m. Is that really possible ?

[gurunostradamus] 28/9/2021 21:20

Excellent podcast targeting £75m revenue over the next 2 years or so. John is very positive about the future prospects. This is a 2+ Year investment. Come 2025 this should easily be £1+. You need to be patient.

[cooltools] 28/9/2021 15:34

Taster for tomorrow - much more upbeat, and gives a good explanation of supply issues.

[peaky01] 28/9/2021 13:40

Liam, PaTT is over at Syme under PiePiper..

[1liam] 28/9/2021 12:39

Purchaseatthetopn when is ITX going to 100p again? Can you please remind everyone of your prediction !!Thanks in advance

[peaky01] 28/9/2021 12:26

Well well well....good old PaTT lying out his trolling teeth again

[peakyscammer] 28/9/2021 12:17

PaTT you are a jinx. I see your missing from SYME

[lefrene] 28/9/2021 12:08

supernumerary, the direction of travel in consumer goods is certainly 'green', but it costs a fortune to educate the consumers, and most manufacturers won't change their ways unless pushed by legislation, on the basis of simple economics until all have to move together. However with fmcg there's lots of space on a soap packet to proclaim your 'greeness', and thus imbue the purchaser with a bit of holier greeness than thou, kudos.

PUGUGLY lets hope not, but there seems an almost deliberate effort by ITX to present themselves as plain as the proverbial ditch water, rather than perhaps being on the cusp of going mainstream, in a wide range of applications.

[pugugly] 28/9/2021 11:53

Listening to the HEIQ presentation on IMC noted that as a result of their accounts and during their presentation share price has now fallen 24% so far - Trust this will not be a precedent of ITX tomorrow from 2:30pm onwards.