Itaconix Share Discussion Threads

[dexdringle] 07/12/2023 09:34

Not exactly Christmas though is it ?

Hence the share price halving in recent months. Turns out that, rather than high tech and cutting edge futuristic super growth, this is just another mundane ingredients company.

[dougerboy] 07/12/2023 08:45

30% revenue growth rate maintained puts the company on a $16M 2026 and $20M for 2027 trajectory. That doesn’t look unattractive from my perspective, given the company is very close to BE. Not forgetting existing plant capacity can cover up to $15M annually, I am looking forward to hearing in 2024/25 of investment plans to extend that.

[dexdringle] 07/12/2023 08:18

Poor effort. We needed the turnover to be doubling each year not crawling up at 30% per year.

No wonder these are now under 3p (old money)...

[parob] 07/12/2023 07:38

Gross profit margins have improved, supported by higher volumes from smaller accounts and beauty products. The Company anticipates that these favorable gross profit margins will continue into FY2024, aided by reductions in raw material and production costs. The Company expects volumes to continue to grow, with more competitive pricing to customers in FY2024. As a result, revenue expectations are revised to $9.5m or more for FY2024 and $12.5m or more for FY2025, with no change to earnings expectations.

[lefrene] 28/11/2023 16:03

dougherboy, thankyou for sharing that info on Itaconic acid imports, so the technology is becoming more widely taken up, which has to be a positive for all players.

I too will wait it out as I believe there are good profits and good growth prospects, but the disdain these people have for their shareholders suggests to me they don't have the calibre to take the business into the bigtime, and my guess they'll get bought out by more capable hands. So I'll sit to see what happens.

[dougerboy] 28/11/2023 02:41

I share some of this your sentiment lefrene, but I guess/hope! some things are worth waiting (a long time) for. I’m sticking around for a WHILE yet in the belief that what good for the company is good (ultimately) for the shareholders, plus, as you point out, AJP/Thordon on the other thread with regular updates on new product releases provides repeated affirmation that the company is selling more & more.

I’ve been looking at Itaconic Acid imports into the USA and there is 100’s of Tonnes of the stuff coming into the USA. I don’t know what of that tonnage is going to ITX in NH, but a rising tide lifts all boats.

I hope we get a maiden profit announcement soon. I suppose Yvon Durant thinks we might - he bought some shares!

[dexdringle] 27/11/2023 17:22

I criticise IP Group but, in fairness, I myself have a portfolio rammed full of absolute howlers too. Including IP Group itself 🤣

[lefrene] 27/11/2023 14:08

Well they seem to have put most of the money into this white coat operation, so one hopes they're keeping an eye on things. But thanks for that info, do people ever learn from losing other peoples money? No of course not!

But this is so odd, they have a useful technology which actually sells in some measure into the market place, they need to get into profit which would seem pretty close. I can only guess that they are still failing to make it to profit, and don't like to admit it. I imagine them using the £10 million to surround themselves with well dressed 'yes men' to convince themselves that they are something bigger than they are. In the meantime they plainly don't give a toss about the shareholders, something which will not go unnoticed by any funds checking them over as a possible investment.
Guess I'm just hacked off with being kept in the dark by people who should be informing me of how things are evolving. It's not like they're GCHQ!


Just checked the other place AJP08 very kindly lists another raft of new itx products hitting the shelves, so something is working well, it's just the gamesmanship with the shareholders that makes no sense.

[dexdringle] 27/11/2023 13:44

I wouldn't trust IP Group to feed my kitty let alone mind it !

They hung on to their Oxford Nanopore shares all the way down from £7 a share to £2 a share. So they have form....

[lefrene] 27/11/2023 13:38

So they weren't waiting for Thanksgiving before announcing something good to the market after all! Right now the only thing giving me any confidence in this bunch of wilting lilies, is that IP Group are in there minding the kitty!

[lefrene] 23/11/2023 11:15

I presume IP Group must have considerable influence on Board decisions, one would think that they would be pushing to get more exposure in the US. After all they are the ones who have kept this slow boat afloat for so long, and presumably want to see it become a very valuable asset.

So as per usual with AiM everybody sits in the dark wondering if the talk will ever turn into results. I believe this one is nearly there, but am baffled by their determination to hide in the shadows.

[cyberbub] 22/11/2023 21:05

GBP 150 of trading today. It's no wonder people are reluctant to invest.

[lefrene] 22/11/2023 19:05

Thus far jumping through hoops to get on the OTC, smacks of poor research and/or misleading Broker advice. Where are the American buyers? Americans don't like sitting in the dark in the cupboard under the stairs, because the Board won't feed them a titbit every fortnight. Thus one hopes the Board is waiting for a significant event to occur, and after it does perhaps they might change their spots, and actually promote the company to US investors.

[cyberbub] 22/11/2023 10:49

Not sure you're right, looking at the charts of many AIM minnows with a sub-1p share price!

[dexdringle] 22/11/2023 09:56

Perhaps it is easier to chip 3% a day, day after day, off a £3 share than it is to do so off a 3p share....

[cyberbub] 22/11/2023 09:20

I think the real problem here is the severe illiquidity putting people off perhaps?

[cyberbub] 22/11/2023 09:18

There's absolutely no rational reason that should be the case, but I agree it often is. I think it's become a self-fulfilling prophecy on AIM!

[dexdringle] 21/11/2023 21:42

The share price performance since the consolidation is embarrassing.

Consolidation of the shares of small companies are almost always a disaster and this is no exception....

[cyberbub] 21/11/2023 14:06

Agreed. It's essentially a US company at the moment. Hence why a deep pocketed US industrial would IMO be very interested.Plus John Shaw has a million shares. He's not getting any younger and surely doesn't want to sell up and retire with the share price at its lows? If he doesn't seem to be able to generate enough interest in the company corporately, then a buyout at 300-400p might be his exit route. Probably most of the other large insti shareholders would support it IMO.

[lefrene] 21/11/2023 13:27

I suspect you are correct, it's very attractive to a big hitter that wants to go green. All those patents, loads of proven products on shelves, and you just scoop it up, a turn key operation.

Whilst they're very good at the white coat stuff, and have plainly upped their game in getting stuff on shelves, but thus far they're plainly not interested in raising the profile of the business. One would think with the major action to get listed on the OTC, that there would be efforts to raise the profile in the USA.

[cyberbub] 21/11/2023 00:03

I still think the company is a sitting duck for a buyout, like so many minnows being bought at rock bottom prices in the last few months.

The EV here is barely £10M with all that cash, and the company is essentially at breakeven so it doesn't need to burn cash to run the company. Plus it has extensive IP, in the environmental enhancement area that is hot.

Look at some of the 100-200% or even higher premiums being paid by bigger fish for takeovers recently, mostly American, they probably think it's Christmas come early when they see the valuations that AIM companies are on. I see no problem in an industrial big player snapping up ITX for £30-40M EV, frankly a big player would think that was chump change, and keep all the ingredients for their own company's green push. Yes they would have to terminate a few contracts but so what.

Just my ideas of course...

[lefrene] 20/11/2023 09:22

It's doing better than a 'donkey'. not that the Board seems the least bothered about promoting the positives here. They do have a lot of products on the shelves, and seems to be getting a bit of traction. It's 'greener' than a bowling lawn, hopefully the people who want to buy this stuff are 'sticky' and keep coming back for more.

A move into profit with rosey prospects of solid growth, ought to do the trick, but the Board is terribly shy of blowing it's own trumpet.

[dexdringle] 17/11/2023 14:58

Unicorn? Donkey more like 🤣

I think if we had a parrot on the board here it might improve things considerably. Well, they do keep on trying to get companies to put more birds on the board 🤣🤣

[dexdringle] 17/11/2023 14:07

lefrene, stop being so sensible. This is AIM for gods sake where the CEO's office and car are way more important than the interests of shareholders !