Itaconix Share Discussion Threads

[soultrading] 20/6/2019 13:04

Is there a link to youtube video.

[cyberbub] 20/6/2019 12:37

That sounds very positive wolol

[cyberbub] 20/6/2019 12:36

Volume spiking again. I wonder if my theory about Woodford dumping a few mill in the market and then doing a block sale of 29.9% to someone might be correct? It would certainly be very logical for Nouryon to pick it up, and £2M is pocket change to them.

[wololol] 20/6/2019 12:32

Nouryon just released a new marketing video on you tube for their personal care products with bio based polymers ie ITACONIX and Amaze . Interesting watch type in "your partner for essential personal care products nouryon on your tube"

[soultrading] 20/6/2019 12:04

Looks like a good time to buy. About to bounce off support and make a move up with any luck.

[wololol] 20/6/2019 11:24

Expect a big bounce soon. I could sell all my shares no problems. Huge amount of interest at this level. The results are out of date - we all know the results already i'm more interested in the future orders. I know the personal Care division is doing really well and the revenue with Croda has increased so interesting to see how much

[jungmana] 20/6/2019 10:58

The results will be out next week and as we all know the company is not expected to generate much revenue. Couple witg Woodford holding 33% of shares and the uncertainty with that am afraid this could drop to the 52 week low of 1.4p

[jungmana] 20/6/2019 10:46

Until Woodford are out stay clear. Could drop much lower

[cyberbub] 20/6/2019 10:45

Someone desperate to dump it seems

[wololol] 19/6/2019 19:38

Hold ITX for 1 year and you'll five bag from this price. This company has major ties with the largest chemical companies in the World got to be good right? I'll see you in 1 year at 10p plus.

[pugugly] 19/6/2019 18:01

krp10
Proactive - who publised the forecasts on 10:15, 21 Mar 2019
do not seem to have updated - Last I can find Link
are Year end Dec 31 Current* 2019 2020 2021

Revenue £M 0.7 1.7 3.5 6.5
EBITDA (£m). (4.3) (1.5) (0.6) 1.0
EPS (p) (2.8) (0.7) (0.4) 0.2
Net cash/ (debt) £m 2.2 0.7 0.2 0.5

Happy to be proved wrong if you can find another broker's note or updated Proactive figure. Over to you or another

[ewanwhose] 19/6/2019 17:34

... or take the 33% at a distress price and launch the mandatory offer at that level?(I'm not yet invested, BTW - looking for a lot cheaper or more clarity on profits and cash).

[krp10] 19/6/2019 16:48

Pugugly- I think your broker earning forecast is out of date. Since then they have secured nyouron deal, European deal etc. They already said their revenue for this year is already beaten their whole last year.

[pugugly] 19/6/2019 16:38

2.25p whole iceberg or only part with still more to clear - Could see this dropping belwo the last funding at 2p

cyberhup - Whatever Woodford clears at it will create a new resistance level and implied valuation - Unlikely (imo) to create a Brave Bison bounce - You called FAR nicely for the moment.

[cyberbub] 19/6/2019 15:09

I agree Ewan. Why wouldn't Nouryon take a 29.9% stake at these prices, and Woodford can flog his remaining few million in the market? Perhaps that has already started with the high volume today?Pugugly it's irrelevant what price Woodford sells his big stake at, it's off-market and the new owner of those shares won't be selling.

[ewanwhose] 19/6/2019 14:32

BBSN went at a 20+% discount to a trade buyer which can presumably put work their way. Similar could work well here. I agree funding a problem.

[pugugly] 19/6/2019 13:56

cyberbub- I would want a significant discount - Also as more than takeover offer trigger point would not be prepared to take the whole lot unless at a very very significant discount -
Even the paid research house predicts losses until 2021 which is too far away to have much credibility - will (imo) need further funding and with Woodford gone who would put up the funds except at a VERY significant discount - Consolidation Query.

Year end Dec 31 Current* 2019 2020 2021
Revenue £M 0.7 1.7 3.5 6.5
EBITDA (£m). (4.3) (1.5) (0.6) 1.0
EPS (p) ( 2.8) (0.7) (0.4) 0.2
Net cash/ (debt) £m 2.2 0.7 0.2 0.5

[cyberbub] 19/6/2019 13:22

Look at BBSN today - Woodford transferred his entire holding to another company - BBSN has rocketed with this worry removed. The same could happen here - you would think a big investor who believes in ITX's potential would be happy to take Woodford's holding at the 'low' of the previous placing price?NAI

[pugugly] 19/6/2019 09:58

TPI - A woodford holding - See posts above -

[the patient investor] 19/6/2019 09:57

why the continues decline?

[pugugly] 19/6/2019 09:55

cottoner - Thanks - Suggests an iceberg sell still to be posted - Pictureframe agreed re price BUT revenue and bottom line still poor. Sitting on the fence is uncomfortable but better than getting boiled alive if share price continues ot fall.

[pictureframe] 19/6/2019 09:32

Waiting before I add - around 1.9/2.00p would be nice!

[cottoner] 19/6/2019 09:25

Just did a dummy buy and got quote @ 2.375.

[pugugly] 19/6/2019 09:22

Those marks at 2.375 look to me to be sells and not buys - If you look at yesterday's trading history - Unless MM's are unloading at a loss - Unlikely BUT maybe they do not want to get stuck with any stock on their books if Woodford is forced into a fire sale.

[pugugly] 17/6/2019 18:01

cyberhub - No idea - Data ex a link on the Woodford Patient Capital Thread -
Link

Value of his holding at that time e&oe by calcualation was about £2.27M and based on monthly value of trades in ITX looks as thought would take some 1 and a half years to clear. Ouch !!!!!!!!!