Itaconix Share Discussion Threads

[hope67] 17/8/2019 10:35

worth a read

[...]

[parob] 17/8/2019 08:30

Have built a decent position this week.hTTps://tinyurl.com/y3yyanxj27/6/19The company now has established routes to market in multiple product areas, and we believe this offers a compelling platform for revenue growth in 2019, 2020, 2021For fiscal year (FY) 2019e, in spite of a delayed ramp-up of sales earlier in the year, we continue to forecast revenue to more than double. We are forecasting 2019e revenue of £1.5mln, with the underlying (LBITDA) loss narrowing to £1.5mln. We are forecasting a positive year-end net cash position, and we believe that cash resources are sufficient to fund the company's development through to profitability in 2021.In our in-depth report - "Gaining global reach, March 2019" - we highlighted a number of global comparators, companies with similarly sized market opportunities, and similar or earlier-stage levels of development. Market valuations of these peers suggest 3-5x upside to the Itaconix share price. We believe that the valuation of Itaconix may be depressed due to the shares held by Woodford Investments, whose issues have been widely reported in the media. This overhang notwithstanding, we believe that the fundamental value proposition can drive a re-rating during the next 12 months.------Just waiting for that TR1 confirming Woodford is out now, hopefully this coming week.

[hope67] 16/8/2019 19:26

24k buy from the 15th

[hope67] 16/8/2019 16:55

Nice tick up at the end

[si c] 16/8/2019 16:36

It's never over till the fat lady sings.

[pictureframe] 16/8/2019 16:19

like i said , cant hold a gain to much churn

[hope67] 16/8/2019 14:00

Demand for the Company's proprietary detergent, odour control and hair styling polymers continued to grow from steady penetration of their use as key functional ingredients in an increasing range of everyday consumer product formulations for home and personal care.

As a result, unaudited revenues for the first half of 2019 grew to £0.5 million, which reflects a 59% increase over the same period in 2018 and a 33% increase compared to the second half of 2018. First half revenues also represent 72% of revenues for the previous full year.

Unaudited EBITDA was a loss of £1.0 million, compared to a loss of £2.4 million for the same period in 2018 and a loss of £1.4 million for the second half of 2018. These reduced losses reflect the success of the Company's efforts to reduce the overall cost base while growing revenues.

Net cash as at 30 June 2019 was £1.5 million. Net cash as at 31 December 2018 was £2.1 million.

In addition to increased revenues and reduced EBITDA losses, the Company achieved important commercial milestones to support continued growth:

· Completed two global supply agreements with Nouryon for Itaconix detergent and hair styling polymers;

· Delivered the first purchase order of Itaconix® CHT� 122 for use in a European non-phosphate automatic dish detergent; and

· Completed the divestment of its legacy nicotine gum business with the sale of its interest in Alkalon A/S for £0.2 million.

With this first half financial performance and commercial progress, the Board believes the Company is currently on track to meet market expectations for the full year.

John R. Shaw, CEO of Itaconix, stated: "Revenues for the first half of 2019 show a growing base of end-product formulations where our polymers are delivering key functional advantages. Use of our polymers in increasingly broader categories of consumer products has established the foundation for many years of revenue growth, especially when combined with the global reach of our partners."

[timw3] 16/8/2019 13:55

directors also bought loads last year as well

[hope67] 16/8/2019 13:48

Its easy money for the brokers but the directors took 10 mill see the last rns and if you think its going to drop to 1.1 you are having a laugh. This was 4p before Woodford started selling.

[shirley83] 16/8/2019 12:57

OMG summertime low volumes. We have traded over 70%.i would hardly call that low. Its got to move forward on that volume soon. :)

[the patient investor] 16/8/2019 12:55

Very good dex

Just buy more if you believe in the story

If not you MUST sell now.

Otherwise you are in a huge contradiction

Difficult to grasp?

[dexdringle] 16/8/2019 12:52

the patient investor 16 Aug '19 - 10:03 - 1580 of 1607 "Dex is lost, he is totally confused"

Nope...…..

JULY 2018 Itaconix, a leading designer and manufacturer of specialty polymers, confirms that, further to the announcement made earlier today, it has conditionally raised c. £3.4 million before fees and expenses by a Placing of 107,300,000 Placing Shares with certain existing and new institutional and other investors and by a Subscription of 61,260,000 Subscription Shares with certain existing US shareholders and other US investors at the Placing Price of 2 pence per share. The Placing Price of 2 pence represents a 70.4 per cent. discount to the Closing Price of 6.75 pence on 28 June 2018, being the last day prior to the suspension of the Ordinary Shares from trading on AIM.

This is when I bought the extra shares at 2p. I bought 30,000 @ 30p (£9,000) when it was Revolymer and another 70,000 @ 2p (£1,400) in the above July 2018 Placing. Which is 100,000 shares at a cost of £10,400 = average 10.4p a share.

Is that a bit too difficult to grasp ?

[ny boy] 16/8/2019 12:51

This has been a great top up opportunity, same over at (PPS), nice to take advantage of summer time low volumes pull backs etc

[timw3] 16/8/2019 12:35

bid moved up to 1.74p... going to have a go at cracking 1.8p soon

[letmepass] 16/8/2019 12:24

Another 500k sell. Mms happy to keep it here.

[timw3] 16/8/2019 12:23

ignore the attention seeking clown.. read his posting history and his twitter feed..

absolute moron

[smackeraim] 16/8/2019 12:22

There apparently was a book build, at 1.1p for Woodfords shares. An email was posted on Twitter yesterday confirming that something happened. Most likely people selling at the 1.7-1.8 level with a decent profit from that. When it is gone though...

[letmepass] 16/8/2019 12:21

Might add at 1.1p though

[letmepass] 16/8/2019 12:20

Think about it. Can't get passed 1.8p..why? Look at all the large sells. Placing maybe at 1.1 p

[letmepass] 16/8/2019 12:18

Timw dont do twitter but goid luck

[letmepass] 16/8/2019 12:17

Dont worry guys i hear its not a big big dilution just a BIG one