Itaconix Share Discussion Threads

[garth] 23/8/2019 12:02

Just looking over finals and interims. Although they have cut costs and are growing revenue at a good rate (albeit from a low base) they are going to need more cash within 12 months... Currently £6M market cap. They are going to have to dilute significantly to get what they need to see them through to 2021. How do people feel about that?

G.

[wololol] 23/8/2019 12:01

I think people are realising this is heading back to 4-5p short term back to the point where woody started selling so there's still significant upside.

[the patient investor] 23/8/2019 11:58

Somebody paid 2.59! Leak of something major? That is £6k worth of shares.

Bodes well.

[parob] 23/8/2019 11:34

Evening Standard article in April:hTTps://www.standard.co.uk/business/market-minnows-itaconix-market-minnows-itaconix-is-tapping-into-investor-demand-for-ecofriendly-a4106116.htmlIn January the firm inked a deal with chemicals giant Nouryon, which will market the polymers to its large customer base. It has a similar  supply and marketing agreement with Croda International. With these two on-side Capital thinks revenues will hit £1.7 million in 2019, £3.5 million in 2020 and £6.5 million in 2021, the year the company is also expected to break even. Capital adds that Itaconix could hit £100 million in revenues by 2029.Capital says: "We believe that these deals support strong revenue growth in the 2020 to 2021 time frame."

[jungmana] 23/8/2019 11:34

Markets closed on Monday. Opens Tuesday

[si c] 23/8/2019 11:18

If JW puts out a positive podcast this weekend it could fly on Monday.

[the patient investor] 23/8/2019 09:18

Market reaction to JW buy :-)

I think its a tree shake shake shake

Ready to add if it goes further down

[rakepat37] 23/8/2019 08:55

Hopefully c a podcast this weekend from him , seriously undervalued stock

[parob] 23/8/2019 08:45

Justin Waite has bought in. Just confirmed on twitter.

[ssrover] 23/8/2019 08:41

jungmana the conman

[jungmana] 23/8/2019 08:32

Good start to the day as we head back to 4p in a few days.

[parob] 23/8/2019 08:25

Great to see you here GN! Buy the dips when you can... still way way undervalued imo. As I mentioned yesterday the move reminds me of early days BIDS. MC just over £6M and look at the revenue forecasts!

[si c] 23/8/2019 08:24

Go have a look at Justin Waites twitter feed.

[global nomad] 23/8/2019 08:22

Parob, i have been holding an initial holding here, considering when to add...

[once bitten1] 23/8/2019 08:17

Heard it all before in bucket loads .. ignore the Rampers .. and wait . Standard stuff.

[si c] 23/8/2019 08:14

Rumour that Justin Waite was about to post a video on ITX before yesterdays big move.

[si c] 23/8/2019 08:13

Bit of momentum now. 3p looks doable in the next few days.

[rakepat37] 23/8/2019 08:09

Great move up today

[parob] 23/8/2019 05:58

The share price was 2.2p when this analyst interview was filmed on the 27/6/19. The analyst said that global peers with similar technologies are valued 3-5 times higher than Itaconix citing Woodford's large holding was depressing the price. Listen from 2 mins 40 secs. hTTps://tinyurl.com/y2pk2zh5

[ny boy] 23/8/2019 00:40

Cyberhub, yes could be any multiple if all pans out well, it’s why I have these as a 10 year hold, just need to stay very patient.

Hope67

Good.. I hope 4p resistance is broken but I have no idea about short term moves, more a long term investor.

I am doing the same with (PPS),(PHC) & (MSYS) which I expect to perform very well over the long term. Dyor as usual.

[cyberbub] 22/8/2019 22:20

If Itaconix was to capture over the next few years just 20% of the $600M global market for consumer product polymers, at a margin of 20%, that would be $25M gross profit. That could be around £14M after tax, especially if the GBP continues to fall. At a reasonable p/e of 15, that would be £200M market cap, and say 350M shares in issue we could be at 60p...

Optimistic and all "if"s at this stage of course, however all perfectly conceivable IMO. Certainly 2p looks very cheap for people willing to buy and hold for 3-4 years anyway!!

No advice intended DYOR etc

[parob] 22/8/2019 18:30

Itaconix on track to meet full-year expectations after a solid first half17/7/19hTTps://tinyurl.com/y3jzy5h6The company is a specialist in sustainable polymers used in detergent, odour control and hair styling During the opening six months it agreed two global supply deals with former AkzoNobel speciality chemicals business Nouryon for detergent and styling polymers Itaconix Plc (LON:ITX) said revenues had grown 59% year-on-year in the first half, while underlying losses to narrowed significantly as it said it expected to match full-year market expectations.The company, a specialist in sustainable polymers used in detergent, odour control and hair styling, said turnover was £500,000 for the six months to June 30.It reckons its loss before interest, tax, depreciation and amortisation will be in the order of £1mln for the period, down from £2.4mln a year earlier. Importantly for company in the early stages of its commercial journey, Itaconix was sitting on £1.5mln of cash at the end of last month.During the opening six months it agreed two global supply deals with former AkzoNobel speciality chemicals business Nouryon for detergent and styling polymers.It also delivered first orders for Itaconix CHT 122, used in environmentally friendly dish washer detergents."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," said chief executive John Shaw.

[the patient investor] 22/8/2019 16:31

the trades appear as sells but they are all buys. offer is 2.23

absolutely great finish, bodes well for tomorrow

should we get a good rns at 7 this could be 3p or even 4p by 9 o'clock

[the patient investor] 22/8/2019 16:26

i guess this is the very last chance to acquire shares in this potential 10x bagger at this great price

tomorrow they could start motoring even more seriously than today

a classical early retirement share

i am 60