Itaconix Share Discussion Threads

[letmepass] 23/8/2019 15:40

Eow.. 0.5 million. They are rich.. LMFAO

[parob] 23/8/2019 14:51

We are already generating revenues and they are about to increase rapidly. From the recent trading update:As a result, unaudited revenues for the first half of 2019 grew to GBP0.5 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.Remember Amaze share price (Itaconix polymer) was only launched in April:hTTps://www.nouryon.com/news-and-events/news-overview/2019/nouryon-launches-bio-based-polymer-for-weightless-hair-styling/Nouryon launches bio-based polymer for 'weightless' hair styling

[rakepat37] 23/8/2019 14:45

We r at a crucial tuning point as we have and will make word wide deals - revenue generating around the corner

[cyberbub] 23/8/2019 14:32

Garth at the risk of repeating ourselves - yes we know they need to raise cash again early next year, probably £1M-1.5M. But if Mr Market sees that revenue is continuing to grow rapidly (interims due soon) then it should be possible to raise that at or above 4p IMO. £1M at 4p is only 25M shares, a modest 10% dilution - then onwards and upwards as revenues continue to grow... That's how growth companies work! Cash raising is nothing to fear as long as (a) it's used for growth and (b) it's done at hopefully higher prices each time! Although they did do a big fundraising last year, ITX is not a potless miner which dilutes itself by 100% every 6 months... At least it's not in my opinion....NAI

[rakepat37] 23/8/2019 14:05

Lets get back to fair value of 6p minim

[si c] 23/8/2019 14:03

Or 74Tom - Simply the situation changes.

[parob] 23/8/2019 13:29

Wonder if JW will still cover ITX over the weekend. Market cap is still very low, so hopefully he will.Currently 2.7999p to buy small amounts.

[74tom] 23/8/2019 13:23

Totally agree Si, if the price went up to 50p next week he’s not going to sell apparently...

[si c] 23/8/2019 13:14

How the hell do people seriously say "I'm holding for 10 years"? makes me laugh everytime I see it.

[garth] 23/8/2019 12:56

the patient investor,

You have been on here three years. I have been on these boards for 20 years. You don't know me. I don't "deramp" (whatever you think that means) its just not my style. I do, however, engage in meaningful discussion and ask the pertinent questions.

DYOR.

G.

[wololol] 23/8/2019 12:43

A lot of risk has already taken out of ITX though because they already have agreements with the largest chemical companies in the World. In addition their IP is probably worth about millions alone with the prospective to develop the tech further. Also, they are penetrating multiple markets so have multiple income streams.

[the patient investor] 23/8/2019 12:42

Amazing how the share price is holding so well and nobody is cashing in the great % gain of the last few days

You will NOT get my shares below 10p

FACT

[parob] 23/8/2019 12:39

Itaconix to reap benefits from major deals24/5/19hTTps://www.proactiveinvestors.co.uk/companies/news/213187/itaconix-to-reap-benefits-from-major-deals-213187.htmlBlue Sky:Speaking to Proactive, Itaconix's chief executive John Shaw said that the deal with Nouryon had "validated" the company's business across all of its product lines and that its bio-based polymers addressed "a key need" in the personal care sector.Looking ahead, Shaw said the deal meant there would be "faster revenue growth" in the business area, with the company sales so far in 2019 having already surpassed its 2018 sales in the personal care space.There is also "a very robust pipeline" of opportunities, Shaw said, adding that over the coming months the firm would see a huge benefit from its deal with Nouryon.

[ny boy] 23/8/2019 12:36

Someone’s gobbled up Woodford’s holding.

Gap to 10p on chart but not going to happen today! Stay patient, hold for 10 years, this could become a very big Company, risky but that’s why it’s still in the single pennies!

[jungmana] 23/8/2019 12:25

As I said first target is 4p. Could be achieved next week.

[parob] 23/8/2019 12:25

The market cap is still under £7 million and that's why we are seeing these big daily gains as the price rerates quickly to a more sensible level. We wouldn't be down here in the first place if it wasn't for Woodford!

[wololol] 23/8/2019 12:25

3p on the cards now imo momentum is incredible

[the patient investor] 23/8/2019 12:25

Flying!! 2.70 bid

[the patient investor] 23/8/2019 12:22

2.69 paid, amazing how people are prepared to pay above the offer price

Hapoened twice already in less than half an hour

Garth jump in ! Not too late!

[the patient investor] 23/8/2019 12:19

Garth

Patethic deramping attempt to hide the fact you missed the train

Filtered

[parob] 23/8/2019 12:16

The point is IF they need to raise, it will most likely be at a much much higher price than where it is now imo - and probably not until some point next year. Remember the directors have plenty of skin in the game. They recently bought more.

[garth] 23/8/2019 12:11

In the half year revenues grew 59% to £500K and they burned through £600K of CASH. Net cash was £1.5M

Whatever the note says, it doesn't take a genius to do the sums. They won't be able to issue a going concern statement by the end of next year without more cash - unless something dramatic happens.

Really happy to be convinced otherwise because I was running my eye over it with the the intention of investing.

G.

[wololol] 23/8/2019 12:07

Hi Garth,

This has been covered several times already so we are going over old news.

On the last statement the company advised that no raise would be required. Any how even if they did it would only need to be a small raise and then the share price will be significantly higher so nothing to worry about.

[parob] 23/8/2019 12:06

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.