Itaconix Share Discussion Threads

[korvet] 26/8/2019 09:04

But useful to observe the theme of the narrative. L

[parob] 25/8/2019 14:41

Spotted this little vid posted by hazl on the BIDS bb. 100 BAGGERS: STOCKS THAT RETURN 100-TO-1hTTps://www.youtube.com/watch?v=cvSeEVuhmwYFrom the 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.What kind of market cap would we be looking at with £100 million in revenues? So I believe ITX has the potential to be a 100 bagger from this level given time.

[parob] 25/8/2019 13:09

From page 3 of research report. Given the large addressable market for its products, we expect Itaconix to extend into additional applications for its current polymers and to expand its product portfolio with new products in key market opportunities. -----Multiple applications means more news flow.

[parob] 25/8/2019 11:22

Most recent interview with John Shaw.18/7/19hTTps://youtu.be/PlxVxzJ11ScItaconix looking to scale the business now the foundations are in place.

[wololol] 25/8/2019 07:55

Just taken another look at Jim Gordon's Linkedin profile - Director Cleaning and Hygiene. For those who don't know he previously worked at Unilever for 10 years in their auto dishwasher department. The point being ITX have previously secured new deals using employee ties.
Croda - Bryan Dobson is ex Croda
Solvay - Kevin Matthews is ex Solvay

[hope67] 24/8/2019 23:28

03 May 2019

Itaconix plc ("Itaconix" or the "Company")

First European Order for New Detergent Polymer

Itaconix is pleased to announce that, following successful trials, it has received its first order from a European customer for its latest bio-based detergent polymer. The customer is a major producer of non-phosphate automatic dishwashing detergent products. Itaconix polymers allow formulators to meet increasing consumer demands for environmentally-friendly products without compromising performance.

The new detergent polymer, which was introduced in 2018, has gained broad use in a new generation of North American automatic dishwashing detergents. However, this expansion of use into the European market represents a significant milestone for the Company due to the higher performance demands for automatic dishwashing detergents in Europe.

Dr. Jim Gordon, Director of Cleaning & Hygiene at Itaconix, said: "Europe presents special challenges for detergent formulators. Hard water conditions and high-temperature dishwashing machine cycles create difficult barriers for new detergent ingredients to gain acceptance. Building on our success in North America, we have now demonstrated that our new polymer delivers unique value and performance that meets the demands of European customers."

John R. Shaw, CEO of Itaconix, stated: "As phosphates are phased out due to environmental concerns, our novel bio-based polymers are stepping in to enable a new generation of safer detergent products that set new standards for performance, value, and increased sustainability. We expect European detergent use will support our forecast revenues for 2020 and beyond."

Ends

[hope67] 24/8/2019 13:17

Excellent point Wol

[wololol] 24/8/2019 11:29

Nicely said Hope. What gives me confidence is the Group Finance Director Laura Denner has gone from circa 1 million shares to 6.7 million shares on the 5th August. Now as Director finance and Operstions you don't buy that many shares unless you have a very good idea of future revenues and where the price could head

[hope67] 24/8/2019 10:37

Do think they need to update their presentation

[hope67] 24/8/2019 10:30

Justin waite bought he likes ITX ticks all his investing criteria boxes, the price was hammered too low on Woodford selling. I think it will keep rising back to around 4p and form a base until we get more news I am confident over the next 6 months the price will see 8p again. All you need is patience I am sure the bod are working on other deals. Looking forward to the next update.

[wololol] 24/8/2019 09:32

From page 4 of that research doc.. partnered with the biggest players

Odour control - Croda, world number 2 in the segment

Non-phosphate detergents - Nouryon, world number 1 in the segment

Hair-care / personal care - Nouryon, world number 1 in the segment

You don't get much better than that and still only valued at 7million?!

[jungmana] 24/8/2019 08:04

"We argue that the market values these types of companies relative to their addressable market size, rather than on a one-year or two-year forward revenue multiple. On this basis, we believe that the current valuation of Itaconix leaves significant upside."Itx should be valued at least 3 times Fridays close imo. I agree with the above statement in the article

[parob] 24/8/2019 07:59

Morning GN. Try this: hTTps://tinyurl.com/y47uakdhThat better?

[global nomad] 24/8/2019 07:54

hi Parob, link not working....

[parob] 24/8/2019 07:40

16 page research doc from April 2019 when the share price was 2.55p. Check out revenue potential on page 10 and also the table of peers and their valuations on page 12:ValuationWe next consider the market value of Itaconix compared with other high growth potential companies in the speciality chemical / advanced material space.These companies do not compete in the same product areas as Itaconix, and indeed there are no direct peers; however, the proxies we have chosen here share common characteristics with Itaconix - companies with proprietary new advanced materials with large market potential.hTTps://www.proactiveinvestors.co.uk/news/downloadResearchPdf/430664

[babbler] 23/8/2019 18:54

urgh old thread.

[babbler] 23/8/2019 18:53

was 1.1p a week ago.

[snoopy12] 23/8/2019 18:37

Thanks Parob for highlighting it on the BIDS forum. Should do well with my small stake here.

[babbler] 23/8/2019 16:16

2 months... not 6. As it was launched in April.

[parob] 23/8/2019 15:59

Price holding up very well again today. Looking forward to some similar moves next week especially if ITX gets a mention over the bank holiday weekend!

[garth] 23/8/2019 15:41

Thanks Cyberbub, measured response. Appreciated.

G.