Share Name Share Symbol Market Type Share ISIN Share Description
Itaconix Plc LSE:ITX London Ordinary Share GB00B84LVH87 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.13 -6.5% 1.87 783,358 16:35:15
Bid Price Offer Price High Price Low Price Open Price
1.80 2.00 2.00 1.85 2.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 1.29 -1.36 -0.50 8
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:15 UT 200 1.87 GBX

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Date Time Title Posts
25/11/202016:34Itaconix formerly Revolymer3,601
16/9/201911:54Inter_X holders ready to do a big brown plop soon135
21/5/200223:03funniest thing I've seen in ages46
03/5/200223:27Interx worth looking at91

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Itaconix Daily Update: Itaconix Plc is listed in the Chemicals sector of the London Stock Exchange with ticker ITX. The last closing price for Itaconix was 2p.
Itaconix Plc has a 4 week average price of 1.85p and a 12 week average price of 1.53p.
The 1 year high share price is 2.68p while the 1 year low share price is currently 0.25p.
There are currently 432,448,253 shares in issue and the average daily traded volume is 428,902 shares. The market capitalisation of Itaconix Plc is £8,086,782.33.
gridlock1: wololol13 Nov '20 - 14:02 - 3583 of 3597 0 0 0 Let's see where the share price is at the end of next week. Looking at the chart and all the buying today, I wouldn't be surprised if it hit 2.5 next week. ................................................................................... So Wolowol, we have just over two hours to jump 25% to reach your 2.5p suggestion (as you say above by the end of the week) Think it's fair to say Wolowol, most likely aint gonna happen (just like all your other predictions made over the pond on LSE with 4p by Xmas blah blah blah. Maybe you will take note of Gridlock going forward and learn to be more patient before eventually seeing ITX share price head back up as I believe it will in time (not this week, or next week) but in time. Nothing wrong with posting your findings as they are actually quite interesting, but you perhaps want to curb the share price predictions you often make (as never seem to materialize do they) ATB.
wololol: I am basing it on years of experience watching ITX trades and looking at technical indicators on the charts and of course the excellent fundamentals and how undervalued this is. I am just trying to help people invest in a great company and make some money at good prices. If you look at my posts in the past on LSE I have have been right more than I have been wrong when predicating when the share price is ready to move up.
elsol: Hi lefrene. I think 10x bagger in 12months is a tad optimistic. Value will correlate with revenues fairly closely and the revenue multiple will widen as ITX go forward with customer acquisition and development BUT I still think 3.0p could well be the year end outcome which is a great uplift in share price for 2020 as a whole....beyond that another doubling in share price seems do-able certainly to 6.0p but visibility on profitable contracts will be the key driver for 2021.
the ghost who walks: Key will be sales. Investor sentiment is pretty meaningless other than in short term. If we announce some contracts the share price will go up. If we hit breakeven mid next year, share price will go up. Sentiment not really a focus for me, just underlying business progression, which is sales. Let's hope there are announcements in the next three months on this front.
elsol: Hi Roger. If ITX reach £20m sales in 2023 then crudely you could adopt a 3x to 4x revenue multiple IMHO at the time giving an indicative Enterprise Value (EV) of say between £60m to £80m. So if no or minimal debt at the time then would equate directly to market cap. This revenue multiple is indicative of very strong growth in future which one would expect for ,say, next 10 years (early to mid phase of product adoption and new evolving market switching applications being developed). So working back to now ITX' share price is currently well below this and has the prospect to double in price in the next six months and to double again by Dec 2021 through the re-rating of the company and unwinding of the discount for risk of delivery of its business plan. As the share price rises obviously over time then investors see the continuously rising share price trend then jump aboard. That's what I'm expecting here. ;-)
rogerramjett: The Ghost, ITX obviously need to generate new contracts but what we are seeing is a previous contract awarded now being fulfilled. Interest in ITX will create an uplift in share price as people will start to catch on that they have started to sell to some very large customers directly or indirectly. This is good for revenue growth and the longer term effects of MCap and share price Unfortunately, perhaps dishwasher tablets are not that exciting but it really is a highly profitable business that ITX are supporting with their polymers. It is essentially chemicals but in a sustainable way which is what people are looking for.
wololol: It's a mixture of fundamentals and technical analysis. Some large seller would sell 500k chunks whenever the share price hit 1.38 for several weeks and then buyers would keep buying to keep the share price at 1.35 in a consolidation period. Then once the seller had cleared the buyers kept on buying, the volume increases and the share price goes up and it breaks out of the 1.35 range and it's free to re rate. The rise in share price then stimulates interest like roger for example so they research the fundamentals and like what they read and buy. The share price then breaks through previous resistance at 1.55 and goes to the next target which is 2p then 2.5 and so on until the sellers arrive and then the cycle starts again.
the ghost who walks: Completely agree. I see first step to actually deliver on 5mln revenue run rate by announcing some new deals. I think that will lead to higher share price, Then for material share price outperformance it will need to provide some confidence that revenues can move to double digit millions. If we achieve this we have a multi multi bagger on our hands. If they don't, as has been the case in the past, we won't go anywhere.I've got a big position, am now going to sit and wait. I don't expect material share price movement until proof points are delivered.
elsol: In answer to your question ghost medium term means 2020 and 2021 and if revenues continue at this rate of expansion it could well be the last cash financing but who knows?? I do understand the frustration that certain investors may have from the long term shareholder value erosion that ITX has experienced. In my mind, if a new investor buys today then they have good value growth prospects from the research I have done on ITX. Historically its simply suffered whats called a 'delayed adoption curve' that has under-tracked investor expectations significantly. It has turned out harder to convince early adopter clients and probably involved a much more complex and lengthy sales process due to non access to the end consumer markets. But I think you will agree the revenue growth is now feeding through very well and at this rate of growth it wont be long before 3-4mGBP Mkt cap looks very much too low. I do think the legacy negative shareholder baggage is somewhat holding back the share price at this time. e.g. no forward movement on announcement of financing to avoid a significant working cap. deficiency problem. we will all wait for more sales and production performance news and possible new collaborations. At that point forwards, IMO new shareholders will gradually want to invest and the share price will rise...its a waiting game. Management put in quite a chunk close to the existing share price and they have inside information so I believe they are well placed to know whether they will get a decent return from mid-2020 forwards. Conversely I think there is no realistic prospect this business is worth less than 3m GBP (notwithstanding a highly unlikely disaster scenario like a meteor strike on the ITX production facility). maybe we can connect again at Xmas time and compare notes on where ITX has got to.
wololol: Elsol, I would not worry about that. It is quite clear they want to stay listed, hence the share price has risen accordingly. I'll be looking at 2p next week minumum. I think the virus has expedited the progress of ITX. The last update shows they're doing extremely well and will continue to do so for the remainder of year in the time of crisis. This has encapsulated the PI so the share price has increased accordingly. If they do indeed release more contract news in the near future which I expect then the share price is going to go nuts.
Itaconix share price data is direct from the London Stock Exchange
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