Share Name Share Symbol Market Type Share ISIN Share Description
Itaconix LSE:ITX London Ordinary Share GB00B84LVH87 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 2.20p 44,052 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.00p 2.40p 2.20p 2.20p 2.20p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 0.55 -11.87 -12.90 5.9

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Date Time Title Posts
27/9/201814:29Itaconix formerly Revolymer113
20/7/200421:57Inter_X holders ready to do a big brown plop soon127
22/5/200200:03funniest thing I've seen in ages46
04/5/200200:27Interx worth looking at91

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Itaconix Daily Update: Itaconix is listed in the Chemicals sector of the London Stock Exchange with ticker ITX. The last closing price for Itaconix was 2.20p.
Itaconix has a 4 week average price of 2.10p and a 12 week average price of 2.02p.
The 1 year high share price is 24p while the 1 year low share price is currently 2.02p.
There are currently 269,130,071 shares in issue and the average daily traded volume is 194,103 shares. The market capitalisation of Itaconix is £5,920,861.56.
richardjohn10: What sort of deal would we be looking at with Akzo and what's prediction for share price Acton?
dexdringle: Sometimes I think I must be living in a parallel universe where up is down and down is up.... Very bullish statement from the board. Then the H1 2018 highlights: 1. loss £3M (even worse than H1 2017 and that's going some) 2. loss per share 3.8p (bearing in mind that is more than the whole current share price) 3. shareholder equity now only £1.2M despite having raised a fresh £3.2M a few months ago. Assume is zero by now (3 months later) given rate of cash burn On what planet is this anything other than a disaster ?
dexdringle: Hold on. If 75% of the shares are held by institutions, and the remainder are held by people almost all of whom will have paid 25p plus what, physically, has caused the share to drop from high 20p's to 5p ? It can't be selling pressure. It can't be shorting. It can't be market makers marking them down for a laugh. It can't be "in anticipation of a funding announcement" as that may have been a placing at 15p a share which clearly wouldn't be feasible now. In short, who benefits from the share price having plummeted and how did they make that happen ?
m190812: Revolymer received 25 million in about 2007 to develop non-stick chewing gum which it was unable to sell to anyone. It then converted to nicotine gum which produced a turnover of about 1.3 million - it essentially gave this business away last year. In 2012 it raised 25 million on the basis of some encapsulation technology which it has not been able to turn into a business. It received about 4 million from Woodford around a year ago to buy Itaconix (a company that’s been going for about ten years and never turned a profit). After ten years and over 50 million it can only produce a revenue of 600k. Your question ‘why are the investors not getting excited?’ Because Revolymer/Itaconix keeps changing what it does and the investors are persuaded to believe that next year, Rodney, we’ll be millionaires. Sadly it has never delivered and the executive has continued to earn fat salaries. At the end of the day investors realise that in companies like this it’s a high risk investment and you only need one of your portfolio to make it worthwhile. Itaconix has 3 million left, about 6 months if they’re lucky - the question is - can they convince the city to provide more money (after 50 million spent on gum (divested business for non-cash) encapsulation (no takers for the technology) and buying Itaconix (already an under performing company close to collapse). I’m a sense the investors are getting excited, and this is reflected on the constant downward tragevyort of the share price which I think is overvalued for a company which consistently has a burn of 4-5 million and no turnover to speak of and never has had any turnover to speak of.
m190812: The market thought they were worth 75p two years ago because they had 15 million of investors money in the bank and they had the same 'poised for growth' messages then as now. Except they haven't converted any of their licenses (which were signed several years ago now) into revenue and with only 600K revenue to show for a 5.2 million loss these 'posed for growth' messages are looking very tired. I saw a recent comment 'couldn't sell water to a thirsty man' which sums up their commercial ability perfectly IMHO. With only 3 million in the bank and a burn of >5 million a year it would seem the share price has only one way to go. Revolymer/Itaconix has burnt through over 50 million of investors money with very little to show for it.
2deano: I am negative for good reason Crestseal. Unless you can quantify your reason for being bullish, then the facts speak for themselves. They are almost out of cash. They are destroying shareholder value by the day. They are down to about 2.5m cash est. That is falling by the day ( I estimate around 0.1p per day off share price ). That means the premium to cash at a trading level is increasing by the day, unless the share price falls ( which it will ). Their share price is at a massive premium to cash. I don't think shareholders will ever see a penny. I think it is going bust and soon. I would sell in a heartbeat if I was holding. People are holding and hoping, which is folly. Winding up costs ( if you are of the view that it is going bust, which I am ) mean that there is very little left as I write. End of June at the latest and it is goodbye ITX This is all IMO. Rgds. This is not investment advice. DYOR.
2deano: I doubt it. Illiquid so small buying can move the share price. Consider this too: Insiders would buy more than 10k shares, so even if there was news forthcoming, the volume is not indicative of this. I still cannot understand people that buy ITX shares or continue to hold in the blind belief that amazing things will happen. The risk/reward is such that the words 'BUMP' and 'sorry no cash left' are going to be very real by the end of June IMHO. But each to their own. This is not investment advice. DYOR.
Itaconix share price data is direct from the London Stock Exchange
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