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
  -0.10 -1.59% 6.20 1,930,569 12:05:08
Bid Price Offer Price High Price Low Price Open Price
6.00 6.40 6.30 6.20 6.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 1.29 -1.36 -0.50 27
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:47 O 100,000 6.24 GBX

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Date Time Title Posts
23/1/202119:36Itaconix formerly Revolymer4,242
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 (ITX) Top Chat Posts

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 6.30p.
Itaconix Plc has a 4 week average price of 1.90p and a 12 week average price of 1.85p.
The 1 year high share price is 8.10p 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 10,156,407 shares. The market capitalisation of Itaconix Plc is £26,811,791.69.
purchaseatthetop: Time to just leave this share to do its thing until the trading update. MM's will do their thing (just like the sharp drop today) to free up fear shares. I am happy with my holding as it is right now and await the update. For the moment my two priorities are: 1) BMN - trading update most likely before 30/1. 2) MCRO - trading update booked 8/2. Both should see rapid rises after these updates. More so MCRO. Good luck everybody and just ignore the share price volatility. Maybe there is some accumulation going on in the background.
thordon: What we can talk about in real facts that ITX do not give out , the contract wins and why we have been searching products that have ITX. John Shaw will not disclose this information as ITX product is supplied to many competitors. Hence no RNS regarding the latest deal Sensitive Home , also this may not be the latest So gives us a purpose and reassurance that we have invested wisely Six months ago we were looking at a dozen products being sold in USA and Europe , that has now exploded to over 50 products With no RNS regarding this , gives us the shareholders heads up.
purchaseatthetop: astralvision...I agree. We do not know the split. But we DO know that the average of months 5+6 were $250k per month We DO know that the average of months 1-4 were $150k per month we DO know that the average of 2019 H2 was $114k per month If we assume that the sales line is a general trend upwards then I have done this (skewing lower for early months in the blocks and higher for later) and it shows gradual geometric, not arithmetic increase. An accelerating trend. As you say, we will find out. For my own purposes and for deciding just how big I am going to commit to ITX (when I have other choices in AGL, BMN etc) it is really useful. The challenges to the logic is welcomed. The market is assuming that the broker forecast will be close. If I think that the broker forecast is out of date, and it turns out that it is too low, then the share price will go through the roof. Immediately. I want to buy before the figures come out. So..we throw ideas back and forth.
purchaseatthetop: Gross Margins determine the future of the company. IMO. The GM in 2018 was 16% The GM in 2019 was 34% The GM in H1 2020 was 37% The 2019 Annual Report stated: "Gross profit margins have improved as expected due to increased plant utilization and a reduced overhead cost structure." Therefore, it seems to me that ITX will generate higher and higher GM's as its revenue rises. Extra value added ontop of the mere revenue increase. It seems we can get to $15m per annum revenue before ITX has to spend $500k on capex and marginal GM contribution will increase further for at least the next 18 months before we get to $15m. The new VP Ops Miss Kane will have this firmly in her KPI's. The financial story is the basis of any belief I have in a company. Then I look at the other aspects. I am an accountant and MBA. I cannot help it. ITX ticks all the boxes. Dreadful weather here in Gerrards Cross but I am booking Eurotunnel tickets for late March so we can drive to our place in Italy (please God) to make myself feel that there is a future.
ivor hunch: One of the problems is that very few people seem to know what ITX actually does. One punter on another board thought it produced products for cosmetics! Well, he was not totally wrong, but the extent of ITX's products is far wider and has important 'green' implications. Neil Woodford saw its potential but his timing was spectacularly wrong. The stock market is a very imperfect exchange with some share hugely overvalued while others have tiny marketcaps. I discovered ITX 2 years ago when looking through Woodford's failures and realised that there was something with real potential. I have been adding on dips since then. There are other massively under-priced shares out there - all you need is the time to research them and above all patience !
parob: I really liked this post by enteleon on the lse bb - hope he/she doesn't mind me sharing here:Hi Sam 12345 and others: Tempting to sell isn't it? The rest of this post is going to sound arrogant and patronizing, but I don't mean it like that. They say that any real apprenticeship demands 10,000 hours of committed time. I reckon I've done my time and Gawd streuth have I made mistakes. What I have learned is that, very rarely, an opportunity arises where a balanced risk assessment comes out very firmly in the positive AND the share price is irrationally low. I firmly believe that ITX is in that rare category. Once you find those rare gems, I have also learned to hang in there whatever the ups and downs of the share price and main market sentiment. To me, ITX fulfils many of the Warren Buffett criteria:1) Neglected share which has not yet come to big-scale awareness (his cigar-butt shares).2) Price does not yet reflect true value or potential.3) Company has a moat- IP well protected; high barrier to entry.4) Buffett likes consumer staple Companies (Coca-Cola, Heinz etc).As most of you know his attitude is to buy big early on; ignore the market wobbles; be a real OWNER of the Company by hanging in there for at least ten years, if not forever. He very, very rarely top-slices.Although Buffett likes Companies with steady dividends, we don't have that for ITX. However, if they continue on the very low-risk, but high return pathway they are on, dividends become a possibility. This sounds like a ramp, but I don't mean any of this vacuously. I'm absolutely not a pump-and-dump guy and I'm totally happy being very, very patient. GLA.
purchaseatthetop: Very good post by wolowol on LSE that I am copying across: The patents protect that no manufactor and formulator in the World can produce a formulation which contains over 50% itaconix acid. The ITX production process is proprietary and protected and the chemical benefits of using itaconix acid only exist when used in over 50% dosages. In other words, if a formulator wants to replaces multiple ingredients, cost savings, increase performance and use biodegradable and sustainable they must use ITX to produce the polymers. Essentially ITX control the itaconic acid polymers market across the globe. Addressable market with current formulations is $75million dollars revenue per annum to be achieved in next 5 years. I can see why share price is re-rating. This basically in excellent words explains the barriers to entry for new competitors. They are absolute and complete. 100%. This is why we may IMO be looking at 20p before the end of 2021. It is so rare to have absolutely no chance of any competition and the USP of the product is a must for the modern world. Amazing.
elsol: I'm guessing that most private shareholders are long term holders in ITX given its prior mainly higher price of entry over the years and new trading upsides becoming visible in 2020 H2 so that must make the MM jobs more difficult. If any larger purchasers like green funds want to obtain some significant tranches of shares then they will have to increase the share price materially to get a decent chunk IMO. Any other views on this??
pugugly: Lots more activity than usual - 52 trades so far and up by 14% - Keeping fingers crossed that ITX product sales and EBITDA reflect the share price momentum
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.
Itaconix share price data is direct from the London Stock Exchange
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