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
  -0.40 -5.33% 7.10 2,377,574 14:39:36
Bid Price Offer Price High Price Low Price Open Price
7.00 7.20 7.50 7.10 7.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 3.29 -1.65 -0.50 31
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:12 O 13,777 7.20 GBX

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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 7.50p.
Itaconix Plc has a 4 week average price of 4.85p and a 12 week average price of 4.60p.
The 1 year high share price is 8.10p while the 1 year low share price is currently 0.58p.
There are currently 432,448,253 shares in issue and the average daily traded volume is 3,524,654 shares. The market capitalisation of Itaconix Plc is £30,703,825.96.
purchaseatthetop: Gustocomeon: Ball park: 19/7/21 Share price 12p - IMO John Shaw will announce H1 2021 exceeds H2 2020 (see my earlier post on the meaning of the inventory finished goods of $1.1m at 31/12/20). Market cap £50m mid/late Jan 22 Share price 17.5p - John Shaw gives trading update showing sales full year of more than $8m. Market cap £75m 12/4/22 Share price 28p - Full year presentation gives full view of major new brands getting involved. Market cap £120m So, she price up 4 times in next 12 months to market cap of £120m
lefrene: geraldus, the nature of the 'green' new products must be pivotal upon the ingredients within them, and ITX would not want to find themselves embarrassed by being unable to maintain continuous delivery when called upon to do so. There's also the probability that these ingredients are most efficiently made in batches, and it's more cost effective to over produce and store against known future demand, rather than trying to produce product closer to a delivery date. It's simple logistics and house keeping. Now that we know household names are beginning to use ITX products I look forward to demand for ITX product rising significantly, it's hard to even guess at what the size is of the markets in which ITX could play a part, to displace phosphates.
1liam: ITX current price in the market is a ridiculous premium to anything like what it is actually worth.I retain the view that shareholders have been stuffed. The share price was over 630p at one point, now under 7p. Absolute disgrace.
purchaseatthetop: lefrene....the bio-plastics possibility would change ITX from hundred of millions to Tetrapak value. I disagree with the bought out bit. If the technology becomes a "must have" for the new Green consumer then the future for ITX is technology licensing and enabling all the majors to use their IP protected products while ITX becomes a development company. Whatever happens. If we are right and their products are 1) adopted as needed, and 2) not easily substituted, then the price is stratospheric for any buyer. Every major would have to buy ITX to avoid being out of the market. I studied Game Theory for years as part of Change Management planning and this is clearly where ITX would use the theories. All IMO and probably rubbish. Maybe
fillspectre: PATT - I first started investing in '94 when I was still in my early 20s. Hadn't a clue what I was doing. Bought into a company called Skyepharma because I had been a biotechnology graduate and I thought I understood it - however I am not sure how good the management was. In 1999 whilst briefly at Nottingham Uni with access to the new fangled internet - I noted a spike in the share price and ran to the phone in the lobby of the building I was in. I sold out on the very top of one of the most precipitous share price spikes I have ever seen - total luck. Around the same time I was a contributor to the Motley Fool board (not under this moniker). Later I lost a chunk of money by investing in a company it turned out was run by some shady characters and additionally I have no idea why I thought that behind the premise of the company lay a growth story. I have noted a pattern of new companies coming to IPO overpromising, share price decline over many years, then a bottoming out, sometimes new management sweeping in and then the emergence of a refocused company making best use of what the company had to offer but having ditched some of the less commercial distractions. I am not certain of the full history of ITX but it would certainly seem that since July 2012 the ITX share price has traced this standard pattern. You will also find me on the ADFVN board for SCE. I have been to their factory premises a number of times and talked face to face with most of the board. SCE was drifting a bit until the current Chairman David Bundred came in and gave the company a rigid focus based on his own commercial awareness. Even so SCE has had to work hard to get to this point and they are now on the far end of the bath tub curve too. Don't get me wrong I don't just invest on the basis of the shape of the ten year graph - there is a bit more to it for me - lol. Fils
fillspectre: Agreed PATT. Working from home has made me start watching share prices too much - get addicted to looking at my phone. Then you start to get twitchy. Had to have a word with myself and put the phone down. In normal times I bought shares based on my decision on whether there is a long term growth story and then tended to just look at the share price at end of day. Although I have always looked at the morning RNS at breakfast. Even if Tuesday's figures aren't quite as good as you are expecting if the trend is still obviously in the right direction then keep on in there. I don't plan on accessing my SIPP at the earliest until 2024 but more likely 2029 or beyond. That is a good chunk of time for trends to work in my favour if I guess them right - so much so that worrying about fractions of a pence will seem ridiculous looking back. Fils
purchaseatthetop: are 100% correct to worry about liquidity. It was lack of liquidity that caused Woodford to lose ITX. If a million or two was needed now then ITX is largely derisked and it would not cost investors much value. Looking at the big picture, if ITX has the IP for the product and there are no easy substitutions due to complex chemical issues far above my pay grade (or O Level Chemistry), then which major chemical organisation can afford not to buy ITX? It is total market dominance till 2037. The management of ITX and IP know this very well and any buy out would be for huge HUGE sums. I have no doubt that we may be bought out. Maybe at 75p. Obviously this is all IMO and I am a great fan of the company, the product and the IP. I might well be wrong (but rarely am about ITX). Do not believe a word I write and make your own decisions.
fillspectre: TTNY2004 - good question but one probably better answered by others. I tend to hold shares for a very long time. I'm buying into this share for three main reasons - one I understand what it is all about, two - I think the global trend is massively in this company's favour and three all the signs from the last two recent updates are that revenues are growing (and this is backed up by other evidence provided by some of this board's contributors) and of course two recent VP appointments. 181K appears to have been bought at 5.5p today. The share price has been flatlining for a while - I think in the short term it will rise by speculative buys ahead of any results or further announcements. I think purchaseatthetop is right - should the next RNS be really good you won't be seeing ITX at these prices. Fils PS. I came here after following Rivaldo's posts on the Surface Transforms board. I also followed him into Scientific Digital Imaging. This tactic has not let me down yet.
elsol: The tax losses are a balance sheet asset correct. A predator would pay over a certain price/value in their headline offer price for them depending how quickly they can offset them with their own profitable cashflows to reduce their own taxes paid. ITX standalone would unwind the asset more slowly over time once profitable so again they are valuable over a longer period as they reduce the necessity for corporation taxes up to the amount of the equalisation against the historical tax losses. If ITX need more cash to grow through a further fund raising (probably debt from now on), then fine by me since this will enlarge the business for all shareholders and use cheaper cost of capital overall so share price should rise on that news.
elsol: Re: share price decline. Ignore it its based on very low volumes. The vast majority of investors are dormant holders until this goes much higher. My near term share price value benchmark target is the aggregate invested to date in the technology since inception. Someone here just referenced 50m GBP+. I'm going to be looking at this in the 2020 financial year end accounts shortly to verify this figure. The reason is that the original investment plan is now definitely being delivered so the original investment value case years ago (eg materially higher) is very relevant now in respect to the current date 2021 technology value.
Itaconix share price data is direct from the London Stock Exchange
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