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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
  -0.05p -1.20% 4.10p 659,237 15:42:44
Bid Price Offer Price High Price Low Price Open Price
3.90p 4.30p 4.15p 4.00p 4.15p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 0.55 -11.87 -12.90 11.0

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Date Time Title Posts
14/12/201819:51Itaconix formerly Revolymer572
19/11/201809:33Inter_X holders ready to do a big brown plop soon128
21/5/200223:03funniest thing I've seen in ages46
03/5/200223:27Interx worth looking at91

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Itaconix (ITX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-12-14 14:56:534.1032,5851,335.99O
2018-12-14 13:40:054.1360,0002,478.00O
2018-12-14 13:19:504.1490,0003,721.59O
2018-12-14 13:18:574.1450,0002,067.55O
2018-12-14 13:18:254.1450,0002,068.00O
View all Itaconix trades in real-time

Itaconix (ITX) Top Chat Posts

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 4.15p.
Itaconix has a 4 week average price of 3.55p and a 12 week average price of 1.45p.
The 1 year high share price is 19.25p while the 1 year low share price is currently 1.45p.
There are currently 269,130,071 shares in issue and the average daily traded volume is 1,319,645 shares. The market capitalisation of Itaconix is £11,034,332.91.
goodbloke1: What share price price on the expected news anyone?
jungmana: If it's the market cap that's important then don't keep mentioning the 18p share price of early this year. Do you realise that at today's price of about 5.7p the market cap is about equivalent to the market cap when this was 18p.Why ? due to the massive life saving dilution in July.
dexdringle: I just need this to get back to 10p so I can get out at breakeven following original purchases at 29p and some additional shares (allocation + extra) in the 2p placing. Clearly if there is / was an imminent mega deal, and a likely large share price rise, then the original (pre 2p placing) shareholders have effectively been deprived of the returns they should have received. If the company was on the brink of greatness, they should have borrowed the money to get them across the line or issued discounted shares proportional to existing holdings (with others then allowed to 'mop up'). And not issue massively discounted new shares out of proportion to existing holdings. That was an utter disgrace. The timing of running out of cash was......convenient..... Makes me realise that the whole 'quoted company' thing is a ruse with vested interests overriding the interests of equity holders (owners) almost all of the time.
jungmana: share price was 18p at he beginning of the year and the company nearly collapsed in april/may. must also mention that there are 3 times as many shares in issue today as was at the beginning of the year. lets tell the whole story.
dexdringle: Why has the share price chart disappeared from the header of this thread ? Or is that just me ? I have an awful feeling that we will once again soon be approaching the point where the board put a gun to the heads of the shareholders with a "more money or bust" ultimatum. How many times can they keep doing that ? I can't decide whether they are genuine or are taking the pi$$. Long at around 10p average after the placing so need a 5 x increase in the share price to break even.....
dexdringle: Tricky one for the ITX directors this. Regarding an RNS about the sudden doubling of the share price they may find themselves in a situation where they are damned if they do and damned if they don't.....
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.
Itaconix share price data is direct from the London Stock Exchange
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