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ITX Itaconix Plc

133.00
-2.00 (-1.48%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Itaconix Plc LSE:ITX London Ordinary Share GB00BPK3YZ68 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -1.48% 133.00 3,661 16:00:43
Bid Price Offer Price High Price Low Price Open Price
128.00 138.00 135.00 133.00 135.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chemicals & Chem Preps, Nec USD 7.87M USD -1.54M USD -0.1139 -11.68 18.21M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:00:30 O 2,500 132.025 GBX

Itaconix (ITX) Latest News

Itaconix (ITX) Discussions and Chat

Itaconix Forums and Chat

Date Time Title Posts
12/12/202417:07Itaconix formerly Revolymer10,252
06/12/202216:01where's lucky38
15/7/202212:33GET OUT BEFORE ITS TOO LATE!!!!(11/04/02)149
16/6/202113:54Inter_X holders ready to do a big brown plop soon152
16/6/202113:45Anyone still holding any of this ?28

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Itaconix (ITX) Most Recent Trades

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Itaconix (ITX) Top Chat Posts

Top Posts
Posted at 14/12/2024 08:20 by Itaconix Daily Update
Itaconix Plc is listed in the Chemicals & Chem Preps, Nec sector of the London Stock Exchange with ticker ITX. The last closing price for Itaconix was 135p.
Itaconix currently has 13,486,122 shares in issue. The market capitalisation of Itaconix is £17,936,542.
Itaconix has a price to earnings ratio (PE ratio) of -11.68.
This morning ITX shares opened at 135p
Posted at 10/12/2024 10:52 by lefrene
A bit of a novelty seeing the price moving up. Has something leaked?
Posted at 06/11/2024 09:50 by lefrene
dex, that's because it's the AiM, 95% of it just a talking shop, fantastic success is always just below the horizon, always due any moment now, always passing the hat around. ITX has trod those boards for over 16 years, although to be fair the past three years they do seem to have got beyond just constantly inventing stuff they can't sell for a sensible price, and got to grips with being an actual business, with a sensible margin. The next few months should give us the lie that it has become an actual business with genuine prospects.

In the meantime I presume this mornings mark down is due to some worriers fretting that Trump might damage things with high tariffs? Trump has a business brain, he is unlikely to use a broad one policy brush, he'll be selective, to do whatever is overall best for USA business. He understands how wealth is created, unlike the Socialists who steal wealth to bribe the voters with.

Trump is more likely to help the likes of ITX to reduce overheads and export their products. Time will tell.
Posted at 30/10/2024 14:42 by rivaldo
The nightmare scenarion re AIM and inheritance tax has turned out to be a completely damp squib.

A 50 per cent relief from inheritance tax will be applied to AIM shares, setting the effective tax rate at 20 per cent - so only a partial measure.

So back to normal for AIM shares - and hopefully back to 150p-160p short-term for ITX.
Posted at 25/9/2024 18:16 by elsol
Hi Lefrene - re: "The company is acquiring record amounts of raw material, why? You don't have to mention names, but explaining why would help confidence no end".

Answer: As per recent Brokers reports ITX have been growing the core ingredients business (ie higher GM/higher price per gram) at c.30-60% p.a. During 2024, this core 'true ITX' business is not obscured by the high volume of cheap low margin bulking chems volumes that was typically the case for the large "ejected merchandiser client" during 2022/23. So now the vols tonnage of Chinese ITX feedstock supply and % growth equates roughly to revenue % growth/vols out the door going forwards - simple maths correlation unless we are not tracking all the suppliers as JS mentioned on the call but I believe he is saying that so investors think they are unable to do the simple maths...the plant night shift and additional worker adds also indicates positive volume momentum for 2024/25 outlook. but DYOR.
Posted at 12/9/2024 13:41 by dexdringle
Would be nice if the directors were to buy gazillions of shares on the open market. After all, they are best placed to see what is really happening and would be stupid not to buy if the prospects were good and the share price wasn't reflecting that.

On the other hand, them NOT buying is a bad sign sign as no one avoids backing a dead cert....
Posted at 10/9/2024 19:39 by geraldus
Watched the share price dip after 2pm,in line with the presentation and not surprised.Not very inspiring.
Posted at 25/7/2024 10:34 by rivaldo
Nice post on LinkedIn last week:

"The plant-based chemicals revolution gathers speed. Itaconix Corporation is honored to be cited as one of 9 key players impacting the value chain.





Thx for the Proactive interview elsol, very positive. There's a good summary of it elsewhere by SmartInvestment:

"1. In yesterday’s interview John Shaw stated that Absolute gross profit in H1 2024 was similar to a year earlier due to the improved gross margin. That is despite offloading its low margin customer.

2. Gross profit margin increased to a whopping 38% in H1 2024 compared to 28% a year earlier. That is some progress.

3. Link I posted this morning to hair products shows massive potential application:

VELASOFT® NE 100 TDS - Frizz reduction and curl retention

VELAFRESH™ ZP - Plant-based solution for malodor neutralization

Itaconix® SF 505 TDS- Natural conditioning, better foam texture & stability, and enhanced viscosity

Any of these 3 applications could land a massive multi-million annual $ customer(s)and I anticipate such news in H2.

4. Yesterday’s update on superabsorbents was very welcome news and makes me 100% certain Itaconix read this share chat as a number of us were disappointed not to get an update in the recent trading update. Once the company finalises its product in H2 it can hit 2025 with a massive marketing campaign. Again one or more large customers in this yield could be multi-million annual dollar business.

5. The leather application came out of the blue earlier this year, and just goes to show how diversified this company is becoming. I must confess I still don’t realise the full potential of the leather sector but I imagine it’s big as John is very excited about this.

6. Diversification into Mineral products. Another application we have limited knowledge about but another area John has mentioned a few times this year.

7. All this is on top of its bread and butter dishwasher business which we learnt yesterday has diversified into a gel delivery option with the landing of a major southern European customer.

8. When you add all the above developments together there is a very credible path to becoming a $100m revenue company in the next 5 years.

9. The recent off book trades show institutional investor appetite for Itaconix and they want to get in at a cheap a price as possible. They must see the current share price as the bottom. Golden rule “follow the money”."
Posted at 24/7/2024 12:01 by dexdringle
Well, that interview boosted the share price nicely. Oh, wait. What ?

Shaw and the board need to start buying significant numbers of shares at market price out of their own pockets. If, knowing what they know, they aren't buying then why would anyone else ?
Posted at 02/4/2024 18:15 by elsol
PTT,
The new Fcst 24 is an optical financial worst case scenario (low case) assuming the worst outcome and total loss of revenues going forwards for this client (a client that appears to have v low profitability overall and hence low contribution to the value of the firm in totality irrespective to its total revenue - in all probability we will not see the worst case evolve into the actual revenue outturn since the party may order more than the worst case for the rest of FY 24 and may return in FY25. In any case much of the value of ITX is not currently generating revenue but has value nevertheless. Its subsumed in the share price so my take is yes we may have lost a chunk of revenue - its not really profitable so times by, say, 75% then consider R&D projects overlay value so you cannot say we lost x% revenue and that translates to x% share price fall as we are dealing with apples (profitable revenue) and oranges (non-profitable revenue and grapefruit (future much bigger very profitable revenues) that can occupy the plant capacity. See my note on LSE chat re: plant capacity and value maximisation of total ITX portfolio (existing and new customers) which may mean the decision today is actually value accretive as a portfolio rather than destroying value. Its a strange concept but one you have to get your head around with this stock if you are serious medium term invetor.
Posted at 15/8/2023 07:00 by bamboo2
15 August 2023

Itaconix plc

("Itaconix" or the "Company")

Share Consolidation

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products, announces details of its share consolidation ("Share Consolidation"). The Share Consolidation was approved by shareholders at the Company's Annual General Meeting on 28 June 2023.

Rationale for the Share Consolidation

The Directors consider that it is in the best interests of the Company's long-term development as a public quoted company to support share trading through the Company's US OTC listing, with a more manageable number of issued ordinary shares and corresponding share price.

Details of the Share Consolidation

Every existing 50 ordinary shares of GBP0.01 each in the capital of the Company (each an "Existing Ordinary Share") in issue and shown in the register of members of the Company at 6.00 p.m. (London time) on the Record Date (as defined below) will be consolidated into one ordinary share of GBP0.50 each (each a "New Ordinary Share").

The Company intends, immediately prior to the Share Consolidation being effected, to issue 45 additional Existing Ordinary Shares to enable the total number of Existing Ordinary Shares in issue being exactly divisible by 50. Since these additional shares will only represent a fraction of a New Ordinary Share, this fraction will be combined with other fractional entitlements and sold pursuant to the arrangements for fractional entitlements described below. As a result of this allotment the number of Existing Ordinary Shares in issue immediately prior to the Share Consolidation will be 674,306,100 Existing Ordinary Shares.

In accordance with the Company's articles of association (the "Articles"), no shareholder will, pursuant to the Share Consolidation, be entitled to receive a fraction of a New Ordinary Share. The Directors will make arrangements to aggregate all the fractions of New Ordinary Shares into whole New Ordinary Shares and to sell the resulting New Ordinary Shares for the best price reasonably obtainable. Where the proceeds to which a shareholder would be entitled from the sale of the fractional entitlements would amount to less than GBP5.00, in accordance with the Articles, such amounts will not be distributed to the relevant shareholders and will be aggregated and retained for the benefit of the Company in accordance with the Articles.

Rights attaching to New Ordinary Shares

The New Ordinary Shares arising upon implementation of the Share Consolidation will have the same rights as the Existing Ordinary Shares including voting, dividend, return of capital and other rights.

Effects on options

The entitlements to ordinary shares of holders of securities or instruments convertible into ordinary shares (such as share options) are expected to be adjusted to reflect the Share Consolidation .

Admission of the New Ordinary Shares

Application will be made to the London Stock Exchange for the 13,486,122 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. BST on 22 August 2023. Following Admission, the share capital of the Company will be comprised of 13,486,122 New Ordinary Shares.

Shareholders who hold Existing Ordinary Shares in uncertificated form will have such shares disabled in their CREST accounts and their CREST accounts will be credited with the New Ordinary Shares following Admission to AIM, which is expected to be on 22 August 2023.

Following the Share Consolidation, existing share certificates will cease to be valid and new share certificates will be dispatched to those shareholders who hold their Existing Ordinary Shares in certificated form.
Itaconix share price data is direct from the London Stock Exchange

Itaconix Frequently Asked Questions (FAQ)

What is the current Itaconix share price?
The current share price of Itaconix is 133p.
How many Itaconix shares are in issue?
Itaconix has 13,486,122 shares in issue.
What is the market cap of Itaconix?
The market capitalisation of Itaconix is GBP 18.21 M.
What is the 1 year trading range for Itaconix share price?
Itaconix has traded in the range of 97.50p to 276.00p during the past year.
What is the PE ratio of Itaconix?
The price to earnings ratio of Itaconix is -11.68.
What is the cash to sales ratio of Itaconix?
The cash to sales ratio of Itaconix is 2.28.
What is the reporting currency for Itaconix?
Itaconix reports financial results in USD.
What is the latest annual turnover for Itaconix?
The latest annual turnover of Itaconix is USD 7.87M.
What is the latest annual profit for Itaconix?
The latest annual profit of Itaconix is USD -1.54M.
What is the registered address of Itaconix?
The registered address for Itaconix is FIELDFISHER, RIVERBANK HOUSE, 2 SWAN LANE, LONDON, EC4R 3TT.
What is the Itaconix website address?
The website address for Itaconix is www.itaconix.com.
Which industry sector does Itaconix operate in?
Itaconix operates in the CHEMICALS & CHEM PREPS, NEC sector.