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
  -1.25p -13.16% 8.25p 130,996 14:20:27
Bid Price Offer Price High Price Low Price Open Price
8.00p 8.50p 9.75p 7.75p 9.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 0.3 -5.6 -8.2 - 6.49

Itaconix (ITX) Latest News

More Itaconix News
Itaconix Takeover Rumours

Itaconix (ITX) Share Charts

1 Year Itaconix Chart

1 Year Itaconix Chart

1 Month Itaconix Chart

1 Month Itaconix Chart

Intraday Itaconix Chart

Intraday Itaconix Chart

Itaconix (ITX) Discussions and Chat

Itaconix Forums and Chat

Date Time Title Posts
20/3/201821:22Itaconix formerly Revolymer41
20/7/200420:57Inter_X holders ready to do a big brown plop soon127
21/5/200223:03funniest thing I've seen in ages46
03/5/200223:27Interx worth looking at91

Add a New Thread

Itaconix (ITX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
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 9.50p.
Itaconix has a 4 week average price of 7.75p and a 12 week average price of 7.75p.
The 1 year high share price is 26.50p while the 1 year low share price is currently 7.75p.
There are currently 78,717,948 shares in issue and the average daily traded volume is 47,500 shares. The market capitalisation of Itaconix is £6,100,640.97.
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
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20180321 15:02:54