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
  0.025 1.96% 1.30 2,808,164 10:21:32
Bid Price Offer Price High Price Low Price Open Price
1.25 1.35 1.30 1.275 1.275
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 0.66 -7.40 -4.60 3
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:48 O 73,500 1.285 GBX

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Date Time Title Posts
03/7/202014:20Itaconix formerly Revolymer3,082
16/9/201912:54Inter_X holders ready to do a big brown plop soon135
22/5/200200:03funniest thing I've seen in ages46
04/5/200200:27Interx worth looking at91

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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 1.28p.
Itaconix Plc has a 4 week average price of 1.15p and a 12 week average price of 0.58p.
The 1 year high share price is 3.30p while the 1 year low share price is currently 0.25p.
There are currently 269,130,071 shares in issue and the average daily traded volume is 4,517,913 shares. The market capitalisation of Itaconix Plc is £3,498,690.92.
the ghost who walks: Share price poor
the ghost who walks: They indicated that there is a real possibility of more financing needed within 12 months and in the interview the ceo said make progress towards break even but I don't think indicated profitability. I would personally classify 12 months as short term - I.e. current. At least enough to not be off the table. Other stocks which have raised capital with good prospects saw a material share price bounce on that news, but not these.Mgt bought shares in the last funding round also at 1.1p and then again now, so I wouldn't place too much information value on that.My average in price is around 130p. I do see the chance of a material move up, however I think we should be realistic .Originally the reason for the low share price by this board was Woodford dumping, then it the fundraising overhang, but here we are still at 120p. Probably means the reason is mostly due to a lack of genuine positive business news - if we get that, then I agree we should make some money.
elsol: In answer to your question ghost medium term means 2020 and 2021 and if revenues continue at this rate of expansion it could well be the last cash financing but who knows?? I do understand the frustration that certain investors may have from the long term shareholder value erosion that ITX has experienced. In my mind, if a new investor buys today then they have good value growth prospects from the research I have done on ITX. Historically its simply suffered whats called a 'delayed adoption curve' that has under-tracked investor expectations significantly. It has turned out harder to convince early adopter clients and probably involved a much more complex and lengthy sales process due to non access to the end consumer markets. But I think you will agree the revenue growth is now feeding through very well and at this rate of growth it wont be long before 3-4mGBP Mkt cap looks very much too low. I do think the legacy negative shareholder baggage is somewhat holding back the share price at this time. e.g. no forward movement on announcement of financing to avoid a significant working cap. deficiency problem. we will all wait for more sales and production performance news and possible new collaborations. At that point forwards, IMO new shareholders will gradually want to invest and the share price will rise...its a waiting game. Management put in quite a chunk close to the existing share price and they have inside information so I believe they are well placed to know whether they will get a decent return from mid-2020 forwards. Conversely I think there is no realistic prospect this business is worth less than 3m GBP (notwithstanding a highly unlikely disaster scenario like a meteor strike on the ITX production facility). maybe we can connect again at Xmas time and compare notes on where ITX has got to.
elsol: The timing of the placing is in fact perfect because it comes at a time when investors can both see and feel the market demand pull actually happening. Special thanks to COVID 19 Which as you know ghost has just appeared on the planet! And it was not around when the share price was higher. The stars have just aligned for a perfect growth runway..I hope the share price doesn’t rocket this week because I’m invested here or the next 5 years and it will double at least every year IMHO.
wololol: Ghost how can you possibly deramp this? Have you read it properly? I'm sorry to say for you this share price is only going higher. Cash balance is $0.5 million end of May so cash balance has gone up since March - almost break even already. I don't think they will need to raise again with the reveneue growth they have - almost 100%. The board is extremely conservative so they say this for worst case scenario. Also let's see how many shares they buy tomorrow could be 18million or so - Such easy money to be made buying tomorrow. Your delisting arguement that you've been barking on about for years is out of the window now I will sit back and watch this fly over the next week or so. Well done all holders for keeping the faith. I'll certainly be buying more tomorrow like I did at 0.4 and that's tripled already. Good night
elsol: Fantastic news in the RNS tonight. Finance that will facilitate takeoff of this company and passage into AND beyond break even with continued revenue out performance. Excellent low 15% discount to current share price indicates great confidence in the business from within the investment community. No where near the deep discount and equity dilution that some feared. The financing will clearly very much de risk the capital structure of ITX. I did forecast 3p share price I recall a few weeks ago for Calendar year end that will be easily smashed now! :-). “Houston we have lift off “. Great revenue growth numbers...outstanding
elsol: Ghost - I agree with you but only in the context of the prior share price expectations of all investors historically - BUT if your buying in NOW at this low tiny price per share then IMO its a great opportunity! REVENUES now growing consistently well above industry levels ( e.g. high double digit per year) and that's not showing any sign of slowing from now the risk / reward characteristics of ITX stock is fantastic.
elsol: Are you looking to buy lower lefrene? Above ave. sales growth for ITX is a given and will reward investors this year so I'm taking a more relaxed approach to this company. I am expecting a doubling in the share price by end of 2020 and will likely happen in one or two BIG jumps connected to the obvious RNSs that will come.
wololol: Elsol, I would not worry about that. It is quite clear they want to stay listed, hence the share price has risen accordingly. I'll be looking at 2p next week minumum. I think the virus has expedited the progress of ITX. The last update shows they're doing extremely well and will continue to do so for the remainder of year in the time of crisis. This has encapsulated the PI so the share price has increased accordingly. If they do indeed release more contract news in the near future which I expect then the share price is going to go nuts.
elsol: Agree - ITX will enjoy a steady share price rise over the summer as small investors figure out that the downside risk of failure is getting much reduced (and ditto the lower risk of a hypothetical take private transaction happening at all since shareholders would need to vote on any proposed de-listing proposal to get it across the line presumably and that will become increasingly difficult with the lion's share of public shares now in the hands of PIs). Furthermore, the upsides are becoming more apparent (e.g. almost a 'no-brainer' of strong product detergent sales during 2020-21 driven by an ECO friendly performance brand on the shelf for increasingly cost conscious US consumers and more working capital funding options opening up for ITX as a Covid19 counter-cyclical. I'm expecting a doubling in market cap. by year end 2020 as a base case proposition without a buyout transaction.
Itaconix share price data is direct from the London Stock Exchange
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