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ITX Itaconix Plc

0.00 (0.00%)
Last Updated: 08:00:00
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
  0.00 0.00% 162.50 1,138 08:00:00
Bid Price Offer Price High Price Low Price Open Price
160.00 165.00 162.50 162.50 162.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chemicals & Chem Preps, Nec USD 5.6M USD -2.46M USD -0.1826 -8.90 21.91M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:48:39 O 66 165.00 GBX

Itaconix (ITX) Latest News

Itaconix (ITX) Discussions and Chat

Itaconix Forums and Chat

Date Time Title Posts
22/5/202411:12Itaconix formerly Revolymer10,119
06/12/202216:01where's lucky38
15/7/202213:33GET OUT BEFORE ITS TOO LATE!!!!(11/04/02)149
16/6/202114:54Inter_X holders ready to do a big brown plop soon152
16/6/202114:45Anyone still holding any of this ?28

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Itaconix (ITX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-22 10:18:31163.002,6814,370.03O

Itaconix (ITX) Top Chat Posts

Top Posts
Posted at 23/5/2024 09:20 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 162.50p.
Itaconix currently has 13,486,122 shares in issue. The market capitalisation of Itaconix is £21,914,948.
Itaconix has a price to earnings ratio (PE ratio) of -8.90.
This morning ITX shares opened at 162.50p
Posted at 20/5/2024 15:45 by dexdringle
《《 298;《 rivaldo20 May '24 - 14:04 - 10105 of 10109

Meanwhile the share price is now up 14% on today's RNS. Perhaps there was something else to see other than the misinterpretation of a single word! 》》 299;

Perhaps it would have been up 24% if they'd written it properly?

PS they just needed to say 'into' and not 'in' and it would have made perfect sense. As it is, it doesn't.
Posted at 20/5/2024 14:04 by rivaldo
Meanwhile the share price is now up 14% on today's RNS.

Perhaps there was something else to see other than the misinterpretation of a single word!
Posted at 17/5/2024 09:18 by parob
Some people have sold out, they're bitter and would love to see the share price drop further whilst others are taking advantage of the low price. The IP and revenues here are worth much more than the current market cap of £18M imo.
Posted at 16/5/2024 09:02 by lefrene
Back to 2p in old scrip. Looks like it, unless a deal is revealed. But hey Mr Shaw got his £10 million, so why worry about the share price for a couple of years!

We still don't know why these got driven up to eqv 830p 3 years ago, presumably a takeover whisper? If there are deals out there soon to be reeled in, then this is silly cheap, but the silence is killing it.
Posted at 08/4/2024 20:45 by elsol
It's a big number Dex prob 80m GBP at least. Well above current Mcap. In process R&D in gestation about to hatch at last! ITX has taken a few years. Can't wait for diversification success news as will derisk ITX product set,bring back investor confidence and share price will rebound north of placing price.
Posted at 03/4/2024 09:03 by lefrene
Losing $2 mil turnover at 9% net means losing $180k of profit, however by not doing that work we release capacity to do higher margin work.

From the Pro-Active video it would seem that there has been a long and friendly relationship with this end user, so perhaps after a bit of reflection they come together again? Perhaps the party involved feels he is 'owed' by JS for the long standing support from the early days, and understandably is digging his heels in. But the world moves on, 'green' is here to stay, he knows ITX has a reliable product, hopefully they can come to a deal further down the road.

JS would not have taken this stance without the blessing of IP Group. I guess moving ITX products into being seen as valuable, rather than as a cheap commodity supplier, is seen as the way to position ITX as adding much extra value to the end products, and thus worth a premium.

Perhaps the end user if he too is in the 'green' game, can raise his prices to his customers. If this is a fairly simple bulk process, JS may find 15% net as a workable margin? In the meantime as our new products expand there will be available capacity to swiftly respond to any new business.

To replace that lost $180k profit on $2 mil at 9% one needs circa $600k of business at a sensible 30%.

imo the price reaction is way overdone. One might hope that JS brings out some good news with the results, although on past track record, perhaps best not to.
Posted at 02/4/2024 19:15 by elsol
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 27/3/2024 09:08 by rivaldo
Impressive Sharesoc presentation which I believe hasn't been posted here before:

Elsol has posted elsewhere a summary of some of the highlights, for which thanks:

"1. Only $2m needed if they wanted to build a new plant - v. low capital intensity and minimal electric used in process

2. So many parallel new product avenues are here beyond detergents and hygiene - many significant - new ones for me were crop protection and industrial water treatment

3. IP moat - 16 families blocks competition and locks us in to brands

4. Retail channels (now ubiquitous ITX in most key channels)- very diverse with >170brands. Amazon - large mail order access channel

5. We have Reckitt as a client also which I did not know - another massive cleaning/hygiene global player

6. Big bonus focus onto much higher new vol markets for 24/25+

7. Now we have an artistic painting and shoe/ leather items to physically demonstrate and showcase to ITX clients - impressive.

8. John 's words - "very bright future & very exciting" so my take is that we are really on the cusp of major diversification opportunities

9. Slick new ITX web site in c. 8 weeks time so early May should be launched - will bring further client adoption/conversion benefits due to greater external impact - we are now here to stay as a major ECO functional ingredients business with some compelling new marketing strap lines like we are seeing recently being trademarked"
Posted at 28/2/2024 08:22 by rivaldo
Forget the past - look at the huge potential from where ITX are now.

ITX are at this stage of their evolution more likely to be valued at a multiple of recurring revenues given that this is where their core attraction lies in terms of "stickability" etc.

Such a multiple could conservatively be say 5 times revenues - so to achieve a £60m valuation ITX would only need £12m revenues. Not such a big step from where ITX are today.

And even if ITX were to be valued on a P/E ratio at a £60m m/cap, if ITX were forecast to achieve fast growth in profitability having reached an optimum point in scaling up, they'd be more likely to be valued on a P/E of 20 or more, thus requiring "only" a £3m PAT at the maximum.
Posted at 15/8/2023 08:00 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

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