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Yep, that's a great phrase and sums it all up for me.
It's taken time to get this far, but now we've got here the next few years will be phenomenal.
Not many company's manage to marry the science with the market, but there's no doubt that ITX have achieved it, and one of the best parts as far as I'm concerned is that the longer it takes a major to move in on us the more it will cost them. It's a one way street from here.
Sat here watching the presentation..
"...once you get formulated in, its very hard to get formulated out...".
It struck me this is a very nice way to understand why they can almost guarantee repeat business.
Well done to those discovering that ITX are now in global mega business products. I would bet that its the foot in the door with these behemoths that's the toughest bit to crack, so it really is very exciting confirmation in my view,
Can anyone enlighten me as to why share trade data shows someone selling single shares individually. Surely you'd get hammered on fees.
Rivaldo - yes, v. impressive presentation. JS’s best to date.
He talks with an air of confidence not seen before.
What’s not to like here? I note that 25% of shares now held by US investors. Share consolidation appears to be working IMHO.
GLA
Terrific presentation, John is really stepping up to the mark. Thx to Elsol for the summary too.
I just love the huge recurring revenues and the vast range of opportunities here - plus the large cash pile and the minimal need for cap.ex.
AJ - I wasn't joking when I said Itaconix would be a division of Unilever. It may not be them specifically but it's only a matter of time before ITX is taken over by one of the majors product manufacturers.
The products being developed by ITX are transformational for the likes of Unilever et all, and they'll take us in-house to stop the competition doing so as much as for their own ends.
Hi Elsol
Thank you for the breakdown of the presentation, as you allude to there are some very interesting development that are happening right now and even more to come as we move forward.
2 million to replicate a plant in Europe, now that would be a huge step forward? and relatively cheap to double our capacity from where we are at the moment, and all the benefits that would bring.
ITX SP is just in its infancy, how do you value the potential here(huge)? personally I do not think we will get the chance to achieve this and will get taken out?
ATB
AJP
It always amazes me how quickly the ITX share price moves.
I understand the mechanics, but it still always surprises me. The fact you can change a Company's market cap by 10% based on transactions worth a total of £20-25k just seems like a very broken system.
Forgot to mention:
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.
Thanks AJP08 - some interesting added info. in here for me:
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
Think that some of the large trades over the last period may be those taking the opportunity to use up their ISA allowance using up their tax free allowance for the year, sell out of share account and buy back into ISA, as April is just around the corner. (basing that on on real share price change based on size of trades and many very closely timed?
For example
25 Mar 24 09:29 2,183 219.50 4,791.69
25 Mar 24 09:29 2,203 218.00 4,802.54
25 Mar 24 09:09 2,404 219.30 5,271.97
25 Mar 24 09:09 2,423 218.00 5,282.14
RNS out tomorrow, with Date for the Finals?
ATB
AJP
Yes horrible spread, I bit the bullitt & went for 4426 earlier
I sold a bit a 255p on the 13th, I'd be willing to buy it back right now, but I just refuse to when this is the spread I'm presented with:
Bid=195.7200 GBX Offer=241.8571 GBX
Well for every seller there is a buyer (somebody took GBP 10k in one slice today) so someone is picking these up on the cheap as we are heading into the early April announced results and 24/25F outlook disclosure which is likely to tip more fuel onto the SP in the context of the wider diversification ingress (leather/super abs etc). The only reason there is this final little taking profits undulation in the SP dynamics is that the share was very well oversold in 2023 with the big uplift coming recently only toward 'historical average'. However, with the c. £2.50 (5p old money) large financing more that a year ago now and much further excellent ITX business delivery 2023/early 2024, that professional benchmark price (2023) must now be looking a pretty damn solid reference point for investors one year on from that investment.
My criticism in the past of this company was never what it was doing but the lack of comms. This is being done now very well and I genuinely believe that, this is one of the best companies out there(not a ramp),only producer of what it provides,addressable multi billion dollar market,fully funded and run properly. I genuinely can’t believe that the price is so low. Well done itaconix!!!! I have invested in some real donkeys of companies and don’t claim to be an economist but this looks good for the long term
Impressive
Hi
From last month
Not sure if this has been posted previously, but totally worth the watch. (full presentation and Q&A)
https://www.youtube.com/watch?v=LW02eSCJ2Bw
ATB
AJP
I agree very low sp for a business that has so much upside, I personally don’t think John would sell at any price short on f 15p old money, he’s got a long term goal and has to much invested in this to let it go unless the price is high and realistic
It's pretty typical of this share and many others on Aim to float back down after a big rise , wonder were it will settle £2 ? Surely not £1.50 , if it does I might buy the company myself lol , but in all seriousness , very low SP = offer here . imo dyor
Must admit I sold about 25% of my holding around £2.40 last week as a pull-back is almost inevitable. The money is sitting in my account ready to buy back in when/if we get to £1.80. People sell for all kinds of reasons, even if you believe the general direction is up.
Nice buying opportunity, I have purchased some more today. Have been invested here for some three years, there is always a pullback before another significant rise, of which I am pretty confident.
Good for you Ricky to skim a little after the rise but this does not takeaway the compelling 2024 investment opportunity from here on in
Bills overdue now.
Silly question maybe 🤔 but why did you sell now not after the results in April?
That was me.
Needed the money for house repairs but finished selling now. I still have 80% left for a much higher price.